Debt settlement letters should include the creditor's name and address. Include your name and address, and account number if known. Write out the details of he settlement offer, and make sure the amount you are offering is included in the letter. Give a deadline for acceptance, and include how many days after acceptance by the creditor that the payment will be made. Add that if the debtor fails
. to make the payment as promised, the creditor has to right to demand total amount due from the debtor. Also, make sure that the creditor's agent is authorized to sign such an agreement. Most of the time, a reasonable offer of settlement will be accepted. Everyone wins, as the creditor recoups their costs, and the debtor is on their way to a clean start.
