If you want to offer the creditor a written offer first without any other discussion then you should write a letter along with “Agreement to settle debts”.

Creditor Name
Creditor Address

Date:

Re: Account number:

Dear Sir/Madam,

It has taken me a long period of time to settle my financial problems. I am now in a position to take care of my debt; the account number of the same is referred to above. I appreciate the interest taken by your company to resolve this issue. I would like to respond to this offer and settle the debt at the earliest.

The amount I suggest to settle this debt in full is $_____. However, any references to late payment or charge offs on this account should be deleted from my credit file.

The fact is, I have several other companies to conduct debt negotiations with and have limited funds at my disposal. I will be able to pay only those companies who are willing to meet my terms. I have reached a settlement with a few creditors and undergoing the process with the others. I doubt if I would have enough funds to pay all at the end of this month

<Optional clause>
If your company accepts the above terms, please sign the attached letter of agreement and send a copy to me. Only upon the receipt of the ‘signed agreement’, I will send you a money order in the amount stated above

Yours sincerely,

<Your Signature>
<Your Name>
<Your Address>