If you want to go ahead and make a creditor a written offer without discussing it, here is the way to go. You should pair this letter with the "Agreement to settle a debt" letter.

Dear Creditor,

Re: Account No.

This is to bring to your kind notice that I sincerely wanted to settle this debt issue for sometime now. But due to poor financial condition it was not possible. At present my financial position permits me to take further steps and I would like to take care of the debt for the account number mentioned above. My earnest gratitude for your efforts in advance and I would like to take this opportunity to sincerely thank your company to help us resolve this issue and save us from debt burdened conditions.

The final amount we mutually agreed upon is $.......... I also request you to take into consideration the fact that we also agreed that all my interest rates, late fees or any reference to them are to be eliminated from my credit report.

Incidentally, I have enrolled with several other companies to clear my debt issues and have a moderate amount of funds. In all probability I can only come to business terms with you if you consider and agree on my proposal mentioned above. Fortunately, I have already attained agreeable settlements with a couple of my creditors and will hardly have any left over funds at the end of this month. [Optional clause]

If I can manage my finance more effectively, I may also offer extra money added to the agreed amount, in order to upgrade my credit rating. I'm sincerely concerned with my credit ratings as this is the most important issue in this agreement for debt settlement.

Keeping in mind our mutual agreement, I hope that the above terms and conditions are acceptable to your company. On accepting my proposals please sign the attached letter to confirm our agreement and forward me a copy of the same. On receipt of your signed approval letter I will send you a money order with valuation of the amount stated above.

Thanking you in anticipation,

Yours Truly,

Your Signature

Your Name

Enclosure: