[Your Name] [Your Address] [City, State, Zip] [Email Address] [Phone Number] [Date]
[Creditors Name] [Creditors Address] [City, State, Zip]
Subject: Debt Settlement Offer on Account Number: [Your Account Number]
Dear [Creditors Name],
I am writing to propose a settlement on the above-mentioned account. Due to [mention your financial hardship], I am unable to meet the original obligations…
[Provide a settlement offer and explain your situation further]
Thank you for considering my offer.
Sincerely,
[Your Name]