Can anyone advise what should be documented in a settlement letter? I'm about to settle my debt with a collection agency, but want to make sure that he settlement letter they present has all of the information necessary to make sure that this does not come back to haunt me. They have offered to settle for 50% of the debt owed. They are sending over the settlement letter shortly, but I want to make sure that I go over it with a fine tooth comb to ensure that everything is there. Any help would be greatly appreciated.