This letter is in reference to the account number identified above and its outstanding debt. This Payoff Transmittal Letter serves as a formal request to close your loan account.Use this paid in full letter to make a record to debt collectors after you've paid them the agreed upon amount. Collection agencies are in the business of collecting debt. Debt settlement letters help resolve debts. To request a payoff quote, please complete the payoff quote form. Does not match the party in our system, they are not one in the same. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free.