This document provides a sample payoff request letter that can be used as a guide. It is important to learn about the bankruptcy process before you file.A bankruptcy filing can affect your credit history for up to 10 years. In a loan reinstatement, you need to find just enough cash. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. You'll want to rebuild your credit, write a letter of explanation, and pay down debt to get into the best position for mortgage preapproval. This payoff letter sets forth payoff arrangements for a loan facility among borrowers, guarantors, a syndicate of lenders, and an agent for the syndicate. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.