So long as you pay the payoff within the time frame of the payoff you should not owe additional money. Pay it off earlier in the time frame rather than later.A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. A 10day payoff refers to the time it takes for your new lender to pay off your old loans during a refinance. Get a new or used Auto Loan that fits your needs and delivers a great deal while lowering your payment. Apply for an Auto Loan today. Getting the payoff quote is simple. You can contact your lender via telephone, visit them in person, or go online and request a payoff amount. If you're worried about how to get out of debt, here are some things to know — and how to find legitimate help.