How to manage bills, from prioritizing debts to finding useful resources. So now what do I do?The FDIC may be able to assist you in obtaining a lien release if the request is for a customer of a failed bank that was placed into FDIC receivership. You deposit money each month with the credit counseling organization. If you have the funds to pay off an installment loan early, request a payoff letter from your lender. Traditional Mortgage - Learn about the options you have to make a payment or complete a payoff on your traditional mortgage. The countdown begins when you miss a payment, not when you took out the loan. This is an example of a payoff letter used in a syndicated loan transaction. Your account number is provided with the loan details in the welcome letter that you receive in the mail after your new loan is funded. If your application is approved, we will send funds after you accept the loan.