The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union. Most Department of Finance transactions can be conducted online.If you stop paying your auto loan, you won't loose your house, but you will be walking after the lender re-possesses your car. Search our FAQs for quick answers! Student loan debt relief companies might say they will lower your monthly payment or get your loans forgiven, but they can leave you worse off. My parents loaned me the money, I purchased a foreclosure with cash, but the loan was recorded. Sale to an unaffiliated nonprofit, or a loan payoff. For non-account questions, fill out this form and we'll get back to you.