Have you recently settled a debt and are searching for a paid in full letter? Good news, we've got two free sample form letters below.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. If you are looking to payoff your vehicle, there is a sample letter form that you can use as a guide. The letter should be professional and informative. A loan agreement is a legal document between a creditor who lends money to a borrower that is repaid with interest. 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. If you've stopped paying your creditors for unpaid debts, they will likely report your account as a charge-off after four to six months of non-payment. Promissory Note (MPN) and complete Then Entrance Counseling in order to receive the loan.