The letter should have a formal, respectful and positive tone. It should also include all key information that the creditor or collection agency needs to know.A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. Find your balance on a vehicle loan at Credit Union ONE in MI and determine your payoff period including same-day and 10-day loan payoffs. Sufficient income, credit and a history of paying debts on time are among the top criteria lenders seek in an applicant. Sign on to your account, select your auto loan from Account Summary, and then Get payoff quote. We've got your loan answers! When you take out an auto loan, your lender will be listed as a lienholder on the title. 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. GENERAL. What is the contact number for questions about my existing mortgage loan such as payment, monthly statement, or escrow questions?