Use this paid in full letter to make a record to debt collectors after you've paid them the agreed upon amount. Use this letter to help you negotiate a full and final settlement offer with your lender.If your lender agrees to settle a debt for less than you owe, you'll need a written agreement of the terms. This will serve as a final payoff letter to close the loan account. 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. Your account number is at the top of your monthly statement and on the payment coupon at the bottom of the statement. Online. Subleasing is when a tenant stays on their lease but decides to rent out part of or all of their rental unit to another person. So, a smart response for Sally would be to file an Answer to the lawsuit in court and reach out to LVNV Funding to work out a settlement plan.