Review loan payment and payoff instructions for auto loans, personal loans, lines of credit, credit cards, and mortgages. Go to the "Account Summary.A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. Late payments show up on your credit report and may affect your ability to get credit in the future. Do not include a credit report as proof of payoff. Does the dealership complete Form 8300? A wire transfer does not constitute cash for Form 8300 reporting.