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.What information should be included in my paidinfull letter? If you ever need to prove that a debt is fully paid and can no longer be collected, then a paidinfull letter can be your best friend. The idea here is that you agree to settle the debt or pay it off in full in exchange for the creditor deleting the collection item from your credit report. Writing a debt collection letter can be difficult. What should you say? Contact the debt collection agency. Once you've determined how much you're able to pay, the next step is to reach out to your debt collector. Our debt settlement agreement template helps to clearly outline repayment terms to reach a mutually agreeable solution.