It covers all aspects of the loan, including the loan amount, interest rate, repayment schedule, collateral (if any), and default provisions. 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.This article provides a template for a debt settlement proposal letter and explains what a debt settlement letter should contain. Find out whether your creditor must accept less than what you owe if you write "paid in full" on your check. Are you looking for a loan agreement form in Pennsylvania? Download our free Pennsylvania Loan Agreement Form which is available as PDF or Word documents. This letter is in reference to the account number identified above and its outstanding debt. Dochub is the greatest editor for updating your documents online. Follow this simple guideline edit Payoff letter in PDF format online at no cost. A Pennsylvania promissory note template is a signed document outlining the terms and conditions of a money-lending agreement between a lender and a borrower.