What is a Payoff Agreement? A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment.Log in to your account online to make a payment, check your loan balance and more. Our Loan Servicing team is always happy to assist you. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. A request for a payoff statement is not timely unless the trustee receives the request at least 10 business days before the trustee's sale. The Wage Claim Unit processes, investigates, mediates, adjudicates and files judgments with respect to claims concerning the laws listed above. Apply with no impact to your credit score to see if you're approved. Student loan debt relief companies might say they will lower your monthly payment or get your loans forgiven, but they can leave you worse off.