Paid In Full Letter From Debt Collector for the United Kingdom

Paid In Full Letter From Debt Collector Template for England and Wales

A Paid in Full Letter is a formal document issued by a debt collector in England and Wales, confirming that a debtor has satisfied their debt obligations in full. The letter serves as legal proof of debt settlement and typically includes details of the original debt, payment confirmation, and statements regarding the closure of the account. It must comply with FCA regulations and the Consumer Credit Act 1974, providing clear evidence that can be used to update credit records and prevent future collection attempts.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Paid In Full Letter From Debt Collector

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc

What is a Paid In Full Letter From Debt Collector?

A Paid In Full Letter From Debt Collector is a crucial document in debt resolution processes under English and Welsh law. It is issued when a debtor has completely satisfied their payment obligations and serves multiple purposes: providing legal proof of debt settlement, enabling credit report corrections, and preventing future collection attempts on the same debt. The letter must comply with FCA regulations and include specific details such as the debt amount, payment confirmation, and clear statements about the account's resolution. This document is particularly important for maintaining accurate financial records and protecting both the debtor and collector's interests.

What sections should be included in a Paid In Full Letter From Debt Collector?

1. Creditor Details: Full name and contact information of the debt collection agency

2. Debtor Details: Full name and address of the debtor

3. Account Information: Original account/reference numbers and debt details

4. Payment Confirmation: Confirmation of the final payment amount and date received

5. Settlement Statement: Clear statement that the debt has been paid in full

What sections are optional to include in a Paid In Full Letter From Debt Collector?

1. Payment History: Summary of payments made, used when multiple payments were involved

2. Credit Report Update: Information about updating credit reference agencies, if applicable

3. Original Creditor Details: Information about the original creditor if different from current collector

What schedules should be included in a Paid In Full Letter From Debt Collector?

1. Payment Receipt: Copy of final payment receipt or transaction confirmation

2. Account Statement: Final account statement showing zero balance

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Publisher

Genie AI

Cost

Free to use
Industries

Consumer Credit Act 1974: Primary legislation regulating consumer credit and debt collection practices in the UK. Sets out fundamental requirements for debt collection activities and consumer protection.

Financial Services and Markets Act 2000: Provides the overarching regulatory framework for financial services in the UK, including debt collection activities.

FCA Handbook (CONC): Consumer Credit sourcebook containing detailed rules and guidance for debt collection practices and fair treatment of customers.

Data Protection Act 2018: UK's implementation of data protection requirements, governing how personal information must be handled in debt collection processes.

UK GDPR: Post-Brexit data protection regulation ensuring proper handling of personal data in financial services and debt collection.

Limitation Act 1980: Defines the statute of limitations for debt claims and legal proceedings in England and Wales.

Financial Services (Banking Reform) Act 2013: Contains specific provisions affecting debt collection practices and banking sector reforms.

Consumer Protection from Unfair Trading Regulations 2008: Protects consumers from unfair commercial practices, including in debt collection activities.

FCA Treating Customers Fairly Principles: Regulatory principles ensuring fair treatment of customers in financial services, including debt collection.

Credit Services Association's Code of Practice: Industry standard guidelines for debt collection practices in the UK.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Threatening Collection Letter

An England & Wales legal document demanding debt payment, outlining consequences for non-compliance, while adhering to regulations.

find out more

Release Letter From Collection Agency

An England & Wales legal document confirming the conclusion of debt collection and settlement terms.

find out more

Payment Offer Letter To Creditor

An England & Wales document proposing revised repayment terms for an outstanding debt to a creditor.

find out more

Medical Debt Settlement Letter

An England & Wales legal document detailing the settlement of medical debt between patient and healthcare provider.

find out more

Medical Debt Dispute Letter

A formal letter disputing medical charges in England & Wales, adhering to healthcare regulations and consumer protection laws.

find out more

Medical Debt Collection Letter

An England & Wales document demanding unpaid medical fees, balancing debt recovery with consumer protection guidelines.

find out more

Medical Bill Debt Forgiveness Letter

An England & Wales document formalizing medical debt forgiveness for financial hardship or charitable care programs.

find out more

Letter To Creditor To Verify Debt

An England & Wales legal document requesting debt verification under the Consumer Credit Act 1974.

find out more

Letter To Credit Bureau To Remove Medical Collections

An England & Wales legal document requesting removal of incorrect medical collections from a credit report.

find out more

Letter To Attempt To Collect A Debt

An England & Wales legal document formally requesting debt payment compliance before pursuing legal action.

find out more

Letter Of Release From Collection Agency

An England & Wales document confirming the termination of debt collection efforts and release of collection rights.

find out more

Harsh Collection Letter

An England & Wales legal notice warning of impending legal action for unresolved debt.

find out more

Hardship Letter To Collection Agency

An England & Wales legal document requesting debt relief due to financial hardship, proposing alternative payment solutions.

find out more

Global Debt Recovery Letter

An England & Wales legal document for international debt recovery across multiple jurisdictions.

find out more

Firm Collection Letter

A formal document in England & Wales confirming part-time employment details for official and legal purposes.

find out more

Final Notice Of Debt Recovery

An England & Wales document formalizing agricultural employment terms, ensuring compliance with farming-specific legislation.

find out more

Deletion Letter Collection Agency

An England & Wales document verifying a driver's employment history and credentials for professional and legal purposes.

find out more

Debt Violation Letter

An England & Wales legal document detailing employment terms, required by law before employment commencement.

find out more

Debt Validation Letter For Medical Bills

A formal document in England & Wales verifying employment and salary details for official purposes.

find out more

Debt Validation Letter After 30 Days

An England & Wales document verifying an individual's employment history for official and legal purposes.

find out more

Debt Settlement Offer Letter

An England & Wales document confirming the absence of an employer-employee relationship for tax and legal purposes.

find out more

Debt Settlement Letter Remove Credit Report

An England & Wales legal document establishing employment terms and statutory rights between organizations and employees.

find out more

Debt Letter To Creditors

An England & Wales document summarizing agreed employment terms before drafting the full employment contract.

find out more

Debt Lawsuit Settlement Letter

An England & Wales legal document granting temporary land use rights with lease-like control and payment terms.

find out more

Debt Collector Letter Not My Debt

An England & Wales legal document granting formal access rights over another's land for specific purposes.

find out more

Debt Collection Letter For Previous Tenant

An England & Wales legal document formalizing donation terms, conditions, and compliance for philanthropic partnerships.

find out more

Credit Repair Letter To Collection Agency

An England & Wales legal document formalizing significant charitable donation commitments and ensuring compliance with relevant legislation.

find out more

Collection Letter For Medical Bill

An England & Wales legal document formalizing asset division in divorce under the Matrimonial Causes Act 1973.

find out more

Collection Dunning Letter

An England & Wales legal document detailing the division of assets and financial obligations post-divorce.

find out more

Cease And Desist Letter To Original Creditor

An England & Wales legal document formalizing child custody arrangements for separated parents without pursuing divorce.

find out more

Cease And Desist Letter Debt

An England & Wales agreement granting exclusive distribution rights and obligations in specified territories.

find out more

Debt Validation Notice

A formal notice under English and Welsh law requiring creditors to provide debtors with specific information about their debt and their rights to dispute it.

find out more

Letter To Creditor For Payment Arrangement

A formal letter under English and Welsh law proposing a structured payment plan to settle outstanding debt with a creditor.

find out more

30 Day Collection Letter

A formal payment demand letter under English and Welsh law, giving debtors 30 days to settle outstanding amounts.

find out more

Letter Of Intent To Collect A Debt

A formal notice under English and Welsh law indicating intention to collect an outstanding debt, including payment requirements and consequences of non-payment.

find out more

Cease And Desist Letter For Credit Bureaus

A formal demand under English and Welsh law requiring a credit bureau to stop reporting specific information or correct inaccurate credit report entries.

find out more

Cease And Desist Debt Validation Letter

A legal document under English and Welsh law demanding cessation of debt collection activities and requesting formal debt validation.

find out more

Business To Business Collection Letter

A formal payment demand letter used between businesses in England and Wales to collect overdue accounts while complying with UK commercial debt legislation.

find out more

Aggressive Collection Letter

A formal written demand for payment under English and Welsh law, used as a final attempt to collect outstanding debts before legal proceedings.

find out more

Credit Card Cease And Desist Letter

A formal legal notice under English and Welsh law demanding that a credit card company or debt collector cease specific activities or communication.

find out more
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it

2 Docs LeftAccess Now