A Paid in Full Letter From Debt Collector is a crucial document in the debt collection process under Irish law, issued when a debtor has completely satisfied their financial obligations. This document is typically used after the successful collection of a debt, whether through a single payment or completion of an agreed payment plan. The letter serves multiple purposes: it provides the debtor with official confirmation of debt settlement, helps prevent future collection attempts on the same debt, and can be used to update credit reports. In Ireland, this document must comply with various regulations including the Consumer Protection Act 2007, the Central Bank's Consumer Protection Code 2012, and data protection laws. The letter includes specific details about the original debt, payment confirmation, and clear statements about the account's closure, making it a vital document for both the debt collector and the debtor in formally concluding their financial relationship.

1. Sender Details: Full name, address, and registration details of the debt collection agency

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

3. Account Information: Original creditor name, account/reference numbers, and original debt amount

4. Payment Confirmation: Statement confirming receipt of full payment, including the amount received and date

5. Debt Settlement Declaration: Clear statement that the debt has been paid in full and the account is settled

6. Credit Report Update: Confirmation that credit reporting agencies will be notified of the debt settlement