Honestly, it feels even less final than that. From what I can gather, knowing next to nothing about loans and shit, this looks like they secured financing. This is a financing agreement, and doesn’t that mean that they just owe money to someone else? The lien was removed because someone else fronted them the money, no? Maybe an actual adult that has bought a house or a car can speak on this.
When I made the last payment on my student loan I got a similar letter. Something along the lines of “it appears you have made your last payment, but we still need to review the account to confirm. If you dont get another invoice from us then it’s all good.” I then got an invoice for about $1 which was the interest that gained on the account from the time I mailed the last cheque and the time they cashed it.
I’m going to assume this person sent in something that looked like a payment which triggered the “looks like you made your last payment” letter but then accounting realized the payment was phony and sent an invoice.
I did the same in my mid 30s. It’s called money management. It’s a skill that has mostly been lost to us boomers.
