what is a debt repayment plan

The term debt repayment plan is self explanatory enough. It refers to the strategy that a debt consolidation/credit counseling agency offers to debt burdened people. The plan suggests a specific monthly payment for the debtor. This amount is sent to the debt consolidation company and the company in turn disburses the amount among all the creditors.

Debt repayment plan also offers some budgeting tips like how to manage all the financial resources. Sometimes the plan asks debtors not to accrue any more debts on the accounts that are under the consolidation program too.

http://www.debtconsolidationcare.com/repayment.html

BTW, there are some specific repayment plans for student loans offered by federal government. You might like to visit this page for more info on student loan repayment plan-

http://forums.debtcc.com/forums/repayment-plans.html