Debt Repayment Plan

A debt repayment plan is a structured approach to paying off borrowed money over time. It involves organizing your debts, determining affordable monthly payments, and setting a timeline to clear your balances. This plan helps manage multiple debts efficiently, reduce interest costs, and avoid late payments or penalties. Whether through consolidating debts or prioritizing high-interest accounts, the goal is to create a realistic schedule that allows you to become debt-free systematically and responsibly.