Credit card debt consolidation programs give you the option to customize your payment options to a certain extent. For instance, once the bank agrees to your proposal of debt settlement and your unpaid liabilities are reduced by a certain percentage; you can discuss the payment terms with the bank. The most important part of the payment terms is the size of the per month payment. If you think that the size of per month payment is unmanageable for you, you can mention this point and apply for smaller payments.
However, it is not necessary that the bank accepts your application. It depends on the convincing power of your settlement consultant and your financial situation. If he is able to prove that you cannot afford the monthly installment, the size will be reduced. However, this increases the interest amount which would be paid by the loan taker. Hence, you should remember this point.
Under one condition, there are high chances that the bank would lower your installment amount. This is when you are near the state of bankruptcy. To verify this situation, the bank checks your account status. If you are actually approaching insolvency, the company providing credit card debt consolidation programs would accept your application as it cannot afford the risk of losing all the money. You should only apply for the reduction of monthly installments if you can financially afford to so. Some people who are unemployed choose this option so that they can get a new job and pay their installments comfortably.