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Online personal loans with monthly payments ******* Top 3 Personal Loans for Bad Credit with Monthly Payments Although a convenient and easy way to make purchases, your favorite credit card is probably a bad place to keep debt that you need to carry for any extended period of time. That’s because an average credit card charges around 17% interest — and your typical subprime card can have an APR over 25%. That’s not to mention the vicious cycle of inadequate minimum payments that can cause your interest to outpace your debt. No, when you need to finance a long-term purchase, often a better option is to take out a personal installment loan. Unlike credit cards, which can keep heaping more interest on top of your growing pile of debt, you’ll know your interest fees right up front with a personal installment loan. You also won’t be required to pay back your loan in a giant lump sum, as you would with a short-term loan. Additionally, responsible use of an installment loan can actu...