<prompt> Human: Hi guys, just graduated, got a job and was looking for a loan to pay for some expenses and a used car. So most p2p sites said I needed a longer work history and did not approve me for a 5000 loan although my credit score is not that bad at 701. I ended up applying online withAvant credit and they approved me with a rate of 40.79. I am reluctant to take this loan for obvious reasons. Any advice? Any other channels I can go through?  <response>: Reluctant is putting it mildly. Thats an obscenely high rate. Have you checked bankrate.com for lenders, or tried a local bank or credit union?You could get a car loan for the car find other ways to finance the remaining expenses. 