We are looking to borrow £20-£25k to consolidate some debts (£10k)and take some money for home improvements (£10k) We currently own our home which is valued at £320k . Age 40& 38. I have some missed payments on utility bills , an over my overdraft limit for 3 months and my husband has previous payday loans outstanding. We are Both employed earning approximately £45k a year total income.
is this something that we could consider? Are internet rates very much higher than high street banks?
Thank you for any help in advance