Any advice would be welcome

Shakeyuk

Hi there i hope i can use this site for some helpful advice. Right im 27 and my wife is 25 im on minium wage and get paid £800 per month my wife is training and gets paid £400-500 per month we dont pay rent but we have a £25.000 loan with barclays which costs us £432 per month. Now we also run a part time business which im hoping to start running full time but i need to raise 15k to do so. I have a bad credit rating and the house we are living in belongs to my wifes parents. We owe argos over 1k and visa around £800. I turn over around 2k per month part time and about 500 is profit. I was thinking of getting a loan to pay of all my debts but i cant get hold of that sort of money.
Any ideas?

jonesMUFCforever

Do a SOA for us to see your income and expenditure.
Income between you is £1250 av per month so where does this go on?
We know about your Barclays loan and other bits and pieces but I don't think you will get unsecured loan of above £25k.
You don't say how you accumulated the debts but have you got more money coming in now than going out?
What is the business you are doing part time?
To be honest with your level of borrowing I would certainly not be thinking of giving up a secure job to go it alone.