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barber1982

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Rafter

Your parents appear to be taking out a secured loan on their property to pay off credit card debts.

As they are close to retirement this is a bad move probably, as they will have a big debt bill to service on a reduced income.

Do you know if your Dad is going to get a good pension?

Credit cards are unsecured debt, they may be better off declaring themselves bankrupt and taking the consequences rather than potentially losing their house.

Not much you can do about it on your own though - you somehow need to work out how to talk to them about it.

Good luck.

R.

barber1982

Thanks for the reply. Im not sure about my dads pension i think this is really out of my hands i will speak to my siblings i know they are also worried. Thanks again