<prompt> Human: throwaway for obvious reasonsI am looking for some advice. I am 30 with wife and single child. I am in a situation that I am unfamiliar with, so I am looking for advice and am slightly panicked. So forgive the rambling. I am buying a house from my parents for an agreed upon amount that was contractualized 3 years ago. We have had some unexpected difficulty, and are now in a difficult spot. The agreed upon purchase amount is 290,000. We are going to be seeking complete financing which is offered by my credit union, but my credit score is in the high 500s. Currently renting the house from my parents at 1750month. Current yearly salary is 107k.401k is at 88000. I currently have a 25k credit card that is near its limit, but have kept payments under control. 2 Car payments. 315month with 4900 remaining.70month with 700 remainingWe have a 3 other credit accounts open due to unexpected problems, I have APR is high on all accounts, but are all within the free financing for x months Outstanding balances are as follows. All credit usage on accounts is 20-30 of available.800300150028k in school loans. Monthly payment is 250.I am trying to figure out a course of action to get approved for this loan, or at least how I should approach getting a plan for getting everything under control. Assistant: 25k credit card that is near its limit 2 Car payments. 315month with 4900 remaining. 70month with 700 remaining 3 other credit accounts open 28k in school loansYou are nowhere near ready to buy a house. You need to get your debt under control first. Youre kidding yourself if you think you are in the right place to make this move.Human: I dont think I am ready, but I am not the one looking to purchase the house. I am getting pressure from my parents. So I am trying to find a plan to get all this under control.  <response>: Your parents can sell to someone else for market value highly unlikely the house hasnt appreciated from 290k 3 years agoIts not a great financial decision for you right now 