<prompt> Human: I was wondering what are the financial implications of this, especially in terms of credit score and my long term. Just got a job with a very average salary.Parents were heavily in debt and had to declare some sort of bankruptcy and they are considering putting me on the mortgage and having me take over payments and taking one or both of their names off. They are going to schedule an appointment with someone from the bank to discuss this sometime soon.edit: the debt and bankruptcy were declared in 2009, and my parents would assist me in the mortgage paymentsedit2: Id like to thank everyone. This was a very eye opening thread and it has more or less knocked some sense into me. My course of action will be to firmly deny any official-responsibility of my parents finances. What I will do is help them with payments as needed and help them along the way to see if there are any other ways to ease their financial burdens - without putting myself at any risk. Thanks Reddit!  <response>: Bad idea. The financial implications are if they cant pay their mortgage, youll have the privilege of footing the bill. 