<prompt> Human: First of all, please direct me to the correct subreddit if there is another one better suited for this type of question.Okay so my parents make around 80,000 combined, my mom making up about 75,000 of that. They are horrible with finances. My dad doesnt really work and doesnt have very many skills to find work. I think what he does is somehow take out money from a loan shark and then pay it off with money that he takes out from a casino maybeprobably illegal?. I dont know how this is necessary since they live in a small apartment and shouldnt have this kind of money problem. My father basically keeps his finances secret from everyone. He is obviously sick and has some type of thinking problem and maybe has a secret addiction. Well, theyre horrible finances finally caught up to them and he reached a limit on the money he can borrow and has become very desperate. Now, their three children including myself are trying to find a way to help them get a new start and begin fresh. We have been talking about the three of us pitching in what we can, to help them clear all of their debt and start over. That includes taking out a lot of student loans, and maybe giving them a credit card that will be dealt by us. Basically, Im asking if there are any other options or anything we can do. I know there arent a lot of things we can really do besides them bringing their expenses down and their income up but Im thinking that maybe someone else has been in a similar situation and knows of better options. Any thing I can read up on or watch? I know the obvious answer is saying oh well theyre screwed but we are trying to have an intervention with them so they can live frugally and we can help them live without that debt that is ruining their lives. Something has to be done asap because my father has maxed out every option. Thank you for any helpEDIT: Thank you everyone for the great advice and heartfelt messages! I will discuss these options with the family.  <response>: Contemplating taking out student loans to bail out your dads loansharking debt is absolute insanity. Dont do it. You will absolutely regret it for the rest of your life. 