@meesh1070 I think talking to your parents is a good start but whether it will change them or not it’s hard . Either way they may not have the capacity to pay due to their age and the size of the debt .
Then the effort should be best focussed on growing your income . How can you grow your income either by 20% or 30% or more every few years .
One way is by changing jobs which may not be easy now due to the economic condition
Second is to look at career growth at your current place . Have you talked to your boss on opportunities to move up and the possible income growth that comes with moving up . Consider planning for a promotion once every 2 years or 3 years to facilitate your income jump .
Third is by doing a side gig for additional income . This may need some time to materialise but you may consider to start now .
If they have credit card debt maybe consider they shift it to AKPK as one choice .
If you have a house loan and want to minimise interest can consider to refinance the credit card debt into your house loan . That will extend your payment and lower your expenses as credit card have higher interest rate .
If you expect to own the house subsequently it can be said you are paying it off this way . This could give you a clean slate and they need to manage it better going forward .