<human>: Hi /r/personalfinance,

I'm using throwaway because of reasons. 

Some background: I'm 25, just out of Uni. 6 months ago I started living and working in UK and am currently earning ~£1.7K a month. 

My parents live in Poland now and are terrible with money. It started by my grandfather not being able to take any more loans so he asked my father and mother to take loans to have their business afloat. From what I know they have taken about ~£250k in loans and the debt collector wants to sell their business.

It seems that according to them it it's my turn to 'chip in' to the family business in order to save it. They would like me to take a loan equivalent to about £32k so they can pay off this debt collector.

My mother told me that she is planning to pay off this 'new' debt in two years but somehow I don't believe her. I know that I should not under any circumstances take this loan for my family and ruin my credit history and probably my whole future. On the other hand this is my family and it seems that this company is the 'last chance' for them.

I really could use your advice^^and ^^a ^^hug ^^:|

Can you condense the text into a few key points?
<bot>: I was asked by my parents to get a loan for them (~£32k)  to 'save' family business. Could use some advice.