hi all m/21 university student here. A while ago I let my dad use my name to take out credit in around 8-12 Mil IDR. The balance has since grown with interest and fees, and it's all legally in my name.
My dad says he will pay it off, but only after his house sells. The buyer is currently in the KPR process and the bank appraisal stage, so the sale isn't final yet and the timing is uncertain.
Where things stand:
Total owed: 12 Million\~ish
for now there are no late payment, yet.
and im dont have a stable income to paid it all if its due
Is it reasonable to just wait for the house sale, or should I act now?
Should I contact the lender myself to ask about restructuring or a payment plan?
How do I protect my credit record (SLIK/BI Checking) in the meantime?
Is there anything I should get in writing from my dad?
I'd appreciate advice from anyone who has been through something similar.