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Your parents may benefit from speaking with a certified credit counselor. A credit counselor can provide them counseling on debt, budget and housing issues. Your parents may also need a little more supervision of their monthly income in which a representative payee would be in order. Representative payee services get appointed by Social Security to manage the monthly income of those who cannot do this on their own. Payees get their income directly and pay their bills on their behalf. Payees also provide them with weekly spending and food money to ensure they have enough funds to last the entire month as well as pay the bills on time. This is a very sensitive matter to discuss with your parents but something they will benefit from for a long time.
Source: www.moneymanagement.org (Credit Counseling)