When I was studying, I failed to start a business and didn't tell my family. I owe 270,000 yuan to loans overdue, a credit card and online merchant. What should I tell my family?
I don't think you have a better choice in this situation. You can only tell them the truth, pray for their help, and then give you a hand!
There is no way to hide this kind of thing, because as time goes by, your debt will only get bigger and bigger, which will eventually affect your parents and family.