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Sara Williams talks about Debt in the UK vs the US

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Synopsis

Sara Williams is a debt adviser in London, England. She set up her personal website, Debt Camel, five years ago, wanting to provide good information about debt in a more approachable, easy to read manner than official debt advice websites. She now blogs about everything to do with debt and credit ratings in England, from improving your credit score for a mortgage to asking for a payday loan refund for unaffordable lending. Her aim is to answer common questions with as little jargon as possible.   Welcome!   [2:6] In the US one of the biggest debt problems is student loans, what does the typical millennial struggle with in the UK when it comes to their money? Didn’t used to be a problem at all back in the day, however 20 years ago the loans started coming in 10 Years ago they really started getting high Typically you only need to pay what’s affordable Some advisors believe it puts off a lot of people from wanting to go to university [6:16] What is a debt management plan and how does it work? Get a list of