Debtors Anonymous (DA) is a twelve-step program for people who want to stop incurring unsecured debt. Collectively they attend more than 500 weekly meetings in nine countries. Those who compulsively incur unsecured debt are said to be engaged in compulsive debting and are known as compulsive debtors.
DA encourages careful record keeping and monitoring of finances—including purchases, income, and debt payments—to get a clear picture of spending habits. This information is used to develop healthier spending practices, supporting one in keeping a reasonable quality of life while still repaying debt. Similarly, DA recommends developing plans for the future to increase income.
DA's program is intended to facilitate a progressive personality change in its members, ultimately transforming their world views and changing their behaviors. Many DA members only partially accept the ideology of the organization. Parts of DA's program, such as stigmatizing labels used to describe members, may actually hinder acceptance of DA's ideology.
Read more about Debtors Anonymous: Development, Membership, Concepts, Changes in World View, Parallel Organizations
Famous quotes containing the word debtors:
“I never heard of an old man forgetting where he had buried his money! Old people remember what interests them: the dates fixed for their lawsuits, and the names of their debtors and creditors.”
—Marcus Tullius Cicero (106–43 B.C.)