ELI5: Explain Like I'm 5

Debtors Anonymous

Debtors Anonymous (DA) is a group of people who come together to help each other manage their money and get out of debt. It's kind of like a club for people who are having trouble paying their bills and need extra support.

When someone joins DA, they become a member and start attending meetings with other members. These meetings usually happen in person, on the phone, or online. At the meetings, members talk about their struggles with debt and share advice and tips for managing money better.

DA members also have a set of guidelines and principles that they follow, which include things like being financially honest, living within their means, and not taking on unnecessary debt. These guidelines help members stay accountable and focused on their goals of getting out of debt.

One of the most important things about DA is that it's completely anonymous. That means that members don't share personal information like their names or financial details with anyone else. This helps people feel more comfortable and safe sharing their struggles without fear of judgment or embarrassment.

Overall, Debtors Anonymous is a supportive and non-judgmental community that helps people get out of debt and take control of their finances.