What is the main purpose of Debtors Anonymous?

Prepare for the Fincert Certified Personal Financial Counselor (CPFC) Exam with flashcards and multiple-choice questions. Each question is complemented by hints and explanations. Get exam-ready today!

The main purpose of Debtors Anonymous is to assist individuals in stopping "debting" one day at a time. This organization focuses specifically on helping people who struggle with compulsive debt behaviors. It operates on the principle of support and shared experiences, akin to other recovery programs aimed at addressing compulsive behaviors. Members work together to overcome their reliance on debt and develop healthier financial habits.

In contrast, debt consolidation services, financial planning resources, and addressing excessive spending are not central to Debtors Anonymous. While these aspects can be beneficial for individuals dealing with debt, they do not encapsulate the primary mission of the organization, which is more about recovery and personal growth related to debt avoidance.

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