Hi I am a sewing machine mechanic, It sounds to me that your top tension is off. It is a common problem for the thread to bunch up at the bottom when the top tension is off. The grater risk is that when the thread vigorously catches on the bottom hook it opens doors for greater problems. Such ad the bobbin case breaking or chipping or the timing shifting off. Inspect your bobbin case(drop in type for your model) and make sure the thread is fitted between the two plates on your tension. If your tension is excessively tight the thread wont bind between the plates which would result in your problem. Make sure the tension is just right and the thread binds between the two plates.
Ben m
http://www.sewingmachineryrepair.com