"San"

DrewJohn

New member
Feb 6, 2017
2
0
0
Does anyone know what this is and how it's done? I was told that it is like a savings among friends. But the details are sketchy.
 

pkaide1

Well-known member
Aug 10, 2005
539
40
48
Does anyone know what this is and how it's done? I was told that it is like a savings among friends. But the details are sketchy.
It is like a lending club between friends without paying interest. Just make sure that you know the people participating in it and how responsible they are when in come to paying money back.

If you are in it make sure that your number is the lowest as possible 1,2,3. If you can not get a low number 1,2 3 be very cautious because there are people that after they get their number, they do not want to continue paying.
 

ExDR

New member
Jul 31, 2014
421
0
0
Its a savings plan amongst friends, coworkers. Most often the first person to receive the money id the most needed, but it can be discussed who gets what when. Its a good way to get a nice amount of cash for expenses all at once while paying a much smaller amount. No interest are paid.