About Buy.it.Together

Buy It Together is a web application designed by CrediTracks, Inc. which enables users to pool and save funds with friends to buy large purchases without using interest or going into debt. The money saved can be used to buy anything from a Macbook laptop to going on a trip to paying off student loans for college the funds collected can be used for anything!

Here is how it works: A group of friends come together to form peer savings circles where they agree on contributing equal amounts of money over intervals in a given time period (every week per month, every month per year, every month per six months, etc). At the end of each time interval, a user will take the entire accumulated funds for himself once, and it continues till each user receives his share. The group itself decides the order of turns and amount of money contributed. At the end, if the user wants, CrediTracks will report his activity to the credit bureaus, which improves his or her credit worthiness and credit score.

This system of pooling and saving has tremendous benefits because it develops not only a deeper level of trust among friends and family, but also lets the user acquire a larger amount of funds he otherwise would not have been able to get by himself without getting mired in debt or interest.