By simply participating in one of Seng savings-pool you can boost your credit score. Building up your credibility contributes to your success in applying for future invitations to join “privileged savings-pools” and or for potential investment and loans applications.
Seng compiles a unique ‘Credit Score’ that serves as an alternative proof of your creditworthiness. Credit is designed to be a proxy for trust. For individuals with limited credit history this is very difficult to build in a short-time frame. However the Seng score aims to provide an alternative way for financial institutions to evaluate your trustworthiness as a borrower or bank user.