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BUS205 REPORT - loomberg Inc Ms Sydney Meersman President...

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Bloomberg, Inc April 20, 2009 Ms. Sydney Meersman President Bloomberg, Inc 100 Business Park Drive Princeton, NJ 08542 Subject: Importance of Maintain Good Credit Scores Dear Meersman: In order to improve the efficiency of our company, I have to hire some new employees for variety positions. These new employees are generally new college graduates. As a part of my screening process, I check their credit scores. I found out that many of these new grads are unaware of the importance of good credit. Although I am more concerned about hiring competent workers, I also want employees who are not unnecessarily burdened by financial concerns. Benefits of Good Credit Scores If the credit score is high enough, it deserves to be rewarded and here is what the high credit score can get you: The first benefit is lower interest rates on home mortgages and car loans. A high credit score makes you a low risk for lenders and therefore a very valuable client.
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