Entrust America Provides New Solutions To Consumers Affected By Supreme Court’s Ruling

ERLANGER KY – “Entrust America’s commitment to improve financial literacy and assist consumers in building and maintaining strong credit scores has become more vital in light of a recent U.S. Supreme Court decision”, says Entrust America’s President and Founder Ken Stoll.

At issue was whether insurance companies were required by the Fair Credit Transactions Act to disclose to consumers that they did not qualify for the lowest insurance rates due to their credit score. In a unanimous judgement earlier this week, the U.S. Supreme Court ruled that insurers were not required to notify consumers that their insurance premiums may be higher due to their credit score.

“Consumers can best protect themselves against high insurance premiums by using a credit score monitoring system or a credit score recall program to immediately improve their credit score”, says Mr. Stoll. He goes on to add, “the Supreme Court placed the onus on the individual to be aware of their credit score and take steps to protect and strengthen their personal credit profile.” Entrust America offers a wide range of services which provide new and innovative solutions to consumers.

The Supreme Court overturned a San Francisco-based 9th district Court of Appeals decision that would have been a win for the consumer. American consumers lost a degree of legal protection and now must individually take steps to protect themselves against being penalized by the nation’s insurance companies. The majority of consumers are not aware that most insurers only offer their best rates to individuals with top credit scores.

Those who can least afford to pay higher insurance premiums tend to have the lowest credit scores. According to the Washington Post, “(those with low scores) are young, minorities, immigrants or members of ethnic groups that avoid use of the traditional banking system. They end up paying high rates and fees.”

Insurance bills for those with low scores can be costly. “The low credit score penalty is steep, adding perhaps as much as 50 percent to an insurance bill”, says Birney Birnbaum of the Center for Economic Justice in Austin, Texas.

If consumers want access to the best insurance rates, their only recourse is to maintain a high credit score and take steps to ensure their score is protected. The Supreme Court decision removes the burden of full disclosure from the insurance companies. Consumers need to be made aware by companies like Entrust America and its network of business partners that they may pay more to insure their home, auto, life and property because of a less than pristine credit score.

About Entrust America

Erlanger, Kentucky based, Entrust America, Inc. was established in 2005. The company provides consumers with innovative credit score advisory and enhancement services along with identity theft protection, which are marketed exclusively through its nationwide network of independent business partners.

Entrust America believes in reforming the credit reporting system which many view as unfair to hard working Americans. The company is leading a grass roots movement to level the playing field to benefit consumers. Entrust America supports consumer education and is involved in helping consumers understand the complexities of the credit system.


www.entrustamerica.com

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