LoanCheck Foundation hits 40,000 enquiries

Since its inception in February 2008, nearly 40,000 people have registered and are using LoanCheck.

John Whittaker, chief executive officer at the LoanCheck Foundation, says: “We have already assisted many thousands of consumers over the last few months alone. We have seen a huge upsurge in the number of consumers utilising our free service, we believe that this surge is due to the recent confirmation of overcharging and miss selling.”

This comes at a time when the Competition Commission has found that people buying Payment Protection Insurance are being over charged by 1.4bn a year.