Asda PPI Claims, History and More
Asda is arguably the biggest and the cheapest supermarket in the UK and they have been growing and doing very well in recent years. Their history goes back to the 1920s though when a group of Yorkshire dairy farmers formed Hindell’s Dairy Farmers ltd.
After a number of different acquisitions, in 1949 they changed their name to Associated Dairies & Farm Stores Limited. The Asda name came about in 1965 when they merged with the Asquith chain of three supermarkets and Associated Dairies which brings us nicely back around to Asda, which is an abbreviation of Asquith and Dairies.
During the 1980s, Asda Stores Ltd was a subsidiary of Asda MFI plc following a merger between both Asda and MFI. With their stores based mainly in the North of England, Asda began to expand further south in 1989 by buying the large format stores of rival Gateway Superstores for £705 million.
10 years after this, Asda would be the subject of a buy out from Walmart who, on July 26th 1999, bought Asda for a whopping £6.7 billion and that saw all 229 of their stores go with them.
Modern Day and Asda PPI
Coming in to the modern day and Asda launched their own financial services, similar to the likes of Tesco and Sainsbury’s, where Asda simply attaches its brand to products provided by other companies to make them more appealing to customers. They offer a wide range of services like insurance, credit cards and loans.
They were also offering these products whilst mis-selling Payment Protection Insurance, or PPI as it’s become known as. That’s right, Asda, a company whose strap line is “Saving You Money Every Day”, which has also landed them in the news, has been mis-selling PPI on a mass scale to their customers.
Many people have had a credit card or a loan with Asda Money. If you are one of these people, but you’re unsure whether you’ve had PPI, we can carry out the necessary checks directly with Asda to find out, so you don’t have to.
Paperwork or no paperwork, you can still launch an Asda PPI claim with us today. Simply fill in our online claim form to the right hand side of this page and we will send you out a PPI claim form. Once, you’ve sent it back to us you can sit back and relax while we work on settling your claim for you.