- Since 1 December 2001, have you taken out a personal loan, credit card or mortgage?
- If so, you may have been mis-sold Payment Protection Insurance (PPI)
- You could be owed £000s in compensation
- The average claim value for mis-sold PPI is £2,500
The Financial Complaints Bureau, together with the Financial Services Authority and the Citizens Advice Bureau, believe millions of Payment Protection Insurance (PPI) policies have been mis-sold to consumers who didn’t want or need the insurance, or didn’t even realise they had been sold it!
Consumers who have been mis-sold PPI are entitled to receive compensation. If you’re concerned ASDA mis-sold PPI to you, then help is at hand.
The Financial Complaints Bureau are experts at winning compensation for our clients mis-sold PPI by ASDA. If you have a valid claim, we can help you win compensation too, on a ‘No Win, No Fee’ basis.
Worried you were mis-sold PPI?
At The Financial Complaints Bureau we will review your claim(s) and identify whether you were mis-sold PPI. If we think you have a valid claim(s), we can fight your case and demand that compensation is awarded to cover any losses which you have incurred as a result.
The process is quick and easy – all you need to do is apply online through our website using our new super-fast online application form – the process will take less than ten minutes to complete per claim. You’ll need to answer a series of questions that will help us to establish if you have a valid PPI claim. The Financial Complaints Bureau follow the Data Protection Act and we’re legally obliged to protect any personal information you provide.
The average compensation payment is £2,500 and most claims usually take around 8 to 12 weeks to complete.
We keep it simple…
Claiming compensation is as easy as 1, 2, 3!
1Submit your claim(s) online through our website using our new super-fast online application form.
2Once you’ve submitted your claim(s) online we’ll post some forms for you to sign and return to us; this gives us your written permission to act on your behalf.
3Then leave it to us to fight your case. We fight your corner and aim to recover the maximum amount of compensation to which you are entitled.
Historically, ASDA’s presence was predominantly in the north of England. So in 1989, it purchased Gateway Superstores for £705 million to expand into the rest of the UK, but it soon found it was in financial difficulties. This led to the ASDA Board seeking money from shareholders in both 1991 and 1993. Over the next several years the company’s fortunes took turn for the better and in 1999 it was purchased by American supermarket giant Wal-Mart for £6.7 billion. Wal-Mart decided to continue using the ASDA name.
In 2005, ASDA managed to expand into Northern Ireland after it purchased several Safeway stores from rivals, Morrisons.
In 2009, as part of a finance re-structuring exercise by parent company Wal-Mart, ASDA was sold to a subsidiary company of Wal-Mart, Corinth Services Limited, for £6.9 billion. ASDA effectively remains under the control of Wal-Mart. It is presently the second largest supermarket chain in the UK, second only to Tesco. Most of ASDA’s stores remain located across the north of England.
ASDA followed Tesco’s and Sainsbury’s lead when it moved into providing financial services several years ago. ASDA does not actually provide the finance products and services it promotes in its stores and online. Rather, it simply attaches its name to products provided by other financial businesses; insurance is provided by Aviva; credit cards by Santander; and loans by the Funding Corporation. Consumers who wish to purchase ASDA’s financial products do not actually receive financial advice from ASDA employees. Instead, they contact the supplier of the product itself by postal application or over the phone. The financial services arm of ASDA is also accountable for gift cards, Christmas saver and business rewards.