Maldon resident Jeff Mathews says his new business is about bringing essentials and luxuries to those who otherwise might be excluded through no fault of their own. Essential rental rents out household essentials to anyone at low cost including those with poor credit history. Jeff believes that for many people it’s almost impossible to escape from a bad credit history. The Cycle goes like this. You have not had credit so you are assumed a higher risk. When you apply for credit and get turned down, that rejection goes against your Credit history. Consequently, you may only get credit at a higher interest rate.
It gets worse. It maybe nothing to do with you, it maybe circumstances, like a break up in a relationship, or you have moved home too much, or even one of your creditors have not managed your file correctly.
For people in this cycle it can be a daunting task just to get the Essential Appliances for day to day living. Without cash and no credit facilities trying to buy a fridge can seem a struggle,
Jeff Matthews the owner of Essential Rentals has been there. “I was running a business and had an excellent credit rating, unfortunately my now ex-wife had secretly taken out credit cards in my name and somehow managed to max them out, the consequences were catastrophic. I lost my flat so became homeless, and was made bankrupt, she had even borrowed money from friends and family and maxed out my son’s credit card. I had to start over again. Luckily I had the support of a brother and his family with a spare room otherwise I would have been on the street.”
That wasn’t the end of the story. I got a job and a managed to rent a flat but couldn’t afford to furnish it or even get a cooker because my credit rating was so poor, and for another 6 years I was still having problems.
I have been fortunate in being able to get back on my feet, so I hope to help others that may be in a similar situation. Essential Rentals will look at your credit rating and your bank statements but we also listen to your story as to why you are in your particular situation. Hopefully we will help you get that TV, Fridge, Freezer, Bed or New Sofa you need And you get a new replacement every two years fully serviced and fully guaranteed.
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