Flexible rent payments improve financial stability and housing security for millions
New York City, NY – February 24, 2025 – A new 2025 Flex Financial Well-Being Survey reveals that flexible rent payments significantly improve renters’ financial stability:
💸 92% avoid late fees and penalties
🚪 82% report a reduced risk of eviction
💰 85% saved money in the past year
🏡 90% improved housing stability
With 65% of Americans living paycheck to paycheck, Flex offers a critical financial lifeline, helping renters stay on track while ensuring property managers receive consistent payments.
“Having Flex as a payment method has literally changed my quality of life. I can budget better, get my rent paid on time, and significantly reduce my financial stress.” – Flex Member
Each year, Americans pay $186 billion in late fees and penalties, often due to misaligned rent due dates rather than an inability to pay. Flex’s model allows renters to split rent into smaller, more manageable payments that align with their income cycles—reducing financial stress and preventing evictions.
“Our research shows that when renters have the flexibility, safeguards, and transparency they need, they’re able to stay on track, avoid financial penalties, and remain in their homes. At Flex, we’re committed to transforming the rental experience so that rent works for people, not against them.” said Ryan Metcalf, VP of Public Affairs at Flex.
📄 Read the Full White Paper: getflex.com/properties/resources/breaking-the-fee-cycle
📢 Sign up for updates: getflex.com/newsletter
About Flex:
Flex is a financial services company transforming the rental experience by providing innovative solutions for renters. Flex enables online rent payments, rent splitting, direct rental assistance and credit building, simplifying the management of rent and improving financial health. Trusted by over 2,000 property management companies and available in more than eight million units nationwide, Flex has facilitated $14.8 billion in on-time rent payments for over 1.4 million renters. Learn more about Flex at www.getflex.com.
Flex line of credit issued by Lead Bank. Visit getflex.com for more info. All brokering activities are performed by Flexible Finance Brokering, Inc.
Contact:
Ryan Metcalf
VP of Public Affairs, Flex
Email: [email protected]
