Build your credit by paying rent
Credit Builder can help improve your credit score by an average of 45 points in 1 month*
*Individual results vary. Average outcome for customers who opened a Credit Builder account for use in September 2024 with a starting VantageScore 3.0 with a credit score below 560 and made consistent, on-time payments for at least one month. Factors other than on time payments, including interactions with other creditors, also play a role and may impact results. Payment history will be reported to TransUnion. Past performance does not guarantee future results, and a credit score increase is not guaranteed.
Open new financial opportunities
Boosting your credit score can lead to better loan and credit card rates, saving you money over time. It also improves your chances of renting a home, securing lower insurance premiums, and even enhances job prospects where financial responsibility matters.*
*Individual results vary. The ability to obtain a loan/mortgage is dependent on a number of factors; credit score is only one of those factors. Not all lenders utilize TransUnion scores.
How Credit Builder works
How Credit Builder works
Impact each part of your credit score
Payment history
35%
Utilizing Credit Builder and making regular payments helps show you’re reliable, which improves this part of your score.
Credit utilization
30%
Credit mix
10%
Credit Builder can help add variety to your credit mix and show that you’re capable of managing various types of borrowing, which is good for your credit score.
New credit
10%
When your secured line of credit with Credit Builder is reported to TransUnion for the first time, it will appear as new credit.
Account age
15%
Your Credit Builder account doesn’t expire, so the longer you keep it, the better it is for this part of your score.
Impact each part of your credit score
Payment history
35%
Utilizing Credit Builder and making regular payments helps show you’re reliable, which improves this part of your score.
Credit utilization
30%
Account age
15%
Your Credit Builder account doesn’t expire, so the longer you keep it, the better it is for this part of your score.
Credit mix
10%
Credit Builder can help add variety to your credit mix and show that you’re capable of managing various types of borrowing, which is good for your credit score.
New credit
10%
When your secured line of credit with Credit Builder is reported to TransUnion for the first time, it will appear as new credit.
*Pricing and features are subject to change. For the most accurate pricing information, you can check the Flex app or contact our support team for assistance.
An affordable way to build your financial future
We charge a 0.75% finance charge when you use Credit Builder to pay your rent. There’s no additional monthly membership fee. For some customers, that’s less than they’re currently paying to process their rent payment online. You may be subject to an additional $3 property passthrough fee depending on your property.
*Pricing and features are subject to change. For the most accurate pricing information, you can check the Flex app or contact our support team for assistance.
Sign up is quick and easy
Enter your personal and property details and we’ll do a soft credit check—once you’re approved, you’ll be eligible to start paying your rent through Credit Builder.
FAQs
We partner with your landlord to make this as easy as possible for you. You simply pay your regular monthly rent through Credit Builder. Flex establishes a line of credit for you and your line of credit is utilized to send your rent payment to your landlord. We then immediately pay it off using the rent payment you sent Flex.
Credit Builder can help improve your credit score by an average of 45 points in 1 month*.
Credit Builder uses a distinct credit line that is reported as such to TransUnion. On average, utilizing Credit Builder results in a larger boost to your credit score than rent reporting as it impacts 5 aspects of your credit profile.
