Credit Builder

Build your credit by paying rent

Credit Builder can help improve your credit score by an average of 45 points in 1 month*

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*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.*

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*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

Put simply—you’ll pay your full rent amount through Credit Builder like you normally would to your property. Behind the scenes, you’ll receive a secure line of credit equal to your rent amount and that line of credit will be used to pay rent to your property. Your line of credit will be paid off with the money you already provided through Credit Builder.
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How Credit Builder works

Put simply—you’ll pay your full rent amount through Credit Builder like you normally would to your property. Behind the scenes, you’ll receive a secure line of credit equal to your rent amount and that line of credit will be used to pay rent to your property. Your line of credit will be paid off with the money you already provided through Credit Builder.
Start now

Impact each part of your credit score

There are five factors that contribute to your credit score. Our unique approach to using a secured line of credit to pay your rent enables Credit Builder to impact each area to help build your financial future quickly.

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%

Since your Credit Builder credit line is fully secured, it will show a $0 balance owed against it. This reduces your total debt compared to your available credit, which can improve your credit 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.

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

There are five factors that contribute to your credit score. Our unique approach to using a secured line of credit to pay your rent enables Credit Builder to impact each area to help build your financial future quickly.

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%

Since your Credit Builder credit line is fully secured, it will show a $0 balance owed against it. This reduces your total debt compared to your available credit, which can improve your credit score.

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.

*There is no processing fee when paying with a debit card. An additional 2.5% processing fee applies when using a credit card. 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.*

*There is no processing fee when paying with a debit card. An additional 2.5% processing fee applies when using a credit card. 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.

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FAQs

Here are a few of our most frequently asked questions.

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.

A secured line of credit allows you to borrow money from a lender up to a certain amount, and the amount of available credit is replenished as you repay the loan. You provide a portion or all of the money you are borrowing upfront as collateral for the loan. This reduces the risk of going into debt but enables you to build your financial wellness by consistently paying back the balance on-time. This can be a valuable tool to help you build credit.

Credit Builder can help improve your credit score by an average of 45 points in 1 month*.

The first time Flex reports your line of credit to TransUnion will be at the end of a month. So if you utilize Credit Builder to pay your July rent, that will be reported at the end of July and you should see an impact on your score shortly thereafter.

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.