Build your credit by paying rent
Credit Builder can help improve your credit score by an average of 45 points in 3 months.*
Build your credit by paying rent
Credit Builder can help improve your credit score by an average of 45 points in 3 months*
*Individual results vary. Average outcome for customers who opened a Credit Builder account with a starting VantageScore 3.0 with a credit score between 580–620 and made consistent, on-time payments for at least three months. 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.
Save money
Get the most credit
Credit Builder impacts each aspect of your credit score for maximum improvement.
Build credit easily
Each month you pay rent on-time is an opportunity to grow your credit score.
Track your credit score
Keep a pulse on your credit score and watch it grow with our in-app credit monitor.
Save money
A higher credit score can save you money on future purchases like car and auto loans.*
Get the most credit
Credit Builder impacts each aspect of your credit score for maximum improvement.
Build your credit history
Each month you pay rent on-time is an opportunity to grow your credit score.
Track your credit score
Keep a pulse on your credit score and watch it grow with our in-app credit monitor.
*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.
Credit Builder is more than just rent reporting
When you pay rent through Credit Builder, you get rent reporting plus your rent is paid via a secured credit line. Flex reports each item to TransUnion separately, so you can get extra credit for your on-time rent payment.
Credit Builder is more than just rent reporting
When you pay rent through Credit Builder, you get rent reporting plus your rent is paid via a secured credit line. Flex reports each item to TransUnion separately, so you can get extra credit for your on-time rent payment.
Impact each part of your credit score
There are five factors that contribute to your credit score. We’ve designed Credit Builder to impact each area of your credit profile 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%
When you use Credit Builder, we report 0 utilization against your credit line, to be as beneficial as possible to your score. A lower credit utilization rate 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.
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.
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.
How it works
Sign up for Credit Builder
Enter 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 to your property with Flex!
Pay your rent amount to Flex
You will pay your rent through Flex instead of directly to your property. Flex will charge your card on file for your rent amount.
Flex pays rent to your property
Once we receive your rent payment through Flex, we’ll use the secured line of credit to pay rent to your property on time. We’ll then apply your next payment to pay back your line of credit.
Get credit for paying rent
Your regular payments to Flex and $0 credit balance will be reported to TransUnion, helping you build your credit score each month. Use Credit Builder each month and we’ll keep reporting on your behalf.
An affordable way to build your financial future
*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
*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.
Open new pathways for your financial future
*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.
Open new pathways for your financial future
*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.
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 3 months*.
Credit Builder uses a distinct credit line that is reported as such to TransUnion. Rent reporting is a separate entry to TransUnion that Flex also sends on your behalf, assuming you didn’t opt out, when you use Credit Builder. On average, utilizing both reports results in a larger boost to your credit score than just rent reporting.
