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How flexible rent payments improve financial stability and housing security
Renters across the United States face growing financial challenges, particularly those living paycheck-to-paycheck. Rising rent, stagnant wages, and a lack of financial flexibility create a precarious situation where even minor disruptions—such as late rent payments—can have severe consequences, including eviction and, in the worst cases, homelessness. This paper evaluates how flexible rent payments—such as those offered by solutions like Flex—can empower renters by breaking the cycle of late fees and rigid payment schedules, ultimately fostering financial stability and housing security. By aligning rent due dates with income schedules, flexible rent solutions give renters greater control over their finances while also helping property managers maintain consistent rental income, reduce delinquencies, and lower eviction rates.
92%
avoid fees or penalties
82%
reduce their risk of eviction
87%
reduce their need to borrow money
92%
avoid fees or penalties
82%
reduce their risk of eviction
87%
reduce their need to borrow money
92%
boost their long-term financial health
92%
boost their long-term financial health
77%
significantly improve their ability to manage finances and pay bills
77%
significantly improve their ability to manage finances and pay bills
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Flexible Finance, Inc. (“Flex”) is a financial technology company, not a bank. All lines of credit, banking services, and payment transmissions are offered by Lead Bank. An application and credit assessment are required for approval. Credit line amounts vary based on eligibility (graphics are illustrative only); to access a credit line, you are required to make timely payments each month. Unsecured lines of credit are provided for a recurring monthly membership fee of $14.99 at 0% APR. A bill payment fee of 1% of your total rent is also charged when you pay your rent using the Flex app (additional card processing fee applies when using a credit card). Memberships automatically renew until canceled. Secured lines of credit are provided at 0–9% APR based on your credit worthiness. You are required to maintain a security deposit with Lead Bank. Other third party fees may apply. See your offer for more details. Positive rent payment history and information about your line of credit may be reported to one or more national credit bureaus. Terms and conditions apply. All loan proceeds are disbursed by Lead Bank; neither Flex nor any of its subsidiaries disburse loan proceeds or engage in the movement of consumer funds. Brokering activities are performed by Flexible Finance Brokering, Inc. Servicing and collection activities are performed by Flexible Finance Servicing, Inc.
Licenses
Flexible Finance Brokering, Inc., Nationwide Multistate Licensing System (“NMLS”) ID #2599800
Flexible Finance Servicing, Inc., NMLS ID #2256673
*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.
