Best if
You’re looking for more flexibility with your cash flow
Best if
You want to improve your credit score quickly
How it works
Flexible Rent uses an unsecured line of credit to defer a portion of your rent amount to later in the month.
How it works
Credit Builder uses a fully secured line of credit to pay your rent. You’ll provide a portion or all of the money you are borrowing upfront as collateral for the loan.
Impact to your credit
Helps to build your payment history—an important part of your credit profile—by reporting your on-time rent payments.
Impact to your credit
A faster way to build your credit with rent. We designed Credit Builder to impact each area of your credit profile.
How you pay rent
Split into two payments
How you pay rent
Pay in full
Pricing
$14.99 monthly membership plus a 1% bill payment fee on your total rent amount
Pricing
0.75% finance charge on your total rent amount
Best if
You’re looking for more flexibility with your cash flow
You want to improve your credit score quickly
How it works
You pay part of your rent up front. Flexible Rent uses your funds plus an unsecured line of credit to pay your full rent to your property on time. You pay back what you borrowed later in the month.
Credit Builder uses a fully secured line of credit to pay your rent. You’ll provide a portion or all of the money you are borrowing upfront as collateral for the loan.
Impact to your credit
How you pay rent
Split into two payments
Pay in full
Pricing*
$14.99 monthly membership plus a 1% bill payment fee on your total rent amount
0.75% finance charge on your total rent amount
* You may be subject to an additional $3 property passthrough fee for each month you use Flex, 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.
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.