Moving a payment to a future month is strongly discouraged due to the requirement of making a full payment for the total amount due each month. Failing to fulfill this obligation will result in the suspension of your ability to use the Flex line of credit from Blue Ridge Bank, N.A., or Lead Bank for rent payment in the subsequent month.
If you proceed with rescheduling your payment to a future month, the following outcomes should be noted:
- You'll be able to utilize the Flex Credit Line for next month's rent solely after fully settling your balance by the end of the current month.
- Rescheduling your payment will entail an additional monthly membership fee.
- Adjusting the payment schedule might influence your eligibility for reactivating the Flex Credit Line in the future.
Furthermore, it’s essential to understand that Flex reports your payment history to TransUnion, and any instances of late or missed payments could have a negative impact on your credit score.
Explore further details about missed payments in this section, and account suspension information here.