What is Credit Builder?

Credit Builder is Flex’s newest product designed to help you build your credit score. By paying your rent through the line of credit Flex offers you, your on time payments will be reported to Transunion and you can build your credit score over time.

How does it work?

With Credit Builder, you pay your monthly rent like you normally would but instead of paying it to your property, you pay Flex which establishes a line of credit for you. Flex uses this credit line to pay your rent to your landlord. Immediately after, the credit line is paid off with the rent payment you made to Flex. Finally, Flex reports your payment history to TransUnion, which helps build your credit over time.

What if I’m already using Flex to split my rent?

While it’s not possible to use Flex to split your rent and use Flex as a Credit Builder at the same time, Flex offers other alternatives to meet your needs. If you’re currently using Flex to split your rent, you are eligible to get your on time rent payments reported to TransUnion through our Rent Reporting feature in the app.

How do I sign up for Credit Builder?

You can sign up for Flex Credit Builder just like you would when applying to split your rent with Flex, but instead, you would select ‘Credit Builder’ as the type of service you want to use.  To get started, provide basic information to verify your identity and agree to the credit line terms. There's no hard credit check. You can sign up here via the web.

Anyone who pays rent online, pays on time, and wants to build their credit score can sign up for Credit Builder.

Who can apply for Credit Builder?

Anyone who pays rent online, pays on time, and wants to build their credit score can sign up for Credit Builder.