Flex is a monthly subscription that gives you access to a line of credit through either Lead Bank or Column N.A., Member FDIC that helps split your rent into two payments each month. When your rent is due, Flex pays your full rent to your property, and you repay in two parts—starting with your 1st payment on your rent due date.
The remaining balance is covered by your credit line and paid back later in the month as your 2nd payment.
How your credit line is determined
When you apply for Flex Rent, we run a one-time soft credit check. This doesn’t impact your credit score.
If approved, your credit line amount is based on a few key factors:
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Your credit report – This includes things like:
- Your payment history (do you pay bills on time?)
- Any accounts in collections or past bankruptcies
- The types and number of open accounts you have
- How long your accounts have been open
- Your recent credit applications
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Your credit usage (how much credit you’re using vs. how much you have available)
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Your Flex payment history (if you're a previous customer) – We look at:
- Whether you’ve made your Flex payments on time
- If you’ve had any missed or returned payments
How your rent is split
Your rent is split into two payments to make it easier to manage across the month. Most customers start around a 60/40 split. You'll never receive a credit line of less than $300. Splits are set to balance flexibility with responsible use of credit. Over time, as you build a positive payment history, you may become eligible for an even split.
Subject to approval. Results may vary.
Note: Some customers may see a different starting split under Flex's updated pricing, where fees are tied to how much of your credit line you use. Check the Fees section in your app to see which applies to you.
Ongoing credit monitoring
We use your credit profile and Flex payment history to help determine whether you’re eligible to continue using Flex Rent. This helps us ensure that your credit line stays up to date based on your financial profile.
Flex does not perform additional soft credit checks after your initial onboarding. However, we do monitor changes in your payment behavior and credit health over time. Eligible customers may see their credit line updated over time — if you're eligible for an increase, you'll see the option in the Flex app.
Learn more about credit line reassessments and how your line may change.