What is a flex payment?

Flex pay is a type of fixed weekly compensation (with a variable overtime premium) that is sometimes available to employees who work a varying number of hours each week. Typically, some weeks will require more than 40 hours, and other weeks will require less than 40.

Is flex a good app for rent?

Flex ideally works great for renters who live paycheck-to-paycheck, as long as the cost of the service isn’t hurting them too. While it depends entirely on your own financial situation, Flex should be able to help plenty of people take more control over their rental.

Is flex rent safe?

Flex protects your information with bank level security. Your data is protected with 256-bit encryption and never stored on your devices.

Does Flex rent build credit?

With Flex, residents build credit score through doing what they already do – pay their rent! Enroll your property with Flex. Integration is quick and painless.

Can you cancel flex rent?

In order to cancel your Flex account, simply use the CANCEL button within the Flex app. You can also reach out to us at [email protected]. Deactivation requests will be completed if submitted prior to the last day of the calendar month at 5pm EST.

What credit score is needed for flex rent?

As a general rule, you’ll want a credit score of 620 or higher to secure a rental. But there’s no hard and fast number: it varies by landlord, and it’s only one factor in your rental application.

What happens if I don’t pay Flex?

You can continue to use Flex as long as you reschedule all missed payments. Full payment must be made during the same month as the missed payments, otherwise we will not be able to cover rent for any upcoming months.

Can I cancel flex rent anytime?

How do you qualify for Flex?

Flex evaluates your eligibility using a variety of factors including your credit report information, your banking information, and other information about your payment history. Generally, customers who are fair or better credit, with sufficient deposits and average bank balances will qualify for Flex.

Does Flex hurt your credit?

During the application process, Flex runs a soft credit check on the resident which does not affect their credit score.

Do you need good credit for Flex?

Good credit isn’t necessary for approval Even if you have fair or bad credit, you can still get approved for a flex loan. Many lenders will look beyond your credit score when considering your application. Note that you may have to meet other requirements, such as showing a steady proof of income.

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