I’ve been getting email from them and my apartment complex. Flex is a new #payment options where they take your #rent and divide it over two to four payments. But of course flex has it own #fee.
So essentially Flex pays your rent with a fee and you pay flex back. Sounds good right.
But I did some digging because they are pushing this so hard.
Come to find out, Flex is horrible. It doesn’t tell you how much the fee is until you sign up. Once you sign up it’s damm near impossible to get out of it.
So let’s say you need to split September rent, but in October you are fine. You still have to go thru flex and pay the fee.
Then I found this article. Not only could the lady not get out of flex, she ended up owing them about 1k in fees.
That #article also states that Flex as a #business has 1 out of 5 stars on BBB. Their customer service is damm never nonexistent.
But I think we are missing a bigger issue. #Apartments are pushing flex because they know people can not afford the rent. And because people can’t afford the rent there are more #evictions and loss of payment. So instead of lowering the rent they push flex. They want it to seem like they are helping when they are not.
Most people get evicted and the apartment never get their money. 7 years later it falls off your credit report.
So to keep people in these buildings and to keep a steady income they offer some shit like flex.
It’s #predatory and will most likely leave a #tenant in worst standing than before.
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