Flex, a new service offered by some apartment complexes, allows renters to divide their monthly rent into two payments, potentially aiding with cash flow and credit history building. However, this approach mirrors "buy now, pay later" retail strategies and could indicate financial instability, especially as many Americans are already cost-burdened by rent. In 2022, over 22 million renters spent more than 30% of their income on rent and utilities, with 12.1 million spending over 50%. Services like Flex charge fees, which could make rent more expensive in the long run. Financial counselors suggest alternatives such as adjusting expenses, taking on side jobs, or seeking assistance from nonprofits or government programs for those struggling with rent.
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