Deposit-Free Technology Is Finally Here
There is no need to tie up your funds. The days of your security deposit money being locked away, collecting dust, are over. Residents who qualify for Obligo are not required to pay a security deposit with SCUDO. Instead, you can give a pre-authorization, allowing your property manager to bill you up to a limited amount, just like a security deposit.
You’re Good For It
Obligo will securely test your bank account and available credit to see if you qualify for the deposit-free option. If you don’t qualify, or if you prefer to pay a conventional cash deposit, you can do so using the same online process.
Obligo members have used the deposit money they saved for savings, to invest, or to reduce debt.
You're Still Accountable
If your property manager makes a charge against your pre-authorization, you will be able to pay the balance in installments using the payment method of your choice. Charges may be disputed – just like a conventional cash deposit.
Transfer your existing deposit with SCUDO to a deposit-free solution with Obligo! Qualifying residents who set up an Obligo account may use their current security deposit towards next month’s rent, or cash returned to save or invest.