TouchPoint's Zero Security Deposit Program (Obligo):
As a benefit to TouchPoint's residents, we have partnered with Obligo Inc. to offer qualified applicants our Zero Security Deposit Program.
Obligo, Inc. (www.myobligo.com) offers a subscription-based billing authorization service called the "Obligo Service" to residential tenants. This service can be used instead of a security deposit. Landlords allow eligible tenants to subscribe to the Obligo Service instead of paying a security deposit. If a tenant is approved for the Obligo Service, the landlord agrees to accept the tenant's subscription as a replacement for the security deposit.
- Deposit-Free Technology Is Finally Here: We understand that moving costs can add up. To help reduce costs we encourage our most qualified renters to apply for our Zero Security Deposit Program. Ask about Obligo’s deposit-free service when your lease application has been approved.
- You’re Good For It: You are not required to pay a security deposit at this property. Instead, you can give a pre-authorization, allowing your property manager to bill you up to a limited amount, just like a security deposit.
- 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.
- Don’t Spend It All At Once: 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. Unreasonable charges may be disputed – just like a conventional cash deposit.
- Deposit-Free Living Starts Here: When it’s time to pay your security deposit, you’ll receive a secure link to join Obligo, with more details about this service. For more information, you’re welcome to visit www.myobligo.com
https://youtu.be/mnrW1-d7woM
If you are not approved for the program or do not wish to participate...you can still pay your required security deposit through Obligo's website found in the email sent to you.