Perspective Tenant with Prior Bankruptcy, Thoughts?

[Vishal P.]

I have someone interested in an apartment that has low credit score (high 500s, I require 675) and verbally told me about a declared bankruptcy about 1-1.5yrs ago. She meets the income requirement and has been with the same company for several years. I inquired if she is open to 2 months rent for security deposit since her credit is so low and she is in agreement. She mentioned she had purchased a home while back and bankruptcy was related to that. What do you guys think? Should I cut her some slack or not waste any more time?