Understanding Applicant's Credit Report

[Matthew Kirkwold]

I am trying to understand a credit report I am reading for someone interested in my property and I am aware that the applicant went through a recent divorce. The score is a couple points under my minimum for qualification and the monthly payments due on the debts is only around $150 a month. What is throwing me off is there is an 'account closed with balance' and the balance is a little over six figures. From reading through various articles online I can't nail down what this could be from and do not know if its related to a divorce. No bankruptcy reported so I do not understand how a person has that high of a balance they do not have to make payments on. How do I understand if these are payments the person will still be responsible for or not when considering their monthly expenses plus my rent compared to their income? Also, what are typical amounts of debts tenants have when applying? I understand if they have 3x my rent and minimal debts, they would likely qualify for a mortgage instead of renting so I am trying to learn what to expect as the norm. Thank you!