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Updated 9 months ago on . Most recent reply

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Vivek Kumar
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27
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People with poor credit but seems due to living on cash

Vivek Kumar
Posted

So I got a tenant application who has a credit score of about 520 and same for spouse. No debts and almost nothing on credit report. It's almost blank. With a few inquiries from auto dealers. 

they shared 3 months bank statement and cash app summary showing 10,000 per month coming and withdrawal as well as withdrawal so maintaining close to 0 balance.  They mentioned they live debt free and don't ever buy on anything on credit.  

my house rent would be 2300. I showed them and they looked nice with good car, good dressing. 

Though I feel like leasing them but still like not sure. Happy to provide more info if someone can guide on this 

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John Clark#3 Market Trends & Data Contributor
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Quote from @Vivek Kumar:
Quote from @Kerry Noble Jr:

So they live a debt free life but have a car note???

That’s what I see 
Hard pass. Bad credit scores. Debt in collections. No reserves. Prior landlord info doesn’t match reality.  Who’s the prior property manager?
How many ref flags do you need?

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