Seems sketchy, have to take into account the low credit score. 

Few things I notice when having credit discussions with clients...1) Try not have have max utilization of a charge card / credit card / etc. be over 30%.

Number one: You should just lower the credit score a bit.

When it comes to pulling credit and background checks, TransUnion SmartMove is a solid option for independent landlords—it’s easy to use, FCRA-compliant, and the applicant pays the fee directly.

The bank letter of credit guarantees the bank will pay the amount of money required.

I am currently looking into applying for a credit card in hopes of liquidating the credit limit via bank transfer, and I am curious if anyone has experience doing that.Main concerns:1) How badly does it ding personal credit?

Due to this credit score has taken a major hit and we are about to lose a multi-million dollar house.

My perspective is that if applicants had good credit they would buy rather than rent. 

I would be paying off any and all credit card debt first as that's going to be the highest interest rates.

Look at the credit report, there is probably a LOT more going on!