Why canât information be deleted from the credit report? Experian stores information from credit grantors and public records in compliance with the Fair Credit Reporting Act. When you use credit, a record of your payment history is reported to credit reporting agencies.
(Updated March 4, 2016) No. Earnest money is not necessary to make an otherwise accepted offer into a valid contract. Earnest money is a buyer-performance item required to be deposited after a contract is fully executed. A contract could become effective even if no earnest money is required in the agreement.
An Earnest Money Agreement (or Earnest Money Deposit) memorializes the amount of money in question and helps keep both parties honest until the actual purchase is made and the deed is transferred. Other names: Earnest Payment, Earnest Money Deposit, Earnest Money Contract.