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.
There is no standard amount for an earnest money deposit. Sometimes a seller will request a minimum amount, but in general, it is up to the buyer to decide. Since the check is cashed when the contract is ratified, the funds for the amount need to be liquid.