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 no nonsense review of due diligence and earnest money in the NC Offer to Purchase and Contract. 1  Prior to 2011, earnest money was the only money that was paid up front. 2  On the flip side, sellers were not the only ones that could be hurt.