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.
(3 reviews). The amount of earnest money, one puts down in an offer situation, often sends a message to the seller about how serious the potential buyer is about purchasing the property. 1% of the offer price is usually a minimum expectation in many areas of the country.