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.
Earnest money is used to cover all or part of the buyer's funds needed to close, such as down payment, purchase price and closing costs. In the event a buyer or seller fails to fulfill his obligations and the transaction does not close, the buyer and seller must agree on how to use the deposit.