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.
You have agreed to sell real estate to a buyer but the details aren't yet finalized. 1  An Earnest Money Agreement is a commonly accepted first step for property sales or rentals. It helps show that the buyer or renter is making a serious offer and often serves as a kind of down payment when the sale actually goes through.