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.
In highly competitive markets, itâs becoming more common for buyers to waive contract contingencies regarding financing or an inspection. You might be tempted to do the sameâit will make you a more attractive buyer. But it also comes with serious risks. You guessed it: You might lose your earnest money deposit.