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.
The terms of the purchase contract will also be weighed in determining when the earnest money shall be deposited by the broker. For example, if the contract provides for the earnest money to be deposited upon acceptance of the offer, the duty to deposit will not begin until the offer is accepted. If the contract is silent on this point, the earnest money should be deposited within 24-48 hours after receiving it.