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.
These agents will encourage you to write an earnest money check to ratify an offer on real estate. Although technically not required, this check is an important step in the buying process. For the shrewd couple, the seller's asking price is rarely accepted straight off the line.