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.
Never give an earnest money deposit to the seller. It doesn't matter if the seller is the Pope; don't do it. Make the deposit payable to a reputable third party such as a well known real estate brokerage, legal firm, escrow company, or title company.