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.
For example, a contract states the closing will take place on the 30th but the buyers must have the loan approved by the 20th, verified by the VA lender. If not, the seller can not only keep the earnest money but cancel the contract and accept another offer.