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.
Earnest Money â The Process: 1  Earnest Money is submitted to an escrow company with the accepted purchase contract. 2  At the close of escrow, the EMD is credited towards the down payment and / or closing costs. 3  If there are no closing costs or down payment, the EMD is refunded back to the buyer.