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 is absolutely part of your down payment and/or closing costs. Whether or not it is refundable is laid out in the terms of the purchase contract. Be certain to get clarity from your agent on anything that would impact the refund of the your earnest money if the transaction did not come together.