Finding Unclaimed Money Now Easier
- Author Nicole Anderson
- Published August 1, 2010
- Word count 519
‘Unclaimed money’ has achieved a new magnitude altogether for last couple of years. As the amount of unclaimed money started swelling in the state coffers, treasurers were out asking citizens to come forward and stake their claims.
Almost every American has one or the other type of unclaimed cash or monetary property in their name. It is a shocking fact that there are around $33 billion worth of unclaimed cash with the U.S. government and other state organizations.
The major amount of unclaimed cash results from uncashed checks, utility deposits, dividends and escrow accounts that people forget or neglect to collect. It is observed that many people do not collect some part of their wages after quitting the job in the middle of the month.
Many subscription and memberships of clubs, organizations, services, etc also leave balances that are unclaimed by the members. Many people have utility and security deposits with institutions and fail to collect these while terminating the service or moving away from that area.
Inform Your Whereabouts
People move out of town or out of their current living area without informing all the business associates, banks, utility service providers or other agencies. When banks find an inactive account they send reminders to the account holder but fail to get a response as the letter is returned owing to the unavailability of the person at the specified address. The account is declared inactive, is closed and the balance becomes unclaimed cash.
Many checks and memos go undelivered owing to shifting of residence. A responsible citizen is requested to inform his or her neighbors and colleagues about the new address so that the letters and checks can be redirected to reach you correctly. Leave your contact numbers with them so that they can inform you about it.
For the protection of the citizen’s rights "State Laws" require institutions like banks, investment companies, utilities and other businesses to surrender inactive accounts to the state. All the states in U.S. have set up departments that handle unclaimed cash.
Until a person claims their money, these departments act as custodians to these lost funds. The state departments return the money to the rightful owners once they prove their entitlement for the amount.
Easy to Claim
Finding unclaimed cash in your name is easier than expected. Most of the states publish the list in local newspapers. Search for your name in them. Citizens can also contact the state treasurer’s office to find out whether their name appears in the database.
However, online searches for the lost money or unclaimed cash in your name are an easiest option. Website like www.cashunclaimed.com facilitate online search for unclaimed money in your name across databases of various states.
Many people have been able to find their lost money due to this user friendly service. www.cashunclaimed.com has turned out to be a very helpful option for Americans who want to find out unclaimed money that is rightfully theirs. The site also offers tips and guidance about preparing and forwarding your claim. Finding your lost money has never been so easy.
There are many different resources Americans can use to find their unclaimed cash! The easiest option is www.cashunclaimed.com, which is one of the largest databases, helping Americans with a free search for their lost money. Log on to http://www.cashunclaimed.com today to locate this money!
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Effective Strategies for Paying Off Your Mortgage Faster
- How Does Equity Release Work?
- Florida First Time Homebuyer: The Indispensable Guide of Tips, Programs, and Resources
- How to Become Debit Free?
- Sellers Concession the Closing Cost Option
- Financing Short Term rentals with DSCR loans
- Why move to Roseville CA
- Simple Interest Mortgage Advantage
- Are Low Doc Commercial Loans available in Australia
- How to Obtain a Rural Agriculture Loan Quickly and Easily
- What is a Caveat Loan?
- Tips for improving your Credit Score before getting a Home Loan
- 3 Things To Look out for With An Equity Release Mortgage
- Manage your Debts by Refinancing your Current Home Loan
- How to Get a Home Loan with Unusual Employment or Income?
- 20 Effective Debt Consolidation Loans Tips with Bad Credit
- Tips for Choosing a Non Conforming Lender
- Why is a Good Credit Rating Important in Australia?
- Most Common Ways That People Fall Into Personal Bankruptcy
- How to Choose a Consumer Credit Counseling Agency?
- Consolidate Your Debts and Take Control of Your Finances
- How to get a Home Loan due to a Bad Credit Report
- Debt Consolidation Home Loans are a Solution to Multiple Debt Problems
- Facts You Should Know About Low Doc Home Loans in Australia
- No Doc Loans from Private Lenders
- Home Loans to Consolidate Debt for People with Bad Credit
- How Can I Get a Mortgage If I Have a Bad Credit History?
- Guidelines to Fix Bad Credit Effectively Through Dispute
- Dealing with Debt – What to know about Debt Consolidation
- Investing In Yourself Before Investing in the Market