As on date, a staggering sum of 35 Billion dollars is lying unclaimed in the United States of America. The probability of you being owed unclaimed money is very high. Oprah Winfrey proved that eight out of nine Americans are owed unclaimed money. Do you want to know the secrets to finding unclaimed money?
The first secret is a very simple one. What do you do to find something that has been lost? Search for it!! You will never find the money owed to you unless you search for it. You will have to search through the databases for the records.
You would be making a mistake if you search only under your legal name. This will cause you to miss many accounts that have a variation of your legal name. Thomas Jones may well be owed money as T. Jones or Tom Jones and so on.
While not being aware that you are owed unclaimed money is pardonable, not claiming the same even after knowing that you are owed unclaimed money is beyond forgiveness. There is no excuse for inaction when all you need to do is fill a few forms to claim the unclaimed money. Nine out of ten cases require just a few forms to be completed, signed and submitted along with proof of identification or entitlement to the money. The processing time for the transaction ranges from two to eight weeks.
The check will land in your mailbox after the transaction is processed.
What purpose does it serve if you recover the unclaimed money owed to you but the money owed to your parents, cousins or in-laws remain unclaimed? If you are searching for unclaimed money, search in the names of all the individuals you know. Once you have the information, just ask them to proceed and claim the money.
There are fifty state agencies and federal agencies that holds unclaimed money on behalf of the individuals. If you search just one database of one state, you shall be searching less than 3% of all the databases. Such a search cannot guarantee that all the unclaimed money owed to you has been claimed and repaid.
It is essential that you search a quality database. Not doing so will keep alive the possibility of unclaimed money being owed to you. A quality database will
- Contain records of all the fifty state databases and the federal databases.
- Automatically search for variations of the name keyed into the search.
- Provide additional information related to filing of claim
Prevention is better than cure. Once you have found the unclaimed money owed to you, just ensure your money never becomes unclaimed money. Keep in touch with financial institutions and companies with whom you conduct transactions. Ensure they have your updated contact information. Do not skip payments on safety deposit boxes. Keep track of all the stocks, bonds and dividends that you buy. If you have an insurance policy in your name or if you are the nominee for any policy, keep track of the same.
Now you possess all the information required to find your unclaimed money without any problems whatsoever.
Nicole Anderson offers detailed information about the problem unclaimed money at http://www.cashunclaimed.com. The database of cashunclaimed.com includes information from the state as well federal databases.
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