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Unclaimed money searches have become more common in the recent years with a greater number of people reaping the benefits of the unclaimed search process. With a lot of skepticism about the unclaimed money and the unclaimed search process, a well planned awareness campaign about unclaimed money is extremely necessary. There are many unclaimed money websites cropping up throughout the internet. Most of them offer free unclaimed money searches.
Posted: 2011-04-09
Category: Credit
Every state has been facing the unmanageable influx of unclaimed property and funds. In many cases, the unclaimed property will never be claimed. The auction money coming from these unclaimed property and funds is one of the best resources to utilize for the dormant state economic and welfare programs. In 2008, the state’s unclaimed property added over $325 million to the state coffers and estimates that unclaimed funds will provide approximately $374 million in revenues for the fiscal 2010.
Posted: 2011-03-28
Category: Credit
Most of the State treasuries are at a loss as to how to handle the growing pile of unclaimed funds. This surplus of unclaimed money in the state treasuries is getting bigger with each passing day. Major states like California and New York have reported huge amounts of unclaimed funds: $5.7 Billion and $9.9 billion respectively. Although this is great news for states in this times of economic slump, the resources and logistics required to handle the increasing surplus is also required.
Posted: 2010-08-31
Category: Finance
The large amount of unclaimed money is turing out to be a logistic nightmare for the states: trying to manage and store increasing pile of unclaimed money, while on the one hand they are fighting the economic slowdown with all their might. It is estimated that at any point of time, State governments are storing more than $40 billion dollars in unclaimed money and assets. It can be said that about 30 million Americans are believed to have unclaimed money lying somewhere in the state coffers.
Posted: 2010-08-17
Category: Credit
There's almost $33 billion in unclaimed money from old payroll checks, utility refunds, trust distributions, stocks, banking or checking accounts, certificates of deposit and the contents of safe deposit boxes waiting to be reclaimed, according to NAUPA (National Associate of Unclaimed Property Administrators). A property is considered abandoned if it has been dormant for more than three years. This type of property is turned over to the state of the last known address and the state hold this mo
Posted: 2010-08-17
Category: Credit
Federal and State agencies are unanimous in their view that the U.S. unclaimed or lost money is on rise with each passing day. The unclaimed databases are swelling with unclaimed money as new and lost money is being added at a much faster rate. While California is reporting unclaimed money to the tune of $5.7 Billion, New York’s pile of unclaimed money has swelled up to $9.9 billion. That’s such great financial news for U.S. residents in this bleak economy. As the States are taking new measures
Posted: 2010-08-17
Category: Credit
$35 billion of unclaimed money isn’t a small amount. Surprisingly, this huge cache is lying dormant with U.S. in the form of unclaimed cash. Now, almost every state treasury is full with unclaimed money. How is Unclaimed Cash Generated?Many states also have unclaimed lottery jackpots worth millions waiting for the rightful owners.State governments have taken legislative measures to protect this unclaimed cash from going back to the issuing financial institutes. Have You Left Any Cash Unclaimed?
Posted: 2010-06-23
Category: Business
