You might want to take back your unclaimed funds before they expire. This is the message most state treasurers are hoping to send to the hard working men and women of their respective states. Right now unclaimed funds are expiring across the nation. These expiring unclaimed funds come from a variety of sources, but they all will be expiring before we know it. The only solution is for everyone with money in this game to step forward to claim what’s rightfully theirs. If you think that you might have unclaimed funds in your name, you might want to act quickly before they expire.
Archive for the 'Unclaimed Funds' Category
Several states are joining in on an initiative to discover lost funds and it’s about time. If all fifty states put their combined unclaimed funds into a pot, along with the fed and their income tax unclaimed funds initiatives, the amount would easily amount to the billions of dollars – maybe even trillions. With so much money flowing in constantly, it’s a little hard to tell. Now the states are finally doing something about it by starting unclaimed funds initiatives across the country where anyone with an Internet connection can discover lost funds.
Unclaimed Funds Initiatives – It’s About Time
The United States recently avoided going over a fiscal cliff, but the country is facing another fiscal crisis not often talked about. The US Treasury is currently reporting a balance of nearly $60 billion dollars. While that number may sound great, it’s not when you consider the balance sheet comes from the country’s unclaimed money account.
With almost $60 billion in unclaimed funds to contend with, Treasury officials have a major job ahead of them if they hope to contact and alert the millions of people on the unclaimed registry list. This is why the country is urging all Americans to find your unclaimed funds on your own. The quicker you search, the faster you’ll find your share of all of that money currently stacked to the walls in Treasury vaults all across the country.
You would think with California’s economy in such dire straits that state officials would use all the money at the state’s disposal to try and rectify the situation. Yet the state still has millions of dollars in unclaimed funds sitting in its treasury coffers. Unclaimed funds in California are growing out of control, this according to local news affiliates that have picked up the story here and there throughout the years. The state could use the money, but yet it just sits there collecting dust, not doing anyone, the State or the individuals it belongs to, any bit of good. What can we do about this situation but watch it grow further out of control?
Many parents are forced to pay child support and it would be nice if that money actually went directly to the child. Unfortunately, this is not usually how this ends up working out. When a court passes judgment on a defendant in a child support case, that money has to be paid to the court first and then it goes to the care giving parent. Sometimes that money never quite reaches the parent and it ends up becoming unclaimed funds that the state just holds onto. It isn’t until the rightful owner comes forward to claim these unclaimed child support funds that the money can be released.
There are many different sources of forgotten funds these days, and each of these sources are just trying to make sure that the rightful owner of the cash eventually gets it. These funds can be turned in by retail stores, banks, financial institutions, insurance agencies, government institutions and many other sources. PayPal has even started turning in money from closed accounts that has gone unclaimed for many years. The main problem that seems to be going on here is that there are only a few different ways that the money can be matched up with its rightful owner or owners.
Free money is out there and waiting for you to claim it. Have you ever had an account with the electric or utility company and moved? Have you ever had a bank account? How about an IRA, 401K, or any type of investment that was tied to a former job?
Where do you think that money goes? It goes into larger funds that can be distributed back to you at your request. You just have to find it and ask for it back. You can find free unclaimed funds in just a few minutes by typing information into a database and hitting the send button. The trick is to use the right database, and finding one that is accurate and reliable can quickly become a tedious chore.
During these difficult economic times many people struggle to pay their bills, often going without the basic necessities in life. What they don’t know is that there are billions of dollars of unclaimed funds waiting to be claimed. This money may have been sitting in federal or state accounts for years. To find unclaimed funds, Cash Unclaimed offers assistance to those who may be eligible for an income tax refund, VA benefits, an inheritance, or possibly a refund from HUD or even old savings bonds. There are certain requirements that must be met before a claim can be made though. Those filing for money owed to them must have a valid birth certificate, a valid social security number, proof of United States residency and be at least 18 years old.