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Unclaimed Money Talks





Did you know that over $35 billion of unclaimed assets which are owed to millions of United States citizens are going to the government? Laws force banks to return unclaimed cash from dormant accounts, unused gift cards and un-cashed checks. No effort is made to locate the rightful owners of these unclaimed assets. And now the states are considering using this unclaimed money for their own budget problems.

There are untold billions of dollars of unclaimed government money owed to individuals throughout the United States for reasons as simple as they forgot about their missing money or didn't even know they were owed any money. Often this happens because of death, illness, and poor record keeping. And its up to you to find out if money is owed to you.

It has been said that around 90% of Americans are owed unclaimed money that they are not aware of. Why might you be owed money? Here are just a few possibilities:

-IRS: Unclaimed individual tax refunds.
-FDIC: The Federal Deposit Insurance Corporation could owe you money from an account held at a failed bank.
-Credit Union Shares: A failed Credit Union that was covered with federal insurance.
-Unclaimed Private Pension Benefits
-Thrifty Savings Plan: You may be owed money from the federal employee retirement plan Thrifty Savings Plan as part of the federal employee retirement plan.
-Railroad Retirement Funds
-American Indian Trust Funds: Many American Indians are owed money being held in trust by the federal government.
-War Claims Program
-Vietnam Claims

Consider California. In that state alone the amount of unclaimed funds has reached over $5.5 billion. It is estimated 20% of the population has unclaimed money. With the states eager to benefit such these unearned assets from the unclaimed property it is clear that they no interest in locating the rightful owners.

To find out if you are owed unclaimed money contact you local, state and finally federal governments. It can be tough working through the bureaucracy but it would be worth it to find some unclaimed money owed to you, right? Alternatively, there are paid services that will search the records for you. Either way, don't let your money languish in some government office; claim it!
About Author Ray Eddings :

Ray Eddings is a freelance writer.  This article written on behalf of Unclaimed Money Talks.  To learn more about unclaimed money or how money talks visit http://unclaimed-money-talks.com.


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Article Added on Thursday, July 30, 2009
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