(Part 1 of 2)
Denver CBS affiliate KCNC TV reported in May that State Treasurer Cary Kennedy currently holds more than $50 million in Colorado unclaimed money. Colorado abandoned money generally come from items like dormant checking accounts, utility refunds, stocks and bonds, oil and gas royalties, safe deposit boxes, uncashed insurance checks, dormant savings accounts, mutual funds, money orders, payroll wages, dividends, security deposits. Residents who may have had one or more of these accounts or other similar types of accounts are urged to search for unclaimed money.
While it is tough for most people to believe that their fellow citizens could just abandoned or "forget" money that belongs to them, it is shockingly common. It is so common in fact that many estimate that 7 out of every 10 Americans are due some type of claim, and Colorado residents are no exception.
Even though there are tens of billions of dollars in unclaimed money across the country (tens of millions in Colorado alone), only a small fraction of it is ever claimed and millions more are added to the rolls every year. The primary reason is the fact a majority of people have never heard of unclaimed money and the few that have do not have any idea about how to locate them and claim what is rightfully theirs.
One of the first stumbling blocks that most searchers run in to is not knowing where to search. the fact is, there is no one site to search on. In fact not all searches can be done on the internet, so if you try to only use the computer, you might be missing out on some money.
Beyond not knowing what site to search, many people searching for missing money believe that one search is all you need to do. Aside from the fact that there is not one site that houses all claims, all sites are constantly updating their databases and the list of names of people owed money gets larger every year in each state. If you want to be confident that you have discovered all potential claims you ought to search regularly. Some people miss claims that were added to their state's database because they were added the day, week, month, or year after they searched.
(to be continued)
–
Ohio getting more
COLUMBUS, Ohio (WTW) — Officials say a state agency celebrating its 30th anniversary has reunited Ohioans with about $830 million they didn't realize was out there. The Division of
Better hurry up! $206m Mega Millions payload remains
Only Tuesday, a Powerball ticket sold in Georgia last summer worth $77million went
TN's electric car rebates go
Sales of Volts began in Tennessee in the fall. Jim Ransom, a Leaf salesman at Downtown Nashville Nissan in MetroCenter, said it's no surprise that plenty of
Returned unclaimed funds growing
In its 30-year history, the Ohio Division of Unclaimed funds has reunited 838,000 claimants with $828 million of their money, officials said yesterday.