September 1, 2010
Find IL Unclaimed Money – Part 1 of 2
(Part 1 of 2)
In May 2007, Illinois State Treasurer State Treasurer Alexi Giannoulias stated that the state's "Cash Dash" program currently holds almost 1.4 Billion dollars in Illinois unclaimed money. The only thing getting between the cash and its rightful owners is the knowledge that it's out there and the knowledge to find it.
Sadly in addition to Illinois, state treasury departments across the country keep on taking in more unclaimed money each year than they hand back to the citizens. Because everyone believes in the old "if it's too good to be true" saying, most people refuse to believe that there are truly tens of billions of dollars that can be claimed nationwide. Even for the handful who have learned the truth about unclaimed properties, the best way to track these monies down eludes them more often than not.
The Prairie is State is one of only a few states that holds over a billion dollars on its own, and that means that if you're a resident of Illinois then you have even better odds of locating a claim in your name, especially when you factor in that the state has just under 13 million people and there are over 10 million names on the state's Illinois list.
Even though there are many more, Illinois lists the following as the most common types of forgotten funds: unpaid wages or commissions, abandoned savings and checking accounts, bonds, stock, un-cashed dividends, mutual funds, credit balances, customer deposits or overpayments, safe deposit box contents, money orders, refunds, paid-up life insurance policies, travelers checks. Anyone who has had or knows someone who might have had one of these accounts at some point in the past is encouraged to search often.
(to be continued)
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