(Part 1 of 2)

In May 2007, IL State Treasurer State Treasurer Alexi Giannoulias announced that the state's "Cash Dash" abandoned asset program currently holds nearly 1.4 Billion dollars in Illinois unclaimed money. The only thing getting between the cash and its rightful owners is the knowledge that it is out there and the ability to track it down.

Sadly in addition to IL, state treasury departments across the nation keep on taking in more unclaimed property each year than they give back to the citizens. Due to the fact that everyone believes in the old "if it's too good to be true" saying, most people do not believe that there are really tens of billions of dollars waiting to be claimed across the country. Even for those few who have realized the truth about unclaimed cash, the best way to track these monies down eludes them in most cases.

The Prairie is State is one of just a few states that is holding over 1 billion dollars on its own, and that means that if you're a resident of IL then you have even better odds of tracking down 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 IL database.

Although there are quite a few more, IL lists the following as the most common types of missing money: 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 may have had one of these accounts at some point in the past is encouraged to search regularly.

(to be continued)

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