June 29, 2009
Tracking Down Illinois Unclaimed Property – Part 1 of 2
(Part 1 of 2)
In May of 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 standing between the cash and its rightful owners is the knowledge that it is out there waiting to be claimed and the ability to track it down.
Sadly beyond just Illinois, state treasury departments across the nation keep on taking in more unclaimed money annually than they hand back to the citizens. Because 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 the handful who have come to accept the truth about unclaimed cash, the best way to track these monies down eludes them most of the time.
The Prairie is State is one of those rare states that holds over 1 billion dollars on its own, which means if you are a resident of Illinois then you have even greater 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 more than 10 million names on the state's Illinois database.
(to be continued)
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