(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 roughly $1.4 Billion 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 ability to find it.

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

The Prairie is State is one of only a few states that holds over 1 billion dollars on its own, and that means that if you are a resident of Illinois 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 Illinois database.

Even though there are quite a few more, Illinois names the following as the most common types of forgotten funds: credit balances, customer deposits or overpayments, safe deposit box contents, money orders, refunds, paid-up life insurance policies, travelers checks, unpaid wages or commissions, abandoned savings and checking accounts, bonds, stock, un-cashed dividends, mutual funds. Anyone who has had or knows someone who may have had one of these types of accounts at one time or another is encouraged to search frequently.

(to be continued)

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