The brief history and explanation of unclaimed property
Unclaimed money has been around since the 1800s. Unclaimed property divisions were created, by the government, to protect consumers from scrupulous business practices.
Unclaimed money is based on; 1) "inactive personal and business accounts", 2) "extended inactivity on a personal and business accounts", or 3) "the original holder was unable to find the original owner(s), or their “heir” of the money”.
If an account is inactive, or has any inactivity between 3 to 7 years, and a credit balance remains; the balance will eventually be turned over to government, as an “escheatment”, but a “refund” to the original owner(s), or their heir(s).
Most federal, state, and possibly; local governments have an unclaimed property division, that most people know absolutely nothing about. There is over 100 billion dollars that is being unclaimed.
How does it work?
If a business shows a credit balance, within their accounting, for a personal or business account, they must eventually “escheat” that credit to government, within a certain period of time, which becomes a “pending refund” for the original owner(s), that was unable to be found.
If the business doesn't “escheat” the credit balance, to the government, they will be penalized, financially, by the government. The role of the government, regarding unclaimed property, is to find the original owner(s) and return the money.
Some government agencies “authorized”; small, self-employed companies, as “Refund Processing Specialist”, “heir-finders”, or “investigators” to find the original owner(s), family members, entitled person(s), or heir(s), to help process and return the refund.
Type of accounts
What type of accounts are “escheated” to the government as unclaimed money; pensions, life insurance, uncollected law suits, unpaid accident claims, escrow check deposits, stocks, bonds, old savings account, old checking accounts, worker compensation benefits, credit balances, overpayments, unpaid invoices, death benefits, commissions, court settlements, bankruptcies, endowments, garnishments, gift certificates, inmate trust funds, interest checks, IRAs, layaway deposits, CD accounts, vendor payments, earthquake insurance refunds, royalties, salaries/wages, money orders, traveler checks, annuities, dividends, municipal bonds, mutual funds, securities, warrants, and many other types of funds?
If you had an account with a monetary value, and you can't find it. It was more than likely turned over to the government. The problem is; which government agency?
Over 23 Years Experience.
About 1 in every 7 people have unclaimed property. Financial Claims Researcher has been processing unclaimed money for over 23 years, with no complaints, so far. There is over 100 billion dollars in unclaimed money.
Over 90% of Americans that are entitled to the money, do not know that it exists, and over 95% of Americans that know that it exists, won’t claim the money. Unfortunately, the fraud epidemic in our country, has tainted the trust of people, to the point that they will not attempt to claim their own money.
Government agencies are no longer paying interest, but they are collecting interest on your money, as you collect nothing while it is unclaimed. Collect interest on your own money; by investing it, take a vacation, pay for someone’s college education, pay some bills, buy a new stove, buy a new house, use it as a down payment on a car, or give it to charity. The government can always print money, you can't.
Future “rumors” about unclaimed money.
There has been rumors that some government agencies are trying to change the laws regarding unclaimed money. It is rumored that a “senate bill” is looming to assume complete control of all unclaimed monies, because of the extended periods of holding the money, and the lack of processing of claims by the original owner(s), or their heirs.
In other words, the government may be trying to seize complete control of your unclaimed money, for themselves. If you don't claim it, you may lose it, eventually.
Financial Claims Researcher has recovered money for thousands of people. We've recovered money to help people save their homes. We've recovered money to help people pay their rent. We've recovered money that people didn't know they had. If in doubt, check out the testimonies, “below”. So, do your due diligence in researching our company, because the money is real.
