Top 10 Reasons Why Money Goes Unclaimed And Why Missing Money Exists
If you are finding it increasingly difficult to pay your bills or your mortgage, you might want to conduct a search for missing money. It is said that nearly eight in ten Americans are owed some form of this free money, but where does it come from? Here are ten reasons why you might find missing money coming to you.
- Abandoned Bank Accounts: Believe it or not, bank accounts do get abandoned. Oftentimes the person feels there isn’t enough money in the account to close it. The money then builds due to interest and the money becomes missing money that the person can then claim later on.
- Utility Deposits: Did you receive every utility deposit you paid through the years? You might want to check to see if you can find missing money just in case.
- Final Paychecks: If you were mailed a final paycheck from one of your jobs, but you didn’t receive it in the mail, you might find that you have a hefty sum out there. The final paycheck is usually mailed to your house. If you didn’t fill out a chance of address form, the check would have been mailed to your previous address and the money would then be considered unclaimed or missing.
- Insurance Payouts: You might have received an insurance settlement from a vehicle accident or some other mishap. When an insurance payout fails to reach you, it is usually sent back to the organization where it is then sent to the state to hold as missing or unclaimed money.
- Court Settlements: It might be possible that the court awarded you money that you’re not aware of. This is often the case when people find missing money this way. You never know, you might have thousands of dollars or more waiting for you from a court case that happened years ago.
- A Relative’s Estate: A rich old uncle passed away and left behind millions of dollars in missing money. And guess what? You’re the only living rightful heir. Stranger things have happened.
- Rental Deposits: Did you rent an apartment and you never received your deposit back? You might want to check. Many people never read the fine print on the lease that states how much you should receive back from the apartment, provided that everything is clean and just the way you found it. Some apartments refund the entire deposit if everything is clean. Did you rent one of those places? There’s only one way to find out.
- Tax Refunds: You might find that the government is holding onto some missing money for you. You might find that you have several years’ worth of tax refunds. Wouldn’t that be a great day?
- Safe Deposit Boxes: Just like people abandon bank accounts, people abandon safe deposit boxes all the time. The property can then be sold and liquidated, or you might find missing money inside the box. This is a very common way for this type of money to go missing.
- Or Anything Else: That’s right. The sky is the limit when it comes to reasons why there might be missing or unclaimed money waiting for you out there. You never truly know if you have money out there until you conduct a thorough search. Luckily, that search is incredibly easy.
By using your first and last name, you just might find missing money that comes from one of the above ten reasons or any others. Hopefully you’ll find some missing money coming to you so that you can pay your bills and make life just a tad bit easier.