Cashunclaimed.com is succeeding in tackling the problem of unclaimed cash
Cashunclaimed.com Founder, Bill McIntosh states the mission of the website as the reunification of the Americans with their unclaimed money. A single state will offer a search through only its database. The database of the other 49 states and the federal database will not be searched.
Shockingly, the State Treasury Departments are hoarding billions and billions of dollars. The money that is being hoarded is unclaimed cash that is owed to the citizens of the United States of America. The negligence of the State Treasury Departments has continued for long but will soon come to an end. On June 1, 2007 a federal judge ordered the state of California to halt seizing cash, stocks, safe deposit box contents and other property on the grounds that the same had become unclaimed money. The Court noted that the money was not finding its way back to its original owners. To ensure that the hard earned money of individuals does not become the property of the state, CA has been asked to stop its seizing operations.
The Governments of the States have earned millions of dollars by simply not informing the people about the fact that billions of dollars belonging to the people was lying idle with them. The dispirited and unmotivated efforts to advertise about the problem did nothing to reduce the magnitude of the problem. By not informing the citizens and by suppressing information about the problem, the States have succeeded in spending billions of dollars as General Funds. Shockingly, not one cent was legally owned by the State.
However, there is hope yet. Cash Unclaimed has reunited innumerable Americans with their share of the $35 BILLION unclaimed property kitty.
Due to the lack of action by the State Unclaimed Property Divisions, the onus of advertising about the problem and the solution fell on Cashunclaimed.com. A comprehensive program was identified to reach a large number of people with so that they can be educated about the problem, the precautions that ought to be taken to avoid the problem and the steps that the people ought to take to solve the problem forever.
The judiciary has done it bit by ordering the closure of the seizing of the assets. It has also ordered the revamp of the notification system to enhance its effectiveness.
Where the states have failed to inform people about the magnitude of the problem, there is a single website that has succeeded in this task. It has been very successful in reuniting unclaimed property owners with their hard earned money.
Cashunclaimed.com Founder, Bill McIntosh states the mission of the website as the reunification of the Americans with their unclaimed money. The website spends hundreds of thousands of dollars in a year to ensure its goals are met. The website is an information service that provides access to a huge database where visitors to the website can search for unclaimed money details by simply keying in their name. The website also provides tips and information on how to claim the money.
A single state will offer a search through only its database. The database of the other 49 states and the federal database will not be searched. Cashunclaimed.com recognized the flaws in this approach and has opted for a single database that contains the details of millions of individuals who are owed money in all the 50 states.
With the total sum of unclaimed cash growing at the rate of billions of dollars per annum, websites like CashUnclaimed are the need of the hour. The website boasts of one of the largest databases for unclaimed money in the world. The database contains over 200 million records of individual who are owed unclaimed money.
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Cashunclaimed.com is one of the world’s largest unclaimed money databases. It covers records of individuals who are owed money in all 50 states and also the federal databases. CashUnclaimed.com assists owners in locating and claiming lost funds.