Have you ever forgotten to cash your checks?? You may have contributed to unclaimed property kitty!!
As per the current population of Oklahoma, the problem of unclaimed money is affecting one out of eight individuals in the state today. This is a shocking ratio and is indicative of the financial indiscipline of the citizens. How else could 175 Million dollars be owed to 350,000 residents??
Want to avoid unclaimed money being owed to you?? Just cash the checks on time, Ensure that the address given to the sender of the check is correct, No checks are returned due to wrong address, No checks are returned to the sender due to lack of follow up Ignoring these rules may lead to the property being classified as inactive and termed as unclaimed money!!
Unclaimed property is treated as abandoned property. The same is passed on to the unclaimed property program of the state. This is done after the statutory time period fixed for claiming the property expires.
573,000 dollars is the largest single unclaimed sum due to a resident of Oklahoma as unclaimed money.
Once the money becomes unclaimed, the same remains unutilized until the money is claimed. This takes time because of lack of awareness about the serious of the problem
Population estimates confirm that one in seven persons are owed unclaimed money.
In 2005, 12.5 million dollars of the unclaimed money was returned to those who had the rightful claim on the same. While the fact that money is being returned is admirable, the amount has to be higher to make an impact on the total sum due.
Why is the State of Oklahoma holding money it does not own?? This is so because the residents do not know money is owed to them. This problem can be solved, according to Bill McIntosh who is the founder of www.cashunclaimed.com, by informing the residents about the same.
While it may be difficult to believe, the unclaimed property that is owed to you can be yours in just eight weeks. All you have to do is claim the same. To claim Unclaimed Property in Oklahoma, you have to refer newspapers or websites on the Internet. After searching, fill in the required forms and submit the information and get your property back.
About the Author
Nicole Anderson offers information about unclaimed money at www.cashunclaimed.comwww.cashunclaimed.com. Cash Unclaimed’s database covers all state and federal databases to ensure any money owed t
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