New ABC 7 Report Alerts Californians To The State's Unclaimed Property Problem - A new report on ABC 7 highlights the $6 billion unclaimed money problem the state of California is facing.
New ABC 7 Report Alerts Californians To The State's Unclaimed Property Problem
By Nicole Anderson
Mar 21, 2012 - 1:20:51 PM
Huntington Beach, March 20th,
2012 – A new report from ABC 7 is trying to draw attention to a
growing problem California and other states are facing. The report
points to over $6 billion in unclaimed money that is being held by
the California treasury. And California is only one state, with
Michigan and Ohio holding a billion dollars and Texas holding two
billion. With so much money in unclaimed property, California, like
other states, is doing what it can to alert the public to the
problem. It turns out the current efforts aren't enough.
The ABC 7 report was published
as a way to alert the large population of Los Angeles to the problem.
Los Angeles represents one large area where a good number of people
may be owed unclaimed property. This unclaimed property can come from
uncashed paychecks, unclaimed insurance claims and estates, forgotten
about bank accounts and safe deposit boxes and many more. With so
much money being owed, any Californian could be the recipient of
unclaimed property.
The ABC report does point to
several ways California is trying to alert the public to the growing
problem. Fairs and events, radio and TV announcements and even
newspaper prints are various PR techniques California has put into
play, but the results are less than spectacular. It appears that the
public just doesn't know the money exists. It seems crazy because
California is in a financial crisis and many Californians could
probably use a supplement to their income. Will the ABC report make a
difference and point Californians towards the unclaimed money
problem? Only time will tell.
One database has emerged to
help with the growing problem, not only in California but all over
the country. Cash Unclaimed offers a free unclaimed property search
that will conduct a thorough search of the government treasuries from
all 50 states and several Federal government accounts to reveal if
the person does indeed have money waiting. Experts hope the database
can help to alleviate the unclaimed money problem California and the
other states face.
About
CashUnclaimed.com: As one of the largest databases for conducting
unclaimed money searches, Cash Unclaimed helps American citizens
search the state and Federal government treasury accounts where
billions in unclaimed property is being held. With so many ways for
people to lose money, primarily a physical move where the forwarding
address is never offered, the database hopes to help many Americans
find the money they have coming to them. For more information
regarding Cash Unclaimed and to read the ABC 7 report about the
unclaimed property problem California is facing, visit:
http://www.cashunclaimed.com/press/news-releases/abc-7-news-reports-on-unclaimed-money-find-cash/.
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