The California Unclaimed Property Problem
The California state treasury is facing a massive problem: It’s holding onto six billion dollars in excess money with no rightful owners in sight. That may seem like a great problem to have, but the ‘finders keepers, losers weepers’ clause unfortunately doesn’t apply to US monetary funds. The owners of those funds must be located or else the money will just sit there. And since six billion dollars lying dormant for years could be detrimental to the economy, it’s clear something must be done. The good news is that a solution has been proposed and put into place. The name of this solution is Cash Unclaimed and it just might help California out of its unclaimed property conundrum.
Finding California Unclaimed Property
The California unclaimed property problem isn’t new, mind you, but never before has it been this substantial. A few million dollars can be easily disseminated by setting up booths that call attention to the California unclaimed property problem at one of the many state fairs that go on every year. Ads in newspapers and on TV are other ways to get rid of some of the unclaimed property on hand. Yet with six billion dollars to account for, the Treasury doesn’t have the budget or manpower to put a dent in the money that needs to go out. That’s where Cash Unclaimed hopes to make a difference.
How Cash Unclaimed Is Different
Cash Unclaimed will help any Californian (or former resident) find unclaimed property. The system will first ask you for some basic contact information. This is used to check your name against the millions of accounts listed on the California unclaimed property registry. If you’ve been contributing to the California unclaimed property problem all this time, you will instantly find out about it.
Visit Cash Unclaimed and see if there is any California unclaimed property listed in your name. With six billion to divvy out, the chance always exists that your name could be listed. Have you ever abandoned a bank account or switched jobs without collecting your last paycheck or transferring your 401K? If so, you may be adding to the California unclaimed property problem. Search Cash Unclaimed today and do your part to provide a solution.
