Protect Your Rights
There are billions of dollars in unclaimed funds held outside the state level. This money originates from many sources and misplaced funds are owed to 7 out of 10 people. Over time, rights to this money expire or the money is turned over to the state until claimed. Most people do not know this money even exists. To protect your rights as the true owner of these funds, you must submit a claim.
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Frequently Asked Questions
What is the source of my unclaimed funds? Your unclaimed funds are likely held
by a federal, state, county, city or town agency or
court. The money could also be help by a private
company. 90% of our clients unclaimed funds are not
being held by any State Abandoned Property Office and
can not be located from one online central database. We
are pleased to advise you of the name of the exact
source holding your funds after we receive back from you
the signed documents necessary for Unclaimed Cash
Recovery (UCR) to initiate the recovery of your funds.
Why are unclaimed funds owed to me? Typically, your unclaimed funds relate
to a payment, which was previously issued in your name
but was not presented for payment. Payments are often returned to the
issuer as undeliverable mail due to inaccurate, outdated
or incomplete mailing addresses. In some cases, the
original check may have reached the owner, but has since
been considered unclaimed because it was not presented
for payment within a required period. Another common
cause of lost payments is “name changes” because of
marriage, remarriage or divorce. Minor clerical mistakes
such as typographical errors or insufficient postage may
also result in you never having received your original
payment.
How could I not know that a payment is owed to me? Most people, by no fault of their own,
are unaware that there are unclaimed funds available for
them to claim. In many cases, this is because they never
realized that they were entitled to the funds in the
first place or although they were aware that they were
owed the monies, they never thought that they would ever
receive payment. For example, you may be owed an
outstanding payment from the Department of Energy
because of a federal rebate to which you were entitled
from purchasing a hybrid car, installing a solar hot
water heater or replacing windows. However, you may have
never been aware of such federal incentive programs in
the first place and so you never expected the payment.
You may also be due money from a company with which you
were employed several years ago that subsequently went
out of business. Since you knew that the company went
out of business, you never expected to receive any of
the wages or retirement money that you were owed. These
are just a few examples of the many instances where
owners of unclaimed funds are unaware of the existence
of such funds until they are contacted by Unclaimed Cash
Recovery (UCR). Most government agencies have only minimal requirements that they are bound by with respect to locating the owners of outstanding payments. Moreover, these economic times make it exceedingly difficult for government agencies, with very limited resources and significantly reduced staff, to expend the additional capital to implement programs in order to locate the beneficiaries of missing payments when such expenditures are not mandatory. Your money is earning the "holder"
money, so there is little incentive for them to locate
you. The names of owners of property held
by State Abandoned Property Offices are generally
publicized on either a State sponsored website or in a
newspaper. Conversely, the names of the owners of the
majority of unclaimed funds that Unclaimed Cash Recovery
(UCR) identifies are not publicized. Additionally, the
process involved for individuals to both identify and
claim small property amounts from State Abandoned
Property Offices is typically free and simple (larger
sums often require the assistance of an attorney).
However, the process involved for individuals to both
identify and claim property that Unclaimed Cash Recovery
(UCR) has identified as belonging to them often involves
research and legal fees and is generally complex.
Moreover, an owner typically does not permanently lose
his or her right to recover funds held by State
Abandoned Property Offices. In many instances, Unclaimed
Cash Recovery (UCR) identifies outstanding payments from
sources of which our client's right to claim funds may
be extinguished by the passage of time. Such funds must
be recovered within a prescribed period or the client
risks forever losing the right to claim their funds.
Therefore, it is crucial that an owner file a timely
claim in order to prevent the permanent loss of their
funds. Another difference between the two categories of
unclaimed property is that most funds held by State
Abandoned Property Offices originate from an unclaimed
payment owed to the owner by an independent third party,
such as a bank, retailer, insurance company or utility
company. On the contrary, the original issuer of the
majority of the unclaimed funds that Unclaimed Cash
Recovery (UCR) identifies as available for recovery is a
government agency or a representative of a court. Unclaimed Cash Recovery (UCR) will
advise you as to whether your funds are currently held
by a governmental agency or court or by a private
business. Additionally, if Unclaimed Cash Recovery (UCR)
is aware of the date that the original payment was made
Unclaimed Cash Recovery (UCR) will also disclose that
information to you. However, as Unclaimed Cash Recovery
(UCR) has invested significant financial resources and
time in researching and identifying these funds as well
as verifying that you are the rightful owner of these
monies, to protect our interest, Unclaimed Cash Recovery
(UCR) will not disclose the exact location of your funds
until an agreement is in place and you have returned to
Unclaimed Cash Recovery (UCR) all the necessary recovery
documents.
Will my right to claim this money expire? Unclaimed Cash Recovery (UCR) monitors
federal, state, county, and municipal jurisdictions
where statutes of limitations require owners to recover
unclaimed funds within a prescribed period. Once this
period expires, these owners’ rights to recover their
property will be lost forever. For example, payments
that originate from federal agencies must be claimed
within six years from the original issue date or you
will lose your right to claim those funds. There are
also many counties and cities where after a four-year
period they are permitted to 'extinguish' the liability
on their books and then keep your money. Nonetheless,
even if there is not a time limit during which you must
claim your funds, it is always beneficial to act
promptly. The faster you recover your money the sooner
you will regain control over how your funds are used. How is Unclaimed Cash Recovery (UCR) paid? At Unclaimed Cash Recovery (UCR), we’re proud of the fact that we don’t hide our fees, or try to get you to pay anything in advance. That’s right- there are no hidden costs and we NEVER charge you upfront fees. Here’s how it works. You fill in the
FREE SEARCH form on our website. We’ll then do a
completely FREE search for you. If you do not have any money due to
you, we’ll contact you and let you know that you don’t
have any money coming, but that you should check back
because many of the “money due” lists are updated
monthly. You will be charged nothing!
If you DO have money owed you, we will
contact you with the GOOD NEWS and send you an
additional form that needs to be filled out. That form
will list our fee, which is a small 10% of your FREE
MONEY, based on established governmental guidelines.
Once you send that form back to us, we will review and
submit all required paperwork on your behalf. Imagine that- no upfront fee, no search fee, and we only get a small percentage of your FOUND MONEY! Oh, and we only are paid when you are paid! So imagine this, you are owed $950.00,
our fee is $95.00, you receive $855.00 and we did all
the work. In this economy, we am sure this money will be
put to good use. |
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