Always short of cash?? You may not believe it but you may be owed Oregon Unclaimed Money!!!

If you are always short of cash, one of the reasons may be that some of your money is being held by the State of Oregon as unclaimed money. While it may be difficult to believe at first, the truth is that more than two hundred and twenty million dollars is in the possession of the State of Oregon as unclaimed money. The State of Oregon owes money to million so Americans and you may be one of them. The best part is that the Oregon Unclaimed money is being returned to its rightful owners. Since the first month of 2005, the State of Oregon has repaid more than eleven million dollars to rightful owners of Oregon Unclaimed Money. However, there is still a long way to go as the estimates of the Unclaimed Property Section in Oregon Department of State Lands suggests that there are more than one million individuals in the United States of America who have a claim over Oregon Unclaimed money.

The staggering statistics begs the question- How on earth did Oregon end up with so much of Unclaimed money?? Well, there are hundreds and thousands of old checking accounts in the banks in the State of Oregon that have never been claimed by its rightful owners. Further, there are many unused savings accounts that are never closed by the account holder. The truth is that the odd dollar forgotten in an abandoned savings account contributes a lot to the total kitty of Oregon Unclaimed money. Further, many individuals who had purchased stocks and forgot all about it too contribute to the kitty. Other transactions that lead to origination of Oregon unclaimed money are checks not cashed, forgotten certificates of deposits and life insurance policies, abandoned and unused safe deposit boxes etc. Hence, if you have ever dealt in any of the transactions mentioned above, do find out whether you can claim your share in the unclaimed money in the state of Oregon.

More than thirty two million dollars are added to as unclaimed money and this occurs primarily because people who were named as beneficiaries in life insurance policies or people who were awarded gift certificates or people who were receiving money before they changed their address never did anything about it. If you had opened a savings account and stopped using it after some time of if you changed jobs and forgot all about your final paycheck which was due to you, all your money is a part of the Oregon unclaimed money and is still payable to you.

Thankfully, a nation wide database exists for individuals to determine whether unclaimed money is owed to them or not. Prefer websites that offer comprehensive search of state and federal databases. Prefer websites like www.cashunclaimed.com.

The most sensible thing to do is to money and property belonging to you to lapse as unclaimed money. Prevention is better than cure and the smartest thing to do is to keep track of all your financial transactions to ensure you do not have any unclaimed money against your name.

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This entry was posted on Friday, April 23rd, 2010 at 9:54 pm and is filed under Oregon News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.