Friday, October 31, 2008

While most people struggle to make ends meet as they live life paycheck to paycheck, over $1 billion dollars of unclaimed money is sitting in an account waiting to be claimed. Sounds insane, I know. You're thinking, who wouldn't go get their money? Don't they want it and if not, can I have it? That's the problem though. Most people that are owed money don't know they are owed. So while you're sitting here thinking you wish you can have a slice of that billion dollar pie, a slice might already be yours.

The question is how has the bureau of unclaimed money actually accumulated all that money? Usually "deposits" come from bank accounts that are inactive or forgotten about or from utility companies that owe back money or deposits. It can also come from tangible items that were left in safety deposit boxes. Legally all that money is owed to you even if you're not there to claim it so it's forwarded to the bureau of unclaimed money until someone can either track you down or until you find out it's waiting for you. If you think there is a possibility that you are owed money you can do a search on the internet at no cost. Each state will have their own database so if you've moved around a lot make sure you check all the states you've lived in.

If you find you're not owed any money, don't fret. You can still make money through the bureau of unclaimed money by finding un-recovered funds for other people. Believe it or not there are plenty of people that would prefer someone else go through the process for them in return for a percentage of the findings. Percentages usually range anywhere from 10 to 30 percent.

If you decide to do it as a business you're biggest obstacle will not be finding your clients. That's one of the easiest parts. What will be difficult is convincing people it's not a scam or a sales pitch. Would you believe someone if they called you and said that you were owed a hundred grand and all you had to do is give them the okay to go get it? I doubt it. People assume they would know if they had money somewhere, especially in large sums. So focus a lot of effort on building up your credibility in the business. Good luck and happy hunting.

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