The TRAP Behind Websites With INSTANT Searches for Unclaimed Money

There is no questioning that the amount of unclaimed money or property being held by both State and Federal agencies is staggering and growing each year ? current estimate is believed to be in excess of $40 BILLION.

On the prowl for new sources of revenue, cash-strapped States are pouncing on UNCLAIMED PROPERTY by shortening the 'dormancy' period of most abandoned property and strictly enforcing their statues for holders or companies to transfer over these funds to the State's custody. If a state audit discovers the company has been laxed or under reported these funds face stiff fines. As a result in the past few years, millions of unclaimed accounts worth over a $ billion are transferred to the States each year.

With all that said, the emergence of Unclaimed Money web sites have appeared on the Internet hoping to gain from such. Some are legit and do offer a valuable service and information to assist one in locating an unclaimed or lost asset. However, many offer a useless, misleading and costly service especially those that market themselves as "FREE" and "INSTANT" searches.

Here is the 3-prong trap and how it works:

There is NO National database for unclaimed accounts. Every State has its own Unclaimed Property Division and each Federal agency handles its own unclaimed accounts. All of the former and many of the latter have online databases for one to search.

The web sites have collected a few millions names with unclaimed accounts from States' online databases that can be readily done with software that converts the online information into their own database. With more than maybe over 100 million unclaimed accounts nationwide, processing only 5 million accounts, their database will likely have 90%+ of all American last/surnames.

One is asked to insert your name into their search box?and the "Instant' result says there is i.e.) $25,000 of unclaimed money in your name. Well, there can be many/hundreds of others with your name and their software generates varies spellings or numerous first initials to inflate the dollar amount. I.e.) if your name was Cathy Stevens, the dollar amount would include ? C. Stevens, Kathy Stevens, K. Stevens etc. trying to lure you into subscribing.

The 2nd tier of the trap is more serious. They purport that they normally charge i.e.) $29.95 for a single search, but a special promotion allows unlimited searches for 30 days for only $12.95 ? a deal right?! First of all, to conduct a thorough search, one needs to be checking regularly to find any lost asset. Their database is maybe 5% of all accounts and likely never refreshed ? too timely and expensive. And no incentive, they have 90% of all surnames.

It gets better/worse. If one does not read the terms and conditions, you will be charged $29.95 at the end of the 30 day period if you do not cancel the subscription. Based on one's credit card billing cycle, one may not see the second charge (assuming you forgot to cancel) in your statement until still another $29.95 is charged to your credit card.

Last, some of these services purport a 100% money back guarantee. One gets his subscription back if the State says the unclaimed account found in their database is not yours? Their database information was lifted from the State's database. The information that accompanies the unclaimed account will definitely tell one if it is yours. One only gets a refund if the State refuses to return your rightful account. That is not legally possible. The guarantee is worthless. Plus any written correspondence to the State could take 4-6 months to confirm that the unclaimed account was never yours.

Here are the sites that offer such services. They mask themselves under various URLs, but appear to be the same according to 'Whois'.

www.cashunclaimed |
www.cashclaim |
www.Lost-Money.CashClaim.com |
www.USunclaimed.com |
www.Unclaimed-Prop.CashClaim.com |

There are sites out here that offer a valuable service for assisting one in locating unclaimed or lost assets just be cautious of these common and costly traps. The only thorough way to locate one's unclaimed property is to regularly check with all databases for the States in which one has ever lived or worked in, as well as, other Federal databases.

Thomas Tuke is the CEO of American Refund Services specializing in assisting others locate their unclaimed accounts without paying a Finder's Fee.

http://www.unclaimed-databases.com

expert residential cleaners Park Ridge ..
In The News:

The Omoway Omo X features a modular design, obstacle detection and emergency braking, and can drive itself to charging stations, signaling the future of smart urban mobility.
PillTrek, a tiny wireless smart capsule created by Caltech, provides real-time gut health data by detecting electrolytes, metabolites, glucose, hormones, pH levels and temperature.
Learn to spot fake bank text messages with five warning signs of Chase phishing scams, including suspicious links and urgent deadlines designed to steal your account information.
Robot coyotes built on motorized cars reaching 20 mph are being deployed at military airfields as an innovative solution to wildlife threats to aircraft safety.
Explore Google Drive's strengths and weaknesses as a backup solution, including its encryption security, privacy concerns and comparison to dedicated backup tools.
As environmental challenges grow, underwater habitats gain momentum with DEEP's Vanguard, supporting short missions and Sentinel designed for 28-day stays at depth.
The new Urban Eyes safety vest features dual cameras, reflective panels and a wireless remote to deter harassers and provide peace of mind for outdoor workouts.
The $200 billion data broker industry tracks your personal details across websites, posing privacy risks that can be mitigated through data removal services.
UCC Holding has teamed up with COBOD to create desert-inspired, 3D-printed schools in Qatar, featuring dune-like wavy walls impossible with conventional construction.
Darkling beetles equipped with microchip backpacks can be guided through disaster areas using electrical signals, offering a biological solution for search and rescue.
Scammers use number porting to take control of outdated landlines still connected to financial accounts, bypassing two-factor authentication to steal funds while avoiding detection.
Twitter co-founder Jack Dorsey developed Bitchat, a privacy-focused messaging app that works offline via Bluetooth without requiring email, phone numbers or personal data.
Google is making a push to ensure its AI, Gemini, is tightly integrated with Android systems by granting it access to core apps like WhatsApp, Messages, and Phone.
A new green energy system is set to change how we capture clean power, and it all starts with the ocean. French startup Seaturns has designed technology that taps into the natural motion of the sea.
Cybersecurity researchers are warning that hackers have started exploiting flaws in chatbots to carry out AI phishing attacks.
Google has just made it easier than ever to regain control of your inbox with Gmail's new Manage Subscriptions tool.
Despite the benefits, residential power saver programs come with several potential drawbacks and concerns that have been raised by both customers and experts.
The Blackdot AI tattoo machine is quiet. It's steady. And according to early users, it hurts a lot less.
Attackers have started to exploit the very signals that users assume will keep them safe when it comes to add-ons to improve productivity or entertainment.
Located on Cerro Pachón in Chile, the world's most powerful digital camera is set to transform how we see the universe.
The innovative DQ Tower stands 28 feet tall with 420 square feet of living space, featuring floor-to-ceiling windows and premium amenities in a prefabricated design.
A new mmWave imaging system allows warehouse robots to scan and create 3D models of objects inside sealed containers, potentially revolutionizing shipping processes.
Family fraud endangers seniors when relatives exploit their trust, but removing personal data online and monitoring identity can prevent financial harm to aging parents.
A study analyzing 500,000 customer service interactions shows chatbots struggle with complex issues while human agents excel at matching customer communication styles.
Aigen's Element robot uses solar power and AI to provide farmers with a sustainable alternative to herbicides, working efficiently in cotton and soy fields.

Residual Income - 3 Ideas for Long Term Profits

A residual income is one that comes in no matter... Read More

7 Wonders of the Offshore World

Many people assume that the offshore world is accessible only... Read More

Money Myths Of The Poor

From tender age, we were exposed to myths about money... Read More

10 Wisdom-Based Wealth-Building Strategies

"It's the business of your life?and you're the CEO!" Gala... Read More

8 Tips for Keeping More of Your Hard Earned Money

Masters degree not required...just a little common sense, a $5.00... Read More

Pennies From Heaven

I want to share an experience I had in common... Read More

My Ambitious Niche - A Completely NEW Way To Find Ambitious Wealth

Turn to the year 1999, a couple of friends sitting... Read More

The Making Money Obsession - Discover The Real Truth

In most societies, we are raised to believe in the... Read More

Five Straight Steps to Opening an Offshore Bank Account

Despite what you may have read or heard, anyone is... Read More

5 Simple Steps for Serious Saving and Financial Growth

1) Pay off your loan, credit and store card debt... Read More

Gain More Control of Your 401k - What It Can Mean to Your Future

Points to ponder as you consider what can be done... Read More

Saving Money By Spending Wisely

Why is it that the older and richer people become,... Read More

Plan For Wealth

One very important wealth creating habit is to set up... Read More

Trustee Fees: How Much is Enough and How Much is Too Much?

I am often amused by the ads and offers I... Read More

Virtual Millionaire Strategy Exposed

Let's begin this lesson with a definition of the term... Read More

You?re Eating Your Retirement Money

Ever think about how eating all those fast food meals... Read More

Could a Roth IRA be Better Than a 401(k)?

Very few people whom I know are familiar with the... Read More

Financial Intelligence - Compounding (The Ninth Wonder of the World)

Compounding: The Ninth Wonder of the WorldBy Nicola Cairncross Compounding... Read More

Are You Ready For Undesired Events?

Planning for the undesired, accidents and possible unknowns in life.... Read More

Who Will Become Wealthy in the Information Age?

As you know, we're now well and truly in theInformation... Read More

The 11 Best Money Saving Ideas of All Time - Part 1

At any time in history, no matter what the current... Read More

7 Golden Rules to Financial Prosperity

Not Enough Money?I believe that most people haven't got enough... Read More

Learn To Budget

Do you like so many others feel, that even if... Read More

Its High Time for Lifetime Savings Accounts

I'm constantly reading articles on the internet and in financial... Read More

Residual Income - Part Three Finding Leaders

In my last article on Creating Residual Income I mentioned... Read More

green cleaning service Park Ridge ..