The Ongoing Texas Unclaimed Money Problem

October 24th, 2012 |

They say that everything is bigger in Texas, and apparently that also applies to their unclaimed money problem. So many states in the union are facing an unclaimed money problem, but once again, Texas seems to be living up to its big reputation. This unclaimed money has been building up for years as placing the funds with their rightful owners happens at a much slower rate then these funds actually come in at.

The money that is continuing to build up comes from instances like last paychecks that have never been cashed and tax refunds that were never sent out or collected. This money is even coming in from less common places like court collected child support payments, inheritance money, the contents of safe deposit boxes or storage units and even abandoned bank accounts. And these are just some of the places that unclaimed money comes from.  The problem is that there are so many other sources for all of this money coming in that this problem is hard to track. Without the ability to keep tabs on where the money is coming from, or the funds to oversee it, state officials are afraid that the Texas unclaimed money problem may continue to get worse or even become impossible to tackle.


Texas Unclaimed Money Problem – An Expensive Problem to Have

One may wonder why the Texas unclaimed money problem is considered such a big issue. For one, it takes money directly out of the pockets and bank accounts of those residents who could really use it and might currently be struggling. An example would be a family waiting on a two-hundred dollar child support payment, which is money that they might need right now for food and utilities. The money these households are waiting for could even be the only way they keep a roof over their families heads. In most cases end up with the child support payments being held up in Texas unclaimed money accounts where they aren’t doing anyone any bit of good at all.

This money that has gone unclaimed in Texas could really help their economy improve, as well as help the current struggling residents. If more of that money were put back into circulation and back into the pockets of these tax paying citizens, we might be able to wrench the state out of its current economic plight. We could put more money in the pockets and bank accounts of Texans everywhere and we might be able to eradicate the Texas unclaimed money problem once and for all.

How can this be done, you might ask? You can help by simply starting an online search for free. All you have to do is use your first and last name to search for unclaimed money in Texas. In just a few moments, you will be able to determine if you do in fact have money available, as well as how much is currently being held in your name. If you happen to have more of a common name, like say “Patty Smith”, then it may take a little longer to prove your identity in order to claim any or all of these types of unclaimed funds.

This is our chance to help the state of Texas with its unclaimed money problem once and for all. If we all conduct an online search, this Texas unclaimed money problem may soon be a thing of the past.

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