Have you heard the news in Arkansas lately? It seems that they can’t stop talking about all the unclaimed money in Arkansas. What is unclaimed money and why is it such a problem that the talking heads can’t stop reporting on it? Unclaimed money in Arkansas can come from a variety of sources. These sources are so numerous that it oftentimes because difficult to track any of the money once it has reached the state treasury accounts. This money belongs to average Arkansas citizens, but until those citizens come forward this money will just sit there. Arkansas doesn’t know what to do with the money and so a campaign has been launched to finally alert Arkansas residents everywhere to this growing problem.
Arkansas is one state that is facing a big money problem. No, the state’s not broke. Rather, the state is holding onto too much unclaimed money. Unclaimed money isn’t a new phenomenon, but it is a problem that is getting steadily worse. So what is unclaimed money and why is Arkansas facing such a problem?
Unclaimed Money is the money that goes missing when you have an old utility deposit coming to you and you move away. The check is mailed, it fails to find you and it is mailed right back to the company that mailed it in the first place.