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.