Finding Your Lost Money

Some Background Information On Unclaimed Money

There are many governments all over the world that are currently in crisis debt positions. As a result, these same governments have to start looking at alternative ways they can tap into new revenue sources which don’t involve raising taxes.

One the newest strategies they are implementing is the seizure of unclaimed funds.

This article will explain in a bit more detail what unclaimed money is, and how you can go about checking if you have any. It will also provide you with the necessary information on how you can go about retrieving it.

What Types Of Unclaimed Funds Exist

Unclaimed money, or funds, can originate from old bank accounts, forgotten insurance policies, abandoned safe deposit boxes, lost shares, and pension or retirement funds. These could exist in your name without you even realizing it.

In fact, literally, billions of dollars of unclaimed money is just sitting there waiting for people to claim it. Of course, the government would never allow this to be publicly known.

Here are some recent unclaimed money value estimates.

U.S.A. – Over $60 Billion
United Kingdom – Over £1.2 Billion (US$1.6 Billion)
Australia – Over $1 Billion (US$766 Million)

When you consider those amounts are just in three countries alone, that’s an extraordinary amount of money just sitting there, and the governments are just waiting to snatch it up.

So how does this happen?

When money gets forgotten, whether it be deceased estates, change of directorships, people not providing updated mailing addresses to their banks etc, it gets held by the state until someone comes looking for it. But as I stated earlier, with so many countries under budget pressure, they will often just take the cash if it sits unclaimed for too an extended period of time.

So here are some ways to find if there is unclaimed money or funds in your name.

3 Methods Of Finding Your Unclaimed Money

1. Government Websites

Unclaimed monies, such as those from bank accounts, insurance policies, share registries, safety deposit boxes and other places could exist out there, somewhere in your name. All you need to know is how to check and collect.

It can be quite easy if you have a unique last name. Simply visit your country’s government unclaimed funds site.

U.S.A Unclaimed Money 
United Kingdom Unclaimed Money
Australian Unclaimed Money

Simply enter your name to do a database search of available unclaimed funds. With one click of your mouse, you can cover the entire spectrum of what’s available.

Whilst this is a free way of claiming your funds, it can also be a tiresome and drawn out process.

2. Contacting Banks

If you’ve left money in an old bank account that you have long since closed, you could still get your money back.

Banks are required to keep records for a certain period of time after the closure of an account. Sometimes up to 7 years. Therefore, by simply contacting the bank you can begin the process of retrieving your money.

3. Using The Services Of An Unclaimed Money Specialist

This is the simplest way to start the process of retrieving your funds, especially if you don’t want to deal with all the red tape and jumping through hoops many financial institutions and government agencies want you to jump through. A professional service provider such as My Money Refund can take the hard work out. You simply complete an authority for them to act on your behalf and then wait for your money to be returned to you.

We hope this has provided you with some good insights into the topic of lost funds and how you can go about getting your money back.

If you want more information you can visit the My Money Refund Facebook Page and post a question.

Negotiate With Your Bank for the Best Mortgage Rate

Negotiate With Your Bank for the Best Mortgage Rate

Are you currently in the market for a new home? Perhaps you would like to have your property, but the high mortgage rates are hindering you from applying for a home loan. If this is the case, don’t be discouraged because there are some ways on how you can negotiate with your bank for the best mortgage rate.

We are living in a tough economy, and this is why more and more people are looking for good rates that will help them save on their monthly payments but still be able to afford a nice home. Do not worry because this is possible even in with everything that is happening to the world’s economy.

Do some research about the bank lending rates

One of the things you need to do is to search the internet for some websites of banks who are currently offering a mortgage for home loans. The internet is the best source for this because it has all the information you need to help you decide which lender can give you the best rates possible. What you will do is to contact them via email or by phone and ask for quotes on home loans. Once you get quotes from one lender, look again for another bank or lending institution that you can ask quotes from. Do this strategy until you have at least 1-2 quotes from 3 different lending companies.  Here are some tips on how to negotiate your mortgage rate.

Why are you doing this?

It helps to keep your options open. By this, we mean that you can compare each quote based on the rates being applied to the mortgage, the terms of payment and if there are any fees you have to pay as part of your home loan. Sometimes, you would think that you have hit the jackpot when you see really low loan rates when in reality, there are hidden charges you have to pay as a result of your home loan. You don’t want that to happen, so the best thing is always to check each facet of the quote before you decide on which lender to choose.

Find the hidden trick

Finding out the rates of other lending companies also gives you the bargaining chip to negotiate with the bank or the lending institution. It is important that you use all the hidden tricks up your sleeve to make sure that the bank gives you the best mortgage rate and terms they can offer.

It may prove to be a challenge for you, but finding the lowest and the best mortgage rates will certainly be worth all the effort you put into it. At this time when every person wants to save every single cent they make, it is essential to come up with these strategies that will help you get the lowest loan rates possible.