A huge sum of 175 Million dollars is owed by the Oklahoma State Treasury Department to the citizens of the state as lost money. The impact of the problem can be understood from the fact that more than 350,000 residents are owed money. This works out to one in eight individuals residing in Oklahoma today.

You may have contributed to the creation of unclaimed money if you have
-forgotten to cash the checks
-allowed the checks to go back as undelivered
-forgotten to follow up with checks and property not yet received

The website of Oklahoma State Treasury Department states that such simple and basic mistakes contribute to the creation of unclaimed money. If you have made any of the mistakes mentioned above, you may be owed unclaimed money.

Knowledge is essential if one wants to avoid the problems related to unclaimed property!! Hence, always find out when the property shall become unclaimed property and what happens after it becomes unclaimed.

The largest single unclaimed money account due to a single Oklahoma resident is 573,000 dollars

The biggest problem that the government of Oklahoma in possession of the huge cache of unclaimed funds faces is the fact that there are people who do not know that such a problem exists.

The population estimates of Oklahoma indicate that one in seven is owed unclaimed money by the state.

In 2005, just 12.5 million dollars of the total amount of unclaimed money in Oklahoma was repaid. This is less than ten percent of the 175 million dollars owed. This is preventing the quick reduction of the total money owed.

Why is the State of Oklahoma holding money that belongs to the residents?? This is so because the residents are not coming forward and claiming the money. Why are the residents not doing so?? As per Bill McIntosh, the founder of www.cashunclaimed.com, they are not aware of the problem.

If you prefer real world resources, then use newspapers. If you prefer virtual resources, then make use of websites. However, do make sure you check for Unclaimed Property in Oklahoma owed to you and claim the same. You ought to receive your property within one to eight weeks. The process is a very simple one indeed.