The National Association of Unclaimed Property Administrators reports approximately $70 billion worth of unclaimed property owed to about 33 million people, or roughly 1 in 7 Americans.
Many factors contribute to unclaimed money, including old checking accounts, refunds, and customer overpayments; the average claim totals $1,134.
A recent case involved a Redditor discovering an old business credit card account in his name with $70,000 in credit, raising concerns over potential theft or embezzlement.
While claiming unclaimed property can feel like a windfall, it's crucial to investigate any attached conditions and consult legal or tax professionals if necessary.
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