Tag Archives: california

The Truth about State Unclaimed Money

The unclaimed money menace has hardly left any state treasury untouched – with an ever increasing influx of unclaimed money and in comparison, a very low number of claims being made. The logistic and bureaucratic mess created by the uncontrolled addition of unclaimed money has given a lot of headache to most of the state treasuries.

It is not surprising that the reimbursement of unclaimed funds has become the first priority for all the state treasuries. Facing these additional financial burdens in these times of economic slump is an unavoidable burden for most of the state governments. The center on Budget and Policy Priorities has been questioning states regarding the budget deficit and what are the plans to minimize it. It estimates that the combined state budget deficit over the next two and a half years is likely to be about $350 billion. This will account for about 20% of the state budget.

The state governments are at a complete loss as to how to manage the increasing pile of this government unclaimed money. More money is being added relentlessly every quarter and the trend continues to speed up with no signs of increasing claim. In order to tackle this unclaimed property menace, the states are forced to adopt new and out-of-the-box strategies in order to create a healthier and stable environment for its residents. Larger states, like California and New York, find themselves in a greater dilemma because of the increasing budget deficit on one hand and the surmounting volume of state unclaimed money on the other.

One of the common refrains of the state government is that there are so many welfare programs which are waiting to be implemented for the lack of funds while unclaimed property vault continues grow larger. Many of the law makers, in states like California and Delaware, have been proposing new ways of utilizing the state unclaimed money towards the social welfare and development projects. These states have taken the first proactive steps and have proposed the utilization of unclaimed funds effectively to fill in the budgetary deficits.

A consensus has emerged whereby the decision makers have agreed to implement the various welfare programs and other development projects without any delay in all the states. It is now universally agreed that while the money should be lawfully returned to the owner, in the absence of any body coming forward to claim it, it is prudent that these vast amount of unclaimed money is diverted toward the social development projects. It is increasingly seen that the decision makers are actively supporting the idea of unclaimed property auction. Apart from a few dissenting voices, this idea is getting a lot of support from everybody, including the citizens of the state.

In addition to the state unclaimed money, there is an equally large number of unclaimed properties that are waiting to be claimed. States like Delaware and California have started the public auction of unclaimed properties in the state, and this has contributed immensely towards the boosting of state economies resulting in the increase of state revenues by more than10%.

Qualifying For Auto Title Loans Programs

A title loan is brief duration temporary loan that is co-related through title to your personal vehicle like truck, car etc. It is a safe deferred payment arrangement. The loan lending companies offer cash loan without considering credit rating as its link up is with the title. The vehicle can be truck, car, or even a motor-cycle.

There are a few requirements to become entitled for Auto Title Loans California and Car Title Loans California; a conspicuous and definite title or registration, evidence of residency and income, and lastly age 18 or above. Auto Title Loans California and Car Title Loans California entitle you to receive diminutive cash inflow assistance. You can begin the process online or offline. The only discouraging aspect is that the loan attracts up to 300% annual interest. If the need for cash is desperate then only most people seek this loan. The biggest advantage is you get cash when you need it most. The foremost procedure is to contact the concerned executive so he can come and assess the wholesale value of your vehicle and decide the quantum of loan possible to offer you. All relevant documents will be in accordance to California state regulations. Go through the rule booklet and the documents you are going to sign. Sign the documents only when fully satisfied. Certain vehicle tax liabilities have to be borne by the owner such as licence fees and maintenance. The signed papers show the vehicle status as a lien holder. The cash amount handed to you is assessed on the minimum worth of the vehicle. If you happen to sell the vehicle in open market it will fetch you much more cash.

The loan is usually issued for duration of 30 days; it has to be repaid on or before the stipulated time frame; once this done the vehicle title will be bestowed back to you. The time can be extended by another 30 days and the interested calculated on this is added to the total. If due to any reason the loaner is unable to pay the interest or the sum the loan company has the authority to sell the vehicle and recover the money. The companies are not that heartless they keep imposing penalties and grant extension for a reasonable period of time before they take any drastic step.

The loans are quick to come with cash. Documentation takes little time and in a matter of 15 minutes you have the cash you need. The cash amount could vary from $ 100 to $1000. The company make some discreet discoveries like if the loaner is gainfully employed and there is some income generating asset available to him. Even though credit rating is not taken into consideration it is looked into as background information. Online websites are very use-friendly. The loan formalities are completed at the click of the mouse. Most of the information is assessable but in case you have a query the back office executives can be contacted through E-mail and things will be sorted promptly. You will be surprised to see how fast the money is in your hands.

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