Do You Have Unclaimed Money Waiting For You?
32,000 Names Added To Colorado Payback List
UPDATED: 2:43 p.m. MST April 12, 2002
DENVER -- There's money out there that you may not even realize is just sitting and waiting for you to grab.
And now that the state treasurer has added 32,000 names of people and businesses to the list of unclaimed property, your chances of being on the Colorado Payback list just got a little higher.
So far about 890,000 individuals and businesses have money or property that the state is holding. The money comes from abandoned bank accounts, uncashed checks or stock certificates.
Non-cash items including jewelry, coins, baseball cards and other collectibles are also being held in the state program.
The Great Colorado Payback Program is holding a total of about $160 million in unclaimed property.
Since its inception 15 years ago, more than $107 million in assets has been returned to the rightful owners, state Treasurer Mike Coffman said.
Non-cash items are auctioned off periodically and owners can claim the cash value. Coffman's office invests the money, and the interest is used to help provide health insurance to low-income Coloradoans.
Coffman said each state has a similar program. The full list of people and businesses with assets held in the program is available through the treasurer's office Web site:
http://www.treasurer.state.co.us/payback/.
And now that the state treasurer has added 32,000 names of people and businesses to the list of unclaimed property, your chances of being on the Colorado Payback list just got a little higher.
So far about 890,000 individuals and businesses have money or property that the state is holding. The money comes from abandoned bank accounts, uncashed checks or stock certificates.
Non-cash items including jewelry, coins, baseball cards and other collectibles are also being held in the state program.
The Great Colorado Payback Program is holding a total of about $160 million in unclaimed property.
Since its inception 15 years ago, more than $107 million in assets has been returned to the rightful owners, state Treasurer Mike Coffman said.
Non-cash items are auctioned off periodically and owners can claim the cash value. Coffman's office invests the money, and the interest is used to help provide health insurance to low-income Coloradoans.
Coffman said each state has a similar program. The full list of people and businesses with assets held in the program is available through the treasurer's office Web site:
http://www.treasurer.state.co.us/payback/.
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Related story:- February 8, 2002: Scams About Unclaimed Money On Rise
- July 11, 2001: Call 7: Colorado Payback, Dentist Complaints
Copyright 2002 by TheDenverChannel.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
