(Part 2 of 2)

SC unclaimed money is handed over to the state treasurer's office after significant periods of inactivity. These periods are referred to as "dormancy periods", and each kind of unclaimed asset has its own. Many are just a year, while a number of years must pass for many other types of assets to be handed over to the state. Even more important to know is the fact that and employee of the state has to actually enter the account information in to the state's database %if there is to be% public, searchable record. For those reasons, among others, it is important that people who are serious about locating their forgotten funds, search regularly and search on the right web sites.

Many web sites claim to have a database, but most of the time it's anything but reliable. Not only are they generally not current, but many of them are just down right bogus. These web sites use "teaser" search results to hook a sucker by telling them they are owed X dollars in mising money, when that dollar amount was generated at random. Basically it's a misleading sales tactic.

Beyond not knowing where to search, searchers also need to realize that they should search outside of SC. A lot of people have relocated to SC after having spent their lives in one or a number of other states. Others may have always resided in SC, but if they had a policy with an out of state insurance company or and employer's corporate headquarters is based outside of the state, then there is a good chance that they're still owed money, but SC will never have a record of these monies. It's very important to check the state listings of any state where a person may have had any sort of business dealings.

It cannot be said enough, having the assistance of unclaimed money experts in your search for unclaimed money is vitally important. A pro in this field can help you sidestep all the problems that plague many searchers, including the few mentioned in this article.

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