Dear Watchdog: I recently received a letter from a Lost Asset Recovery group in Denver offering to recover $26,000 for me. They asked for no up-front money and a 10 percent commission. I received a similar letter from another company two months ago, quoting the same amount. I threw the first letter out, thinking it was a scam. But now with this second letter, I’m more curious. Are these firms legit? — L.T., Plano
Dear L.T.: Yes, most likely the firms are legitimate. Their commission is a finder’s fee for helping locate money you didn’t know you had coming to you. But even though they are not asking for up-front money, a sure sign of a scam, forget about them. They don’t matter anymore.
You can find the money as easily as they did. And you can find it for free! The Watchdog will show you how.
Often people leave unclaimed money behind when they move from state to state and a company doing business with them can’t find them. Lost money could come from dividends, stocks, bonds or paychecks. If you are owed $26,000, L.T., that could be an inheritance from your crazy aunt or a stock windfall you don’t know about. Whatever it is, let’s find out.
Search your name at two websites. First, check missingmoney.com to do a nationwide search for your name. (It leads me to 33 cents I’m owed for old Disney stock. Thank you, Walt!) Then go to unclaimed.org to do a state-by-state search.
I bet you find it that way. This works for everyone. The money is yours. But only if you ask for it. Good luck.
Staff writer Marina Trahan Martinez contributed to this report.
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