Frequently Asked Questions
General questions about the Asset Recovery division of Cashfinders “R” Us:
- Why have I been contacted?
- How much money is due to me?
- How do I know this isn’t a scam or a debt collector trick?
- How fast can I get the money? How does this work?
- What if I don’t want to work with you?
- Am I obligated to pay anything?
- Where is the money?
- What do you charge?
- Now that you have found me, what next?
- What do I need to do?
- When will I get the money or asset?
- Why can’t you tell me where the assets are being held?
- Why can’t you tell me what the assets are now before I sign the agreement?
- How do you know we are the right person/company?
- This sounds too good to be true, what’s the catch?
Q: Why have I been contacted?
A: Great question. We have identified money, being held by a third party that we believe belongs to you. We use proprietary, forensic techniques to find unclaimed money that is NOT on State unclaimed websites. We encourage you to use other sources to find the money, and you can click the link that follows to search any State.
These monies are usually not in your name directly. Sources for these ‘lost funds’ include unclaimed inheritance/probate/estate monies, property condemnations and eminent domain cases, unclaimed tax refunds, partitions, overages, unclaimed judgment and lien payments, etc.
We know this sounds ‘too good to be true’, but it is true. The reason we are contacting you is to retrieve these funds from the funds holder, buy you out upfront, and make a profit in the process. We assume all costs of the retrieval. You are never asked to pay anything. Our offer for a buyout is based on our risk (we might not recover the money), the time it will take to retrieve the funds, and our costs.
It isn’t cheap to find, research and retrieve these funds, but we do it every day. We take on all the expenses ourselves and we are very good at it. Right now, we have to confirm that we have the right person. Once we have confirmed that, we double-check the funds being held, do further research to make sure we can retrieve the funds, and make you an offer.
Q: How much money is due to me?
A: The minimum claim we go after is $1,000. These are NOT funds left, for example, in checking accounts. These funds are substantial, and are not on unclaimed websites. To find out how much money is due to you, use the inquiry sheet we have provided. We will be honest and upfront about the amount held and the time table we are working with.
We have to verify you are the correct person first. We do that by confirming, usually, an old address you may have had. This allows us to completely open the file, have the information reviewed by an attorney to make sure that we can take on the case, and move forward.
We will send you a Consent Agreement that allows us to confirm that the monies are still being held. It does not need to be notarized, and does not ask for any private information. You can also fill that agreement in right off our website by clicking the following link, consent agreement and we will get started.
Please understand that once we receive the consent agreement we will have to speak with you to make sure that we have the correct person, and confirm the information that we have on file. We cannot make claims without doing so.
Q: How do I know this isn’t a scam or a debt collector trick?
We never ask for banking information, never charge an upfront fee, and use attorneys to recover these funds.
WE ARE NOT DEBT COLLECTORS.
By law, debt collectors have to tell you they are collecting a debt. Even the collection agencies that play ‘fast and loose’ with the law wouldn’t do so in writing online. Please feel free to contact us with any questions, via the phone number, email address or mailing address listed on the main site page.
Q: How fast can I get the money? How does this work?
A: We start with a consent agreement that allows us to ask questions of 3rd party fund holders. Once we double-check that the funds are available and your claim has priority to the funds, we will make you an offer, and send out the paperwork. After we have received the paperwork, you can get a buyout check in a few weeks.
If additional documents are needed, this can take a little longer. We keep you in the loop throughout the process. In the event that the funds are going to take a long time to recover or there are legal ‘hoops’ that we have to jump through, we may offer a partial upfront buyout, then pay the difference upon recovery.
At no time are you at risk, as the buyouts are non-refundable, and we assume all costs regardless of the outcome.
Q: What if I don’t want to work with you?
A: We respect your decision. If we cannot come to terms, we will stop work on your behalf. Often, there are other individuals or creditors that can also claim the funds. When someone chooses to not work with us, we contact other potential claimants instead (creditors) and receive a referral for sharing our research.
We prefer to help people instead of companies/creditors, but referrals defray our research and contact costs. If you choose to not work with us, we usually destroy your file within a week or two, unless we can put together an agreement with a creditor.
Q: Am I obligated to pay anything?
A: No, if I can’t collect, neither of us gets paid. I don’t charge you anything for time or any attorney costs I incur.
Q: Where is the money?
A: That’s part of what I need to research. I know that it is in excess of $10,000 or it would not have ended up on my desk. I need to ask questions of various funds holders to pin this down. And, if there is unpaid debt out there against you, I have to make sure that it won’t get in the way of retrieving this.
Q: What do you charge?
A: I don’t charge anything upfront and only get paid if I’m successful, when the check comes. It depends on how much risk I take on. If I have to hire an attorney, or pay court costs, to retrieve the monies, I charge a higher percentage.
I do all of the work to claim the funds, and take on all the risk. Everything is based on risk. Usually, I can get you 35-50% of net, depending on my risk and how much I have to come out of pocket with.
Q: Now that you have found me, what next?
A: We present the rightful owner, (YOU), with a written contract stating the terms and conditions of our services usually in the form of a Consent agreement and a short-form buyout Agreement. A separate empowerment document is presented to the rightful owner to execute which permits Cashfinders “R” Us to represent the rightful owner with the custodian holding the asset.
Q: What do I need to do?
A: In order to collect this asset, Cashfinders “R” Us needs to be hired to assist you in proving this claim. Some simple agreements will be sent to you as part of an informational packet. Please sign, date, and fill out all information on the agreements and then return it to the fax, email and/or mailing address specified in your packet.
Q: When will I get the money or asset?
A: The process to claim and recover the asset can take up to 60-90 days; sometimes longer if there are complications. The best advice we can give is to be patient. Cashfinders “R” Us does not get paid until you have been paid, so I work diligently to move the process along. I will keep you informed and answer any questions about the status of your claim during the entire process.
Q: Why can’t you tell me where the assets are being held?
A: Since we’re not paid by the holders of these unclaimed assets, our fees must come from the rightful owners we locate, and for whom we provide recovery services. We are happy to disclose full information about the assets after we reach an agreement with you concerning percentages/fees and other important terms of our services.
This policy helps protect our firm’s investment in researching and locating rightful owners. We’re sure you can understand why we cannot divulge specific details before that time, since we are not paid anything by clients who refer assignments to us.
Q: Why can’t you tell me what the assets are now before I sign the agreement?
A: Unfortunately, this single notification is enough for some people to get started on their own trail of locating the money and going directly to the source without signing our agreement. It is rare, but it does happen and we have done a lot of work on one’s behalf to get to this point.
For this reason, we must protect our interests until all the required parties are signed up. Then we explain where the money source is, and what its approximate value is.
Q: How do you know we are the right person/company?
A: Our research has led us to believe you may be entitled to this asset. If you have been contacted we are fairly sure you are the right person. We would not make the investment of time, money and resources to find you if I was not confident you are entitled to the unclaimed asset. However, there is a slight chance that you might be mistaken for someone else; many people have similar if not the same name. To be safe, I assume a preliminary beneficiary identification. Until, of course, the necessary burden of proof has been exercised.
Q: This sounds too good to be true, what’s the catch?
A: There is no catch. Really! We do not ask for any upfront money from you, ever! If we are not successful in proving your claim you owe us nothing. We are expending our time and resources at our cost to prove your claim. When you get paid, we get paid – period! It really is as simple as that. This is a legitimate offer to help recover money you would otherwise not be aware of and may be entitled to, with no out of pocket cost to you!