While Indiana Attorney General Steve Carter is reaching out to Household Finance customers, he also wants to remind Hoosiers there may be other unclaimed funds or property waiting for them.
More than two years ago, a multi-million dollar national settlement with Household Finance resulted in $11 million for 18,000 customers in Indiana, and a hefty portion of those funds has not been claimed. Along with every other state and the District of Columbia, Indiana took part in a landmark settlement with Household International in 2002. Investigators claim Household Finance and its subsidiaries misrepresented loan terms and failed to disclose important information to its borrowers.
Carter told The Brazil Times that $102,000 has already been distributed to 183 customers.
"We're hopeful that people will step forward to claim it," he said. "It would be a good Christmas present for anyone who has a valid claim."
Twice each year, the state runs information regarding unclaimed funds and property in newspapers, Carter explained. If the money or property remains un-claimed for a period of 25 years, it is transferred to the common school fund.
While uncertain of the specific dollar amount of unclaimed funds in Clay County, he said, "I'm sure it's several hundred thousand dollars. We're just trying to create some awareness. Even in a smaller community, it's a significant amount."
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
HOW TO COLLECT:
To determine whether they are owed any money, Hoosiers can go to www.indianaunclaimed.com and enter their names in the search boxes. The database is updated on a regular basis, so the Web site should be checked more than once, Carter noted. Persons may also find out more by calling the state attorney general's toll-free number at 866-IN-CLAIM (866-462-5246).