As Ohioans struggle financially because of the pandemic, the state's Department of Commerce has a way to help.
Akil Hardy, the superintendent for the agency's Division of Unclaimed Funds said Ohio is holding on to $3 billion in forgotten money.
He spoke to News Center 7′s Molly Koweek ahead of the first ever National Unclaimed Property Day, which is Feb. 1. National Association of Unclaimed Property Administrators created the day.
Quite a lot has been going on:
Don’t Waste Your Money: More Mail Delays | ABC27
Many people had something arrive late over the holiday season, but we understood: It was Christmas.
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“Actually, I have one that was dated Dec. 24, and I didn’t get it til the first week of January,” Forester said.
“It turns out a lot of people are not getting the checks they’ve ordered […] and also if they open up a new account and want a debit card, there’s a delay in getting that,” Brickner said.
Refinance into a 15-year mortgage to save money — here's how you can get the best deal | Fox
With interest rates at an all-time low, now is the perfect time for homebuyers to refinance to a 15-year mortgage. Follow these steps to snag the lowest mortgage refinance rates. ( iStock )
The ongoing coronavirus pandemic has taken a toll on the average American’s personal finances. And it’s had a considerable effect on the mortgage industry and led to record-low refi rates.
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You’ll need a high credit score to qualify for the best refinance rates. An excellent credit score shows mortgage refinance servicers that you have a history of meeting your financial obligations and are less of a risk.
Where does the money for stimulus checks come from?
WASHINGTON — Another week in Washington, D.C. brings another week of debate over another potential round of stimulus checks.
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For the most part, the federal government isn't taxing people enough to cover the bills — or in this instance, the stimulus checks.
Instead, when Congress passes a trillion-dollar bill, the Treasury Department is tasked with borrowing the money.
The Treasury Department has the power to borrow from private investors, foreign entities and other governments.
Were you following this:
Rule of 72 predicts how money might grow
Dear Readers: Want an easy and fun way to see how money can grow over time? Want to show your kids or grands the magic of compound interest? Let's look at The Rule of 72:
The Rule of 72 is a method used to calculate the amount of time it might take for your investment dollars to double in value. Here's how it works. Take the interest rate you are earning and divide 72 by that number. The number you get is the amount of years it will take for your money to double.
Gov: Fraudster raised money pitching Giuliani as firm's face
NEW YORK (AP) — A fraudster facing sentencing next week lured one investor by bragging that Rudy Giuliani had agreed to be the face of a fraud-busting company that was itself a fraud, prosecutors said Monday.
The revelation was included in papers filed late Monday in Manhattan federal court as prosecutors urged a judge to sentence David Correia next week to about three years in prison.
Prosecutors described how Correia, over a six-year period, repeatedly exaggerated, lied about and otherwise misled investors about how much money had been raised and the prospects for "Fraud Guarantee," a company whose purpose was to protect investors in companies from being defrauded.
Romance Scammer Turns Woman Into Unwitting 'Money Mule'
If you've been a money mule, it is never too late to stop, according to federal authorities, who urge people to:
"It still haunts me … I have dating PTSD. The worst part was, first and foremost, the illegal activity in my name."
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5. You've taken a job that promises easy money and involves sending or receiving money or packages. Or you've agreed to receive or forward packages.
A final warning sign comes from Denise, who says if you've asked questions of the person directing you to move money, and they've refused to answer, that's cause for concern. She recalls that whenever she challenged her love interest, a fight erupted and he turned the tables on her, making her seem insensitive or untrusting — a diversionary tactic to take the onus off him. "If you're uncomfortable about something, ask questions," she advises.
Young couple’s list of money goals: student debt, a house and tithing | The Seattle Times
Time to bring in the expert. The Puget Sound Chapter of the Financial Planning Association tapped Bob Toomey for the job. He's a certified planner and vice president of research with S.R. Schill and Associates on Mercer Island.
As he began to gather information, he realized the couple wasn't seeing the forest for the trees. Their forest, while mostly seedlings today, has great potential. Daniel is a pre-construction project manager for a luxury home builder. "Mostly I'm the Bad News Bear. The design team tells me they want to do this or that and I say, 'That costs too much.'"
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