Companies That May Owe You Money
You work hard for your money and you therefore deserve to enjoy value and get the most out of it, especially when it comes to the services you get. Unfortunately, most people are not aware of the various ways of ensuring that their money is safe and does not go wasted. There is so much unclaimed money out there and a number of companies could also owe you money even though it may not be that obvious to you. Below are some of the areas you should be checking keenly if at all you are to get back the money owed to you so you can put it to good use.
Your revenue authority
Thousands of income tax refunds remain unclaimed because they are returned to the authorities as undeliverable. You could be missing out on yours if you have changed your name or have moved or simply as a result of the check not having the proper address. This is money legally owed to you and you should therefore contact the relevant tax service to track down lost tax refunds or any unclaimed money that is tax related. It is important to remember that the refunds are limited to specific periods of time, hence if you are up to date with your tax returns you should track down on them before they become property of the government treasury.
The bank
Overcharging is not that common, but it does happen and when this happens, you definitely deserve to claim. Unarranged overdrafts and direct debit bounces could lead to fees by the bank for the mistakes, but you can always claim if you feel you have been unfairly charged. Still under your bank, old bank accounts could have unclaimed funds left. Such forgotten funds could be from insurance premium refunds, dividend payments or even utility deposits and wages from a former employer. You never know what is owed to you by the bank until you take a closer check and keep up with accounts relevant to you.
Your energy supplier
Most people just pay up their energy bills without scrutinizing them. This makes it possible for energy suppliers to overcharge. If you are keen enough to find out how you are billed for energy, you could end up reclaiming a good amount from the supplier. Prepayment meters are best, but if you are not on that and you pay less attention to meter readings every month, then you may have reason to claim from the regulator. Estimations are likely to overcharge you so every now and then take the readings to the supplier to see whether you are owed something.
Your water and sewerage company
Water and sanitation is a need anywhere and hence most people will pay for them without a second thought. In some areas, rainwater that falls on your property draining into any public sewers fetches you a charge by the water company. However, you really should not be paying for this if your home has soak-away drainage system allowing the rainwater to run off to the ground. You may also stand a rebate in case you pay for surface water drainage. Find out as much as you can about the supply of water that you get and ensure all loopholes that could lead to unnecessary charges are sealed.
Your phone and internet company
Poor services from telecom companies should attract automatic compensation, but not many people pursue this. For instance, you do stand a refund in case a fault is not fixed as promised and it should show in your billing. The same goes in case your phone line or broadband fails to work on days promised or even when an engineer fails to show up for an appointment. They are all inconveniences that could attract a good refund on a daily basis for that matter. This however may apply in given areas only so do your research before laying a claim.
Your favorite airlines
In this case money owed to, you could be refunds resulting from flight cancellations and delays. Luckily for the airline PR works to their advantage and they easily get away with such situations to their favor. Find out the process of applying for such kinds of refunds and how you can determine whether you are eligible depending on where you are and then go ahead and get your money back.
The insurance company
Whether it is your health insurance of life insurance policy, you should enjoy value at the end of the day. Demutualizing happens and in such a situation you may have cash or even stock owed to you by the company. Remember to also check with the insurance companies in case a loved one passes away so you can claim the benefits. Insurance companies can also be tricky when it comes to their policies and what they cover. You may end up paying for coverage that you may never get so if you suspect something or feel your policy is unfair in terms of coverage offered you can always challenge the company so as to enjoy the full benefits of get a refund for that matter.
Your pension corporation
Receiving your pension can make a huge difference in your life when you cannot work anymore. All those years of working should account to something and it is why pension plans were out in place. If at some point you worked for a company that has a pension plan, but probably it failed, you are owed money by the relevant pension authority. It is of course an initiative you need to start yourself or on behalf of relatives who are demised so the benefits are not lost.
Nothing can be worse than sitting on the money that you deserve, especially in modern day. There are so many ways of finding out what is owed to you and by who and keeping up with all service providers is one of those ways of ensuring that nothing goes to waste. Start digging today and claim what is rightfully yours!
