A suspicion on 'found money'
DEAR HARRY: I know that there are new scams every day, and I wonder how my case fits in. I live in nearby New Jersey, and I received a letter about an insurance refund because I paid off my mortgage early. The letter says that I am owed $1,414, and that they will get my money for me for a fee of 25 percent. All this happened in 1988, so my suspicion hackles are up. Why was I not notified of this in all these years? Another reason for my suspicion is that the letter had no formal letterhead. There was a phone number, and the person who responded sounded perfectly legitimate. Does it sound OK to you? Can I get the refund without going through this agency?
WHAT HARRY SAYS: There are many such search companies, and many are legitimate. Your letter appears to be OK. Sure, you probably can get the money yourself, but at the cost of a lot of energy and time. This agency did the necessary search and found out that this money is due you. Without them, you probably never would have known. I suggest that you accept the deal. However, under no circumstances pay in advance. Defer your payment until the refund check clears. Call your bank in two weeks to verify that it cleared. Even though this is "found money," don't blow it on frivolous things.
Email Harry Gross at harrygrossDN@gmail.com, or
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