Quote:
Originally Posted by NelsonN
I made a loan on Feb 25th, so I will not be getting any interest reporting forms. I don't think I will be receiving a 1099 Int next year either. I live in Puerto Rico.
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Ok. I was unsure about whether investors receive 1099s in Puerto Rico. If so, you'll be getting it near the end of 2007 or early 2008 depending on how diligent the admin is. Please keep us posted.
Quote:
Originally Posted by NelsonN
The problem with many EBL lenders is that they keep to themselves. Somehow they are so confident that the majority don't even post about getting paid, etc., it's always the same few people.
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Yeah, "keep to themselves" syndrome is the norm for HYIP investors, as you are aware. A lot of these folks have a rude awakening in store when they get their first 1099 in the mail. At least in the US.