Would You Sell Your Soul For A Loan?

Posted By Ben Goulding, 5 July, 2009 | permalink

Soul for a LoanLatvia has been one of the hardest hit counties in the European Union as a result of the global credit crunch, with many people unable to get a loan…Well, now there’s a solution.

The Kontora loan company is offering clients loans in return for their souls. It grants loans of 50 to 500 Latvian lats ($100 to $1,000) to any adult after he or she signs the a very short agreement. The client must sign a contract with the words “Agreement” in bold letters at the top stating, “that is, my immortal soul.”

The company said it would not employ debt collectors to get its money back if people didn’t repay, stating “If they don’t give it back, what can you do? They won’t have a soul, that’s all”

In the current tough economic crisis, it may be necessary to sell some assets, but is the Kontora loan company playing God?

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