Financial Firm Accepts Souls As Collateral

A financial firm in Latvia is offering 90 day loans with no collateral except your immortal soul. Kontora doesn't require a credit check or proof of employment, only a signed document agreeing that the company owns your soul if you fail to pay and that the soul in question is a "previously unmortgaged property." The loans are also subject to a one-percent-per-day interest rate.

Your soul and...

[Anonymous Coward]

An APR of 3600%...(1.01^365-1) I think I just might be able to get these sort of terms without mortgaging my soul!

Your soul?

[clone53421]

So... if a lawyer applied for this loan, would he be denied?

Re:

[Nathrael]

Not if said lawyer is NewYorkCountryLawyer.

Soul of the banking industry

[unlametheweak]

I have a feeling that most religious bankers in the West don't practice what they preach. They don't even seem to believe what they preach. Soul? ... it's worthless to them.

So...

[Nathrael]

So, basically, as an atheist, I could just get me a free $1000? Nice. Where can I sign up?

Re:

[thefear]

I was thinking the same thing, but if this contract were legally valid(which I doubt), would that mean they can force you to take your soul to church after 90 days? Because that would suck.

Re:

[Swizec]

No, because after you can't pay them back, you've essentially signed a contract that allows them to kill you.

Re:

[masmullin]

No, because you have no soul to sell.