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View Full Version : Damn them muscling in on my territory


Bernard_Monsha
June 23rd, 2009, 02:15 PM
I only give out 10 dollars.


Latvian firm accepts souls as guarantee for credits (http://mosnews.com/weird/2009/06/22/soullatvia/)

A financial company in Latvia is offering residents loans secured by nothing but their immortal soul.

Riga-based firm, named Kontora, does not require credit history record or proof of employment. 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.

According to the agreement, the only security required of the borrower is their immortal soul, which they are asked to confirm as their previously unmortgaged property.

The loan is subject to one percent per day in interest until full repayment.

The period of full repayment is 90 days, and in case the borrower fails to return the money, the creditor gets full possession of his soul.

l0k1
June 23rd, 2009, 02:39 PM
Free money

Victory
June 23rd, 2009, 03:19 PM
>The loan is subject to one percent per day in interest until full repayment.
DOHOHO
that's either 90% or 145% interest (composite) over 90 days
e.g.
borrow 100$ -> repay 190$ or 245$
I would be looking for a new soul too if I charged that much

ToyMachinist_86
June 23rd, 2009, 03:25 PM
Indeed, that's a really aweful deal despite your spiritual convictions

superplough
June 23rd, 2009, 08:25 PM
Damn that's a lot of interest... but yeah, free money.

ToyMachinist_86
June 23rd, 2009, 09:36 PM
No its not, I guarantee you that some one collects on that loan, and they don't take ethereal IOUs either... They take it out of your leg benders and then your wallet.