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Financial Firm Accepts Souls As Collateral

Posted by ryuzaki0 on from the may-you-be-in-heaven-half-an-hour-before-the-bank-knows-you're-dead. dept.

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.

11 comments

  1. Your soul and... by Anonymous Coward · · Score: 1, Informative

    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!

    1. Re:Your soul and... by Anonymous Coward · · Score: 0

      That would be true assuming the APR is compounded daily.

  2. Your soul? by clone53421 · · Score: 3, Funny

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

    --
    Alexander Peter Kristopeit bought his basement from his mommy for one dollar.
    1. Re:Your soul? by Anonymous Coward · · Score: 0

      depends on where (s)he went to law school, and what field they practice in. They might qualify for microcredit.

      hehe

    2. Re:Your soul? by Nathrael · · Score: 1

      Not if said lawyer is NewYorkCountryLawyer.

      --
      A good education is a bit like a STD - it makes you unsuitable for a lot of jobs and gives you a desire to spread it.
  3. Soul of the banking industry by unlametheweak · · Score: 1

    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.

  4. So... by Nathrael · · Score: 1

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

    --
    A good education is a bit like a STD - it makes you unsuitable for a lot of jobs and gives you a desire to spread it.
    1. Re:So... by thefear · · Score: 1

      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.

      --
      :(
    2. Re:So... by Swizec · · Score: 2, Interesting

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

    3. Re:So... by masmullin · · Score: 1

      No, because you have no soul to sell.

    4. Re:So... by Anonymous Coward · · Score: 0

      Remember, kiddies! Just because you refuse to believe in the cake, does not make it a lie!

      Actually sit down and think for once. Nothing can be definitively proven, either way, thus you have no way of confirming nor denying the existence of your soul.

      Unlike the cake, which is an obvious lie.