Your next missed loan repayment could cost you your soul

A Latvian finance company is asking customers to sign over their souls as collateral on new loans.

The Kontora loan company insists clients have to sign a contract that agrees to the collateral, “that is, my immortal soul.” Reuters reports that the company has promised not to employ debt collectors to collect souls in the case of loans going bad.

“If they don’t give it back, what can you do? They won’t have a soul, that’s all,” a company spokesman said. The company primarily acts as a pay day loan firm, lending small amounts at high interest rates.

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