Lender Makes Borrowers Pledge Their Souls

A lender in Riga, Latvia, has borrowers sign away their souls as collateral on small, high-interest loans.

Mirosiichenko said his company would not employ debt collectors to get its money back if people refused to repay, and promised no physical violence. Signatories only have to give their first name and do not show any documents. “If they don’t give it back, what can you do? They won’t have a soul, that’s all.”

“Would you pledge your soul as loan collateral?” [Reuters] (Photo: goldberg)