Have you got a soul to pledge? With the current economic situation, a company in Latvia (one of the EU nations worst hit by the economic situation)…

Have you got a soul to pledge? With the current economic situation, a company in Latvia (one of the EU nations worst hit by the economic situation) has come up with an innovative way of allowing customers to take out loans — by having them pledge their “immortal soul” for a loan. As ridiculous as it may sound, it is a fairly popular idea amongst their customers since it requires no documents in order to make this loan and the customers only have to provide their first name. Easy loans such as these have become welcomed amongst people during this economic downtime. Although if this is profitable or not is questionable considering there isn’t much guarantee from the customer for returning the loan however this would provide much relief to many of the people affected by the times albeit being temporary. What are your thoughts on this form of temporary relief? – Vivian

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