Loan Company Will Take Your Soul As Collateral

A financial company in Latvia is loaning people money against their immortal souls. The loans are small, about $500 at most. A spokesman said the company is basically trusting people to pay the money back.

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RENEE MONTAGNE, host:

Good morning. I'm Renee Montagne. It's not exactly a deal with the devil, but in these hard times, it could be quite a tempting offer. A financial company in Latvia is loaning people money against their immortal souls. Just sign on the dotted line. All you need is a first name. But don't expect to get the wisdom of Faust or Robert Johnson's musical talents. The most you'll be able to borrow with your soul as collateral is about 500 American dollars.

It's MORNING EDITION.

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