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loans

In 2009, a Latvian company offered short…

November 1, 2020Weirdo

In 2009, a Latvian company offered short-term loans of up to $500, with the clients signing their immortal soul as collateral. The company said they wouldn’t employ debt collectors to get its money back: “If they don’t give it back, what can you do? They won’t have a soul, that’s all”

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An Italian banker, Gilberto Baschiera…

April 22, 2020Weirdo

An Italian banker, Gilberto Baschiera is considered a modern-day Robin Hood. Over the course of 7 years, he secretly diverted 1 million euros to poorer clients from the wealthy ones so they could qualify for loans. He made no profit and avoided jail in 2018 due to a plea bargain.

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A 2001 investigation found that….

April 6, 2020Weirdo

A 2001 investigation found that in several cases, payday lenders in California were charging considerably higher rates than loan sharks from the Chicago Outfit organized crime syndicate.

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Gilberto Baschiera, an Italian banker…

January 24, 2020Weirdo

Gilberto Baschiera, an Italian banker, is considered a modern-day Robin Hood. Over the course of 7 years, he secretly diverted 1 million euros to poorer clients from the wealthy ones so they could qualify for loans.

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The word Mortgage is a French Law term…

April 18, 2014Weirdo

The word Mortgage is a French Law term meaning “death pledge”. It doesn’t refer to the person (like a pledge to pay until death) or anything sinister like that. It refers to the fact that the deal “dies” either when payments cease or the principle is paid.

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Christian, Judaic, and Islamic texts all …

October 18, 2012October 18, 2012Weirdo

Christian, Judaic, and Islamic texts all ban interest on loans.

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