BEIJING: Web-based loan sharks in China have found an unconventional way of guaranteeing loans: demanding naked photos from female borrowers.
The state-run Southern Metropolis Daily reported this week that private lenders are asking female borrowers to send nude photos of themselves along with their ID cards, warning that the photos will be made public if payments are not made on time.
One of the borrowers told the newspaper that she first borrowed 500 yuan ($76) from an online loan provider with a weekly interest rate of 30 per cent. She kept taking out news loans to pay off old ones, and her debt snowballed to 55,000 yuan ($8,347) when the lender demanded a nude photo of her as a guarantee for new loans.
These filthy Chinese cockroaches can do anything for nude flesh!
Anything can happen in China :-)
That is quality of chinese...
Hope nobody falls victim to these wolves.
That''s it....i am going there as money lender
dont knwo how these kind of stupid ideas comes in thoughts !
17 hours ago
Well! This shows Chinese respect their women very Much..
17 hours ago
Very strange and gruesome
This is so pathetic, especially since it seem to be being done openly!!
Dirty mind dirty chinies
God knows what price they are exacting from the Pakis for their full-fledged support in every matter, whether legal or illegal.
ooo this is extremes...
Chinese method to recover loan is barbaric and tantamount so to blackmailing.