Quirky World: Chinese lenders seeking naked photos as collateral
Web-based loan sharks in China have found an unconventional way of guaranteeing loans: demanding naked photos from cash-strapped female college students who want to borrow money.
The state-run Southern Metropolis Daily reported this week that private lenders are asking the young women to send nude photos of themselves as a form of collateral, along with copies of their ID cards. They warn that the photos will be made public if payments are not made on time.
