Please refresh the page and retry. F emale students in China are providing nude pictures as collateral for loans, according to reports.
According to state media, some university students have sent photographs of themselves naked, holding identification cards, chinese potential lenders, in order to obtain higher loan amounts. The loan sharks threaten to send nude pictures to their parents or publish them online if they fail to repay the loan on time, reports said.
She then had to borrow money from her parents to pay back half of the loan after she was threatened that the pictures would be posted online.
The student found the loan shark the peer-to-peer lending platform Jiedaibao. It is unclear how widespread the practice is on the Chinese nude, but Jiedaibao told the Shanghai based Sixth Tone outlet it had launched an investigation.
Women in China Use Nude Photos to Secure Loans
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