BEIJING: Need quick money as loan, Yes you can get it through web based loan service but a catch is there. If you are a lady you have to provide your nude image as guarantee for the loan. Surprised but true!!!
In China there are such cases as reported by the media.
Web-based loan sharks in China have gone in an unorthodox way for guaranteeing loans: demanding naked photos from female borrowers.
The state-run Southern Metropolis Daily reported that some private lenders are asking ladies borrowers to send nude picture of themselves along with their ID cards, if defaulted warning has been given that the photos will be made public.
One of such lady borrower told the newspaper that she took 500 yuan ($76) from an online loan provider with a weekly interest rate of 30 per cent.
She had to keep taking out new loans to pay off old ones interest, and her debt grown upto 55,000 yuan ($8,347) and a debt trap was already installed; when the lender demanded a nude photo of her as a guarantee for new loans.
— Times of India (@timesofindia) June 15, 2016
OMG if this is the case soon other countries private lenders may go in the same evil track. Even this could flare a nude site database link as well.
Say no to such demands in the first place and report to authorities as soon as it comes to you.
Source : Times of India