This could solve a lot of sub prime loan problems...
"The nude photos will be made public if the borrowers fail to repay their debts with interest," an insider was quoted as saying by the newspaper.
Some students who failed to repay their debts in time have sought police help, accompanied by their parents, after being threatened with sexual violence or having their nude photos published online, the newspaper said.
One female university student, who was referred to as Li Li to protect her identity, said the loan sharks asked students to provide photocopies of their identity cards, student cards and family data, plus their nude photos, before they were granted a loan.
"Many students have borrowed the money from the loan shark groups by leaving their nude photos to the lenders," Li told local media.
From: Loan sharks demand nude photos from students: report_china.com