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Nude Photos - The Ultimate Collateral

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  1. #1

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    Nude Photos - The Ultimate Collateral

    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
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  2. #2

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    if every chinese student make their nude photos freely available, wouldn't that make the nude photos worthless?

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  3. #3

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    Quote Originally Posted by dumbdonkey:
    if every chinese student make their nude photos freely available, wouldn't that make the nude photos worthless?
    No kidding. That is the reason the porn industry is hurting . . . amateurs uploading videos for free, or so I've read in The Economist.
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  4. #4

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    Logically pork chops should have to pay higher interest given that fewer people will want to look at their nude pics if they default.


  5. #5

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    Scary path....I can see students close to default being forced into sexual favors on film to extend payments..and then full blown sex slave/prostitution.

    Almost reminds me of the black mail tactics used in Scientology

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  6. #6

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    Quote Originally Posted by Kinch:
    Logically pork chops should have to pay higher interest given that fewer people will want to look at their nude pics if they default.
    There's a niche for everything
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  7. #7

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    Quote Originally Posted by Open Casket:
    Scary path....I can see students close to default being forced into sexual favors on film to extend payments..and then full blown sex slave/prostitution.

    Almost reminds me of the black mail tactics used in Scientology
    One way or the other, certainly looks like the kind of gift that's going to keep on giving.

  8. #8

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    Not an idea we will be taking up.

    1. Really, really don't want to see nude photos of our typical customers
    2. The NPA would kill us

    3. Oh yes, morally wrong.

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  9. #9

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    Man, I would have walked away at the first sniff of a suggestion of my nude pics for a student loan. I couldn't even get a loan nor assistance ( my parents kicked me out of home but refused to let me have any documents to submit to the Australian Tax Office so that they received benefits ( that I didn't get even though I was not allowed to live in their home. ) , so I ended up getting a casual job, then two, and after I went Part time at Uni, got a third with any catering work in between. Passed with flying colours and forgot about a student loan. The thought of partying ( most of it was paid for when I worked in catering as I would be invited to stay on after into the week hours, but refused...) or designer clothes, bags...???? Can't a student get a job here in HK? One could call it, " pre real life experience.."

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  10. #10

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    Quote Originally Posted by shri:
    This could solve a lot of sub prime loan problems...




    From: Loan sharks demand nude photos from students: report_china.com

    Just goes to show how depraved society has become and the low opinion of the worst of their customers.

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