SHOCKING! Young Women in China Forced to Send Nude Selfies to Secure Loans

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Chinese money lenders started to offer loan services that ask the clients to send naked selfies to secure the contract. 

Follow Nexter.org to learn the details.

Source: YouTube/TomoNews US

Nude selfies for loans

More than 100 more cases reported that young women (students) in China were forced to send naked selfies to secure their loans. Money lenders demand naked pics to ensure that the women will pay back.

The China Youth Daily stated that there were found nude pictures and of 167 young women in total. The age of the victims varies from 19 to 23.

Among these materials, 10 gigabytes have reportedly been leaked including sensitive information as contact details and relatives’ addresses.

Source: YouTube/TomoNews US

The problem of the underdeveloped financial system

More than 500 million Chinese students and other millennials cannot borrow money from banks or other traditional financial institutions, that’s why they become an easy catch for the money lenders.

Due to the underdeveloped financial system, people get sick being ignored by banks and traditional financial institutions and called “not good-quality clients”, and consequently fall into the trap of loan monsters that demand even intimate photos to ensure that the clients will pay back.

“I got 5,000 yuan [HK$5,550] in loans in less than three minutes after my submission of nude selfies and videos of myself to the lender,” the China Youth Daily reported the words of one of the women.

The numbers are an evidence: Ping An Bank reported that the average annual growth rate for consumer loans in China is 28%. It’s almost the third part of the whole Chinese population.

Source: YouTube/TomoNews US

In 2017, China’s financial department promised to get rid of such companies with inappropriate demands and unofficial services:

“Amid the rapid development of cash loans—while they have played a role in meeting the normal credit needs of some groups—problems such as over-lending, repeat borrowing, improper collection, abnormally high-interest rates, and privacy violations have become prominent,” Reuters reported.


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SHOCKING! Young Women in China Forced to Send Nude Selfies to Secure Loans
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SHOCKING! Young Women in China Forced to Send Nude Selfies to Secure Loans
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Chinese money lenders started to offer loan services that ask the clients to send naked selfies to secure the contract.  Follow Nexter.org to learn the details. 
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