Car Loan, Payday Loan, Student Loan etc. are everywhere here. In China, loan sharks has just stepped up a notch …. They will lend you money for your pussy pics.
China’s college students use nude selfies to borrow money online
PREDATORY LENDING?
Perhaps not.
It could be a good idea to legalize “Pussy Loan”. But make sure it’s available from legit financial institutions … My point is when people are asking for a small cash loan, they are desperate (usually). And as such, they will pawn anything as collateral to secure the cash … Some may even pawn their life away (suicide bombers?).
That said, the Commie government there should just legalize Naked Loan, Titties Loan, Pussy Loan, or whatever name you choose to call it … Just so the interest rate is manageable, and the borrowers may have the option to go under Bankruptcy Law etc.
Right now, interest for Pussy Loan is a staggering 30% Weekly … Meaning it can never be paid back, certainly not for the income-less college girls.
To Secure Loans, Chinese Women Supply Perilous Collateral: Nude Photos
Chinese university students are using their own nude photos as collateral to borrow money from loan sharks, with the help of the country’s booming—but largely unregulated—online lending market.
Female university students in China are asked to send nude photos of themselves, holding their ID cards, to online lenders, to borrow thousands of yuan. The lenders threaten to contact their parents and make their photos public if they fail to pay back the loans, Southern Metropolis Daily reported.
One student who was identified as Li Li, told the newspaper that she first borrowed just 500 yuan ($76)—at a weekly interest rate of 30%—from a lender on Jiedaibao.com, an online peer-to-peer lending platform owned by Beijing-based private equity fund JD Capital. After paying old loans by taking out new ones, Li said now she owes 55,000 yuan, and the lender is threatening to post her naked photos online.
Pussy Loan – Get 30% return weekly and get to see fresh pussy all the times …What a business
These loans typically range from 500 yuan to 5,000 yuan, and carry a 30% weekly interest rate, even though interest rates for personal loans are capped at 24% annually, the Southern Metropolis Daily said.
Jiedaibao posted a statement on Weibo confirming nude selfie loans do exist, but said the interest rates are agreed between the two parties via other channels.
QQ and Wechat, two popular messaging apps owned by Tencent, are common places to broker the “pussy loans,” according to numerous Chinese media reports. Some loan sharks sell nude photos of female student borrowers for 30 yuan in those online chat groups, even after they have paid back their loans, state newspaper Legal Daily reported.
Now I wonder what is MoneyMart thinking? (MoneyMart is biggest Payday Loan shark in America). Perhaps Apple should just take over MoneyMart and start iPussyLoan via iTune Apps Store in the new Trumpland (USA) … After all, both Apple and MoneyMart kind of share the same business philosophy – FAT PROFIT is all that they care.
Threatening messages from loan sharks, attached to nude photos of female borrowers, are spreading on Chinese social media platforms. In one screenshot that has been widely picked up by Chinese media, a lender threatens to send a nude selfie to a student’s parents if she can’t pay back in a week. The loan shark claims she borrowed 10,000 yuan—at an annual interest rate of 24%—for an abortion after an accidental pregnancy.
Unlike their US counterparts, China’s college students find it hard to get loans for tuition or starting businesses, thanks to limited government support. Shady online P2P lenders have aggressively expanded on college campuses.
That said, ScandalShack.com is now toying with the idea to set up PussyLoan.com … Instant Cash – $100 for Titties, $200 for Pussy, No Question Asked. The amount can be higher if you can prove nude photos will affect your life significantly?
I don’t think so. Guess I’d belly up faster than I can setup the website.