How hard up for cash would you need to be to give an online loan shark your nude picture as collateral? A borrower is required to hold up a valid ID in the naked selfie. If you don’t pay the loan with exorbitant interest back, then the selfie exposing your bare bits is sent to your family members and posted online. This is apparently a common practice in China, especially by students needing money for college.  

There is nothing new about naked IOUs, an insider told People’s Daily Online, and many people borrow money with nude pictures as collateral. “Once a clear photo of a naked borrower holding his or her ID card is uploaded to lenders, he or she can get up to 15,000 yuan ($2,277) credit with a maximum of 36 month installments.”

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