Collateral

"All the payments, and penalties due under the note would be accelerated and due immediately; the entire balance of the loan would be due, not just the monthly payment."

"What's the current balance?"

The loan officer checked his computer screen, "$627,285.26."

"Uh," I grunted as the amount hit me like a brick in the face. I knew it was a lot but 627 thousand might has well have been 627 trillion. We'd never be able to raise that type of cash quickly.

"If Ultra call's the note, how much time would we have to come up with the payoff?" Nicky asked.

"Twenty-four hours."

"That's absurd," I blurted out. "You know there's no way we can come up with that much money in just one day."

"And if we still can't come up with the money after 24 hours?" Nicky asked.

Mr. Brooks sighed, "Then I'm afraid that Ultra would need to give serious consideration to recovering its losses by the repossession of its collateral."

Even the mention of the word "repossession" sent a chill down my spine. I could all but feel the chains on my wrists and ankles already.

"When you're talking about Ultra's collateral, you mean us," Nicky said. "You're talking about us; seizing us and selling us into slavery."

"Well, you are the collateral under the loan agreement," Mr. Brooks said as he slid a copy of our loan agreement across the desk; section 25 was highlighted. "Under section 25 of your loan agreement, you both agreed to a 60 month term of slavery if you default on the loan. In exchange for your loan extension, that's now been extended to 66 months."

Although I'd read it before, I read the collateral section again; this time a lot more carefully than the first. It said:

Section 25 – Collateral. The Borrowers grant to Lender a sixty (60) month servitude security interest in themselves, Nicole Anna Gregg and Kristen Leigh Nguyen, together with all personal and real property owned by the aforesaid Borrowers, hereinafter referred to as "the Collateral." Upon any default as described in section 78 of this agreement, Lender is hereby authorized to repossess the above named Collateral, to declare the Collateral subject to the Voluntary Servitude Act of 2027, to register the Collateral as slaves, and to sell the Collateral at public auction. In the alternative to the above sale, lender may, in its sole discretion, choose to retain the Collateral as slaves for its own use in satisfaction of all debts due and owing by Borrowers. If repossessed, all of the Collateral's rights as a citizens will be suspended, and the Collateral will be titled as personal property. In the event of repossession, the Collateral may be subject to physical restraints, hard labor, confinement, summary discipline, permanent marking, and nudity.

I looked at Nicky. I'd known her since we were children and it was the first time I'd ever seen her truly shaken.

A naked young woman, a mailgirl, jogged up to Mr. Brook's desk. Stunned, I couldn't help but stare at her. Completely nude except for a slave collar; she wasn't even wearing shoes.

Immaculate in her appearance, the mailgirl's hair was clean, well combed, and held behind her head with a rubber band. She wore light makeup and kept her hooch neatly shaven. Athletic in her appearance, the girl's body was toned, her stomach taught, and her buttocks curvaceous and tight.

"Is this the first time you've ever seen a mailgirl?" Mr. Brooks asked.

"No, it's just a little startling that's all," I said.

It wasn't her nudity that startled me, it was the realization that tomorrow it could be me; in 24 hours I could be a mailgirl and I could be delivering messages in an office somewhere, as enslaved and as naked as she was.

As collateral slavery was only four years old, it had been only in the last couple of years that seeing slaves had become commonplace in America. Although nudity laws didn't apply to slaves, at first, masters rarely required their slaves to be nude in public. It was so garish and offensive. However, as slavery developed into a status symbol of wealth, owners began displaying their attractive slaves in the nude had become an ostentatious display of power and success. The brazen display of complete subjugation, nudity, beauty, and obedience made a powerful statement as to the authority and status of the master.

Soon, it wasn't just flamboyant rich men who began to flaunt their success with a display of naked, or nearly naked, slaves. The practice of working enslaved young men and women as mannequins at lingerie shops, store clerks, waitresses, bar tenders, maids, pool boys/girls, cabana boys/girls, artist models, domestics, statuary, masseuses, hosts, and a numerous of other jobs which could benefit from male or female eye candy, caused a variety of industries to begin purchasing attractive young male and female slaves to work nude or semi-nude in their business. Some of the business chose to work their slaves nude for no particular reason - just because they could.

Recently, it had become popular for profitable companies to purchase young, beautiful, and athletic female slaves and use them as nude couriers called mailgirls. While still somewhat rare in most of corporate America, the use of mailgirls became almost ubiquitous in companies involved in the slave trade including bondage bankers such as Ultra.

While I'd seen mailgirls before, today was different. Both Nicky and I had signed a category I slavery commitment to get the loan and one of the duties that a category I slave could be assigned to perform was to become a mailgirl. As I examined the mailgirl standing next to Mr. Brooks, I knew all too well that, depending upon what happened in the next few hours, I could spend the next five and a half years of my life as a naked courier for Ultra or some other business. In little over a day, I could be standing naked right where she was standing and be a naked mailgirl slave just like her, showing off my tits, ass, and hooch to people like Mr. Brooks and everyone else in the building.

At once, the thought was both frightening and sexy. Although the mailgirl was but a lowly slave, she had the attention of almost every man in the office. The mailgirl was, at the same time, both the lowest ranking person in the room and the most desired. Just the thought of spending my days being forced to flaunt myself publicly nude in an office setting was exhilarating. It wouldn't be the worst way to spend the next five and a half years. I was a little bit of an exhibitionist and loved to flirt and, although being a mailgirl was way out of my comfort zone, having hundreds of men a day watch my naked body would be a rush. Still, I wasn't ready to be a slave and spend the next five and a half years of my life in naked servitude.

"Let me introduce you to Marti Combs," Mr. Brooks said. "Ms. Combs is one of our mailgirls,"

Marti gave me a smile and she seemed to be entirely at ease with her nudity even if I wasn't.

"Take this up to Mr. Hudson and tell him that it's urgent," Mr. Brooks said to the mailgirl. "I need a decision on this right away."

"Yes sir," Marti said as she accepted the envelope containing our application for a loan extension and jogged off.

"When will you let us know your decision?" Nicky asked.

"We'll send a letter to your office by a special carrier over in a few hours."

"And if you don't give us the extension?"

"Call me before eleven tomorrow and I can make arrangements to have you picked up so that you can begin serving your slavery commitment. In the meantime, if I were you, I'd take care of any personal affairs."

"Personal affairs?"

"Making arrangements for pets, storing your photos and personal items, informing your families, and things like that. Once your slavery commitment begins, there won't be time for any of that. It's why the law gives you a 24 hour grace period. It's not to come up with the money to pay the loan, everyone knows that's impossible; it's to prepare yourself to spend the next 66 months of your life as a slave."

"What happens if we manage to pay off the loan before repossession?" Nicky asked.

"You'd be free. If the loan were paid, you'd no longer be collateral."