Is it true that consumer finance sends a text message saying that it will report to the credit reporting agency and then apply for property preservation?

It may be true, because some consumer financial institutions will sue users who are maliciously overdue, so it is also possible for users to receive the notice of filing arrears. However, many consumer financial institutions and lending platforms will put pressure on debtors by sending SMS notifications, but they have not actually prosecuted, so many people do not believe it.

Article 92 of the Civil Procedure Law of People's Republic of China (PRC), if the whereabouts of the addressee is unknown, or it cannot be served by other means specified in this section, it shall be served by public announcement. Sixty days after the announcement, it shall be deemed to have been delivered. When the announcement is served, the reasons and process shall be recorded in the file.