I received a short message from consumer finance saying that I have submitted the information to the investigation department and will apply for freezing my account. Is it true?

It's true. The bank has regulations that if you don't pay after a certain period of time, you can freeze your assets and dispose of them through the court.

Consumer finance does not have this right, only the court does. The content of the text message is to scare you. Of course, they provide evidence to the court. If you don't go after the trial, the court will rule against you and will definitely implement it. The court will freeze your account.

Extended data:

Consequences of overdue repayment:

1, it's better to keep using this card. After the deadline, the best way is to continue to use this card and overwrite the original negative record with the new normal repayment record. Generally, a new credit record will be generated after 24 months, so that personal credit will not be affected after refreshing the record.

2. Never run away. If it is overdue for a long time, the credit card will generate interest and there will be a high late fee. If you run away, the bank will think you overdraw maliciously and call the police.

3. Inability to repay the loan requires timely explanation. If you can't repay on time due to unemployment or illness, you can apply for deferred repayment and interest concessions before the repayment deadline, state your financial situation and declare that you are not maliciously in arrears.