Does China Xincai only freeze construction bank cards?

Generally, more than just freezing the CCB card, it’s just a matter of time.

Relatively speaking, there are many methods for loan companies to collect debts. Freezing bank cards is only one of the legal debt collection methods. What you need to worry about is not that those bank cards will be frozen, but that you need to pay back quickly.

China Xincai was once one of the credit products favored by many businessmen, entrepreneurs, government civil servants and other high-income people. Huaxia Xincai’s loan products mainly include Huacai, Huaxia Finance, and Huaxia Quick Loan , Jianrong Speed ??Loan, Qianmi Credit Card, etc.

With the changes in my country's P2P policy and changes in the industry environment, China Xincai has fallen into crisis. For this reason, China Xincai has launched legal reminder work, which mainly includes: overdue borrowers will be included in the credit report of the People's Bank of China. The system freezes the borrower's bank card through Shanghai Economic Investigation, and the next step will be to issue an execution order through the court to directly deduct the money or execute it at home.

We need to know that China Xincai itself does not have the right to freeze bank cards. Only law enforcement agencies such as the public security, procuratorate, and law enforcement agencies have the right to freeze. In other words, as long as your bank card is frozen, you will be arrested by the police. The prosecutors are on the lookout.

Currently, freezing bank cards is the company’s main method. The first thing that will be frozen is the bank card of China Construction Bank. Some people have several cards frozen. If the borrower still refuses to fulfill his repayment obligations, the police will Other bank accounts, Alipay accounts, WeChat wallets and other third-party payment accounts will continue to be frozen.

Now, after vigorous rectification of online loans, online loan rectification offices at all levels across the country will incorporate the information of untrustworthy borrowers of online loan platforms who maliciously evade debts into the credit reporting system and make it public through the website. Relevant departments will jointly crack down on untrustworthy behaviors such as running away and losing contact, and will jointly crack down on debt evasion. Regardless of whether the platform is operating normally or the P2P business is terminated, it will not affect the relevant rights and obligations of the parties to the loan contract that have been signed. The borrower should perform its obligation to repay principal and interest in accordance with the law.

In short, failure to repay borrowed money is the root of all problems. If the relevant platform has the ability, it will not only freeze the personal bank card but also further freeze other financial accounts under the personal name. Even long-term failure to repay will result in a court summons. .