Consumer finance is not a dunning, it refers to a financial service company that provides credit loans for customer consumption. Generally speaking, consumer finance companies are basically licensed, such as Gitzo Consumer Finance Company, Suning Consumer Finance Company and Zhaolian Consumer Finance Company.

Consumption installment refers to a kind of financial service that consumer finance companies provide credit loans to customers for consumption, and customers repay them in accordance with the agreed installment method. Common consumer finance companies include Gitzo, Suning Consumer Finance and Zhaolian Consumer Finance. When the customer fails to repay the loan on time, the funder (that is, the loan provider) will be responsible for the collection, which may include internal collection or entrustment to a third-party collection company. However, collection is not the definition or characteristic of consumption stage, but a treatment method after overdue repayment. It should be noted that different consumer finance companies may have different collection strategies and cooperative third-party collection agencies, so in actual situations, the specific collection behavior may be different. In addition, the collection industry is also regulated by relevant laws and regulations to ensure the legal compliance of collection activities. Therefore, consumption installment and collection are two different concepts. Consumption installment is a way of financial services, and collection is a means of recovery when overdue repayment.