What does it mean that SMS starts with installment finance?

Short message in installment finance is a convenient and fast communication method, which not only facilitates the business promotion and customer service of financial institutions, but also improves the purchase rate and repayment punctuality rate of customers. Installment finance refers to a financial service in which the borrower amortizes the loan amount to multiple periods by installment. This financial model is usually used in consumer goods purchase, tourism, medical care and other fields. The appearance of installment finance provides people with a more convenient way of consumption, and also brings more profit opportunities to financial institutions. Short message of initial payment in installment finance is a common payment method, which has the characteristics of high efficiency and convenience. The creditor sends a collection notice to the borrower by SMS to remind the borrower to repay the loan on time. However, when using collection SMS, it is also necessary to comply with compliance requirements to ensure the legality and rationality of collection behavior. With the continuous development of installment finance, SMS collection will continue to play an important role in promoting borrowers' timely repayment and maintaining the stability and healthy development of financial markets.