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CONSUMER LOANS (Tables)
 9 Months Ended
Sep. 30, 2023
Investments In Consumer Loans Equity Method Investees [Abstract]  
Summary of the Investment in Consumer Loan Companies
The following table summarizes characteristics of the consumer loan portfolio, inclusive of the SpringCastle loans and Marcus loans:
Unpaid Principal BalanceCarrying ValueWeighted Average CouponWeighted Average Expected Life (Years)
September 30, 2023
SpringCastle $275,053 $303,881 18.2 %3.6
Marcus1,200,441 1,132,199 11.1 %1.3
Total consumer loans$1,475,494 $1,436,080 12.4 %1.7
December 31, 2022
SpringCastle$330,428 $363,756 17.8 %3.4
Marcus— — — %—
Total consumer loans$330,428 $363,756 17.8 %3.4
Summary of Consumer Loans, Held-For-Investment
The following table summarizes the past due status and difference between the aggregate unpaid principal balance and the aggregate carrying value of consumer loans:
September 30, 2023December 31, 2022
Days Past DueUPB
Carrying Value(A)
Carrying Value Over (Under) UPBUPB
Carrying Value(A)
Carrying Value Over (Under) UPB
SpringCastle
Current$270,509 $298,905 $28,396 $325,192 $358,057 $32,865 
90+4,544 4,976 432 5,236 5,699 463 
Total SpringCastle$275,053 $303,881 $28,828 $330,428 $363,756 $33,328 
Marcus
Current$1,193,531 $1,125,682 $(67,849)$— $— $— 
90+6,910 6,517 (393)— — — 
Total Marcus$1,200,441 $1,132,199 $(68,242)$— $— $— 
$1,475,494 $1,436,080 $(39,414)$330,428 $363,756 $33,328 
(A)Consumer loans are carried at fair value. See Note 19 regarding fair value measurements.
Summary of Carrying Value of Performing Consumer Loans
The following table summarizes activities related to the carrying value of consumer loans:
SpringCastleMarcusTotal
Balance at December 31, 2022$363,756 $— $363,756 
Purchases— 1,317,347 1,317,347 
Additional fundings(A)
20,675 — 20,675 
Proceeds from repayments(75,681)(197,274)(272,955)
Accretion of loan discount and premium amortization, net7,178 14,103 21,281 
Fair value adjustment due to:
Changes in instrument-specific credit risk3,945 — 3,945 
Other factors(15,992)(1,977)(17,969)
Balance at September 30, 2023$303,881 $1,132,199 $1,436,080 
(A)Represents draws on consumer loans with revolving privileges.