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Concentration of Credit Risk
12 Months Ended
Dec. 31, 2018
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk

7. CONCENTRATION OF CREDIT RISK

 

The Company’s portfolio of finance receivables is with consumers living throughout Alabama, Arizona, California, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Missouri, Nevada, New Jersey, New Mexico, Ohio, Oregon, Pennsylvania, Texas, Utah and Virginia and consequently, such consumers’ ability to honor their installment contracts may be affected by economic conditions in these areas.

 

The Company maintains cash at financial institutions which may, at times, exceed federally insured limits.

 

At December 31, 2018, the Company had cash and cash equivalents exceeding insured limits by $115,934.