10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2018

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________to__________

Commission File Number 1-38315

CURO GROUP HOLDINGS CORP.

(Exact name of registrant as specified in its charter)

Delaware	90-0934597
(State or other jurisdiction Of incorporation or organization)	(I.R.S. Employer Identification No.)
3527 North Ridge Road, Wichita, KS	67205
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (316) 425-1410

Former name, former address and former fiscal year, if changed since last report: No Changes

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes ☒    No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒
Smaller reporting company	☐	Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes ☐    No ☒

At October 31, 2018 there were 45,992,983 shares of the registrant’s Common Stock, $0.001 par value per share, outstanding.

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

FORM 10-Q

THIRD QUARTER ENDED SEPTEMBER 30, 2018

INDEX

		Page
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)
	Condensed Consolidated Balance Sheets –
	September 30, 2018 and December 31, 2017	3
	Condensed Consolidated Statements of (Loss) Income –
	Three and nine months ended September 30, 2018 and 2017	4
	Condensed Consolidated Statements of Comprehensive Income (Loss) –
	Three and nine months ended September 30, 2018 and 2017	5
	Condensed Consolidated Statements of Cash Flows -
	Nine months ended September 30, 2018 and 2017	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	34
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	58
Item 4.	Controls and Procedures	58
PART 2 – OTHER INFORMATION
Item 1.	Legal Proceedings	59
Item 1A.	Risk Factors	59
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	60
Item 3.	Defaults Upon Senior Securities	60
Item 4.	Mine Safety Disclosures	60
Item 5.	Other Information	60
Item 6.	Exhibits	61

2

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

	September 30, 2018			December 31, 2017
	(Unaudited)
ASSETS
Cash	$	153,361		$	162,374
Restricted cash (includes restricted cash of consolidated VIEs of $19,107 and $6,871 as of September 30, 2018 and December 31, 2017, respectively)	24,236			12,117
Gross loans receivable (includes loans of consolidated VIEs of $353,384 and $213,846 as of September 30, 2018 and December 31, 2017, respectively)	567,675			432,837
Less: allowance for loan losses (includes allowance for losses of consolidated VIEs of $49,951 and $46,140 as of September 30, 2018 and December 31, 2017, respectively)	(76,068		)	(69,568		)
Loans receivable, net	491,607			363,269
Deferred income taxes	—			772
Income taxes receivable	16,363			3,455
Prepaid expenses and other	40,109			42,512
Property and equipment, net	79,790			87,086
Goodwill	143,966			145,607
Other intangibles, net of accumulated amortization of $43,250 and $41,156 as of September 30, 2018 and December 31, 2017, respectively)	33,208			32,769
Other	13,090			9,770
Total Assets	$	995,730		$	859,731
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	$	52,853		$	55,792
Deferred revenue	9,667			11,984
Income taxes payable	338			4,120
Accrued interest (includes accrued interest of consolidated VIEs of $1,603 and $1,266 as of September 30, 2018 and December 31, 2017, respectively)	7,391			25,467
Credit services organization guarantee liability	13,243			17,795
Deferred rent	11,288			11,577
Long-term debt (includes long-term debt and issuance costs of consolidated VIEs of $169,666 and $7,710 as of September 30, 2018 and $124,590 and $4,188 as of December 31, 2017, respectively)	868,201			706,225
Subordinated stockholder debt	2,319			2,381
Other long-term liabilities	6,949			5,768
Deferred tax liabilities	13,617			11,486
Total Liabilities	985,866			852,595
Commitments and contingencies
Stockholders' Equity
Preferred stock - $0.001 par value, 25,000,000 shares authorized; no shares were issued at either period end	—			—
Class A common stock - $0.001 par value; 225,000,000 shares authorized; 45,992,983 and 44,561,419 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively)	9			8
Paid-in capital	64,148			46,079
(Accumulated deficit) retained earnings	(3,767		)	3,988
Accumulated other comprehensive loss	(50,526		)	(42,939		)
Total Stockholders' Equity	9,864			7,136
Total Liabilities and Stockholders' Equity	$	995,730		$	859,731

See accompanying Notes to Condensed Consolidated Financial Statements.

3

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME

(in thousands, except per share data)

(unaudited)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Revenue	$	283,004		$	255,119	$	793,745		$	696,643
Provision for losses	134,523			99,341		307,540			226,523
Net revenue	148,481			155,778		486,205			470,120
Cost of providing services
Salaries and benefits	26,515			26,821		80,341			79,554
Occupancy	13,522			13,815		40,269			41,421
Office	7,742			5,715		20,799			15,519
Other costs of providing services	12,604			12,991		39,731			40,954
Advertising	24,114			16,270		51,424			35,599
Total cost of providing services	84,497			75,612		232,564			213,047
Gross margin	63,984			80,166		253,641			257,073
Operating expense
Corporate, district and other	35,185			34,247		114,294			103,797
Interest expense	23,396			18,844		66,210			60,694
Loss on extinguishment of debt	69,200			—		80,883			12,458
Restructuring costs	—			7,393		—			7,393
Total operating expense	127,781			60,484		261,387			184,342
Net (loss) income before income taxes	(63,797		)	19,682		(7,746		)	72,731
(Benefit) provision for income taxes	(16,775		)	9,920		9			29,988
Net (loss) income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Weighted average common shares outstanding:
Basic	45,853			37,908		45,674			37,908
Diluted	48,352			38,914		48,061			38,959
Net income per common share:
Basic earnings per share	$	(1.03	)	$	0.26	$	(0.17	)	$	1.13
Diluted earnings per share:	$	(0.97	)	$	0.25	$	(0.16	)	$	1.10

See accompanying Notes to Condensed Consolidated Financial Statements.

4

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in thousands)

(unaudited)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Net (loss) income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Other comprehensive income (loss):
Cash flow hedges, net of $0 tax in all periods	(187		)	—		(572		)	333
Foreign currency translation adjustment, net of $0 tax in all periods	2,648			8,397		(7,015		)	18,148
Other comprehensive income (loss)	2,461			8,397		(7,587		)	18,481
Comprehensive (loss) income	$	(44,561	)	$	18,159	$	(15,342	)	$	61,224

See accompanying Notes to Condensed Consolidated Financial Statements.

5

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands and unaudited)

	Nine Months Ended September 30,
	2018			2017
Cash flows from operating activities
Net (loss) income	$	(7,755	)	$	42,743
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	14,006			14,120
Provision for loan losses	307,540			226,523
Restructuring costs	—			1,495
Amortization of debt issuance costs	3,411			2,637
Amortization of bond (premium)/discount	(488		)	809
Deferred income tax benefit	3,005			(811		)
Loss on disposal of property and equipment	691			403
Loss on extinguishment of debt	80,883			12,458
Increase in cash surrender value of life insurance	(2,458		)	(1,045		)
Share-based compensation expense	6,112			311
Changes in operating assets and liabilities:
Loans receivable	(444,350		)	(295,127		)
Accounts payable and accrued liabilities	(3,643		)	11,055
Income taxes payable	326			11,387
Income taxes receivable	(12,908		)	4,590
Other liabilities	(16,973		)	(2,136		)
Net cash (used in) provided by operating activities	(72,601		)	29,412
Cash flows from investing activities
Purchase of property, equipment and software	(8,200		)	(7,917		)
Cash paid for Cognical Holdings preferred shares	(958		)	(4,975		)
Changes in restricted cash	(12,284		)	(3,360		)
Net cash used in investing activities	(21,442		)	(16,252		)
Cash flows from financing activities
Net proceeds from issuance of common stock	11,549			—
Proceeds from exercise of stock options	408			—
Proceeds from Non-Recourse U.S. SPV facility	17,000			52,130
Payments on Non-Recourse U.S. SPV facility	(61,590		)	(27,258		)
Proceeds from Non-Recourse Canada SPV facility	89,949			—
Proceeds from issuance of 12.00% Senior Secured Notes	—			461,329
Payments on 10.75% Senior Secured Notes	—			(414,882		)
Payments on 12.00% Senior Secured Notes	(605,000		)	—
Proceeds from 8.25% Senior Secured Notes	690,000			—
Payments on 12.00% Senior Cash Pay Notes	—			(125,000		)
Debt issuance costs paid	(17,517		)	(14,222		)
Proceeds from credit facilities	65,169			33,028
Payments on credit facilities	(36,169		)	(33,028		)
Payments of call premiums from early debt extinguishments	(63,350		)	(11,152		)
Dividends paid to CURO Group Holdings Corp.	—			(166,583		)
Dividends received from CURO Group Holdings Corp.	—			166,583
Dividends paid to stockholders	—			(36,500		)
Net cash provided by (used in) financing activities	90,449			(115,555		)
Effect of exchange rate changes on cash	(5,419		)	4,415
Net decrease in cash	(9,013		)	(97,980		)
Cash at beginning of period	162,374			193,525
Cash at end of period	$	153,361		$	95,545

See accompanying Notes to Condensed Consolidated Financial Statements.

6

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

Basis of Presentation

The terms “CURO," "we,” “our,” “us,” and the “Company,” refer to CURO Group Holdings Corp. and its directly and indirectly owned subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., our wholly-owned subsidiary, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and with the accounting policies described in our 2017 Annual Report on Form 10-K. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with US GAAP have been condensed or omitted, although we believe that the disclosures are adequate to enable a reasonable understanding of the information presented.

The unaudited Condensed Consolidated Financial Statements and the accompanying notes reflect all adjustments, which are, in the opinion of management, necessary to present fairly our results of operations, financial position and cash flows for the periods presented. The adjustments consist solely of normal recurring adjustments. You should read the Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and related Notes included in our 2017 Annual Report on Form 10-K. Interim results of operations are not necessarily indicative of results that may be expected for future interim periods or for the year ending December 31, 2018.

We completed our initial public offering ("IPO") in December 2017. Prior to our IPO, we effected a 36-for-1 split of our common stock. We have retroactively adjusted all share and per share data for all periods presented to reflect the stock split as if the stock split had occurred at the beginning of the earliest period presented.

After our IPO, we initially qualified as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"). As an emerging growth company, we elected to take advantage of specified reduced reporting and other requirements that are otherwise generally required of public companies. In August 2018, we completed the issuance of $690.0 million of 8.25% Senior Secured Notes due 2025 ("2025 Notes"). See Note 5 - Long-Term Debt for further discussion of this issuance. This sale, along with the issuance of $605.0 million of 12.00% Senior Secured Notes due 2022 ("2022 Notes") during 2017 exceeded one of the required thresholds to retain emerging growth company status. Specifically, an emerging growth company loses this status on the date on which it has, during the previous three-year period, issued more than $1 billion in non-convertible debt, provided that none of certain other disqualifying conditions have been triggered. As a result of this change of status, we can no longer take advantage of the specified reduced reporting requirements and need to adopt certain recently issued accounting pronouncements for which we were previously allowed to defer. The impact to our accounting policy adoption practices are further described in Note 1. Additionally, the status change will require us to provide an auditor attestation of internal control over financial reporting under Sarbanes-Oxley Act Section 404(b).

Principles of Consolidation

The Condensed Consolidated Financial Statements include the accounts of CURO and its wholly-owned subsidiaries. We have eliminated intercompany transactions and balances in consolidation.

Use of Estimates

The preparation of Condensed Consolidated Financial Statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the periods reported. Some of the significant estimates that we have made in the accompanying Condensed Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") guarantee liability and estimated tax liabilities. Actual results may differ from those estimates.

Nature of Operations

We are a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumers in the United States ("U.S."), Canada, and the United Kingdom ("U.K.").

7

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Recently Adopted Accounting Pronouncements

In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). Under modification accounting, an entity is required to re-value its equity awards each time there is a modification to the terms of the awards. The provisions in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to account for the effects of a modification, unless certain conditions are met. The amendments in this update were effective for all entities for annual periods, and interim periods therein, beginning after December 15, 2017. ASU 2017-09 was effective for all entities for annual periods, and interim periods therein, as of January 1, 2018. The adoption of this amendment did not have a material impact on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business ("ASU 2017-01"). ASU 2017-01 narrows the definition of a business and provides a framework that gives an entity a basis for making reasonable judgments about whether a transaction involves an asset or a business and provides a screen to determine when a set (an integrated set of assets and activities) is not a business. The screen requires a determination that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU 2017-01 (i) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (ii) removes the evaluation of whether a market participant could replace missing elements. The amendments provide a framework to assist entities in evaluating whether both an input and a substantive process are present. ASU 2017-01 is effective prospectively for public companies for annual periods beginning after December 15, 2017, including interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2017-01 did not have a material impact on our Consolidated Financial Statements.

In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The adoption should be applied using a retrospective transition method to each period presented. ASU 2016-18 is effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2016-18 did not have a material impact on the presentation of our statement of cash flows in our Consolidated Financial Statements.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) (“ASU 2016-15”). The amendments in ASU 2016-15 provide guidance on eight specific cash flow issues, including debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investees and beneficial interests in securitization transactions. ASU 2016-15 was effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2016-15 did not have a material impact on our Consolidated Statement of Cash Flows as we have historically presented debt prepayment and extinguishment costs as outflows from financing activities and we had no other material cash flows impacted by the guidance.

In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”) which requires (i) equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is currently effective for public companies. With our loss of emerging growth company status during 2018, we adopted this guidance during the current quarter. The adoption of ASU 2016-01 did not have a material impact on our Consolidated Financial Statements.

In November 2015, FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-07 eliminates the requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. ASU 2015-17 is currently effective for public companies. With our loss of emerging growth company

8

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

status during 2018, we adopted this guidance during the current quarter. The adoption of ASU 2015-17 did not have a material impact on our Consolidated Financial Statements.

In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers in an amount that reflects the expected consideration received in exchange for those goods or services. In addition to ASU 2014-09, the FASB issued the following ASUs updating the topic:

• In December 2016, ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers

• In May 2016, ASU No. 2016-12 , Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients

• In April 2016, ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing

• In March 2016, ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net).

• In August 2015, ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date

We adopted the provisions of Topic 606 during the quarter, which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition (Topic 605). Topic 606 requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. Most of our revenue is generated from interest or through servicing of financial contracts, both of which are excluded from the scope of ASU 2014-09. As a result, the standard did not have a material impact on our Condensed Financial Statements and we have made no adjustments to retained earnings or prior comparative periods.

Recently Issued Accounting Pronouncements Not Yet Adopted

In August 2018, FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which amends ASC 820, Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The provisions of ASU 2018-13 are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU 2018-13 and delay adoption of the additional disclosures until their effective date. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. We are currently assessing the impact adoption of ASU 2018-13 will have on our Consolidated Financial Statements.

In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive income ("ASU 2018-02"). Current US GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the period the change is enacted, including items of other comprehensive income for which the related tax effects are presented in other comprehensive income (“stranded tax effects”). ASU 2018-02 allows, but does not require, companies to reclassify stranded tax effects caused by the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") from accumulated other comprehensive income to retained earnings. Additionally, ASU 2018-02 requires new disclosures by all companies, whether they opt to do the reclassification or not. The provisions of ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods therein. Early adoption is permitted. Companies should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. We are currently assessing the impact adoption of ASU 2018-02 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplified the goodwill impairment test by eliminating Step 2 of the test which requires an entity to compute the implied fair value of goodwill. Instead, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, and is limited to the amount of total goodwill allocated to that reporting unit. Under ASU 2017-04, an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The provisions of ASU 2017-04 are effective for a public entity's annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We are currently assessing the impact adoption of ASU 2017-04 will have on our Consolidated Financial Statements.

In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). This ASU modifies the impairment model to utilize an expected loss methodology in

9

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods therein. We anticipate that ASU 2016-13 will impact our current process for measuring credit losses and are currently assessing the impact it will have on our Consolidated Financial Statements.

In February 2016, FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. In 2018, FASB released an additional transition method to adopt this new ASU. It allows companies to recognize a cumulative-effect adjustment in the period of adoption and to not restate prior periods. We will elect this transition method and it will be effective for us beginning January 1, 2019, with early adoption permitted. We plan, and are on schedule, to adopt the standard effective January 1, 2019. We expect ASU 2016-02 will have a material impact on our balance sheet with recognition of right-of-use assets and lease liabilities for operating leases. However, we do not expect adoption will have a material impact on our income statement. We do not expect the new standard will have material impacts on our liquidity or on our debt-covenant compliance under our current agreements.

NOTE 2 - VARIABLE INTEREST ENTITIES

At September 30, 2018, we held two credit facilities whereby we sell certain loan receivables to wholly-owned, bankruptcy-remote special purpose subsidiaries, which are considered variable interest entities ("VIEs"). We incur additional debt through the non-recourse facilities (See Note 5 - Long-Term Debt for further discussion) that is collateralized by these underlying loan receivables. We entered into the new Non-Recourse Canada SPV facility in August 2018. We extinguished the Non-Recourse U.S. SPV facility using the using the proceeds from the 8.25% Senior Secured Notes due September 1, 2025 ("8.25% Senior Secured Notes") in October 2018 (See Note 15 - Subsequent Events).

We have determined that we are the primary beneficiary of the VIEs and are required to consolidate them. We include the assets and liabilities related to the VIEs in our Consolidated Financial Statements and we account for them as secured borrowings. We parenthetically disclose on our Consolidated Balance Sheets the VIEs’ assets that can only be used to settle the VIEs' obligations and liabilities if the VIEs’ creditors have no recourse against our general credit.

The carrying amounts of the consolidated VIEs' assets and liabilities associated with our special purpose subsidiaries were as follows (September 30, 2018 includes balances for both the U.S. and Canada VIEs while the December 31, 2017 includes the U.S. VIE):

(in thousands)	September 30, 2018		December 31, 2017
Assets
Restricted cash	$	19,107	$	6,871
Loans receivable less allowance for loan losses	303,433		167,706
Total Assets	$	322,540	$	174,577
Liabilities
Accounts payable and accrued liabilities	$	1,360	$	12
Deferred revenue	149		—
Accrued interest	1,603		1,266
Long-term debt	161,956		120,402
Total Liabilities	$	165,068	$	121,680

10

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

NOTE 3 – LOANS RECEIVABLE AND REVENUE

The following table summarizes revenue by product for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2018		2017		2018		2017
Unsecured Installment	$	148,591	$	128,785	$	405,010	$	343,365
Secured Installment	28,562		26,407		81,195		73,249
Open-End	40,290		18,630		94,735		52,342
Single-Pay	53,205		70,895		178,512		197,926
Ancillary	12,356		10,402		34,293		29,761
Total revenue	$	283,004	$	255,119	$	793,745	$	696,643

The following tables summarize Loans receivable by product and the related delinquent loans receivable at September 30, 2018:

	September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	80,867		$	156,947		$	74,017		$	184,067		$	495,898
Delinquent loans receivable	—			54,618			17,159			—			71,777
Total loans receivable	80,867			211,565			91,176			184,067			567,675
Less: allowance for losses	(3,768		)	(43,066		)	(11,221		)	(18,013		)	(76,068		)
Loans receivable, net	$	77,099		$	168,499		$	79,955		$	166,054		$	491,607

	September 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	21,374	$	8,117	$	29,491
31-60 days past due	16,542		4,395		20,937
61-90 days past due	16,702		4,647		21,349
Total delinquent loans receivable	$	54,618	$	17,159	$	71,777

The following tables summarize Loans receivable by product and the related delinquent loans receivable at December 31, 2017:

	December 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	99,400		$	151,343		$	73,165		$	47,949		$	371,857
Delinquent loans receivable	—			44,963			16,017			—			60,980
Total loans receivable	99,400			196,306			89,182			47,949			432,837
Less: allowance for losses	(5,916		)	(43,754		)	(13,472		)	(6,426		)	(69,568		)
Loans receivable, net	$	93,484		$	152,552		$	75,710		$	41,523		$	363,269

11

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	18,358	$	8,116	$	26,474
31-60 days past due	12,836		3,628		16,464
61-90 days past due	13,769		4,273		18,042
Total delinquent loans receivable	$	44,963	$	16,017	$	60,980

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at September 30, 2018:

	September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	63,688		$	2,425		$	66,113
Delinquent loans receivable guaranteed by the Company	12,119			593			12,712
Total loans receivable guaranteed by the Company	75,807			3,018			78,825
Less: CSO guarantee liability	(12,750		)	(493		)	(13,243		)
Loans receivable guaranteed by the Company, net	$	63,057		$	2,525		$	65,582

	September 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,419	$	462	$	10,881
31-60 days past due	1,077		65		1,142
61-90 days past due	623		66		689
Total delinquent loans receivable	$	12,119	$	593	$	12,712

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at December 31, 2017:

	December 31, 2017
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	62,676		$	3,098		$	65,774
Delinquent loans receivable guaranteed by the Company	12,480			537			13,017
Total loans receivable guaranteed by the Company	75,156			3,635			78,791
Less: CSO guarantee liability	(17,073		)	(722		)	(17,795		)
Loans receivable guaranteed by the Company, net	$	58,083		$	2,913		$	60,996

12

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,477	$	459	$	10,936
31-60 days past due	1,364		41		1,405
61-90 days past due	639		37		676
Total delinquent loans receivable	$	12,480	$	537	$	13,017

The following table summarizes activity in the allowance for loan losses during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Charge-offs	(43,427		)	(37,151		)	(11,188		)	(32,770		)	(3,207		)	(127,743		)
Recoveries	29,500			5,748			2,325			9,191			2,646			49,410
Net charge-offs	(13,927		)	(31,403		)	(8,863		)	(23,579		)	(561		)	(78,333		)
Provision for losses	13,511			39,025			9,698			31,686			561			94,481
Effect of foreign currency translation	(188		)	165			—			189			—			166
Balance, end of period	$	3,768		$	43,066		$	11,221		$	18,013		$	—		$	76,068
Allowance for loan losses as a percentage of gross loan receivables	4.7		%	20.4		%	12.3		%	9.8		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	11,193		$	426		$	11,619
Charge-offs	(44,896		)	(1,087		)	(45,983		)
Recoveries	6,901			665			7,566
Net charge-offs	(37,995		)	(422		)	(38,417		)
Provision for losses	39,552			490			40,042
Balance, end of period	$	12,750		$	493		$	13,243

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373
Charge-offs	(43,427		)	(82,047		)	(12,275		)	(32,770		)	(3,207		)	(173,726		)
Recoveries	29,500			12,649			2,990			9,191			2,646			56,976
Net charge-offs	(13,927		)	(69,398		)	(9,285		)	(23,579		)	(561		)	(116,750		)
Provision for losses	13,511			78,577			10,188			31,686			561			134,523
Effect of foreign currency translation	(188		)	165			(1		)	189			—			165
Balance, end of period	$	3,768		$	55,816		$	11,714		$	18,013		$	—		$	89,311

13

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes activity in the allowance for loan losses during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Charge-offs	(51,709		)	(29,058		)	(8,985		)	(10,437		)	(1,446		)	(101,635		)
Recoveries	31,194			3,169			1,911			4,446			921			41,641
Net charge-offs	(20,515		)	(25,889		)	(7,074		)	(5,991		)	(525		)	(59,994		)
Provision for losses	20,632			31,110			1,989			6,348			525			60,604
Effect of foreign currency translation	(88		)	311			—			—			—			223
Balance, end of period	$	5,342		$	46,938		$	14,111		$	4,880		$	—		$	71,271
Allowance for loan losses as a percentage of gross loan receivables	5.7		%	25.8		%	16.6		%	15.2		%	N/A			18.1		%

The following table summarizes activity in the CSO guarantee liability during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	—		$	14,748		$	834		$	15,582
Charge-offs	(235		)	(43,124		)	(1,487		)	(44,846		)
Recoveries	233			6,326			858			7,417
Net charge-offs	(2		)	(36,798		)	(629		)	(37,429		)
Provision for losses	2			38,106			629			38,737
Balance, end of period	$	—		$	16,056		$	834		$	16,890

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020
Charge-offs	(51,944		)	(72,182		)	(10,472		)	(10,437		)	(1,446		)	(146,481		)
Recoveries	31,427			9,495			2,769			4,446			921			49,058
Net charge-offs	(20,517		)	(62,687		)	(7,703		)	(5,991		)	(525		)	(97,423		)
Provision for losses	20,634			69,216			2,618			6,348			525			99,341
Effect of foreign currency translation	(88		)	311			—			—			—			223
Balance, end of period	$	5,342		$	62,994		$	14,945		$	4,880		$	—		$	88,161

14

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes activity in the allowance for loan losses during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	43,754		$	13,472		$	6,426		$	—		$	69,568
Charge-offs	(135,951		)	(112,630		)	(33,755		)	(76,926		)	(4,475		)	(363,737		)
Recoveries	94,783			18,083			7,487			30,451			2,733			153,537
Net charge-offs	(41,168		)	(94,547		)	(26,268		)	(46,475		)	(1,742		)	(210,200		)
Provision for losses	39,340			93,936			24,017			57,962			1,742			216,997
Effect of foreign currency translation	(320		)	(77		)	—			100			—			(297		)
Balance, end of period	$	3,768		$	43,066		$	11,221		$	18,013		$	—		$	76,068
Allowance for loan losses as a percentage of gross loan receivables	4.7		%	20.4		%	12.3		%	9.8		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(119,632		)	(3,299		)	(122,931		)
Recoveries	25,227			2,610			27,837
Net charge-offs	(94,405		)	(689		)	(95,094		)
Provision for losses	90,082			461			90,543
Balance, end of period	$	12,750		$	493		$	13,243

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	60,827		$	14,194		$	6,426		$	—		$	87,363
Charge-offs	(135,951		)	(232,262		)	(37,054		)	(76,926		)	(4,475		)	(486,668		)
Recoveries	94,783			43,310			10,097			30,451			2,733			181,374
Net charge-offs	(41,168		)	(188,952		)	(26,957		)	(46,475		)	(1,742		)	(305,294		)
Provision for losses	39,340			184,018			24,478			57,962			1,742			307,540
Effect of foreign currency translation	(320		)	(77		)	(1		)	100			—			(298		)
Balance, end of period	$	3,768		$	55,816		$	11,714		$	18,013		$	—		$	89,311

15

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes activity in the allowance for loan losses during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,501		$	17,775		$	10,737		$	5,179		$	—		$	39,192
Charge-offs	(140,614		)	(53,632		)	(15,926		)	(28,113		)	(3,846		)	(242,131		)
Recoveries	94,535			13,803			6,726			13,903			2,450			131,417
Net charge-offs	(46,079		)	(39,829		)	(9,200		)	(14,210		)	(1,396		)	(110,714		)
Provision for losses	45,810			68,264			12,574			13,911			1,396			141,955
Effect of foreign currency translation	110			728			—			—			—			838
Balance, end of period	$	5,342		$	46,938		$	14,111		$	4,880		$	—		$	71,271
Allowance for loan losses as a percentage of gross loan receivables	5.7		%	25.8		%	16.6		%	15.2		%	N/A			18.1		%

The following table summarizes activity in the CSO guarantee liability during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(2,121		)	(104,246		)	(6,790		)	(113,157		)
Recoveries	1,335			23,051			4,041			28,427
Net charge-offs	(786		)	(81,195		)	(2,749		)	(84,730		)
Provision for losses	512			81,621			2,435			84,568
Balance, end of period	$	—		$	16,056		$	834		$	16,890

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,775		$	33,405		$	11,885		$	5,179		$	—		$	56,244
Charge-offs	(142,735		)	(157,878		)	(22,716		)	(28,113		)	(3,846		)	(355,288		)
Recoveries	95,870			36,854			10,767			13,903			2,450			159,844
Net charge-offs	(46,865		)	(121,024		)	(11,949		)	(14,210		)	(1,396		)	(195,444		)
Provision for losses	46,322			149,885			15,009			13,911			1,396			226,523
Effect of foreign currency translation	110			728			—			—			—			838
Balance, end of period	$	5,342		$	62,994		$	14,945		$	4,880		$	—		$	88,161

NOTE 4 – CREDIT SERVICES ORGANIZATION

The CSO fee receivable amounts under our CSO programs were $13.7 million and $14.5 million at September 30, 2018 and December 31, 2017, respectively. As noted, we bear the risk of loss through our guarantee to purchase any defaulted customer loans from the lenders. The terms of these loans range from three to 18 months. As of September 30, 2018 and December 31, 2017, the maximum amount payable under all such guarantees was $65.9 million and $65.2 million, respectively. Our guarantee liability was $13.2 million and $17.8 million at September 30, 2018 and December 31, 2017, respectively.

We have placed $17.0 million and $17.9 million in collateral accounts for the lenders at September 30, 2018 and December 31, 2017, respectively, which is reflected in "Prepaid expenses and other" in the Condensed Consolidated Balance Sheets. The balances required to be maintained in these collateral accounts vary based upon lender but are typically based on a percentage

16

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

of the outstanding loan balances held by the lender. The percentage of outstanding loan balances required for collateral is negotiated between us and each such lender.

NOTE 5 – LONG-TERM DEBT

Long-term debt consisted of the following:

(in thousands)	September 30, 2018		December 31, 2017
8.25% Senior Secured Notes (due 2025)	$	677,245	$	—
12.00% Senior Secured Notes (due 2022)	—		585,823
Non-Recourse U.S. SPV Facility	76,614		120,402
Non-Recourse Canada SPV Facility	85,342		—
Senior Revolver	29,000		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	868,201	$	706,225

Senior Secured Notes

In February and November 2017, CFTC issued $470.0 million and $135.0 million, respectively, of 12.00% Senior Secured Notes due March 1, 2022 ("12.00% Senior Secured Notes"). The February issuance refinanced similar notes that were nearing maturity, and the extinguishment of the existing notes resulted in a pretax loss of $12.5 million during the nine months ended September 30, 2017. In connection with these 12.00% Senior Secured Notes, we capitalized financing costs of approximately $18.3 million, the balance of which is included in the Condensed Consolidated Balance Sheets as a component of Long-term debt and is being amortized over the term of the 12.00% Senior Secured Notes and included as a component of interest expense.

On February 5, 2018, CFTC issued a notice of redemption for $77.5 million of its 12.00% Senior Secured Notes using a portion of the cash proceeds from our IPO as required by the underlying indenture (the transaction whereby the 12.00% Senior Secured Notes were partially redeemed, the “Redemption”). The Redemption occurred on March 7, 2018 at a price equal to 112.00% of the principal amount of the 12.00% Senior Secured Notes redeemed, plus accrued and unpaid interest paid thereon, to the date of Redemption. The Redemption price and the amortization of a corresponding portion of the capitalized financing costs resulted in a loss on Redemption of $11.7 million. Following the Redemption, $527.5 million of the original outstanding principal amount of the 12.00% Senior Secured Notes remain outstanding. CFTC conducted the Redemption pursuant to the Indenture governing the 12.00% Senior Secured Notes (the “Indenture”), dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent.

On August 13, 2018, CGHC issued $690.0 million of 8.25% Senior Secured Notes due September 1, 2025 ("8.25% Senior Secured Notes"). The proceeds from issuance of the 8.25% Senior Secured Notes were used to extinguish the February and November 2017 12.00% Senior Secured Notes due March 1, 2022 and resulted in a pretax loss of $69.2 million during the three months ended September 30, 2018. In connection with the 8.25% Senior Secured Notes, we capitalized financing costs of approximately $12.9 million, the balance of which is included in the Condensed Consolidated Balance Sheet as a component of Long-term debt and is being amortized over the term of the 8.25% Senior Secured Notes and included as a component of interest expense.

As of September 30, 2018, CGHC was in full compliance with the covenants and other provisions of the 8.25% Senior Secured Notes.

Non-Recourse U.S. SPV Facility

In November 2016, CURO Receivables Finance I, LLC, a Delaware limited liability company (the “SPV Borrower”) and our wholly-owned subsidiary, entered into a five-year revolving credit facility that provides an $80.0 million term loan and $70.0 million revolving borrowing capacity that can expand over time (“Non-Recourse U.S. SPV Facility”). The loans bear interest at an annual rate of up to 12.00% plus the greater of (i) 1.0% per annum and (ii) the three-month LIBOR. The SPV Borrower also pays a 0.50% per annum commitment fee on the unused portion of the commitments. During the quarter, we paid $3.9 million of interest. As of September 30, 2018, the SPV Borrower was in full compliance with the covenants and other provisions of the Non-Recourse U.S. SPV Facility. During the three months ended September 30, 2018, a portion of the proceeds from the 8.25% Senior Secured Notes were used to extinguish the revolver's balance of $42.4 million. In October 2018, we extinguished the remaining term loan balance of $80.0 million. We made the final termination payment of $2.7 million on October 26, 2018, resulting in a loss on the extinguishment of debt of $9.7 million in October 2018. See Note 15, "Subsequent Events" for additional details on the October extinguishment.

17

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Non-Recourse Canada SPV Facility

On August 2, 2018, CURO Canada Receivables Limited Partnership, a newly created, bankruptcy-remote special purpose vehicle (the "Canada SPV Borrower") and our wholly-owned subsidiary, entered into a four-year revolving credit facility that provides for C$175.0 million of initial borrowing capacity and the ability to expand such capacity up to C$250.0 million ("Non-Recourse Canada SPV Facility"). The loans bear interest at an annual rate of 6.75% plus the three-month CDOR. The Canada SPV Borrower also pays a 0.50% per annum commitment fee on the unused portion of the commitments. During the quarter, we paid $0.4 million of interest cost. This facility matures in 2022. As of September 30, 2018, the Canada SPV Borrower was in full compliance with the covenants and other provisions of the Non-Recourse Canada SPV Facility.

Senior Revolver

In September 2017, CFTC and CURO Intermediate Holdings Corp., our wholly-owned subsidiary, entered into a $25.0 million Senior Secured Revolving Loan Facility (the “Senior Revolver”). The terms of the Senior Revolver generally conform to the related provisions in the Indenture dated February 15, 2017 for our 12.00% Senior Secured Notes and complements our other financing sources, while providing seasonal short-term liquidity. In February 2018, the Senior Revolver capacity was increased to $29.0 million as permitted by the Indenture to the 12.00% Senior Secured Notes based upon consolidated tangible assets. The Senior Revolver is now syndicated with participation by a second bank.

There is $29.0 million maximum availability under the Senior Revolver, including up to $5.0 million of standby letters of credit, for a one-year term, renewable for successive terms following annual review. As of September 30, 2018, CFTC and CURO Intermediate Holdings Corp. were in full compliance with the covenants and other provisions of the Senior Revolver. The Senior Revolver was fully drawn as of September 30, 2018.

Cash Money Revolving Credit Facility

Cash Money Cheque Cashing, Inc., one of our Canadian subsidiaries, maintains a C$7.3 million revolving credit facility with Royal Bank of Canada (the "Cash Money Revolving Credit Facility"), which provides short-term liquidity required to meet the working capital needs of our Canadian operations. Aggregate draws under this facility are limited to the lesser of: (i) the borrowing base, which is defined as a percentage of cash, deposits in transit and accounts receivable, and (ii) C$7.3 million. As of December 31, 2017, the borrowing capacity under our revolving credit facility was reduced by C$0.3 million in stand-by-letters of credit.

The Cash Money Revolving Credit Facility is collateralized by substantially all of Cash Money’s assets and contains various covenants that include, among other things, that the aggregate borrowings outstanding under the facility not exceed the borrowing base, restrictions on the encumbrance of assets and the creation of indebtedness. Borrowings under the Cash Money Revolving Credit Facility bear interest (per annum) at the prime rate of a Canadian chartered bank plus 1.95%. The Cash Money Revolving Credit Facility was undrawn at September 30, 2018 and December 31, 2017.

In July 2018 the Cash Money Revolving Credit Facility capacity was increased from C$7.3 million to C$10.0 million.

NOTE 6 – SHARE-BASED COMPENSATION

On November 8, 2017, our stockholders approved a new equity plan (“2017 Incentive Plan”). The 2017 Incentive Plan provides for the issuance of up to 5.0 million shares, subject to certain adjustment provisions, for the granting of stock options, restricted stock awards, restricted stock units (“RSUs”), stock appreciation rights, performance awards and other awards that may be settled in or based upon our common stock. Awards may be granted to certain of our officers, employees, consultants and directors. The 2017 Incentive Plan provides that shares of common stock subject to awards granted become available for issuance if such awards expire, terminate, are canceled for any reason or are forfeited by the recipient.

RSUs are typically valued at the date of grant based on the value of our common stock and are expensed using the straight-line method over the service period. Grants of RSUs do not confer full stockholder rights such as voting rights and cash dividends, but provide for additional dividend equivalent RSU awards in lieu of cash dividends. Unvested shares of RSUs may be forfeited upon termination of employment depending on the circumstances of the termination, or failure to achieve the required performance condition, if applicable.

A summary of the status of RSUs as of September 30, 2018 and changes during the nine months ended September 30, 2018 is presented in the following table:

18

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Units		Weighted Average Grant Date Fair Value
December 31, 2017	1,516,241		$	14.00
Granted	90,372		17.46
Vested	(49,994	)	14.20
Forfeited	—		—
September 30, 2018	1,556,619		$	14.19

Share-based compensation expense during the three months ended September 30, 2018 and 2017, which includes compensation costs from stock options and RSUs, was $2.1 million and $0.5 million, respectively, and during the nine months ended September 30, 2018 and 2017 was $6.1 million and $1.8 million, respectively, and is included in the Condensed Consolidated Statements of Income as a component of "Corporate, district and other" expense. The increased expense during the nine months ended September 30, 2018 is primarily due to grants of RSUs in December 2017, as further disclosed in our 2017 Annual Report on Form 10-K.

As of September 30, 2018, there was $16.5 million of unrecognized compensation cost related to share-based awards, which we will recognize over a weighted-average period of 2.2 years.

NOTE 7 – INCOME TAXES

Our effective tax rate was 26.3% and 50.4% during the three months ended September 30, 2018 and 2017, respectively. Our effective tax rate was (0.1)% and 41.2% during the nine months ended September 30, 2018 and 2017, respectively.

On December 22, 2017, the 2017 Tax Act became law, which enacted various changes to the U.S. corporate tax law. Some of the most significant provisions affecting us include a reduced U.S. corporate income tax rate from 35% to 21% effective in 2018, a one-time “deemed repatriation” tax on unremitted earnings accumulated in non-U.S. jurisdictions and reported on the 2017 corporate income tax return, and a 2018 and forward minimum tax on global intangible low-taxed income ("GILTI"). At 2017 year-end, we recorded an estimated provisional deemed repatriation tax of $8.1 million. Subsequently, the IRS issued additional guidance regarding the calculation of the deemed repatriation tax and we recorded an additional accrual of $1.2 million during the period ended March 31, 2018. Through September 30, 2018, we have estimated zero GILTI tax for 2018. Previously, through June, 2018, we had estimated $1.1 million of GILTI tax annually and recorded approximately $0.6 million in the first quarter of 2018. Changes in estimates of foreign sourced income resulted in the reversal of the previously recorded $0.6 million during the three months ended September 30, 2018.

During the three months ended September 30, 2018 we recorded a tax benefit of $3.3 million for the fair market value impact of a 2010 plan that we modified in 2017 creating a taxable event. Additionally, we have not recorded a tax benefit for losses in the U.K. or in certain subsidiaries in Canada.

As of September 30, 2018, we estimated and provided $9.3 million for cumulative undistributed non-U.S. earnings as part of the 2017 repatriation tax provision and the 2018 GILTI tax in the 2017 Tax Act. We intend to reinvest our foreign earnings indefinitely in our non-U.S. operations and therefore have not provided for any non-U.S. withholding tax that would be assessed on dividend distributions. If the earnings of $172.9 million were distributed to the U.S., we would be subject to estimated Canadian withholding taxes of approximately $8.6 million. In the event the earnings were distributed to the U.S., we would adjust our income tax provision for the period and would determine the amount of foreign tax credit that would be available.

NOTE 8 – FINANCIAL INSTRUMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We are required to use valuation techniques that are consistent with the market approach, income approach and/or cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own estimate about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. Accounting standards establish a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The hierarchy requires us to maximize the use of observable inputs and minimize the use of unobservable inputs.

The three levels of inputs used to measure fair value are listed below.

19

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs include quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 – Unobservable inputs reflecting our own judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. We develop these inputs based on the best information available, including our own data.

Financial Assets and Liabilities Not Measured at Fair Value

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at September 30, 2018.

			Estimated Fair Value
(dollars in thousands)	Carrying Value September 30, 2018		Level 1		Level 2		Level 3		September 30, 2018
Financial assets:
Cash	$	153,361	$	153,361	$	—	$	—	$	153,361
Restricted cash	24,236		24,236		—		—		24,236
Loans receivable, net	491,607		—		—		491,607		491,607
Investment in Cognical	6,600		—		—		6,600		6,600
Financial liabilities:
Credit services organization guarantee liability	$	13,243	$	—	$	—	$	13,243	$	13,243
2018 Senior Secured Notes	677,245		—		—		651,848		651,848
Non-Recourse U.S. SPV facility	76,614		—		—		80,000		80,000
Non-Recourse Canada SPV facility	85,342		—		—		89,666		89,666

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at December 31, 2017.

			Estimated Fair Value
(dollars in thousands)	Carrying Value December 31, 2017		Level 1		Level 2		Level 3		December 31, 2017
Financial assets:
Cash	$	162,374	$	162,374	$	—	$	—	$	162,374
Restricted cash	12,117		12,117		—		—		12,117
Loans receivable, net	363,269		—		—		363,269		363,269
Investment in Cognical	5,600		—		—		5,600		5,600
Financial liabilities:
Credit services organization guarantee liability	$	17,795	$	—	$	—	$	17,795	$	17,795
2017 Senior Secured notes	585,823		—		—		663,475		663,475
Non-Recourse U.S. SPV facility	120,402		—		—		124,590		124,590

Loans receivable are carried on the Condensed Consolidated Balance Sheets net of the allowance for estimated loan losses, which we calculate primarily based upon models that back-test subsequent collections history for each type of loan product. The unobservable inputs used to calculate the carrying value include additional quantitative factors, such as current default trends and changes to the portfolio mix are also considered in evaluating the accuracy of the models, as well as additional qualitative factors such as the impact of new loan products, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions. Loans have terms ranging up to 60 months. The carrying value of loans receivable approximates the fair value.

20

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

In connection with our CSO programs, we guarantee consumer loan payment obligations to unrelated third-party lenders for loans that we arrange for consumers on the third-party lenders’ behalf. We are required to purchase from the lender defaulted loans we have guaranteed. The estimated fair value of the guarantee liability related to CSO loans we have guaranteed was $13.2 million and $17.8 million as of September 30, 2018 and December 31, 2017, respectively. We record the initial measurement of this guarantee liability at fair value using Level 3 inputs with subsequent measurement of the liability measured as a contingent loss. The unobservable inputs used to calculate fair value include the nature of the loan products, the creditworthiness of the borrowers in the customer base, our historical loan default history for similar loans, industry loan default history, historical collection rates on similar products, current default trends, past-due account roll rates, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions.

The fair value of our Senior Secured Notes was based on broker quotations. The fair value of the Non-Recourse U.S. SPV facility was based on the cash needed for final settlement.

Derivative Financial Instrument

We seek to minimize risks from foreign currency rate fluctuations on anticipated transactions in the ordinary course of business through the use of cash flow hedges. During the nine months ended September 30, 2018, we entered into a series of cash flow hedges in which the hedging instruments were forwards to purchase £10.4 million. These contracts will complete in the three months ending December 31, 2018.

We performed an assessment that determined all critical terms of the hedging instrument and the hedged transaction match and, as such, have qualitatively concluded that changes in the hedge instrument’s intrinsic value will completely offset the change in the expected cash flows based on changes in the spot rate. Since the effectiveness of this hedge is assessed based on changes in the hedge instrument’s intrinsic value, the change in the time value of the contract would be excluded from the assessment of hedge effectiveness. We recorded changes in the hedge instrument’s intrinsic value, to the extent that they were effective as a hedge, in "Other comprehensive income." As of September 30, 2018 we have recorded an unrealized loss of $0.6 million in "Other comprehensive income" associated with this hedge.

Foreign Currency Forward Contract

On June 29, 2018, we entered into a forward contract that is not designated to receive hedge accounting treatment. The purpose of this forward contract is to reduce income statement volatility resulting from our foreign currency denominated assets and liabilities in Canada and to protect the cash required to settle those items. The forward contract is recorded at fair value on the balance sheet with changes in the fair value being recorded in the income statement. As of September 30, 2018, the forward contract did not have a fair value and did not impact the Condensed Consolidated Financial Statements.

Purchase of Cognical Holdings Inc. Preferred Shares

During the three months ended March 31, 2018, we purchased 560,872 additional preferred shares of Cognical Holdings, Inc. ("Cognical") for $1.0 million. As a result of this transaction, along with share purchases during 2017, we currently own 10.4% of the equity of Cognical. We record these purchases in "Other assets" on our Consolidated Balance Sheets. No additional interest in Cognical was acquired through September 30, 2018.

NOTE 9 – STOCKHOLDERS' EQUITY

In connection with our IPO in December 2017, the underwriters had a 30-day option to purchase up to an additional 1.0 million shares at the initial public offering price, less the underwriting discount to over-allotments, if any. The underwriters exercised this option and purchased 1.0 million shares on January 5, 2018. The exercise of this option provided additional proceeds to us of $13.1 million.

21

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

NOTE 10 – EARNINGS PER SHARE

The following presents the computation of basic earnings per share (in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Basic: (1)
Net income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Weight average common shares	45,853			37,908		45,674			37,908
Basic earnings per share	$	(1.03	)	$	0.26	$	(0.17	)	$	1.13
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred In November 2017.

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Diluted: (1)
Net income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Weighted average common shares - basic	45,853			37,908		45,674			37,908
Dilutive effect of stock options and restricted stock units	2,499			1,006		2,387			1,051
Weighted average common shares - diluted	48,352			38,914		48,061			38,959
Diluted earnings per share	$	(0.97	)	$	0.25	$	(0.16	)	$	1.10
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred in November 2017.

Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss per share are considered to be anti-dilutive and as such, we do not include these shares in calculating "Diluted earnings per share." For the three and nine months ended September 30,2018and 2017, there were no potential common shares excluded from the calculation of diluted earnings per share because their effect was anti-dilutive.

NOTE 11 – SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides supplemental cash flow information:

	Nine Months Ended September 30,
(dollars in thousands)	2018		2017
Cash paid for:
Interest	$	80,748	$	60,089
Income taxes	15,868		16,650
Non-cash investing activities:
Property and equipment accrued in accounts payable	$	1,240	$	208

NOTE 12 – SEGMENT REPORTING

We prepare segment information on the same basis that our chief operating decision maker reviews financial information for operational decision making purposes. We have three reportable operating segments: the U.S., Canada and the U.K.

The segment performance measure below is based on gross margin. In management’s evaluation of performance, certain costs, such as corporate expenses, district expenses and interest expense, are not allocated by segment. Accordingly the following reporting segment results do not include such allocated costs. There are no intersegment revenues, and we determined the amounts below in accordance with the same accounting principles used in our Condensed Consolidated Financial Statements.

22

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table illustrates summarized financial information concerning our reportable segments.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2018		2017		2018		2017
Revenues by segment:
U.S.	$	223,273	$	193,826	$	617,992	$	531,912
Canada	46,209		50,658		139,502		135,819
U.K.	13,522		10,635		36,251		28,912
Consolidated revenue	$	283,004	$	255,119	$	793,745	$	696,643
Gross margin by segment:
U.S.	$	60,105	$	61,103	$	215,497	$	201,354
Canada	489		15,649		28,291		45,911
U.K.	3,390		3,414		9,853		9,808
Consolidated gross margin	$	63,984	$	80,166	$	253,641	$	257,073
Expenditures for long-lived assets by segment:
U.S.	$	4,483	$	1,535	$	6,466	$	6,183
Canada	590		180		1,564		656
U.K.	72		250		170		1,078
Consolidated expenditures for long-lived assets	$	5,145	$	1,965	$	8,200	$	7,917

The following table provides the proportion of gross loans receivable by segment:

(dollars in thousands)	September 30, 2018		December 31, 2017
U.S.	$	344,182	$	308,696
Canada	193,581		104,551
U.K.	29,912		19,590
Total gross loans receivable	$	567,675	$	432,837

The following table illustrates our net long-lived assets, comprised of property and equipment by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located:

(dollars in thousands)	September 30, 2018		December 31, 2017
U.S.	$	48,371	$	52,627
Canada	30,133		32,924
U.K.	1,286		1,535
Total net long-lived assets	$	79,790	$	87,086

Our chief operating decision maker does not review assets by segment for purposes of allocating resources or decision-making purposes; therefore, total assets by segment are not disclosed.

NOTE 13 – CONTINGENT LIABILITIES

Reimbursement Offer; Possible Changes in Payment Practices

During 2017, it was determined that a limited universe of borrowers may have incurred bank overdraft or non-sufficient funds fees because of possible confusion about certain electronic payments we initiated on their loans. As a result, we decided to reimburse such fees through payments or credits against outstanding loan balances, subject to per-customer dollar limitations, upon receipt of (i) claims from potentially affected borrowers stating that they were in fact confused by our practices and (ii) bank statements from such borrowers showing that fees for which reimbursement is sought were incurred at a time that such borrowers might reasonably have been confused about our practices. As of September 30, 2018, net of payments made, we no longer have a liability for this matter.     

23

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Additionally, in June 2018, we discontinued the use of secondary payment cards for affected borrowers referenced above who did not explicitly reauthorize the use of secondary payment cards.  For those borrowers, in the event we cannot obtain payment through the bank account or payment card listed on the borrower’s application, we will need to rely exclusively on other collection methods such as delinquency notices and/or collection calls. Our discontinuance of using secondary cards for affected borrowers will increase collections costs and reduce collections effectiveness.

City of Austin

We were cited on July 5, 2016 by the City of Austin, Texas for alleged violations of the Austin ordinance addressing products offered by CSOs. The Austin ordinance regulates aspects of products offered under our Credit Access Business ("CAB") programs, including loan sizes and repayment terms. We believe that: (i) the Austin ordinance (like its counterparts elsewhere in the state) conflicts with Texas state law and (ii) our product in any event complies with the ordinance, when the ordinance is properly construed. The Austin Municipal Court agreed with our position that the ordinance conflicts with Texas law and, accordingly, did not address our second argument. In September 2017, the Travis County Court reversed the Municipal Court’s decision and remanded the case for further proceedings. We do not anticipate having a final determination of the lawfulness of our CAB program under the Austin ordinance (and similar ordinances in other Texas cities) in the near future. A final adverse decision could potentially result in material monetary liability in Austin and elsewhere in Texas, and would force us to restructure the loans we originate in Austin and elsewhere in Texas.

Other Legal Matters

We are also a defendant in certain routine litigation matters encountered in the ordinary course of our business. Certain of these matters may be covered to an extent by insurance. In the opinion of management, based upon the advice of legal counsel, the likelihood is remote that the impact of any pending legal proceedings and claims, either individually or in the aggregate, would have a material adverse effect on our Consolidated Financial Statements.

NOTE 14 – CONDENSED CONSOLIDATING FINANCIAL INFORMATION

In February 2017, CFTC issued $470.0 million aggregate principal amount 12.00% Senior Secured Notes, the proceeds of which were used together with available cash, to (i) redeem the outstanding 10.75% Senior Secured Notes due 2018 of our wholly-owned subsidiary, CURO Intermediate, (ii) redeem the outstanding 12.00% Senior Cash Pay Notes due 2017 and (iii) pay fees, expenses, premiums and accrued interest in connection with the offering. CFTC sold the Senior Secured Notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) or outside the U.S. to non-U.S. persons in compliance with Regulation S of the Securities Act.

In November 2017, CFTC issued $135.0 million aggregate principal amount of additional 12.00% Senior Secured Notes in a private offering exempt from the registration requirements of the Securities Act (the "Additional Notes Offering"). CFTC used the proceeds from the Additional Notes Offering, together with available cash, to (i) pay a cash dividend, in an amount of $140.0 million to us, CFTC’s sole stockholder, and ultimately our stockholders and (ii) pay fees, expenses, premiums and accrued interest in connection with the Additional Notes Offering. CFTC received the consent of the holders of a majority of the outstanding principal amount of the current Senior Secured Notes to a one-time waiver with respect to the restrictions contained in Section 5.07(a) of the indenture governing the 12.00% Senior Secured Notes to permit the dividend.

In March 2018, CFTC redeemed $77.5 million of the 12.00% Senior Secured Notes at a price equal to 112.00% of the principal amount plus accrued and unpaid interest to the date of redemption. The redemption was conducted pursuant to the indenture governing the 12.00% Senior Secured Notes, dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the indenture, CFTC used a portion of the cash proceeds from our IPO, to redeem such 12.00% Senior Secured Notes.

In August 2018, CGHC issued $690.0 million of 8.25% Senior Secured Notes due September 1, 2025. The proceeds from issuance of the 8.25% Senior Secured Notes were used to extinguish the February and November 2017 12.00% Senior Secured Notes due March 1, 2022. The redemption was conducted pursuant to the indenture governing the 8.25% Senior Secured Notes. See Note 5, "Long-Term Debt," for additional details.

24

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following condensed consolidating financing information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(d) of Regulation S-X promulgated under the Securities Act, presents the condensed consolidating financial information separately for:

(i) CURO as the issuer of the 8.25% Senior Secured Notes;

(ii) CFTC as the issuer of the 12.00% Senior Secured Notes;

(iii) CURO Intermediate as the issuer of the 10.75% senior secured notes that were redeemed in February 2017;

(iv) Our subsidiary guarantors, which are comprised of our domestic subsidiaries, excluding CFTC, U.S. SPV, Canada SPV and CURO Intermediate (the “Subsidiary Guarantors”), on a consolidated basis, which are 100% owned by us, and which are guarantors of the 8.25% Senior Secured Notes issued in August 2018, 12.00% Senior Secured Notes issued in February 2017 and the 10.75% Senior Secured Notes redeemed in February 2017;

(v) Our other subsidiaries on a consolidated basis, which are not guarantors of the Senior Secured Notes (the “Subsidiary Non-Guarantors”)

(vi) Consolidating and eliminating entries representing adjustments to:

a. eliminate intercompany transactions between or among us, the Subsidiary Guarantors and the Subsidiary Non-Guarantors; and

b. eliminate the investments in our subsidiaries;

(vii) Us and our subsidiaries on a consolidated basis.

25

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Condensed Consolidating Balance Sheets

	September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			US SPV			Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	116,142		$	37,219		$	—		$	—		$	—		$	153,361		$	—		$	—	$	153,361
Restricted cash	—			—			1,682			3,447			6,934			12,173			—			24,236			—			—		24,236
Loans receivable, net	—			—			104,925			83,248			185,445			117,989			—			491,607			—			—		491,607
Deferred income taxes	—			—			—			—			—			—			—			—			—			—		—
Income taxes receivable	85,908			(101,972		)	26,129			—			—			—			—			10,065			6,298			—		16,363
Prepaid expenses and other	—			—			35,636			4,473			—			—			—			40,109			—			—		40,109
Property and equipment, net	—			—			48,371			31,419			—			—			—			79,790			—			—		79,790
Goodwill	—			—			91,131			52,835			—			—			—			143,966			—			—		143,966
Other intangibles, net	15			—			6,669			26,524			—			—			—			33,208			—			—		33,208
Intercompany receivable	—			38,177			40,702			(29,618		)	—			—			(49,261		)	—			—			—		—
Investment in subsidiaries	77,725			1,046,983			—			—			—			—			(1,124,708		)	—			(90,538		)	90,538		—
Other	6,618			—			5,467			1,005			—			—			—			13,090			—			—		13,090
Total assets	$	170,266		$	983,188		$	476,854		$	210,552		$	192,379		$	130,162		$	(1,173,969	)	$	989,432		$	(84,240	)	$	90,538	$	995,730
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	904		$	12		$	31,749		$	18,752		$	40		$	1,320		$	—		$	52,777		$	76		$	—	$	52,853
Deferred revenue	—			—			5,625			3,893			118			31			—			9,667			—			—		9,667
Income taxes payable	—			—			—			338			—			—			—			338			—			—		338
Accrued interest	108			—			—			(13		)	990			613			—			1,698			5,693			—		7,391
Payable to CURO Holdings Corp.	—			—			776,988			—			—			—			—			776,988			(776,988		)	—		—
CSO guarantee liability	—			—			13,243			—			—			—			—			13,243			—			—		13,243
Deferred rent	—			—			9,670			1,618			—			—			—			11,288			—			—		11,288
Long-term debt (excluding current maturities)	29,000			—			—			—			76,614			85,342			—			190,956			677,245			—		868,201
Subordinated shareholder debt	—			—			—			2,319			—			—			—			2,319			—			—		2,319
Intercompany payable	233,081			893,971			(998,574		)	(7,180		)	(128,486		)	56,449			(49,261		)	—			—			—		—
Other long-term liabilities	—			—			5,548			1,401			—			—			—			6,949			—			—		6,949
Deferred tax liabilities	(2,289		)	11,480			3,952			604			—			—			—			13,747			(130		)	—		13,617
Total liabilities	260,804			905,463			(151,799		)	21,732			(50,724		)	143,755			(49,261		)	1,079,970			(94,104		)	—		985,866
Stockholder’s equity	(90,538		)	77,725			628,653			188,820			243,103			(13,593		)	(1,124,708		)	(90,538		)	9,864			90,538		9,864
Total liabilities and stockholder’s equity	$	170,266		$	983,188		$	476,854		$	210,552		$	192,379		$	130,162		$	(1,173,969	)	$	989,432		$	(84,240	)	$	90,538	$	995,730

26

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	117,379		$	44,915		$	—		$	—		$	162,294		$	80		$	—	$	162,374
Restricted cash	—			—			1,677			3,569			6,871			—			12,117			—			—		12,117
Loans receivable, net	—			—			84,912			110,651			167,706			—			363,269			—			—		363,269
Deferred income taxes	—			2,154			(4,646		)	3,502			—			—			1,010			(238		)	—		772
Income taxes receivable	—			—			—			—			—			—			—			3,455			—		3,455
Prepaid expenses and other	—			—			38,277			3,353			—			—			41,630			882			—		42,512
Property and equipment, net	—			—			52,627			34,459			—			—			87,086			—			—		87,086
Goodwill	—			—			91,131			54,476			—			—			145,607			—			—		145,607
Other intangibles, net	16			—			5,418			27,335			—			—			32,769			—			—		32,769
Intercompany receivable	—			37,877			33,062			(30,588		)	—			(40,351		)	—			—			—		—
Investment in subsidiaries	(14,504		)	899,371			—			—			—			(884,867		)	—			(84,889		)	84,889		—
Other	5,713			—			3,017			1,040			—			—			9,770			—			—		9,770
Total assets	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,606		$	13		$	35,753		$	15,954		$	12		$	—		$	54,338		$	1,454		$	—	$	55,792
Deferred revenue	—			—			6,529			5,455			—			—			11,984			—			—		11,984
Income taxes payable	(49,738		)	70,231			(18,450		)	2,077			—			—			4,120			—			—		4,120
Accrued interest	24,201			—			—			—			1,266			—			25,467			—			—		25,467
Payable to CURO Holdings Corp.	184,348			—			(95,048		)	—			—			—			89,300			(89,300		)	—		—
CSO guarantee liability	—			—			17,795			—			—			—			17,795			—			—		17,795
Deferred rent	—			—			9,896			1,681			—			—			11,577			—			—		11,577
Long-term debt	585,823			—			—			—			120,402			—			706,225			—			—		706,225
Subordinated shareholder debt	—			—			—			2,381			—			—			2,381			—			—		2,381
Intercompany payable	(668,536		)	876,869			(124,332		)	40,351			(84,001		)	(40,351		)	—			—			—		—
Other long-term liabilities	—			—			3,969			1,799			—			—			5,768			—			—		5,768
Deferred tax liabilities	(2,590		)	6,793			(143		)	7,426			—			—			11,486			—			—		11,486
Total liabilities	76,114			953,906			(164,031		)	77,124			37,679			(40,351		)	940,441			(87,846		)	—		852,595
Stockholder’s equity	(84,889		)	(14,504		)	586,885			175,588			136,898			(884,867		)	(84,889		)	7,136			84,889		7,136
Total liabilities and stockholder’s equity	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731

27

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Condensed Consolidating Statements of Income

	Three Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			US SPV		Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Revenue	$	—		$	—		$	141,384		$	53,337		$	81,889	$	6,394					$	283,004		$	—		$	—	$	283,004
Provision for losses	—			—			58,514			12,691			44,742		18,576						134,523			—			—		134,523
Net revenue	—			—			82,870			40,646			37,147		(12,182		)	—			148,481			—			—		148,481
Cost of providing services:
Salaries and benefits	—			—			17,579			8,936			—		—			—			26,515			—			—		26,515
Occupancy	—			—			7,875			5,647			—		—			—			13,522			—			—		13,522
Office	—			—			5,586			2,156			—		—			—			7,742			—			—		7,742
Other costs of providing services	—			—			10,650			1,364			590		—			—			12,604			—			—		12,604
Advertising	—			—			17,632			6,482			—		—			—			24,114			—			—		24,114
Total cost of providing services	—			—			59,322			24,585			590		—			—			84,497			—			—		84,497
Gross margin	—			—			23,548			16,061			36,557		(12,182		)	—			63,984			—			—		63,984
Operating (income) expense:
Corporate, district and other	(886		)	48			20,663			12,824			59		1			—			32,709			2,476			—		35,185
Intercompany management fee	—			—			(7,259		)	3,014			4,237		8			—			—			—			—		—
Interest expense	12,503			—			(149		)	(45		)	4,004		1,272			—			17,585			5,811			—		23,396
Loss on extinguishment of debt	69,200			—			—			—			—		—			—			69,200			—			—		69,200
Intercompany interest (income) expense	—			(916		)	(654		)	1,570			—		—			—			—			—			—		—
Total operating expense	80,817			(868		)	12,601			17,363			8,300		1,281			—			119,494			8,287			—		127,781
Net (loss) income before income taxes	(80,817		)	868			10,947			(1,302		)	28,257		(13,463		)	—			(55,510		)	(8,287		)	—		(63,797		)
(Benefit) provision for income tax expense	(17,930		)	6,942			(2,177		)	(1,508		)	—		—			—			(14,673		)	(2,102		)	—		(16,775		)
Net (loss) income	(62,887		)	(6,074		)	13,124			206			28,257		(13,463		)	—			(40,837		)	(6,185		)	—		(47,022		)
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—		—			—			—			(40,837		)	40,837		—
CURO Intermediate	(6,074		)	—			—			—			—		—			6,074			—			—			—		—
Guarantor Subsidiaries	13,124			—			—			—			—		—			(13,124		)	—			—			—		—
Non-Guarantor Subsidiaries	206			—			—			—			—		—			(206		)	—			—			—		—
SPV Subs	(13,463		)	—			—			—			—		—			13,463			—			—			—		—
Net (loss) income attributable to CURO	$	(69,094	)	$	(6,074	)	$	13,124		$	206		$	28,257	$	(13,463	)	$	6,207		$	(40,837	)	$	(47,022	)	$	40,837	$	(47,022	)

28

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Three Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	123,608		$	61,293		$	70,218		$	—		$	255,119	$	—		$	—		$	255,119
Provision for losses	—			—			53,906			19,835			25,600			—			99,341		—			—			99,341
Net revenue	—			—			69,702			41,458			44,618			—			155,778		—			—			155,778
Cost of providing services:
Salaries and benefits	—			—			17,555			9,266			—			—			26,821		—			—			26,821
Occupancy	—			—			7,849			5,966			—			—			13,815		—			—			13,815
Office	—			—			4,682			1,123			(90		)	—			5,715		—			—			5,715
Other store operating expenses	—			—			10,990			1,773			228			—			12,991		—			—			12,991
Advertising	—			—			12,004			4,266			—			—			16,270		—			—			16,270
Total cost of providing services	—			—			53,080			22,394			138			—			75,612		—			—			75,612
Gross Margin	—			—			16,622			19,064			44,480			—			80,166		—			—			80,166
Operating (income) expense:
Corporate, district and other	327			15			28,142			8,993			(3,861		)	—			33,616		631			—			34,247
Intercompany management fee	—			—			(10,815		)	4,200			6,615			—			—		—			—			—
Interest expense	15,305			—			(98		)	49			3,588			—			18,844		—			—			18,844
Intercompany interest (income) expense	—			(1,054		)	(173		)	1,227			—			—			—		—			—			—
Loss on extinguishment of debt	—			—			—			—			—			—			—		—			—			—
Restructuring costs	—			—			—			7,393			—			—			7,393		—			—			7,393
Total operating expense	15,632			(1,039		)	17,056			21,862			6,342			—			59,853		631			—			60,484
Net (loss) income before income taxes	(15,632		)	1,039			(434		)	(2,798		)	38,138			—			20,313		(631		)	—			19,682
(Benefit) provision for income tax expense	(7,507		)	17,793			(1,832		)	1,833			—			—			10,287		(367		)	—			9,920
Net (loss) income	(8,125		)	(16,754		)	1,398			(4,631		)	38,138			—			10,026		(264		)	—			9,762
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—			—			—		10,026			(10,026		)	—
CURO Intermediate	(16,754		)	—			—			—			—			16,754			—		—			—			—
Guarantor Subsidiaries	1,398			—			—			—			—			(1,398		)	—		—			—			—
Non-Guarantor Subsidiaries	(4,631		)	—			—			—			—			4,631			—		—			—			—
SPV Subs	38,138			—			—			—			—			(38,138		)	—		—			—			—
Net income (loss) attributable to CURO	$	10,026		$	(16,754	)	$	1,398		$	(4,631	)	$	38,138		$	(18,151	)	$	10,026	$	9,762		$	(10,026	)	$	9,762

29

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Nine Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		US SPV		Canada SPV			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	387,826		$	169,359	$	230,166	$	6,394					$	793,745	$	—		$	—		$	793,745
Provision for losses	—			—			140,603			49,388		98,973		18,576						307,540		—			—			307,540
Net revenue	—			—			247,223			119,971		131,193		(12,182		)	—			486,205		—			—			486,205
Cost of providing services:
Salaries and benefits	—			—			53,668			26,673		—		—			—			80,341		—			—			80,341
Occupancy	—			—			23,164			17,105		—		—			—			40,269		—			—			40,269
Office	—			—			15,416			5,383		—		—			—			20,799		—			—			20,799
Other costs of providing services	—			—			33,934			4,260		1,537		—			—			39,731		—			—			39,731
Advertising	—			—			35,200			16,224		—		—			—			51,424		—			—			51,424
Total cost of providing services	—			—			161,382			69,645		1,537		—			—			232,564		—			—			232,564
Gross margin	—			—			85,841			50,326		129,656		(12,182		)	—			253,641		—			—			253,641
Operating (income) expense:
Corporate, district and other	20			73			74,037			33,180		136		1			—			107,447		6,847			—			114,294
Intercompany management fee	—			—			(21,082		)	9,789		11,285		8			—			—		—			—			—
Interest expense	47,410			—			(321		)	7		12,031		1,272			—			60,399		5,811			—			66,210
Loss on extinguishment of debt	80,883			—			—			—		—		—			—			80,883		—			—			80,883
Intercompany interest (income) expense	—			(2,700		)	(913		)	3,613		—		—			—			—		—			—			—
Total operating expense (income)	128,313			(2,627		)	51,721			46,589		23,452		1,281			—			248,729		12,658			—			261,387
Net (loss) income before income taxes	(128,313		)	2,627			34,120			3,737		106,204		(13,463		)	—			4,912		(12,658		)	—			(7,746		)
(Benefit) provision for income tax expense	(30,189		)	39,107			(8,220		)	2,522		—		—			—			3,220		(3,211		)	—			9
Net (loss) income	(98,124		)	(36,480		)	42,340			1,215		106,204		(13,463		)	—			1,692		(9,447		)	—			(7,755		)
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—			—		1,692			(1,692		)	—
CURO Intermediate	(36,480		)	—			—			—		—		—			36,480			—		—			—			—
Guarantor Subsidiaries	42,340			—			—			—		—		—			(42,340		)	—		—			—			—
Non-Guarantor Subsidiaries	1,215			—			—			—		—		—			(1,215		)	—		—			—			—
SPV Subs	(13,463		)	—			—			—		—		—			13,463			—		—			—			—
Net income (loss) attributable to CURO	$	(104,512	)	$	(36,480	)	$	42,340		$	1,215	$	106,204	$	(13,463	)	$	6,388		$	1,692	$	(7,755	)	$	(1,692	)	$	(7,755	)

30

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Nine Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	337,920		$	164,731	$	193,992		$	—		$	696,643	$	—		$	—		$	696,643
Provision for losses	—			—			118,042			45,865		62,616			—			226,523		—			—			226,523
Net revenue	—			—			219,878			118,866		131,376			—			470,120		—			—			470,120
Cost of providing services:
Salaries and benefits	—			—			53,144			26,410		—			—			79,554		—			—			79,554
Occupancy	—			—			23,785			17,636		—			—			41,421		—			—			41,421
Office	—			—			12,168			3,441		(90		)	—			15,519		—			—			15,519
Other store operating expenses	—			—			36,005			4,657		292			—			40,954		—			—			40,954
Advertising	—			—			24,596			11,003		—			—			35,599		—			—			35,599
Total cost of providing services	—			—			149,698			63,147		202			—			213,047		—			—			213,047
Gross Margin	—			—			70,180			55,719		131,174			—			257,073		—			—			257,073
Operating (income) expense:
Corporate, district and other	3,304			(55		)	71,929			25,500		320			—			100,998		2,799			—			103,797
Intercompany management fee	—			—			(17,624		)	11,009		6,615			—			—		—			—			—
Interest expense	37,761			9,613			(97		)	131		9,976			—			57,384		3,310			—			60,694
Intercompany interest (income) expense	—			(3,244		)	(503		)	3,747		—			—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—			—			11,884		574			—			12,458
Restructuring costs	—			—			—			7,393		—			—			7,393		—			—			7,393
Total operating expense	41,065			18,198			53,705			47,780		16,911			—			177,659		6,683			—			184,342
Net (loss) income before income taxes	(41,065		)	(18,198		)	16,475			7,939		114,263			—			79,414		(6,683		)	—			72,731
(Benefit) provision for income tax expense	(17,633		)	51,964			(7,879		)	6,266		—			—			32,718		(2,730		)	—			29,988
Net (loss) income	(23,432		)	(70,162		)	24,354			1,673		114,263			—			46,696		(3,953		)	—			42,743
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—			—			—		46,696			(46,696		)	—
CURO Intermediate	(70,162		)	—			—			—		—			70,162			—		—			—			—
Guarantor Subsidiaries	24,354			—			—			—		—			(24,354		)	—		—			—			—
Non-Guarantor Subsidiaries	1,673			—			—			—		—			(1,673		)	—		—			—			—
SPV Subs	114,263			—			—			—		—			(114,263		)	—		—			—			—
Net income (loss) attributable to CURO	$	46,696		$	(70,162	)	$	24,354		$	1,673	$	114,263		$	(70,128	)	$	46,696	$	42,743		$	(46,696	)	$	42,743

31

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Condensed Consolidating Statements of Cash Flows

	Nine Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary  Non-Guarantors			U.S. SPV			Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash provided (used)	$	628,468		$	—	$	5,234		$	(4,640	)	$	44,653		$	(73,278	)	$	4,169		$	604,606		$	(677,207	)	$	—	$	(72,601	)
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(6,466		)	(1,734		)				—			—			(8,200		)	—			—		(8,200		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—						—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		(5		)	(5		)	(63		)	(12,211		)	—			(12,284		)	—			—		(12,284		)
Net cash used	(958		)	—		(6,471		)	(1,739		)	(63		)	(12,211		)	—			(21,442		)	—			—		(21,442		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			17,000			—			—			17,000			—			—		17,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(61,590		)	—			—			(61,590		)	—			—		(61,590		)
Proceeds from Non0Recourse Canada SPV facility	—			—		—			—			—			89,949			—			89,949			—			—		89,949
Proceeds from revolving credit facilities	39,000			—		—			26,169			—			—			—			65,169			—			—		65,169
Payments on revolving credit facilities	(10,000		)	—		—			(26,169		)	—			—			—			(36,169		)	—			—		(36,169		)
Proceeds from issuance of common stock	11,549			—		—			—						—			—			11,549			—			—		11,549
Proceeds from exercise of stock options	408			—		—			—						—			—			408			—			—		408
Payments on 12.00% Senior Secured Notes	(605,000		)	—		—			—						—			—			(605,000		)	—			—		(605,000		)
Proceeds from 8.25% Senior Secured Notes	—			—		—			—			—			—			—			—			690,000			—		690,000
Payments of call premiums from early debt extinguishments	(63,350		)	—		—			—			—			—			—			(63,350		)	—			—		(63,350		)
Debt issuance costs paid	(117		)	—		—			—						(4,527		)	—			(4,644		)	(12,873		)	—		(17,517		)
Net cash provided (used)	(627,510		)	—		—			—			(44,590		)	85,422			—			(586,678		)	677,127			—		90,449
Effect of exchange rate changes on cash	—			—		—			(1,317		)	—			67			(4,169		)	(5,419		)	—			—		(5,419		)
Net increase (decrease) in cash	—			—		(1,237		)	(7,696		)	—			—			—			(8,933		)	(80		)	—		(9,013		)
Cash at beginning of period	—			—		117,379			44,915			—			—			—			162,294			80			—		162,374
Cash at end of period	$	—		$	—	$	116,142		$	37,219		$	—		$	—		$	—		$	153,361		$	—		$	—	$	153,361

32

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

	Nine Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash (used) provided	$	(275,549	)	$	423,621		$	(65,982	)	$	(25,579	)	$	(21,384	)	$	(632	)	$	34,495		$	(5,083	)	$	—	$	29,412
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(6,183		)	(1,734		)	—			—			(7,917		)	—			—		(7,917		)
Cash paid for Cognical investment	(4,975		)	—			—			—			—			—			(4,975		)	—			—		(4,975		)
Change in restricted cash	—			459			(3,939		)	120			—			—			(3,360		)	—			—		(3,360		)
Net cash (used) provided	(4,975		)	459			(10,122		)	(1,614		)	—			—			(16,252		)	—			—		(16,252		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			52,130			—			52,130			—			—		52,130
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(27,258		)	—			(27,258		)	—			—		(27,258		)
Proceeds from issuance of 12.00% Senior Secured Notes	461,329			—			—			—			—			—			461,329			—			—		461,329
Proceeds from revolving credit facilities	25,000			—			—			8,028			—			—			33,028			—			—		33,028
Payments from revolving credit facilities	(25,000		)	—			—			(8,028		)	—			—			(33,028		)	—			—		(33,028		)
Payments on 10.75% Senior Secured Notes	—			(414,882		)	—			—			—			—			(414,882		)	—			—		(414,882		)
Payments on 12.00% Senior Cash Pay Notes	—			—			—			—			—			—			—			(125,000		)	—		(125,000		)
Payments of call premiums from early debt extinguishments	—			(11,152		)	—			—			—			—			(11,152		)	—			—		(11,152		)
Dividends (paid) received	(166,583		)	—			—			—			—			—			(166,583		)	130,083			—		(36,500		)
Debt issuance costs paid	(14,222		)	—			—			—			—			—			(14,222		)	—			—		(14,222		)
Net cash provided (used)	280,524			(426,034		)	—			—			24,872			—			(120,638		)	5,083			—		(115,555		)
Effect of exchange rate changes on cash	—			—			—			3,783			—			632			4,415			—			—		4,415
Net (decrease) increase in cash	—			(1,954		)	(76,104		)	(23,410		)	3,488			—			(97,980		)	—			—		(97,980		)
Cash at beginning of period	—			1,954			124,942			63,779			2,770			—			193,445			80			—		193,525
Cash at end of period	$	—		$	—		$	48,838		$	40,369		$	6,258		$	—		$	95,465		$	80		$	—	$	95,545

33

CURO GROUP HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

NOTE 15 – SUBSEQUENT EVENTS

During October 2018, CGHC extinguished the $80.0 million term portion of the Non-Recourse U.S. SPV Facility using the proceeds from the issuance of the 8.25% Senior Secured Notes. We made the final termination payment of $2.7 million on October 26, 2018 which resulted in a total loss on extinguishment of debt of $9.7 million in October 2018. The $9.7 million loss on extinguishment of debt is comprised of a $4.5 million early termination fee, $3.4 million of net deferred financing costs and a $1.8 million make whole premium. We will classify the payments related to the extinguishment as a financing activity in our Consolidated Statement of Cash Flow for the year ended December 31, 2018.

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward Looking Statements

The following discussion of financial condition, results of operations, liquidity and capital resources and certain factors that may affect future results, including economic and industry-wide factors, should be read in conjunction with our Condensed Consolidated Financial Statements and accompanying notes included herein. This Management’s Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements. The matters discussed in these forward-looking statements are subject to risk, uncertainties and other factors that could cause actual results to differ materially from those made, projected or implied in the forward-looking statements. Except as required by applicable law and regulations, we undertake no obligation to update any forward-looking statements or other statements we may make in the following discussion or elsewhere in this document even though these statements may be affected by events or circumstances occurring after the forward-looking statements or other statements were made. Please see the sections titled "Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” in our 2017 Annual Report on Form 10-K for a discussion of the uncertainties, risks and assumptions associated with these statements.

Overview

We are a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumers in the United States ("U.S."), Canada and the United Kingdom ("U.K.") and are a market leader in our industry based on revenues.

History

The CURO business was founded in 1997 to meet the growing needs of consumers looking for access to credit. We set out to offer a variety of convenient, easily-accessible financial and loan services and over our 20 years of operations, expanded across the U.S., Canada and the U.K.

CURO Financial Technologies Corp. ("CFTC") (then known as Speedy Cash Holdings Corp.), was incorporated in Delaware on July 16, 2008. On September 10, 2008, our founders sold or otherwise contributed all of the outstanding equity of the various operating entities that comprised the CURO business to a wholly-owned subsidiary of CFTC in connection with an investment in CFTC by Friedman Fleischer & Lowe Capital Partners II, L.P. and its affiliated funds. CURO Group Holdings Corp. (then known as Speedy Group Holdings Corp.) was incorporated in Delaware on February 7, 2013 as the parent company of CFTC. On May 11, 2016, we changed the name of Speedy Group Holdings Corp. to CURO Group Holdings Corp. We similarly changed the names of some of our subsidiaries.

Our growth has been fueled by acquisitions in the U.S., Canada and the U.K., as well as organically, including the launch of new brands. Recent brand launches include the March 2016 launch of LendDirect, a primarily online Installment and Open-End brand in Alberta, Canada, that is now offered in four provinces, and the June 2017 launch of Avio Credit, an online Installment and Open-End Loan brand in the U.S. market that is currently available in 11 states.

Recent Developments

Metabank. In April 2018, we announced that we expect to begin offering U.S. consumers a new line of credit product through a relationship with MetaBank® ("Meta"), a wholly-owned subsidiary of Meta Financial Group, Inc. CURO and Meta are currently developing the pilot launch. Under the program partnership agreement, Meta may hold up to $350.0 million of product receivables on its balance sheet for the first three years of the relationship, although there can be no assurance as to the level of success in selling this credit product.

34

Underwriter option. On May 21, 2018, certain of our stockholders sold shares of our common stock pursuant to an underwritten public offering, at a price to the public of $23.00 per share. The underwriters subsequently exercised their option to purchase additional shares of our common stock from certain of these selling stockholders, which together with the May offering, totaled more than 5.5 million shares. We did not sell any shares in the offering and did not receive any proceeds from the sale of the shares offered by the selling stockholders in the offering.

Canada SPV Facility. On August 2, 2018, CURO Canada Receivables Limited Partnership, a newly created, bankruptcy-remote special purpose vehicle (the “Canada SPV Borrower”) and our wholly-owned subsidiary, entered into a four-year revolving credit facility with Waterfall Asset Management, LLC that provides for C$175.0 million of initial borrowing capacity and the ability to expand such capacity up to C$250.0 million (“Non-Recourse Canada SPV Facility”). The Non-Recourse Canada SPV Facility is secured by a first lien against all assets of the Canada SPV Borrower, which is a special purpose vehicle into which certain eligible receivables originated by our operating entities in Canada are sold. As of September 30, 2018, the carrying amount of outstanding borrowings from the Non-Recourse Canada SPV Facility was $85.3 million.

Debt offering. On August 27, 2018, CURO Group Holdings Corp. issued $690.0 million 8.25% Senior Secured Notes due 2025. Interest on the notes is payable semiannually, in arrears, on March 1 and September 1 of each year. The net proceeds from the sale of the notes were used, together with available cash, (i) to redeem the outstanding 12.00% Senior Secured Notes due 2022 of our wholly owned subsidiary, CURO Financial Technologies Corp., (ii) to repay the outstanding indebtedness under the CURO Receivables Finance I, LLC, our wholly-owned subsidiary, five-year revolving credit facility consisting of a term loan and revolving borrowing capacity, (iii) for general corporate purposes and (iv) to pay fees, expenses, premiums and accrued interest in connection therewith.

U.S. SPV Facility. During the three months ended September 30, 2018, a portion of the proceeds from the 8.25% Senior Secured Notes were used to extinguish the U.S. SPV Facility's revolver's balance of $42.4 million. In October 2018, we extinguished the remaining term loan balance of $80.0 million. We made the final termination payment of $2.7 million on October 26, 2018, resulting in a loss on the extinguishment of debt of $9.7 million for the quarter ending September 30, 2018. See Note 15, "Subsequent Events" for additional details on the October extinguishment.

U.K. Developments. The U.K. operations continued to experience an elevated level of legal settlement expenses related to customer redress claims. Refer to Results of Operations for further details on the impact of these claims to the U.K. operating results.

Revenue by Product and Segment and Related Loan Portfolio Performance

Revenue by Product

The following table summarizes revenue by product, including CSO fees, for the periods indicated:

	For the Three Months Ended
	September 30, 2018								September 30, 2017
(in thousands)	U.S.		Canada		U.K.		Total		U.S.		Canada		U.K.		Total
Unsecured Installment	$	135,028	$	2,632	$	10,931	$	148,591	$	116,233	$	5,601	$	6,951	$	128,785
Secured Installment	28,562		—		—		28,562		26,407		—		—		26,407
Open-End	27,554		12,736		—		40,290		18,630		—		—		18,630
Single-Pay	27,792		22,822		2,591		53,205		27,753		39,550		3,592		70,895
Ancillary	4,337		8,019		—		12,356		4,803		5,507		92		10,402
Total revenue	$	223,273	$	46,209	$	13,522	$	283,004	$	193,826	$	50,658	$	10,635	$	255,119

During the three months ended September 30, 2018, total lending revenue (excluding revenues from ancillary products) grew $25.9 million, or 10.6%, to $270.6 million, compared to the prior year period, predominantly driven by growth in Installment and Open-End loans. Geographically, revenue in the U.S. and U.K. grew 15.2% and 27.1%, respectively. Canada revenue declined 8.8% primarily due to the continued product mix shift from Single-Pay. From a product perspective, Unsecured Installment revenues rose 15.4% and Secured Installment revenues rose 8.2% driven by related loan growth. Single-Pay revenues were affected primarily by regulatory changes in Canada (rate changes in Alberta, Ontario and British Columbia) leading to a shift to Open-End loans as well as a continued general product shift from Single-Pay to Installment and Open-End loans in all countries. Open-End revenues rose 116.3% on organic growth in the U.S. and the introduction of Open-End products in Virginia and Canada. Open-End adoption in Canada accelerated this quarter as related loan balances grew $87.4 million sequentially from the second quarter. With the accelerated Open-End growth, Single-Pay balances in Canada shrank sequentially by $11.2 million. Ancillary revenues increased 18.8% versus the same quarter a year ago primarily due to non-lending revenue in Canada.

35

The following table summarizes revenue by product, including CSO fees, for the periods indicated:

	For the Nine Months Ended
	September 30, 2018								September 30, 2017
(in thousands)	U.S.		Canada		U.K.		Total		U.S.		Canada		U.K.		Total
Unsecured Installment	$	366,748	$	11,227	$	27,035	$	405,010	$	311,884	$	13,244	$	18,237	$	343,365
Secured Installment	81,195		—		—		81,195		73,249		—		—		73,249
Open-End	76,649		18,086		—		94,735		52,342		—		—		52,342
Single-Pay	78,835		90,461		9,216		178,512		78,961		108,676		10,289		197,926
Ancillary	14,565		19,728		—		34,293		15,476		13,899		386		29,761
Total revenue	$	617,992	$	139,502	$	36,251	$	793,745	$	531,912	$	135,819	$	28,912	$	696,643

During the nine months ended September 30, 2018, total lending revenue (excluding revenues from ancillary products) grew $92.6 million, or 13.9%, to $759.5 million, compared to the prior year period, predominantly driven by growth in Installment loans in the U.S. and U.K. and Open-End loans in the U.S. and Canada. Geographically, revenue in the U.S., Canada and U.K. grew 16.2%, 2.7% and 25.4%, respectively. From a product perspective, Unsecured Installment revenues rose 18.0% and Secured Installment revenues rose 10.8% because of loan growth. Single-Pay revenues and combined loans receivable were affected primarily by regulatory changes in Canada (rate changes in Alberta, Ontario and British Columbia) leading to a shift to Open-End loans as well as a continued general product shift from Single-Pay. Open-End revenues rose 81.0% on organic growth in the U.S. and the introduction of Open-End products in Virginia and Canada. As of September 30, 2018, loan balances for our Open-End product in Canada, which we began offering in the fourth quarter of 2017, grew to $138.7 million. Ancillary revenues increased 15.2% versus the same period a year ago primarily due to non-lending revenue in Canada.

The following charts present revenue composition, including CSO fees, of the products and services that we currently offer for the three months ended September 30, 2018 and 2017:

For the three months ended September 30, 2018 and 2017, revenue generated through our online channel was 47% and 39%, respectively, of consolidated revenue.

36

The following charts present revenue composition, including CSO fees, of the products and services that we currently offer for the nine months ended September 30, 2018 and 2017:

For the nine months ended September 30, 2018 and 2017, revenue generated through our online channel was 44% and 37%, respectively, of consolidated revenue.

Loan Volume and Portfolio Performance Analysis

Unsecured Installment Loans

Unsecured Installment revenue and gross combined loans receivable increased from the prior year quarter due to growth in the U.S., primarily in California and our CSO programs as well as growth in the U.K. Gross combined Unsecured Installment loan balances grew $38.1 million, or 15.3%, compared to September 30, 2017, net of a decline in Canada of $30.2 million due to mix shift to Open-End. Excluding Canada, Gross Unsecured Installment loan balances increased 34.1% year-over-year.

Each of the net charge-off rate and past-due percentage for Company Owned Unsecured Installment loans in the third quarter of 2018 increased approximately 300bps from the third quarter of 2017 due to geographic mix shift. Canadian unsecured installment balances were down $30.2 million compared to prior year due to Open-End migration. However, at the country level, unsecured net charge-off rates improved year-over-year in all cases. The net charge-off rate for the U.S was 100 bps lower year-over-year and net charge-off rates in Canada and the U.K. also declined compared to the same period last year. As Canadian unsecured installment balances declined from the shift to Open-End and U.S. balances grew $46.7 million, the U.S. percentage of total Company Owned Unsecured Installment loan balances rose from 66% to 79% year-over-year. Net charge-off rates in the U.S. are higher than Canada, so this geographic mix shift results in an overall increase in net charge-off rate even though each country’s rate declined. Provision exceeded NCOs for Unsecured Installment by $7.6 million.

Net charge-off rates for Unsecured Installment loans Guaranteed by the Company improved meaningfully from third quarter 2017 on underlying vintage improvement but also because the same quarter last year was affected by Hurricane Harvey. Net charge off rates for this product were higher in the third quarter of 2018 than the second quarter of 2018 following normal seasonal patterns.

Unsecured Installment Allowance coverage for loan losses increased sequentially on a consolidated basis due to the geographic mix shift described above, but remained consistent by geography as noted above. Allowance on Unsecured Installment loans Guaranteed by the Company remained consistent sequentially.

37

	2018									2017
(dollars in thousands, unaudited)	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Unsecured Installment loans:
Revenue - Company Owned	$	75,077		$	63,404		$	66,004		$	67,800		$	61,653
Provision for losses - Company Owned (1)	39,025			27,434			27,477			29,967			31,110
Net revenue - Company Owned	$	36,052		$	35,970		$	38,527		$	37,833		$	30,543
Net charge-offs - Company Owned (1)	$	31,403		$	29,734		$	33,410		$	32,944		$	25,889
Revenue - Guaranteed by the Company	$	73,514		$	60,069		$	66,942		$	69,078		$	67,132
Provision for losses - Guaranteed by the Company (1)	39,552			26,974			23,556			34,001			38,106
Net revenue - Guaranteed by the Company	$	33,962		$	33,095		$	43,386		$	35,077		$	29,026
Net charge-offs - Guaranteed by the Company (1)	$	37,995		$	25,667		$	30,743		$	32,984		$	36,798
Unsecured Installment gross combined loans receivable:
Company Owned	$	211,565		$	179,414		$	171,432		$	196,306		$	181,831
Guaranteed by the Company (2)(3)	75,807			66,351			54,332			75,156			67,438
Unsecured Installment gross combined loans receivable(2)(3)	$	287,372		$	245,765		$	225,764		$	271,462		$	249,269
Unsecured Installment Allowance for loan losses (4)	$	43,066		$	35,277		$	37,916		$	43,755		$	46,938
Unsecured Installment CSO guarantee liability (4)	$	12,750		$	11,193		$	9,886		$	17,072		$	16,056
Unsecured Installment Allowance for loan losses as a percentage of Unsecured Installment gross loans receivable	20.4		%	19.7		%	22.1		%	22.3		%	25.8		%
Unsecured Installment CSO guarantee liability as a percentage of Unsecured Installment gross loans guaranteed by the Company	16.8		%	16.9		%	18.2		%	22.7		%	23.8		%
Unsecured Installment past-due balances:
Unsecured Installment gross loans receivable	$	54,618		$	40,272		$	39,273		$	44,963		$	41,353
Unsecured Installment gross loans guaranteed by the Company	$	12,120		$	10,319		$	8,410		$	12,480		$	10,462
Past-due Unsecured Installment gross loans receivable -- percentage(2)	25.8		%	22.4		%	22.9		%	22.9		%	22.7		%
Past-due Unsecured Installment gross loans guaranteed by the Company -- percentage(2)	16.0		%	15.6		%	15.5		%	16.6		%	15.5		%
Unsecured Installment other information:
Originations - Company Owned	$	142,347		$	128,146		$	99,418		$	135,284		$	137,618
Originations - Guaranteed by the Company (2)	$	91,828		$	84,082		$	60,593		$	82,326		$	83,680
Unsecured Installment other information:
Provision as a percentage of gross loans receivable - Company Owned	18.4		%	15.3		%	16.0		%	15.3		%	17.1		%
Provision as a percentage of gross loans receivable - Guaranteed by the Company	52.2		%	40.7		%	43.4		%	45.2		%	56.5		%
(1) As part of improvements made to our financial reporting processes in 2018, we have reclassified certain provision expense and net charge-off activity to be consistent with current period presentation. We added approximately $2.0 million to third quarter 2017 Provision Expense and Net charge-offs for Company Owned loans and approximately $1.9 million and $1.1 million to third and fourth quarter 2017 Provision Expense and Net charge offs for loans Guaranteed by the Company, respectively.
(2) Includes loans originated by third-party lenders through CSO programs, which are not included in the consolidated financial statements.
(3) Non-GAAP measure - Refer to "Non-GAAP Financial Measures" for further details.
(4) Allowance for loan losses is reported as a contra-asset reducing gross loans receivable while the CSO guarantee liability is reported as a liability on the Consolidated Balance Sheets.

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Secured Installment Loans

Secured Installment gross combined loans receivable balances as of September 30, 2018 increased by $5.5 million, or 6.2%, compared to September 30, 2017, primarily due to growth in Arizona, while related revenue grew 8.2%. Provision expense increased by $7.6 million in the third quarter of 2018 compared to the third quarter of 2017 primarily because of adjustments to the Allowance for loan loss coverage rate during the third quarter of 2017. Third quarter 2018 net charge-off rates for Secured Installment loans increased by 443 basis points from the same period in the prior year but declined 144 basis points from the second quarter of 2018.

Secured Installment Allowance for loan losses and CSO guarantee liability as a percentage of Secured Installment gross loans receivable remained consistent from the second quarter at 12.4%. For the three months ended September 30, 2018, net charge-offs of $9.3 million were consistent with second quarter net charge-offs of $9.0 million. First Pay Defaults ("FPDs") reflect the number of payments made by customers compared to the number of payments scheduled to be paid during a period. FPDs remained flat versus the same period last year.

	2018									2017
(dollars in thousands, unaudited)	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Secured Installment loans:
Revenue	$	28,562		$	25,777		$	26,856		$	27,732		$	26,407
Provision for losses (1)	10,188			7,650			6,640			9,246			2,618
Net revenue	$	18,374		$	18,127		$	20,216		$	18,486		$	23,789
Net charge-offs (1)	$	9,285		$	9,003		$	8,669		$	9,997		$	7,703
Secured Installment gross combined loan balances:
Secured Installment gross combined loans receivable (2)(3)	$	94,194		$	87,434		$	82,534		$	92,817		$	88,730
Secured Installment Allowance for loan losses and CSO guarantee liability (4)	$	11,714		$	10,812		$	12,165		$	14,194		$	14,945
Secured Installment Allowance for loan losses and CSO guarantee liability as a percentage of Secured Installment gross combined loans receivable	12.4		%	12.4		%	14.7		%	15.3		%	16.8		%
Secured Installment past-due balances:
Secured Installment past-due gross loans receivable and gross loans guaranteed by the Company	$	17,754		$	15,246		$	14,756		$	16,554		$	15,265
Past-due Secured Installment gross loans receivable and gross loans guaranteed by the Company -- percentage (3)	18.8		%	17.4		%	17.9		%	17.8		%	17.2		%
Secured Installment other information:
Originations (2)	$	51,742		$	53,597		$	34,750		$	48,577		$	52,526
Secured Installment ratios:
Provision as a percentage of gross combined loans receivable	10.8		%	8.7		%	8.0		%	10.0		%	3.0		%
(1) As part of improvements made to our financial reporting process in 2018, we have reclassified certain provision expense and net charge-off activity to be consistent with current period presentation. We added approximately $3.9 million and $0.8 million from third and fourth quarter 2017 Provision Expense and Net charge-offs, respectively.
(2) Includes loans originated by third-party lenders through CSO programs, which are not included in the Consolidated Financial Statements.
(3) Non-GAAP measure - Refer to "Non-GAAP Financial Measures" for further details.
(4) Allowance for loan losses is reported as a contra-asset reducing gross loans receivable while the CSO guarantee liability is reported as a liability on the Consolidated Balance Sheets.

39

Open-End Loans

Open-End loan balances as of September 30, 2018 increased by $151.9 million, or 472.8%, compared to September 30, 2017 primarily due to the third quarter 2017 launch of Open-End in Canada as we transition from Single-Pay and Installment loans as well as the introduction of Open-End loans in Virginia in the third quarter of 2017. Open-End adoption in Canada accelerated this quarter as related loan balances grew $87.4 million sequentially from the second quarter.

The Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable declined year-over-year and sequentially, primarily due to seasoning of the U.S. portfolio and a shift to Open-End in Canada where losses and required allowance coverage is lower than the U.S. At September 30, 2018, Canadian Open-End gross loans receivable comprised 75.3% of the total Open-End product, compared to none at the end of the prior year quarter. The increase in the third quarter 2018 net charge-off rate is largely a result of significant new customer acquisitions associated with the transition to Open-End loans in Ontario. In addition, we relaxed underwriting selectively in two of our mature U.S. state markets to expand and improve net revenue.

	2018									2017
(dollars in thousands, unaudited)	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Open-End loans:
Revenue	$	40,290		$	27,222		$	27,223		$	21,154		$	18,630
Provision for losses	31,686			14,848			11,428			8,334			6,348
Net revenue	$	8,604		$	12,374		$	15,795		$	12,820		$	12,282
Net charge-offs	$	23,579		$	11,924		$	10,972		$	6,799		$	5,991
Open-End gross loan balances:
Open-End gross loans receivable	$	184,067		$	91,033		$	51,564		$	47,949		$	32,133
Allowance for loan losses	$	18,013		$	9,717		$	6,846		$	6,426		$	4,880
Open-End Allowance for loan losses as a percentage of Open-End gross loans receivable	9.8		%	10.7		%	13.3		%	13.4		%	15.2		%
Open-End ratios:
Provision as a percentage of gross loans receivable	17.2		%	16.3		%	22.2		%	17.4		%	19.8		%

Single-Pay

Single-Pay revenue and related loans receivable during the three months ended September 30, 2018 declined year-over-year compared to the three months ended September 30, 2017 primarily due to regulatory changes in Canada (rate changes in Alberta, Ontario and British Columbia) and the accelerated shift to Open-End loans there, as well as a continued general product shift from Single-Pay to Installment and Open-End loans in all countries. Because of the aforementioned accelerated Open-End growth in Canada ($87.4 million in the quarter), Single-Pay loan balances in Canada shrank sequentially by $11.2 million from the second to third quarter and have stabilized. Provision for losses and net charge-offs were consistent for the quarter and Single-Pay Allowance for loan losses as a percentage of gross loans receivable remained consistent sequentially.

	2018									2017
(dollars in thousands, unaudited)	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Single-pay loans:
Revenue	$	53,205		$	61,602		$	63,705		$	70,868		$	70,895
Provision for losses	13,511			14,527			11,302			17,952			20,632
Net revenue	$	39,694		$	47,075		$	52,403		$	52,916		$	50,263
Net charge-offs	$	13,927		$	14,543		$	12,698		$	17,362		$	20,515
Single-Pay gross loan balances:
Single-Pay gross loans receivable	$	80,867		$	89,575		$	87,075		$	99,400		$	94,476
Single-Pay Allowance for loan losses	$	3,768		$	4,372		$	4,485		$	5,915		$	5,342
Single-Pay Allowance for loan losses as a percentage of Single-Pay gross loans receivable	4.7		%	4.9		%	5.2		%	6.0		%	5.7		%

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Gross Combined Loans Receivable

The following table summarizes Company Owned gross loans receivable, a GAAP balance sheet measure, and reconciles it to gross combined loans receivable, a non-GAAP measure including loans originated by third-party lenders through CSO programs, which are not included in our Condensed Consolidated Financial Statements but from which we earn revenue and for which we provide a guarantee to the lender. Management believes this analysis provides investors with important information needed to evaluate overall lending performance.

	Three Months Ended
(in millions)	September 30, 2018		June 30, 2018		March 31, 2018		December 31, 2017		September 30, 2017
Company Owned gross loans receivable	$	567.7	$	444.6	$	389.8	$	432.8	$	393.4
Gross loans receivable Guaranteed by the Company	78.8		69.2		57.1		78.8		71.2
Gross combined loans receivable	$	646.5	$	513.8	$	446.9	$	511.6	$	464.6

Gross combined loans receivable by product are presented below:

Gross combined loans receivable increased $181.9 million, or 39.1%, to $646.5 million as of September 30, 2018 compared to $464.6 million as of September 30, 2017. Geographically, gross combined loans receivable grew 21.8%, 94.9% and 65.5%, respectively, in the U.S., Canada and U.K.

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Results of Operations - CURO Group Consolidated Operations

Condensed Consolidated Statements of Income

(Unaudited)

(in thousands)	Three Months Ended September 30,										Nine Months Ended September 30,
	2018			2017		Change $			Change %		2018			2017		Change $			Change %
Revenue	$	283,004		$	255,119	$	27,885		10.9	%	$	793,745		$	696,643	$	97,102		13.9	%
Provision for losses	134,523			99,341		35,182			35.4	%	307,540			226,523		81,017			35.8	%
Net revenue	148,481			155,778		(7,297		)	(4.7	)%	486,205			470,120		16,085			3.4	%
Advertising costs	24,114			16,270		7,844			48.2	%	51,424			35,599		15,825			44.5	%
Non-advertising costs of providing services	60,383			59,342		1,041			1.8	%	181,140			177,448		3,692			2.1	%
Total cost of providing services	84,497			75,612		8,885			11.8	%	232,564			213,047		19,517			9.2	%
Gross margin	63,984			80,166		(16,182		)	(20.2	)%	253,641			257,073		(3,432		)	(1.3	)%
Operating expense
Corporate, district and other	35,185			34,247		938			2.7	%	114,294			103,797		10,497			10.1	%
Interest expense	23,396			18,844		4,552			24.2	%	66,210			60,694		5,516			9.1	%
Loss on extinguishment of debt	69,200			—		69,200			#		80,883			12,458		68,425			#
Restructuring costs	—			7,393		(7,393		)	#		—			7,393		(7,393		)	#
Total operating expense	127,781			60,484		67,297			#		261,387			184,342		77,045			41.8	%
Net (loss) income before income taxes	(63,797		)	19,682		(83,479		)	#		(7,746		)	72,731		(80,477		)	#
(Benefit) provision for income taxes	(16,775		)	9,920		(26,695		)	#		9			29,988		(29,979		)	#
Net (loss) income	$	(47,022	)	$	9,762	$	(56,784	)	#		$	(7,755	)	$	42,743	$	(50,498	)	#
# - Variance greater than 100% or not meaningful.

For the three months ended September 30, 2018 and 2017

Revenue and Net Revenue

Revenue increased $27.9 million, or 10.9%, to $283.0 million for the three months ended September 30, 2018 from $255.1 million for the three months ended September 30, 2017. U.S. revenue increased 15.2% on volume growth. Canadian revenue decreased 8.8% primarily due to the continued product mix transitioning from Single-Pay and Installment Loans to Open-End loans. U.K. revenue increased by 27.1%.

Provision for losses increased $35.2 million, or 35.4%, to $134.5 million for the three months ended September 30, 2018 from $99.3 million for the three months ended September 30, 2017. Refer to "Segment Analysis" below for further explanations on the provision for losses.

Cost of Providing Services

The total cost of providing services increased $8.9 million, or 11.8%, to $84.5 million in the three months ended September 30, 2018, compared to $75.6 million in the three months ended September 30, 2017 primarily because of increased customer acquisition spend analyzed further in the segment discussions that follow.

Operating Expenses

Corporate, district and other expense increased $0.9 million, or 2.7%, primarily related to share-based compensation expense.

Provision for Income Taxes

The effective tax benefit rate for the three months ended September 30, 2018 was 26.3% compared to a tax expense rate 50.4% for the three months ended September 30, 2017. As a result of the 2017 Tax Act, the corporate income tax rate for the U.S. decreased from 35% to 21%, effective in 2018. No tax benefit is recognized for losses in the U.K. and certain other Canadian entities that we utilize to launch new products and brands. The lack of tax benefit in these entities was offset in the third quarter of 2018 by a $3.3 million benefit for the fair market value impact of a historic stock option plan that was modified in 2017 creating a taxable event, and by the reversal of $0.6 million of estimated GILTI ("Global Intangible Low-Taxed Income") originally recorded in the first quarter of 2018 based on a shift in the geographic composition of pre-tax income.

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For the nine months ended September 30, 2018 and 2017

Revenue and Net Revenue

Revenue increased $97.1 million, or 13.9%, to $793.7 million for the nine months ended September 30, 2018 from $696.6 million for the nine months ended September 30, 2017. U.S. revenue increased 16.2% on volume growth. Canadian revenue increased 2.7% as volume growth offset regulatory impacts on rates and product mix. U.K. revenue increased by 25.4%.

Provision for losses increased $81.0 million, or 35.8%, to $307.5 million for the nine months ended September 30, 2018 from $226.5 million for the nine months ended September 30, 2017. Refer to “Segment Analysis” below for further explanations on the provision for losses.

Cost of Providing Services

The total cost of providing services increased $19.5 million, or 9.2%, to $232.6 million in the nine months ended September 30, 2018, compared to $213.0 million in the nine months ended September 30, 2017 primarily because of higher customer acquisition spend.

Operating Expenses

Corporate, district and other expense increased $10.5 million, or 10.1%, primarily due to $6.9 million of costs related to customer redress pursuant to a complaint resolution process for all lenders in the U.K, $4.4 million of year-over-year incremental share-based compensation expense and $1.2 million in year-over-year additional compensation expense related to increased collections activity, online customer support and technology headcount.

Provision for Income Taxes

The effective tax benefit rate for the nine months ended September 30, 2018 was (0.1)% compared to a tax expense rate of 41.2% for the nine months ended September 30, 2017. As a result of the 2017 Tax Act, the federal corporate income tax rate for the U.S. decreased from 35% to 21%, effective in 2018. The provision for income tax as of September 30, 2018 includes an additional accrual of $1.2 million for adjustments to estimates of the tax on prior years' foreign repatriation as the result of additional interpretative guidance from the IRS issued during the first quarter of 2018 and the above mentioned impacts of loss entities with no tax benefits and the benefits from stock option exercise.

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Segment Analysis

We report financial results for three reportable segments: the U.S., Canada and the U.K. Following is a recap of results of operations for the segment and period indicated:

U.S. Segment Results	Three Months Ended September 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	223,273		$	193,826		$	29,447		15.2	%
Provision for losses	103,256			79,506			23,750			29.9	%
Net revenue	120,017			114,320			5,697			5.0	%
Advertising costs	17,632			12,005			5,627			46.9	%
Non-advertising costs of providing services	42,280			41,213			1,067			2.6	%
Total cost of providing services	59,912			53,218			6,694			12.6	%
Gross margin	60,105			61,102			(997		)	(1.6	)%
Corporate, district and other	22,360			25,257			(2,897		)	(11.5	)%
Interest expense	22,169			18,795			3,374			18.0	%
Loss on extinguishment of debt	69,200			—			69,200			#
Total operating expense	113,729			44,052			69,677			#
Segment operating (loss) income	(53,624		)	17,050			(70,674		)	#
Interest expense	22,169			18,795			3,374			18.0	%
Depreciation and amortization	3,536			3,447			89			2.6	%
EBITDA	(27,919		)	39,292			(67,211		)	#
Loss on extinguishment of debt	69,200			—			69,200
Legal settlements	(1,297		)	361			(1,658		)
Other adjustments	(99		)	(27		)	(72		)
Transaction related costs	—			123			(123		)
Share-based cash and non-cash compensation	2,089			454			1,635
Adjusted EBITDA	$	41,974		$	40,203		$	1,771		4.4	%
# - Variance greater than 100% or not meaningful

U.S. Segment Results - For the three months ended September 30, 2018 and 2017

Third quarter U.S. revenues increased by $29.4 million, or 15.2%, to $223.3 million.

U.S revenue growth was driven by a $75.8 million, or 21.8%, increase in gross combined loans receivable to $423.0 million at September 30, 2018 compared to $347.2 million at September 30, 2017. We experienced volume growth primarily from Unsecured Installment receivables, which increased year-over-year $55.1 million, or 29.4%, while Open-End receivables increased $13.2 million, or 41.2%, compared to the prior year period. Open-End receivables growth was driven by the 2017 third quarter introduction of Open-End in Virginia, organic growth in Tennessee of 11.3% and growth in Kansas of 13.2%. Secured Installment receivables increased from the prior year period by $5.5 million, or 6.2%.

The increase of $23.8 million, or 29.9%, in provision for losses was primarily driven by sequential loan growth of $55.3 million, or 15.0%. U.S. Company-Owned Unsecured Installment and Secured Installment net charge-offs rates rose modestly year-over-year while net charge-off rates for Unsecured Installment loans Guaranteed by the Company and Single-Pay loans improved from third quarter 2017. Net charge-off rates for Open-End loans increased because we relaxed underwriting selectively in two of our mature state markets to expand and improve net revenue.

U.S. cost of providing services for the three months ended September 30, 2018 was $59.9 million, an increase of $6.7 million, or 12.6%, compared to $53.2 million for the three months ended September 30, 2017. The increase was primarily due to $5.6 million, or 46.9%, higher advertising costs. Advertising for the U.S. online channel comprised $5.0 million of the year-over-year increase, $1.8 million of which related to our new Avio installment and Open-End loans. U.S. store advertising rose 11.2% year-over-year. Advertising as a percentage of revenue was 7.9% compared to 6.5% in the prior quarter, and in the range we expected given the ramping of Avio, the mix shift to online and seasonality.

Corporate, district and other operating expenses decreased $2.9 million compared to the same period in the prior year primarily due to adjustments to variable compensation cost assumptions, lower professional fees and a $1.3 million net reduction of our liabilities related to certain litigation matters, offset by $1.6 million of additional share-based compensation expense.

U.S. Interest expense for the third quarter of 2018 increased by $3.4 million compared to the same period prior year and was affected by the related refinancing transactions. We issued $690.0 million of 8.25% Senior Secured Notes due 2025 on August 27,

44

2018. We subsequently used the proceeds of this issuance to extinguish the remaining $527.5 million 2017 12.00% Senior Secured Notes on September 7, 2018 and the Non-Recourse U.S. SPV Facility on October 11, 2018. We incurred additional interest during the third quarter of 2018 of $3.0 million during the time between the issuance of the Senior Secured Notes due 2025 and the extinguishment of the other existing debt facilities.

U.S. Segment Results	Nine Months Ended September 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	617,992		$	531,912		$	86,080		16.2	%
Provision for losses	239,576			180,658			58,918			32.6	%
Net revenue	378,416			351,254			27,162			7.7	%
Advertising costs	35,200			24,596			10,604			43.1	%
Non-advertising costs of providing services	127,719			125,304			2,415			1.9	%
Total cost of providing services	162,919			149,900			13,019			8.7	%
Gross margin	215,497			201,354			14,143			7.0	%
Corporate, district and other	81,113			78,299			2,814			3.6	%
Interest expense	64,931			60,563			4,368			7.2	%
Loss on extinguishment of debt	80,883			12,458			68,425			#
Total operating expense	226,927			151,320			75,607			50.0	%
Segment operating (loss) income	(11,430		)	50,034			(61,464		)	#
Interest expense	64,931			60,563			4,368			7.2	%
Depreciation and amortization	10,322			10,200			122			1.2	%
EBITDA	63,823			120,797			(56,974		)	(47.2	)%
Loss on extinguishment of debt	80,883			12,458			68,425
Restructuring costs	—			2,523			(2,523		)
Legal settlements	(1,297		)	2,311			(3,608		)
Other adjustments	(224		)	(47		)	(177		)
Share-based cash and non-cash compensation	6,112			1,756			4,356
Adjusted EBITDA	$	149,297		$	139,798		$	9,499		6.8	%
# - Variance greater than 100% or not meaningful

U.S. Segment Results - For the nine months ended September 30, 2018 and 2017

U.S. revenues increased by $86.1 million, or 16.2%, to $618.0 million for the nine months ended September 30, 2018.

U.S revenue growth was driven by a $75.8 million, or 21.8%, increase in gross combined loans receivable to $423.0 million at September 30, 2018 compared to $347.2 million at September 30, 2017. We experienced volume growth primarily from Unsecured Installment receivables, which increased year-over-year $55.1 million, or 29.4%, while Open-End receivables increased $13.2 million, or 41.2%, compared to the prior year period. Open-End receivables growth was driven by the 2017 third quarter introduction of Open-End in Virginia, organic growth in Tennessee of 11.3% and growth in Kansas of 13.2%. Secured Installment receivables increased from the prior year period by $5.5 million, or 6.2%.

The increase of $58.9 million, or 32.6%, in provision for losses was primarily driven by the increase in combined loans receivable as previously discussed.

U.S. cost of providing services were $162.9 million, an increase of $13.0 million, or 8.7%, compared to $149.9 million for the nine months ended September 30, 2017. The increase is primarily due to $10.6 million, or 43.1%, higher advertising costs. Advertising for the U.S. online channel comprised $8.5 million of the year-over-year increase, $4.4 million of which related to our new Avio installment and Open-End loans which launched in the third quarter of 2017. U.S. store advertising rose 15.0% year-over-year. Advertising as a percentage of revenue was 5.7% compared to 4.5% in the prior year, and in the range we expected given the ramping of Avio, the mix shift to online and seasonality.

The $2.8 million increase of corporate, district and other operating expenses includes $4.4 million of additional share-based compensation expense, offset by a $1.3 million net reduction in liabilities for certain litigation matters.

45

Canada Segment Results	Three Months Ended September 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	46,209		$	50,658		$	(4,449	)	(8.8	)%
Provision for losses	24,436			15,718			8,718			55.5	%
Net revenue	21,773			34,940			(13,167		)	(37.7	)%
Advertising costs	3,717			2,899			818			28.2	%
Non-advertising costs of providing services	17,567			16,392			1,175			7.2	%
Total cost of providing services	21,284			19,291			1,993			10.3	%
Gross margin	489			15,649			(15,160		)	(96.9	)%
Corporate, district and other	5,135			4,660			475			10.2	%
Interest expense	1,234			60			1,174			#
Total operating expense	6,369			4,720			1,649			34.9	%
Segment operating (loss) income	(5,880		)	10,929			(16,809		)	#
Interest expense	1,234			60			1,174			#
Depreciation and amortization	1,087			1,170			(83		)	(7.1	)%
EBITDA	(3,559		)	12,159			(15,718		)	#
Legal settlements	119			—			119
Other adjustments	50			(182		)	232
Adjusted EBITDA	$	(3,390	)	$	11,977		$	(15,367	)	#
# - Variance greater than 100% or not meaningful.

Canada Segment Results - For the three months ended September 30, 2018 and 2017

Canada revenue decreased $4.4 million, or 8.8%, to $46.2 million for the three months ended September 30, 2018 from $50.7 million in the prior year period. On a constant currency basis, revenue decreased $2.5 million, or 4.9%. Revenue growth in Canada was impacted by the accelerated product transition from Single-Pay and Unsecured Installment loans to Open-End loans and by regulatory rate changes in Alberta, Ontario and British Columbia.

Single-Pay revenue decreased $16.7 million, or 42.3%, to $22.8 million for the three months ended September 30, 2018 and Single-Pay ending receivables decreased $14.2 million, or 28.3%, to $36.1 million from $50.4 million in the prior year. The decrease in Single-Pay revenue and receivables was due to the product mix shift in Canada from Single-Pay loans to Open-End loans and by regulatory changes that lower pricing year-over-year.

Canadian non-Single-Pay revenue increased $12.3 million, or 110.5%, to $23.4 million compared to $11.1 million the same quarter a year ago on $108.5 million, or 221.6%, growth in related loan balances. The increase was primarily related to the launch of Open-End products in Alberta and Ontario in the fourth quarter of 2017 and significant expansion of the Open-End product in Ontario in the third quarter of 2018.

The provision for losses increased $8.7 million, or 55.5%, to $24.4 million for the three months ended September 30, 2018 compared to $15.7 million in the prior year period because of upfront provisioning on Open-End loan volumes and mix shift from Single-Pay loans and Unsecured Installment to Open-End loans. Total Open-End and Installment loans grew by $82.7 million sequentially during the quarter compared to $6.1 million in the third quarter of 2017. On a constant currency basis, provision for losses increased by $9.8 million, or 62.2%.

The cost of providing services in Canada increased $2.0 million, or 10.3%, to $21.3 million for the three months ended September 30, 2018, compared to $19.3 million in the prior year period. Advertising costs rose $0.8 million, or 28.2%, due to increased spend for online and stores to support the ramp up of our LendDirect brand. The increase in non-advertising cost of providing services was due primarily to loan servicing costs resulting from Canada’s significantly increased loan portfolio. On a constant currency basis, cost of providing services increased $2.9 million, or 15.0%.

Canada operating expenses increased to $6.4 million in the three months ended September 30, 2018 from $4.7 million in the prior year period primarily due to increased interest expense resulting from the Non-Recourse Canada SPV Facility entered into during August 2018.

46

Canada Segment Results	Nine Months Ended September 30,
(dollars in thousands)	2018		2017			Change $			Change %
Revenue	$	139,502	$	135,819		$	3,683		2.7	%
Provision for losses	51,346		36,246			15,100			41.7	%
Net revenue	88,156		99,573			(11,417		)	(11.5	)%
Advertising costs	9,147		6,944			2,203			31.7	%
Non-advertising costs of providing services	50,718		46,718			4,000			8.6	%
Total cost of providing services	59,865		53,662			6,203			11.6	%
Gross margin	28,291		45,911			(17,620		)	(38.4	)%
Corporate, district and other	14,791		12,407			2,384			19.2	%
Interest expense	1,298		142			1,156			#
Total operating expense	16,089		12,549			3,540			28.2	%
Segment operating income	12,202		33,362			(21,160		)	(63.4	)%
Interest expense	1,298		142			1,156			#
Depreciation and amortization	3,306		3,389			(83		)	(2.4	)%
EBITDA	16,806		36,893			(20,087		)	(54.4	)%
Legal settlements	119		—			119
Other adjustments	223		(654		)	877
Adjusted EBITDA	$	17,148	$	36,239		$	(19,091	)	(52.7	)%
# - Variance greater than 100% or not meaningful.

Canada Segment Results - For the nine months ended September 30, 2018 and 2017

Canada revenue improved $3.7 million, or 2.7%, to $139.5 million for the nine months ended September 30, 2018 from $135.8 million in the prior year period. On a constant currency basis, revenue was up $1.7 million, or 1.2%. Revenue growth in Canada was impacted by the accelerated product transition from Single-Pay and Unsecured Installment loans to Open-End loans and by regulatory rate changes in Alberta, Ontario and British Columbia.

Single-Pay revenue decreased $18.2 million, or 16.8%, to $90.5 million for the nine months ended September 30, 2018 and Single-Pay ending receivables decrease of $14.2 million, or 28.3%, to $36.1 million from $50.4 million in the prior year. The decrease in Single-Pay revenue and receivables was due to product mix shift in Canada from Single-Pay loans to Open-End loans and by regulatory changes that lower pricing year-over-year.

Canadian non-Single-Pay revenue increased $21.9 million, or 80.7%, to $49.0 million compared to $27.1 million the same period a year ago on $108.5 million, or 221.6%, growth in related loan balances. The increase was primarily related to the launch of Open-End products in Alberta and Ontario in the fourth quarter of 2017 and significant expansion of the Open-End product in Ontario in the third quarter of 2018.

The provision for losses increased $15.1 million, or 41.7%, to $51.3 million for the nine months ended September 30, 2018 compared to $36.2 million in the prior year period because of loan volumes and mix shift from Single-Pay loans to Unsecured Installment and Open-End loans. On a constant currency basis, provision for losses increased $14.5 million, or 40.1%.

The cost of providing services in Canada increased $6.2 million, or 11.6%, to $59.9 million for the nine months ended September 30, 2018, compared to $53.7 million in the prior year period. The increase was due primarily to $4.0 million, or 8.6%, higher non-advertising costs of providing services compared to the prior year due to $1.6 million of loan servicing costs resulting from Canada's increased loan portfolio and $1.4 million of additional salary expense related to an increase in headcount. The remaining increase is primarily related to occupancy expenses from higher store counts as we have opened seven LendDirect stores since the third quarter of 2017. On a constant currency basis, cost of providing services increased $5.4 million, or 10.0%.

Operating expenses increased $3.5 million, or 28.2%, to $16.1 million in the nine months ended September 30, 2018, from $12.5 million in the prior year period. Corporate, district and other expenses increased by $2.4 million due to increased collections and customer support payroll expenses from seasonality, increased volumes, expansion of the LendDirect business and product shifts from Single-Pay and Unsecured Installment to Open-End loans. Additionally, interest expense increased by $1.2 million due to the Non-Recourse Canada SPV Facility entered into during August 2018. On a constant currency basis, operating expenses increased $3.3 million, or 26.6%.

47

U.K. Segment Results	Three Months Ended September 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	13,522		$	10,635		$	2,887		27.1	%
Provision for losses	6,831			4,117			2,714			65.9	%
Net revenue	6,691			6,518			173			2.7	%
Advertising costs	2,765			1,367			1,398			#
Non-advertising costs of providing services	536			1,737			(1,201		)	(69.1	)%
Total cost of providing services	3,301			3,104			197			6.3	%
Gross margin	3,390			3,414			(24		)	(0.7	)%
Corporate, district and other	7,690			4,330			3,360			77.6	%
Interest income	(7		)	(12		)	(5		)	41.7	%
Restructuring costs	—			7,393			(7,393		)	#
Total operating expense	7,683			11,711			(4,028		)	(34.4	)%
Segment operating loss	(4,293		)	(8,297		)	4,004			48.3	%
Interest income	(7		)	(12		)	(5		)	41.7	%
Depreciation and amortization	124			174			(50		)	(28.7	)%
EBITDA	(4,176		)	(8,135		)	3,959			48.7	%
Legal settlements	3,952			—			3,952
Other adjustments	(6		)	(10		)	4
Restructuring costs	—			7,393			(7,393		)
Adjusted EBITDA	$	(230	)	$	(752	)	$	522		69.4	%
# - Variance greater than 100% or not meaningful

U.K. Segment Results - For the three months ended September 30, 2018 and 2017

U.K. revenue improved $2.9 million, or 27.1%, to $13.5 million for the three months ended September 30, 2018 compared to $10.6 million in the prior year period. Provision for losses increased $2.7 million, or 65.9%, due to upfront provisioning on volume growth, high percentage of new customers in the origination mix, and the product mix from Single-Pay to Installment loans. Installment loans in the U.K. grew sequentially by $7.3 million in the third quarter compared to $1.0 million in the third quarter of 2017. Currency translation for the period did not have a significant impact on net revenue compared to prior year.

The cost of providing services in the U.K. increased $0.2 million, or 6.3%, for the three months ended September 30, 2018 compared to prior year period.

Corporate, district and other expenses increased $3.4 million, or 77.6%, to $7.7 million for the three months ended September 30, 2018 compared to the prior year period. This increase includes costs related to customer redress pursuant to a complaint resolution process for all lenders in the U.K. The cost in the third quarter of 2018 to administer the complaint resolution process and the direct customer redress paid or accrued totaled $4.0 million, an increase of $3.3 million compared to the prior year period.

As we have previously disclosed, our U.K. operating results have experienced an elevated level of legal settlement expenses related to customer redress pursuant to a complaint resolution process for all lenders in the U.K. During the quarter ended September 30, 2018, these costs totaled $4.0 million. After careful consideration, we do not believe that, given the scale of our U.K. operations, we can sustain claims at this level and may not be able to continue viable U.K. business operations without action by the U.K. business to reduce the risk of claims relating to historic lending. We have been in ongoing discussions with relevant regulators, including the Financial Conduct Authority (“FCA”) and the Financial Ombudsman Service with regard to our alternatives. While these discussions are ongoing, the FCA has provided a Final Requirement Notice of a limited-scope review of the options being considered, to be conducted by a Skilled Person under section 166 of the (U.K.) Financial Services and Markets Act 2000. We have formally engaged a Skilled Person and have begun the review. We are evaluating, and are discussing with the FCA, several potential courses of action including potential solutions to allow the firm to finally resolve liabilities associated with historic lending. The potential alternatives under consideration may require approval of the FCA, consent under certain of our debt facilities and court approval in the U.K. We have not determined to pursue any specific alternative at this time and are continuing to evaluate our options.

48

U.K. Segment Results	Nine Months Ended September 30,
(dollars in thousands)	2018			2017			Change $			Change %
Revenue	$	36,251		$	28,912		$	7,339		25.4	%
Provision for losses	16,618			9,619			6,999			72.8	%
Net revenue	19,633			19,293			340			1.8	%
Advertising costs	7,077			4,059			3,018			74.4	%
Non-advertising costs of providing services	2,703			5,426			(2,723		)	(50.2	)%
Total cost of providing services	9,780			9,485			295			3.1	%
Gross margin	9,853			9,808			45			0.5	%
Corporate, district and other	18,390			13,091			5,299			40.5	%
Interest income	(19		)	(11		)	8			(72.7	)%
Restructuring costs	—			7,393			(7,393		)	#
Total operating expense	18,371			20,473			(2,102		)	(10.3	)%
Segment operating loss	(8,518		)	(10,665		)	2,147			(20.1	)%
Interest income	(19		)	(11		)	8			(72.7	)%
Depreciation and amortization	378			531			(153		)	(28.8	)%
EBITDA	(8,159		)	(10,145		)	1,986			(19.6	)%
Legal settlements	3,952			—			3,952
Other adjustments	(48		)	(28		)	(20		)
Restructuring costs	—			7,393			(7,393		)
Adjusted EBITDA	$	(4,255	)	$	(2,780	)	$	(1,475	)	53.1	%
# - Variance greater than 100% or not meaningful

U.K. Segment Results - For the nine months ended September 30, 2018 and 2017

U.K. revenue improved $7.3 million, or 25.4%, to $36.3 million for the nine months ended September 30, 2018 compared to $28.9 million in the prior year period. On a constant currency basis, revenue was up $5.4 million, or 18.8%. Provision for losses increased $7.0 million, and, on a constant currency basis, increased $6.1 million, or 63.9%, due to volume growth.

The cost of providing services in the U.K. increased $0.3 million, or 3.1%, for the nine months ended September 30, 2018 compared to prior year period. On a constant currency basis, the cost of providing services decreased $0.3 million, or 2.8%.

Corporate, district and other expenses increased $5.3 million, or 40.5%, to $18.4 million for the nine months ended September 30, 2018 compared to the prior year period. This increase includes costs related to customer redress pursuant to a complaint resolution process for all lenders in the U.K. The cost in the nine months ended September 30, 2018 to administer the complaint resolution process and the direct customer redress paid or accrued totaled $6.9 million, an increase of $5.3 million compared to the prior year period. On a constant currency basis, corporate, district and other expenses increased $4.4 million, or 33.5%.

Supplemental Non-GAAP Financial Information

Non-GAAP Financial Measures

In addition to the financial information prepared in conformity with U.S. GAAP, we provide certain “non-GAAP financial measures” as defined under SEC rules, including:

• Adjusted Net Income and Adjusted Earnings Per Share, or the Adjusted Earnings Measures (net income plus or minus gain (loss) on extinguishment of debt, restructuring and other costs, goodwill and intangible asset impairments, transaction-related costs, share-based compensation, intangible asset amortization and cumulative tax effect of adjustments, on a total and per share basis);

• EBITDA (earnings before interest, income taxes, depreciation and amortization);

• Adjusted EBITDA (EBITDA plus or minus certain non-cash and other adjusting items); and

• Gross Combined Loans Receivable (includes loans originated by third-party lenders through CSO programs which are not included in our Consolidated Financial Statements).

We believe that presentation of non-GAAP financial information is meaningful and useful in understanding the activities and business metrics of our operations. We believe that these non-GAAP financial measures reflect an additional way of viewing aspects of our business that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting our business.

49

We believe that investors regularly rely on non-GAAP financial measures, such as Adjusted Net Income, Adjusted Earnings per Share, EBITDA and Adjusted EBITDA, to assess operating performance and that such measures may highlight trends in the business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. In addition, we believe that the adjustments shown below are useful to investors in order to allow them to compare our financial results during the periods shown without the effect of each of these income or expense items. In addition, we believe that Adjusted Net Income, Adjusted Earnings per Share, EBITDA and Adjusted EBITDA are frequently used by securities analysts, investors and other interested parties in the evaluation of public companies in our industry, many of which present Adjusted Net Income, Adjusted Earnings per Share, EBITDA and/or Adjusted EBITDA when reporting their results.

In addition to reporting loans receivable information in accordance with GAAP, we provide Gross Combined Loans Receivable consisting of owned loans receivable plus loans originated by third-party lenders through the CSO programs, which we guarantee but do not include in the Consolidated Financial Statements. Management believes this analysis provides investors with important information needed to evaluate overall lending performance.

We provide non-GAAP financial information for informational purposes and to enhance understanding of our GAAP Consolidated Financial Statements. Adjusted Net Income, Adjusted Earnings per Share, EBITDA, Adjusted EBITDA and Gross Combined Loans Receivable should not be considered as alternatives to income from continuing operations, segment operating income, or any other performance measure derived in accordance with U.S. GAAP, or as an alternative to cash flows from operating activities or any other liquidity measure derived in accordance with U.S. GAAP. Rather, these measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes.

Description and Reconciliations of Non-GAAP Financial Measures

Adjusted Earnings Measures, EBITDA and Adjusted EBITDA have limitations as analytical tools, and you should not consider these measures in isolation or as a substitute for analysis of our income or cash flows as reported under U.S. GAAP. Some of these limitations are:

• they do not include our cash expenditures or future requirements for capital expenditures or contractual commitments;

• they do not include changes in, or cash requirements for our working capital needs;

• they do not include the interest expense, or the cash requirements necessary to service interest or principal payments on our debt;

• depreciation and amortization are non-cash expense items reported in our statements of cash flows; and

• other companies in our industry may calculate these measures differently, limiting their usefulness as comparative measures.

As noted above, Gross Combined Loans Receivable includes loans originated by third-party lenders through CSO programs which are not included in the Consolidated Financial Statements but from which we earn revenue and for which we provide a guarantee to the lender. Management believes this analysis provides investors with important information needed to evaluate overall lending performance.

We evaluate our stores based on revenue per store, net charge-offs at each store and EBITDA per store, with consideration given to the length of time a store has been open and its geographic location. We monitor newer stores for their progress to profitability and their rate of revenue growth.

We believe Adjusted Net Income, Adjusted Earnings per Share, EBITDA and Adjusted EBITDA are used by investors to analyze operating performance and evaluate our ability to incur and service debt and the capacity for making capital expenditures. Adjusted EBITDA is also useful to investors to help assess our estimated enterprise value. The computation of Adjusted EBITDA as presented in this release may differ from the computation of similarly-titled measures provided by other companies.

50

Reconciliation of Net Income and Diluted Earnings per Share to Adjusted Net Income and Adjusted Diluted Earnings per Share, non-GAAP measures

	Three Months Ended September 30,											Nine Months Ended September 30,
(in thousands except per share data)	2018			2017			Change $			Change %		2018			2017			Change $			Change %
Net income	$	(47,022	)	$	9,762		$	(56,784	)	#		$	(7,755	)	$	42,743		$	(50,498	)	#
Adjustments:
Loss on extinguishment of debt and related costs (1)	72,165			—								83,848			12,458
Restructuring costs (2)	—			7,393								—			7,393
Legal settlements (3)	2,774			361								2,774			2,311
Transaction-related costs (4)	—			123								—			2,523
Share-based cash and non-cash compensation (5)	2,089			454								6,112			1,760
Intangible asset amortization	728			634								2,059			1,807
Impact of tax law changes (6)	(600		)	—								1,200			—
Cumulative tax effect of adjustments	(19,185		)	(4,518		)						(23,586		)	(11,623		)
Adjusted Net Income	$	10,949		$	14,209		$	(3,260	)	(22.9	)%	$	64,652		$	59,372		$	5,280		8.9	%
Net income	$	(47,022	)	$	9,762							$	(7,755	)	$	42,743
Diluted Weighted Average Shares Outstanding (7)	48,352			38,914								48,061			38,959
Diluted Earnings per Share (7)	$	(0.97	)	$	0.25		$	(1.22	)	#		$	(0.16	)	$	1.10		$	(1.26	)	#
Per Share impact of adjustments to Net Income (7)	1.20			0.11								1.51			0.43
Adjusted Diluted Earnings per Share (7)	$	0.23		$	0.36		$	(0.13	)	(36.1	)%	$	1.35		$	1.53		$	(0.18	)	(11.8	)%

51

Reconciliation of Net income to EBITDA and Adjusted EBITDA, non-GAAP measures

	Three Months Ended September 30,											Nine Months Ended September 30,
(dollars in thousands)	2018			2017			Change $			Change %		2018			2017			Change $			Change %
Net income	$	(47,022	)	$	9,762		$	(56,784	)	#		$	(7,755	)	$	42,743		$	(50,498	)	#
Provision for income taxes	(16,775		)	9,920			(26,695		)	#		9			29,988			(29,979		)	(100.0	)%
Interest expense	23,396			18,844			4,552			24.2	%	66,210			60,694			5,516			9.1	%
Depreciation and amortization	4,747			4,790			(43		)	(0.9	)%	14,006			14,120			(114		)	(0.8	)%
EBITDA	(35,654		)	43,316			$	(78,970	)	#		72,470			147,545			$	(75,075	)	(50.9	)%
Loss on extinguishment of debt (1)	69,200			—								80,883			12,458
Restructuring costs (2)	—			7,393								—			7,393
Legal Settlements (3)	2,774			361								2,774			2,311
Transaction related costs (4)	—			123								—			2,523
Share-based cash and non-cash compensation (5)	2,089			454								6,112			1,760
Other adjustments (8)	(55		)	(218		)						(49		)	(733		)
Adjusted EBITDA	38,354			51,429			(13,075		)	(25.4	)%	162,190			173,257			(11,067		)	(6.4	)%
Adjusted EBITDA Margin	13.6		%	20.2		%						20.4		%	24.9		%
# - Variance greater than 100% or not meaningful

(1)	For the nine months ended September 30, 2018, the $80.9 million of loss on extinguishment of debt is comprised of (a) $11.7 million incurred in the first quarter of 2018 for the redemption of $77.5 million of the CURO Financial Technologies Corp.'s ("CFTC") 12.00% Senior Secured Notes due 2022 and (b) $69.2 million incurred in the third quarter of 2018 for the redemption of the remaining $525.7 million of these notes. The $69.2 million of third quarter loss on extinguishment is comprised of a $54.0 million make whole premium and $15.2 million of deferred financing costs, net of premium/discounts. An additional $3.0 million is included in related costs for the three and nine months ended September 30, 2018 for duplicative interest paid through September 30, 2018 prior to repayment of the remaining 12.00% Senior Secured Notes and the Non-Recourse U.S. SPV Facility. For the nine months ended September 30, 2017, the $12.5 million loss from the extinguishment of debt was due to the redemption of CURO Intermediate Holding Corp.'s ("CURO Intermediate") 10.75% Senior Secured Notes due 2018 and the 12.00% Senior Cash Pay Notes due 2017.
(2)	Restructuring costs of $7.4 million for the three and nine months ended September 30, 2017 were due to the closure of the remaining 13 U.K. stores.
(3)	Legal settlements for the three and nine months ended September 30, 2018 includes (a) $4.0 million of customer redress costs in the U.K., (b) a $1.8 million reduction of the liability related to our offer to reimburse certain bank overdraft or non-sufficient funds fees because of possible borrower confusion about certain electronic payments we initiated on their loans and (c) settlement of certain matters in California and Canada. Legal settlements for the three and nine months ended September 30, 2017 includes $2.3 million for the settlement of the Harrison, et al v. Principal Investment, Inc. et al. For more information, see Note 18 - "Contingent Liabilities" of the Notes to Consolidated Financial Statements included in the Company's Form 10-K filed with the SEC on March 13, 2018.
(4)	Transaction-related costs include professional fees paid in connection with potential transactions and the original issuance of $470.0 million of Senior Secured Notes due 2022 in the first quarter of 2017.
(5)	We approved the adoption of share-based compensation plans during 2010 and 2017 for key members of senior management. The estimated fair value of share-based awards is recognized as non-cash compensation expense on a straight-line basis over the vesting period.
(6)	As a result of the Tax Cuts and Jobs Act of 2017 ("2017 Tax Act"), which became law on December 22, 2017, we provided an estimate of the new repatriation tax as of December 31, 2017. Subsequent to further guidance published in the first quarter of 2018, we booked additional tax expense of $1.2 million for the 2017 repatriation tax. Additionally, the 2017 Tax Act provided for a new GILTI tax starting in 2018 and we estimated and provided tax expense of $0.6 million in the first quarter of 2018. This expense was reversed in the third quarter of 2018 based on changes in the geographic mix of income.
(7)	The share and per share information have been adjusted to give effect to the 36-to-1 split of the Company's common stock that occurred during the fourth quarter of 2017.
(8)	Other adjustments include deferred rent and the intercompany foreign exchange impact. Deferred rent represents the non-cash component of rent expense. Rent expense is recognized ratably on a straight-line basis over the lease term.

Currency Information

We operate in the U.S., Canada and the U.K. and report our consolidated results in U.S. dollars.

Changes in our reported revenues and net income include the effect of changes in currency exchange rates. All balance sheet accounts are translated into U.S. dollars at the currency exchange rate in effect at the end of each period. The income statement is translated at the average rates of exchange for the period. Currency translation adjustments are recorded as a component of Accumulated Other Comprehensive Income in Stockholders’ Equity.

Constant Currency Analysis

In the three months ended September 30,2018 and 2017, approximately 21.1% and 24.0%, respectively, of our revenues were originated in currencies other than the U.S. Dollar. As a result, changes in our reported results include the impacts of changes in foreign currency exchange rates for the Canadian Dollar and the British Pound Sterling.

52

Three Months Ended September 30,2018 and 2017

	Average Exchange Rates
	Three Months Ended September 30,				Change
	2018		2017		$			%
Canadian Dollar	$	0.7652	$	0.7978		($0.0326	)	(4.1	)%
British Pound Sterling	$	1.3028	$	1.3089		($0.0061	)	(0.5	)%

Nine Months Ended September 30,2018 and 2017

	Average Exchange Rates
	Nine Months Ended September 30,				Change
	2018		2017		$		%
Canadian Dollar	$	0.7771	$	0.7656		$0.0115	1.5	%
British Pound Sterling	$	1.3518	$	1.2754		$0.0764	6.0	%

The following constant currency analysis removes the impact of the fluctuation in foreign exchange rates and utilizes constant currency results in our analysis of segment performance. Our constant currency assessment assumes foreign exchange rates in the current fiscal periods remained the same as in the prior fiscal periods. All conversion rates below are based on the U.S. Dollar equivalent to one of the applicable foreign currencies. We believe that the constant currency assessment below is a useful measure in assessing the comparable growth and profitability of our operations.

The revenues and gross margin below during the three months ended September 30,2018 were calculated using the actual average exchange rate during the three months ended September 30,2017.

	Three Months Ended September 30,				Change
(dollars in thousands)	2018		2017		$			%
Revenues – constant currency basis:
Canada	$	48,176	$	50,658	$	(2,482	)	(4.9	)%
United Kingdom	13,590		10,635		2,955			27.8	%
Gross margin - constant currency basis:
Canada	495		15,649		(15,154		)	(96.8	)%
United Kingdom	3,412		3,414		(2		)	(0.1	)%

The revenues and gross margin below during the nine months ended September 30,2018 were calculated using the actual average exchange rate during the nine months ended September 30,2017.

	Nine Months Ended September 30,				Change
(dollars in thousands)	2018		2017		$			%
Revenues – constant currency basis:
Canada	$	137,494	$	135,819	$	1,675		1.2	%
United Kingdom	34,337		28,912		5,425			18.8	%
Gross margin - constant currency basis:
Canada	27,676		45,911		(18,235		)	(39.7	)%
United Kingdom	9,350		9,808		(458		)	(4.7	)%

LIQUIDITY AND CAPITAL RESOURCES

Our principal sources of liquidity to fund the loans we make to our customers are cash provided by operations, our Senior Revolver, funds from third party lenders under our CSO programs, our Non-Recourse U.S. SPV Facility and our Non-Recourse Canada SPV Facility (defined below). During August 2018, we issued our 8.25% Senior Secured Notes due September 2025 ("8.25% Senior Secured Notes") to (i) to redeem the outstanding 12.00% Senior Secured Notes due 2022 of the Company’s wholly owned subsidiary, CURO Financial Technologies Corp., (ii) to repay the outstanding indebtedness under the CURO Receivables Finance I, LLC, our wholly-owned subsidiary, five-year revolving credit facility consisting of a term loan and revolving borrowing capacity, (iii) for general corporate purposes and (iv) to pay fees, expenses, premiums and accrued interest in connection therewith. As of

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September 30, 2018, we were in compliance with all financial ratios, covenants and other requirements set forth in our debt agreements. We anticipate that our primary use of cash will be to fund growth in our working capital, finance capital expenditures and meet our debt obligations. Our level of cash flow provided by operating activities typically experiences some seasonal fluctuation related to our levels of net income and changes in working capital levels, particularly loans receivable.

Unexpected changes in our financial condition or other unforeseen factors may result in our inability to obtain third-party financing or could increase our borrowing costs in the future. We have the ability to adjust our volume of lending to consumers which would reduce cash outflow requirements while increasing cash inflows through loan repayments to the extent we experience any short-term or long-term funding shortfalls. We may also sell or securitize our assets, draw on our available revolving credit facility or line of credit, enter into additional refinancing agreements and reduce our capital spending in order to generate additional liquidity. We believe our cash on hand and available borrowings provide us with sufficient liquidity for at least the next 12 months.

Borrowings

Our long-term debt consisted of the following as of September 30,2018 and December 31, 2017 (net of deferred financing costs):

	September 30,		December 31,
(dollars in thousands)	2018		2017
8.25% Senior Secured Notes (due 2025)	$	677,245	$	—
12.00% Senior Secured Notes (due 2022)	—		585,823
Non-Recourse U.S. SPV Facility	76,614		120,402
Non-Recourse Canada SPV Facility	85,342		—
Senior Revolver	29,000		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	868,201	$	706,225

Available Credit Facilities and Other Resources

8.25% Senior Secured Notes

As noted above, we issued our 8.25% Senior Secured Notes in August 2018. Interest on the notes is payable semiannually, in arrears, on March 1 and September 1 of each year. In connection with the 8.25% Senior Secured Notes, we capitalized financing costs of approximately $12.9 million, the balance of which is included in the Condensed Consolidated Balance Sheets as a component of Long-Term Debt, and is being amortized over the term of the 8.25% Senior Secured Notes and included as a component of interest expense.

The extinguishment of the 12.00% Senior Secured Notes due 2022 resulted in a pretax loss of $69.2 million during the three months ended September 30, 2018.

12.00% Senior Secured Notes

In February and November 2017, CFTC issued $470.0 million and $135.0 million, respectively, of 12.00% Senior Secured Notes ("12.00% Senior Secured Notes"). Interest on the 12.00% Senior Secured Notes is payable semiannually, in arrears, on March 1 and September 1 of each year, beginning on September 1, 2017. The February issuance refinanced similar notes that were nearing maturity. The extinguishment of the existing notes resulted in a pretax loss of $12.5 million during the nine months ended September 30, 2017. In connection with these 2017 debt issuances we capitalized financing costs of approximately $18.3 million, the balance of which is included in the Condensed Consolidated Balance Sheets as a component of Long-Term Debt, and is being amortized over the term of the 12.00% Senior Secured Notes and included as a component of interest expense.

On March 7, 2018, CFTC redeemed $77.5 million of its 12.00% Senior Secured Notes using a portion of the proceeds from our IPO as required by the underlying indentures (the transaction whereby the 12.00% Senior Secured Notes were partially redeemed, the “Redemption”) at a price equal to 112.00% of the principal amount of the 12.00% Senior Secured Notes redeemed, plus accrued and unpaid interest paid thereon to the date of Redemption. Following the Redemption, $527.5 million of the original outstanding principal amount of the 12.00% Senior Secured Notes remain outstanding. The Redemption was conducted pursuant to the Indenture governing the 12.00% Senior Secured Notes (the “Indenture”), dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent.

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The remainder of the 12.00% Senior Secured Notes were extinguished effective September 7, 2018 as a result of the issuance of the 8.25% Senior Secured Notes as described above.

Non-Recourse U.S. SPV Facility

In November 2016, CURO Receivables Finance I, LLC, a Delaware limited liability company (the “SPV Borrower”) and a wholly-owned subsidiary, entered into a five-year revolving credit facility with Victory Park Management, LLC and certain other lenders that provides an $80.0 million term loan and $70.0 million of revolving borrowing capacity that can expand over time (“Non-Recourse U.S. SPV Facility”). The loans bear interest at an annual rate of up to 12.00% plus the greater of (x) 1.0% per annum and (y) the three-month LIBOR. The SPV Borrower also pays a 0.50% per annum commitment fee on the unused portion of the commitments. In connection with this facility, we capitalized financing costs of approximately $5.3 million, the balance of which is included in the Condensed Consolidating Balance Sheets as a component of Long-term debt and is being amortized over the term of the Non-Recourse U.S. SPV Facility. During the three months ended September 30, 2018, a portion of the proceeds from the 8.25% Senior Secured Notes were used to extinguish the revolver's balance of $42.4 million.

On October 11, 2018, we extinguished the remaining term loan balance of $80.0 million. We made the final termination payment of $2.7 million on October 26, 2018, resulting in a loss on the extinguishment of debt of $9.7 million for the quarter ending December 31, 2018.

Non-Recourse Canada SPV Facility

On August 2, 2018, CURO Canada Receivables Limited Partnership, a newly created, bankruptcy-remote special purpose vehicle (the “Canada SPV Borrower”) and a wholly-owned subsidiary, entered into a four-year revolving credit facility with Waterfall Asset Management, LLC that provides for C$175.0 million of initial borrowing capacity and the ability to expand such capacity up to C$250.0 million (“Non-Recourse Canada SPV Facility”). The loans bear interest at an annual rate of 6.75% plus the three-month CDOR. As of September 30, 2018, the carrying amount of outstanding borrowings from the Non-Recourse Canada SPV Facility was $85.3 million.

Senior Revolver

In September 2017, we closed a $25.0 million Senior Secured Revolving Loan Facility (the "Senior Revolver"). In February 2018, the Senior Revolver capacity was increased to $29.0 million as permitted by the Indenture to the Senior Secured Notes based upon consolidated tangible assets. The Senior Revolver is now syndicated with participation by a second bank. The negative covenants of the Senior Revolver generally conform to the related provisions in the Indenture for our 8.25% Senior Secured Notes. We believe this facility complements our other financing sources, while providing seasonal short-term liquidity. Under the Senior Revolver, there is $29.0 million maximum availability, including up to $5.0 million of standby letters of credit, for a one-year term, renewable for successive terms following annual review. The Senior Revolver accrues interest at the one-month LIBOR (which may not be negative) plus 5.00% per annum and is repayable on demand. The terms of the Senior Revolver require that the outstanding balance be reduced to $0 for at least 30 consecutive days in each calendar year. The Senior Revolver is guaranteed by all subsidiaries of CURO that guarantee our 8.25% Senior Secured Notes and is secured by a lien on substantially all assets of CURO and the guarantor subsidiaries that is senior to the lien securing our 8.25% Senior Secured Notes. The Senior Revolver was fully drawn as of September 30, 2018.

Cash Money Revolving Credit Facility

Cash Money Cheque Cashing, Inc., one of our Canadian subsidiaries, maintains a C$7.3 million revolving credit facility with Royal Bank of Canada. The Cash Money Revolving Credit Facility provides short-term liquidity required to meet the working capital needs of our Canadian operations. Aggregate draws under the revolving credit facility are limited to the lesser of: (i) the borrowing base, which is defined as a percentage of cash, deposits in transit and accounts receivable, and (ii) C$7.3 million. As of December 31, 2017, the borrowing capacity under our revolving credit facility was reduced by C$0.3 million in stand-by-letters of credit.

The Cash Money Revolving Credit Facility is collateralized by substantially all of Cash Money’s assets and contains various covenants that include, among other things, that the aggregate borrowings outstanding under the facility not exceed the borrowing base, restrictions on the encumbrance of assets and the creation of indebtedness. Borrowings under the Cash Money Revolving Credit Facility bear interest (per annum) at the prime rate of a Canadian chartered bank plus 1.95%. The Cash Money Revolving Credit Facility was undrawn at September 30, 2018 and December 31, 2017.

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Cash Flows

The following highlights our cash flow activity and the sources and uses of funding during the periods indicated:

	Nine Months Ended September 30,
(dollars in thousands)	2018			2017
Net cash (used in) provided by operating activities	$	(72,601	)	$	29,412
Net cash used in investing activities	(21,442		)	(16,252		)
Net cash provided by (used in) financing activities	90,449			(115,555		)

Operating activities

Net cash used in operating activities for the nine months ended September 30,2018 was $72.6 million. Contributing to current year net cash used in operating activities were net loss of $7.8 million and expenses, primarily non-cash, of $412.7 million. Major components of non-cash expenses include depreciation and amortization, provision for loan losses, loss on debt extinguishment and share-based compensation expense. Contributions from net loss and non-cash expenses were offset by changes in our operating assets and liabilities of $477.5 million. Our loans receivable change represented $444.4 million of the total change in operating assets and liabilities.

Net cash provided by operating activities for the nine months ended September 30, 2017 was $17.0 million. Contributing to net cash provided by operating activities were net income of $42.7 million, and non-cash expenses, such as depreciation and amortization and the provision for loan losses for a total of $244.4 million, partially offset by changes in our operating assets and liabilities of $270.2 million. The most significant change within operating assets and liabilities was a $295.1 million increase in loans receivable, net of provision for losses.

Loans receivable will fluctuate from period to period depending on the timing of loan issuances and collections. A seasonal decline in consumer loans receivable typically takes place during the first quarter of the year and is driven by income tax refunds in the United States. Typically, customers will use the proceeds from income tax refunds to pay outstanding loan balances, resulting in an increase of our net cash balances and a decrease of our consumer loans receivable balances. Consumer loans receivable balances typically reflect growth during the remainder of the year.

Investing activities

Net cash used in investing activities for the nine months ended September 30,2018 was $21.4 million. We used cash to purchase approximately $8.2 million of property and equipment, including software licenses, and to purchase $1.0 million of Cognical Holdings preferred shares. Additionally, the increase in restricted cash of $12.3 million was primarily attributable to our Non-Recourse U.S. SPV Facility and our Non-Recourse Canada SPV Facility entered into during the three months ended September 30, 2018.

Net cash used in investing activities for the nine months ended September 30, 2017 was $16.3 million. Restricted cash increased by approximately $3.4 million primarily attributable to our Non-Recourse U.S. SPV Facility. Additionally, we purchased approximately $7.9 million of property and equipment, including software licenses, and $5.0 million of Cognical Holdings preferred shares.

Financing activities

Net cash provided by financing activities for the nine months ended September 30,2018 was $90.4 million. During the quarter, we extinguished $527.5 million of our 12.00% Senior Secured Notes from the issuance of our 8.25% Senior Secured Bonds of $690.0 million. As part of the extinguishment, we paid a $63.4 million call premium. We also entered into a Non-Recourse Canada SPV facility during the quarter, which provided $89.9 million of proceeds and was offset by net payments on our U.S. SPV Facility of $44.6 million. Net proceeds from the issuance of common stock and proceeds from the exercise of stock options were $12.0 million as of September 30, 2018.

Net cash used in financing activities for the nine months ended September 30, 2017 was $103.1 million. During this period, CFTC extinguished its 10.75% Senior Secured Notes for $426.0 million (which included $8.9 million of call premium) and extinguished our Senior Cash Pay Notes for $130.1 million. These payments were partially financed by proceeds of $447.6 million (net of $14.0 million of debt issuance costs and $8.5 million of discount on notes issued) from the issuance of our 12.00% Senior Secured

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Notes due 2022. We had net borrowings of $24.9 million from our U.S. SPV Facility and our ABL Facility. We also paid a dividend of $36.5 million to our stockholders.

Contractual Obligations

There have been no significant developments with respect to our contractual obligations since December 31, 2017, as described in our Annual Report on Form 10-K, other than the financing transactions entered into and noted in Liquidity and Capital Resources - Borrowings.

Regulatory Environment and Compliance

There have been no significant developments with respect to our regulatory environment and compliance since December 31, 2017, as described in our Annual Report on Form 10-K, other than the following:

Recent developments regarding the CFPB Rule

The CFPB adopted a new rule applicable to payday, vehicle title, and certain high-cost installment loans in November 2017 (the "CFPB Rule"), with most provisions currently scheduled to become effective in August 2019.  On April 9, 2018, the Community Financial Services Association of America ("CFSA") and the Consumer Service Alliance of Texas ("CSAT") filed a lawsuit against the CFPB in the U.S. District Court for the Western District of Texas, Austin Division, seeking to invalidate the CFPB Rule. The lawsuit alleges that the CFPB Rule violates the Administrative Procedure Act because it exceeds the CFPB's statutory authority and is arbitrary, capricious and unsupported by substantial evidence. The lawsuit also argues that the CFPB’s structure is unconstitutional under the Constitution’s separation of powers because the agency’s powers are concentrated in a single, unchecked Director who is improperly insulated from both presidential supervision and congressional appropriation, and hence unaccountable to the American people. On May 31, 2018, CFSA, together with CSAT and CFPB filed a joint motion to effectively stay the litigation between the parties and stay the compliance date of the CFPB Rule. On June 12, 2018, the judge granted the motion to stay the litigation but denied the motion to stay the compliance date of the CFPB Rule. On June 22, 2018, CFSA and CSAT filed a motion for reconsideration to stay the compliance date of the CFPB Rule. In early August 2018, the court denied the motion for reconsideration to stay the compliance date of the CFPB Rule. On September 14, 2018, CFSA and CSAT filed a motion for preliminary injunction, asking the court to enjoin enforcement of the CFPB Rule, and on September 17, 2018, the CFPB filed a motion seeking an extension of time to respond to the motion for a preliminary injunction. On October 4, 2018, the court held a status conference and asked both parties to speak on why the court’s intervention is necessary.

On October 26, 2018, the CFPB announced that it expects to issue a Notice of Proposed Rulemaking in January 2019 that will reconsider the CFPB Rule and address the CFPB Rule's compliance date. In this recent announcement, the CFPB stated that it expects to make final decisions regarding the scope of the proposal closer to the issuance of the proposed rulemaking, and that it currently plans to propose revisiting only the ability-to-repay provisions and not the payments provisions of the CFPB Rule.

At present, we cannot predict whether and when the CFPB Rule will go into effect and, if so, whether and how it might be modified.

California legislative and judicial activity

During the 2018 session, three bills were introduced in the California Assembly which would have directly impacted the products currently offered by us. Assembly Bill 2500 as introduced would have imposed a 36% APR cap on all consumer loans between $2,500 and $5,000 and a 24% APR cap on all consumer loans between $5,000 and $10,000. Assembly Bill 2953 would have imposed a 36% APR cap on all auto title loans. Assembly Bill 3010 as introduced would have limited borrowers to one outstanding payday loan at a time across all lenders using a common database to enforce the one loan restriction.

Assembly Bill 2500 did not pass out of the Assembly by the May 31, 2018 deadline. Assembly Bills 2953 and 3010 advanced to the Senate but did not pass out of the Senate Banking and Insurance Committee by the June 30, 2018 deadline. As a result, activity for all three bills has concluded for this legislative session.

In the case of De La Torre v. CashCall, Inc., in 2017, the Ninth Circuit Court certified the following question to the California Supreme Court: “Can a 96% interest rate on consumer loans of $2500 or more governed by California Finance Code § 22303, render the loans unconscionable under California Finance Code § 22302?” In August of 2018, the California Supreme Court answered the certified question in the affirmative (i.e., the interest rate on a consumer loan of $2,500 or more can render the loans unconscionable under Cal. Fin. Code § 22303). However, the court did not find the loans to be unconscionable. The court stressed that in order to find that an interest rate is unconscionable, courts must conduct an individual analysis of whether "under the circumstances of the case, taking into account the bargaining process and prevailing market conditions" a "particular rate

57

was 'overly harsh,' 'unduly oppressive,' or 'so one-sided as to shock the conscience.'" This analysis is "highly dependent on context" and "flexible," according to the court. The court warned that lower courts should be wary of and must avoid remedies that amount to an "across-the-board imposition of a cap on interest rates."

In September 2018, a putative class action lawsuit was filed against the Company in the Southern District of California alleging that certain loans made by the Company in excess of $2,500 are unconscionable and therefore a violation of California law.  The Company filed its answer and motion to compel arbitration on October 30, 2018.

Ohio legislative activity

House Bill 123 was first introduced in March of 2017. As initially introduced, the bill would significantly limit the permissible fees and charges on short term loans and eliminate the CSO arrangement. In late July 2018, the Ohio legislature passed House Bill 123 and the Governor signed the bill into law on July 30, 2018. The bill is effective in 90 days and, certain sections apply to loans made 180 calendar days after the effective date. As a result, loan product changes will occur on or near April 27, 2019.

Ohio revenue for the trailing 12 months ended June 30, 2018, was $20.1 million. After loss provisions and direct costs, state-level contribution from Ohio was immaterial.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

For quantitative and qualitative disclosures about our market risks, see "Quantitative and Qualitative Disclosures about Market Risk" in our 2017 Annual Report on Form 10-K. There have been no material changes to the amounts presented therein except for the following:

Foreign Currency Exchange Rate Risk

As foreign currency exchange rates change, translation of the financial results of the U.K. and Canadian operations into U.S. Dollars will be impacted. Our operations in Canada and the U.K. represent a significant portion of our total operations, and as a result, a material change in foreign currency exchange rates in either country could have a significant impact on our consolidated financial position, results of operations or cash flows. From time-to-time, we may elect to purchase financial instruments as hedges against foreign exchange rate risks with the objective of protecting our results of operations in the U.K. and/or Canada against foreign currency fluctuations. We typically hedge anticipated cash flows between our foreign subsidiaries and domestic subsidiaries.

During the nine months ended September 30, 2018, we entered into a series of cash flow hedges in which the hedging instruments were forwards to purchase GBP 10.4 million. These contracts will complete during the three months ended December 31, 2018.

We performed an assessment that determined all critical terms of the hedging instrument and the hedged transaction match and, as such, have qualitatively concluded that changes in the hedge instrument’s intrinsic value will completely offset the change in the expected cash flows based on changes in the spot rate. Since the effectiveness of this hedge is assessed based on changes in the hedge instrument’s intrinsic value, the change in the time value of the contract would be excluded from the assessment of hedge effectiveness. We recorded changes in the hedge instrument’s intrinsic value, to the extent that they were effective as a hedge, in "Other comprehensive income."

ITEM 4. CONTROLS AND PROCEDURES

Disclosure controls and procedures 

We maintain disclosure controls and procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act of 1934 (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, including without limitation, controls and procedures designed to ensure that information required to be disclosed in reports we file under the Exchange Act is accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objective and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on an evaluation of our disclosure controls and procedures as of the end of the period covered by this report conducted by our management, with the participation of the Chief Executive

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Officer and Chief Financial Officer, the Chief Executive Officer and Chief Financial Officer concluded that these controls and procedures were effective as of September 30, 2018. 

Internal control over financial reporting 

There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) during the three months ended September 30, 2018, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART 2. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The information required by this item is included in Note 13 - Contingent Liabilities of the Notes to the Condensed Consolidated Financial Statements in this Quarterly Report and is incorporated herein by reference.

ITEM 1A. RISK FACTORS

There were no material changes to our risk factors as described in our Annual Report on Form 10-K for the year ended December 31, 2017 other than the following:

The CFPB promulgated new rules applicable to our loans that could have a material adverse effect on our business and results of operations.

The CFPB adopted a new rule applicable to payday, vehicle title, and certain high-cost installment loans in November 2017 (the "CFPB Rule"), with most provisions currently scheduled to become effective in August 2019. On April 9, 2018, the Community Financial Services Association of America ("CFSA") and the Consumer Service Alliance of Texas ("CSAT") filed a lawsuit against the CFPB in the U.S. District Court for the Western District of Texas, Austin Division, seeking to invalidate the CFPB Rule. The lawsuit alleges that the CFPB Rule violates the Administrative Procedure Act because it exceeds the CFPB's statutory authority and is arbitrary, capricious and unsupported by substantial evidence. The lawsuit also argues that the CFPB’s structure is unconstitutional under the Constitution’s separation of powers because the agency’s powers are concentrated in a single, unchecked Director who is improperly insulated from both presidential supervision and congressional appropriation, and hence unaccountable to the American people. On May 31, 2018, CFSA, together with CSAT and CFPB filed a joint motion to effectively stay the litigation between the parties and stay the compliance date of the CFPB Rule. On June 12, 2018, the judge granted the motion to stay the litigation but denied the motion to stay the compliance date of the CFPB Rule. On June 22, 2018, CFSA and CSAT filed a motion for reconsideration to stay the compliance date of the CFPB Rule. In early August 2018, the court denied the motion for reconsideration to stay the compliance date of the CFPB Rule. On September 14, 2018, CFSA and CSAT filed a motion for preliminary injunction, asking the court to enjoin enforcement of the CFPB Rule, and on September 17, 2018, the CFPB filed a motion seeking an extension of time to respond to the motion for a preliminary injunction. On October 4, 2018, the court held a status conference and asked both parties to speak on why the court’s intervention is necessary.

On October 26, 2018 the CFPB announced that it expects to issue a Notice of Proposed Rulemaking in January 2019 that will reconsider the CFPB Rule and address the CFPB Rule's compliance date. In this recent announcement, the CFPB stated that it expects to make final decisions regarding the scope of the proposal closer to the issuance of the proposed rulemaking, and that it currently plans to propose revisiting only the ability-to-repay provisions and not the payments provisions of the CFPB Rule.

At present, we cannot predict whether and when the CFPB Rule will go into effect and, if so, whether and how it might be modified.

We have experienced elevated levels of legal settlement expenses related to customer redress complaints in the U.K.

Our U.K. operating results have experienced an elevated level of legal settlement expenses related to customer redress pursuant to a complaint resolution process for all lenders in the U.K. During the quarter ended September 30, 2018, these costs totaled $4.0 million. After careful consideration, we do not believe that, given the scale of our U.K. operations, we can sustain claims at this level and may not be able to continue viable U.K. business operations without action by the U.K. business to reduce the risk of claims relating to historic lending. We have been in ongoing discussions with relevant regulators, including the Financial Conduct Authority (“FCA”) and the Financial Ombudsman Service with regard to our alternatives. While these discussions are ongoing, the FCA has provided a Final Requirement Notice of a limited-scope review of the options being considered, to be conducted by a Skilled Person under section 166 of the (U.K.) Financial Services and Markets Act 2000. We have formally engaged a Skilled Person and have begun the review. We are evaluating, and are discussing with the FCA, several potential courses of action including potential solutions to allow the firm to finally resolve liabilities associated with historic lending. The potential alternatives

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under consideration may require approval of the FCA, consent under certain of our debt facilities and court approval in the U.K. We have not determined to pursue any specific alternative at this time and are continuing to evaluate our options.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

(a)    Disclosure of Unreported 8-K Information

None.

(b)    Material Changes to Director Nominee Procedures

None.

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ITEM 6. EXHIBITS

Exhibit no.	Exhibit Description
3.1	Amended and Restated Certificate of Incorporation of the Registrant (previously filed as Exhibit 3.1 to the Current Report on Form 8-K filed on December 11, 2017)
3.2	Form of Amended and Restated Bylaws of the Registrant (previously filed as Exhibit 3.2 to the Current Report on Form 8-K filed on December 11, 2017)
4.1	Indenture, dated as of August 27, 2018, by and among CURO Group Holdings Corp., the guarantors party thereto and TMI Trust Company, as trustee and collateral agent (previously filed as Exhibit 4.1 to the Current Report on Form 8-K  filed on August 27, 2018).
10.1*	Credit Agreement, dated as of August  2, 2018, among CURO Canada Receivables Limited Partnership, by its General Partner, CURO Canada Receivables GP Inc., WF Marlie 2018-1, Ltd., as Lender, Waterfall Asset Management, LLC, as Administrative Agent, and the other Lenders party thereto (previously filed as Exhibit 10.1 to the Current Report on Form 8-K filed on August 8, 2018).
10.2*	Guaranty, dated as of August 2, 2018 among CURO Group Holdings Corp., LendDirect Corp., Cash Money Cheque Cashing Inc., CURO Canada Receivables Limited Partnership, CURO Canada Receivables GP Inc., WF Marlie 2018-1, Ltd. and Waterfall Asset Management, LLC. (previously filed as Exhibit 10.2 to the Current Report on Form 8-K filed on August 8, 2018).
10.3*	Sale and Servicing Agreement, dated as of August 2, 2018, among CURO Canada Receivables Limited Partnership, by its General Partner, CURO Canada Receivables GP Inc., Cash Money Cheque Cashing Inc. and LendDirect Corp. (previously filed as Exhibit 10.3 to the Current Report on Form 8-K filed on August 8. 2018).
10.4	General Security Agreement, dated as of August 2, 2018, among CURO Canada Receivables Limited Partnership, by its General Partner, CURO Canada Receivables GP Inc., and Waterfall Asset Management, LLC. (previously filed as Exhibit 10.4 to the Current Report on Form 8-K filed on August 8. 2018).
10.5	Pledge Agreement, dated as of August 27, 2018, by and among CURO Group Holdings Corp., the guarantors party thereto and TMI Trust Company, as collateral agent (previously filed as Exhibit 10.1 to the Current Report on Form 8-K filed on August 27. 2018).
10.6	Security Agreement, dated as of August 27, 2018, by and among CURO Group Holdings Corp., the guarantors party thereto and TMI Trust Company, as collateral agent (previously filed as Exhibit 10.2 to the Current Report on Form 8-K filed on August 27. 2018).
10.7	Intercreditor Agreement, dated as of August 27, 2018, by and among TMI Trust Company, as collateral agent under the Indenture, and the agent for the lenders under the Senior Secured Revolving Loan Facility (previously filed as Exhibit 10.3 to the Current Report on Form 8-K filed on August 27. 2018).
10.8	Second Amendment to Revolving Loan Agreement, dated as of August 27, 2018, by and among CURO Financial Technologies Corp., CURO Intermediate Holdings Corp., the guarantors party thereto, the lenders party thereto and Bay Coast Bank, as administrative agent (previously filed as Exhibit 10.4 to the Current Report on Form 8-K filed on August 27. 2018).
31.1	Certifications of Chief Executive Officer of the Company under Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 **
31.2	Certifications of Chief Financial Officer of the Company under Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 **
32.1	Certifications of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. This certification accompanies this report and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed for purposes of §18 of the Securities Exchange Act of 1934, as amended ***
32.2	Certifications of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. This certification accompanies this report and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed for purposes of §18 of the Securities Exchange Act of 1934, as amended ***
101	The following unaudited financial information from the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2018, filed with the SEC on November 1, 2018, formatted in Extensible Business Reporting Language (“XBRL”) includes: (i) Condensed Consolidated Balance Sheets at September 30, 2018 and December 31, 2017, (ii) Condensed Consolidated Statements of Income for the quarter ended September 30, 2018 and 2017, (iii) Condensed Consolidated Statements of Comprehensive Income for the quarter ended September 30, 2018 and 2017, (iv) Condensed Consolidated Statements of Cash Flows for the quarter ended September 30, 2018 and 2017, and (v) Notes to Condensed Consolidated Financial Statements**
*	The Company has been granted confidential treatment with respect to portions of this exhibit pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Those portions have been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential treatment request.
**	Filed herewith.
***	Furnished herewith.

61

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: November 1, 2018            CURO Group Holdings Corp.

By:	/s/ ROGER DEAN
	Roger Dean
	Executive Vice-President and Chief Financial Officer

62

EX-31.1

CERTIFICATIONS

I, Don Gayhardt, certify that:

1. I have reviewed this quarterly report on Form 10-Q of CURO Group Holdings Corp. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. (Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 1, 2018

By:	/s/ DON GAYHARDT
	Don Gayhardt
	President, Chief Executive Officer and Director

EX-31.2

CERTIFICATIONS

I, Roger Dean, certify that:

1. I have reviewed this quarterly report on Form 10-Q of CURO Group Holdings Corp. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. (Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 1, 2018

By:	/s/ ROGER DEAN
	Roger Dean
	Treasurer, Executive Vice President and Chief Financial Officer

EX-32.1

CERTIFICATION OF CEO PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Don Gayhardt, Chief Executive Officer of CURO Group Holdings Corp. (the “Company”), hereby certify pursuant to Section 1350 of chapter 63 of title 18 of the United States Code, and Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) the quarterly report on Form 10-Q of the Company to which this Exhibit is attached (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and (2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ DON GAYHARDT

Don Gayhardt

Chief Executive Officer

November 1, 2018

EX-32.2

CERTIFICATION OF CFO PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Roger Dean, Chief Financial Officer of CURO Group Holdings Corp. (the “Company”), hereby certify pursuant to Section 1350 of chapter 63 of title 18 of the United States Code, and Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) the quarterly report on Form 10-Q of the Company to which this Exhibit is attached (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and (2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ ROGER DEAN

Roger Dean

Chief Financial Officer

November 1, 2018

XML

DOCUMENT AND ENTITY INFORMATION - shares	9 Months Ended
	Sep. 30, 2018	Oct. 31, 2018
DOCUMENT AND ENTITY INFORMATION [Abstract]
Entity Registrant Name	CURO GROUP HOLDINGS CORP.
Entity Central Index Key	0001711291
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		45,992,983

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
ASSETS
Cash	$ 153,361	$ 162,374
Restricted cash (includes restricted cash of consolidated VIEs of $19,107 and $6,871 as of September 30, 2018 and December 31, 2017, respectively)	24,236	12,117
Gross loans receivable (includes loans of consolidated VIEs of $353,384 and $213,846 as of September 30, 2018 and December 31, 2017, respectively)	567,675	432,837
Less: allowance for loan losses (includes allowance for losses of consolidated VIEs of $49,951 and $46,140 as of September 30, 2018 and December 31, 2017, respectively)	(76,068)	(69,568)
Loans receivable, net	491,607	363,269
Deferred income taxes	0	772
Income taxes receivable	16,363	3,455
Prepaid expenses and other	40,109	42,512
Property and equipment, net	79,790	87,086
Goodwill	143,966	145,607
Other intangibles, net of accumulated amortization of $43,250 and $41,156 as of September 30, 2018 and December 31, 2017, respectively)	33,208	32,769
Other	13,090	9,770
Total Assets	995,730	859,731
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable and accrued liabilities	52,853	55,792
Deferred revenue	9,667	11,984
Income taxes payable	338	4,120
Accrued interest (includes accrued interest of consolidated VIEs of $1,603 and $1,266 as of September 30, 2018 and December 31, 2017, respectively)	7,391	25,467
Credit services organization guarantee liability	13,243	17,795
Deferred rent	11,288	11,577
Long-term debt (includes long-term debt and issuance costs of consolidated VIEs of $169,666 and $7,710 as of September 30, 2018 and $124,590 and $4,188 as of December 31, 2017, respectively)	868,201	706,225
Subordinated stockholder debt	2,319	2,381
Other long-term liabilities	6,949	5,768
Deferred tax liabilities	13,617	11,486
Total Liabilities	985,866	852,595
Commitments and contingencies
Stockholders' Equity
Preferred stock - $0.001 par value, 25,000,000 shares authorized; no shares were issued at either period end	0	0
Class A common stock - $0.001 par value; 225,000,000 shares authorized; 45,992,983 and 44,561,419 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively)	9	8
Paid-in capital	64,148	46,079
(Accumulated deficit) retained earnings	(3,767)	3,988
Accumulated other comprehensive loss	(50,526)	(42,939)
Total Stockholders' Equity	9,864	7,136
Total Liabilities and Stockholders' Equity	$ 995,730	$ 859,731

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Restricted cash	$ 24,236	$ 12,117
Total gross loans receivable	567,675	432,837
Allowance for loan losses	76,068	69,568
Other intangibles accumulated amortization	43,250	41,156
Accrued interest	7,391	25,467
Long-term debt (excluding current maturities)	$ 868,201	$ 706,225
Preferred stock par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred shares issued (in shares)	0	0
Class A common stock, par value (in usd per share)	$ 0.001	$ 0.001
Class A common stock, authorized (in shares)	225,000,000	225,000,000
Class A common stock, issued (in shares)	45,992,983	44,561,419
Class A common stock, outstanding (in shares)	45,992,983	44,561,419
Variable Interest Entity
Restricted cash	$ 19,107	$ 6,871
Total gross loans receivable	353,384	213,846
Allowance for loan losses	49,951	46,140
Accrued interest	1,603	1,266
Long-term debt (excluding current maturities)	169,666	124,590
Issuance costs	$ 7,710	$ 4,188

XML

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Revenue	$ 283,004	$ 255,119	$ 793,745	$ 696,643
Provision for losses	134,523	99,341	307,540	226,523
Net revenue	148,481	155,778	486,205	470,120
Cost of providing services
Salaries and benefits	26,515	26,821	80,341	79,554
Occupancy	13,522	13,815	40,269	41,421
Office	7,742	5,715	20,799	15,519
Other costs of providing services	12,604	12,991	39,731	40,954
Advertising	24,114	16,270	51,424	35,599
Total cost of providing services	84,497	75,612	232,564	213,047
Gross margin	63,984	80,166	253,641	257,073
Operating expense
Corporate, district and other	35,185	34,247	114,294	103,797
Interest expense	23,396	18,844	66,210	60,694
Loss on extinguishment of debt	69,200	0	80,883	12,458
Restructuring costs	0	7,393	0	7,393
Total operating expense	127,781	60,484	261,387	184,342
Net (loss) income before income taxes	(63,797)	19,682	(7,746)	72,731
(Benefit) provision for income taxes	(16,775)	9,920	9	29,988
Net (loss) income	$ (47,022)	$ 9,762	$ (7,755)	$ 42,743
Weighted average common shares outstanding:
Basic (in shares)	45,853	37,908	45,674	37,908
Diluted (in shares)	48,352	38,914	48,061	38,959
Net income per common share:
Basic earnings per share (in dollars per share)	$ (1.03)	$ 0.26	$ (0.17)	$ 1.13
Diluted earnings per share (in dollars per share)	$ (0.97)	$ 0.25	$ (0.16)	$ 1.10

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (47,022)	$ 9,762	$ (7,755)	$ 42,743
Other comprehensive income (loss):
Cash flow hedges, net of $0 tax in all periods	(187)	0	(572)	333
Foreign currency translation adjustment, net of $0 tax in all periods	2,648	8,397	(7,015)	18,148
Other comprehensive income (loss)	2,461	8,397	(7,587)	18,481
Comprehensive (loss) income	$ (44,561)	$ 18,159	$ (15,342)	$ 61,224

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Statement of Comprehensive Income [Abstract]
Cash flow hedges, tax effect	$ 0	$ 0	$ 0	$ 0
Foreign currency translation adjustment, tax effect	$ 0	$ 0	$ 0	$ 0

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net (loss) income	$ (7,755)	$ 42,743
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	14,006	14,120
Provision for losses	307,540	226,523
Restructuring costs	0	1,495
Amortization of debt issuance costs	3,411	2,637
Amortization of bond (premium)/discount	(488)	809
Deferred income tax benefit	3,005	(811)
Loss on disposal of property and equipment	691	403
Loss on extinguishment of debt	80,883	12,458
Increase in cash surrender value of life insurance	(2,458)	(1,045)
Share-based compensation expense	6,112	311
Changes in operating assets and liabilities:
Loans receivable	(444,350)	(295,127)
Accounts payable and accrued liabilities	(3,643)	11,055
Income taxes payable	326	11,387
Income taxes receivable	(12,908)	4,590
Other liabilities	(16,973)	(2,136)
Net cash (used in) provided by operating activities	(72,601)	29,412
Cash flows from investing activities
Purchase of property, equipment and software	(8,200)	(7,917)
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	(12,284)	(3,360)
Net cash used in investing activities	(21,442)	(16,252)
Cash flows from financing activities
Net proceeds from issuance of common stock	11,549	0
Proceeds from exercise of stock options	408	0
Proceeds from credit facilities	65,169
Payments on credit facilities	(36,169)
Payments of call premiums from early debt extinguishments	(63,350)	(11,152)
Payments on 12.00% Senior Cash Pay Notes	0	(125,000)
Debt issuance costs paid	(17,517)	(14,222)
Dividends paid to CURO Group Holdings Corp.	0	(166,583)
Dividends received from CURO Group Holdings Corp.	0	166,583
Dividends paid to stockholders	0	(36,500)
Net cash provided by (used in) financing activities	90,449	(115,555)
Effect of exchange rate changes on cash	(5,419)	4,415
Net decrease in cash	(9,013)	(97,980)
Cash at beginning of period	162,374	193,525
Cash at end of period	153,361	95,545
Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	17,000
Payments on credit facilities	(61,590)
Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	89,949
10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes	0	(414,882)
12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes	0	461,329
Payments on Senior Secured Notes	(605,000)	0
8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of 12.00% Senior Secured Notes	690,000	0
Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		52,130
Payments on credit facilities		(27,258)
Revolving Credit Facility | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	17,000	52,130
Payments on credit facilities	(61,590)	(27,258)
Revolving Credit Facility | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	89,949	0
Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities	65,169	33,028
Payments on credit facilities	$ (36,169)	$ (33,028)

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Sep. 30, 2018	Dec. 31, 2017
10.75% Senior Secured Notes
Stated interest rate (as percent)	10.75%
Senior Notes | 12% Senior Secured Notes
Stated interest rate (as percent)	12.00%	12.00%
Senior Notes | 10.75% Senior Secured Notes
Stated interest rate (as percent)	10.75%
Senior Notes | 12% Senior Cash Pay Notes
Stated interest rate (as percent)	12.00%

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

9 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS

Basis of Presentation

The terms “CURO," "we,” “our,” “us,” and the “Company,” refer to CURO Group Holdings Corp. and its directly and indirectly owned subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., our wholly-owned subsidiary, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and with the accounting policies described in our 2017 Annual Report on Form 10-K. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with US GAAP have been condensed or omitted, although we believe that the disclosures are adequate to enable a reasonable understanding of the information presented.

The unaudited Condensed Consolidated Financial Statements and the accompanying notes reflect all adjustments, which are, in the opinion of management, necessary to present fairly our results of operations, financial position and cash flows for the periods presented. The adjustments consist solely of normal recurring adjustments. You should read the Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and related Notes included in our 2017 Annual Report on Form 10-K. Interim results of operations are not necessarily indicative of results that may be expected for future interim periods or for the year ending December 31, 2018.

We completed our initial public offering ("IPO") in December 2017. Prior to our IPO, we effected a 36-for-1 split of our common stock. We have retroactively adjusted all share and per share data for all periods presented to reflect the stock split as if the stock split had occurred at the beginning of the earliest period presented.

After our IPO, we initially qualified as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"). As an emerging growth company, we elected to take advantage of specified reduced reporting and other requirements that are otherwise generally required of public companies. In August 2018, we completed the issuance of $690.0 million of 8.25% Senior Secured Notes due 2025 ("2025 Notes"). See Note 5 - Long-Term Debt for further discussion of this issuance. This sale, along with the issuance of $605.0 million of 12.00% Senior Secured Notes due 2022 ("2022 Notes") during 2017 exceeded one of the required thresholds to retain emerging growth company status. Specifically, an emerging growth company loses this status on the date on which it has, during the previous three-year period, issued more than $1 billion in non-convertible debt, provided that none of certain other disqualifying conditions have been triggered. As a result of this change of status, we can no longer take advantage of the specified reduced reporting requirements and need to adopt certain recently issued accounting pronouncements for which we were previously allowed to defer. The impact to our accounting policy adoption practices are further described in Note 1. Additionally, the status change will require us to provide an auditor attestation of internal control over financial reporting under Sarbanes-Oxley Act Section 404(b).

Principles of Consolidation

The Condensed Consolidated Financial Statements include the accounts of CURO and its wholly-owned subsidiaries. We have eliminated intercompany transactions and balances in consolidation.

Use of Estimates

The preparation of Condensed Consolidated Financial Statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the periods reported. Some of the significant estimates that we have made in the accompanying Condensed Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") guarantee liability and estimated tax liabilities. Actual results may differ from those estimates.

Nature of Operations

We are a growth-oriented, technology-enabled, highly-diversified consumer finance company serving a wide range of underbanked consumers in the United States ("U.S."), Canada, and the United Kingdom ("U.K.").

Recently Adopted Accounting Pronouncements

In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). Under modification accounting, an entity is required to re-value its equity awards each time there is a modification to the terms of the awards. The provisions in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to account for the effects of a modification, unless certain conditions are met. The amendments in this update were effective for all entities for annual periods, and interim periods therein, beginning after December 15, 2017. ASU 2017-09 was effective for all entities for annual periods, and interim periods therein, as of January 1, 2018. The adoption of this amendment did not have a material impact on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business ("ASU 2017-01"). ASU 2017-01 narrows the definition of a business and provides a framework that gives an entity a basis for making reasonable judgments about whether a transaction involves an asset or a business and provides a screen to determine when a set (an integrated set of assets and activities) is not a business. The screen requires a determination that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU 2017-01 (i) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (ii) removes the evaluation of whether a market participant could replace missing elements. The amendments provide a framework to assist entities in evaluating whether both an input and a substantive process are present. ASU 2017-01 is effective prospectively for public companies for annual periods beginning after December 15, 2017, including interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2017-01 did not have a material impact on our Consolidated Financial Statements.

In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The adoption should be applied using a retrospective transition method to each period presented. ASU 2016-18 is effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2016-18 did not have a material impact on the presentation of our statement of cash flows in our Consolidated Financial Statements.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) (“ASU 2016-15”). The amendments in ASU 2016-15 provide guidance on eight specific cash flow issues, including debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investees and beneficial interests in securitization transactions. ASU 2016-15 was effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2016-15 did not have a material impact on our Consolidated Statement of Cash Flows as we have historically presented debt prepayment and extinguishment costs as outflows from financing activities and we had no other material cash flows impacted by the guidance.

In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”) which requires (i) equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is currently effective for public companies. With our loss of emerging growth company status during 2018, we adopted this guidance during the current quarter. The adoption of ASU 2016-01 did not have a material impact on our Consolidated Financial Statements.

In November 2015, FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-07 eliminates the requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. ASU 2015-17 is currently effective for public companies. With our loss of emerging growth company status during 2018, we adopted this guidance during the current quarter. The adoption of ASU 2015-17 did not have a material impact on our Consolidated Financial Statements.

In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers in an amount that reflects the expected consideration received in exchange for those goods or services. In addition to ASU 2014-09, the FASB issued the following ASUs updating the topic:

• In December 2016, ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers

• In May 2016, ASU No. 2016-12 , Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients

• In April 2016, ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing

• In March 2016, ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net).

• In August 2015, ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date

We adopted the provisions of Topic 606 during the quarter, which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition (Topic 605). Topic 606 requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. Most of our revenue is generated from interest or through servicing of financial contracts, both of which are excluded from the scope of ASU 2014-09. As a result, the standard did not have a material impact on our Condensed Financial Statements and we have made no adjustments to retained earnings or prior comparative periods.

Recently Issued Accounting Pronouncements Not Yet Adopted

In August 2018, FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which amends ASC 820, Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The provisions of ASU 2018-13 are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU 2018-13 and delay adoption of the additional disclosures until their effective date. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. We are currently assessing the impact adoption of ASU 2018-13 will have on our Consolidated Financial Statements.

In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive income ("ASU 2018-02"). Current US GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the period the change is enacted, including items of other comprehensive income for which the related tax effects are presented in other comprehensive income (“stranded tax effects”). ASU 2018-02 allows, but does not require, companies to reclassify stranded tax effects caused by the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") from accumulated other comprehensive income to retained earnings. Additionally, ASU 2018-02 requires new disclosures by all companies, whether they opt to do the reclassification or not. The provisions of ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods therein. Early adoption is permitted. Companies should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. We are currently assessing the impact adoption of ASU 2018-02 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplified the goodwill impairment test by eliminating Step 2 of the test which requires an entity to compute the implied fair value of goodwill. Instead, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, and is limited to the amount of total goodwill allocated to that reporting unit. Under ASU 2017-04, an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The provisions of ASU 2017-04 are effective for a public entity's annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We are currently assessing the impact adoption of ASU 2017-04 will have on our Consolidated Financial Statements.

In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). This ASU modifies the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods therein. We anticipate that ASU 2016-13 will impact our current process for measuring credit losses and are currently assessing the impact it will have on our Consolidated Financial Statements.

In February 2016, FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. In 2018, FASB released an additional transition method to adopt this new ASU. It allows companies to recognize a cumulative-effect adjustment in the period of adoption and to not restate prior periods. We will elect this transition method and it will be effective for us beginning January 1, 2019, with early adoption permitted. We plan, and are on schedule, to adopt the standard effective January 1, 2019. We expect ASU 2016-02 will have a material impact on our balance sheet with recognition of right-of-use assets and lease liabilities for operating leases. However, we do not expect adoption will have a material impact on our income statement. We do not expect the new standard will have material impacts on our liquidity or on our debt-covenant compliance under our current agreements.

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VARIABLE INTEREST ENTITIES

9 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES

At September 30, 2018, we held two credit facilities whereby we sell certain loan receivables to wholly-owned, bankruptcy-remote special purpose subsidiaries, which are considered variable interest entities ("VIEs"). We incur additional debt through the non-recourse facilities (See Note 5 - Long-Term Debt for further discussion) that is collateralized by these underlying loan receivables. We entered into the new Non-Recourse Canada SPV facility in August 2018. We extinguished the Non-Recourse U.S. SPV facility using the using the proceeds from the 8.25% Senior Secured Notes due September 1, 2025 ("8.25% Senior Secured Notes") in October 2018 (See Note 15 - Subsequent Events).

We have determined that we are the primary beneficiary of the VIEs and are required to consolidate them. We include the assets and liabilities related to the VIEs in our Consolidated Financial Statements and we account for them as secured borrowings. We parenthetically disclose on our Consolidated Balance Sheets the VIEs’ assets that can only be used to settle the VIEs' obligations and liabilities if the VIEs’ creditors have no recourse against our general credit.

The carrying amounts of the consolidated VIEs' assets and liabilities associated with our special purpose subsidiaries were as follows (September 30, 2018 includes balances for both the U.S. and Canada VIEs while the December 31, 2017 includes the U.S. VIE):

(in thousands)	September 30, 2018		December 31, 2017
Assets
Restricted cash	$	19,107	$	6,871
Loans receivable less allowance for loan losses	303,433		167,706
Total Assets	$	322,540	$	174,577
Liabilities
Accounts payable and accrued liabilities	$	1,360	$	12
Deferred revenue	149		—
Accrued interest	1,603		1,266
Long-term debt	161,956		120,402
Total Liabilities	$	165,068	$	121,680

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LOANS RECEIVABLE AND REVENUE

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

LOANS RECEIVABLE AND REVENUE

LOANS RECEIVABLE AND REVENUE

The following table summarizes revenue by product for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2018		2017		2018		2017
Unsecured Installment	$	148,591	$	128,785	$	405,010	$	343,365
Secured Installment	28,562		26,407		81,195		73,249
Open-End	40,290		18,630		94,735		52,342
Single-Pay	53,205		70,895		178,512		197,926
Ancillary	12,356		10,402		34,293		29,761
Total revenue	$	283,004	$	255,119	$	793,745	$	696,643

The following tables summarize Loans receivable by product and the related delinquent loans receivable at September 30, 2018:

	September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	80,867		$	156,947		$	74,017		$	184,067		$	495,898
Delinquent loans receivable	—			54,618			17,159			—			71,777
Total loans receivable	80,867			211,565			91,176			184,067			567,675
Less: allowance for losses	(3,768		)	(43,066		)	(11,221		)	(18,013		)	(76,068		)
Loans receivable, net	$	77,099		$	168,499		$	79,955		$	166,054		$	491,607

	September 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	21,374	$	8,117	$	29,491
31-60 days past due	16,542		4,395		20,937
61-90 days past due	16,702		4,647		21,349
Total delinquent loans receivable	$	54,618	$	17,159	$	71,777

The following tables summarize Loans receivable by product and the related delinquent loans receivable at December 31, 2017:

	December 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	99,400		$	151,343		$	73,165		$	47,949		$	371,857
Delinquent loans receivable	—			44,963			16,017			—			60,980
Total loans receivable	99,400			196,306			89,182			47,949			432,837
Less: allowance for losses	(5,916		)	(43,754		)	(13,472		)	(6,426		)	(69,568		)
Loans receivable, net	$	93,484		$	152,552		$	75,710		$	41,523		$	363,269

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	18,358	$	8,116	$	26,474
31-60 days past due	12,836		3,628		16,464
61-90 days past due	13,769		4,273		18,042
Total delinquent loans receivable	$	44,963	$	16,017	$	60,980

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at September 30, 2018:

	September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	63,688		$	2,425		$	66,113
Delinquent loans receivable guaranteed by the Company	12,119			593			12,712
Total loans receivable guaranteed by the Company	75,807			3,018			78,825
Less: CSO guarantee liability	(12,750		)	(493		)	(13,243		)
Loans receivable guaranteed by the Company, net	$	63,057		$	2,525		$	65,582

	September 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,419	$	462	$	10,881
31-60 days past due	1,077		65		1,142
61-90 days past due	623		66		689
Total delinquent loans receivable	$	12,119	$	593	$	12,712

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at December 31, 2017:

	December 31, 2017
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	62,676		$	3,098		$	65,774
Delinquent loans receivable guaranteed by the Company	12,480			537			13,017
Total loans receivable guaranteed by the Company	75,156			3,635			78,791
Less: CSO guarantee liability	(17,073		)	(722		)	(17,795		)
Loans receivable guaranteed by the Company, net	$	58,083		$	2,913		$	60,996

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,477	$	459	$	10,936
31-60 days past due	1,364		41		1,405
61-90 days past due	639		37		676
Total delinquent loans receivable	$	12,480	$	537	$	13,017

The following table summarizes activity in the allowance for loan losses during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Charge-offs	(43,427		)	(37,151		)	(11,188		)	(32,770		)	(3,207		)	(127,743		)
Recoveries	29,500			5,748			2,325			9,191			2,646			49,410
Net charge-offs	(13,927		)	(31,403		)	(8,863		)	(23,579		)	(561		)	(78,333		)
Provision for losses	13,511			39,025			9,698			31,686			561			94,481
Effect of foreign currency translation	(188		)	165			—			189			—			166
Balance, end of period	$	3,768		$	43,066		$	11,221		$	18,013		$	—		$	76,068
Allowance for loan losses as a percentage of gross loan receivables	4.7		%	20.4		%	12.3		%	9.8		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	11,193		$	426		$	11,619
Charge-offs	(44,896		)	(1,087		)	(45,983		)
Recoveries	6,901			665			7,566
Net charge-offs	(37,995		)	(422		)	(38,417		)
Provision for losses	39,552			490			40,042
Balance, end of period	$	12,750		$	493		$	13,243

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373
Charge-offs	(43,427		)	(82,047		)	(12,275		)	(32,770		)	(3,207		)	(173,726		)
Recoveries	29,500			12,649			2,990			9,191			2,646			56,976
Net charge-offs	(13,927		)	(69,398		)	(9,285		)	(23,579		)	(561		)	(116,750		)
Provision for losses	13,511			78,577			10,188			31,686			561			134,523
Effect of foreign currency translation	(188		)	165			(1		)	189			—			165
Balance, end of period	$	3,768		$	55,816		$	11,714		$	18,013		$	—		$	89,311

The following table summarizes activity in the allowance for loan losses during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Charge-offs	(51,709		)	(29,058		)	(8,985		)	(10,437		)	(1,446		)	(101,635		)
Recoveries	31,194			3,169			1,911			4,446			921			41,641
Net charge-offs	(20,515		)	(25,889		)	(7,074		)	(5,991		)	(525		)	(59,994		)
Provision for losses	20,632			31,110			1,989			6,348			525			60,604
Effect of foreign currency translation	(88		)	311			—			—			—			223
Balance, end of period	$	5,342		$	46,938		$	14,111		$	4,880		$	—		$	71,271
Allowance for loan losses as a percentage of gross loan receivables	5.7		%	25.8		%	16.6		%	15.2		%	N/A			18.1		%

The following table summarizes activity in the CSO guarantee liability during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	—		$	14,748		$	834		$	15,582
Charge-offs	(235		)	(43,124		)	(1,487		)	(44,846		)
Recoveries	233			6,326			858			7,417
Net charge-offs	(2		)	(36,798		)	(629		)	(37,429		)
Provision for losses	2			38,106			629			38,737
Balance, end of period	$	—		$	16,056		$	834		$	16,890

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020
Charge-offs	(51,944		)	(72,182		)	(10,472		)	(10,437		)	(1,446		)	(146,481		)
Recoveries	31,427			9,495			2,769			4,446			921			49,058
Net charge-offs	(20,517		)	(62,687		)	(7,703		)	(5,991		)	(525		)	(97,423		)
Provision for losses	20,634			69,216			2,618			6,348			525			99,341
Effect of foreign currency translation	(88		)	311			—			—			—			223
Balance, end of period	$	5,342		$	62,994		$	14,945		$	4,880		$	—		$	88,161

The following table summarizes activity in the allowance for loan losses during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	43,754		$	13,472		$	6,426		$	—		$	69,568
Charge-offs	(135,951		)	(112,630		)	(33,755		)	(76,926		)	(4,475		)	(363,737		)
Recoveries	94,783			18,083			7,487			30,451			2,733			153,537
Net charge-offs	(41,168		)	(94,547		)	(26,268		)	(46,475		)	(1,742		)	(210,200		)
Provision for losses	39,340			93,936			24,017			57,962			1,742			216,997
Effect of foreign currency translation	(320		)	(77		)	—			100			—			(297		)
Balance, end of period	$	3,768		$	43,066		$	11,221		$	18,013		$	—		$	76,068
Allowance for loan losses as a percentage of gross loan receivables	4.7		%	20.4		%	12.3		%	9.8		%	N/A			13.4		%

The following table summarizes activity in the CSO guarantee liability during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(119,632		)	(3,299		)	(122,931		)
Recoveries	25,227			2,610			27,837
Net charge-offs	(94,405		)	(689		)	(95,094		)
Provision for losses	90,082			461			90,543
Balance, end of period	$	12,750		$	493		$	13,243

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	60,827		$	14,194		$	6,426		$	—		$	87,363
Charge-offs	(135,951		)	(232,262		)	(37,054		)	(76,926		)	(4,475		)	(486,668		)
Recoveries	94,783			43,310			10,097			30,451			2,733			181,374
Net charge-offs	(41,168		)	(188,952		)	(26,957		)	(46,475		)	(1,742		)	(305,294		)
Provision for losses	39,340			184,018			24,478			57,962			1,742			307,540
Effect of foreign currency translation	(320		)	(77		)	(1		)	100			—			(298		)
Balance, end of period	$	3,768		$	55,816		$	11,714		$	18,013		$	—		$	89,311

The following table summarizes activity in the allowance for loan losses during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,501		$	17,775		$	10,737		$	5,179		$	—		$	39,192
Charge-offs	(140,614		)	(53,632		)	(15,926		)	(28,113		)	(3,846		)	(242,131		)
Recoveries	94,535			13,803			6,726			13,903			2,450			131,417
Net charge-offs	(46,079		)	(39,829		)	(9,200		)	(14,210		)	(1,396		)	(110,714		)
Provision for losses	45,810			68,264			12,574			13,911			1,396			141,955
Effect of foreign currency translation	110			728			—			—			—			838
Balance, end of period	$	5,342		$	46,938		$	14,111		$	4,880		$	—		$	71,271
Allowance for loan losses as a percentage of gross loan receivables	5.7		%	25.8		%	16.6		%	15.2		%	N/A			18.1		%

The following table summarizes activity in the CSO guarantee liability during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(2,121		)	(104,246		)	(6,790		)	(113,157		)
Recoveries	1,335			23,051			4,041			28,427
Net charge-offs	(786		)	(81,195		)	(2,749		)	(84,730		)
Provision for losses	512			81,621			2,435			84,568
Balance, end of period	$	—		$	16,056		$	834		$	16,890

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,775		$	33,405		$	11,885		$	5,179		$	—		$	56,244
Charge-offs	(142,735		)	(157,878		)	(22,716		)	(28,113		)	(3,846		)	(355,288		)
Recoveries	95,870			36,854			10,767			13,903			2,450			159,844
Net charge-offs	(46,865		)	(121,024		)	(11,949		)	(14,210		)	(1,396		)	(195,444		)
Provision for losses	46,322			149,885			15,009			13,911			1,396			226,523
Effect of foreign currency translation	110			728			—			—			—			838
Balance, end of period	$	5,342		$	62,994		$	14,945		$	4,880		$	—		$	88,161

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CREDIT SERVICES ORGANIZATION

9 Months Ended

Sep. 30, 2018

Guarantees [Abstract]

CREDIT SERVICES ORGANIZATION

CREDIT SERVICES ORGANIZATION

The CSO fee receivable amounts under our CSO programs were $13.7 million and $14.5 million at September 30, 2018 and December 31, 2017, respectively. As noted, we bear the risk of loss through our guarantee to purchase any defaulted customer loans from the lenders. The terms of these loans range from three to 18 months. As of September 30, 2018 and December 31, 2017, the maximum amount payable under all such guarantees was $65.9 million and $65.2 million, respectively. Our guarantee liability was $13.2 million and $17.8 million at September 30, 2018 and December 31, 2017, respectively.

We have placed $17.0 million and $17.9 million in collateral accounts for the lenders at September 30, 2018 and December 31, 2017, respectively, which is reflected in "Prepaid expenses and other" in the Condensed Consolidated Balance Sheets. The balances required to be maintained in these collateral accounts vary based upon lender but are typically based on a percentage of the outstanding loan balances held by the lender. The percentage of outstanding loan balances required for collateral is negotiated between us and each such lender.

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LONG-TERM DEBT

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

LONG-TERM DEBT

LONG-TERM DEBT

Long-term debt consisted of the following:

(in thousands)	September 30, 2018		December 31, 2017
8.25% Senior Secured Notes (due 2025)	$	677,245	$	—
12.00% Senior Secured Notes (due 2022)	—		585,823
Non-Recourse U.S. SPV Facility	76,614		120,402
Non-Recourse Canada SPV Facility	85,342		—
Senior Revolver	29,000		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	868,201	$	706,225

Senior Secured Notes

In February and November 2017, CFTC issued $470.0 million and $135.0 million, respectively, of 12.00% Senior Secured Notes due March 1, 2022 ("12.00% Senior Secured Notes"). The February issuance refinanced similar notes that were nearing maturity, and the extinguishment of the existing notes resulted in a pretax loss of $12.5 million during the nine months ended September 30, 2017. In connection with these 12.00% Senior Secured Notes, we capitalized financing costs of approximately $18.3 million, the balance of which is included in the Condensed Consolidated Balance Sheets as a component of Long-term debt and is being amortized over the term of the 12.00% Senior Secured Notes and included as a component of interest expense.

On February 5, 2018, CFTC issued a notice of redemption for $77.5 million of its 12.00% Senior Secured Notes using a portion of the cash proceeds from our IPO as required by the underlying indenture (the transaction whereby the 12.00% Senior Secured Notes were partially redeemed, the “Redemption”). The Redemption occurred on March 7, 2018 at a price equal to 112.00% of the principal amount of the 12.00% Senior Secured Notes redeemed, plus accrued and unpaid interest paid thereon, to the date of Redemption. The Redemption price and the amortization of a corresponding portion of the capitalized financing costs resulted in a loss on Redemption of $11.7 million. Following the Redemption, $527.5 million of the original outstanding principal amount of the 12.00% Senior Secured Notes remain outstanding. CFTC conducted the Redemption pursuant to the Indenture governing the 12.00% Senior Secured Notes (the “Indenture”), dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent.

On August 13, 2018, CGHC issued $690.0 million of 8.25% Senior Secured Notes due September 1, 2025 ("8.25% Senior Secured Notes"). The proceeds from issuance of the 8.25% Senior Secured Notes were used to extinguish the February and November 2017 12.00% Senior Secured Notes due March 1, 2022 and resulted in a pretax loss of $69.2 million during the three months ended September 30, 2018. In connection with the 8.25% Senior Secured Notes, we capitalized financing costs of approximately $12.9 million, the balance of which is included in the Condensed Consolidated Balance Sheet as a component of Long-term debt and is being amortized over the term of the 8.25% Senior Secured Notes and included as a component of interest expense.

As of September 30, 2018, CGHC was in full compliance with the covenants and other provisions of the 8.25% Senior Secured Notes.

Non-Recourse U.S. SPV Facility

In November 2016, CURO Receivables Finance I, LLC, a Delaware limited liability company (the “SPV Borrower”) and our wholly-owned subsidiary, entered into a five-year revolving credit facility that provides an $80.0 million term loan and $70.0 million revolving borrowing capacity that can expand over time (“Non-Recourse U.S. SPV Facility”). The loans bear interest at an annual rate of up to 12.00% plus the greater of (i) 1.0% per annum and (ii) the three-month LIBOR. The SPV Borrower also pays a 0.50% per annum commitment fee on the unused portion of the commitments. During the quarter, we paid $3.9 million of interest. As of September 30, 2018, the SPV Borrower was in full compliance with the covenants and other provisions of the Non-Recourse U.S. SPV Facility. During the three months ended September 30, 2018, a portion of the proceeds from the 8.25% Senior Secured Notes were used to extinguish the revolver's balance of $42.4 million. In October 2018, we extinguished the remaining term loan balance of $80.0 million. We made the final termination payment of $2.7 million on October 26, 2018, resulting in a loss on the extinguishment of debt of $9.7 million in October 2018. See Note 15, "Subsequent Events" for additional details on the October extinguishment.

Non-Recourse Canada SPV Facility

On August 2, 2018, CURO Canada Receivables Limited Partnership, a newly created, bankruptcy-remote special purpose vehicle (the "Canada SPV Borrower") and our wholly-owned subsidiary, entered into a four-year revolving credit facility that provides for C$175.0 million of initial borrowing capacity and the ability to expand such capacity up to C$250.0 million ("Non-Recourse Canada SPV Facility"). The loans bear interest at an annual rate of 6.75% plus the three-month CDOR. The Canada SPV Borrower also pays a 0.50% per annum commitment fee on the unused portion of the commitments. During the quarter, we paid $0.4 million of interest cost. This facility matures in 2022. As of September 30, 2018, the Canada SPV Borrower was in full compliance with the covenants and other provisions of the Non-Recourse Canada SPV Facility.

Senior Revolver

In September 2017, CFTC and CURO Intermediate Holdings Corp., our wholly-owned subsidiary, entered into a $25.0 million Senior Secured Revolving Loan Facility (the “Senior Revolver”). The terms of the Senior Revolver generally conform to the related provisions in the Indenture dated February 15, 2017 for our 12.00% Senior Secured Notes and complements our other financing sources, while providing seasonal short-term liquidity. In February 2018, the Senior Revolver capacity was increased to $29.0 million as permitted by the Indenture to the 12.00% Senior Secured Notes based upon consolidated tangible assets. The Senior Revolver is now syndicated with participation by a second bank.

There is $29.0 million maximum availability under the Senior Revolver, including up to $5.0 million of standby letters of credit, for a one-year term, renewable for successive terms following annual review. As of September 30, 2018, CFTC and CURO Intermediate Holdings Corp. were in full compliance with the covenants and other provisions of the Senior Revolver. The Senior Revolver was fully drawn as of September 30, 2018.

Cash Money Revolving Credit Facility

Cash Money Cheque Cashing, Inc., one of our Canadian subsidiaries, maintains a C$7.3 million revolving credit facility with Royal Bank of Canada (the "Cash Money Revolving Credit Facility"), which provides short-term liquidity required to meet the working capital needs of our Canadian operations. Aggregate draws under this facility are limited to the lesser of: (i) the borrowing base, which is defined as a percentage of cash, deposits in transit and accounts receivable, and (ii) C$7.3 million. As of December 31, 2017, the borrowing capacity under our revolving credit facility was reduced by C$0.3 million in stand-by-letters of credit.

The Cash Money Revolving Credit Facility is collateralized by substantially all of Cash Money’s assets and contains various covenants that include, among other things, that the aggregate borrowings outstanding under the facility not exceed the borrowing base, restrictions on the encumbrance of assets and the creation of indebtedness. Borrowings under the Cash Money Revolving Credit Facility bear interest (per annum) at the prime rate of a Canadian chartered bank plus 1.95%. The Cash Money Revolving Credit Facility was undrawn at September 30, 2018 and December 31, 2017.

In July 2018 the Cash Money Revolving Credit Facility capacity was increased from C$7.3 million to C$10.0 million.

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SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

On November 8, 2017, our stockholders approved a new equity plan (“2017 Incentive Plan”). The 2017 Incentive Plan provides for the issuance of up to 5.0 million shares, subject to certain adjustment provisions, for the granting of stock options, restricted stock awards, restricted stock units (“RSUs”), stock appreciation rights, performance awards and other awards that may be settled in or based upon our common stock. Awards may be granted to certain of our officers, employees, consultants and directors. The 2017 Incentive Plan provides that shares of common stock subject to awards granted become available for issuance if such awards expire, terminate, are canceled for any reason or are forfeited by the recipient.

RSUs are typically valued at the date of grant based on the value of our common stock and are expensed using the straight-line method over the service period. Grants of RSUs do not confer full stockholder rights such as voting rights and cash dividends, but provide for additional dividend equivalent RSU awards in lieu of cash dividends. Unvested shares of RSUs may be forfeited upon termination of employment depending on the circumstances of the termination, or failure to achieve the required performance condition, if applicable.

A summary of the status of RSUs as of September 30, 2018 and changes during the nine months ended September 30, 2018 is presented in the following table:

	Units		Weighted Average Grant Date Fair Value
December 31, 2017	1,516,241		$	14.00
Granted	90,372		17.46
Vested	(49,994	)	14.20
Forfeited	—		—
September 30, 2018	1,556,619		$	14.19

Share-based compensation expense during the three months ended September 30, 2018 and 2017, which includes compensation costs from stock options and RSUs, was $2.1 million and $0.5 million, respectively, and during the nine months ended September 30, 2018 and 2017 was $6.1 million and $1.8 million, respectively, and is included in the Condensed Consolidated Statements of Income as a component of "Corporate, district and other" expense. The increased expense during the nine months ended September 30, 2018 is primarily due to grants of RSUs in December 2017, as further disclosed in our 2017 Annual Report on Form 10-K.

As of September 30, 2018, there was $16.5 million of unrecognized compensation cost related to share-based awards, which we will recognize over a weighted-average period of 2.2 years.

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INCOME TAXES

9 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

INCOME TAXES

Our effective tax rate was 26.3% and 50.4% during the three months ended September 30, 2018 and 2017, respectively. Our effective tax rate was (0.1)% and 41.2% during the nine months ended September 30, 2018 and 2017, respectively.

On December 22, 2017, the 2017 Tax Act became law, which enacted various changes to the U.S. corporate tax law. Some of the most significant provisions affecting us include a reduced U.S. corporate income tax rate from 35% to 21% effective in 2018, a one-time “deemed repatriation” tax on unremitted earnings accumulated in non-U.S. jurisdictions and reported on the 2017 corporate income tax return, and a 2018 and forward minimum tax on global intangible low-taxed income ("GILTI"). At 2017 year-end, we recorded an estimated provisional deemed repatriation tax of $8.1 million. Subsequently, the IRS issued additional guidance regarding the calculation of the deemed repatriation tax and we recorded an additional accrual of $1.2 million during the period ended March 31, 2018. Through September 30, 2018, we have estimated zero GILTI tax for 2018. Previously, through June, 2018, we had estimated $1.1 million of GILTI tax annually and recorded approximately $0.6 million in the first quarter of 2018. Changes in estimates of foreign sourced income resulted in the reversal of the previously recorded $0.6 million during the three months ended September 30, 2018.

During the three months ended September 30, 2018 we recorded a tax benefit of $3.3 million for the fair market value impact of a 2010 plan that we modified in 2017 creating a taxable event. Additionally, we have not recorded a tax benefit for losses in the U.K. or in certain subsidiaries in Canada.

As of September 30, 2018, we estimated and provided $9.3 million for cumulative undistributed non-U.S. earnings as part of the 2017 repatriation tax provision and the 2018 GILTI tax in the 2017 Tax Act. We intend to reinvest our foreign earnings indefinitely in our non-U.S. operations and therefore have not provided for any non-U.S. withholding tax that would be assessed on dividend distributions. If the earnings of $172.9 million were distributed to the U.S., we would be subject to estimated Canadian withholding taxes of approximately $8.6 million. In the event the earnings were distributed to the U.S., we would adjust our income tax provision for the period and would determine the amount of foreign tax credit that would be available.

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FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We are required to use valuation techniques that are consistent with the market approach, income approach and/or cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own estimate about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. Accounting standards establish a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The hierarchy requires us to maximize the use of observable inputs and minimize the use of unobservable inputs.

The three levels of inputs used to measure fair value are listed below.

Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs include quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 – Unobservable inputs reflecting our own judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. We develop these inputs based on the best information available, including our own data.

Financial Assets and Liabilities Not Measured at Fair Value

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at September 30, 2018.

			Estimated Fair Value
(dollars in thousands)	Carrying Value September 30, 2018		Level 1		Level 2		Level 3		September 30, 2018
Financial assets:
Cash	$	153,361	$	153,361	$	—	$	—	$	153,361
Restricted cash	24,236		24,236		—		—		24,236
Loans receivable, net	491,607		—		—		491,607		491,607
Investment in Cognical	6,600		—		—		6,600		6,600
Financial liabilities:
Credit services organization guarantee liability	$	13,243	$	—	$	—	$	13,243	$	13,243
2018 Senior Secured Notes	677,245		—		—		651,848		651,848
Non-Recourse U.S. SPV facility	76,614		—		—		80,000		80,000
Non-Recourse Canada SPV facility	85,342		—		—		89,666		89,666

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at December 31, 2017.

			Estimated Fair Value
(dollars in thousands)	Carrying Value December 31, 2017		Level 1		Level 2		Level 3		December 31, 2017
Financial assets:
Cash	$	162,374	$	162,374	$	—	$	—	$	162,374
Restricted cash	12,117		12,117		—		—		12,117
Loans receivable, net	363,269		—		—		363,269		363,269
Investment in Cognical	5,600		—		—		5,600		5,600
Financial liabilities:
Credit services organization guarantee liability	$	17,795	$	—	$	—	$	17,795	$	17,795
2017 Senior Secured notes	585,823		—		—		663,475		663,475
Non-Recourse U.S. SPV facility	120,402		—		—		124,590		124,590

Loans receivable are carried on the Condensed Consolidated Balance Sheets net of the allowance for estimated loan losses, which we calculate primarily based upon models that back-test subsequent collections history for each type of loan product. The unobservable inputs used to calculate the carrying value include additional quantitative factors, such as current default trends and changes to the portfolio mix are also considered in evaluating the accuracy of the models, as well as additional qualitative factors such as the impact of new loan products, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions. Loans have terms ranging up to 60 months. The carrying value of loans receivable approximates the fair value.

In connection with our CSO programs, we guarantee consumer loan payment obligations to unrelated third-party lenders for loans that we arrange for consumers on the third-party lenders’ behalf. We are required to purchase from the lender defaulted loans we have guaranteed. The estimated fair value of the guarantee liability related to CSO loans we have guaranteed was $13.2 million and $17.8 million as of September 30, 2018 and December 31, 2017, respectively. We record the initial measurement of this guarantee liability at fair value using Level 3 inputs with subsequent measurement of the liability measured as a contingent loss. The unobservable inputs used to calculate fair value include the nature of the loan products, the creditworthiness of the borrowers in the customer base, our historical loan default history for similar loans, industry loan default history, historical collection rates on similar products, current default trends, past-due account roll rates, changes to underwriting criteria or lending policies, new store development or entrance into new markets, changes in jurisdictional regulations or laws, recent credit trends and general economic conditions.

The fair value of our Senior Secured Notes was based on broker quotations. The fair value of the Non-Recourse U.S. SPV facility was based on the cash needed for final settlement.

Derivative Financial Instrument

We seek to minimize risks from foreign currency rate fluctuations on anticipated transactions in the ordinary course of business through the use of cash flow hedges. During the nine months ended September 30, 2018, we entered into a series of cash flow hedges in which the hedging instruments were forwards to purchase £10.4 million. These contracts will complete in the three months ending December 31, 2018.

We performed an assessment that determined all critical terms of the hedging instrument and the hedged transaction match and, as such, have qualitatively concluded that changes in the hedge instrument’s intrinsic value will completely offset the change in the expected cash flows based on changes in the spot rate. Since the effectiveness of this hedge is assessed based on changes in the hedge instrument’s intrinsic value, the change in the time value of the contract would be excluded from the assessment of hedge effectiveness. We recorded changes in the hedge instrument’s intrinsic value, to the extent that they were effective as a hedge, in "Other comprehensive income." As of September 30, 2018 we have recorded an unrealized loss of $0.6 million in "Other comprehensive income" associated with this hedge.

Foreign Currency Forward Contract

On June 29, 2018, we entered into a forward contract that is not designated to receive hedge accounting treatment. The purpose of this forward contract is to reduce income statement volatility resulting from our foreign currency denominated assets and liabilities in Canada and to protect the cash required to settle those items. The forward contract is recorded at fair value on the balance sheet with changes in the fair value being recorded in the income statement. As of September 30, 2018, the forward contract did not have a fair value and did not impact the Condensed Consolidated Financial Statements.

Purchase of Cognical Holdings Inc. Preferred Shares

During the three months ended March 31, 2018, we purchased 560,872 additional preferred shares of Cognical Holdings, Inc. ("Cognical") for $1.0 million. As a result of this transaction, along with share purchases during 2017, we currently own 10.4% of the equity of Cognical. We record these purchases in "Other assets" on our Consolidated Balance Sheets. No additional interest in Cognical was acquired through September 30, 2018.

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STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2018

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

In connection with our IPO in December 2017, the underwriters had a 30-day option to purchase up to an additional 1.0 million shares at the initial public offering price, less the underwriting discount to over-allotments, if any. The underwriters exercised this option and purchased 1.0 million shares on January 5, 2018. The exercise of this option provided additional proceeds to us of $13.1 million.

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EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following presents the computation of basic earnings per share (in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Basic: (1)
Net income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Weight average common shares	45,853			37,908		45,674			37,908
Basic earnings per share	$	(1.03	)	$	0.26	$	(0.17	)	$	1.13
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred In November 2017.

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Diluted: (1)
Net income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Weighted average common shares - basic	45,853			37,908		45,674			37,908
Dilutive effect of stock options and restricted stock units	2,499			1,006		2,387			1,051
Weighted average common shares - diluted	48,352			38,914		48,061			38,959
Diluted earnings per share	$	(0.97	)	$	0.25	$	(0.16	)	$	1.10
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred in November 2017.

Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss per share are considered to be anti-dilutive and as such, we do not include these shares in calculating "Diluted earnings per share." For the three and nine months ended September 30,2018and 2017, there were no potential common shares excluded from the calculation of diluted earnings per share because their effect was anti-dilutive.

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SUPPLEMENTAL CASH FLOW INFORMATION

9 Months Ended

Sep. 30, 2018

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW INFORMATION

SUPPLEMENTAL CASH FLOW INFORMATION

The following table provides supplemental cash flow information:

	Nine Months Ended September 30,
(dollars in thousands)	2018		2017
Cash paid for:
Interest	$	80,748	$	60,089
Income taxes	15,868		16,650
Non-cash investing activities:
Property and equipment accrued in accounts payable	$	1,240	$	208

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SEGMENT REPORTING

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

We prepare segment information on the same basis that our chief operating decision maker reviews financial information for operational decision making purposes. We have three reportable operating segments: the U.S., Canada and the U.K.

The segment performance measure below is based on gross margin. In management’s evaluation of performance, certain costs, such as corporate expenses, district expenses and interest expense, are not allocated by segment. Accordingly the following reporting segment results do not include such allocated costs. There are no intersegment revenues, and we determined the amounts below in accordance with the same accounting principles used in our Condensed Consolidated Financial Statements.

The following table illustrates summarized financial information concerning our reportable segments.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2018		2017		2018		2017
Revenues by segment:
U.S.	$	223,273	$	193,826	$	617,992	$	531,912
Canada	46,209		50,658		139,502		135,819
U.K.	13,522		10,635		36,251		28,912
Consolidated revenue	$	283,004	$	255,119	$	793,745	$	696,643
Gross margin by segment:
U.S.	$	60,105	$	61,103	$	215,497	$	201,354
Canada	489		15,649		28,291		45,911
U.K.	3,390		3,414		9,853		9,808
Consolidated gross margin	$	63,984	$	80,166	$	253,641	$	257,073
Expenditures for long-lived assets by segment:
U.S.	$	4,483	$	1,535	$	6,466	$	6,183
Canada	590		180		1,564		656
U.K.	72		250		170		1,078
Consolidated expenditures for long-lived assets	$	5,145	$	1,965	$	8,200	$	7,917

The following table provides the proportion of gross loans receivable by segment:

(dollars in thousands)	September 30, 2018		December 31, 2017
U.S.	$	344,182	$	308,696
Canada	193,581		104,551
U.K.	29,912		19,590
Total gross loans receivable	$	567,675	$	432,837

The following table illustrates our net long-lived assets, comprised of property and equipment by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located:

(dollars in thousands)	September 30, 2018		December 31, 2017
U.S.	$	48,371	$	52,627
Canada	30,133		32,924
U.K.	1,286		1,535
Total net long-lived assets	$	79,790	$	87,086

Our chief operating decision maker does not review assets by segment for purposes of allocating resources or decision-making purposes; therefore, total assets by segment are not disclosed.

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CONTINGENT LIABILITIES

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

CONTINGENT LIABILITIES

CONTINGENT LIABILITIES

Reimbursement Offer; Possible Changes in Payment Practices

During 2017, it was determined that a limited universe of borrowers may have incurred bank overdraft or non-sufficient funds fees because of possible confusion about certain electronic payments we initiated on their loans. As a result, we decided to reimburse such fees through payments or credits against outstanding loan balances, subject to per-customer dollar limitations, upon receipt of (i) claims from potentially affected borrowers stating that they were in fact confused by our practices and (ii) bank statements from such borrowers showing that fees for which reimbursement is sought were incurred at a time that such borrowers might reasonably have been confused about our practices. As of September 30, 2018, net of payments made, we no longer have a liability for this matter.     

Additionally, in June 2018, we discontinued the use of secondary payment cards for affected borrowers referenced above who did not explicitly reauthorize the use of secondary payment cards.  For those borrowers, in the event we cannot obtain payment through the bank account or payment card listed on the borrower’s application, we will need to rely exclusively on other collection methods such as delinquency notices and/or collection calls. Our discontinuance of using secondary cards for affected borrowers will increase collections costs and reduce collections effectiveness.

City of Austin

We were cited on July 5, 2016 by the City of Austin, Texas for alleged violations of the Austin ordinance addressing products offered by CSOs. The Austin ordinance regulates aspects of products offered under our Credit Access Business ("CAB") programs, including loan sizes and repayment terms. We believe that: (i) the Austin ordinance (like its counterparts elsewhere in the state) conflicts with Texas state law and (ii) our product in any event complies with the ordinance, when the ordinance is properly construed. The Austin Municipal Court agreed with our position that the ordinance conflicts with Texas law and, accordingly, did not address our second argument. In September 2017, the Travis County Court reversed the Municipal Court’s decision and remanded the case for further proceedings. We do not anticipate having a final determination of the lawfulness of our CAB program under the Austin ordinance (and similar ordinances in other Texas cities) in the near future. A final adverse decision could potentially result in material monetary liability in Austin and elsewhere in Texas, and would force us to restructure the loans we originate in Austin and elsewhere in Texas.

Other Legal Matters

We are also a defendant in certain routine litigation matters encountered in the ordinary course of our business. Certain of these matters may be covered to an extent by insurance. In the opinion of management, based upon the advice of legal counsel, the likelihood is remote that the impact of any pending legal proceedings and claims, either individually or in the aggregate, would have a material adverse effect on our Consolidated Financial Statements.

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION

9 Months Ended

Sep. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

In February 2017, CFTC issued $470.0 million aggregate principal amount 12.00% Senior Secured Notes, the proceeds of which were used together with available cash, to (i) redeem the outstanding 10.75% Senior Secured Notes due 2018 of our wholly-owned subsidiary, CURO Intermediate, (ii) redeem the outstanding 12.00% Senior Cash Pay Notes due 2017 and (iii) pay fees, expenses, premiums and accrued interest in connection with the offering. CFTC sold the Senior Secured Notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”) or outside the U.S. to non-U.S. persons in compliance with Regulation S of the Securities Act.

In November 2017, CFTC issued $135.0 million aggregate principal amount of additional 12.00% Senior Secured Notes in a private offering exempt from the registration requirements of the Securities Act (the "Additional Notes Offering"). CFTC used the proceeds from the Additional Notes Offering, together with available cash, to (i) pay a cash dividend, in an amount of $140.0 million to us, CFTC’s sole stockholder, and ultimately our stockholders and (ii) pay fees, expenses, premiums and accrued interest in connection with the Additional Notes Offering. CFTC received the consent of the holders of a majority of the outstanding principal amount of the current Senior Secured Notes to a one-time waiver with respect to the restrictions contained in Section 5.07(a) of the indenture governing the 12.00% Senior Secured Notes to permit the dividend.

In March 2018, CFTC redeemed $77.5 million of the 12.00% Senior Secured Notes at a price equal to 112.00% of the principal amount plus accrued and unpaid interest to the date of redemption. The redemption was conducted pursuant to the indenture governing the 12.00% Senior Secured Notes, dated as of February 15, 2017, by and among CFTC, the guarantors party thereto and TMI Trust Company, as trustee and collateral agent. Consistent with the terms of the indenture, CFTC used a portion of the cash proceeds from our IPO, to redeem such 12.00% Senior Secured Notes.

In August 2018, CGHC issued $690.0 million of 8.25% Senior Secured Notes due September 1, 2025. The proceeds from issuance of the 8.25% Senior Secured Notes were used to extinguish the February and November 2017 12.00% Senior Secured Notes due March 1, 2022. The redemption was conducted pursuant to the indenture governing the 8.25% Senior Secured Notes. See Note 5, "Long-Term Debt," for additional details.

The following condensed consolidating financing information, which has been prepared in accordance with the requirements for presentation of Rule 3-10(d) of Regulation S-X promulgated under the Securities Act, presents the condensed consolidating financial information separately for:

(i) CURO as the issuer of the 8.25% Senior Secured Notes;

(ii) CFTC as the issuer of the 12.00% Senior Secured Notes;

(iii) CURO Intermediate as the issuer of the 10.75% senior secured notes that were redeemed in February 2017;

(iv) Our subsidiary guarantors, which are comprised of our domestic subsidiaries, excluding CFTC, U.S. SPV, Canada SPV and CURO Intermediate (the “Subsidiary Guarantors”), on a consolidated basis, which are 100% owned by us, and which are guarantors of the 8.25% Senior Secured Notes issued in August 2018, 12.00% Senior Secured Notes issued in February 2017 and the 10.75% Senior Secured Notes redeemed in February 2017;

(v) Our other subsidiaries on a consolidated basis, which are not guarantors of the Senior Secured Notes (the “Subsidiary Non-Guarantors”)

(vi) Consolidating and eliminating entries representing adjustments to:

a. eliminate intercompany transactions between or among us, the Subsidiary Guarantors and the Subsidiary Non-Guarantors; and

b. eliminate the investments in our subsidiaries;

(vii) Us and our subsidiaries on a consolidated basis.

Condensed Consolidating Balance Sheets

	September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			US SPV			Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	116,142		$	37,219		$	—		$	—		$	—		$	153,361		$	—		$	—	$	153,361
Restricted cash	—			—			1,682			3,447			6,934			12,173			—			24,236			—			—		24,236
Loans receivable, net	—			—			104,925			83,248			185,445			117,989			—			491,607			—			—		491,607
Deferred income taxes	—			—			—			—			—			—			—			—			—			—		—
Income taxes receivable	85,908			(101,972		)	26,129			—			—			—			—			10,065			6,298			—		16,363
Prepaid expenses and other	—			—			35,636			4,473			—			—			—			40,109			—			—		40,109
Property and equipment, net	—			—			48,371			31,419			—			—			—			79,790			—			—		79,790
Goodwill	—			—			91,131			52,835			—			—			—			143,966			—			—		143,966
Other intangibles, net	15			—			6,669			26,524			—			—			—			33,208			—			—		33,208
Intercompany receivable	—			38,177			40,702			(29,618		)	—			—			(49,261		)	—			—			—		—
Investment in subsidiaries	77,725			1,046,983			—			—			—			—			(1,124,708		)	—			(90,538		)	90,538		—
Other	6,618			—			5,467			1,005			—			—			—			13,090			—			—		13,090
Total assets	$	170,266		$	983,188		$	476,854		$	210,552		$	192,379		$	130,162		$	(1,173,969	)	$	989,432		$	(84,240	)	$	90,538	$	995,730
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	904		$	12		$	31,749		$	18,752		$	40		$	1,320		$	—		$	52,777		$	76		$	—	$	52,853
Deferred revenue	—			—			5,625			3,893			118			31			—			9,667			—			—		9,667
Income taxes payable	—			—			—			338			—			—			—			338			—			—		338
Accrued interest	108			—			—			(13		)	990			613			—			1,698			5,693			—		7,391
Payable to CURO Holdings Corp.	—			—			776,988			—			—			—			—			776,988			(776,988		)	—		—
CSO guarantee liability	—			—			13,243			—			—			—			—			13,243			—			—		13,243
Deferred rent	—			—			9,670			1,618			—			—			—			11,288			—			—		11,288
Long-term debt (excluding current maturities)	29,000			—			—			—			76,614			85,342			—			190,956			677,245			—		868,201
Subordinated shareholder debt	—			—			—			2,319			—			—			—			2,319			—			—		2,319
Intercompany payable	233,081			893,971			(998,574		)	(7,180		)	(128,486		)	56,449			(49,261		)	—			—			—		—
Other long-term liabilities	—			—			5,548			1,401			—			—			—			6,949			—			—		6,949
Deferred tax liabilities	(2,289		)	11,480			3,952			604			—			—			—			13,747			(130		)	—		13,617
Total liabilities	260,804			905,463			(151,799		)	21,732			(50,724		)	143,755			(49,261		)	1,079,970			(94,104		)	—		985,866
Stockholder’s equity	(90,538		)	77,725			628,653			188,820			243,103			(13,593		)	(1,124,708		)	(90,538		)	9,864			90,538		9,864
Total liabilities and stockholder’s equity	$	170,266		$	983,188		$	476,854		$	210,552		$	192,379		$	130,162		$	(1,173,969	)	$	989,432		$	(84,240	)	$	90,538	$	995,730

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	117,379		$	44,915		$	—		$	—		$	162,294		$	80		$	—	$	162,374
Restricted cash	—			—			1,677			3,569			6,871			—			12,117			—			—		12,117
Loans receivable, net	—			—			84,912			110,651			167,706			—			363,269			—			—		363,269
Deferred income taxes	—			2,154			(4,646		)	3,502			—			—			1,010			(238		)	—		772
Income taxes receivable	—			—			—			—			—			—			—			3,455			—		3,455
Prepaid expenses and other	—			—			38,277			3,353			—			—			41,630			882			—		42,512
Property and equipment, net	—			—			52,627			34,459			—			—			87,086			—			—		87,086
Goodwill	—			—			91,131			54,476			—			—			145,607			—			—		145,607
Other intangibles, net	16			—			5,418			27,335			—			—			32,769			—			—		32,769
Intercompany receivable	—			37,877			33,062			(30,588		)	—			(40,351		)	—			—			—		—
Investment in subsidiaries	(14,504		)	899,371			—			—			—			(884,867		)	—			(84,889		)	84,889		—
Other	5,713			—			3,017			1,040			—			—			9,770			—			—		9,770
Total assets	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,606		$	13		$	35,753		$	15,954		$	12		$	—		$	54,338		$	1,454		$	—	$	55,792
Deferred revenue	—			—			6,529			5,455			—			—			11,984			—			—		11,984
Income taxes payable	(49,738		)	70,231			(18,450		)	2,077			—			—			4,120			—			—		4,120
Accrued interest	24,201			—			—			—			1,266			—			25,467			—			—		25,467
Payable to CURO Holdings Corp.	184,348			—			(95,048		)	—			—			—			89,300			(89,300		)	—		—
CSO guarantee liability	—			—			17,795			—			—			—			17,795			—			—		17,795
Deferred rent	—			—			9,896			1,681			—			—			11,577			—			—		11,577
Long-term debt	585,823			—			—			—			120,402			—			706,225			—			—		706,225
Subordinated shareholder debt	—			—			—			2,381			—			—			2,381			—			—		2,381
Intercompany payable	(668,536		)	876,869			(124,332		)	40,351			(84,001		)	(40,351		)	—			—			—		—
Other long-term liabilities	—			—			3,969			1,799			—			—			5,768			—			—		5,768
Deferred tax liabilities	(2,590		)	6,793			(143		)	7,426			—			—			11,486			—			—		11,486
Total liabilities	76,114			953,906			(164,031		)	77,124			37,679			(40,351		)	940,441			(87,846		)	—		852,595
Stockholder’s equity	(84,889		)	(14,504		)	586,885			175,588			136,898			(884,867		)	(84,889		)	7,136			84,889		7,136
Total liabilities and stockholder’s equity	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731

Condensed Consolidating Statements of Income

	Three Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			US SPV		Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Revenue	$	—		$	—		$	141,384		$	53,337		$	81,889	$	6,394					$	283,004		$	—		$	—	$	283,004
Provision for losses	—			—			58,514			12,691			44,742		18,576						134,523			—			—		134,523
Net revenue	—			—			82,870			40,646			37,147		(12,182		)	—			148,481			—			—		148,481
Cost of providing services:
Salaries and benefits	—			—			17,579			8,936			—		—			—			26,515			—			—		26,515
Occupancy	—			—			7,875			5,647			—		—			—			13,522			—			—		13,522
Office	—			—			5,586			2,156			—		—			—			7,742			—			—		7,742
Other costs of providing services	—			—			10,650			1,364			590		—			—			12,604			—			—		12,604
Advertising	—			—			17,632			6,482			—		—			—			24,114			—			—		24,114
Total cost of providing services	—			—			59,322			24,585			590		—			—			84,497			—			—		84,497
Gross margin	—			—			23,548			16,061			36,557		(12,182		)	—			63,984			—			—		63,984
Operating (income) expense:
Corporate, district and other	(886		)	48			20,663			12,824			59		1			—			32,709			2,476			—		35,185
Intercompany management fee	—			—			(7,259		)	3,014			4,237		8			—			—			—			—		—
Interest expense	12,503			—			(149		)	(45		)	4,004		1,272			—			17,585			5,811			—		23,396
Loss on extinguishment of debt	69,200			—			—			—			—		—			—			69,200			—			—		69,200
Intercompany interest (income) expense	—			(916		)	(654		)	1,570			—		—			—			—			—			—		—
Total operating expense	80,817			(868		)	12,601			17,363			8,300		1,281			—			119,494			8,287			—		127,781
Net (loss) income before income taxes	(80,817		)	868			10,947			(1,302		)	28,257		(13,463		)	—			(55,510		)	(8,287		)	—		(63,797		)
(Benefit) provision for income tax expense	(17,930		)	6,942			(2,177		)	(1,508		)	—		—			—			(14,673		)	(2,102		)	—		(16,775		)
Net (loss) income	(62,887		)	(6,074		)	13,124			206			28,257		(13,463		)	—			(40,837		)	(6,185		)	—		(47,022		)
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—		—			—			—			(40,837		)	40,837		—
CURO Intermediate	(6,074		)	—			—			—			—		—			6,074			—			—			—		—
Guarantor Subsidiaries	13,124			—			—			—			—		—			(13,124		)	—			—			—		—
Non-Guarantor Subsidiaries	206			—			—			—			—		—			(206		)	—			—			—		—
SPV Subs	(13,463		)	—			—			—			—		—			13,463			—			—			—		—
Net (loss) income attributable to CURO	$	(69,094	)	$	(6,074	)	$	13,124		$	206		$	28,257	$	(13,463	)	$	6,207		$	(40,837	)	$	(47,022	)	$	40,837	$	(47,022	)

	Three Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	123,608		$	61,293		$	70,218		$	—		$	255,119	$	—		$	—		$	255,119
Provision for losses	—			—			53,906			19,835			25,600			—			99,341		—			—			99,341
Net revenue	—			—			69,702			41,458			44,618			—			155,778		—			—			155,778
Cost of providing services:
Salaries and benefits	—			—			17,555			9,266			—			—			26,821		—			—			26,821
Occupancy	—			—			7,849			5,966			—			—			13,815		—			—			13,815
Office	—			—			4,682			1,123			(90		)	—			5,715		—			—			5,715
Other store operating expenses	—			—			10,990			1,773			228			—			12,991		—			—			12,991
Advertising	—			—			12,004			4,266			—			—			16,270		—			—			16,270
Total cost of providing services	—			—			53,080			22,394			138			—			75,612		—			—			75,612
Gross Margin	—			—			16,622			19,064			44,480			—			80,166		—			—			80,166
Operating (income) expense:
Corporate, district and other	327			15			28,142			8,993			(3,861		)	—			33,616		631			—			34,247
Intercompany management fee	—			—			(10,815		)	4,200			6,615			—			—		—			—			—
Interest expense	15,305			—			(98		)	49			3,588			—			18,844		—			—			18,844
Intercompany interest (income) expense	—			(1,054		)	(173		)	1,227			—			—			—		—			—			—
Loss on extinguishment of debt	—			—			—			—			—			—			—		—			—			—
Restructuring costs	—			—			—			7,393			—			—			7,393		—			—			7,393
Total operating expense	15,632			(1,039		)	17,056			21,862			6,342			—			59,853		631			—			60,484
Net (loss) income before income taxes	(15,632		)	1,039			(434		)	(2,798		)	38,138			—			20,313		(631		)	—			19,682
(Benefit) provision for income tax expense	(7,507		)	17,793			(1,832		)	1,833			—			—			10,287		(367		)	—			9,920
Net (loss) income	(8,125		)	(16,754		)	1,398			(4,631		)	38,138			—			10,026		(264		)	—			9,762
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—			—			—		10,026			(10,026		)	—
CURO Intermediate	(16,754		)	—			—			—			—			16,754			—		—			—			—
Guarantor Subsidiaries	1,398			—			—			—			—			(1,398		)	—		—			—			—
Non-Guarantor Subsidiaries	(4,631		)	—			—			—			—			4,631			—		—			—			—
SPV Subs	38,138			—			—			—			—			(38,138		)	—		—			—			—
Net income (loss) attributable to CURO	$	10,026		$	(16,754	)	$	1,398		$	(4,631	)	$	38,138		$	(18,151	)	$	10,026	$	9,762		$	(10,026	)	$	9,762

	Nine Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		US SPV		Canada SPV			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	387,826		$	169,359	$	230,166	$	6,394					$	793,745	$	—		$	—		$	793,745
Provision for losses	—			—			140,603			49,388		98,973		18,576						307,540		—			—			307,540
Net revenue	—			—			247,223			119,971		131,193		(12,182		)	—			486,205		—			—			486,205
Cost of providing services:
Salaries and benefits	—			—			53,668			26,673		—		—			—			80,341		—			—			80,341
Occupancy	—			—			23,164			17,105		—		—			—			40,269		—			—			40,269
Office	—			—			15,416			5,383		—		—			—			20,799		—			—			20,799
Other costs of providing services	—			—			33,934			4,260		1,537		—			—			39,731		—			—			39,731
Advertising	—			—			35,200			16,224		—		—			—			51,424		—			—			51,424
Total cost of providing services	—			—			161,382			69,645		1,537		—			—			232,564		—			—			232,564
Gross margin	—			—			85,841			50,326		129,656		(12,182		)	—			253,641		—			—			253,641
Operating (income) expense:
Corporate, district and other	20			73			74,037			33,180		136		1			—			107,447		6,847			—			114,294
Intercompany management fee	—			—			(21,082		)	9,789		11,285		8			—			—		—			—			—
Interest expense	47,410			—			(321		)	7		12,031		1,272			—			60,399		5,811			—			66,210
Loss on extinguishment of debt	80,883			—			—			—		—		—			—			80,883		—			—			80,883
Intercompany interest (income) expense	—			(2,700		)	(913		)	3,613		—		—			—			—		—			—			—
Total operating expense (income)	128,313			(2,627		)	51,721			46,589		23,452		1,281			—			248,729		12,658			—			261,387
Net (loss) income before income taxes	(128,313		)	2,627			34,120			3,737		106,204		(13,463		)	—			4,912		(12,658		)	—			(7,746		)
(Benefit) provision for income tax expense	(30,189		)	39,107			(8,220		)	2,522		—		—			—			3,220		(3,211		)	—			9
Net (loss) income	(98,124		)	(36,480		)	42,340			1,215		106,204		(13,463		)	—			1,692		(9,447		)	—			(7,755		)
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—			—		1,692			(1,692		)	—
CURO Intermediate	(36,480		)	—			—			—		—		—			36,480			—		—			—			—
Guarantor Subsidiaries	42,340			—			—			—		—		—			(42,340		)	—		—			—			—
Non-Guarantor Subsidiaries	1,215			—			—			—		—		—			(1,215		)	—		—			—			—
SPV Subs	(13,463		)	—			—			—		—		—			13,463			—		—			—			—
Net income (loss) attributable to CURO	$	(104,512	)	$	(36,480	)	$	42,340		$	1,215	$	106,204	$	(13,463	)	$	6,388		$	1,692	$	(7,755	)	$	(1,692	)	$	(7,755	)

	Nine Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	337,920		$	164,731	$	193,992		$	—		$	696,643	$	—		$	—		$	696,643
Provision for losses	—			—			118,042			45,865		62,616			—			226,523		—			—			226,523
Net revenue	—			—			219,878			118,866		131,376			—			470,120		—			—			470,120
Cost of providing services:
Salaries and benefits	—			—			53,144			26,410		—			—			79,554		—			—			79,554
Occupancy	—			—			23,785			17,636		—			—			41,421		—			—			41,421
Office	—			—			12,168			3,441		(90		)	—			15,519		—			—			15,519
Other store operating expenses	—			—			36,005			4,657		292			—			40,954		—			—			40,954
Advertising	—			—			24,596			11,003		—			—			35,599		—			—			35,599
Total cost of providing services	—			—			149,698			63,147		202			—			213,047		—			—			213,047
Gross Margin	—			—			70,180			55,719		131,174			—			257,073		—			—			257,073
Operating (income) expense:
Corporate, district and other	3,304			(55		)	71,929			25,500		320			—			100,998		2,799			—			103,797
Intercompany management fee	—			—			(17,624		)	11,009		6,615			—			—		—			—			—
Interest expense	37,761			9,613			(97		)	131		9,976			—			57,384		3,310			—			60,694
Intercompany interest (income) expense	—			(3,244		)	(503		)	3,747		—			—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—			—			11,884		574			—			12,458
Restructuring costs	—			—			—			7,393		—			—			7,393		—			—			7,393
Total operating expense	41,065			18,198			53,705			47,780		16,911			—			177,659		6,683			—			184,342
Net (loss) income before income taxes	(41,065		)	(18,198		)	16,475			7,939		114,263			—			79,414		(6,683		)	—			72,731
(Benefit) provision for income tax expense	(17,633		)	51,964			(7,879		)	6,266		—			—			32,718		(2,730		)	—			29,988
Net (loss) income	(23,432		)	(70,162		)	24,354			1,673		114,263			—			46,696		(3,953		)	—			42,743
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—			—			—		46,696			(46,696		)	—
CURO Intermediate	(70,162		)	—			—			—		—			70,162			—		—			—			—
Guarantor Subsidiaries	24,354			—			—			—		—			(24,354		)	—		—			—			—
Non-Guarantor Subsidiaries	1,673			—			—			—		—			(1,673		)	—		—			—			—
SPV Subs	114,263			—			—			—		—			(114,263		)	—		—			—			—
Net income (loss) attributable to CURO	$	46,696		$	(70,162	)	$	24,354		$	1,673	$	114,263		$	(70,128	)	$	46,696	$	42,743		$	(46,696	)	$	42,743

Condensed Consolidating Statements of Cash Flows

	Nine Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary  Non-Guarantors			U.S. SPV			Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash provided (used)	$	628,468		$	—	$	5,234		$	(4,640	)	$	44,653		$	(73,278	)	$	4,169		$	604,606		$	(677,207	)	$	—	$	(72,601	)
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(6,466		)	(1,734		)				—			—			(8,200		)	—			—		(8,200		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—						—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		(5		)	(5		)	(63		)	(12,211		)	—			(12,284		)	—			—		(12,284		)
Net cash used	(958		)	—		(6,471		)	(1,739		)	(63		)	(12,211		)	—			(21,442		)	—			—		(21,442		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			17,000			—			—			17,000			—			—		17,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(61,590		)	—			—			(61,590		)	—			—		(61,590		)
Proceeds from Non0Recourse Canada SPV facility	—			—		—			—			—			89,949			—			89,949			—			—		89,949
Proceeds from revolving credit facilities	39,000			—		—			26,169			—			—			—			65,169			—			—		65,169
Payments on revolving credit facilities	(10,000		)	—		—			(26,169		)	—			—			—			(36,169		)	—			—		(36,169		)
Proceeds from issuance of common stock	11,549			—		—			—						—			—			11,549			—			—		11,549
Proceeds from exercise of stock options	408			—		—			—						—			—			408			—			—		408
Payments on 12.00% Senior Secured Notes	(605,000		)	—		—			—						—			—			(605,000		)	—			—		(605,000		)
Proceeds from 8.25% Senior Secured Notes	—			—		—			—			—			—			—			—			690,000			—		690,000
Payments of call premiums from early debt extinguishments	(63,350		)	—		—			—			—			—			—			(63,350		)	—			—		(63,350		)
Debt issuance costs paid	(117		)	—		—			—						(4,527		)	—			(4,644		)	(12,873		)	—		(17,517		)
Net cash provided (used)	(627,510		)	—		—			—			(44,590		)	85,422			—			(586,678		)	677,127			—		90,449
Effect of exchange rate changes on cash	—			—		—			(1,317		)	—			67			(4,169		)	(5,419		)	—			—		(5,419		)
Net increase (decrease) in cash	—			—		(1,237		)	(7,696		)	—			—			—			(8,933		)	(80		)	—		(9,013		)
Cash at beginning of period	—			—		117,379			44,915			—			—			—			162,294			80			—		162,374
Cash at end of period	$	—		$	—	$	116,142		$	37,219		$	—		$	—		$	—		$	153,361		$	—		$	—	$	153,361

	Nine Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash (used) provided	$	(275,549	)	$	423,621		$	(65,982	)	$	(25,579	)	$	(21,384	)	$	(632	)	$	34,495		$	(5,083	)	$	—	$	29,412
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(6,183		)	(1,734		)	—			—			(7,917		)	—			—		(7,917		)
Cash paid for Cognical investment	(4,975		)	—			—			—			—			—			(4,975		)	—			—		(4,975		)
Change in restricted cash	—			459			(3,939		)	120			—			—			(3,360		)	—			—		(3,360		)
Net cash (used) provided	(4,975		)	459			(10,122		)	(1,614		)	—			—			(16,252		)	—			—		(16,252		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			52,130			—			52,130			—			—		52,130
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(27,258		)	—			(27,258		)	—			—		(27,258		)
Proceeds from issuance of 12.00% Senior Secured Notes	461,329			—			—			—			—			—			461,329			—			—		461,329
Proceeds from revolving credit facilities	25,000			—			—			8,028			—			—			33,028			—			—		33,028
Payments from revolving credit facilities	(25,000		)	—			—			(8,028		)	—			—			(33,028		)	—			—		(33,028		)
Payments on 10.75% Senior Secured Notes	—			(414,882		)	—			—			—			—			(414,882		)	—			—		(414,882		)
Payments on 12.00% Senior Cash Pay Notes	—			—			—			—			—			—			—			(125,000		)	—		(125,000		)
Payments of call premiums from early debt extinguishments	—			(11,152		)	—			—			—			—			(11,152		)	—			—		(11,152		)
Dividends (paid) received	(166,583		)	—			—			—			—			—			(166,583		)	130,083			—		(36,500		)
Debt issuance costs paid	(14,222		)	—			—			—			—			—			(14,222		)	—			—		(14,222		)
Net cash provided (used)	280,524			(426,034		)	—			—			24,872			—			(120,638		)	5,083			—		(115,555		)
Effect of exchange rate changes on cash	—			—			—			3,783			—			632			4,415			—			—		4,415
Net (decrease) increase in cash	—			(1,954		)	(76,104		)	(23,410		)	3,488			—			(97,980		)	—			—		(97,980		)
Cash at beginning of period	—			1,954			124,942			63,779			2,770			—			193,445			80			—		193,525
Cash at end of period	$	—		$	—		$	48,838		$	40,369		$	6,258		$	—		$	95,465		$	80		$	—	$	95,545

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SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

During October 2018, CGHC extinguished the $80.0 million term portion of the Non-Recourse U.S. SPV Facility using the proceeds from the issuance of the 8.25% Senior Secured Notes. We made the final termination payment of $2.7 million on October 26, 2018 which resulted in a total loss on extinguishment of debt of $9.7 million in October 2018. The $9.7 million loss on extinguishment of debt is comprised of a $4.5 million early termination fee, $3.4 million of net deferred financing costs and a $1.8 million make whole premium. We will classify the payments related to the extinguishment as a financing activity in our Consolidated Statement of Cash Flow for the year ended December 31, 2018.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS (Policies)

9 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The terms “CURO," "we,” “our,” “us,” and the “Company,” refer to CURO Group Holdings Corp. and its directly and indirectly owned subsidiaries as a combined entity, except where otherwise stated. The term "CFTC" refers to CURO Financial Technologies Corp., our wholly-owned subsidiary, and its directly and indirectly owned subsidiaries as a consolidated entity, except where otherwise stated.

We have prepared the accompanying unaudited Condensed Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), and with the accounting policies described in our 2017 Annual Report on Form 10-K. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with US GAAP have been condensed or omitted, although we believe that the disclosures are adequate to enable a reasonable understanding of the information presented.

The unaudited Condensed Consolidated Financial Statements and the accompanying notes reflect all adjustments, which are, in the opinion of management, necessary to present fairly our results of operations, financial position and cash flows for the periods presented. The adjustments consist solely of normal recurring adjustments. You should read the Condensed Consolidated Financial Statements in conjunction with the Consolidated Financial Statements and related Notes included in our 2017 Annual Report on Form 10-K. Interim results of operations are not necessarily indicative of results that may be expected for future interim periods or for the year ending December 31, 2018.

We completed our initial public offering ("IPO") in December 2017. Prior to our IPO, we effected a 36-for-1 split of our common stock. We have retroactively adjusted all share and per share data for all periods presented to reflect the stock split as if the stock split had occurred at the beginning of the earliest period presented.

After our IPO, we initially qualified as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"). As an emerging growth company, we elected to take advantage of specified reduced reporting and other requirements that are otherwise generally required of public companies.

Principles of Consolidation

Principles of Consolidation

The Condensed Consolidated Financial Statements include the accounts of CURO and its wholly-owned subsidiaries. We have eliminated intercompany transactions and balances in consolidation.

Use of Estimates

Use of Estimates

The preparation of Condensed Consolidated Financial Statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenues and expenses during the periods reported. Some of the significant estimates that we have made in the accompanying Condensed Consolidated Financial Statements include allowances for loan losses, certain assumptions related to goodwill and intangibles, accruals related to self-insurance, Credit Services Organization ("CSO") guarantee liability and estimated tax liabilities. Actual results may differ from those estimates.

Recently Adopted and Issued Accounting Pronouncements Not Yet Adopted

Recently Adopted Accounting Pronouncements

In May 2017, the Financial Accounting Standards Board ("FASB") issued ASU 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). Under modification accounting, an entity is required to re-value its equity awards each time there is a modification to the terms of the awards. The provisions in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to account for the effects of a modification, unless certain conditions are met. The amendments in this update were effective for all entities for annual periods, and interim periods therein, beginning after December 15, 2017. ASU 2017-09 was effective for all entities for annual periods, and interim periods therein, as of January 1, 2018. The adoption of this amendment did not have a material impact on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business ("ASU 2017-01"). ASU 2017-01 narrows the definition of a business and provides a framework that gives an entity a basis for making reasonable judgments about whether a transaction involves an asset or a business and provides a screen to determine when a set (an integrated set of assets and activities) is not a business. The screen requires a determination that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If the screen is not met, ASU 2017-01 (i) requires that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (ii) removes the evaluation of whether a market participant could replace missing elements. The amendments provide a framework to assist entities in evaluating whether both an input and a substantive process are present. ASU 2017-01 is effective prospectively for public companies for annual periods beginning after December 15, 2017, including interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2017-01 did not have a material impact on our Consolidated Financial Statements.

In November 2016, FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The adoption should be applied using a retrospective transition method to each period presented. ASU 2016-18 is effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2016-18 did not have a material impact on the presentation of our statement of cash flows in our Consolidated Financial Statements.

In August 2016, FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) (“ASU 2016-15”). The amendments in ASU 2016-15 provide guidance on eight specific cash flow issues, including debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investees and beneficial interests in securitization transactions. ASU 2016-15 was effective for public companies for fiscal years beginning after December 15, 2017 and interim periods therein. With our loss of emerging growth company status, we adopted this guidance during the current quarter. The adoption of ASU 2016-15 did not have a material impact on our Consolidated Statement of Cash Flows as we have historically presented debt prepayment and extinguishment costs as outflows from financing activities and we had no other material cash flows impacted by the guidance.

In January 2016, FASB issued ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”) which requires (i) equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) public entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). ASU 2016-01 eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is currently effective for public companies. With our loss of emerging growth company status during 2018, we adopted this guidance during the current quarter. The adoption of ASU 2016-01 did not have a material impact on our Consolidated Financial Statements.

In November 2015, FASB issued ASU No. 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-07 eliminates the requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. ASU 2015-17 is currently effective for public companies. With our loss of emerging growth company status during 2018, we adopted this guidance during the current quarter. The adoption of ASU 2015-17 did not have a material impact on our Consolidated Financial Statements.

In May 2014, FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which amended the existing accounting standards for revenue recognition. ASU 2014-09 establishes principles for recognizing revenue upon the transfer of promised goods or services to customers in an amount that reflects the expected consideration received in exchange for those goods or services. In addition to ASU 2014-09, the FASB issued the following ASUs updating the topic:

• In December 2016, ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers

• In May 2016, ASU No. 2016-12 , Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients

• In April 2016, ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing

• In March 2016, ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net).

• In August 2015, ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date

We adopted the provisions of Topic 606 during the quarter, which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition (Topic 605). Topic 606 requires entities to recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. Most of our revenue is generated from interest or through servicing of financial contracts, both of which are excluded from the scope of ASU 2014-09. As a result, the standard did not have a material impact on our Condensed Financial Statements and we have made no adjustments to retained earnings or prior comparative periods.

Recently Issued Accounting Pronouncements Not Yet Adopted

In August 2018, FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which amends ASC 820, Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The provisions of ASU 2018-13 are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods therein. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU 2018-13 and delay adoption of the additional disclosures until their effective date. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. We are currently assessing the impact adoption of ASU 2018-13 will have on our Consolidated Financial Statements.

In February 2018, FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive income ("ASU 2018-02"). Current US GAAP requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the period the change is enacted, including items of other comprehensive income for which the related tax effects are presented in other comprehensive income (“stranded tax effects”). ASU 2018-02 allows, but does not require, companies to reclassify stranded tax effects caused by the Tax Cuts and Jobs Act of 2017 (the "2017 Tax Act") from accumulated other comprehensive income to retained earnings. Additionally, ASU 2018-02 requires new disclosures by all companies, whether they opt to do the reclassification or not. The provisions of ASU 2018-02 are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods therein. Early adoption is permitted. Companies should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. We are currently assessing the impact adoption of ASU 2018-02 will have on our Consolidated Financial Statements.

In January 2017, FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplified the goodwill impairment test by eliminating Step 2 of the test which requires an entity to compute the implied fair value of goodwill. Instead, an entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, and is limited to the amount of total goodwill allocated to that reporting unit. Under ASU 2017-04, an entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The provisions of ASU 2017-04 are effective for a public entity's annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. We are currently assessing the impact adoption of ASU 2017-04 will have on our Consolidated Financial Statements.

In June 2016, FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” ("ASU 2016-13"). This ASU modifies the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. ASU 2016-13 will be effective for public companies for fiscal years beginning after December 15, 2019 and interim periods therein. We anticipate that ASU 2016-13 will impact our current process for measuring credit losses and are currently assessing the impact it will have on our Consolidated Financial Statements.

In February 2016, FASB issued its new lease accounting guidance in ASU No. 2016-02, Leases (Topic 842) (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. In 2018, FASB released an additional transition method to adopt this new ASU. It allows companies to recognize a cumulative-effect adjustment in the period of adoption and to not restate prior periods. We will elect this transition method and it will be effective for us beginning January 1, 2019, with early adoption permitted. We plan, and are on schedule, to adopt the standard effective January 1, 2019. We expect ASU 2016-02 will have a material impact on our balance sheet with recognition of right-of-use assets and lease liabilities for operating leases. However, we do not expect adoption will have a material impact on our income statement. We do not expect the new standard will have material impacts on our liquidity or on our debt-covenant compliance under our current agreements.

Variable Interest Entity

We have determined that we are the primary beneficiary of the VIEs and are required to consolidate them. We include the assets and liabilities related to the VIEs in our Consolidated Financial Statements and we account for them as secured borrowings. We parenthetically disclose on our Consolidated Balance Sheets the VIEs’ assets that can only be used to settle the VIEs' obligations and liabilities if the VIEs’ creditors have no recourse against our general credit.

Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. We are required to use valuation techniques that are consistent with the market approach, income approach and/or cost approach. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability based on market data obtained from independent sources, or unobservable, meaning those that reflect our own estimate about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances. Accounting standards establish a three-level fair value hierarchy based upon the assumptions (inputs) used to price assets or liabilities. The hierarchy requires us to maximize the use of observable inputs and minimize the use of unobservable inputs.

The three levels of inputs used to measure fair value are listed below.

Level 1 – Inputs are quoted prices in active markets for identical assets or liabilities.

Level 2 – Inputs include quoted market prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 – Unobservable inputs reflecting our own judgments about the assumptions market participants would use in pricing the asset or liability since limited market data exists. We develop these inputs based on the best information available, including our own data.

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VARIABLE INTEREST ENTITIES (Tables)

9 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of the Carrying Amounts of Consolidated VIEs' Assets and Liabilities

The carrying amounts of the consolidated VIEs' assets and liabilities associated with our special purpose subsidiaries were as follows (September 30, 2018 includes balances for both the U.S. and Canada VIEs while the December 31, 2017 includes the U.S. VIE):

(in thousands)	September 30, 2018		December 31, 2017
Assets
Restricted cash	$	19,107	$	6,871
Loans receivable less allowance for loan losses	303,433		167,706
Total Assets	$	322,540	$	174,577
Liabilities
Accounts payable and accrued liabilities	$	1,360	$	12
Deferred revenue	149		—
Accrued interest	1,603		1,266
Long-term debt	161,956		120,402
Total Liabilities	$	165,068	$	121,680

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LOANS RECEIVABLE AND REVENUE (Tables)

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Summary of Revenue by Product

The following table summarizes revenue by product for the periods indicated:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2018		2017		2018		2017
Unsecured Installment	$	148,591	$	128,785	$	405,010	$	343,365
Secured Installment	28,562		26,407		81,195		73,249
Open-End	40,290		18,630		94,735		52,342
Single-Pay	53,205		70,895		178,512		197,926
Ancillary	12,356		10,402		34,293		29,761
Total revenue	$	283,004	$	255,119	$	793,745	$	696,643

Summary of Loans Receivable by Product and Related Delinquent Loans

The following tables summarize Loans receivable by product and the related delinquent loans receivable at September 30, 2018:

	September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	80,867		$	156,947		$	74,017		$	184,067		$	495,898
Delinquent loans receivable	—			54,618			17,159			—			71,777
Total loans receivable	80,867			211,565			91,176			184,067			567,675
Less: allowance for losses	(3,768		)	(43,066		)	(11,221		)	(18,013		)	(76,068		)
Loans receivable, net	$	77,099		$	168,499		$	79,955		$	166,054		$	491,607

	September 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	21,374	$	8,117	$	29,491
31-60 days past due	16,542		4,395		20,937
61-90 days past due	16,702		4,647		21,349
Total delinquent loans receivable	$	54,618	$	17,159	$	71,777

The following tables summarize Loans receivable by product and the related delinquent loans receivable at December 31, 2017:

	December 31, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Total
Current loans receivable	$	99,400		$	151,343		$	73,165		$	47,949		$	371,857
Delinquent loans receivable	—			44,963			16,017			—			60,980
Total loans receivable	99,400			196,306			89,182			47,949			432,837
Less: allowance for losses	(5,916		)	(43,754		)	(13,472		)	(6,426		)	(69,568		)
Loans receivable, net	$	93,484		$	152,552		$	75,710		$	41,523		$	363,269

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	18,358	$	8,116	$	26,474
31-60 days past due	12,836		3,628		16,464
61-90 days past due	13,769		4,273		18,042
Total delinquent loans receivable	$	44,963	$	16,017	$	60,980

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at September 30, 2018:

	September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	63,688		$	2,425		$	66,113
Delinquent loans receivable guaranteed by the Company	12,119			593			12,712
Total loans receivable guaranteed by the Company	75,807			3,018			78,825
Less: CSO guarantee liability	(12,750		)	(493		)	(13,243		)
Loans receivable guaranteed by the Company, net	$	63,057		$	2,525		$	65,582

	September 30, 2018
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,419	$	462	$	10,881
31-60 days past due	1,077		65		1,142
61-90 days past due	623		66		689
Total delinquent loans receivable	$	12,119	$	593	$	12,712

The following tables summarize loans guaranteed by us under our CSO programs and the related delinquent receivables at December 31, 2017:

	December 31, 2017
(in thousands)	Unsecured Installment			Secured Installment			Total
Current loans receivable guaranteed by the Company	$	62,676		$	3,098		$	65,774
Delinquent loans receivable guaranteed by the Company	12,480			537			13,017
Total loans receivable guaranteed by the Company	75,156			3,635			78,791
Less: CSO guarantee liability	(17,073		)	(722		)	(17,795		)
Loans receivable guaranteed by the Company, net	$	58,083		$	2,913		$	60,996

	December 31, 2017
(in thousands)	Unsecured Installment		Secured Installment		Total
Delinquent loans receivable
0-30 days past due	$	10,477	$	459	$	10,936
31-60 days past due	1,364		41		1,405
61-90 days past due	639		37		676
Total delinquent loans receivable	$	12,480	$	537	$	13,017

Summary of the Activity in the Allowance for Loan Losses

The following table summarizes activity in the allowance for loan losses during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,313		$	41,406		$	19,196		$	4,523		$	—		$	70,438
Charge-offs	(51,709		)	(29,058		)	(8,985		)	(10,437		)	(1,446		)	(101,635		)
Recoveries	31,194			3,169			1,911			4,446			921			41,641
Net charge-offs	(20,515		)	(25,889		)	(7,074		)	(5,991		)	(525		)	(59,994		)
Provision for losses	20,632			31,110			1,989			6,348			525			60,604
Effect of foreign currency translation	(88		)	311			—			—			—			223
Balance, end of period	$	5,342		$	46,938		$	14,111		$	4,880		$	—		$	71,271
Allowance for loan losses as a percentage of gross loan receivables	5.7		%	25.8		%	16.6		%	15.2		%	N/A			18.1		%

The following table summarizes activity in the allowance for loan losses during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,501		$	17,775		$	10,737		$	5,179		$	—		$	39,192
Charge-offs	(140,614		)	(53,632		)	(15,926		)	(28,113		)	(3,846		)	(242,131		)
Recoveries	94,535			13,803			6,726			13,903			2,450			131,417
Net charge-offs	(46,079		)	(39,829		)	(9,200		)	(14,210		)	(1,396		)	(110,714		)
Provision for losses	45,810			68,264			12,574			13,911			1,396			141,955
Effect of foreign currency translation	110			728			—			—			—			838
Balance, end of period	$	5,342		$	46,938		$	14,111		$	4,880		$	—		$	71,271
Allowance for loan losses as a percentage of gross loan receivables	5.7		%	25.8		%	16.6		%	15.2		%	N/A			18.1		%

The following table summarizes activity in the allowance for loan losses during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	43,754		$	13,472		$	6,426		$	—		$	69,568
Charge-offs	(135,951		)	(112,630		)	(33,755		)	(76,926		)	(4,475		)	(363,737		)
Recoveries	94,783			18,083			7,487			30,451			2,733			153,537
Net charge-offs	(41,168		)	(94,547		)	(26,268		)	(46,475		)	(1,742		)	(210,200		)
Provision for losses	39,340			93,936			24,017			57,962			1,742			216,997
Effect of foreign currency translation	(320		)	(77		)	—			100			—			(297		)
Balance, end of period	$	3,768		$	43,066		$	11,221		$	18,013		$	—		$	76,068
Allowance for loan losses as a percentage of gross loan receivables	4.7		%	20.4		%	12.3		%	9.8		%	N/A			13.4		%

The following table summarizes activity in the allowance for loan losses during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,372		$	35,279		$	10,386		$	9,717		$	—		$	59,754
Charge-offs	(43,427		)	(37,151		)	(11,188		)	(32,770		)	(3,207		)	(127,743		)
Recoveries	29,500			5,748			2,325			9,191			2,646			49,410
Net charge-offs	(13,927		)	(31,403		)	(8,863		)	(23,579		)	(561		)	(78,333		)
Provision for losses	13,511			39,025			9,698			31,686			561			94,481
Effect of foreign currency translation	(188		)	165			—			189			—			166
Balance, end of period	$	3,768		$	43,066		$	11,221		$	18,013		$	—		$	76,068
Allowance for loan losses as a percentage of gross loan receivables	4.7		%	20.4		%	12.3		%	9.8		%	N/A			13.4		%

Summary of Activity in Credit Services Organization Guarantee Liability

The following table summarizes activity in the CSO guarantee liability during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	—		$	14,748		$	834		$	15,582
Charge-offs	(235		)	(43,124		)	(1,487		)	(44,846		)
Recoveries	233			6,326			858			7,417
Net charge-offs	(2		)	(36,798		)	(629		)	(37,429		)
Provision for losses	2			38,106			629			38,737
Balance, end of period	$	—		$	16,056		$	834		$	16,890

The following table summarizes activity in the CSO guarantee liability during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	17,073		$	722		$	17,795
Charge-offs	(119,632		)	(3,299		)	(122,931		)
Recoveries	25,227			2,610			27,837
Net charge-offs	(94,405		)	(689		)	(95,094		)
Provision for losses	90,082			461			90,543
Balance, end of period	$	12,750		$	493		$	13,243

The following table summarizes activity in the CSO guarantee liability during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	274		$	15,630		$	1,148		$	17,052
Charge-offs	(2,121		)	(104,246		)	(6,790		)	(113,157		)
Recoveries	1,335			23,051			4,041			28,427
Net charge-offs	(786		)	(81,195		)	(2,749		)	(84,730		)
Provision for losses	512			81,621			2,435			84,568
Balance, end of period	$	—		$	16,056		$	834		$	16,890

The following table summarizes activity in the CSO guarantee liability during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Unsecured Installment			Secured Installment			Total
Balance, beginning of period	$	11,193		$	426		$	11,619
Charge-offs	(44,896		)	(1,087		)	(45,983		)
Recoveries	6,901			665			7,566
Net charge-offs	(37,995		)	(422		)	(38,417		)
Provision for losses	39,552			490			40,042
Balance, end of period	$	12,750		$	493		$	13,243

Summary of Activity in Allowance for Loan Losses, Credit Services Organization Guarantee Liability

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the nine months ended September 30, 2018:

	Nine Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,916		$	60,827		$	14,194		$	6,426		$	—		$	87,363
Charge-offs	(135,951		)	(232,262		)	(37,054		)	(76,926		)	(4,475		)	(486,668		)
Recoveries	94,783			43,310			10,097			30,451			2,733			181,374
Net charge-offs	(41,168		)	(188,952		)	(26,957		)	(46,475		)	(1,742		)	(305,294		)
Provision for losses	39,340			184,018			24,478			57,962			1,742			307,540
Effect of foreign currency translation	(320		)	(77		)	(1		)	100			—			(298		)
Balance, end of period	$	3,768		$	55,816		$	11,714		$	18,013		$	—		$	89,311

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended September 30, 2018:

	Three Months Ended September 30, 2018
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	4,372		$	46,472		$	10,812		$	9,717		$	—		$	71,373
Charge-offs	(43,427		)	(82,047		)	(12,275		)	(32,770		)	(3,207		)	(173,726		)
Recoveries	29,500			12,649			2,990			9,191			2,646			56,976
Net charge-offs	(13,927		)	(69,398		)	(9,285		)	(23,579		)	(561		)	(116,750		)
Provision for losses	13,511			78,577			10,188			31,686			561			134,523
Effect of foreign currency translation	(188		)	165			(1		)	189			—			165
Balance, end of period	$	3,768		$	55,816		$	11,714		$	18,013		$	—		$	89,311

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,313		$	56,154		$	20,030		$	4,523		$	—		$	86,020
Charge-offs	(51,944		)	(72,182		)	(10,472		)	(10,437		)	(1,446		)	(146,481		)
Recoveries	31,427			9,495			2,769			4,446			921			49,058
Net charge-offs	(20,517		)	(62,687		)	(7,703		)	(5,991		)	(525		)	(97,423		)
Provision for losses	20,634			69,216			2,618			6,348			525			99,341
Effect of foreign currency translation	(88		)	311			—			—			—			223
Balance, end of period	$	5,342		$	62,994		$	14,945		$	4,880		$	—		$	88,161

The following table summarizes activity in the allowance for loan losses and the CSO guarantee liability, in total, during the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
(in thousands)	Single-Pay			Unsecured Installment			Secured Installment			Open-End			Other			Total
Balance, beginning of period	$	5,775		$	33,405		$	11,885		$	5,179		$	—		$	56,244
Charge-offs	(142,735		)	(157,878		)	(22,716		)	(28,113		)	(3,846		)	(355,288		)
Recoveries	95,870			36,854			10,767			13,903			2,450			159,844
Net charge-offs	(46,865		)	(121,024		)	(11,949		)	(14,210		)	(1,396		)	(195,444		)
Provision for losses	46,322			149,885			15,009			13,911			1,396			226,523
Effect of foreign currency translation	110			728			—			—			—			838
Balance, end of period	$	5,342		$	62,994		$	14,945		$	4,880		$	—		$	88,161

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LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

(in thousands)	September 30, 2018		December 31, 2017
8.25% Senior Secured Notes (due 2025)	$	677,245	$	—
12.00% Senior Secured Notes (due 2022)	—		585,823
Non-Recourse U.S. SPV Facility	76,614		120,402
Non-Recourse Canada SPV Facility	85,342		—
Senior Revolver	29,000		—
Cash Money Revolving Credit Facility	—		—
Long-term debt	$	868,201	$	706,225

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SHARE-BASED COMPENSATION Tables (Tables)

9 Months Ended

Sep. 30, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Restricted Stock Activity

A summary of the status of RSUs as of September 30, 2018 and changes during the nine months ended September 30, 2018 is presented in the following table:

	Units		Weighted Average Grant Date Fair Value
December 31, 2017	1,516,241		$	14.00
Granted	90,372		17.46
Vested	(49,994	)	14.20
Forfeited	—		—
September 30, 2018	1,556,619		$	14.19

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FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Not Measured At Fair Value

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at September 30, 2018.

			Estimated Fair Value
(dollars in thousands)	Carrying Value September 30, 2018		Level 1		Level 2		Level 3		September 30, 2018
Financial assets:
Cash	$	153,361	$	153,361	$	—	$	—	$	153,361
Restricted cash	24,236		24,236		—		—		24,236
Loans receivable, net	491,607		—		—		491,607		491,607
Investment in Cognical	6,600		—		—		6,600		6,600
Financial liabilities:
Credit services organization guarantee liability	$	13,243	$	—	$	—	$	13,243	$	13,243
2018 Senior Secured Notes	677,245		—		—		651,848		651,848
Non-Recourse U.S. SPV facility	76,614		—		—		80,000		80,000
Non-Recourse Canada SPV facility	85,342		—		—		89,666		89,666

The table below presents the carrying amounts and estimated fair values of assets and liabilities that were not recorded at fair value on the Condensed Consolidated Balance Sheets at December 31, 2017.

			Estimated Fair Value
(dollars in thousands)	Carrying Value December 31, 2017		Level 1		Level 2		Level 3		December 31, 2017
Financial assets:
Cash	$	162,374	$	162,374	$	—	$	—	$	162,374
Restricted cash	12,117		12,117		—		—		12,117
Loans receivable, net	363,269		—		—		363,269		363,269
Investment in Cognical	5,600		—		—		5,600		5,600
Financial liabilities:
Credit services organization guarantee liability	$	17,795	$	—	$	—	$	17,795	$	17,795
2017 Senior Secured notes	585,823		—		—		663,475		663,475
Non-Recourse U.S. SPV facility	120,402		—		—		124,590		124,590

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EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Summary of the Computation of Basic Earnings Per Share

The following presents the computation of basic earnings per share (in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Basic: (1)
Net income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Weight average common shares	45,853			37,908		45,674			37,908
Basic earnings per share	$	(1.03	)	$	0.26	$	(0.17	)	$	1.13
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred In November 2017.

Summary of the Computation of Diluted Earnings Per Share

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):

	Three Months Ended September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Diluted: (1)
Net income	$	(47,022	)	$	9,762	$	(7,755	)	$	42,743
Weighted average common shares - basic	45,853			37,908		45,674			37,908
Dilutive effect of stock options and restricted stock units	2,499			1,006		2,387			1,051
Weighted average common shares - diluted	48,352			38,914		48,061			38,959
Diluted earnings per share	$	(0.97	)	$	0.25	$	(0.16	)	$	1.10
(1) We have adjusted the share and per share information to reflect the 36-to-1 split of our common stock, which occurred in November 2017.

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SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Cash Flow Information

The following table provides supplemental cash flow information:

	Nine Months Ended September 30,
(dollars in thousands)	2018		2017
Cash paid for:
Interest	$	80,748	$	60,089
Income taxes	15,868		16,650
Non-cash investing activities:
Property and equipment accrued in accounts payable	$	1,240	$	208

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SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2018

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The following table illustrates summarized financial information concerning our reportable segments.

	Three Months Ended September 30,				Nine Months Ended September 30,
(dollars in thousands)	2018		2017		2018		2017
Revenues by segment:
U.S.	$	223,273	$	193,826	$	617,992	$	531,912
Canada	46,209		50,658		139,502		135,819
U.K.	13,522		10,635		36,251		28,912
Consolidated revenue	$	283,004	$	255,119	$	793,745	$	696,643
Gross margin by segment:
U.S.	$	60,105	$	61,103	$	215,497	$	201,354
Canada	489		15,649		28,291		45,911
U.K.	3,390		3,414		9,853		9,808
Consolidated gross margin	$	63,984	$	80,166	$	253,641	$	257,073
Expenditures for long-lived assets by segment:
U.S.	$	4,483	$	1,535	$	6,466	$	6,183
Canada	590		180		1,564		656
U.K.	72		250		170		1,078
Consolidated expenditures for long-lived assets	$	5,145	$	1,965	$	8,200	$	7,917

The following table provides the proportion of gross loans receivable by segment:

(dollars in thousands)	September 30, 2018		December 31, 2017
U.S.	$	344,182	$	308,696
Canada	193,581		104,551
U.K.	29,912		19,590
Total gross loans receivable	$	567,675	$	432,837

Summary of Long-lived Assets by Geographic Region

The following table illustrates our net long-lived assets, comprised of property and equipment by geographic region. These amounts are aggregated on a legal entity basis and do not necessarily reflect where the asset is physically located:

(dollars in thousands)	September 30, 2018		December 31, 2017
U.S.	$	48,371	$	52,627
Canada	30,133		32,924
U.K.	1,286		1,535
Total net long-lived assets	$	79,790	$	87,086

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

Condensed Consolidating Balance Sheets

	September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			US SPV			Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	116,142		$	37,219		$	—		$	—		$	—		$	153,361		$	—		$	—	$	153,361
Restricted cash	—			—			1,682			3,447			6,934			12,173			—			24,236			—			—		24,236
Loans receivable, net	—			—			104,925			83,248			185,445			117,989			—			491,607			—			—		491,607
Deferred income taxes	—			—			—			—			—			—			—			—			—			—		—
Income taxes receivable	85,908			(101,972		)	26,129			—			—			—			—			10,065			6,298			—		16,363
Prepaid expenses and other	—			—			35,636			4,473			—			—			—			40,109			—			—		40,109
Property and equipment, net	—			—			48,371			31,419			—			—			—			79,790			—			—		79,790
Goodwill	—			—			91,131			52,835			—			—			—			143,966			—			—		143,966
Other intangibles, net	15			—			6,669			26,524			—			—			—			33,208			—			—		33,208
Intercompany receivable	—			38,177			40,702			(29,618		)	—			—			(49,261		)	—			—			—		—
Investment in subsidiaries	77,725			1,046,983			—			—			—			—			(1,124,708		)	—			(90,538		)	90,538		—
Other	6,618			—			5,467			1,005			—			—			—			13,090			—			—		13,090
Total assets	$	170,266		$	983,188		$	476,854		$	210,552		$	192,379		$	130,162		$	(1,173,969	)	$	989,432		$	(84,240	)	$	90,538	$	995,730
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	904		$	12		$	31,749		$	18,752		$	40		$	1,320		$	—		$	52,777		$	76		$	—	$	52,853
Deferred revenue	—			—			5,625			3,893			118			31			—			9,667			—			—		9,667
Income taxes payable	—			—			—			338			—			—			—			338			—			—		338
Accrued interest	108			—			—			(13		)	990			613			—			1,698			5,693			—		7,391
Payable to CURO Holdings Corp.	—			—			776,988			—			—			—			—			776,988			(776,988		)	—		—
CSO guarantee liability	—			—			13,243			—			—			—			—			13,243			—			—		13,243
Deferred rent	—			—			9,670			1,618			—			—			—			11,288			—			—		11,288
Long-term debt (excluding current maturities)	29,000			—			—			—			76,614			85,342			—			190,956			677,245			—		868,201
Subordinated shareholder debt	—			—			—			2,319			—			—			—			2,319			—			—		2,319
Intercompany payable	233,081			893,971			(998,574		)	(7,180		)	(128,486		)	56,449			(49,261		)	—			—			—		—
Other long-term liabilities	—			—			5,548			1,401			—			—			—			6,949			—			—		6,949
Deferred tax liabilities	(2,289		)	11,480			3,952			604			—			—			—			13,747			(130		)	—		13,617
Total liabilities	260,804			905,463			(151,799		)	21,732			(50,724		)	143,755			(49,261		)	1,079,970			(94,104		)	—		985,866
Stockholder’s equity	(90,538		)	77,725			628,653			188,820			243,103			(13,593		)	(1,124,708		)	(90,538		)	9,864			90,538		9,864
Total liabilities and stockholder’s equity	$	170,266		$	983,188		$	476,854		$	210,552		$	192,379		$	130,162		$	(1,173,969	)	$	989,432		$	(84,240	)	$	90,538	$	995,730

	December 31, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Assets:
Cash	$	—		$	—		$	117,379		$	44,915		$	—		$	—		$	162,294		$	80		$	—	$	162,374
Restricted cash	—			—			1,677			3,569			6,871			—			12,117			—			—		12,117
Loans receivable, net	—			—			84,912			110,651			167,706			—			363,269			—			—		363,269
Deferred income taxes	—			2,154			(4,646		)	3,502			—			—			1,010			(238		)	—		772
Income taxes receivable	—			—			—			—			—			—			—			3,455			—		3,455
Prepaid expenses and other	—			—			38,277			3,353			—			—			41,630			882			—		42,512
Property and equipment, net	—			—			52,627			34,459			—			—			87,086			—			—		87,086
Goodwill	—			—			91,131			54,476			—			—			145,607			—			—		145,607
Other intangibles, net	16			—			5,418			27,335			—			—			32,769			—			—		32,769
Intercompany receivable	—			37,877			33,062			(30,588		)	—			(40,351		)	—			—			—		—
Investment in subsidiaries	(14,504		)	899,371			—			—			—			(884,867		)	—			(84,889		)	84,889		—
Other	5,713			—			3,017			1,040			—			—			9,770			—			—		9,770
Total assets	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	$	2,606		$	13		$	35,753		$	15,954		$	12		$	—		$	54,338		$	1,454		$	—	$	55,792
Deferred revenue	—			—			6,529			5,455			—			—			11,984			—			—		11,984
Income taxes payable	(49,738		)	70,231			(18,450		)	2,077			—			—			4,120			—			—		4,120
Accrued interest	24,201			—			—			—			1,266			—			25,467			—			—		25,467
Payable to CURO Holdings Corp.	184,348			—			(95,048		)	—			—			—			89,300			(89,300		)	—		—
CSO guarantee liability	—			—			17,795			—			—			—			17,795			—			—		17,795
Deferred rent	—			—			9,896			1,681			—			—			11,577			—			—		11,577
Long-term debt	585,823			—			—			—			120,402			—			706,225			—			—		706,225
Subordinated shareholder debt	—			—			—			2,381			—			—			2,381			—			—		2,381
Intercompany payable	(668,536		)	876,869			(124,332		)	40,351			(84,001		)	(40,351		)	—			—			—		—
Other long-term liabilities	—			—			3,969			1,799			—			—			5,768			—			—		5,768
Deferred tax liabilities	(2,590		)	6,793			(143		)	7,426			—			—			11,486			—			—		11,486
Total liabilities	76,114			953,906			(164,031		)	77,124			37,679			(40,351		)	940,441			(87,846		)	—		852,595
Stockholder’s equity	(84,889		)	(14,504		)	586,885			175,588			136,898			(884,867		)	(84,889		)	7,136			84,889		7,136
Total liabilities and stockholder’s equity	$	(8,775	)	$	939,402		$	422,854		$	252,712		$	174,577		$	(925,218	)	$	855,552		$	(80,710	)	$	84,889	$	859,731

Condensed Income Statement

Condensed Consolidating Statements of Income

	Three Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			US SPV		Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Revenue	$	—		$	—		$	141,384		$	53,337		$	81,889	$	6,394					$	283,004		$	—		$	—	$	283,004
Provision for losses	—			—			58,514			12,691			44,742		18,576						134,523			—			—		134,523
Net revenue	—			—			82,870			40,646			37,147		(12,182		)	—			148,481			—			—		148,481
Cost of providing services:
Salaries and benefits	—			—			17,579			8,936			—		—			—			26,515			—			—		26,515
Occupancy	—			—			7,875			5,647			—		—			—			13,522			—			—		13,522
Office	—			—			5,586			2,156			—		—			—			7,742			—			—		7,742
Other costs of providing services	—			—			10,650			1,364			590		—			—			12,604			—			—		12,604
Advertising	—			—			17,632			6,482			—		—			—			24,114			—			—		24,114
Total cost of providing services	—			—			59,322			24,585			590		—			—			84,497			—			—		84,497
Gross margin	—			—			23,548			16,061			36,557		(12,182		)	—			63,984			—			—		63,984
Operating (income) expense:
Corporate, district and other	(886		)	48			20,663			12,824			59		1			—			32,709			2,476			—		35,185
Intercompany management fee	—			—			(7,259		)	3,014			4,237		8			—			—			—			—		—
Interest expense	12,503			—			(149		)	(45		)	4,004		1,272			—			17,585			5,811			—		23,396
Loss on extinguishment of debt	69,200			—			—			—			—		—			—			69,200			—			—		69,200
Intercompany interest (income) expense	—			(916		)	(654		)	1,570			—		—			—			—			—			—		—
Total operating expense	80,817			(868		)	12,601			17,363			8,300		1,281			—			119,494			8,287			—		127,781
Net (loss) income before income taxes	(80,817		)	868			10,947			(1,302		)	28,257		(13,463		)	—			(55,510		)	(8,287		)	—		(63,797		)
(Benefit) provision for income tax expense	(17,930		)	6,942			(2,177		)	(1,508		)	—		—			—			(14,673		)	(2,102		)	—		(16,775		)
Net (loss) income	(62,887		)	(6,074		)	13,124			206			28,257		(13,463		)	—			(40,837		)	(6,185		)	—		(47,022		)
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—		—			—			—			(40,837		)	40,837		—
CURO Intermediate	(6,074		)	—			—			—			—		—			6,074			—			—			—		—
Guarantor Subsidiaries	13,124			—			—			—			—		—			(13,124		)	—			—			—		—
Non-Guarantor Subsidiaries	206			—			—			—			—		—			(206		)	—			—			—		—
SPV Subs	(13,463		)	—			—			—			—		—			13,463			—			—			—		—
Net (loss) income attributable to CURO	$	(69,094	)	$	(6,074	)	$	13,124		$	206		$	28,257	$	(13,463	)	$	6,207		$	(40,837	)	$	(47,022	)	$	40,837	$	(47,022	)

	Three Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	123,608		$	61,293		$	70,218		$	—		$	255,119	$	—		$	—		$	255,119
Provision for losses	—			—			53,906			19,835			25,600			—			99,341		—			—			99,341
Net revenue	—			—			69,702			41,458			44,618			—			155,778		—			—			155,778
Cost of providing services:
Salaries and benefits	—			—			17,555			9,266			—			—			26,821		—			—			26,821
Occupancy	—			—			7,849			5,966			—			—			13,815		—			—			13,815
Office	—			—			4,682			1,123			(90		)	—			5,715		—			—			5,715
Other store operating expenses	—			—			10,990			1,773			228			—			12,991		—			—			12,991
Advertising	—			—			12,004			4,266			—			—			16,270		—			—			16,270
Total cost of providing services	—			—			53,080			22,394			138			—			75,612		—			—			75,612
Gross Margin	—			—			16,622			19,064			44,480			—			80,166		—			—			80,166
Operating (income) expense:
Corporate, district and other	327			15			28,142			8,993			(3,861		)	—			33,616		631			—			34,247
Intercompany management fee	—			—			(10,815		)	4,200			6,615			—			—		—			—			—
Interest expense	15,305			—			(98		)	49			3,588			—			18,844		—			—			18,844
Intercompany interest (income) expense	—			(1,054		)	(173		)	1,227			—			—			—		—			—			—
Loss on extinguishment of debt	—			—			—			—			—			—			—		—			—			—
Restructuring costs	—			—			—			7,393			—			—			7,393		—			—			7,393
Total operating expense	15,632			(1,039		)	17,056			21,862			6,342			—			59,853		631			—			60,484
Net (loss) income before income taxes	(15,632		)	1,039			(434		)	(2,798		)	38,138			—			20,313		(631		)	—			19,682
(Benefit) provision for income tax expense	(7,507		)	17,793			(1,832		)	1,833			—			—			10,287		(367		)	—			9,920
Net (loss) income	(8,125		)	(16,754		)	1,398			(4,631		)	38,138			—			10,026		(264		)	—			9,762
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—			—			—			—		10,026			(10,026		)	—
CURO Intermediate	(16,754		)	—			—			—			—			16,754			—		—			—			—
Guarantor Subsidiaries	1,398			—			—			—			—			(1,398		)	—		—			—			—
Non-Guarantor Subsidiaries	(4,631		)	—			—			—			—			4,631			—		—			—			—
SPV Subs	38,138			—			—			—			—			(38,138		)	—		—			—			—
Net income (loss) attributable to CURO	$	10,026		$	(16,754	)	$	1,398		$	(4,631	)	$	38,138		$	(18,151	)	$	10,026	$	9,762		$	(10,026	)	$	9,762

	Nine Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		US SPV		Canada SPV			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	387,826		$	169,359	$	230,166	$	6,394					$	793,745	$	—		$	—		$	793,745
Provision for losses	—			—			140,603			49,388		98,973		18,576						307,540		—			—			307,540
Net revenue	—			—			247,223			119,971		131,193		(12,182		)	—			486,205		—			—			486,205
Cost of providing services:
Salaries and benefits	—			—			53,668			26,673		—		—			—			80,341		—			—			80,341
Occupancy	—			—			23,164			17,105		—		—			—			40,269		—			—			40,269
Office	—			—			15,416			5,383		—		—			—			20,799		—			—			20,799
Other costs of providing services	—			—			33,934			4,260		1,537		—			—			39,731		—			—			39,731
Advertising	—			—			35,200			16,224		—		—			—			51,424		—			—			51,424
Total cost of providing services	—			—			161,382			69,645		1,537		—			—			232,564		—			—			232,564
Gross margin	—			—			85,841			50,326		129,656		(12,182		)	—			253,641		—			—			253,641
Operating (income) expense:
Corporate, district and other	20			73			74,037			33,180		136		1			—			107,447		6,847			—			114,294
Intercompany management fee	—			—			(21,082		)	9,789		11,285		8			—			—		—			—			—
Interest expense	47,410			—			(321		)	7		12,031		1,272			—			60,399		5,811			—			66,210
Loss on extinguishment of debt	80,883			—			—			—		—		—			—			80,883		—			—			80,883
Intercompany interest (income) expense	—			(2,700		)	(913		)	3,613		—		—			—			—		—			—			—
Total operating expense (income)	128,313			(2,627		)	51,721			46,589		23,452		1,281			—			248,729		12,658			—			261,387
Net (loss) income before income taxes	(128,313		)	2,627			34,120			3,737		106,204		(13,463		)	—			4,912		(12,658		)	—			(7,746		)
(Benefit) provision for income tax expense	(30,189		)	39,107			(8,220		)	2,522		—		—			—			3,220		(3,211		)	—			9
Net (loss) income	(98,124		)	(36,480		)	42,340			1,215		106,204		(13,463		)	—			1,692		(9,447		)	—			(7,755		)
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—		—			—			—		1,692			(1,692		)	—
CURO Intermediate	(36,480		)	—			—			—		—		—			36,480			—		—			—			—
Guarantor Subsidiaries	42,340			—			—			—		—		—			(42,340		)	—		—			—			—
Non-Guarantor Subsidiaries	1,215			—			—			—		—		—			(1,215		)	—		—			—			—
SPV Subs	(13,463		)	—			—			—		—		—			13,463			—		—			—			—
Net income (loss) attributable to CURO	$	(104,512	)	$	(36,480	)	$	42,340		$	1,215	$	106,204	$	(13,463	)	$	6,388		$	1,692	$	(7,755	)	$	(1,692	)	$	(7,755	)

	Nine Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary Non-Guarantors		SPV Subs			Eliminations			CFTC Consolidated		CURO			Eliminations			CURO Consolidated
Revenue	$	—		$	—		$	337,920		$	164,731	$	193,992		$	—		$	696,643	$	—		$	—		$	696,643
Provision for losses	—			—			118,042			45,865		62,616			—			226,523		—			—			226,523
Net revenue	—			—			219,878			118,866		131,376			—			470,120		—			—			470,120
Cost of providing services:
Salaries and benefits	—			—			53,144			26,410		—			—			79,554		—			—			79,554
Occupancy	—			—			23,785			17,636		—			—			41,421		—			—			41,421
Office	—			—			12,168			3,441		(90		)	—			15,519		—			—			15,519
Other store operating expenses	—			—			36,005			4,657		292			—			40,954		—			—			40,954
Advertising	—			—			24,596			11,003		—			—			35,599		—			—			35,599
Total cost of providing services	—			—			149,698			63,147		202			—			213,047		—			—			213,047
Gross Margin	—			—			70,180			55,719		131,174			—			257,073		—			—			257,073
Operating (income) expense:
Corporate, district and other	3,304			(55		)	71,929			25,500		320			—			100,998		2,799			—			103,797
Intercompany management fee	—			—			(17,624		)	11,009		6,615			—			—		—			—			—
Interest expense	37,761			9,613			(97		)	131		9,976			—			57,384		3,310			—			60,694
Intercompany interest (income) expense	—			(3,244		)	(503		)	3,747		—			—			—		—			—			—
Loss on extinguishment of debt	—			11,884			—			—		—			—			11,884		574			—			12,458
Restructuring costs	—			—			—			7,393		—			—			7,393		—			—			7,393
Total operating expense	41,065			18,198			53,705			47,780		16,911			—			177,659		6,683			—			184,342
Net (loss) income before income taxes	(41,065		)	(18,198		)	16,475			7,939		114,263			—			79,414		(6,683		)	—			72,731
(Benefit) provision for income tax expense	(17,633		)	51,964			(7,879		)	6,266		—			—			32,718		(2,730		)	—			29,988
Net (loss) income	(23,432		)	(70,162		)	24,354			1,673		114,263			—			46,696		(3,953		)	—			42,743
Equity in net income (loss) of subsidiaries:
CFTC	—			—			—			—		—			—			—		46,696			(46,696		)	—
CURO Intermediate	(70,162		)	—			—			—		—			70,162			—		—			—			—
Guarantor Subsidiaries	24,354			—			—			—		—			(24,354		)	—		—			—			—
Non-Guarantor Subsidiaries	1,673			—			—			—		—			(1,673		)	—		—			—			—
SPV Subs	114,263			—			—			—		—			(114,263		)	—		—			—			—
Net income (loss) attributable to CURO	$	46,696		$	(70,162	)	$	24,354		$	1,673	$	114,263		$	(70,128	)	$	46,696	$	42,743		$	(46,696	)	$	42,743

Condensed Cash Flow Statement

Condensed Consolidating Statements of Cash Flows

	Nine Months Ended September 30, 2018
(dollars in thousands)	CFTC			CURO Intermediate		Subsidiary Guarantors			Subsidiary  Non-Guarantors			U.S. SPV			Canada SPV			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash provided (used)	$	628,468		$	—	$	5,234		$	(4,640	)	$	44,653		$	(73,278	)	$	4,169		$	604,606		$	(677,207	)	$	—	$	(72,601	)
Cash flows from investing activities:
Purchase of property, equipment and software	—			—		(6,466		)	(1,734		)				—			—			(8,200		)	—			—		(8,200		)
Cash paid for Cognical Holdings preferred shares	(958		)	—		—			—						—			—			(958		)	—			—		(958		)
Change in restricted cash	—			—		(5		)	(5		)	(63		)	(12,211		)	—			(12,284		)	—			—		(12,284		)
Net cash used	(958		)	—		(6,471		)	(1,739		)	(63		)	(12,211		)	—			(21,442		)	—			—		(21,442		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility	—			—		—			—			17,000			—			—			17,000			—			—		17,000
Payments on Non-Recourse U.S. SPV facility	—			—		—			—			(61,590		)	—			—			(61,590		)	—			—		(61,590		)
Proceeds from Non0Recourse Canada SPV facility	—			—		—			—			—			89,949			—			89,949			—			—		89,949
Proceeds from revolving credit facilities	39,000			—		—			26,169			—			—			—			65,169			—			—		65,169
Payments on revolving credit facilities	(10,000		)	—		—			(26,169		)	—			—			—			(36,169		)	—			—		(36,169		)
Proceeds from issuance of common stock	11,549			—		—			—						—			—			11,549			—			—		11,549
Proceeds from exercise of stock options	408			—		—			—						—			—			408			—			—		408
Payments on 12.00% Senior Secured Notes	(605,000		)	—		—			—						—			—			(605,000		)	—			—		(605,000		)
Proceeds from 8.25% Senior Secured Notes	—			—		—			—			—			—			—			—			690,000			—		690,000
Payments of call premiums from early debt extinguishments	(63,350		)	—		—			—			—			—			—			(63,350		)	—			—		(63,350		)
Debt issuance costs paid	(117		)	—		—			—						(4,527		)	—			(4,644		)	(12,873		)	—		(17,517		)
Net cash provided (used)	(627,510		)	—		—			—			(44,590		)	85,422			—			(586,678		)	677,127			—		90,449
Effect of exchange rate changes on cash	—			—		—			(1,317		)	—			67			(4,169		)	(5,419		)	—			—		(5,419		)
Net increase (decrease) in cash	—			—		(1,237		)	(7,696		)	—			—			—			(8,933		)	(80		)	—		(9,013		)
Cash at beginning of period	—			—		117,379			44,915			—			—			—			162,294			80			—		162,374
Cash at end of period	$	—		$	—	$	116,142		$	37,219		$	—		$	—		$	—		$	153,361		$	—		$	—	$	153,361

	Nine Months Ended September 30, 2017
(dollars in thousands)	CFTC			CURO Intermediate			Subsidiary Guarantors			Subsidiary  Non-Guarantors			SPV Subs			Eliminations			CFTC Consolidated			CURO			Eliminations		CURO Consolidated
Cash flows from operating activities
Net cash (used) provided	$	(275,549	)	$	423,621		$	(65,982	)	$	(25,579	)	$	(21,384	)	$	(632	)	$	34,495		$	(5,083	)	$	—	$	29,412
Cash flows from investing activities:
Purchase of property, equipment and software	—			—			(6,183		)	(1,734		)	—			—			(7,917		)	—			—		(7,917		)
Cash paid for Cognical investment	(4,975		)	—			—			—			—			—			(4,975		)	—			—		(4,975		)
Change in restricted cash	—			459			(3,939		)	120			—			—			(3,360		)	—			—		(3,360		)
Net cash (used) provided	(4,975		)	459			(10,122		)	(1,614		)	—			—			(16,252		)	—			—		(16,252		)
Cash flows from financing activities:
Proceeds from Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			52,130			—			52,130			—			—		52,130
Payments on Non-Recourse U.S. SPV facility and ABL facility	—			—			—			—			(27,258		)	—			(27,258		)	—			—		(27,258		)
Proceeds from issuance of 12.00% Senior Secured Notes	461,329			—			—			—			—			—			461,329			—			—		461,329
Proceeds from revolving credit facilities	25,000			—			—			8,028			—			—			33,028			—			—		33,028
Payments from revolving credit facilities	(25,000		)	—			—			(8,028		)	—			—			(33,028		)	—			—		(33,028		)
Payments on 10.75% Senior Secured Notes	—			(414,882		)	—			—			—			—			(414,882		)	—			—		(414,882		)
Payments on 12.00% Senior Cash Pay Notes	—			—			—			—			—			—			—			(125,000		)	—		(125,000		)
Payments of call premiums from early debt extinguishments	—			(11,152		)	—			—			—			—			(11,152		)	—			—		(11,152		)
Dividends (paid) received	(166,583		)	—			—			—			—			—			(166,583		)	130,083			—		(36,500		)
Debt issuance costs paid	(14,222		)	—			—			—			—			—			(14,222		)	—			—		(14,222		)
Net cash provided (used)	280,524			(426,034		)	—			—			24,872			—			(120,638		)	5,083			—		(115,555		)
Effect of exchange rate changes on cash	—			—			—			3,783			—			632			4,415			—			—		4,415
Net (decrease) increase in cash	—			(1,954		)	(76,104		)	(23,410		)	3,488			—			(97,980		)	—			—		(97,980		)
Cash at beginning of period	—			1,954			124,942			63,779			2,770			—			193,445			80			—		193,525
Cash at end of period	$	—		$	—		$	48,838		$	40,369		$	6,258		$	—		$	95,465		$	80		$	—	$	95,545

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF OPERATIONS - Narrative (Details)		1 Months Ended
	Nov. 30, 2017 USD ($)	Nov. 30, 2017 USD ($)	Sep. 30, 2018	Aug. 31, 2018 USD ($)	Aug. 13, 2018 USD ($)	Dec. 31, 2017 USD ($)	Feb. 28, 2017 USD ($)
Accounting Policies [Abstract]
Stock split conversion ratio	36	36
8.25% Senior Secured Notes (due 2025) | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount				$ 690,000,000.0	$ 690,000,000.0
Stated interest rate (as percent)				8.25%	8.25%
12.00% Senior Secured Notes (due 2022) | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount	$ 135,000,000	$ 135,000,000				$ 605,000,000.0	$ 470,000,000
Stated interest rate (as percent)			12.00%			12.00%

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VARIABLE INTEREST ENTITIES - Carrying Amounts of Consolidated VIE Assets and Liabilities (Details) $ in Thousands	Sep. 30, 2018 USD ($) instrument	Aug. 31, 2018	Aug. 13, 2018	Dec. 31, 2017 USD ($)
ASSETS
Restricted cash	$ 24,236			$ 12,117
Loans receivable less allowance for loan losses	491,607			363,269
Total Assets	995,730			859,731
Liabilities
Accounts payable and accrued liabilities	52,853			55,792
Deferred revenue	9,667			11,984
Accrued interest	7,391			25,467
Long-term debt	868,201			706,225
Total Liabilities	985,866			852,595
Senior Notes | 8.25% Senior Notes Due 2025
Variable Interest Entity [Line Items]
Stated interest rate (as percent)		8.25%	8.25%
Liabilities
Long-term debt	$ 677,245			0
Variable Interest Entity
Variable Interest Entity [Line Items]
Number of instruments held | instrument	2
ASSETS
Restricted cash	$ 19,107			6,871
Loans receivable less allowance for loan losses	303,433			167,706
Total Assets	322,540			174,577
Liabilities
Accounts payable and accrued liabilities	1,360			12
Deferred revenue	149			0
Accrued interest	1,603			1,266
Long-term debt	161,956			120,402
Total Liabilities	$ 165,068			$ 121,680

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LOANS RECEIVABLE AND REVENUE - Revenue by Product (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenue from External Customer [Line Items]
Revenue	$ 283,004	$ 255,119	$ 793,745	$ 696,643
Consumer Portfolio Segment | Unsecured Installment
Revenue from External Customer [Line Items]
Revenue	148,591	128,785	405,010	343,365
Consumer Portfolio Segment | Secured Installment
Revenue from External Customer [Line Items]
Revenue	28,562	26,407	81,195	73,249
Consumer Portfolio Segment | Open-End
Revenue from External Customer [Line Items]
Revenue	40,290	18,630	94,735	52,342
Consumer Portfolio Segment | Single-Pay
Revenue from External Customer [Line Items]
Revenue	53,205	70,895	178,512	197,926
Ancillary
Revenue from External Customer [Line Items]
Revenue	$ 12,356	$ 10,402	$ 34,293	$ 29,761

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LOANS RECEIVABLE AND REVENUE - Loans Receivable by Product and Delinquency (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	$ 495,898		$ 371,857
Delinquent loans receivable	71,777		60,980
Total loans receivable	567,675		432,837
Less: allowance for losses	(76,068)	$ (59,754)	(69,568)	$ (71,271)	$ (70,438)	$ (39,192)
Loans receivable, net	491,607		363,269
Consumer Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquent loans receivable	71,777		60,980
Consumer Portfolio Segment | Single-Pay
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	80,867		99,400
Delinquent loans receivable	0		0
Total loans receivable	80,867		99,400
Less: allowance for losses	(3,768)	(4,372)	(5,916)	(5,342)	(5,313)	(5,501)
Loans receivable, net	77,099		93,484
Consumer Portfolio Segment | Unsecured Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	156,947		151,343
Delinquent loans receivable	54,618		44,963
Total loans receivable	211,565		196,306
Less: allowance for losses	(43,066)	(35,279)	(43,754)	(46,938)	(41,406)	(17,775)
Loans receivable, net	168,499		152,552
Consumer Portfolio Segment | Secured Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	74,017		73,165
Delinquent loans receivable	17,159		16,017
Total loans receivable	91,176		89,182
Less: allowance for losses	(11,221)	(10,386)	(13,472)	(14,111)	(19,196)	(10,737)
Loans receivable, net	79,955		75,710
Consumer Portfolio Segment | Open-End
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current loans receivable	184,067		47,949
Delinquent loans receivable	0		0
Total loans receivable	184,067		47,949
Less: allowance for losses	(18,013)	$ (9,717)	(6,426)	$ (4,880)	$ (4,523)	$ (5,179)
Loans receivable, net	$ 166,054		$ 41,523

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LOANS RECEIVABLE AND REVENUE - Delinquent Loans - Aging Analysis (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	$ 71,777	$ 60,980
Consumer Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	71,777	60,980
Consumer Portfolio Segment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	29,491	26,474
Consumer Portfolio Segment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	20,937	16,464
Consumer Portfolio Segment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	21,349	18,042
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	54,618	44,963
Consumer Portfolio Segment | Unsecured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	21,374	18,358
Consumer Portfolio Segment | Unsecured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	16,542	12,836
Consumer Portfolio Segment | Unsecured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	16,702	13,769
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	17,159	16,017
Consumer Portfolio Segment | Secured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	8,117	8,116
Consumer Portfolio Segment | Secured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	4,395	3,628
Consumer Portfolio Segment | Secured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable	$ 4,647	$ 4,273

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LOANS RECEIVABLE AND REVENUE - Loans Receivable by Product, Credit Services Organization (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	$ 66,113		$ 65,774
Delinquent loans receivable guaranteed by the Company	12,712		13,017
Total loans receivable guaranteed by the Company	78,825		78,791
Less: CSO guarantee liability	(13,243)	$ (11,619)	(17,795)	$ (16,890)	$ (15,582)	$ (17,052)
Loans receivable guaranteed by the Company, net	65,582		60,996
Consumer Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	12,712		13,017
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	63,688		62,676
Delinquent loans receivable guaranteed by the Company	12,119		12,480
Total loans receivable guaranteed by the Company	75,807		75,156
Less: CSO guarantee liability	(12,750)	(11,193)	(17,073)	(16,056)	(14,748)	(15,630)
Loans receivable guaranteed by the Company, net	63,057		58,083
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Current loans receivable guaranteed by the Company	2,425		3,098
Delinquent loans receivable guaranteed by the Company	593		537
Total loans receivable guaranteed by the Company	3,018		3,635
Less: CSO guarantee liability	(493)	$ (426)	(722)	$ (834)	$ (834)	$ (1,148)
Loans receivable guaranteed by the Company, net	$ 2,525		$ 2,913

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LOANS RECEIVABLE AND REVENUE - Delinquent Loans, Credit Services Organization - Aging Analysis (Details) (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	$ 12,712	$ 13,017
Consumer Portfolio Segment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	12,712	13,017
Consumer Portfolio Segment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	10,881	10,936
Consumer Portfolio Segment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	1,142	1,405
Consumer Portfolio Segment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	689	676
Consumer Portfolio Segment | Unsecured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	12,119	12,480
Consumer Portfolio Segment | Unsecured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	10,419	10,477
Consumer Portfolio Segment | Unsecured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	1,077	1,364
Consumer Portfolio Segment | Unsecured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	623	639
Consumer Portfolio Segment | Secured Installment
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	593	537
Consumer Portfolio Segment | Secured Installment | 0-30 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	462	459
Consumer Portfolio Segment | Secured Installment | 31-60 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	65	41
Consumer Portfolio Segment | Secured Installment | 61-90 days past due
Loans and Leases Receivable Disclosure [Line Items]
Delinquent loans receivable guaranteed by the Company	$ 66	$ 37

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LOANS RECEIVABLE AND REVENUE - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 59,754	$ 70,438	$ 69,568	$ 39,192
Charge-offs	(127,743)	(101,635)	(363,737)	(242,131)
Recoveries	49,410	41,641	153,537	131,417
Net charge-offs	(78,333)	(59,994)	(210,200)	(110,714)
Provision for losses	94,481	60,604	216,997	141,955
Effect of foreign currency translation	166	223	(297)	838
Balance, end of period	$ 76,068	$ 71,271	$ 76,068	$ 71,271
Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	13.40%	18.10%	13.40%	18.10%
Consumer Portfolio Segment | Single-Pay
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 4,372	$ 5,313	$ 5,916	$ 5,501
Charge-offs	(43,427)	(51,709)	(135,951)	(140,614)
Recoveries	29,500	31,194	94,783	94,535
Net charge-offs	(13,927)	(20,515)	(41,168)	(46,079)
Provision for losses	13,511	20,632	39,340	45,810
Effect of foreign currency translation	(188)	(88)	(320)	110
Balance, end of period	$ 3,768	$ 5,342	$ 3,768	$ 5,342
Consumer Portfolio Segment | Single-Pay | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	4.70%	5.70%	4.70%	5.70%
Consumer Portfolio Segment | Unsecured Installment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 35,279	$ 41,406	$ 43,754	$ 17,775
Charge-offs	(37,151)	(29,058)	(112,630)	(53,632)
Recoveries	5,748	3,169	18,083	13,803
Net charge-offs	(31,403)	(25,889)	(94,547)	(39,829)
Provision for losses	39,025	31,110	93,936	68,264
Effect of foreign currency translation	165	311	(77)	728
Balance, end of period	$ 43,066	$ 46,938	$ 43,066	$ 46,938
Consumer Portfolio Segment | Unsecured Installment | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	20.40%	25.80%	20.40%	25.80%
Consumer Portfolio Segment | Secured Installment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 10,386	$ 19,196	$ 13,472	$ 10,737
Charge-offs	(11,188)	(8,985)	(33,755)	(15,926)
Recoveries	2,325	1,911	7,487	6,726
Net charge-offs	(8,863)	(7,074)	(26,268)	(9,200)
Provision for losses	9,698	1,989	24,017	12,574
Effect of foreign currency translation	0	0	0	0
Balance, end of period	$ 11,221	$ 14,111	$ 11,221	$ 14,111
Consumer Portfolio Segment | Secured Installment | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	12.30%	16.60%	12.30%	16.60%
Consumer Portfolio Segment | Open-End
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 9,717	$ 4,523	$ 6,426	$ 5,179
Charge-offs	(32,770)	(10,437)	(76,926)	(28,113)
Recoveries	9,191	4,446	30,451	13,903
Net charge-offs	(23,579)	(5,991)	(46,475)	(14,210)
Provision for losses	31,686	6,348	57,962	13,911
Effect of foreign currency translation	189	0	100	0
Balance, end of period	$ 18,013	$ 4,880	$ 18,013	$ 4,880
Consumer Portfolio Segment | Open-End | Allowance for Losses on Finance Receivables | Credit Concentration Risk
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Concentration risk, percentage	9.80%	15.20%	9.80%	15.20%
Consumer Portfolio Segment | Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 0	$ 0	$ 0	$ 0
Charge-offs	(3,207)	(1,446)	(4,475)	(3,846)
Recoveries	2,646	921	2,733	2,450
Net charge-offs	(561)	(525)	(1,742)	(1,396)
Provision for losses	561	525	1,742	1,396
Effect of foreign currency translation	0	0	0	0
Balance, end of period	$ 0	$ 0	$ 0	$ 0

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LOANS RECEIVABLE AND REVENUE - CSO Guarantee Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Guarantor Obligations [Roll Forward]
Balance, beginning of period	$ 11,619	$ 15,582	$ 17,795	$ 17,052
Charge-offs	(45,983)	(44,846)	(122,931)	(113,157)
Recoveries	7,566	7,417	27,837	28,427
Net charge-offs	(38,417)	(37,429)	(95,094)	(84,730)
Provision for losses	40,042	38,737	90,543	84,568
Balance, end of period	13,243	16,890	13,243	16,890
Consumer Portfolio Segment | Single-Pay
Guarantor Obligations [Roll Forward]
Balance, beginning of period		0		274
Charge-offs		(235)		(2,121)
Recoveries		233		1,335
Net charge-offs		(2)		(786)
Provision for losses		2		512
Balance, end of period		0		0
Consumer Portfolio Segment | Unsecured Installment
Guarantor Obligations [Roll Forward]
Balance, beginning of period	11,193	14,748	17,073	15,630
Charge-offs	(44,896)	(43,124)	(119,632)	(104,246)
Recoveries	6,901	6,326	25,227	23,051
Net charge-offs	(37,995)	(36,798)	(94,405)	(81,195)
Provision for losses	39,552	38,106	90,082	81,621
Balance, end of period	12,750	16,056	12,750	16,056
Consumer Portfolio Segment | Secured Installment
Guarantor Obligations [Roll Forward]
Balance, beginning of period	426	834	722	1,148
Charge-offs	(1,087)	(1,487)	(3,299)	(6,790)
Recoveries	665	858	2,610	4,041
Net charge-offs	(422)	(629)	(689)	(2,749)
Provision for losses	490	629	461	2,435
Balance, end of period	$ 493	$ 834	$ 493	$ 834

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LOANS RECEIVABLE AND REVENUE - Allowance For Doubtful Accounts - CSO Guarantee Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	$ 71,373	$ 86,020	$ 87,363	$ 56,244
Charge-offs	(173,726)	(146,481)	(486,668)	(355,288)
Recoveries	56,976	49,058	181,374	159,844
Net charge-offs	(116,750)	(97,423)	(305,294)	(195,444)
Provision for losses	134,523	99,341	307,540	226,523
Effect of foreign currency translation	165	223	(298)	838
Balance, end of period	89,311	88,161	89,311	88,161
Consumer Portfolio Segment | Single-Pay
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	4,372	5,313	5,916	5,775
Charge-offs	(43,427)	(51,944)	(135,951)	(142,735)
Recoveries	29,500	31,427	94,783	95,870
Net charge-offs	(13,927)	(20,517)	(41,168)	(46,865)
Provision for losses	13,511	20,634	39,340	46,322
Effect of foreign currency translation	(188)	(88)	(320)	110
Balance, end of period	3,768	5,342	3,768	5,342
Consumer Portfolio Segment | Unsecured Installment
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	46,472	56,154	60,827	33,405
Charge-offs	(82,047)	(72,182)	(232,262)	(157,878)
Recoveries	12,649	9,495	43,310	36,854
Net charge-offs	(69,398)	(62,687)	(188,952)	(121,024)
Provision for losses	78,577	69,216	184,018	149,885
Effect of foreign currency translation	165	311	(77)	728
Balance, end of period	55,816	62,994	55,816	62,994
Consumer Portfolio Segment | Secured Installment
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	10,812	20,030	14,194	11,885
Charge-offs	(12,275)	(10,472)	(37,054)	(22,716)
Recoveries	2,990	2,769	10,097	10,767
Net charge-offs	(9,285)	(7,703)	(26,957)	(11,949)
Provision for losses	10,188	2,618	24,478	15,009
Effect of foreign currency translation	(1)	0	(1)	0
Balance, end of period	11,714	14,945	11,714	14,945
Consumer Portfolio Segment | Open-End
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	9,717	4,523	6,426	5,179
Charge-offs	(32,770)	(10,437)	(76,926)	(28,113)
Recoveries	9,191	4,446	30,451	13,903
Net charge-offs	(23,579)	(5,991)	(46,475)	(14,210)
Provision for losses	31,686	6,348	57,962	13,911
Effect of foreign currency translation	189	0	100	0
Balance, end of period	18,013	4,880	18,013	4,880
Consumer Portfolio Segment | Other
Financing Receivable, Allowance for Credit Losses And Guarantor Obligations [Roll Forward]
Balance, beginning of period	0	0	0	0
Charge-offs	(3,207)	(1,446)	(4,475)	(3,846)
Recoveries	2,646	921	2,733	2,450
Net charge-offs	(561)	(525)	(1,742)	(1,396)
Provision for losses	561	525	1,742	1,396
Effect of foreign currency translation	0	0	0	0
Balance, end of period	$ 0	$ 0	$ 0	$ 0

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CREDIT SERVICES ORGANIZATION (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Credit services organization, fees receivable	$ 13,700		$ 14,500
Guarantor obligations, maximum exposure, undiscounted	65,900		65,200
Credit services organization guarantee liability	13,243	$ 11,619	17,795	$ 16,890	$ 15,582	$ 17,052
Amounts placed in collateral accounts	$ 17,000		$ 17,900
Minimum
Loans and Leases Receivable Disclosure [Line Items]
CSO program loan terms	3 months
Maximum
Loans and Leases Receivable Disclosure [Line Items]
CSO program loan terms	18 months

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LONG-TERM DEBT - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Aug. 31, 2018	Aug. 13, 2018	Aug. 02, 2018	Mar. 07, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 868,201					$ 706,225
Senior Notes | 8.25% Senior Secured Notes (due 2025)
Debt Instrument [Line Items]
Long-term debt	677,245					0
Stated interest rate (as percent)		8.25%	8.25%
Senior Notes | 12.00% Senior Secured Notes (due 2022)
Debt Instrument [Line Items]
Long-term debt	$ 0				$ 527,500	$ 585,823
Stated interest rate (as percent)	12.00%					12.00%
Line of Credit and Secured Debt | Non-Recourse U.S. SPV Facility
Debt Instrument [Line Items]
Long-term debt	$ 76,614					$ 120,402
Line of Credit | Revolving Credit Facility | Non-Recourse Canada SPV Facility
Debt Instrument [Line Items]
Long-term debt	85,342					0
Stated interest rate (as percent)				6.75%
Line of Credit | Revolving Credit Facility | Senior Revolver
Debt Instrument [Line Items]
Long-term debt	29,000					0
Line of Credit | Revolving Credit Facility | Cash Money Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	$ 0					$ 0

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LONG-TERM DEBT - Senior Secured Notes (Details) - USD ($)		3 Months Ended		9 Months Ended
	Mar. 07, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Aug. 31, 2018	Aug. 13, 2018	Feb. 05, 2018	Dec. 31, 2017	Nov. 30, 2017	Feb. 28, 2017
Line of Credit Facility [Line Items]
Loss on extinguishment of debt		$ 69,200,000	$ 0	$ 80,883,000	$ 12,458,000
Long-term debt		$ 868,201,000		$ 868,201,000					$ 706,225,000
Senior Notes | 12% Senior Secured Notes
Line of Credit Facility [Line Items]
Debt instrument, face amount									$ 605,000,000.0	$ 135,000,000	$ 470,000,000
Stated interest rate (as percent)		12.00%		12.00%					12.00%
Loss on extinguishment of debt	$ 11,700,000				$ 12,500,000
Debt issuance costs capitalized									$ 18,300,000
Notice of redemption, amount								$ 77,500,000
Redemption price, percentage of redemption amount (as percent)	112.00%
Long-term debt	$ 527,500,000	$ 0		$ 0					585,823,000
Senior Notes | 8.25% Senior Notes Due 2025
Line of Credit Facility [Line Items]
Debt instrument, face amount						$ 690,000,000.0	$ 690,000,000.0
Stated interest rate (as percent)						8.25%	8.25%
Loss on extinguishment of debt		69,200,000
Debt issuance costs capitalized							$ 12,900,000
Long-term debt		$ 677,245,000		$ 677,245,000					$ 0

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LONG-TERM DEBT - Non-Recourse U.S. SPV Facility (Details) - USD ($)		1 Months Ended		3 Months Ended		9 Months Ended
	Oct. 26, 2018	Oct. 31, 2018	Nov. 30, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Debt Instrument [Line Items]
Loss on extinguishment of debt				$ 69,200,000	$ 0	$ 80,883,000	$ 12,458,000
Line of Credit and Secured Debt | Non-Recourse U.S. SPV Facility
Debt Instrument [Line Items]
Debt instrument, term			5 years
Interest expense, debt				3,900,000
Secured Debt | Non-Recourse U.S. SPV Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 80,000,000
Maximum effective interest rate (as percent)			12.00%
Commitment fee (as percent)			0.50%
Secured Debt | Non-Recourse U.S. SPV Facility | Subsequent Event
Debt Instrument [Line Items]
Extinguishment of debt	$ 2,700,000	$ 80,000,000
Loss on extinguishment of debt	$ 9,700,000
Secured Debt | Non-Recourse U.S. SPV Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread (as percent)			1.00%
Line of Credit | Non-Recourse U.S. SPV Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 70,000,000
Extinguishment of debt				$ 42,400,000

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LONG-TERM DEBT - Non-Recourse Canada SPV Facility (Details) - Line of Credit - Non-Recourse Canada SPV Facility - Revolving Credit Facility $ in Millions		3 Months Ended
	Aug. 02, 2018 CAD ($)	Sep. 30, 2018 USD ($)
Line of Credit Facility [Line Items]
Debt instrument, term	4 years
Line of credit facility, initial borrowing capacity	$ 175,000,000.0
Credit facility, expansion capacity	$ 250,000,000.0
Stated interest rate (as percent)	6.75%
Commitment fee (as percent)	0.50%
Interest expense, debt		$ 0.4

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LONG-TERM DEBT - Senior Revolver (Details) - Line of Credit - Senior Revolver - USD ($)	1 Months Ended
	Feb. 28, 2018	Sep. 30, 2017
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 29,000,000	$ 25,000,000
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,000,000
Debt instrument, term	1 year

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LONG-TERM DEBT - Cash Money Revolving Credit Facility (Details) - Line of Credit - Cash Money Revolving Credit Facility - CAD ($)	1 Months Ended	9 Months Ended
	Dec. 31, 2017	Sep. 30, 2018	Jul. 31, 2018	Jun. 30, 2018
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 7,300,000.0	$ 10,000,000.0	$ 7,300,000.0
Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread (as percent)		1.95%
Standby Letters of Credit
Debt Instrument [Line Items]
Reduction in borrowing capacity	$ 300,000

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SHARE-BASED COMPENSATION - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Nov. 08, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2.1	$ 0.5	$ 6.1	$ 1.8
Unrecognized compensation costs	$ 16.5		$ 16.5
Compensation cost not yet recognized, period for recognition			2 years 2 months 24 days
2017 Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)					5,000,000

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SHARE-BASED COMPENSATION - Summary of Restricted Stock Units (Details) - Restricted Stock	9 Months Ended
	Sep. 30, 2018 $ / shares shares
Units
Outstanding, beginning of period (in shares) | shares	1,516,241
Granted (in shares) | shares	90,372
Vested (in shares) | shares	(49,994)
Forfeited (in shares) | shares	0
Outstanding, end of period (in shares) | shares	1,556,619
Weighted Average Grant Date Fair Value
Weighted average grant date fair value, beginning of period (USD per share) | $ / shares	$ 14.00
Weighted average grant date fair value, granted (USD per share) | $ / shares	17.46
Weighted average grant date fair value, vested (USD per share) | $ / shares	14.20
Weighted average grant date fair value, forfeited (USD per share) | $ / shares	0.00
Weighted average grant date fair value, end of period (USD per share) | $ / shares	$ 14.19

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INCOME TAXES (Details) - USD ($)	3 Months Ended			6 Months Ended	9 Months Ended		10 Months Ended	12 Months Ended
	Sep. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Income Tax Contingency [Line Items]
Effective income tax rate (as percent)	26.30%		50.40%		(0.10%)	41.20%
Tax Cuts and Jobs Act of 2017, incomplete accounting, transition tax for accumulated foreign earnings, provisional income tax expense									$ 8,100,000
Tax Cuts and Jobs Act of 2017, incomplete accounting, transition tax for accumulated foreign earnings, additional amounts, provisional income tax expense		$ 1,200,000		$ 1,100,000	$ 0
Tax Cuts and Jobs Act of 2017, global intangible low-taxed income, provisional income tax expense (reversal)	$ (600,000)	$ 600,000
Tax benefit from plan modification	3,300,000
Tax Cuts and Jobs Act of 2017, incomplete accounting, provisional income tax expense (benefit)							$ 9,300,000
Undistributed foreign earnings	$ 172,900,000				$ 172,900,000		$ 172,900,000
Canada Revenue Agency | Pro forma | Subsequent Event
Income Tax Contingency [Line Items]
Expected tax if earnings were distributed to the U.S.								$ 8,600,000

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FINANCIAL INSTRUMENTS - Summary of Assets and Liabilities Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financial assets:
Restricted cash	$ 24,236	$ 12,117
Carrying Value
Financial assets:
Cash	153,361	162,374
Restricted cash	24,236	12,117
Loans receivable, net	491,607	363,269
Investment in Cognical	6,600	5,600
Financial liabilities:
Credit services organization guarantee liability	13,243	17,795
Carrying Value | 2018 Senior Secured Notes
Financial liabilities:
Debt	677,245
Carrying Value | 12% Senior Secured Notes
Financial liabilities:
Debt		585,823
Carrying Value | Non-Recourse U.S. SPV Facility
Financial liabilities:
Debt	76,614	120,402
Carrying Value | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	85,342
Estimated Fair Value
Financial assets:
Cash	153,361	162,374
Restricted cash	24,236	12,117
Loans receivable, net	491,607	363,269
Investment in Cognical	6,600	5,600
Financial liabilities:
Credit services organization guarantee liability	13,243	17,795
Estimated Fair Value | 2018 Senior Secured Notes
Financial liabilities:
Debt	651,848
Estimated Fair Value | 12% Senior Secured Notes
Financial liabilities:
Debt		663,475
Estimated Fair Value | Non-Recourse U.S. SPV Facility
Financial liabilities:
Debt	80,000	124,590
Estimated Fair Value | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	89,666
Estimated Fair Value | Level 1
Financial assets:
Cash	153,361	162,374
Restricted cash	24,236	12,117
Loans receivable, net	0	0
Investment in Cognical	0	0
Financial liabilities:
Credit services organization guarantee liability	0	0
Estimated Fair Value | Level 1 | 2018 Senior Secured Notes
Financial liabilities:
Debt	0
Estimated Fair Value | Level 1 | 12% Senior Secured Notes
Financial liabilities:
Debt		0
Estimated Fair Value | Level 1 | Non-Recourse U.S. SPV Facility
Financial liabilities:
Debt	0	0
Estimated Fair Value | Level 1 | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	0
Estimated Fair Value | Level 2
Financial assets:
Cash	0	0
Restricted cash	0	0
Loans receivable, net	0	0
Investment in Cognical	0	0
Financial liabilities:
Credit services organization guarantee liability	0	0
Estimated Fair Value | Level 2 | 2018 Senior Secured Notes
Financial liabilities:
Debt	0
Estimated Fair Value | Level 2 | 12% Senior Secured Notes
Financial liabilities:
Debt		0
Estimated Fair Value | Level 2 | Non-Recourse U.S. SPV Facility
Financial liabilities:
Debt	0	0
Estimated Fair Value | Level 2 | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	0
Estimated Fair Value | Level 3
Financial assets:
Cash	0	0
Restricted cash	0	0
Loans receivable, net	491,607	363,269
Investment in Cognical	6,600	5,600
Financial liabilities:
Credit services organization guarantee liability	13,243	17,795
Estimated Fair Value | Level 3 | 2018 Senior Secured Notes
Financial liabilities:
Debt	651,848
Estimated Fair Value | Level 3 | 12% Senior Secured Notes
Financial liabilities:
Debt		663,475
Estimated Fair Value | Level 3 | Non-Recourse U.S. SPV Facility
Financial liabilities:
Debt	80,000	$ 124,590
Estimated Fair Value | Level 3 | Non-Recourse Canada SPV Facility
Financial liabilities:
Debt	$ 89,666

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FINANCIAL INSTRUMENTS - Narrative (Details) $ in Thousands, £ in Millions	9 Months Ended
	Sep. 30, 2018 USD ($)	Sep. 30, 2018 GBP (£)	Mar. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unrealized loss recorded in the statement of income relating to the foreign currency derivative	$ 600
Cognical Holdings, Inc.
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cost method, ownership (as percent)	10.40%
Cognical Holdings, Inc.
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Business combination, preferred shares purchased (in shares) | shares			560,872
Purchase of cost method investment			$ 1,000
Foreign Exchange Forward
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Forward hedge agreement | £		£ 10.4
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit services organization guarantee liability	$ 13,243			$ 17,795
Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans receivable, expected term	60 months

XML

STOCKHOLDERS' EQUITY (Details) - Over-Allotment Option $ in Millions	Jan. 05, 2018 USD ($) shares
Subsidiary, Sale of Stock [Line Items]
Number of shares issued via sale of stock (in shares) | shares	1,000,000
Proceeds received for the sale of stock | $	$ 13.1

XML

EARNINGS PER SHARE - Summary of Basic Earnings Per Share (Details) $ / shares in Units, shares in Thousands, $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2017	Sep. 30, 2018 USD ($) $ / shares shares	Sep. 30, 2017 USD ($) $ / shares shares	Sep. 30, 2018 USD ($) $ / shares shares	Sep. 30, 2017 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Net (loss) income | $			$ (47,022)	$ 9,762	$ (7,755)	$ 42,743
Weight average common shares - basic (in shares) | shares			45,853	37,908	45,674	37,908
Basic earnings per share (in dollars per share) | $ / shares			$ (1.03)	$ 0.26	$ (0.17)	$ 1.13
Stock split conversion ratio	36	36

XML

EARNINGS PER SHARE - Summary of Diluted Earnings Per Share (Details) $ / shares in Units, shares in Thousands, $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2017	Nov. 30, 2017	Sep. 30, 2018 USD ($) $ / shares shares	Sep. 30, 2017 USD ($) $ / shares shares	Sep. 30, 2018 USD ($) $ / shares shares	Sep. 30, 2017 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Net (loss) income | $			$ (47,022)	$ 9,762	$ (7,755)	$ 42,743
Weight average common shares - basic (in shares)			45,853	37,908	45,674	37,908
Dilutive effect of stock options and restricted stock units (in shares)			2,499	1,006	2,387	1,051
Weighted average common shares - diluted (in shares)			48,352	38,914	48,061	38,959
Diluted earnings per share (in dollars per share) | $ / shares			$ (0.97)	$ 0.25	$ (0.16)	$ 1.10
Stock split conversion ratio	36	36

XML

EARNINGS PER SHARE - Narrative (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	0

XML

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash paid for:
Interest	$ 80,748	$ 60,089
Income taxes	15,868	16,650
Non-cash investing activities:
Property and equipment accrued in accounts payable	$ 1,240	$ 208

XML

SEGMENT REPORTING - Narrative (Details)	9 Months Ended
	Sep. 30, 2018 segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3

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SEGMENT REPORTING - Summary of Financial Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Consolidated revenue	$ 283,004	$ 255,119	$ 793,745	$ 696,643
Consolidated gross margin	63,984	80,166	253,641	257,073
Consolidated expenditures for long-lived assets	5,145	1,965	8,200	7,917
Total gross loans receivable	567,675		567,675		$ 432,837
U.S.
Segment Reporting Information [Line Items]
Consolidated revenue	223,273	193,826	617,992	531,912
Consolidated gross margin	60,105	61,103	215,497	201,354
Consolidated expenditures for long-lived assets	4,483	1,535	6,466	6,183
Total gross loans receivable	344,182		344,182		308,696
Canada
Segment Reporting Information [Line Items]
Consolidated revenue	46,209	50,658	139,502	135,819
Consolidated gross margin	489	15,649	28,291	45,911
Consolidated expenditures for long-lived assets	590	180	1,564	656
Total gross loans receivable	193,581		193,581		104,551
U.K.
Segment Reporting Information [Line Items]
Consolidated revenue	13,522	10,635	36,251	28,912
Consolidated gross margin	3,390	3,414	9,853	9,808
Consolidated expenditures for long-lived assets	72	$ 250	170	$ 1,078
Total gross loans receivable	$ 29,912		$ 29,912		$ 19,590

XML

SEGMENT REPORTING - Summary of Long-lived Assets by Geographical Region (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	$ 79,790	$ 87,086
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	48,371	52,627
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	30,133	32,924
U.K.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net long-lived assets	$ 1,286	$ 1,535

XML

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Additional Information (Details) - USD ($)		1 Months Ended	9 Months Ended
	Mar. 07, 2018	Nov. 30, 2017	Sep. 30, 2017	Sep. 30, 2018	Aug. 31, 2018	Aug. 13, 2018	Feb. 05, 2018	Dec. 31, 2017	Feb. 28, 2017
Debt Instrument [Line Items]
Dividends paid to CURO Group Holdings Corp.			$ 36,500,000
Long-term debt				$ 868,201,000				$ 706,225,000
12% Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)				12.00%				12.00%
Notice of redemption, amount							$ 77,500,000
Redemption price, percentage (as percent)	112.00%
Debt instrument, face amount		$ 135,000,000						$ 605,000,000.0	$ 470,000,000
Long-term debt	$ 527,500,000			$ 0				585,823,000
10.75% Senior Secured Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)				10.75%
10.75% Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)				10.75%
12% Senior Cash Pay Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)				12.00%
8.25% Senior Notes Due 2025 | Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)					8.25%	8.25%
Debt instrument, face amount					$ 690,000,000.0	$ 690,000,000.0
Long-term debt				$ 677,245,000				$ 0
CFTC | 12% Senior Secured Notes
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity									$ 470,000,000.0
Stated interest rate (as percent)									12.00%
CFTC | 12% Senior Secured Notes | Senior Notes
Debt Instrument [Line Items]
Notice of redemption, amount	$ 77,500,000
Redemption price, percentage (as percent)	112.00%
CFTC | 12% Senior Secured Notes | Additional Notes Offering
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		135,000,000.0
Dividends paid to CURO Group Holdings Corp.		$ 140,000,000
CFTC | 10.75% Senior Secured Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)				10.75%
CFTC | 12% Senior Cash Pay Notes
Debt Instrument [Line Items]
Stated interest rate (as percent)				12.00%

XML

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Assets:
Cash	$ 153,361		$ 162,374	$ 95,545		$ 193,525
Restricted cash	24,236		12,117
Loans receivable, net	491,607		363,269
Deferred income taxes	0		772
Income taxes receivable	16,363		3,455
Prepaid expenses and other	40,109		42,512
Property and equipment, net	79,790		87,086
Goodwill	143,966		145,607
Other intangibles, net	33,208		32,769
Intercompany receivable	0		0
Investment in subsidiaries	0		0
Other	13,090		9,770
Total Assets	995,730		859,731
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	52,853		55,792
Deferred revenue	9,667		11,984
Income taxes payable	338		4,120
Accrued interest	7,391		25,467
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	13,243	$ 11,619	17,795	16,890	$ 15,582	17,052
Deferred rent	11,288		11,577
Long-term debt (excluding current maturities)	868,201		706,225
Subordinated stockholder debt	2,319		2,381
Intercompany payable	0		0
Other long-term liabilities	6,949		5,768
Deferred tax liabilities	13,617		11,486
Total Liabilities	985,866		852,595
Stockholder’s equity	9,864		7,136
Total Liabilities and Stockholders' Equity	995,730		859,731
Eliminations
Assets:
Cash	0		0	0		0
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		0
Income taxes receivable	0		0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	0		0
Investment in subsidiaries	90,538		84,889
Other	0		0
Total Assets	90,538		84,889
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	0		0
Deferred revenue	0		0
Income taxes payable	0		0
Accrued interest	0		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	0		0
Subordinated stockholder debt	0		0
Intercompany payable	0		0
Other long-term liabilities	0		0
Deferred tax liabilities	0		0
Total Liabilities	0		0
Stockholder’s equity	90,538		84,889
Total Liabilities and Stockholders' Equity	90,538		84,889
Subsidiaries
Assets:
Cash	153,361		162,294	95,465		193,445
Restricted cash	24,236		12,117
Loans receivable, net	491,607		363,269
Deferred income taxes	0		1,010
Income taxes receivable	10,065		0
Prepaid expenses and other	40,109		41,630
Property and equipment, net	79,790		87,086
Goodwill	143,966		145,607
Other intangibles, net	33,208		32,769
Intercompany receivable	0		0
Investment in subsidiaries	0		0
Other	13,090		9,770
Total Assets	989,432		855,552
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	52,777		54,338
Deferred revenue	9,667		11,984
Income taxes payable	338		4,120
Accrued interest	1,698		25,467
Payable to CURO Holdings Corp.	776,988		89,300
CSO guarantee liability	13,243		17,795
Deferred rent	11,288		11,577
Long-term debt (excluding current maturities)	190,956		706,225
Subordinated stockholder debt	2,319		2,381
Intercompany payable	0		0
Other long-term liabilities	6,949		5,768
Deferred tax liabilities	13,747		11,486
Total Liabilities	1,079,970		940,441
Stockholder’s equity	(90,538)		(84,889)
Total Liabilities and Stockholders' Equity	989,432		855,552
Subsidiaries | Eliminations
Assets:
Cash	0		0	0		0
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		0
Income taxes receivable	0		0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	(49,261)		(40,351)
Investment in subsidiaries	(1,124,708)		(884,867)
Other	0		0
Total Assets	(1,173,969)		(925,218)
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	0		0
Deferred revenue	0		0
Income taxes payable	0		0
Accrued interest	0		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	0		0
Subordinated stockholder debt	0		0
Intercompany payable	(49,261)		(40,351)
Other long-term liabilities	0		0
Deferred tax liabilities	0		0
Total Liabilities	(49,261)		(40,351)
Stockholder’s equity	(1,124,708)		(884,867)
Total Liabilities and Stockholders' Equity	(1,173,969)		(925,218)
Subsidiary Guarantors | Reportable Legal Entities
Assets:
Cash	116,142		117,379	48,838		124,942
Restricted cash	1,682		1,677
Loans receivable, net	104,925		84,912
Deferred income taxes	0		(4,646)
Income taxes receivable	26,129		0
Prepaid expenses and other	35,636		38,277
Property and equipment, net	48,371		52,627
Goodwill	91,131		91,131
Other intangibles, net	6,669		5,418
Intercompany receivable	40,702		33,062
Investment in subsidiaries	0		0
Other	5,467		3,017
Total Assets	476,854		422,854
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	31,749		35,753
Deferred revenue	5,625		6,529
Income taxes payable	0		(18,450)
Accrued interest	0		0
Payable to CURO Holdings Corp.	776,988		(95,048)
CSO guarantee liability	13,243		17,795
Deferred rent	9,670		9,896
Long-term debt (excluding current maturities)	0		0
Subordinated stockholder debt	0		0
Intercompany payable	(998,574)		(124,332)
Other long-term liabilities	5,548		3,969
Deferred tax liabilities	3,952		(143)
Total Liabilities	(151,799)		(164,031)
Stockholder’s equity	628,653		586,885
Total Liabilities and Stockholders' Equity	476,854		422,854
Subsidiary Non-Guarantors | Reportable Legal Entities
Assets:
Cash	37,219		44,915	40,369		63,779
Restricted cash	3,447		3,569
Loans receivable, net	83,248		110,651
Deferred income taxes	0		3,502
Income taxes receivable	0		0
Prepaid expenses and other	4,473		3,353
Property and equipment, net	31,419		34,459
Goodwill	52,835		54,476
Other intangibles, net	26,524		27,335
Intercompany receivable	(29,618)		(30,588)
Investment in subsidiaries	0		0
Other	1,005		1,040
Total Assets	210,552		252,712
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	18,752		15,954
Deferred revenue	3,893		5,455
Income taxes payable	338		2,077
Accrued interest	(13)		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	1,618		1,681
Long-term debt (excluding current maturities)	0		0
Subordinated stockholder debt	2,319		2,381
Intercompany payable	(7,180)		40,351
Other long-term liabilities	1,401		1,799
Deferred tax liabilities	604		7,426
Total Liabilities	21,732		77,124
Stockholder’s equity	188,820		175,588
Total Liabilities and Stockholders' Equity	210,552		252,712
Canada SPV | Reportable Legal Entities
Assets:
Cash			0	6,258		2,770
Restricted cash			6,871
Loans receivable, net			167,706
Deferred income taxes			0
Income taxes receivable			0
Prepaid expenses and other			0
Property and equipment, net			0
Goodwill			0
Other intangibles, net			0
Intercompany receivable			0
Investment in subsidiaries			0
Other			0
Total Assets			174,577
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities			12
Deferred revenue			0
Income taxes payable			0
Accrued interest			1,266
Payable to CURO Holdings Corp.			0
CSO guarantee liability			0
Deferred rent			0
Long-term debt (excluding current maturities)			120,402
Subordinated stockholder debt			0
Intercompany payable			(84,001)
Other long-term liabilities			0
Deferred tax liabilities			0
Total Liabilities			37,679
Stockholder’s equity			136,898
Total Liabilities and Stockholders' Equity			174,577
US SPV | Reportable Legal Entities
Assets:
Cash	0		0
Restricted cash	6,934
Loans receivable, net	185,445
Deferred income taxes	0
Income taxes receivable	0
Prepaid expenses and other	0
Property and equipment, net	0
Goodwill	0
Other intangibles, net	0
Intercompany receivable	0
Investment in subsidiaries	0
Other	0
Total Assets	192,379
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	40
Deferred revenue	118
Income taxes payable	0
Accrued interest	990
Payable to CURO Holdings Corp.	0
CSO guarantee liability	0
Deferred rent	0
Long-term debt (excluding current maturities)	76,614
Subordinated stockholder debt	0
Intercompany payable	(128,486)
Other long-term liabilities	0
Deferred tax liabilities	0
Total Liabilities	(50,724)
Stockholder’s equity	243,103
Total Liabilities and Stockholders' Equity	192,379
Canada SPV | Reportable Legal Entities
Assets:
Cash	0		0
Restricted cash	12,173
Loans receivable, net	117,989
Deferred income taxes	0
Income taxes receivable	0
Prepaid expenses and other	0
Property and equipment, net	0
Goodwill	0
Other intangibles, net	0
Intercompany receivable	0
Investment in subsidiaries	0
Other	0
Total Assets	130,162
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	1,320
Deferred revenue	31
Income taxes payable	0
Accrued interest	613
Payable to CURO Holdings Corp.	0
CSO guarantee liability	0
Deferred rent	0
Long-term debt (excluding current maturities)	85,342
Subordinated stockholder debt	0
Intercompany payable	56,449
Other long-term liabilities	0
Deferred tax liabilities	0
Total Liabilities	143,755
Stockholder’s equity	(13,593)
Total Liabilities and Stockholders' Equity	130,162
CURO
Assets:
Cash	0		80	80		80
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		(238)
Income taxes receivable	6,298		3,455
Prepaid expenses and other	0		882
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	0		0
Investment in subsidiaries	(90,538)		(84,889)
Other	0		0
Total Assets	(84,240)		(80,710)
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	76		1,454
Deferred revenue	0		0
Income taxes payable	0		0
Accrued interest	5,693		0
Payable to CURO Holdings Corp.	(776,988)		(89,300)
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	677,245		0
Subordinated stockholder debt	0		0
Intercompany payable	0		0
Other long-term liabilities	0		0
Deferred tax liabilities	(130)		0
Total Liabilities	(94,104)		(87,846)
Stockholder’s equity	9,864		7,136
Total Liabilities and Stockholders' Equity	(84,240)		(80,710)
CFTC | Subsidiary Issuer | Reportable Legal Entities
Assets:
Cash	0		0	0		0
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		0
Income taxes receivable	85,908		0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	15		16
Intercompany receivable	0		0
Investment in subsidiaries	77,725		(14,504)
Other	6,618		5,713
Total Assets	170,266		(8,775)
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	904		2,606
Deferred revenue	0		0
Income taxes payable	0		(49,738)
Accrued interest	108		24,201
Payable to CURO Holdings Corp.	0		184,348
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	29,000		585,823
Subordinated stockholder debt	0		0
Intercompany payable	233,081		(668,536)
Other long-term liabilities	0		0
Deferred tax liabilities	(2,289)		(2,590)
Total Liabilities	260,804		76,114
Stockholder’s equity	(90,538)		(84,889)
Total Liabilities and Stockholders' Equity	170,266		(8,775)
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities
Assets:
Cash	0		0	$ 0		$ 1,954
Restricted cash	0		0
Loans receivable, net	0		0
Deferred income taxes	0		2,154
Income taxes receivable	(101,972)		0
Prepaid expenses and other	0		0
Property and equipment, net	0		0
Goodwill	0		0
Other intangibles, net	0		0
Intercompany receivable	38,177		37,877
Investment in subsidiaries	1,046,983		899,371
Other	0		0
Total Assets	983,188		939,402
Liabilities and Stockholder's equity:
Accounts payable and accrued liabilities	12		13
Deferred revenue	0		0
Income taxes payable	0		70,231
Accrued interest	0		0
Payable to CURO Holdings Corp.	0		0
CSO guarantee liability	0		0
Deferred rent	0		0
Long-term debt (excluding current maturities)	0		0
Subordinated stockholder debt	0		0
Intercompany payable	893,971		876,869
Other long-term liabilities	0		0
Deferred tax liabilities	11,480		6,793
Total Liabilities	905,463		953,906
Stockholder’s equity	77,725		(14,504)
Total Liabilities and Stockholders' Equity	$ 983,188		$ 939,402

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Condensed Income Statements, Captions [Line Items]
Revenue	$ 283,004	$ 255,119	$ 793,745	$ 696,643
Provision for losses	134,523	99,341	307,540	226,523
Net revenue	148,481	155,778	486,205	470,120
Cost of providing services
Salaries and benefits	26,515	26,821	80,341	79,554
Occupancy	13,522	13,815	40,269	41,421
Office	7,742	5,715	20,799	15,519
Other store operating expenses	12,604	12,991	39,731	40,954
Advertising	24,114	16,270	51,424	35,599
Total cost of providing services	84,497	75,612	232,564	213,047
Gross margin	63,984	80,166	253,641	257,073
Operating (income) expense:
Corporate, district and other	35,185	34,247	114,294	103,797
Intercompany management fee	0	0	0	0
Interest expense	23,396	18,844	66,210	60,694
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	69,200	0	80,883	12,458
Restructuring costs	0	7,393	0	7,393
Total operating expense	127,781	60,484	261,387	184,342
Net (loss) income before income taxes	(63,797)	19,682	(7,746)	72,731
(Benefit) provision for income taxes	(16,775)	9,920	9	29,988
Net (loss) income	(47,022)	9,762	(7,755)	42,743
Equity in net income (loss) of subsidiaries	(47,022)	9,762	(7,755)	42,743
CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenue	283,004	255,119	793,745	696,643
Provision for losses	134,523	99,341	307,540	226,523
Net revenue	148,481	155,778	486,205	470,120
Cost of providing services
Salaries and benefits	26,515	26,821	80,341	79,554
Occupancy	13,522	13,815	40,269	41,421
Office	7,742	5,715	20,799	15,519
Other store operating expenses	12,604	12,991	39,731	40,954
Advertising	24,114	16,270	51,424	35,599
Total cost of providing services	84,497	75,612	232,564	213,047
Gross margin	63,984	80,166	253,641	257,073
Operating (income) expense:
Corporate, district and other	32,709	33,616	107,447	100,998
Intercompany management fee	0	0	0	0
Interest expense	17,585	18,844	60,399	57,384
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	69,200	0	80,883	11,884
Restructuring costs		7,393		7,393
Total operating expense	119,494	59,853	248,729	177,659
Net (loss) income before income taxes	(55,510)	20,313	4,912	79,414
(Benefit) provision for income taxes	(14,673)	10,287	3,220	32,718
Net (loss) income	(40,837)	10,026	1,692	46,696
Equity in net income (loss) of subsidiaries	(40,837)	10,026	1,692	46,696
Subsidiaries | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Subsidiaries | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	2,476	631	6,847	2,799
Intercompany management fee	0	0	0	0
Interest expense	5,811	0	5,811	3,310
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0	0	0	574
Restructuring costs		0		0
Total operating expense	8,287	631	12,658	6,683
Net (loss) income before income taxes	(8,287)	(631)	(12,658)	(6,683)
(Benefit) provision for income taxes	(2,102)	(367)	(3,211)	(2,730)
Net (loss) income	(6,185)	(264)	(9,447)	(3,953)
Equity in net income (loss) of subsidiaries	(47,022)	9,762	(7,755)	42,743
CURO | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(40,837)	10,026	1,692	46,696
CURO | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors
Condensed Income Statements, Captions [Line Items]
Revenue	141,384	123,608	387,826	337,920
Provision for losses	58,514	53,906	140,603	118,042
Net revenue	82,870	69,702	247,223	219,878
Cost of providing services
Salaries and benefits	17,579	17,555	53,668	53,144
Occupancy	7,875	7,849	23,164	23,785
Office	5,586	4,682	15,416	12,168
Other store operating expenses	10,650	10,990	33,934	36,005
Advertising	17,632	12,004	35,200	24,596
Total cost of providing services	59,322	53,080	161,382	149,698
Gross margin	23,548	16,622	85,841	70,180
Operating (income) expense:
Corporate, district and other	20,663	28,142	74,037	71,929
Intercompany management fee	(7,259)	(10,815)	(21,082)	(17,624)
Interest expense	(149)	(98)	(321)	(97)
Intercompany interest (income) expense	(654)	(173)	(913)	(503)
Loss on extinguishment of debt	0	0	0	0
Restructuring costs		0		0
Total operating expense	12,601	17,056	51,721	53,705
Net (loss) income before income taxes	10,947	(434)	34,120	16,475
(Benefit) provision for income taxes	(2,177)	(1,832)	(8,220)	(7,879)
Net (loss) income	13,124	1,398	42,340	24,354
Equity in net income (loss) of subsidiaries	13,124	1,398	42,340	24,354
Reportable Legal Entities | Subsidiary Guarantors | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Guarantors | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors
Condensed Income Statements, Captions [Line Items]
Revenue	53,337	61,293	169,359	164,731
Provision for losses	12,691	19,835	49,388	45,865
Net revenue	40,646	41,458	119,971	118,866
Cost of providing services
Salaries and benefits	8,936	9,266	26,673	26,410
Occupancy	5,647	5,966	17,105	17,636
Office	2,156	1,123	5,383	3,441
Other store operating expenses	1,364	1,773	4,260	4,657
Advertising	6,482	4,266	16,224	11,003
Total cost of providing services	24,585	22,394	69,645	63,147
Gross margin	16,061	19,064	50,326	55,719
Operating (income) expense:
Corporate, district and other	12,824	8,993	33,180	25,500
Intercompany management fee	3,014	4,200	9,789	11,009
Interest expense	(45)	49	7	131
Intercompany interest (income) expense	1,570	1,227	3,613	3,747
Loss on extinguishment of debt	0	0	0	0
Restructuring costs		7,393		7,393
Total operating expense	17,363	21,862	46,589	47,780
Net (loss) income before income taxes	(1,302)	(2,798)	3,737	7,939
(Benefit) provision for income taxes	(1,508)	1,833	2,522	6,266
Net (loss) income	206	(4,631)	1,215	1,673
Equity in net income (loss) of subsidiaries	206	(4,631)	1,215	1,673
Reportable Legal Entities | Subsidiary Non-Guarantors | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Subsidiary Non-Guarantors | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Reportable Legal Entities | Canada SPV
Condensed Income Statements, Captions [Line Items]
Revenue		70,218		193,992
Provision for losses		25,600		62,616
Net revenue		44,618		131,376
Cost of providing services
Salaries and benefits		0		0
Occupancy		0		0
Office		(90)		(90)
Other store operating expenses		228		292
Advertising		0		0
Total cost of providing services		138		202
Gross margin		44,480		131,174
Operating (income) expense:
Corporate, district and other		(3,861)		320
Intercompany management fee		6,615		6,615
Interest expense		3,588		9,976
Intercompany interest (income) expense		0		0
Loss on extinguishment of debt		0		0
Restructuring costs		0		0
Total operating expense		6,342		16,911
Net (loss) income before income taxes		38,138		114,263
(Benefit) provision for income taxes		0		0
Net (loss) income		38,138		114,263
Equity in net income (loss) of subsidiaries		38,138		114,263
Reportable Legal Entities | Canada SPV | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries		0		0
Reportable Legal Entities | Canada SPV | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries		0		0
Reportable Legal Entities | Canada SPV | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries		0		0
Reportable Legal Entities | Canada SPV | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries		0		0
Reportable Legal Entities | Canada SPV | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries		0		0
Reportable Legal Entities | US SPV
Condensed Income Statements, Captions [Line Items]
Revenue	81,889		230,166
Provision for losses	44,742		98,973
Net revenue	37,147		131,193
Cost of providing services
Salaries and benefits	0		0
Occupancy	0		0
Office	0		0
Other store operating expenses	590		1,537
Advertising	0		0
Total cost of providing services	590		1,537
Gross margin	36,557		129,656
Operating (income) expense:
Corporate, district and other	59		136
Intercompany management fee	4,237		11,285
Interest expense	4,004		12,031
Intercompany interest (income) expense	0		0
Loss on extinguishment of debt	0		0
Total operating expense	8,300		23,452
Net (loss) income before income taxes	28,257		106,204
(Benefit) provision for income taxes	0		0
Net (loss) income	28,257		106,204
Equity in net income (loss) of subsidiaries	28,257		106,204
Reportable Legal Entities | US SPV | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | US SPV | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | US SPV | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | US SPV | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | US SPV | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | Canada SPV
Condensed Income Statements, Captions [Line Items]
Revenue	6,394		6,394
Provision for losses	18,576		18,576
Net revenue	(12,182)		(12,182)
Cost of providing services
Salaries and benefits	0		0
Occupancy	0		0
Office	0		0
Other store operating expenses	0		0
Advertising	0		0
Total cost of providing services	0		0
Gross margin	(12,182)		(12,182)
Operating (income) expense:
Corporate, district and other	1		1
Intercompany management fee	8		8
Interest expense	1,272		1,272
Intercompany interest (income) expense	0		0
Loss on extinguishment of debt	0		0
Total operating expense	1,281		1,281
Net (loss) income before income taxes	(13,463)		(13,463)
(Benefit) provision for income taxes	0		0
Net (loss) income	(13,463)		(13,463)
Equity in net income (loss) of subsidiaries	(13,463)		(13,463)
Reportable Legal Entities | Canada SPV | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | Canada SPV | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | Canada SPV | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | Canada SPV | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Reportable Legal Entities | Canada SPV | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0		0
Eliminations
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	0	0	0	0
Intercompany management fee	0	0	0	0
Interest expense	0	0	0	0
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0	0	0	0
Restructuring costs		0		0
Total operating expense	0	0	0	0
Net (loss) income before income taxes	0	0	0	0
(Benefit) provision for income taxes	0	0	0	0
Net (loss) income	0	0	0	0
Equity in net income (loss) of subsidiaries	40,837	(10,026)	(1,692)	(46,696)
Eliminations | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	40,837	(10,026)	(1,692)	(46,696)
Eliminations | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenue		0		0
Provision for losses		0		0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	0	0	0	0
Intercompany management fee	0	0	0	0
Interest expense	0	0	0	0
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	0	0	0	0
Restructuring costs		0		0
Total operating expense	0	0	0	0
Net (loss) income before income taxes	0	0	0	0
(Benefit) provision for income taxes	0	0	0	0
Net (loss) income	0	0	0	0
Equity in net income (loss) of subsidiaries	6,207	(18,151)	6,388	(70,128)
Eliminations | Subsidiaries | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
Eliminations | Subsidiaries | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	6,074	16,754	36,480	70,162
Eliminations | Subsidiaries | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(13,124)	(1,398)	(42,340)	(24,354)
Eliminations | Subsidiaries | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(206)	4,631	(1,215)	(1,673)
Eliminations | Subsidiaries | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	13,463	(38,138)	13,463	(114,263)
CFTC | Reportable Legal Entities | Subsidiary Issuer
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	(886)	327	20	3,304
Intercompany management fee	0	0	0	0
Interest expense	12,503	15,305	47,410	37,761
Intercompany interest (income) expense	0	0	0	0
Loss on extinguishment of debt	69,200	0	80,883	0
Restructuring costs		0		0
Total operating expense	80,817	15,632	128,313	41,065
Net (loss) income before income taxes	(80,817)	(15,632)	(128,313)	(41,065)
(Benefit) provision for income taxes	(17,930)	(7,507)	(30,189)	(17,633)
Net (loss) income	(62,887)	(8,125)	(98,124)	(23,432)
Equity in net income (loss) of subsidiaries	(69,094)	10,026	(104,512)	46,696
CFTC | Reportable Legal Entities | Subsidiary Issuer | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CFTC | Reportable Legal Entities | Subsidiary Issuer | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(6,074)	(16,754)	(36,480)	(70,162)
CFTC | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	13,124	1,398	42,340	24,354
CFTC | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	206	(4,631)	1,215	1,673
CFTC | Reportable Legal Entities | Subsidiary Issuer | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	(13,463)	38,138	(13,463)	114,263
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer
Condensed Income Statements, Captions [Line Items]
Revenue	0	0	0	0
Provision for losses	0	0	0	0
Net revenue	0	0	0	0
Cost of providing services
Salaries and benefits	0	0	0	0
Occupancy	0	0	0	0
Office	0	0	0	0
Other store operating expenses	0	0	0	0
Advertising	0	0	0	0
Total cost of providing services	0	0	0	0
Gross margin	0	0	0	0
Operating (income) expense:
Corporate, district and other	48	15	73	(55)
Intercompany management fee	0	0	0	0
Interest expense	0	0	0	9,613
Intercompany interest (income) expense	(916)	(1,054)	(2,700)	(3,244)
Loss on extinguishment of debt	0	0	0	11,884
Restructuring costs		0		0
Total operating expense	(868)	(1,039)	(2,627)	18,198
Net (loss) income before income taxes	868	1,039	2,627	(18,198)
(Benefit) provision for income taxes	6,942	17,793	39,107	51,964
Net (loss) income	(6,074)	(16,754)	(36,480)	(70,162)
Equity in net income (loss) of subsidiaries	(6,074)	(16,754)	(36,480)	(70,162)
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | CFTC
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | CURO Intermediate
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | Subsidiary Non-Guarantors
Operating (income) expense:
Equity in net income (loss) of subsidiaries	0	0	0	0
CURO Intermediate | Reportable Legal Entities | Subsidiary Issuer | Canada SPV
Operating (income) expense:
Equity in net income (loss) of subsidiaries	$ 0	$ 0	$ 0	$ 0

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION - Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities
Net cash (used) provided	$ (72,601)	$ 29,412
Cash flows from investing activities
Purchase of property, equipment and software	(8,200)	(7,917)
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	(12,284)	(3,360)
Net cash used in investing activities	(21,442)	(16,252)
Cash flows from financing activities
Proceeds from credit facilities	65,169
Payments on credit facilities	(36,169)
Net proceeds from issuance of common stock	11,549	0
Proceeds from exercise of stock options	408	0
Payments on 12.00% Senior Cash Pay Notes	0	(125,000)
Payments of call premiums from early debt extinguishments	(63,350)	(11,152)
Dividends (paid) received		(36,500)
Debt issuance costs paid	(17,517)	(14,222)
Net cash provided by (used in) financing activities	90,449	(115,555)
Effect of exchange rate changes on cash	(5,419)	4,415
Net decrease in cash	(9,013)	(97,980)
Cash at beginning of period	162,374	193,525
Cash at end of period	153,361	95,545
Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	17,000
Payments on credit facilities	(61,590)
Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	89,949
12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0	461,329
Payments on Senior Secured Notes	(605,000)	0
8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	690,000	0
10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes	0	(414,882)
Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		52,130
Payments on credit facilities		(27,258)
Revolving Credit Facility | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	17,000	52,130
Payments on credit facilities	(61,590)	(27,258)
Revolving Credit Facility | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	89,949	0
Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities	65,169	33,028
Payments on credit facilities	(36,169)	(33,028)
Eliminations
Cash flows from operating activities
Net cash (used) provided	0	0
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments	0	0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash provided by (used in) financing activities	0	0
Effect of exchange rate changes on cash	0	0
Net decrease in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
Eliminations | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Eliminations | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Eliminations | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		0
Payments on Senior Secured Notes	0
Eliminations | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
Eliminations | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Eliminations | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Eliminations | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Subsidiary Guarantors | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	5,234	(65,982)
Cash flows from investing activities
Purchase of property, equipment and software	(6,466)	(6,183)
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	(5)	(3,939)
Net cash used in investing activities	(6,471)	(10,122)
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments	0	0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash provided by (used in) financing activities	0	0
Effect of exchange rate changes on cash	0	0
Net decrease in cash	(1,237)	(76,104)
Cash at beginning of period	117,379	124,942
Cash at end of period	116,142	48,838
Subsidiary Guarantors | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Subsidiary Guarantors | Reportable Legal Entities | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Subsidiary Guarantors | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		0
Payments on Senior Secured Notes	0
Subsidiary Guarantors | Reportable Legal Entities | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
Subsidiary Guarantors | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Subsidiary Guarantors | Reportable Legal Entities | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Subsidiary Guarantors | Reportable Legal Entities | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Subsidiary Non-Guarantors | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	(4,640)	(25,579)
Cash flows from investing activities
Purchase of property, equipment and software	(1,734)	(1,734)
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	(5)	120
Net cash used in investing activities	(1,739)	(1,614)
Cash flows from financing activities
Proceeds from credit facilities	26,169
Payments on credit facilities	(26,169)
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments	0	0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash provided by (used in) financing activities	0	0
Effect of exchange rate changes on cash	(1,317)	3,783
Net decrease in cash	(7,696)	(23,410)
Cash at beginning of period	44,915	63,779
Cash at end of period	37,219	40,369
Subsidiary Non-Guarantors | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Subsidiary Non-Guarantors | Reportable Legal Entities | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Subsidiary Non-Guarantors | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		0
Payments on Senior Secured Notes	0
Subsidiary Non-Guarantors | Reportable Legal Entities | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
Subsidiary Non-Guarantors | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Subsidiary Non-Guarantors | Reportable Legal Entities | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Subsidiary Non-Guarantors | Reportable Legal Entities | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		8,028
Payments on credit facilities		(8,028)
Canada SPV | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided		(21,384)
Cash flows from investing activities
Purchase of property, equipment and software		0
Cash paid for Cognical Holdings preferred shares		0
Changes in restricted cash		0
Net cash used in investing activities		0
Cash flows from financing activities
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments		0
Dividends (paid) received		0
Debt issuance costs paid		0
Net cash provided by (used in) financing activities		24,872
Effect of exchange rate changes on cash		0
Net decrease in cash		3,488
Cash at beginning of period	0	2,770
Cash at end of period		6,258
Canada SPV | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		0
Canada SPV | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Canada SPV | Reportable Legal Entities | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		52,130
Payments on credit facilities		(27,258)
Canada SPV | Reportable Legal Entities | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
US SPV | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	44,653
Cash flows from investing activities
Purchase of property, equipment and software
Cash paid for Cognical Holdings preferred shares
Changes in restricted cash	(63)
Net cash used in investing activities	(63)
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock
Proceeds from exercise of stock options
Payments of call premiums from early debt extinguishments	0
Debt issuance costs paid
Net cash provided by (used in) financing activities	(44,590)
Effect of exchange rate changes on cash	0
Net decrease in cash	0
Cash at beginning of period	0
Cash at end of period	0
US SPV | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	17,000
Payments on credit facilities	(61,590)
US SPV | Reportable Legal Entities | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
US SPV | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes
US SPV | Reportable Legal Entities | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
Canada SPV | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	(73,278)
Cash flows from investing activities
Purchase of property, equipment and software	0
Cash paid for Cognical Holdings preferred shares	0
Changes in restricted cash	(12,211)
Net cash used in investing activities	(12,211)
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments of call premiums from early debt extinguishments	0
Debt issuance costs paid	(4,527)
Net cash provided by (used in) financing activities	85,422
Effect of exchange rate changes on cash	67
Net decrease in cash	0
Cash at beginning of period	0
Cash at end of period	0
Canada SPV | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Canada SPV | Reportable Legal Entities | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	89,949
Canada SPV | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes	0
Canada SPV | Reportable Legal Entities | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
Subsidiaries
Cash flows from operating activities
Net cash (used) provided	604,606	34,495
Cash flows from investing activities
Purchase of property, equipment and software	(8,200)	(7,917)
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	(12,284)	(3,360)
Net cash used in investing activities	(21,442)	(16,252)
Cash flows from financing activities
Proceeds from credit facilities	65,169
Payments on credit facilities	(36,169)
Net proceeds from issuance of common stock	11,549
Proceeds from exercise of stock options	408
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments	(63,350)	(11,152)
Dividends (paid) received		(166,583)
Debt issuance costs paid	(4,644)	(14,222)
Net cash provided by (used in) financing activities	(586,678)	(120,638)
Effect of exchange rate changes on cash	(5,419)	4,415
Net decrease in cash	(8,933)	(97,980)
Cash at beginning of period	162,294	193,445
Cash at end of period	153,361	95,465
Subsidiaries | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	17,000
Payments on credit facilities	(61,590)
Subsidiaries | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	89,949
Subsidiaries | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		461,329
Payments on Senior Secured Notes	(605,000)
Subsidiaries | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
Subsidiaries | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		(414,882)
Subsidiaries | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		52,130
Payments on credit facilities		(27,258)
Subsidiaries | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		33,028
Payments on credit facilities		(33,028)
Subsidiaries | Eliminations
Cash flows from operating activities
Net cash (used) provided	4,169	(632)
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments	0	0
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash provided by (used in) financing activities	0	0
Effect of exchange rate changes on cash	(4,169)	632
Net decrease in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
Subsidiaries | Eliminations | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Subsidiaries | Eliminations | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Subsidiaries | Eliminations | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		0
Payments on Senior Secured Notes	0
Subsidiaries | Eliminations | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
Subsidiaries | Eliminations | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
Subsidiaries | Eliminations | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
Subsidiaries | Eliminations | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
CURO
Cash flows from operating activities
Net cash (used) provided	(677,207)	(5,083)
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on 12.00% Senior Cash Pay Notes		(125,000)
Payments of call premiums from early debt extinguishments	0	0
Dividends (paid) received		130,083
Debt issuance costs paid	(12,873)	0
Net cash provided by (used in) financing activities	677,127	5,083
Effect of exchange rate changes on cash	0	0
Net decrease in cash	(80)	0
Cash at beginning of period	80	80
Cash at end of period	0	80
CURO | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
CURO | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
CURO | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		0
Payments on Senior Secured Notes	0
CURO | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	690,000
CURO | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
CURO | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
CURO | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
CFTC | Subsidiary Issuer | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	628,468	(275,549)
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	(958)	(4,975)
Changes in restricted cash	0	0
Net cash used in investing activities	(958)	(4,975)
Cash flows from financing activities
Proceeds from credit facilities	39,000
Payments on credit facilities	(10,000)
Net proceeds from issuance of common stock	11,549
Proceeds from exercise of stock options	408
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments	(63,350)	0
Dividends (paid) received		(166,583)
Debt issuance costs paid	(117)	(14,222)
Net cash provided by (used in) financing activities	(627,510)	280,524
Effect of exchange rate changes on cash	0	0
Net decrease in cash	0	0
Cash at beginning of period	0	0
Cash at end of period	0	0
CFTC | Subsidiary Issuer | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
CFTC | Subsidiary Issuer | Reportable Legal Entities | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
CFTC | Subsidiary Issuer | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		461,329
Payments on Senior Secured Notes	(605,000)
CFTC | Subsidiary Issuer | Reportable Legal Entities | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	0
CFTC | Subsidiary Issuer | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		0
CFTC | Subsidiary Issuer | Reportable Legal Entities | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
CFTC | Subsidiary Issuer | Reportable Legal Entities | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		25,000
Payments on credit facilities		(25,000)
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities
Cash flows from operating activities
Net cash (used) provided	0	423,621
Cash flows from investing activities
Purchase of property, equipment and software	0	0
Cash paid for Cognical Holdings preferred shares	0	0
Changes in restricted cash	0	459
Net cash used in investing activities	0	459
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
Net proceeds from issuance of common stock	0
Proceeds from exercise of stock options	0
Payments on 12.00% Senior Cash Pay Notes		0
Payments of call premiums from early debt extinguishments	0	(11,152)
Dividends (paid) received		0
Debt issuance costs paid	0	0
Net cash provided by (used in) financing activities	0	(426,034)
Effect of exchange rate changes on cash	0	0
Net decrease in cash	0	(1,954)
Cash at beginning of period	0	1,954
Cash at end of period	0	0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | Non-Recourse U.S. SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
Payments on credit facilities	0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | Non-Recourse Canada SPV Facility
Cash flows from financing activities
Proceeds from credit facilities	0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | 12% Senior Secured Notes
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes		0
Payments on Senior Secured Notes	0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | 8.25% Senior Notes Due 2025
Cash flows from financing activities
Proceeds from issuance of Senior Secured Notes	$ 0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | 10.75% Senior Secured Notes
Cash flows from financing activities
Payments on Senior Secured Notes		(414,882)
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | Revolving Credit Facility
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		0
CURO Intermediate | Subsidiary Issuer | Reportable Legal Entities | Revolving Credit Facility | Senior Revolver | Line of Credit
Cash flows from financing activities
Proceeds from credit facilities		0
Payments on credit facilities		$ 0

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SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 26, 2018	Oct. 31, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Subsequent Event [Line Items]
Loss on extinguishment of debt			$ 69,200	$ 0	$ 80,883	$ 12,458
Early termination fee					$ 63,350	$ 11,152
Secured Debt | Non-Recourse U.S. SPV Facility | Subsequent Event
Subsequent Event [Line Items]
Extinguishment of debt	$ 2,700	$ 80,000
Loss on extinguishment of debt	9,700
Early termination fee	4,500
Net deferred financing costs	3,400
Make whole premium	$ 1,800