Finance Receivables, Credit Quality Information (Tables)

12 Months Ended

Dec. 31, 2019

Finance Receivables, Credit Quality Information

Schedule of finance receivables representing amounts due from customers for advances

	December 31,		December 31,
	2019		2018
Short-term consumer loans:
Secured	$	8,774	$	6,908
Unsecured		53,199		46,871
Total short-term consumer loans		61,973		53,779
Medium-term consumer loans
Secured		5,612		4,936
Unsecured		30,745		31,093
Total medium-term consumer loans		36,357		36,029
Total gross receivables		98,330		89,808
Unearned advance fees, net of deferred loan origination costs		(2,507)		(1,970)
Finance receivables before allowance for loan losses		95,823		87,838
Allowance for loan losses		(13,828)		(3,474)
Finance receivables, net	$	81,995	$	84,364
Finance receivables, net
Current portion	$	79,692	$	81,093
Non-current portion		2,303		3,271
Total finance receivables, net	$	81,995	$	84,364

Schedule of changes in the allowance for loan losses by product type

Changes in the allowance for loan losses by product type for the Successor year ended December 31, 2019, are as follows:

													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2019		Provision		Charge-Offs		Recoveries		12/31/2019		12/31/2019		of receivable
Short-term consumer loans	$	2,018	$	38,987	$	(72,550)	$	34,199	$	2,654	$	61,973	4.28	%
Medium-term consumer loans		1,456		30,492		(24,517)		3,743		11,174		36,357	30.73	%
	$	3,474	$	69,479	$	(97,067)	$	37,942	$	13,828	$	98,330	14.06	%

Changes in the allowance for the loan losses by product type for the Successor period ended December 31, 2018 are as follows:

													Allowance as
	Balance								Balance		Receivables		a percentage
	12/13/2018		Provision		Charge-Offs		Recoveries		12/31/2018		12/31/2018		of receivables
Short-term consumer loans	$	—	$	1,180	$	(1,038)	$	1,876	$	2,018	$	53,779	3.75	%
Medium-term consumer loans		—		799		—		657		1,456		36,029	4.04	%
	$	—	$	1,979	$	(1,038)	$	2,533	$	3,474	$	89,808	3.87	%

Changes in the allowance for the loan losses by product type for the Predecessor period ended December 12, 2018 are as follows:

													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2018		Provision		Charge-Offs		Recoveries		12/12/2018		12/12/2018		of receivables
Short-term consumer loans	$	2,697	$	38,012	$	(69,716)	$	31,825	$	2,818	$	60,780	4.64	%
Medium-term consumer loans		13,630		29,815		(33,911)		4,027		13,561		40,600	33.40	%
	$	16,327	$	67,827	$	(103,627)	$	35,852	$	16,379	$	101,380	16.16	%

Changes in the allowance for the loan losses by product type for the Predecessor year ended December 31, 2017 are as follows:

													Allowance as
	Balance								Balance		Receivables		a percentage
	1/1/2017		Provision		Charge-Offs		Recoveries		12/31/2017		12/31/2017		of receivable
Short-term consumer loans	$	2,223	$	46,240	$	(91,072)	$	45,306	$	2,697	$	66,465	4.06	%
Medium-term consumer loans		13,996		51,329		(57,263)		5,568		13,630		46,903	29.06	%
	$	16,219	$	97,569	$	(148,335)	$	50,874	$	16,327	$	113,368	14.40	%

Schedule of changes in the accrual for third-party lender losses

	December 31,		December 31,		December 12,		December 31,
	2019		2018		2018		2017
	Successor		Successor		Predecessor		Predecessor
Short-term balance, beginning of period	$	4,454	$	4,379	$	4,571	$	2,907
Provision for loan losses		9,278		947		24,045		32,277
Charge-offs, net		(12,428)		(872)		(24,237)		(30,613)
Short-term balance, end of period	$	1,304	$	4,454	$	4,379	$	4,571
Medium-term balance, beginning of period	$	59	$	62	$	247	$	192
Provision for loan losses		7,648		-		213		389
Charge-offs, net		(6,441)		(3)		(398)		(334)
Medium-term balance, end of period	$	1,266	$	59	$	62	$	247
Total balance, beginning of period	$	4,513	$	4,441	$	4,818	$	3,099
Provision for loan losses		16,926		947		24,258		32,666
Charge-offs, net		(18,869)		(875)		(24,635)		(30,947)
Total balance, end of period	$	2,570	$	4,513	$	4,441	$	4,818

Schedule of changes in accrual for debt buyer liability

	Year Ended
	December 31,
	2019
Balance, beginning of period	$	-
Provision for loan losses		10,573
Charge-offs, net		(7,099)
Balance, end of period	$	3,474

Schedule of aging of receivables

	December 31, 2019				December 31, 2018
Current finance receivables	$	86,935	88.4	%	$	81,097	90.3	%
Past due finance receivables (1 - 30 days)
Secured short-term consumer loans		1,513	1.5	%		629	0.7	%
Unsecured short-term consumer loans		1,132	1.2	%		449	0.5	%
Short-term consumer loans		2,645	2.7	%		1,078	1.2	%
Secured medium-term consumer loans		1,321	1.3	%		898	1.0	%
Unsecured medium-term consumer loans		4,241	4.3	%		3,772	4.2	%
Medium-term consumer loans		5,562	5.7	%		4,670	5.2	%
Total past due finance receivables (1 - 30 days)		8,207	8.4	%		5,748	6.4	%
Past due finance receivables (31 - 60 days)
Secured medium-term consumer loans		461	0.5	%		269	0.3	%
Unsecured medium-term consumer loans		2,373	2.4	%		2,425	2.7	%
Medium-term consumer loans		2,834	2.9	%		2,694	3.0	%
Total past due finance receivables (31 - 60 days)		2,834	2.9	%		2,694	3.0	%
Past due finance receivables (61 + days)
Secured medium-term consumer loans		10	-	%		18	-	%
Unsecured medium-term consumer loans		344	0.3	%		251	0.3	%
Medium-term consumer loans		354	0.3	%		269	0.3	%
Total past due finance receivables (61 + days)		354	0.3	%		269	0.3	%
Total delinquent		11,395	11.6	%		8,711	9.7	%
Total finance receivables	$	98,330	100.0	%	$	89,808	100.0	%
Finance receivables in non-accrual status	$	1,560	1.6	%	$	1,598	1.8	%