Member Cash Advances, Net (Tables)

3 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Summary of Member Cash Advances, Net

Below is a detail of Member cash advances, net as of March 31, 2023 (in thousands):

Days From Origination	Gross Member Advances		Allowance for Credit Losses			Member Advances, Net
1-10	$	69,224	$	(1,912	)	$	67,312
11-30		10,497		(2,583	)		7,914
31-60		6,535		(3,995	)		2,540
61-90		5,603		(4,211	)		1,392
91-120		5,667		(4,664	)		1,003
Total	$	97,526	$	(17,365	)	$	80,161

Below is a detail of Member cash advances, net as of December 31, 2022 (in thousands):

Days From Origination	Gross Member Advances		Allowance for Credit Losses			Member Advances, Net
1-10	$	91,121	$	(2,224	)	$	88,897
11-30		10,683		(2,582	)		8,101
31-60		9,022		(5,529	)		3,493
61-90		8,865		(6,702	)		2,163
91-120		8,993		(7,464	)		1,529
Total	$	128,684	$	(24,501	)	$	104,183

Summary of Allowance for Credit Losses

The roll-forward of the allowance for credit losses is as follows (in thousands):

Opening allowance balance at January 1, 2023	$	24,501
Plus: provision for credit losses		11,953
Less: amounts written-off		(19,089	)
Ending allowance balance at March 31, 2023	$	17,365
Opening allowance balance at January 1, 2022	$	11,995
Plus: provision for credit losses		13,785
Less: amounts written-off		(9,440	)
Ending allowance balance at March 31, 2022	$	16,340