Finance Receivables Finance Receivables (Tables)

9 Months Ended

Sep. 30, 2012

Finance receivables, net [Table Text Block]

Finance receivables consist of the following (in thousands):



Consumer	September 30, 2012			December 31, 2011
Pre-acquisition consumer finance receivables - outstanding balance	$	2,597,182		$	4,366,075
Pre-acquisition consumer finance receivables - carrying value	$	2,349,536		$	4,027,361
Post-acquisition consumer finance receivables, net of fees	8,255,453			5,313,899
	10,604,989			9,341,260
Less: allowance for loan losses on post-acquisition consumer finance receivables	(291,049		)	(178,768		)
Total consumer finance receivables, net	10,313,940			9,162,492
Commercial
Commercial finance receivables, net of fees	284,413
Less: allowance for loan losses
Total commercial finance receivables, net	284,413
Total finance receivables, net	$	10,598,353		$	9,162,492

Finance Receivables Summary [Table Text Block]

Consumer Finance Receivables

A summary of our consumer finance receivables is as follows (in thousands):



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Pre-acquisition consumer finance receivables - carrying value, beginning of period	$	2,812,205		$	5,471,957		$	4,027,361		$	7,299,963
Post-acquisition consumer finance receivables, net of fees - beginning of period	7,340,242			3,222,584			5,313,899			923,713
	10,152,447			8,694,541			9,341,260			8,223,676
Loans purchased	1,477,860			1,358,115			4,363,019			3,845,258
Charge-offs	(82,255		)	(20,246		)	(186,054		)	(28,793		)
Principal collections and other	(916,794		)	(875,993		)	(2,768,273		)	(2,588,178		)
Change in carrying value adjustment on the pre-acquisition finance receivables	(26,269		)	(87,125		)	(144,963		)	(382,671		)
Balance at end of period	$	10,604,989		$	9,069,292		$	10,604,989		$	9,069,292

Accretable Yield [Table Text Block]

A summary of the accretable yield is as follows (in thousands):



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Balance at beginning of period	$	627,689		$	1,072,416		$	737,464		$	1,201,178
Accretion of accretable yield	(122,217		)	(192,528		)	(401,626		)	(574,956		)
Transfer from non-accretable discount				7,270			169,634			260,936
Balance at end of period	$	505,472		$	887,158		$	505,472		$	887,158

Allowance for Credit Losses on Financing Receivables [Table Text Block]

A summary of the allowance for loan losses is as follows (in thousands):



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Balance at beginning of period	$	249,350		$	107,526		$	178,768		$	26,352
Provision for loan losses	78,166			50,941			188,596			134,935
Charge-offs	(82,255		)	(20,246		)	(186,054		)	(28,793		)
Recoveries	45,788			13,101			109,739			18,828
Balance at end of period	$	291,049		$	151,322		$	291,049		$	151,322

Financing Receivable Credit Quality Indicators [Table Text Block]

A summary of the credit risk profile by FICO score band of the consumer finance receivables, determined at origination, is as follows (in thousands):



	September 30, 2012		December 31, 2011
FICO Score less than 540	$	2,874,389	$	2,133,361
FICO Score 540 to 599	4,889,959		4,166,988
FICO Score 600 to 659	2,568,517		2,623,882
FICO Score greater than 660	519,770		755,743
Balance at end of period^(a)	$	10,852,635	$	9,679,974

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(a) Balance at end of period is the sum of pre-acquisition consumer finance receivables - outstanding balance and post-acquisition consumer finance receivables, net of fees.

Past Due Financing Receivables [Table Text Block]

Delinquency

A consumer account is considered delinquent if a substantial portion of a scheduled payment has not been received by the date such payment was contractually due. The following is a summary of the contractual amounts of consumer finance receivables, which is not materially different than recorded investment, that are (i) more than 30 days delinquent, but not yet in repossession, and (ii) in repossession, but not yet charged-off (dollars in thousands):



	September 30, 2012				September 30, 2011
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
Delinquent contracts:
31 to 60 days	$	561,437	5.2	%	$	441,069	4.7	%
Greater than 60 days	204,029		1.9		164,357		1.7
	765,466		7.1		605,426		6.4
In repossession	37,467		0.3		34,230		0.4
	$	802,933	7.4	%	$	639,656	6.8	%