Finance Receivables Amounts Entering TDR Status (Tables)

6 Months Ended

Jun. 30, 2013

Financing Receivable, Modifications [Line Items]

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

The outstanding recorded investment for consumer finance receivables that are considered to be TDRs and the related allowance is presented below (in millions):

	June 30, 2013			December 31, 2012
Outstanding recorded investment	$	471		$	228
Less: allowance for loan losses	(71		)	(32		)
Outstanding recorded investment, net of allowance	$	400		$	196
Unpaid principal balance	$	479		$	232

Finance charge income from loans classified as TDRs is accounted for in the same manner as other accruing loans. Cash collections on these loans are allocated according to the same payment hierarchy methodology applied to loans that are not classified as TDRs. Additional information about loans classified as TDRs is presented below (in millions):

	Three Months Ended				Six Months Ended
	June 30,
	2013		2012		2013		2012
Average recorded investment	$	403	$	53	$	345	$	51
Interest income recognized	15		1		25		1

The following table provides information on the recorded investment of consumer loans at the time they became classified as TDRs (dollars in millions):

	June 30,
	2013			2012
	Number of Accounts	Amount		Number of Accounts	Amount
Three months ended June 30	8,966	$	164	2,060	$	39
Six months ended June 30	15,948	290		2,709	52

A redefault is when an account meets the requirements for evaluation under our charge-off policy (See Note 1 - "Summary of Significant Accounting Policies" to the Consolidated Financial Statements in our 2012 Annual Report on Form 10-K for additional information).

The unpaid principal balance, net of recoveries, of loans that redefaulted during the reporting period and were within 12 months or less of being modified as a TDR were $5 million and $10 million for the three and six months ended June 30, 2013.