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5. Debt

9 Months Ended

Sep. 30, 2012

(5) Debt

The terms and amounts of our other debt outstanding at September 30, 2012 and December 31, 2011 are summarized below:

			Amount Outstanding at
			September 30,		December 31,
			2012		2011
			(In thousands)
Description	Interest Rate	Maturity

Residual interest financing	12.875% over one month Libor	September 2013	$	13,773	$	21,884

Senior secured debt, related party	14.00%	February 2012		–		5,000
	14.00%	June 2012		–		1,200
	14.00%	October 2012		5,000		5,000
	16.00%	December 2013		49,452		47,144

Subordinated renewable notes	Weighted average rate of 14.5% and 14.6% at September 30, 2012 and December 31, 2011, respectively	Weighted average maturity of March 2015 and August 2014 at September 30, 2012 and December 31, 2011, respectively		21,525		20,750

Debt secured by receivables measured at fair value	8.00%	Repayment is based on payments from underlying receivables. Final payment is expected in July 2013		76,630		166,828


			$	166,380	$	267,806

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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