10-Q

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)
ý	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2015
o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to                to

Commission File Number: 001-35537

COMMUNITY CHOICE FINANCIAL INC.
(Exact name of registrant as specified in its charter)

Ohio (State or other jurisdiction of incorporation or organization)	45-1536453 (IRS Employer Identification No.)
6785 Bobcat Way, Suite 200, Dublin, Ohio (Address of principal executive offices)	43016 (Zip Code)

(614) 798-5900
(Registrant's telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

        Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý    No o

        Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý    No o

        Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer o Accelerated filer o Non-accelerated filer ý
(Do not check if a
smaller reporting company) Smaller reporting company o

        Indicate by check mark whether the registrant is a shell company (as defined in Rule 12-b-2 of the Act.) Yes o    No ý

        There is no market for the registrant's equity. As of September 30, 2015, there were 8,981,536 shares outstanding.

Community Choice Financial Inc. and Subsidiaries

Form 10-Q for the Quarterly Period Ended September 30, 2015

Table of Contents

		Page
	Financial Information
Item 1.	Financial Statements
	Consolidated Balance Sheets as of September 30, 2015 (unaudited) and December 31, 2014		3
	Consolidated Statements of Operations for the three months and nine months ended September 30, 2015 (unaudited) and September 30, 2014 (unaudited)		4
	Consolidated Statements of Stockholders' Equity for the nine months ended September 30, 2015 (unaudited)		5
	Consolidated Statements of Cash Flows for the nine months ended September 30, 2015 (unaudited) and September 30, 2014 (unaudited)		6
	Notes to unaudited Consolidated Financial Statements		7 - 29
Item 2.	Management's Discussion and Analysis of Financial Condition and Result of Operations		30 - 49
Item 3.	Quantitative and Qualitative Disclosures about Market Risk		49
Item 4.	Controls and Procedures		49
Part II	Other Information
Item 1.	Legal Proceedings		50
Item 1A.	Risk Factors		50
Item 6.	Exhibits		50
	Signatures		51

2

Community Choice Financial Inc. and Subsidiaries

Consolidated Balance Sheets

September 30, 2015 and December 31, 2014

(In thousands, except per share data)

	September 30, 2015			December 31, 2014
	(unaudited)
Assets
Current Assets
Cash and cash equivalents	$	104,194		$	77,734
Restricted cash		4,384			3,877
Finance receivables, net of allowance for loan losses of $24,797 and $22,775		129,037			140,418
Short-term investments, certificates of deposit		1,115			1,115
Card related pre-funding and receivables		1,931			2,606
Other current assets		25,683			25,840
Deferred tax asset, net		12,770			12,770
Total current assets		279,114			264,360
Noncurrent Assets
Finance receivables, net of allowance for loan losses of $6,334 and $7,588		14,077			19,251
Property, leasehold improvements and equipment, net		46,512			39,635
Goodwill		221,101			222,565
Other intangible assets		2,192			3,545
Security deposits		3,156			2,653
Deferred tax asset, net		26,546			17,052
Deferred debt issuance costs		8,351			9,328
Total assets	$	601,049		$	578,389
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of capital lease obligation	$	1,400		$	1,166
Current portion of related party Florida seller notes		10,797			2,786
Current portion of subsidiary notes payable		213			383
Deferred revenue		3,084			2,993
Accrued interest		19,780			8,189
Money orders payable		7,580			9,090
Accounts payable and accrued liabilities		34,388			36,376
Total current liabilities		77,242			60,983
Noncurrent Liabilities
Lines of credit		27,200			—
Subsidiary notes payable		35,954			33,754
Capital lease obligation		1,547			1,806
Stock repurchase obligation		4,250			4,130
Related party Florida seller notes		—			9,346
Lease termination payable		1,614			—
Senior secured notes		420,000			420,000
Deferred revenue		743			2,982
Total liabilities		568,550			533,001
Commitments and Contingencies
Stockholders' Equity
Preferred stock, par value $.01 per share, 3,000 shares authorized, no shares issued and outstanding		—			—
Common stock, par value $.01 per share, 300,000 authorized shares and 8,982 outstanding shares at September 30, 2015 and December 31, 2014		90			90
Additional paid-in capital		128,216			127,729
Retained deficit		(95,807	)		(82,431	)
Total stockholders' equity		32,499			45,388
Total liabilities and stockholders' equity	$	601,049		$	578,389

See Notes to Unaudited Consolidated Financial Statements.

3

Community Choice Financial Inc. and Subsidiaries

Consolidated Statements of Operations

Three Months and Nine Months Ended September 30, 2015 and 2014

(In thousands)

(Unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenues:
Finance receivable fees	$	86,093		$	98,572		$	249,122		$	266,678
Credit service fees		28,045			7,514			80,979			20,034
Check cashing fees		15,516			20,818			48,954			62,435
Card fees		2,142			2,077			6,625			5,407
Other		5,792			7,004			18,606			20,773
Total revenues		137,588			135,985			404,286			375,327
Operating expenses:
Salaries and benefits		19,722			18,918			60,858			55,491
Provision for loan losses		60,378			55,584			152,204			129,866
Occupancy		7,572			7,462			22,868			21,825
Advertising and marketing		6,662			5,486			18,965			13,088
Lease termination costs		2,628			—			3,454			—
Depreciation and amortization		2,578			2,293			7,462			6,250
Other		15,534			13,987			44,371			39,541
Total operating expenses		115,074			103,730			310,182			266,061
Operating gross profit		22,514			32,255			94,104			109,266
Corporate and other expenses
Corporate expenses		24,201			20,932			66,722			60,495
Depreciation and amortization		1,325			1,521			4,135			4,389
Interest expense, net		15,319			14,272			44,678			40,969
Market value of stock repurchase obligation		(890	)		2,512			120			2,472
Total corporate and other expenses		39,955			39,237			115,655			108,325
Income (loss) from continuing operations, before tax		(17,441	)		(6,982	)		(21,551	)		941
Provision (benefit) for income taxes		(6,536	)		(2,530	)		(8,175	)		696
Income (loss) from continuing operations, net of tax		(10,905	)		(4,452	)		(13,376	)		245
Discontinued operations (net of provision for income taxes of $-0-, $-0-, $-0-, and $1,422)		—			—			—			(4,585	)
Net loss		(10,905	)		(4,452	)		(13,376	)		(4,340	)
Net loss attributable to non-controlling interests		—			—			—			(297	)
Net loss attributable to controlling interests	$	(10,905	)	$	(4,452	)	$	(13,376	)	$	(4,043	)
Amounts attributable to Community Choice Financial shareholders:
Net income (loss) from continuing operations, net of tax	$	(10,905	)	$	(4,452	)	$	(13,376	)	$	245
Discontinued operations, net of tax		—			—			—			(4,288	)
Net loss attributable to Community Choice Financial shareholders	$	(10,905	)	$	(4,452	)	$	(13,376	)	$	(4,043	)

See Notes to Unaudited Consolidated Financial Statements.

4

Community Choice Financial Inc. and Subsidiaries

Consolidated Statements of Stockholders' Equity

Nine Months Ended September 30, 2015

(Dollars in thousands)

(Unaudited)

	Common Stock
					Additional Paid-In Capital		Retained Deficit
	Shares		Amount							Total
Balance, December 31, 2014		8,981,536	$	90	$	127,729	$	(82,431	)	$	45,388
Stock-based compensation expense		—		—		487		—			487
Net loss		—		—		—		(13,376	)		(13,376	)
Balance, September 30, 2015		8,981,536	$	90	$	128,216	$	(95,807	)	$	32,499

See Notes to Unaudited Consolidated Financial Statements.

5

Community Choice Financial Inc. and Subsidiaries

Consolidated Statements of Cash Flows

Nine months Ended September 30, 2015 and 2014

(In thousands)

(Unaudited)

	Nine Months Ended September 30,
	2015			2014
Cash flows from operating activities
Net loss	$	(13,376	)	$	(4,340	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision for loan losses		152,204			129,866
Loss on deconsolidation of Insight Holdings		—			4,585
(Gain) Loss on disposal of assets		991			(48	)
Depreciation		10,109			8,073
Amortization of note discount and deferred debt issuance costs		2,244			1,967
Amortization of intangibles		1,488			3,706
Deferred income taxes		(7,796	)		1,337
Change in fair value of stock repurchase obligation		120			2,472
Stock-based compensation		487			1,970
Changes in assets and liabilities:
Card related pre-funding and receivables		675			(992	)
Restricted cash		(507	)		(2,473	)
Other assets		(346	)		1,259
Deferred revenue		(2,148	)		(1,655	)
Accrued interest		11,591			11,459
Money orders payable		(1,510	)		(901	)
Lease termination payable		1,614			—
Accounts payable and accrued expenses		(1,988	)		5,444
Net cash provided by operating activities		153,852			161,729
Cash flows from investing activities
Net receivables originated		(135,518	)		(144,976	)
Net acquired assets, net of cash		(810	)		(2,192	)
Internally developed software intangible asset		—			(72	)
Deconsolidation of Insight Holdings		—			(628	)
Proceeds from sale of equity investment		—			3,500
Purchase of leasehold improvements and equipment		(16,331	)		(18,408	)
Net cash used in investing activities		(152,659	)		(162,776	)
Cash flows from financing activities
Proceeds from subsidiary note		2,400			22,775
Payments on subsidiary note		(370	)		(11	)
Payments on related party Florida seller notes		(1,500	)		—
Payments on capital lease obligations, net		(1,361	)		853
Proceeds on lines of credit, net		27,200			11,664
Repurchase of restricted stock units		—			(107	)
Payments on mortgage note payable		—			(426	)
Proceeds from refinance of mortgage note payable		—			720
Debt issuance costs		(1,102	)		(305	)
Member distribution		—			(387	)
Net cash provided by financing activities		25,267			34,776
Net increase in cash and cash equivalents		26,460			33,729
Cash and cash equivalents:
Beginning		77,734			90,311
Ending	$	104,194		$	124,040

See Notes to Unaudited Consolidated Financial Statements.

6

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements

(Dollars in thousands, except per share data)

Note 1. Ownership, Nature of Business, and Significant Accounting Policies

        Nature of business:    Community Choice Financial Inc. (together with its consolidated subsidiaries, "CCFI" or "the Company") was formed on April 6, 2011, under the laws of the State of Ohio. As of September 30, 2015, the Company owned and operated 534 retail locations in 15 states and had an internet presence in 29 states. Through its network of retail locations and over the internet, the Company provides customers a variety of financial products and services, including secured and unsecured, short and medium-term consumer loans, check cashing, prepaid debit cards, and other services that address the specific needs of its individual customers.

        A summary of the Company's significant accounting policies follows:

        Basis of presentation:    The accompanying interim unaudited consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q and accounting principles generally accepted in the United States (or "GAAP") for interim financial information. They do not include all information and footnotes required by GAAP for complete financial statements. Although management believes that the disclosures are adequate to prevent the information from being misleading, the interim unaudited consolidated financial statements should be read in conjunction with the Company's audited financial statements for the year ended December 31, 2014, in the Company's Annual Report on Form 10-K filed with the Securities & Exchange Commission on March 30, 2015. In the opinion of the Company's management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement of the Company's financial condition, have been included. The results for any interim period are not necessarily indicative of results to be expected for the year ending December 31, 2015.

        Basis of consolidation:    The accompanying consolidated financial statements include the accounts of CCFI. All significant intercompany accounts and transactions have been eliminated in consolidation.

        The Company previously determined that Insight Holdings Company, LLC ("Insight Holdings") was a Variable Interest Entity ("VIE") of which the Company was the primary beneficiary. Therefore, the Company consolidated this VIE as of April 1, 2013, until it was sold on May 12, 2014. Insight Holdings has been reclassified as a discontinued operation on the consolidated statements of operations for the nine months ended September 30, 2014.

        Reclassifications:    Certain amounts reported in the consolidated financial statements for the three months and nine months ended September 30, 2014, have been reclassified to conform to classifications presented in the consolidated financial statements for the three months and nine months ended September 30, 2015, without affecting the previously reported net income or stockholders' equity. The Company previously recognized that the functions performed at the Utah offices of its Direct Financial Solutions ("DFS") subsidiary have been integrated into CCFI's general corporate functions and the DFS office has expanded to serve other corporate office functions. At the same time, the expansion of call centers to assist the Company's customers has grown in both the Company's Dublin, Ohio and Utah offices. Therefore, the Company has reclassified certain expenses to show call center costs as operating expenses and the remaining DFS costs as corporate expenses, as consistent with their use. Additionally, the Company's credit service organization ("CSO") product offering has expanded and is now disclosed as a separate revenue category ("Credit Service Fees") in the statement of operations. Secured consumer loans are included in finance receivables as either a short-term or medium-term on the Consolidated Balance Sheet.

7

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 1. Ownership, Nature of Business, and Significant Accounting Policies (Continued)

        Business segments:    FASB Accounting Standards Codification ("ASC") Topic 280 requires that a public enterprise report a measure of segment profit or loss, certain specific revenue and expense items, segment assets, information about the way operating segments were determined and other items. The Company reports operating segments in accordance with FASB ASC Topic 280. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in determining how to allocate resources and assess performance. The Company operates in two segments: Retail financial services and Internet financial services. The previously consolidated VIE was included in Retail financial services until it was sold on May 12, 2014.

        Revenue recognition:    Transactions include loans, credit service fees, check cashing, bill payment, money transfer, money order sales, and other miscellaneous products and services. The full amount of the check cashing fee is recognized as revenue at the time of the transaction. Fees and direct costs incurred for the origination of loans are deferred and amortized over the loan period using the interest method. The Company acts in an agency capacity regarding bill payment services, money transfers, card products, and money orders offered and sold at its branches. The Company records the net amount retained as revenue because the supplier is the primary obligor in the arrangement, the amount earned by the Company is fixed, and the supplier is determined to have the ultimate credit risk. Revenue on loans determined to be troubled debt restructurings are recognized at the impaired loans' original interest rates until the impaired loans are charged off or paid by the customer. Credit service fees are recognized over the arranged credit service period.

        Finance receivables:    Finance receivables consist of short term and medium-term consumer loans.

        Short-term consumer loans may be unsecured or secured with maturities up to ninety days. Unsecured short-term loan products typically range in principal from $100 to $1,000, with a maturity between fourteen and thirty days, and include a written agreement to defer the presentment of the customer's personal check or preauthorized debit for the aggregate amount of the advance plus fees. This form of lending is based on applicable laws and regulations, which vary by state. State statutes vary from permitting fees of 15% to 20%, to permitting interest charges of 25% per annum plus origination fees. The customers repay the cash advance by making cash payments or allowing a check or preauthorized debit to be presented. Secured consumer loans with a maturity of ninety days or less are included in this category and represent 17.3% and 17.5% of short-term consumer loans as of September 30, 2015 and December 31, 2014, respectively.

        Medium-term consumer loans may be unsecured or secured with maturities of greater than ninety days up to thirty-six months. Unsecured medium-term loan products typically range in principal from $100 to $5,000, and are evidenced by a promissory note with a maturity between three and thirty-six months. These consumer loans vary in structure depending upon the applicable laws and regulations where they are offered. The medium-term consumer loans are payable in installments or provide for a line of credit with periodic payments. Secured consumer loans with a maturity of greater than ninety days are included in this category and represent 11.6% and 15.0% of medium-term consumer loans as of September 30, 2015, and December 31, 2014, respectively.

        Allowance for loan losses:    Provisions for loan losses are charged to income in amounts sufficient to maintain an adequate allowance for loan losses and an adequate accrual for losses related to

8

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 1. Ownership, Nature of Business, and Significant Accounting Policies (Continued)

guaranteed loans made by third-party lenders. The factors used in assessing the overall adequacy of the allowance for loan losses, the accrual for losses related to guaranteed loans made by third-party lenders and the resulting provision for loan losses include an evaluation by product by market based on historical loan loss experience and delinquency of certain medium-term consumer loans. The Company evaluates various qualitative factors that may or may not affect the computed initial estimate of the allowance for loan losses, by using internal valuation inputs including historical loan loss experience, delinquency, overall portfolio quality, and current economic conditions.

        For short term unsecured consumer loans, the Company's policy is to charge off loans when they become past due. The Company's policy dictates that, where a customer has provided a check or ACH authorization for presentment upon the maturity of a loan, if the customer has not paid off the loan by the due date, the Company will deposit the customer's check or draft the customer's bank account for the amount due. If the check or draft is returned as unpaid, all accrued fees and outstanding principal are charged-off as uncollectible. For short term secured loans, the Company's policy requires that balances be charged off when accounts are thirty days past due.

        For medium term secured and unsecured consumer loans which have a term of one year or less, the Company's policy requires that balances be charged off when accounts are sixty days past due. For medium term secured and unsecured consumer loans which have an initial maturity of greater than one year, the Company's policy requires that balances be charged off when accounts are no more than ninety-one days past due. The Company's line of credit products are charged-off on the first day past due.

        In certain markets, the Company reduced interest rates and favorably changed payment terms for medium-term consumer loans to assist borrowers in avoiding default and to mitigate risk of loss. These reduced interest rates and changed payment terms were limited to loans that the Company believed the customer had the ability to pay in the foreseeable future. These loans were accounted for as troubled debt restructurings and represent the only loans considered impaired due to the nature of the Company's charge-off policy.

        Recoveries of amounts previously charged off are recorded to the allowance for loan losses or the accrual for third-party losses in the period in which they are received.

        Discontinued operations:    On May 12, 2014, Insight Holdings was sold to a third party and its consolidated operations have been classified as discontinued operations on the Consolidated Statement of Operations for the nine months ended September 30, 2014.

        Fair value of financial instruments:    Financial assets and liabilities measured at fair value are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are:

•

Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities.

•

Level 2—Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less attractive.

9

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 1. Ownership, Nature of Business, and Significant Accounting Policies (Continued)

•

Level 3—Unobservable inputs for assets and liabilities reflecting the reporting entity's own assumptions.

        The Company follows the provisions of ASC 820-10, which applies to all assets and liabilities that are being measured and reported on a fair value basis. ASC 820-10 requires a disclosure that establishes a framework for measuring fair value within GAAP and expands the disclosure about fair value measurements. This standard enables a reader of consolidated financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The standard requires that assets and liabilities carried at fair value be classified and disclosed in one of the three categories.

        In determining the appropriate levels, the Company performed a detailed analysis of the assets and liabilities that are subject to ASC 820-10. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3. The Company's financial instruments consist primarily of cash and cash equivalents, finance receivables, short-term investments, and lines of credit. For all such instruments, other than senior secured notes, notes payable, and stock repurchase obligation at September 30, 2015, and December 31, 2014, the carrying amounts in the consolidated financial statements approximate their fair values. Finance receivables are short term in nature and are originated at prevailing market rates and lines of credit bear interest at current market rates. The fair value of finance receivables at September 30, 2015 and December 31, 2014 approximates carrying value and is measured using internal valuation inputs including historical loan loss experience, delinquency, overall portfolio quality, and current economic conditions.

        The fair value of the 10.75% senior secured notes due 2019 (the "2019 notes") and the 12.75% senior secured notes due 2020 (the "2020 notes") were determined based on market yield on trades of the 2019 notes at the end of that reporting period.

        The fair value of related party Florida seller notes payable was determined based on applicable market yields of similar debt and the fair value of the stock repurchase obligation was determined based on a probability-adjusted Black Scholes option valuation model.

	September 30, 2015
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	104,194	$	104,194		1
Restricted cash		4,384		4,384		1
Finance receivables		143,114		143,114		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		121,265		1
12.75% Senior secured notes		25,000		7,675		2
Related party Florida seller notes		10,797		10,797		2
Line of Credit		27,200		27,200		2
Subsidiary Note payable		36,167		36,167		2
Stock repurchase obligation		4,250		4,250		2

10

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 1. Ownership, Nature of Business, and Significant Accounting Policies (Continued)

	December 31, 2014
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	77,734	$	77,734		1
Restricted cash		3,877		3,877		1
Finance receivables		159,669		159,669		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		254,775		1
12.75% Senior secured notes		25,000		16,125		2
Related party Florida seller notes		12,132		12,132		2
Subsidiary Note payable		34,137		34,137		2
Stock repurchase obligation		4,130		4,130		2

        Subsequent events:    The Company has evaluated its subsequent events (events occurring after September 30, 2015) through the issuance date of November 16, 2015.

Note 2. Finance Receivables, Credit Quality Information and Allowance for Loan Losses

        Finance receivables representing amounts due from customers for advances at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015			December 31, 2014
Short-term consumer loans	$	80,251		$	96,015
Medium-term consumer loans		96,131			97,460
Gross receivables	$	176,382		$	193,475
Unearned advance fees, net of deferred loan origination costs		(2,137	)		(3,443	)
Finance receivables before allowance for loan losses		174,245			190,032
Allowance for loan losses		(31,131	)		(30,363	)
Finance receivables, net	$	143,114		$	159,669
Finance receivables, net
Current portion	$	129,037		$	140,418
Non-current portion		14,077			19,251
Total finance receivables, net	$	143,114		$	159,669

11

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 2. Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Continued)

        Changes in the allowance for loan losses by product type for the three months ended September 30, 2015, are as follows:

	Balance 7/1/2015		Provision		Charge-Offs			Recoveries		Balance 9/30/2015		Receivables 9/30/2015		Allowance as a percentage of receivable
Short-term consumer loans	$	4,462	$	21,554	$	(44,243	)	$	22,377	$	4,150	$	80,251		5.17	%
Medium-term consumer loans		24,821		25,400		(26,326	)		3,086		26,981		96,131		28.07	%
	$	29,283	$	46,954	$	(70,569	)	$	25,463	$	31,131	$	176,382		17.65	%

        The provision for loan losses for the three months ended September 30, 2015, also includes losses from returned items from check cashing of $2,518.

        The provision for short-term consumer loans of $21,554 is net of debt sales of $1,262 and the provision for medium-term consumer loans of $25,400 is net of debt sales of $1,005.

        The Company evaluates all short-term and medium-term consumer loans collectively for impairment, except for medium-term loans that have been modified and classified as troubled debt restructurings, which are individually evaluated for impairment. In certain markets, the Company reduced interest rates and favorably changed payment terms for medium-term consumer loans to assist borrowers in avoiding default and to mitigate risk of loss. The provision and subsequent charge off related to these loans totaled $360 and is included in the provision for medium-term consumer loans for the three months ended September 30, 2015. There were no troubled debt restructurings during the three months ended September 30, 2014. For these loans evaluated for impairment, there were no payment defaults during the three months ended September 30, 2015. The troubled debt restructurings during the three months ended September 30, 2015 are subject to an allowance of $118 with a net carrying value of $296 at September 30, 2015.

        Changes in the allowance for loan losses by product type for the nine months ended September 30, 2015, are as follows:

	Balance 1/1/2015		Provision		Charge-Offs			Recoveries		Balance 9/30/2015		Receivables 9/30/2015		Allowance as a percentage of receivable
Short-term consumer loans	$	5,141	$	51,831	$	(116,960	)	$	64,138	$	4,150	$	80,251		5.17	%
Medium-term consumer loans		25,222		65,082		(70,906	)		7,583		26,981		96,131		28.07	%
	$	30,363	$	116,913	$	(187,866	)	$	71,721	$	31,131	$	176,382		17.65	%

        The provision for loan losses for the nine months ended September 30, 2015, also includes losses from returned items from check cashing of $7,057.

        The provision for short-term consumer loans of $51,831 is net of debt sales of $1,504 and the provision for medium-term consumer loans of $65,082 is net of debt sales of $1,394.

        The Company evaluates all short-term and medium-term consumer loans collectively for impairment, except for medium-term loans that have been modified and classified as troubled debt restructurings, which are individually evaluated for impairment. In certain markets, the Company reduced interest rates and favorably changed payment terms for medium-term consumer loans to assist borrowers in avoiding default and to mitigate risk of loss. The provision and subsequent charge off

12

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 2. Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Continued)

related to these loans totaled $1,027 and is included in the provision for medium-term consumer loans for the nine months ended September 30, 2015. There were no troubled debt restructurings during the nine months ended September 30, 2014. For these loans evaluated for impairment, there were no payment defaults during the nine months ended September 30, 2015. The troubled debt restructurings during the nine months ended September 30, 2015 are subject to an allowance of $387 with a net carrying value of $949 at September 30, 2015.

        Changes in the allowance for loan losses by product type for the three months ended September 30, 2014 are as follows:

	Balance 7/1/2014		Provision		Charge-Offs			Recoveries		Balance 9/30/2014		Receivables 9/30/2014		Allowance as a percentage of receivable
Short-term consumer loans	$	5,206	$	28,337	$	(51,345	)	$	23,759	$	5,957	$	130,088		4.58	%
Medium-term consumer loans		19,090		19,703		(20,789	)		2,246		20,250		82,557		24.53	%
	$	24,296	$	48,040	$	(72,134	)	$	26,005	$	26,207	$	212,645		12.32	%

        The provision for loan losses for the three months ended September 30, 2014, also includes losses from returned items from check cashing of $2,471 and is net of debt sales of $1,495.

        Changes in the allowance for loan losses by product type for the nine months ended September 30, 2014, are as follows:

	Balance 1/1/2014		Provision		Charge-Offs			Recoveries		Balance 9/30/2014		Receivables 9/30/2014		Allowance as a percentage of receivable
Short-term consumer loans	$	5,631	$	64,749	$	(141,610	)	$	77,187	$	5,957	$	130,088		4.58	%
Medium-term consumer loans		12,377		47,279		(44,921	)		5,515		20,250		82,557		24.53	%
	$	18,008	$	112,028	$	(186,531	)	$	82,702	$	26,207	$	212,645		12.32	%

        The provision for loan losses for the nine months ended September 30, 2014, also includes losses from returned items from check cashing of $6,027 and is net of debt sales of $1,646.

        The Company has subsidiaries that facilitate third party lender loans. Changes in the accrual for third-party lender losses for the three months and nine months ended September 30, 2015, and 2014 were as follows:

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Balance, beginning of period	$	3,029		$	1,835		$	4,434		$	1,481
Provision for loan losses		10,906			5,073			28,234			11,811
Charge-offs, net		(10,904	)		(4,847	)		(29,637	)		(11,231	)
Balance, end of period	$	3,031		$	2,061		$	3,031		$	2,061

        Total gross finance receivables for which the Company has recorded an accrual for third-party lender losses totaled $42,498 and $52,680 at September 30, 2015, and December 31, 2014, respectively, and the corresponding guaranteed consumer loans are disclosed as an off-balance sheet arrangement.

13

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 2. Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Continued)

        The Company considers the near term repayment performance of finance receivables as its primary credit quality indicator. The Company performs credit checks through consumer reporting agencies on certain borrowers. If a third-party lender provides the advance, the applicable third-party lender decides whether to approve the loan and establishes all of the underwriting criteria and terms, conditions, and features of the customer's loan agreement.

        The aging of receivables at September 30, 2015, and December 31, 2014, are as follows:

	September 30, 2015				December 31, 2014
Current finance receivables	$	152,476	86.4	%	$	173,522	89.7	%
Past due finance receivables (1 - 30 days)
Short-term consumer loans		1,442	0.8	%		1,185	0.6	%
Medium-term consumer loans		14,081	8.1	%		12,258	6.3	%
Total past due finance receivables (1 - 30 days)		15,523	8.9	%		13,443	6.9	%
Past due finance receivables (31 - 60 days)
Medium-term consumer loans		4,657	2.6	%		4,377	2.3	%
Total past due finance receivables (31 - 60 days)		4,657	2.6	%		4,377	2.3	%
Past due finance receivables (61 - 90 days)
Medium-term consumer loans		3,726	2.1	%		2,133	1.1	%
Total past due finance receivables (61 - 90 days)		3,726	2.1	%		2,133	1.1	%
Total delinquent		23,906	13.6	%		19,953	10.3	%
	$	176,382	100.0	%	$	193,475	100.0	%

Note 3. Related Party Transactions and Balances

        Certain senior members of management have an interest in a vendor from which the Company purchases telecommunications services. The $334 and $695, respectively, in hardware and services for the three months and nine months ended September 30, 2015 were provided to the Company by the vendor at a reduced rate. There were no services provided for the nine months ended September 30, 2014. If the Company were to source the services from another vendor, the overall cost of the services would likely increase.

        The Company has a consulting agreement with a related party for information technology consulting services. Consulting services provided to the Company for the three months ended September 30, 2015, and 2014 were $94 and $178, and for the nine months ended September 30, 2015, and 2014 were $205 and $333, respectively.

        Certain retail locations of the Company are owned by related parties and leased from the related parties. Rent paid to the related parties for the three months ended September 30, 2015, and 2014 were $311 and $275, and for the nine months ended September 30, 2015, and 2014 were $834 and $834, respectively.

        There were no additional significant new, or changes to existing, related party transactions during the nine months ended September 30, 2015.

14

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 4. Goodwill and Other Intangible Assets

        Intangible amortization expense for the three months ended September 30, 2015, and 2014 were $377 and $835, and for the nine months ended September 30, 2015, and 2014 were $1,488 and $3,706, respectively. There were no additional significant changes to goodwill and other intangible assets during the nine months ended September 30, 2015.

Note 5. Pledged Assets and Debt

        Lines of credit at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015		December 31, 2014
$7,000 Revolving credit, secured, prime plus 1.00% with 5.00% floor, due July 2016, collateralized by all of Insight Capital, LLC's assets	$	—	$	—
$31,700 Revolving credit, secured, interest rate as defined below, due March 2017, collateralized by all Company assets		27,200		—
		27,200		—
Less current maturities		—		—
Long-term portion	$	27,200	$	—

        The revolving credit facility due April 2015 was amended in March 2015 and is now structured as a $31.7 million revolving credit facility with an accordion feature that allows the Company to request an increase in the revolving credit facility of up to $40.0 million in total availability, so long as no event of default exists. The revolving credit facility is a two-year facility scheduled to mature on March 27, 2017. The interest rate is one-month LIBOR plus 14% with a 15% floor, and there is a make-whole payment if the revolving principal balance falls below 85% of the aggregate commitment on or before September 27, 2016. The 1-month LIBOR rate was 0.20% and 0.15% at September 30, 2015, and December 31, 2014, respectively, and the prime rate was 3.25% at both September 30, 2015, and December 31, 2014. The revolving credit facility includes an undrawn line fee of 3.0% of any unused commitments.

        Subsidiary notes payable at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015		December 31, 2014
$35,000 Note, secured, 16.5%, collateralized by acquired loans, due January 2017	$	35,000	$	32,600
$1,425 Term note, secured, 4.25%, collateralized by financed asset, due July 2019		1,008		1,048
$489 Term note, secured, 8.50%, collateralized by financed asset, due July 2016		159		489
		36,167		34,137
Less current maturities		213		383
Long-term portion	$	35,954	$	33,754

15

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 5. Pledged Assets and Debt (Continued)

        The $35.0 million subsidiary note, originally due in June 2016, was amended in November 2015 to extend the maturity date to January 2017.

        There were no additional significant changes to pledged assets or debt during the nine months ended September 30, 2015.

Note 6. Accounts Payable and Accrued Liabilities

        Accounts payable and accrued liabilities at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015		December 31, 2014
Accounts payable	$	4,603	$	7,661
Accrued payroll and compensated absences		10,907		7,184
Wire transfers payable		1,539		1,815
Accrual for third-party losses		3,031		4,434
Unearned CSO Fees		5,104		5,925
Deferred rent		1,150		1,141
Bill payment		2,434		3,386
Lease termination		1,202		—
Other		4,418		4,830
	$	34,388	$	36,376

Note 7. Operating and Capital Lease Commitments and Total Rental Expense

        Rental expense totaled $7,938 and $7,781 for the three months ended September 30, 2015, and 2014, and $23,894 and $22,721 for the nine months ended September 30, 2015, and 2014, respectively.

        There were no additional significant changes to operating and capital lease commitments during the nine months ended September 30, 2015. Lease termination costs totaled $2,628 and $3,454 for the three and nine months ended September 30, 2015, respectively, for the remaining operating lease obligation for closed retail locations.

Note 8. Concentrations of Credit Risks

        The Company's portfolio of finance receivables is comprised of loan agreements with customers living in thirty-four states and consequently such customers' ability to honor their loan agreements may be affected by economic conditions in those states. Additionally, the Company is subject to regulation by federal and state governments that affect the products and services provided by the Company. To the extent that laws and regulations are passed that affect the Company's ability to offer loans or similar products in any of the states in which it operates, the Company's financial position could be adversely affected.

16

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 8. Concentrations of Credit Risks (Continued)

        The following table summarizes the allocation of the portfolio balance by state at September 30, 2015 and December 31, 2014:

	September 30, 2015					December 31, 2014
State	Balance Outstanding		Percentage of Total Outstanding			Balance Outstanding		Percentage of Total Outstanding
Alabama	$	17,897		10.2	%	$	22,681		11.7	%
Arizona		14,863		8.4			16,859		8.7
California		64,497		36.6			71,643		37.0
Florida		9,266		5.3			9,697		5.0
Virginia		16,712		9.3			15,770		8.2
Other retail segment states		27,274		15.5			30,393		15.7
Other internet segment states		25,873		14.7			26,432		13.7
Total	$	176,382		100.0	%	$	193,475		100.0	%

        The other retail segment states are: Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Ohio, Oregon, Tennessee, and Utah.

        The internet segment states are: Alabama, Alaska, California, Delaware, Hawaii, Idaho, Illinois, Kansas, Louisiana, Maine, Minnesota, Mississippi, Missouri, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming. DFS UK was previously in other internet segment states as the Company ceased all international operations by September 30, 2015, in order to focus on its domestic operations.

        In certain markets, the Company offers a CSO product to assist consumers in obtaining credit with unaffiliated third-party lenders. Total gross finance receivables for which the Company has recorded an accrual for third-party lender losses totaled $42,498 and $52,680 at September 30, 2015, and December 31, 2014, respectively, and the corresponding guaranteed consumer loans are disclosed as an off-balance sheet arrangement.

Note 9. Contingencies

        From time-to-time the Company is a defendant in various lawsuits and administrative proceedings wherein certain amounts are claimed or violations of law or regulations are asserted. In the opinion of the Company's management, these claims are without substantial merit and should not result in judgments which in the aggregate would have a material adverse effect on the Company's financial statements.

Note 10. Business Combinations

        There were no significant business combinations during the nine months ended September 30, 2015.

17

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 11. Stock Based Compensation

        Stock-based compensation costs for the three months ended September 30, 2015, and 2014 were $115 and $378, respectively, and for the nine months ended September 30, 2015, and 2014 were $487 and $1,970, respectively. As of September 30, 2015, and September 30, 2014, unrecognized stock-based compensation costs to be recognized over future periods approximated $1,044 and $2,026, respectively. At September 30, 2015, the remaining unrecognized compensation expense was $726 for certain awards that vest solely upon a change in control and $318 for certain awards that vest either over the requisite service period or a change in control. The remaining weighted-average period for the awards that vest solely upon a change in control cannot be determined because they vest upon an event not within the Company's control. The remaining unrecognized compensation expense of $318 is expected to be recognized over a weighted-average period of 0.8 years. The total income tax benefit recognized in the consolidated statements of operations for the stock-based compensation arrangements was $195 and $788 for the nine month periods ended September 30, 2015 and 2014, respectively.

        There were no significant stock option, restricted stock unit, or stock appreciation right activities during the nine months ended September 30, 2015.

Note 12. Business Segments

        The Company has elected to organize and report on its operations as two operating segments: Retail financial services and Internet financial services.

        The following tables present summarized financial information for the Company's segments:

	As of and for the three months ended September 30, 2015
	Retail Financial Services			% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852					$	80,197								$	601,049
Goodwill		221,101						—									221,101
Other Intangible Assets		831						1,361									2,192
Total Revenues	$	101,029			100.0	%	$	36,559			100.0	%				$	137,588			100.0	%
Provision for Loan Losses		33,588			33.2	%		26,790			73.3	%					60,378			43.9	%
Other Operating Expenses		47,734			47.3	%		6,962			19.0	%					54,696			39.7	%
Operating Gross Profit		19,707			19.5	%		2,807			7.7	%					22,514			16.4	%
Interest Expense, net		9,908			9.8	%		5,411			14.8	%					15,319			11.1	%
Depreciation and Amortization		1,050			1.0	%		275			0.8	%					1,325			1.0	%
Market Value of Stock Repurchase Obligation		(890	)		(0.9	)%		—									(890	)		(0.6	)%
Other Corporate Expenses(a)		—						—						24,201			24,201			17.6	%
Income (loss) from Continuing Operations, before tax		9,639			9.5	%		(2,879	)		(7.9	)%		(24,201	)		(17,441	)		(12.7	)%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

18

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 12. Business Segments (Continued)

        Intersegment revenues of $332 for the three months ended September 30, 2015, have been eliminated.

	As of and for the nine months ended September 30, 2015
	Retail Financial Services		% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852				$	80,197								$	601,049
Goodwill		221,101					—									221,101
Other Intangible Assets		831					1,361									2,192
Total Revenues	$	301,556		100.0	%	$	102,730			100.0	%				$	404,286			100.0	%
Provision for Loan Losses		84,627		28.1	%		67,577			65.8	%					152,204			37.6	%
Other Operating Expenses		138,451		45.9	%		19,527			19.0	%					157,978			39.1	%
Operating Gross Profit		78,478		26.0	%		15,626			15.2	%					94,104			23.3	%
Interest Expense, net		29,241		9.7	%		15,437			15.0	%					44,678			11.1	%
Depreciation and Amortization		3,290		1.1	%		845			0.8	%					4,135			1.0	%
Market Value of Stock Repurchase Obligation		120		0.0	%		—									120			0.0	%
Other Corporate Expenses(a)		—					—						66,722			66,722			16.5	%
Income (loss) from Continuing Operations, before tax		45,827		15.2	%		(656	)		(0.6	)%		(66,722	)		(21,551	)		(5.3	)%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $1,569 for the nine months ended September 30, 2015, have been eliminated.

	As of and for the three months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	105,480		100.0	%	$	30,505		100.0	%				$	135,985			100.0	%
Provision for Loan Losses		34,941		33.1	%		20,643		67.7	%					55,584			40.9	%
Other Operating Expenses		42,657		40.4	%		5,489		17.9	%					48,146			35.4	%
Operating Gross Profit		27,882		26.4	%		4,373		14.3	%					32,255			23.7	%
Interest Expense, net		10,521		10.0	%		3,751		12.3	%					14,272			10.5	%
Depreciation and Amortization		1,078		1.0	%		443		1.5	%					1,521			1.1	%
Market Value of Stock Repurchase Obligation		2,512		2.4	%		—								2,512			1.8	%
Other Corporate Expenses(a)		—					—					20,932			20,932			15.4	%
Income (loss) from Continuing Operations, before tax		13,771		13.1	%		179		0.6	%		(20,932	)		(6,982	)		(5.1	)%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

19

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 12. Business Segments (Continued)

        Intersegment revenues of $736 for the three months ended September 30, 2014, have been eliminated.

	As of and for the nine months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated		% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	295,010		100.0	%	$	80,317		100.0	%				$	375,327		100.0	%
Provision for Loan Losses		81,029		27.5	%		48,837		60.8	%					129,866		34.6	%
Other Operating Expenses		123,436		41.8	%		12,759		15.9	%					136,195		36.3	%
Operating Gross Profit		90,545		30.7	%		18,721		23.3	%					109,266		29.1	%
Interest Expense, net		31,332		10.6	%		9,637		12.0	%					40,969		10.9	%
Depreciation and Amortization		2,981		1.0	%		1,408		1.8	%					4,389		1.2	%
Market Value of Stock Repurchase Obligation		2,472		0.8	%		—								2,472		0.7	%
Other Corporate Expenses(a)		—					—					60,495			60,495		16.1	%
Income (loss) from Continuing Operations, before tax		53,760		18.2	%		7,676		9.6	%		(60,495	)		941		0.3	%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $2,004 for the nine months ended September 30, 2014, have been eliminated.

Note 13. Income Taxes

        The Company files a consolidated federal income tax return. The Company files consolidated or separate state income tax returns as permitted by the individual states in which it operates. The effective rate change is related to permanent differences between book and tax. The Company had no liability recorded for unrecognized tax benefits at September 30, 2015 and December 31, 2014.

        At September 30, 2015 and December 31, 2014, the Company had gross deferred tax assets of $40,596 and $31,102, respectively. A valuation allowance of $1,280 was recognized at December 31, 2014 to reduce the deferred tax assets to the amount that was more likely than not expected to be realized. In evaluating whether a valuation allowance was needed for the deferred tax assets, the Company considered the ability to carry net operating losses back to prior periods, reversing taxable temporary differences, and estimates of future taxable income. The Company filed federal income tax returns to carry back the net operating loss generated in 2014 and expects to receive a refund of approximately $2.6 million. There have been no credits or net operating losses that have expired. In addition, the Company's projections of future taxable income are expected to result in the realization of the remaining deferred tax assets. The projections were evaluated in light of past operating results and considered the risks associated with future taxable income related to macroeconomic conditions in the markets in which the Company operates, regulatory developments and cost containment. The Company will continue to evaluate the need for a valuation allowance against deferred tax assets in

20

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 13. Income Taxes (Continued)

future periods and will adjust the allowance as necessary if it determines that it is not more likely than not that some or all of the deferred tax assets are expected to be realized.

        The Company received notice that the Internal Revenue Service will be examining the Company's 2013 federal income tax return starting in the fourth quarter of 2015.

Note 14. Discontinued Operations

        The Company previously determined that Insight Holdings was a VIE of which the Company was the primary beneficiary. Therefore, the Company consolidated this VIE as of April 1, 2013 until it was sold on May 12, 2014. Insight Holdings has been reclassified as a discontinued operation on the consolidated statement of operations for the nine months ended September 30, 2014.

        Results from discontinued operations of Insight Holdings for the nine months ended September 30, 2014 were as follows:

	Nine Months Ended September 30, 2014
Revenues:
Card fees	$	7,494
Other		191
Total revenues		7,685
Operating gross profit		7,685
Corporate and other expenses
Corporate expenses		6,846
Depreciation and amortization		1,139
Interest expense, net		24
Total corporate and other expenses		8,009
Loss before benefit for income taxes		(324	)
Benefit for income taxes		(130	)
Loss from continuing operations		(194	)
Loss on disposal		(4,391	)
Total discontinued operations	$	(4,585	)

        There were no discontinued operations for the three months or nine months ended September 30, 2015 or the three months ended September 30, 2014.

Note 15. Transactions with Variable Interest Entities

        The Company has limited agency agreements with unaffiliated third-party lenders. The agreements govern the terms by which the Company refers customers to that lender, on a non-exclusive basis, for a possible extension of credit, processes loan applications and commits to reimburse the lender for any loans or related fees that were not collected from such customers. As of September 30, 2015, and

21

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 15. Transactions with Variable Interest Entities (Continued)

December 31, 2014, the outstanding amount of active consumer loans, which were guaranteed by the Company and represented the Company's maximum exposure, was $42,498 and $52,680, respectively. This guarantee obligation is recorded as a current liability on the Company's consolidated balance sheet. The accrual for these obligations totaled $3,031 and $4,434 as of September 30, 2015 and December 31, 2014, respectively. The Company has determined that the lenders are VIEs but that the Company is not the primary beneficiary of the VIEs. Therefore, the Company has not consolidated either lender.

Note 16. Supplemental Guarantor Information

        The 2019 notes and the 2020 notes contain various covenants that, subject to certain exceptions defined in the indentures governing each series of the notes (the "Indentures"), limit the Company's ability to, among other things, engage in certain transactions with affiliates, pay dividends or distributions, redeem or repurchase capital stock, incur or assume liens or additional debt, and consolidate or merge with or into another entity or sell substantially all of its assets. The Company has optional redemption features on the 2019 notes and the 2020 notes prior to their maturity which, depending on the date of the redemption, would require premiums to be paid in addition to all principal and interest due.

        The 2019 notes and 2020 notes are guaranteed by all of the Company's guarantor subsidiaries existing as of April 29, 2011 (the date the Company issued the 2019 notes) and any subsequent guarantor subsidiaries that guarantee the Company's indebtedness or the indebtedness of any other subsidiary guarantor (the "Subsidiary Guarantors"), in accordance with the Indentures. The Company is a holding company and has no independent assets or operations of its own. The guarantees under the 2019 notes and 2020 notes are full, unconditional, and joint and several. There are no restrictions on the ability of the Company or any of the Subsidiary Guarantors to obtain funds from its restricted subsidiaries by dividend or loan, except for net worth requirements of certain states in which the Company operates and certain requirements relating to the Company's Alabama subsidiary, Insight Capital, LLC, as a result of its separate revolving credit facility (the "Alabama Revolving Credit Agreement"). Certain Subsidiary Guarantors are required to maintain net worth ranging from $5 to $1,000. The total net worth requirements of these Subsidiary Guarantors is $7.0 million. The Indentures contain certain affirmative and negative covenants applicable to the Company and its Subsidiary Guarantors, including restrictions on their ability to incur additional indebtedness, consummate certain asset sales, make investments in certain entities that create liens on their assets, enter into certain affiliate transactions and make certain restricted payments, including restrictions on the Company's ability to pay dividends on, or repurchase, its common stock.

        As long as the $7,000 Alabama Revolving Credit Agreement remains outstanding, the guarantee provided Insight Capital, LLC will be secured on a second-priority basis by the shared Alabama collateral held by such subsidiary. As a result, any obligations under the Alabama Revolving Credit Agreement must first be satisfied before the Alabama subsidiary can make any payments with respect to the 2019 and 2020 Notes.

22

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information

        The following presents the condensed consolidating guarantor financial information as of September 30, 2015, and December 31, 2014, and for the nine months ended September 30, 2015, and 2014, for the subsidiaries of the Company that serve as guarantors of the Notes, and for the subsidiaries that do not serve as a guarantor. The non-guarantor subsidiaries are Buckeye Check Cashing of Florida II, LLC, CCFI Funding LLC, CCFI Funding II LLC, Direct Financial Solutions of UK Limited and its subsidiary Cash Central UK Limited, Direct Financial Solutions of Canada, Inc and its subsidiaries DFS-CC Financial Services LLC, DFS-CC Financial Services (Calgary) LLC and DFS-CC Financial Services (Toronto) LLC, and Direct Financial Solutions of Australia Pty Ltd and its subsidiary Cash Central of Australia Pty Ltd. Each of the Company's guarantor subsidiaries are 100% owned by the Company or its subsidiaries, and all guarantees are full, unconditional, and joint and several.

        Of the entities under "Non-Guarantor Subsidiaries" in the tables below, Buckeye Check Cashing of Florida II, LLC, CCFI Funding, and CCFI Funding II are "Unrestricted Subsidiaries" as defined in the Indentures. Buckeye Check Cashing of Florida II, LLC was acquired on July 31, 2012, CCFI Funding was created on December 20, 2013, and CCFI Funding II was established on September 19, 2014. As of September 30, 2015, and December 31, 2014, such unrestricted subsidiaries had total assets of $101,267 and $90,718 and total liabilities of $70,496 and $69,380, respectively, and for the nine months ended September 30, 2015, and 2014 had total revenues of $72,374 and $33,490, total operating expenses of $44,515 and $22,519, and income before income taxes of $18,061 and $1,599, respectively. As described in Note 14 above, Insight Holdings is included in the tables below as a "Non-Guarantor Subsidiary" because the Company consolidated the entity as of April 1, 2013. For the nine months ended September 30, 2014, this entity is included in discontinued operations, net of tax. The remainder of the entities included under "non-Guarantor Subsidiaries" in the tables below are "Restricted Subsidiaries" as defined in the Indentures governing the 2019 notes and the 2020 notes and, for the periods specified, did not have material assets, liabilities, revenue or expenses.

23

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information (Continued)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Balance Sheet (unaudited)
September 30, 2015

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	—		$	75,532	$	28,662	$	—		$	104,194
Restricted cash		—			4,384		—		—			4,384
Finance receivables, net		—			95,054		38,154		(4,171	)		129,037
Short-term investments, certificates of deposit		—			1,115		—		—			1,115
Card related pre-funding and receivables		—			1,931		—		—			1,931
Other current assets		—			56,121		82		(30,520	)		25,683
Deferred tax asset, net		—			12,770		—		—			12,770
Total current assets		—			246,907		66,898		(34,691	)		279,114
Noncurrent Assets
Investment in Subsidiaries		408,296			15,996		—		(424,292	)		—
Finance receivables, net		—			14,077		—		—			14,077
Property, leasehold improvements and equipment, net		—			43,641		2,871		—			46,512
Goodwill		—			190,066		31,035		—			221,101
Other intangible assets		—			2,015		177		—			2,192
Security deposits		—			3,001		155		—			3,156
Deferred tax asset, net		—			26,546		—		—			26,546
Deferred debt issuance costs		8,030			190		131		—			8,351
Total assets	$	416,326		$	542,439	$	101,267	$	(458,983	)	$	601,049
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of capital lease obligation		—			1,283		117		—		$	1,400
Current portion of related party Florida seller notes		—			—		10,797		—			10,797
Current portion of subsidiary note payable		—			213		—		—			213
CCFI Funding Notes		—			—		5,353		(5,353	)		—
Deferred revenue		—			3,084		—		—			3,084
Accrued interest		19,468			3		1,608		(1,299	)		19,780
Money orders payable		—			7,580		—		—			7,580
Accounts payable and accrued liabilities		—			49,226		13,201		(28,039	)		34,388
Total current liabilities		19,468			61,389		31,076		(34,691	)		77,242
Noncurrent Liabilities
Lines of credit		27,200			—		—		—			27,200
Subsidiary note payable		—			954		35,000		—			35,954
Capital lease obligation		—			1,468		79		—			1,547
Stock repurchase obligation		—			—		4,250		—			4,250
Lease termination payable		—			1,523		91		—			1,614
Senior secured notes		420,000			—		—		—			420,000
Deferred Revenue		—			743		—		—			743
Total liabilities		466,668			66,077		70,496		(34,691	)		568,550
Stockholders' Equity (Deficit)		(50,342	)		476,362		30,771		(424,292	)		32,499
Total liabilities and stockholders' equity	$	416,326		$	542,439	$	101,267	$	(458,983	)	$	601,049

24

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information (Continued)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Balance Sheet
December 31, 2014

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Total Eliminations			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	—		$	63,372	$	14,362	$	—		$	77,734
Restricted cash		—			3,877		—		—			3,877
Finance receivables, net		—			101,493		41,181		(2,256	)		140,418
Short-term investments, certificates of deposit		—			1,115		—		—			1,115
Card related pre-funding and receivables		—			2,606		—		—			2,606
Other current assets		—			45,856		101		(20,117	)		25,840
Deferred tax asset, net		—			12,770		—		—			12,770
Total current assets		—			231,089		55,644		(22,373	)		264,360
Noncurrent Assets
Investment in Subsidiaries		368,838			15,168		—		(384,006	)		—
Finance receivables, net		—			19,251		—		—			19,251
Property, leasehold improvements and equipment, net		—			36,734		2,901		—			39,635
Goodwill		—			191,530		31,035		—			222,565
Other intangible assets		—			2,902		643		—			3,545
Security deposits		—			2,486		167		—			2,653
Deferred tax asset, net		—			17,052		—		—			17,052
Deferred debt issuance costs		8,950			50		328		—			9,328
Total assets	$	377,788		$	516,262	$	90,718	$	(406,379	)	$	578,389
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of capital lease obligation	$	—		$	1,050	$	116	$	—		$	1,166
Current portion of related party Florida seller notes		—			—		2,786		—			2,786
Current portion of subsidiary note payable		—			383		—		—			383
CCFI Funding Notes		—			—		5,353		(5,353	)		—
Deferred revenue		—			2,993		—		—			2,993
Accrued interest		8,046			1		640		(498	)		8,189
Money orders payable		—			8,508		582		—			9,090
Accounts payable and accrued liabilities		—			39,242		13,656		(16,522	)		36,376
Total current liabilities		8,046			52,177		23,133		(22,373	)		60,983
Noncurrent Liabilities
Subsidiary note payable		—			1,154		32,600		—			33,754
Capital lease obligation		—			1,635		171		—			1,806
Stock repurchase obligation		—			—		4,130		—			4,130
Related party Florida seller notes		—			—		9,346		—			9,346
Senior secured notes		420,000			—		—		—			420,000
Deferred Revenue		—			2,982		—		—			2,982
Total liabilities		428,046			57,948		69,380		(22,373	)		533,001
Stockholders' Equity (Deficit)		(50,258	)		458,314		21,338		(384,006	)		45,388
Total liabilities and stockholders' equity	$	377,788		$	516,262	$	90,718	$	(406,379	)	$	578,389

25

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information (Continued)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statements of Operations (unaudited)
Nine Months Ended September 30, 2015

	Community Choice Financial			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Revenues:
Finance receivable fees	$	—		$	189,330		$	59,792	$	—		$	249,122
Credit service fees		—			80,979			—		—			80,979
Check cashing fees		—			46,204			9,850		(7,100	)		48,954
Card fees		—			6,237			388		—			6,625
Dividend		—			19,750			—		(19,750	)		—
Other		—			18,817			2,344		(2,555	)		18,606
Total revenues		—			361,317			72,374		(29,405	)		404,286
Operating expenses:
Salaries and benefits		—			55,829			5,029		—			60,858
Provision for loan losses		—			120,498			31,706		—			152,204
Occupancy		—			20,330			2,561		(23	)		22,868
Advertising and marketing		—			19,977			557		(1,569	)		18,965
Lease termination costs					3,036			418		—			3,454
Depreciation and amortization		—			6,775			687		—			7,462
Other		—			48,014			3,457		(7,100	)		44,371
Total operating expenses		—			274,459			44,415		(8,692	)		310,182
Operating gross profit		—			86,858			27,959		(20,713	)		94,104
Corporate expenses		—			65,491			1,393		(162	)		66,722
Depreciation and amortization		—			3,629			506		—			4,135
Interest expense, net		38,468			294			6,717		(801	)		44,678
Interest expense allocation		(38,468	)		37,306			1,162		—			—
Market value of stock repurchase obligation		—			—			120		—			120
Total corporate and other expenses		—			106,720			9,898		(963	)		115,655
Income (loss) before income taxes		—			(19,862	)		18,061		(19,750	)		(21,551	)
Provision (benefit) for income taxes		—			(7,535	)		6,851		(7,491	)		(8,175	)
Net income (loss)	$	—		$	(12,327	)	$	11,210	$	(12,259	)	$	(13,376	)

26

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information (Continued)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statements of Operations (unaudited)
Nine Months Ended September 30, 2014

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Finance receivable fees	$	—		$	244,035	$	23,381		$	(738	)	$	266,678
Credit service fees		—			20,034		—			—			20,034
Check cashing fees		—			54,922		7,513			—			62,435
Card fees		—			5,196		211			—			5,407
Dividend		—			4,500		—			(4,500	)		—
Other		—			20,429		2,385			(2,041	)		20,773
Total revenues		—			349,116		33,490			(7,279	)		375,327
Operating expenses:
Salaries and benefits		—			50,502		4,989			—			55,491
Provision for loan losses		—			118,802		11,064			—			129,866
Occupancy		—			19,279		2,546			—			21,825
Advertising and marketing		—			13,580		697			(1,189	)		13,088
Depreciation and amortization		—			5,663		587			—			6,250
Other		—			37,282		2,636			(377	)		39,541
Total operating expenses		—			245,108		22,519			(1,566	)		266,061
Operating gross profit		—			104,008		10,971			(5,713	)		109,266
Corporate expenses		—			58,847		2,123			(475	)		60,495
Depreciation and amortization		—			3,551		838			—			4,389
Interest expense, net		37,600			168		3,939			(738	)		40,969
Interest expense allocation		(37,600	)		37,600		—			—			—
Market value of stock repurchase obligation		—			—		2,472			—			2,472
Total corporate and other expenses		—			100,166		9,372			(1,213	)		108,325
Income before income taxes		—			3,842		1,599			(4,500	)		941
Provision for income taxes		—			2,842		1,183			(3,328	)		696
Income from continuing operations		—			1,000		416			(1,172	)		245
Discontinued operations, net of tax		—			—		(4,585	)		—			(4,585	)
Net income (loss)	$	—		$	1,000	$	(4,169	)	$	(1,172	)	$	(4,340	)

27

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information (Continued)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows (unaudited)
Nine Months Ended September 30, 2015

	Community Choice Financial			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	13,130		$	97,659		$	43,063		$	153,852
Cash flows from investing activities
Net receivables originated		—			(106,839	)		(28,679	)		(135,518	)
Net acquired assets, net of cash		—			(810	)		—			(810	)
Purchase of leasehold improvements and equipment		—			(15,506	)		(825	)		(16,331	)
Net cash used in investing activities		—			(123,155	)		(29,504	)		(152,659	)
Cash flows from financing activities
Proceeds from subsidiary note		—			—			2,400			2,400
Payments on subsidiary note		—			(370	)		—			(370	)
Payments on related party Florida seller notes		—			—			(1,500	)		(1,500	)
Payments on capital lease obligations, net		—			(1,270	)		(91	)		(1,361	)
Proceeds from lines of credit		27,200			—			—			27,200
Intercompany activities		(39,458	)		39,458			—			—
Debt issuance costs		(872	)		(162	)		(68	)		(1,102	)
Net cash provided by (used in) financing activities		(13,130	)		37,656			741			25,267
Net increase in cash and cash equivalents		—			12,160			14,300			26,460
Cash and cash equivalents:
Beginning		—			63,372			14,362			77,734
Ending	$	—		$	75,532		$	28,662		$	104,194

28

Community Choice Financial Inc. and Subsidiaries

Notes to Unaudited Consolidated Financial Statements (Continued)

(Dollars in thousands, except per share data)

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information (Continued)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows (unaudited)
Nine Months Ended September 30, 2014

	Community Choice Financial			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	13,068		$	131,500		$	17,161		$	161,729
Cash flows from investing activities
Net receivables originated		—			(120,211	)		(24,765	)		(144,976	)
Net acquired assets, net of cash		—			(874	)		(1,318	)		(2,192	)
Internally developed software intangible asset		—			—			(72	)		(72	)
De-consolidation of Insight Holdings		—			6,731			(7,359	)		(628	)
Proceeds from sale of equity investment		—			—			3,500			3,500
Purchase of leasehold improvements and equipment		—			(17,299	)		(1,109	)		(18,408	)
Net cash used in investing activities		—			(131,653	)		(31,123	)		(162,776	)
Cash flows from financing activities
Proceeds from subsidiary note		—			1,425			21,350			22,775
Payments on subsidiary note		—			(11	)		—			(11	)
Proceeds from CCFI Funding Notes		—			(5,352	)		5,352			—
Payments on capital lease obligations, net		—			635			218			853
Net advances on lines of credit		11,664			—			—			11,664
Buyback of restricted stock units		—			(107	)		—			(107	)
Payments on mortgage note payable		—			—			(426	)		(426	)
Proceeds from refinance of mortgage note payable		—			—			720			720
Member distribution		—			—			(387	)		(387	)
Intercompany activities		(24,732	)		24,732			—			—
Debt issuance costs		—			(305	)		—			(305	)
Net cash provided by (used in) financing activities		(13,068	)		21,017			26,827			34,776
Net increase in cash and cash equivalents		—			20,864			12,865			33,729
Cash and cash equivalents:
Beginning		—			84,433			5,878			90,311
Ending	$	—		$	105,297		$	18,743		$	124,040

29

MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion contains management's discussion and analysis of Community Choice Financial's financial condition and results of operations. References to "CCFI", "the company", "us", "we", "our" and "ours" refer to Community Choice Financial, together with its subsidiaries. This discussion contains forward-looking statements and involves numerous risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

        The Private Securities Litigation Reform Act of 1995 ("Act") provides a safe harbor for forward-looking statements. Certain statements in this report are forward-looking statements within the meaning of the Act, and such statements are intended to qualify for the protection of the safe harbor provided by the Act. The words "anticipate," "estimate," "expect," "objective," "goal," "project," "intend," "plan," "believe," "will," "should," "may," "target," "forecast," "guidance," "outlook," and similar expressions generally identify forward-looking statements. Similarly, descriptions of our objectives, strategies, plans, goals or targets are also forward-looking statements. Forward-looking statements relate to the expectations of management as to future occurrences and trends, including statements expressing optimism or pessimism about future operating results or events and projected revenues, earnings, capital expenditures and business strategy. Forward-looking statements are based upon a number of assumptions concerning future conditions that may ultimately prove to be inaccurate. Forward-looking statements are and will be based upon management's then current views and assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements. Although we believe the expectations expressed in forward-looking statements are based on reasonable assumptions within the bounds of our knowledge, forward-looking statements, by their nature, involve risks, uncertainties and other factors, any one or a combination of which could materially affect our business, financial condition, results of operations or liquidity.

        Forward-looking statements that we make herein and in other reports and releases are not guarantees of future performance and actual results may differ materially from those discussed in such forward-looking statements as a result of various factors, including, but not limited to, the ongoing impact of the economic and credit crisis, leveling demand for our products, our inability to successfully execute strategic initiatives, our ability to recognize the expected benefits from recently undertaken strategic initiatives, including those described under "Factors Affecting Our Results of Operations—Recent Strategic Initiatives," integration of acquired businesses, competitive pressures, economic pressures on our customers and us, regulatory and legislative changes, the impact of legislation, the risks discussed under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2014, and other factors discussed from time to time. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update forward-looking statements whether as a result of new information, future events or otherwise.

        Readers are advised, however, to consult any further disclosures we make on related subjects in our public announcements, releases, and reports.

Overview

        We are a leading provider of alternative financial services to unbanked and under banked consumers. We provide our customers a variety of financial products and services, including short-term and medium-term consumer loans, check cashing, prepaid debit cards, and other services that address the specific needs of our customers. Through our retail focused business model, we provide our customers with high-quality service and immediate access to retail financial services at competitive rates

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and through the channel most convenient for our customers. As of September 30, 2015, we operated 534 retail locations across 15 states and in 29 states via the internet.

        Our retail business model provides a broad array of financial products and services whether through a retail location or over the internet, whichever distribution channel satisfies the target customer's needs or desires. We want to achieve a superior level of customer satisfaction, resulting in increased market penetration and value creation. Our overall revenue has expanded as we have executed on our retail model. An important part of our retail model is investing in and creating a premier brand presence, supported by a well-trained and motivated workforce with the aim of enhancing the customer's experience, generating increased traffic and introducing our customers to our diversified set of products.

Factors Affecting Our Results of Operations

Retail Platform

        During the nine months ended September 30, 2015, we opened 30 retail locations. However, based on expected regulatory changes, we recently made the strategic decision to suspend new retail location openings and have begun to consolidate underperforming retail locations. The retail locations that closed during the third quarter had direct costs of $3.2 million for the prior twelve months. Additionally, we have decreased our workforce by 11.2% since March 31, 2015 through retail locations closure and overall workforce reduction efforts, resulting in expected annualized savings of approximately $11.5 million.

        The chart below sets forth certain information regarding our retail presence and number of states served via the internet as of and for the year ended December 31, 2014, and the nine months ended September 30, 2015.

	Year Ended December 31, 2014		Nine Months Ended September 30, 2015
# of Locations
Beginning of Period		516		530
Opened		25		30
Closed		11		26
End of Period		530		534
Number of states served by our internet operations		24		29

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        The following table provides the geographic composition of our physical locations as of December 31, 2014, and September 30, 2015:

	December 31, 2014		September 30, 2015
Alabama		36		42
Arizona		40		37
California		156		149
Florida		63		60
Indiana		21		21
Illinois		12		12
Kansas		5		5
Kentucky		15		15
Michigan		14		14
Missouri		7		7
Ohio		96		95
Oregon		3		2
Tennessee		25		30
Utah		10		11
Virginia		27		34
		530		534

        We also provide internet financial services in the following states: Alabama, Alaska, California, Delaware, Hawaii, Idaho, Illinois, Kansas, Louisiana, Maine, Minnesota, Mississippi, Missouri, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming. During the third quarter, the Company ceased all international operations in order to focus on its domestic operations.

Changes in Legislation

        In July 2010, the Dodd-Frank Act was signed into law. Among other things, this act created the CFPB and granted it the authority to regulate companies that provide consumer financial services. The CFPB has examined both our retail and internet operations. We do not expect the findings from these exams to result in a material change to our business practices. We expect to be periodically examined in the future by the CFPB as well as other regulatory agencies. The CFPB has expressed its intention to publish proposed rules in late 2015, which we would expect to become final in 2016 and effective in 2017.

Product Characteristics and Mix

        As we expand our product offerings to meet our customers' needs, the characteristics of our overall loan portfolio shift to reflect the terms of these new products. Our various lending products have different terms. In addition, the shift in mix to longer term loans has resulted in, and is expected to result in, higher loan loss reserves. We believe that our prepaid debit card direct deposit offering has reduced our check cashing fees, however, the availability of direct deposit to the Insight card as an alternative to check cashing extends the customer relationship and increases our revenues associated with the Insight prepaid card.

Expenses

        Our operating expenses relate primarily to the operation of our retail locations and internet presence, including salaries and benefits, retail location occupancy costs, call center costs, internet advertising, loan loss provisions, and depreciation of assets. We also incur corporate and other expenses on a company-wide basis, including interest expense and other financing costs related to our

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indebtedness, advertising, insurance, salaries, benefits, occupancy costs, professional expenses and management fees paid to our majority stockholders.

        We view our compliance, collections and information technology groups as core competencies. We have invested in each of these areas and believe we will benefit from increased economies of scale and satisfy the increased regulatory scrutiny of the CFPB.

Recent Strategic Initiatives

        The CFPB previously announced that it will release proposed rules that will affect our loan products. Based on the CFPB's anticipated release date for the proposed rules, we expect them to be final in 2016 and effective in 2017. In anticipation of the effectiveness of these rules, the Company recently enacted several strategic initiatives. These strategic initiatives include a reduction in new retail location openings and consolidation of underperforming retail locations, along with a heightened focus on expense and portfolio rationalization. Operating labor costs decreased as a result of the retail consolidation, workforce reductions, and reduced operating hours. Growth slowed during the quarter, and through the quarter we began to see improving trends in portfolio performance. We expect that benefits from these strategic initiatives undertaken may be more fully realized in subsequent quarters.

Critical Accounting Policies

        Consistent with accounting principles generally accepted in the United States of America, our management makes certain estimates and assumptions to determine the reported amounts of assets, liabilities, revenue and expenses in the process of preparing our financial statements. These estimates and assumptions are based on the best information available to management at the time the estimates or assumptions are made. The most significant estimates made by our management include allowance for loan losses, equity method investments, goodwill, stock based compensation, stock repurchase obligation, and our determination for recording the amount of deferred income tax assets and liabilities, because these estimates and assumptions could change materially as a result of conditions both within and beyond management's control.

        Management believes that among our significant accounting policies, the following involve a higher degree of judgment:

Finance Receivables, Net

        Finance receivables consist of short-term and medium-term consumer loans.

        Short-term consumer loans can be unsecured or secured with a maturity up to ninety days. Unsecured short-term products typically range in size from $100 to $1,000, with a maturity between fourteen and thirty days, and an agreement to defer the presentment of the customer's personal check or preauthorized debit for the aggregate amount of the advance plus fees. This form of lending is based on applicable laws and regulations which vary by state. Statutes vary to permit charging fees of 15% to 20%, to charging interest at 25% per annum plus origination fees. The customers repay the cash advances by making cash payments or allowing the check or preauthorized debit to be presented. Secured short-term products typically range from $750 to $5,000, and are asset-based consumer loans whereby the customer obtains cash and grants a security interest in the collateral that may become a lien against that collateral. Secured consumer loans represent 17.5% and 17.3% of short-term consumer loans at December 31, 2014 and September 30, 2015, respectively.

        Medium-term consumer loans can be unsecured or secured with a maturity of three months up to thirty-six months. Unsecured medium-term products typically range from $100 to $5,000. These consumer loans vary in structure depending upon the regulatory environments where they are offered. The consumer loans are due in installments or provide for a line of credit with periodic monthly

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payments. Secured medium-term products typically range from $750 to $5,000, and are asset-based consumer loans whereby the customer obtains cash and grants a security interest in the collateral that may become a lien against that collateral. Secured consumer loans represent 15.0% and 11.6% of medium-term consumer loans at December 31, 2014, and September 30, 2015, respectively.

        In some instances, we maintain debt-purchasing arrangements with third-party lenders. We accrue for these obligations through management's estimation of anticipated purchases based on expected losses in the third-party lender's portfolio. This obligation is recorded as a current liability on our balance sheet.

        Total finance receivables, net of unearned advance fees and allowance for loan losses, on the consolidated balance sheets as of December 31, 2014, and September 30, 2015, were $159.7 million and $143.1 million, respectively. The allowance for loan losses as of December 31, 2014, and September 30, 2015, were $30.4 million and $31.1 million, respectively. At December 31, 2014, and September 30, 2015, the allowance for loan losses was 16.0% and 17.9%, respectively, of total finance receivables, net of unearned advance fees, reflecting a higher mix of medium-term loans, which have higher allowances for loan losses.

        Finance receivables, net as of December 31, 2014, and September 30, 2015, are as follows (in thousands):

	December 31, 2014		September 30, 2015
Finance Receivables, net of unearned advance fees	$	190,032	$	174,245
Less: Allowance for loan losses		30,363		31,131
Finance Receivables, Net	$	159,669	$	143,114

        The total changes to the allowance for loan losses for the three months ended September 30, 2014, and 2015, and the nine months ended September 30, 2014, and 2015, were as follows (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2015			2014			2015
Allowance for loan losses
Beginning of Period	$	24,296		$	29,283		$	18,008		$	30,363
Provisions for loan losses		48,040			46,954			112,028			116,913
Charge-offs, net		(46,129	)		(45,106	)		(103,829	)		(116,145	)
End of Period	$	26,207		$	31,131		$	26,207		$	31,131
Allowance as a percentage of finance receivables, net of unearned advance fees		12.6	%		17.9	%		12.6	%		17.9	%

        The provision for loan losses for the three months ended September 30, 2014, and 2015 includes losses from returned items from check cashing of $2.5 million and $2.5 million, respectively, and third party lender losses of $5.0 million and $10.9 million, respectively. The provision for loan losses for the nine months ended September 30, 2014, and 2015 includes losses from returned items from check cashing of $6.0 million and $7.0 million, respectively, and third party lender losses of $11.8 million and $28.2 million, respectively. The increase in third party lender losses is consistent with our transition to the provision of CSO services in certain markets.

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Goodwill

        Management evaluates all long-lived assets for impairment annually as of December 31, or whenever events or changes in business circumstances indicate an asset might be impaired, including goodwill and equity method investments. Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets at the date of the acquisition and the excess of purchase price over identified net assets acquired.

        One of the methods that management employs in the review of such assets uses estimates of future cash flows. If the carrying value is considered impaired, an impairment charge is recorded for the amount by which the carrying value exceeds its fair value. For equity method investments, an impairment charge is recorded if the decline in value is other than temporary. Management believes that its estimates of future cash flows and fair value are reasonable. Changes in estimates of such cash flows and fair value, however, could impact the estimated value of such assets.

        There was no impairment loss charged to operations for goodwill for either Retail financial services or Internet financial services during the nine months ended September 30, 2014. In the fourth quarter of 2014, goodwill impairment of $58.6 million for Retail financial services and $13.5 million for Internet financial services were recorded. The impairment left only $222.1 million for Retail financial services. No impaired loss has been recognized since fiscal year end 2014.

Income Taxes

        During 2015, the Company filed federal income tax returns to carry back the net operating loss generated in 2014 and expects to receive a refund of approximately $2.6 million. There will be no net operating losses after the carryback of the net operating loss generated in 2014 to 2012.

        We record income taxes as applicable under GAAP. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is recorded to reduce the deferred tax asset if it is more likely than not that some portion of the asset will not be realized. We recorded valuation allowances for the de-consolidation of Insight Holdings and our foreign operations for fiscal year 2014 as it is more likely than not that the Company will not realize any benefit from these deferred tax assets.

        Primarily as a result of the acquisition of CheckSmart (our predecessor in 2006) and California Check Cashing Stores (which we acquired in 2011), by their respective private equity sponsors at the time, we benefit from the tax amortization of the goodwill resulting from those transactions. For tax purposes this goodwill amortizes over a 15-year period from the date of the acquisitions. We expect the goodwill amortization of $27.1 million to result in future tax savings of approximately $10.8 million at the expected combined rate of 40%. Under GAAP, our income tax expense for accounting purposes, however, does not reflect the impact of this deduction for the amortization of goodwill. This difference between our cash tax expense and our accrued income tax expense results in the creation of deferred income tax items on our balance sheet.

        The Company received notice that the Internal Revenue Service will be examining the Company's 2013 federal income tax return starting in the fourth quarter of 2015.

Non-Guarantor Subsidiaries and Unrestricted Subsidiaries

        As described in more detail under Note 17 to the unaudited financial statements for the nine months ended September 30, 2015, we had six non-guarantor subsidiaries and one consolidated entity that is not a subsidiary (and, therefore, is not a guarantor). As of September 30, 2015, of the entities classified as "Non-Guarantor Subsidiaries", Buckeye Check Cashing of Florida II, LLC, CCFI Funding, and CCFI Funding II are "Unrestricted Subsidiaries" as defined in the indentures governing the 2019

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notes and 2020 notes. Buckeye Check Cashing of Florida II, LLC was acquired on July 31, 2012, CCFI Funding was created on December 20, 2013, and CCFI Funding II was established on September 19, 2014. As of September 30, 2015 and December 31, 2014, these unrestricted subsidiaries had total assets of $101.3 million and $90.7 million and total liabilities of $70.5 million and $69.4 million, respectively. For the nine months ended September 30, 2015 and 2014 they had total revenues of $72.4 million and $33.5 million, total operating expenses of $44.5 million and $22.5 million, and income before income taxes of $18.1 million and $1.6 million, respectively.

        Insight Holdings was also classified as a "Non-Guarantor Subsidiary" because we consolidated the entity as of April 1, 2013. For the three months and nine months ended September 30, 2014, this entity is included in discontinued operations, net of tax. The remainder of the entities included under "non-Guarantor Subsidiaries" are "Restricted Subsidiaries" as defined in the indentures governing the 2019 notes and the 2020 notes and do not have material assets, liabilities, revenue or expenses.

Results of Operations

Three Months Ended September 30, 2015, Compared to the Three Months Ended September 30, 2014

        The following table sets forth key operating data for the three months ended September 30, 2014 and 2015 (dollars in thousands):

	Three Months Ended September 30,
	2014			2015			Increase (Decrease)						2014			2015
										(Percent)			(Percent of Revenue)
Total Revenues	$	135,985		$	137,588		$	1,603			1.2	%		100.0	%		100.0	%
Operating Expenses
Salaries and benefits		18,918			19,722			804			4.2	%		13.9	%		14.3	%
Provision for losses		55,584			60,378			4,794			8.6	%		40.9	%		43.9	%
Occupancy		7,462			7,572			110			1.5	%		5.5	%		5.5	%
Advertising and marketing		5,486			6,662			1,176			21.4	%		4.0	%		4.8	%
Lease termination costs		—			2,628			2,628			100.0	%		0.0	%		1.9	%
Depreciation and amortization		2,293			2,578			285			12.4	%		1.7	%		1.9	%
Other operating expenses		13,987			15,534			1,547			11.1	%		10.3	%		11.3	%
Total Operating Expenses		103,730			115,074			11,344			10.9	%		76.3	%		83.6	%
Operating Gross Profit		32,255			22,514			(9,741	)		(30.2	)%		23.7	%		16.4	%
Corporate and other expenses
Corporate expenses		20,603			23,984			3,381			16.4	%		15.2	%		17.4	%
Depreciation and amortization		1,521			1,325			(196	)		(12.9	)%		1.1	%		1.0	%
Interest expense, net		14,272			15,319			1,047			7.3	%		10.5	%		11.1	%
Market value of stock repurchase obligation		2,512			(890	)		(3,402	)		(135.4	)%		1.8	%		(0.6	)%
Income tax benefit		(2,530	)		(6,536	)		(4,006	)		158.3	%		(1.9	)%		(4.8	)%
Total corporate and other expenses		36,378			33,202			(3,176	)		(8.7	)%		26.8	%		24.1	%
Net loss before management fee		(4,123	)		(10,688	)		(6,565	)		159.2	%		(3.0	)%		(7.8	)%
Sponsor Management Fee		329			217			(112	)		(34.0	)%		0.2	%		0.2	%
Net Loss	$	(4,452	)	$	(10,905	)	$	(6,453	)		144.9	%		(3.3	)%		(7.9	)%

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Operating Metrics

        The following tables set forth key loan and check cashing operating data as of and for the three months ended September 30, 2014 and 2015:

	Three Months Ended September 30,
	2014			2015
Short-term Loan Operating Data (unaudited):
Loan volume (originations and refinancing) (in thousands)	$	598,404		$	368,714
Number of loan transactions (in thousands)		1,410			970
Average loan size	$	424		$	380
Average fee per new loan	$	46.72		$	48.06
Loan loss provision	$	28,337		$	21,554
Loan loss provision as a percentage of loan volume		4.7	%		5.8	%
Secured loans as percentage of total at September 30th		12.6	%		17.3	%
Medium-term Loan Operating Data (unaudited):
Balance outstanding (in thousands)	$	82,557		$	96,131
Number of loans outstanding		63,853			74,301
Average balance outstanding	$	1,293		$	1,294
Weighted average monthly percentage rate		17.0	%		17.1	%
Allowance as a percentage of finance receivables		24.5	%		27.9	%
Loan loss provision	$	19,703		$	25,400
Secured loans as a percentage of total at September 30th		17.6	%		11.6	%
Check Cashing Data (unaudited):
Face amount of checks cashed (in thousands)	$	738,647		$	633,889
Number of checks cashed (in thousands)		1,508			1,118
Face amount of average check	$	490		$	567
Average fee per check	$	13.80		$	13.88
Returned check expense	$	2,471		$	2,518
Returned check expense as a percent of face amount of checks cashed		0.3	%		0.4	%

Revenue

	Three Months Ended September 30,
(dollars in thousands)	2014		2015		Increase (Decrease)						2014			2015
								(Percent)			(Percent of Revenue)
Short-term Consumer Loan Fees and Interest	$	65,891	$	46,637	$	(19,254	)		(29.2	)%		48.5	%		33.9	%
Medium-term Consumer Loan Fees and Interest		32,681		39,456		6,775			20.7	%		24.0	%		28.7	%
Credit Service Fees		7,514		28,045		20,531			273.2	%		5.5	%		20.4	%
Check Cashing Fees		20,818		15,516		(5,302	)		(25.5	)%		15.3	%		11.3	%
Prepaid Debit Card Services		2,077		2,142		65			3.1	%		1.5	%		1.6	%
Other Income		7,004		5,792		(1,212	)		(17.3	)%		5.2	%		4.1	%
Total Revenue	$	135,985	$	137,588	$	1,603			1.2	%		100.0	%		100.0	%

        For the three months ended September 30, 2015, total revenue increased by $1.6 million, or 1.2%, compared to the same period in 2014. The majority of this growth is attributable to expansion of the internet installment portfolio.

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        Revenue from short-term consumer loan fees and interest for the three months ended September 30, 2015, decreased $19.3 million, or 29.2%, compared to the same period in 2014. The decrease is primarily due to the transition of a portion of our portfolio to the CSO product in certain markets and the consolidation of underperforming retail locations.

        Revenue from medium-term consumer loans for the three months ended September 30, 2015, increased $6.8 million, or 20.7%, compared to the same period in 2014. We grew medium-term consumer loan revenue primarily through expansion of the internet installment portfolio. The continued shift in portfolio towards medium-term consumer loan revenue and the relative growth of this category results in an expansion of provision for loan losses for the quarter.

        Revenue from credit service fees for the three months ended September 30, 2015, increased $20.5 million, or 273.2%, compared to the same period in 2014. Credit service fee revenue increased as a result of the successful transition from short-term consumer loans in certain markets to the CSO product.

        Revenue from check cashing fees and interest for the three months ended September 30, 2015, decreased $5.3 million, or 25.5%, compared to the same period in 2014. The decrease is primarily due to the transition of a portion of our short-term consumer loan portfolio to the CSO product in certain markets which has resulted in reduced loan-related check cashing.

        The total quarterly growth rate of 1.2% represents a decline from our historic growth rate. This lower growth rate reflects the recent consolidation of underperforming retail locations and more restrictive underwriting standards.

Operating Expenses

	Three Months Ended September 30,
(dollars in thousands)	2014		2015		Increase (Decrease)						2014			2015
								(Percent)			(Percent of Revenue)
Salaries and Benefits	$	18,918	$	19,722	$	804			4.2	%		13.9	%		14.3	%
Provision for Loan Losses		55,584		60,378		4,794			8.6	%		40.9	%		43.9	%
Occupancy		7,462		7,572		110			1.5	%		5.5	%		5.5	%
Advertising & Marketing		5,486		6,662		1,176			21.4	%		4.0	%		4.8	%
Lease Termination Costs		—		2,628		2,628			100.0	%		0.0	%		1.9	%
Depreciation & Amortization		2,293		2,578		285			12.4	%		1.7	%		1.9	%
Bank Charges		1,472		1,523		51			3.5	%		1.1	%		1.1	%
Store Supplies		820		627		(193	)		(23.5	)%		0.6	%		0.5	%
Collection Expenses		640		823		183			28.6	%		0.5	%		0.6	%
Telecommunications		1,478		1,559		81			5.5	%		1.1	%		1.1	%
Security		845		624		(221	)		(26.2	)%		0.6	%		0.5	%
License & Other Taxes		453		332		(121	)		(26.7	)%		0.3	%		0.2	%
Loss on Asset Disposal		—		668		668			100.0	%		0.0	%		0.5	%
Other Operating Expenses		8,279		9,378		1,099			13.3	%		6.1	%		6.8	%
Total Operating Expenses		103,730		115,074		11,344			10.9	%		76.3	%		83.6	%
Operating Gross Profit	$	32,255	$	22,514	$	(9,741	)		(30.2	)%		23.7	%		16.4	%

        Operating margin was negatively impacted by the Company's continued shift to longer term products and the costs of consolidating underperforming retail locations during the quarter. This initiative negatively impacted the quarterly performance, but should better position the Company for the future.

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        Salaries and benefits, as a percentage of revenue, increased from 13.9% to 14.3% as compared to the same period in the prior year. However, consolidating underperforming retail locations, workforce reduction, and decreasing operating hours have resulted in a decrease in our expenses of $0.2 million per month from the second quarter of 2015.

        The provision for loan losses grew $4.8 million, or from 40.9% to 43.9% of revenue, for the three months ended September 30, 2015, primarily due to the Company's continued shift towards longer term products which continues to necessitate higher overall reserves. The benefits of changes in underwriting, which were implemented during the second quarter of 2015, have not been fully realized and we believe that the longer term portfolios take longer to reflect the new underwriting standards. Throughout the quarter, the provision for loan losses steadily declined from $21.5 million during July to $18.0 million during September.

        Advertising and marketing expense increased by $1.2 million, or 21.4%, for the three months ended September 30, 2015, as compared to the prior period, primarily due to efforts related to our medium-term products. Advertising and marketing decreased from 5.8% of revenue for the three months ended June 30, 2015 to 4.8% of revenue for the three months ended September 30, 2015 reflecting a lessened focus on market share expansion.

        Lease termination costs represent the remaining lease obligations for closed retail locations as a result of the consolidation of underperforming retail locations. Loss on asset disposal has increased as we have consolidated underperforming retail locations.

        Other operating expenses increased by $1.1 million, or 13.3%, for the three months ended September 30, 2015, as compared to the prior period, primarily as a result of increased verification costs associated with the Company's change in underwriting standards, which were initially implemented in the second quarter of 2015.

        While operating gross profit for the quarter was less than the prior year, we began to see the benefits of the shifts in our strategic priorities was evident through the quarter. Most of the third quarter's operating gross profit degradation as compared to the prior year was realized in the first part of the quarter. For the month of September 2015, operating gross profit was in line with September 2014, evidencing the favorable trends as we exited the quarter.

Corporate and Other Expenses

	Three Months Ended September 30,
(dollars in thousands)	2014			2015			Increase (Decrease)						2014			2015
										(Percent)			(Percent of Revenue)
Corporate Expenses	$	20,603		$	23,984		$	3,381			16.4	%		15.3	%		17.3	%
Depreciation & Amortization		1,521			1,325			(196	)		(12.9	)%		1.1	%		1.0	%
Sponsor Management Fee		329			217			(112	)		(34.0	)%		0.2	%		0.2	%
Interest expense, net		14,272			15,319			1,047			7.3	%		10.5	%		11.1	%
Stock Repurchase Obligation		2,512			(890	)		(3,402	)		(135.4	)%		1.8	%		(0.6	)%
Income tax benefit		(2,530	)		(6,536	)		(4,006	)		158.3	%		(1.9	)%		(4.8	)%
Total Corporate and Other Expenses	$	36,707		$	33,419		$	(3,288	)		(9.0	)%		27.0	%		24.3	%

        The increase in Corporate Expenses for the three months ended September 30, 2015, as compared to the prior year period is primarily the result of growing our corporate compliance and information technology functions.

39

        The stock repurchase obligation is carried at fair market value. The decrease of $3.4 million for the three months ended September 30, 2015, as compared to the prior period is due to a decrease in the likelihood of the obligation requiring cash settlement.

Business Segment Results of Operations for the Three Months Ended September 30, 2015, and September 30, 2014

        The following tables present summarized financial information for our segments:

	As of and for the three months ended September 30, 2015
	Retail Financial Services			% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852					$	80,197								$	601,049
Goodwill		221,101						—									221,101
Other Intangible Assets		831						1,361									2,192
Total Revenues	$	101,029			100.0	%	$	36,559			100.0	%				$	137,588			100.0	%
Provision for Loan Losses		33,588			33.2	%		26,790			73.3	%					60,378			43.9	%
Other Operating Expenses		47,734			47.3	%		6,962			19.0	%					54,696			39.7	%
Operating Gross Profit		19,707			19.5	%		2,807			7.7	%					22,514			16.4	%
Interest Expense, net		9,908			9.8	%		5,411			14.8	%					15,319			11.1	%
Depreciation and Amortization		1,050			1.0	%		275			0.8	%					1,325			1.0	%
Market Value of Stock Repurchase Obligation		(890	)		(0.9	)%		—									(890	)		(0.6	)%
Other Corporate Expenses(a)		—						—						24,201			24,201			17.6	%
Income (loss) from Continuing Operations, before tax		9,639			9.5	%		(2,879	)		(7.9	)%		(24,201	)		(17,441	)		(12.7	)%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $0.3 million for the three month period ending September 30, 2015, have been eliminated.

	As of and for the three months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	105,480		100.0	%	$	30,505		100.0	%				$	135,985			100.0	%
Provision for Loan Losses		34,941		33.1	%		20,643		67.7	%					55,584			40.9	%
Other Operating Expenses		42,657		40.4	%		5,489		17.9	%					48,146			35.4	%
Operating Gross Profit		27,882		26.4	%		4,373		14.3	%					32,255			23.7	%
Interest Expense, net		10,521		10.0	%		3,751		12.3	%					14,272			10.5	%
Depreciation and Amortization		1,078		1.0	%		443		1.5	%					1,521			1.1	%
Market Value of Stock Repurchase Obligation		2,512		2.4	%		—								2,512			1.8	%
Other Corporate Expenses(a)		—					—					20,932			20,932			15.4	%
Income (loss) from Continuing Operations, before tax		13,771		13.1	%		179		0.6	%		(20,932	)		(6,982	)		(5.1	)%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $0.7 million for the three month period ending September 30, 2014, have been eliminated.

40

Retail Financial Services

        Retail financial services represented 73.4%, or $101.0 million, of consolidated revenues for the three months ended September 30, 2015, which was a decrease of $4.5 million, or 4.2%, over the prior period, primarily due to the consolidation of underperforming retail locations. The provision for loan losses was generally in line with the prior year. This is an improvement over the degradation as of the end of our second fiscal quarter, illustrating the benefits of our focus on portfolio performance. Other operating expenses increased as a percentage of revenue primarily due to consolidating underperforming retail locations. The increased provision for loan losses and the consolidation of underperforming retail locations reduced overall gross profit as a percentage of revenue.

Internet Financial Services

        For the three months ended September 30, 2015, total revenues contributed by our internet financial services segment was $36.6 million, an increase of $6.1 million, or 19.8%, over the prior year comparable period. As we expanded this segment, the mix of products shifted towards medium-term products. This along with the lagged benefit of underwriting changes in the internet segment, resulted in a higher provision for loan losses.

Nine Months Ended September 30, 2015, Compared to the Nine Months Ended September 30, 2014

        The following table sets forth key operating data for the nine months ended September 30, 2014, and 2015 (dollars in thousands):

	Nine Months Ended September 30,
	2014			2015			Increase (Decrease)						2014			2015
										(Percent)			(Percent of Revenue)
Total Revenues	$	375,327		$	404,286		$	28,959			7.7	%		100.0	%		100.0	%
Operating Expenses
Salaries and benefits		55,491			60,858			5,367			9.7	%		14.8	%		15.1	%
Provision for losses		129,866			152,204			22,338			17.2	%		34.6	%		37.6	%
Occupancy		21,825			22,868			1,043			4.8	%		5.8	%		5.7	%
Advertising and marketing		13,088			18,965			5,877			44.9	%		3.5	%		4.7	%
Lease termination costs		—			3,454			3,454			100.0	%		—			0.8	%
Depreciation and amortization		6,250			7,462			1,212			19.4	%		1.7	%		1.8	%
Other operating expenses		39,541			44,371			4,830			12.2	%		10.5	%		11.0	%
Total Operating Expenses		266,061			310,182			44,121			16.6	%		70.9	%		76.7	%
Operating Gross Profit		109,266			94,104			(15,162	)		(13.9	)%		29.1	%		23.3	%
Corporate and other expenses
Corporate expenses		59,526			65,984			6,458			10.8	%		15.8	%		16.3	%
Depreciation and amortization		4,389			4,135			(254	)		(5.8	)%		1.2	%		1.0	%
Interest expense, net		40,969			44,678			3,709			9.1	%		10.9	%		11.1	%
Market value of stock repurchase obligation		2,472			120			(2,352	)		(95.1	)%		0.7	%		0.0	%
Income tax expense (benefit)		696			(8,175	)		(8,871	)		(1274.6	)%		0.2	%		(2.0	)%
Total corporate and other expenses		108,052			106,742			(1,310	)		(1.2	)%		28.8	%		26.4	%
Net income (loss) before management fee		1,214			(12,638	)		(13,852	)		(1141.0	)%		0.3	%		(3.1	)%
Sponsor Management Fee		969			738			(231	)		(23.8	)%		0.3	%		0.2	%
Discontinued operations		4,585			—			(4,585	)		(100.0	)%		1.2	%		0.0	%
Net Loss	$	(4,340	)	$	(13,376	)	$	(9,036	)		208.2	%		(1.2	)%		(3.3	)%

41

Operating Metrics

        The following tables set forth key loan and check cashing operating data as of and for the nine months ended September 30, 2014 and 2015:

	Nine Months Ended September 30,
	2014			2015
Short-term Loan Operating Data (unaudited):
Loan volume (originations and refinancing) (in thousands)	$	1,636,559		$	1,079,340
Number of loan transactions (in thousands)		3,839			2,805
Average loan size	$	426		$	385
Average fee per new loan	$	47.06		$	48.58
Loan loss provision	$	64,749		$	51,831
Loan loss provision as a percentage of loan volume		4.0	%		4.8	%
Secured loans as percentage of total at September 30th		12.6	%		17.3	%
Medium-term Loan Operating Data (unaudited):
Balance outstanding (in thousands)	$	82,557		$	96,131
Number of loans outstanding		63,853			74,301
Average balance outstanding	$	1,293		$	1,294
Weighted average monthly percentage rate		17.0	%		17.1	%
Allowance as a percentage of finance receivables		24.5	%		27.9	%
Loan loss provision	$	47,279		$	65,082
Secured loans as a percentage of total at September 30th		17.6	%		11.6	%
Check Cashing Data (unaudited):
Face amount of checks cashed (in thousands)	$	2,188,056		$	1,981,805
Number of checks cashed (in thousands)		4,369			3,344
Face amount of average check	$	501		$	593
Average fee per check	$	14.29		$	14.64
Returned check expense	$	6,027		$	7,057
Returned check expense as a percent of face amount of checks cashed		0.3	%		0.4	%

Revenue

	Nine Months Ended September 30,
(dollars in thousands)	2014		2015		Increase (Decrease)						2014			2015
								(Percent)			(Percent of Revenue)
Short-term Consumer Loan Fees and Interest	$	180,671	$	136,288	$	(44,383	)		(24.6	)%		48.2	%		33.7	%
Medium-term Consumer Loan Fees and Interest		86,007		112,834		26,827			31.2	%		22.9	%		27.9	%
Credit Service Fees		20,034		80,979		60,945			304.2	%		5.3	%		20.0	%
Check Cashing Fees		62,435		48,954		(13,481	)		(21.6	)%		16.6	%		12.1	%
Prepaid Debit Card Services		5,407		6,625		1,218			22.5	%		1.4	%		1.6	%
Other Income		20,773		18,606		(2,167	)		(10.4	)%		5.6	%		4.7	%
Total Revenue	$	375,327	$	404,286	$	28,959			7.7	%		100.0	%		100.0	%

        For the nine months ended September 30, 2015, total revenue increased by $29.0 million, or 7.7%, compared to the same period in 2014. The majority of this growth is attributable to expansion of the internet installment portfolio.

42

        Revenue from short-term consumer loan fees and interest for the nine months ended September 30, 2015, decreased $44.4 million, or 24.6%, compared to the same period in 2014. The decrease is primarily due to the successful transition of a portion of our portfolio to the CSO product in certain markets.

        Revenue from medium-term consumer loans fees and interest for the nine months ended September 30, 2015, increased $26.8 million, or 31.2%, compared to the same period in 2014. We grew medium-term consumer loan revenue primarily through expansion of the internet installment portfolio. The continued shift in portfolio towards medium-term consumer loan revenue and the relative growth of this category resulted in an increase in the provision for loan losses for the year.

        Revenue from credit service fees for the nine months ended September 30, 2015, increased $60.9 million, or 304.2%, compared to the same period in 2014. Credit service fee revenue increased as a result of the successful transition from short-term consumer loans in certain markets to the CSO product.

        Revenue from check cashing fees for the nine months ended September 30, 2015, decreased $13.5 million, or 21.6%, compared to the same period in 2014. The decrease is primarily due to the transition of a portion of our short-term consumer loan portfolio to the CSO product in certain markets which has resulted in reduced loan-related check cashing.

Operating Expenses

	Nine Months Ended September 30,
(dollars in thousands)	2014		2015		Increase (Decrease)						2014			2015
								(Percent)			(Percent of Revenue)
Salaries and Benefits	$	55,491	$	60,858	$	5,367			9.7	%		14.8	%		15.1	%
Provision for Loan Losses		129,866		152,204		22,338			17.2	%		34.6	%		37.6	%
Occupancy		21,825		22,868		1,043			4.8	%		5.8	%		5.7	%
Advertising & Marketing		13,088		18,965		5,877			44.9	%		3.5	%		4.7	%
Lease Termination Costs		—		3,454		3,454			100.0	%		0.0	%		0.9	%
Depreciation & Amortization		6,250		7,462		1,212			19.4	%		1.7	%		1.8	%
Bank Charges		3,918		4,404		486			12.4	%		1.0	%		1.1	%
Store Supplies		2,616		2,161		(455	)		(17.4	)%		0.7	%		0.5	%
Collection Expenses		2,338		2,431		93			4.0	%		0.6	%		0.6	%
Telecommunications		4,673		4,946		273			5.8	%		1.2	%		1.2	%
Security		2,144		2,129		(15	)		(0.7	)%		0.6	%		0.5	%
License & Other Taxes		1,208		1,283		75			6.2	%		0.3	%		0.3	%
Loss on Asset Disposal		—		1,017		1,017			100.0	%		0.0	%		0.3	%
Other Operating Expenses		22,644		26,000		3,356			14.8	%		6.1	%		6.4	%
Total Operating Expenses		266,061		310,182		44,121			16.6	%		70.9	%		76.7	%
Operating Gross Profit	$	109,266	$	94,104	$	(15,162	)		(13.9	)%		29.1	%		23.3	%

        Excluding provision for loan losses, total operating expenses increased by $21.8 million, or from 36.3% to 39.1% of revenue, for the nine months ended September 30, 2015, compared to the prior period, primarily due to expanding our portfolios, new retail locations during the first and second quarters, and the cost of consolidating underperforming stores during the third quarter.

        Salaries and benefits, as a percentage of revenue, increased from 14.8% to 15.1% as compared to the prior year period as a result of new retail locations during the first and second quarters. Cost savings measures such as consolidating underperforming retail locations during the third quarter, workforce reduction, and reducing operating hours have been implemented over the course of the quarter. During the third quarter, results reflected the benefits of our cost rationalization initiatives, with more favorable trends headed into the fourth quarter.

43

        The provision for loan losses grew $22.3 million, or from 34.6% to 37.6% of revenue, for the nine months ended September 30, 2015, due to growth of medium-term products, and higher provisioning associated with new retail locations and internet expansion. There is a continuing general shift towards longer term products which necessitates a higher overall reserve. During the latter half of the third quarter the benefits of our heightened focus on portfolio performance resulted in an improving provision for loan loss trend.

        As a percentage of revenue, occupancy decreased from 5.8% to 5.7% as compared to the prior year. The decrease is a result of the realization of operating leverage from expanding our revenue in new stores and on the internet.

        Advertising and marketing expense increased by $5.9 million, or 44.9%, for the nine months ended September 30, 2015, as compared to the prior period, primarily due to marketing activities focused on medium-term product expansion.

        Lease termination costs represent the remaining lease obligation for closed retail locations as a result of retail location consolidation. Loss on asset disposal has increased as we have consolidated underperforming retail locations.

        Other operating expenses increased by $3.4 million, or 14.8%, for the nine months ended September 30, 2015, as compared to the prior period, primarily as a result of an increase in the average number of retail locations.

Corporate and Other Expenses

	Nine Months Ended September 30,
(dollars in thousands)	2014		2015			Increase (Decrease)						2014			2015
									(Percent)			(Percent of Revenue)
Corporate Expenses	$	59,526	$	65,984		$	6,458			10.8	%		15.9	%		16.3	%
Depreciation & Amortization		4,389		4,135			(254	)		(5.8	)%		1.2	%		1.0	%
Sponsor Management Fee		969		738			(231	)		(23.8	)%		0.3	%		0.2	%
Interest expense, net		40,969		44,678			3,709			9.1	%		10.8	%		11.1	%
Stock Repurchase Obligation		2,472		120			(2,352	)		(95.1	)%		0.7	%		0.0	%
Discontinued Operations		4,585		—			(4,585	)		(100.0	)%		1.2	%		0.0	%
Income tax expense (benefit)		696		(8,175	)		(8,871	)		(1274.6	)%		0.2	%		(2.0	)%
Total Corporate and Other Expenses	$	113,606	$	107,480		$	(6,126	)		(5.4	)%		30.3	%		26.6	%

        The increase in Corporate Expenses for the nine months ended September 30, 2015 as compared to the prior year period, is primarily the result of growing our corporate compliance and information technology functions.

        The stock repurchase obligation is carried at fair market value. The decrease of $2.4 million for the nine months ended September 30, 2015, as compared to the prior period is due to a decrease in the likelihood of the obligation requiring cash settlement.

44

Business Segment Results of Operations for the Nine Months Ended September 30, 2015, and September 30, 2014

        The following tables present summarized financial information for our segments:

	As of and for the nine months ended September 30, 2015
	Retail Financial Services		% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852				$	80,197								$	601,049
Goodwill		221,101					—									221,101
Other Intangible Assets		831					1,361									2,192
Total Revenues	$	301,556		100.0	%	$	102,730			100.0	%				$	404,286			100.0	%
Provision for Loan Losses		84,627		28.1	%		67,577			65.8	%					152,204			37.6	%
Other Operating Expenses		138,451		45.9	%		19,527			19.0	%					157,978			39.1	%
Operating Gross Profit		78,478		26.0	%		15,626			15.2	%					94,104			23.3	%
Interest Expense, net		29,241		9.7	%		15,437			15.0	%					44,678			11.1	%
Depreciation and Amortization		3,290		1.1	%		845			0.8	%					4,135			1.0	%
Market Value of Stock Repurchase Obligation		120		0.0	%		—									120			0.0	%
Other Corporate Expenses(a)		—					—						66,722			66,722			16.5	%
Income (loss) from Continuing Operations, before tax		45,827		15.2	%		(656	)		(0.6	)%		(66,722	)		(21,551	)		(5.3	)%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $1.6 million for the nine month period ending September 30, 2015, have been eliminated.

	As of and for the nine months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated		% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	295,010		100.0	%	$	80,317		100.0	%				$	375,327		100.0	%
Provision for Loan Losses		81,029		27.5	%		48,837		60.8	%					129,866		34.6	%
Other Operating Expenses		123,436		41.8	%		12,759		15.9	%					136,195		36.3	%
Operating Gross Profit		90,545		30.7	%		18,721		23.3	%					109,266		29.1	%
Interest Expense, net		31,332		10.6	%		9,637		12.0	%					40,969		10.9	%
Depreciation and Amortization		2,981		1.0	%		1,408		1.8	%					4,389		1.2	%
Market Value of Stock Repurchase Obligation		2,472		0.8	%		—								2,472		0.7	%
Other Corporate Expenses(a)		—					—					60,495			60,495		16.1	%
Income (loss) from Continuing Operations, before tax		53,760		18.2	%		7,676		9.6	%		(60,495	)		941		0.3	%

(a)

Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

45

        Intersegment revenues of $2.0 million for the nine month period ending September 30, 2014, have been eliminated.

Retail Financial Services

        Retail financial services represented 74.6%, or $301.6 million, of consolidated revenues for the nine months ended September 30, 2015, which was an increase of $6.5 million, or 2.2%, over the prior period primarily due to an increase in the average number of retail locations.

        The provision for loan losses increased as a percentage of revenue as a result of the continued shift to longer term products and the higher provisioning primarily related to new retail locations. Other operating expenses increased as a percentage of revenue due to new retail locations during the first and second quarters, and the consolidation of underperforming retail locations during the third quarter. New retail locations require a period of time to gain market share and revenue prior to achieving operating leverage. The increased provision for loan losses, the impact of new retail locations, and the cost of consolidating underperforming retail locations reduced overall gross profit as a percentage of revenue.

Internet Financial Services

        For the nine months ended September 30, 2015, total revenues contributed by our internet financial services segment was $102.7 million, an increase of $22.4 million, or 27.9%, over the prior year comparable period. As we expand this segment, the mix of products shifted towards medium-term products resulting in higher provision for loan losses.

Liquidity and Capital Resources

        We have historically funded our liquidity needs through cash flow from operations and borrowings under our revolving credit facilities. We believe that cash flow from operations and available cash, together with availability of existing and future credit facilities, will be adequate to meet our liquidity needs for the foreseeable future. Beyond the immediate future, funding capital expenditures, working capital and debt requirements will depend on our future financial performance, which is subject to many economic, commercial, financial and other factors that are beyond our control. In addition, these factors may require us to pursue alternative sources of capital such as asset-specific financing, incurrence of additional indebtedness, or asset sales.

Nine Month Cash Flow Analysis

        The table below summarizes our cash flows for the nine months ended September 30, 2014, and 2015.

	Nine Months Ended September 30,
(in thousands)	2014			2015
Net Cash Provided by Operating Activities	$	161,729		$	153,852
Net Cash Used in Investing Activities		(162,776	)		(152,659	)
Net Cash Provided by Financing Activities		34,776			25,267
Net Increase in Cash and Cash Equivalents	$	33,729		$	26,460

        Cash Flows from Operating Activities.    During the nine months ended September 30, 2015, net cash provided by operating activities was $153.9 million compared to $161.7 million during the prior year comparable period, a decrease of $7.8 million. Cash flows from operating activities decreased primarily due to the net loss, net of the non-cash impact of increased provisioning in 2015.

46

        Cash Flows from Investing Activities.    During the nine months ended September 30, 2015, net cash used in investing activities was $152.7 million. The primary uses of cash were the net origination of $135.5 million of loans and $16.3 million in capital expenditures as we grew our portfolios and retail location counts. Starting in the second quarter, we made the strategic decision to suspend our retail location openings. During the nine months ended September 30, 2014, net cash used in investing activities was $162.8 million, primarily due to loan originations and capital expenditures.

        Cash Flows from Financing Activities.    During the nine months ended September 30, 2015, net cash provided by financing activities was $25.3 million. The primary sources of cash were a $27.2 million draw on our revolving credit facility and a $2.4 million draw on our subsidiary note. During the nine months ended September 30, 2014, net cash provided by financing activities was $34.8 million primarily due to draws on our revolving credit facility and subsidiary note.

Financing Instruments

        The indentures governing our senior secured notes contain certain covenants and events of default that are customary with respect to non-investment grade debt securities, including limitations on our ability to incur additional indebtedness, pay dividends on or make other distributions or repurchase our capital stock, make certain investments, enter into certain types of transactions with affiliates, create liens and sell certain assets or merge with or into other companies. The agreement governing our $31.7 million revolving credit facility contains restrictive covenants that limit our ability to incur additional indebtedness, pay dividends on or make other distributions or repurchase our capital stock, make certain investments, enter into certain types of transactions with affiliates, create liens and sell certain assets or merge with or into other companies, in each case to the same extent as the indentures governing our notes. As of December 31, 2014, and September 30, 2015, we were in compliance with these covenants.

        The revolving credit facility due April 2015 was amended in March 2015 and is now structured as a $31.7 million revolving credit facility with an accordion feature that allows us to request an increase in the revolving credit facility of up to $40.0 million in total availability, so long as no event of default exists. The revolving credit facility is a two-year facility scheduled to mature on March 27, 2017. The interest rate is one-month LIBOR plus 14% with a 15% floor, and there is a make-whole payment if the revolving principal balance falls below 85% of the aggregate commitment on or before September 27, 2016. The 1-month LIBOR rate was 0.20% and 0.15% at September 30, 2015, and December 31, 2014, respectively, and the prime rate was 3.25% at both September 30, 2015, and December 31, 2014. The revolving credit facility includes an undrawn line fee of 3.0% of the unused commitments.

        We may from time to time repurchase our outstanding debt, including in the open market through privately negotiated transactions, by exercising redemption rights or otherwise.

Capital Expenditures

        For the nine months ended September 30, 2014, and 2015, we spent $18.4 million and $16.3 million, respectively, on capital expenditures. The increase is primarily due to opening retail locations in the Alabama, Florida, Tennessee, and Virginia markets. During the third quarter of 2015, we made the strategic decision to only open certain retail locations that were in process and capital expenditures have slowed during the quarter.

Seasonality

        Our business is seasonal based on the liquidity and cash flow needs of our customers. Customers cash tax refund checks primarily in the first calendar quarter of each year which is traditionally our strongest check cashing quarter. We typically see our loan portfolio decline in the first quarter as a

47

result of the consumer liquidity created through income tax refund checks. Following the first quarter, we typically see our loan portfolio expand through the remainder of the year with the third and fourth quarters showing the strongest loan demand due to the holiday season.

Contractual Obligations and Commitments

        A non-guarantor subsidiary of ours issued a series of related party seller notes as a portion of the consideration for the acquisition of 54 retail locations in Florida ("Florida Acquisition"). The related party Florida seller notes are secured by the assets of the subsidiary. All of the related party Florida seller notes that remain outstanding mature in August 2016. The related party Florida seller notes contain certain covenants and provisions which are enforceable upon the non-guarantor subsidiary. The related party Florida seller notes are non-recourse to us and the guarantor subsidiaries. This non-guarantor subsidiary may offset against the related party Florida seller notes for certain adjustments and indemnification related to the Florida Acquisition.

        The $8.0 million and $9.0 million non-guarantor notes were amended to provide the non-guarantor subsidiary obligor the option to prepay the notes at a 15% discount from October 1, 2014 through September 30, 2015.

        On September 19, 2014, we created a non-guarantor subsidiary in order to fund growth in our internet portfolios. The non-guarantor subsidiary funding came from a $35.0 million subsidiary note, which was used to purchase loans from guarantor subsidiaries.

        On July 19, 2014, a guarantor subsidiary of ours entered in to a $1.4 million term note with a non-related entity for the acquisition of a share of an airplane. We recorded our $1.1 million share of the joint note, but both parties are joint and severally liable. The joint note had an outstanding balance of $1.3 million at September 30, 2015 and our share of the note was $1.0 million.

        On December 31, 2014, we entered in to a $0.5 million term note for licensed software and services.

Impact of Inflation

        Our results of operations are not materially impacted by fluctuations in inflation.

Balance Sheet Variations

        Cash and cash equivalents, accounts payable, accrued liabilities, money orders payable and revolving advances vary because of seasonal and day-to-day requirements resulting primarily from maintaining cash for cashing checks and making loans, and the receipt and remittance of cash from the sale of prepaid debit cards, wire transfers, money orders and the processing of bill payments.

Loan Portfolio

        As of September 30, 2015, we offered loans in 34 states and had ceased all foreign operations in order to focus on domestic operations. We have established a loan loss allowance in respect of our loans receivable at a level that our management believes to be adequate to absorb known or probable losses from loans made by us and accruals for losses in respect of loans made by third parties. Our policy for determining the loan loss allowance is based on historical experience, as well as our management's review and analysis of the payment and collection of the loans within prior periods. All loans and services, regardless of type, are made in accordance with state regulations, and, therefore, the terms of the loans and services may vary from state to state. Loan fees and interest are earned on loans. Products which allow for an upfront fee are recognized over the loan term. Other products' interest is earned over the term of the loan.

48

        As of September 30, 2015, and December 31, 2014, our total finance receivables net of unearned advance fees were approximately $174.2 million and $190.0 million, respectively.

Off-Balance Sheet Arrangements

        In certain markets, we arrange for consumers to obtain consumer loan products from one of several independent third-party lenders whereby we act as a facilitator. For consumer loan products originated by third-party lenders under these programs, each lender is responsible for providing the criteria by which the consumer's application is underwritten and, if approved, determining the amount of the consumer loan. We are responsible for assessing whether or not we will guarantee such loans. When a consumer executes an agreement with us under these programs, we agree, for a fee payable to us by the consumer, to provide certain services to the consumer, one of which is to guarantee the consumer's obligation to repay the loan received by the consumer from the third-party lender if the consumer fails to do so. The guarantee represents an obligation to purchase specific loans that go into default. As of September 30, 2015, and December 31, 2014, the outstanding amount of active consumer loans was $42.5 million and $52.7 million, respectively, which were guaranteed by us. The accrual for third party loan losses, which represents the estimated fair value of the liability for estimated losses on consumer loans guaranteed by us, was $3.0 million and $4.4 million as of September 30, 2015, and December 31, 2014, respectively.

ITEM 3.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

        As of September 30, 2015, we have no material market risk sensitive instruments entered into for trading or other purposes, as defined by GAAP.

Interest rate risk

        The cash and cash equivalents reflected on our balance sheet represent largely uninvested cash in our branches and cash-in-transit. The amount of interest income we earn on these funds will decline with a decline in interest rates. However, due to the short-term nature of short-term investment grade securities and money market accounts, an immediate decline in interest rates would not have a material impact on our financial position, results of operations or cash flows.

        As of September 30, 2015, we had $497.1 million of indebtedness, of which, $27.2 million outstanding under our revolving credit facility is subject to variable interest rates based on Prime and LIBOR rates. In addition, we have access to an additional $11.5 million of line of credit which is subject to variable interest rates.

ITEM 4.    CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures

        The Company maintains disclosure controls and procedures, as defined in Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the "Exchange Act," that are designed to ensure that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. The Company's management carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on the evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that the Company's disclosure controls and procedures were effective as of September 30, 2015.

49

Internal Control Over Financial Reporting

        There were no changes in the Company's internal control over financial reporting, as defined in Rule 15d-15(f) under the Exchange Act, during the quarter ended September 30, 2015, that have materially affected, or are reasonably likely to affect, the Company's internal control over financial reporting.

PART II—OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS.

        We and our subsidiaries are party to a variety of legal, administrative, regulatory and government proceedings, claims and inquiries arising in the normal course of business. While the results of these proceedings, claims and inquiries cannot be predicted with certainty, we believe that the final outcome of the foregoing will not have a material adverse effect on our financial condition, results of operations or cash flows. Further, legal proceedings have and may in the future be instituted against us that purport to be class actions or multiparty litigation. In most of these instances, we believe that these actions are subject to arbitration agreements and that the plaintiffs are compelled to arbitrate with us on an individual basis. In the event that a lawsuit purports to be a class action, the amount of damages for which we might be responsible is uncertain. In addition, any such amount would depend upon proof of the allegations and on the number of persons who constitute the class of affected persons.

ITEM 1A.    RISK FACTORS.

        There has been no material changes with respect to the risk factors disclosed under the "Item 1A Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2014.

ITEM 6.    EXHIBITS.

        The following exhibits are filed or furnished as part of this report:

Exhibit No.		Description of Exhibit
	31.1	Certification Pursuant to Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, signed by the Chief Executive Officer
	31.2	Certification Pursuant to Rule 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, signed by the Chief Financial Officer
	32.1	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, signed by the Chief Executive Officer
	32.2	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, signed by the Chief Financial Officer
	101	Interactive Data File: (i) Consolidated Balance Sheets as of September 30, 2015 (unaudited) and December 31, 2014; (ii) Consolidated Statements of Operations for the Three Months and Nine Months Ended September 30, 2015 (unaudited) and September 30, 2014 (unaudited); (iii) Consolidated Statements of Stockholders' Equity for the Nine Months Ended September 30, 2015 (unaudited); (iv) Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2015 (unaudited) and September 30, 2014 (unaudited); and (v) Notes to Consolidated Financial Statements (unaudited)—submitted herewith pursuant to Rule 406T

50

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 16, 2015

Community Choice Financial Inc. and Subsidiaries
(registrant)

/s/ MICHAEL DURBIN
Michael Durbin
Principal Financial and
Principal Accounting Officer

51

EX-31.1

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EXHIBIT 31.1

CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER PURSUANT TO
SECURITIES EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a), AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, William E. Saunders, Jr., certify that:

1.

I have reviewed this quarterly report on Form 10-Q of Community Choice Financial Inc.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.

The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: November 16, 2015 By: /s/ WILLIAM E. SAUNDERS, JR.
William E. Saunders, Jr.
Chief Executive Officer
Principal Executive Officer

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EXHIBIT 31.1

CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECURITIES EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a), AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

EX-31.2

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EXHIBIT 31.2

CERTIFICATION BY THE CHIEF FINANCIAL OFFICER PURSUANT TO
SECURITIES EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a), AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael Durbin, certify that:

1.

I have reviewed this quarterly report on Form 10-Q of Community Choice Financial Inc.;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.

The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: November 16, 2015 By: /s/ MICHAEL DURBIN
Michael Durbin
Chief Financial Officer
Principal Financial and
Principal Accounting Officer

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EXHIBIT 31.2

CERTIFICATION BY THE CHIEF FINANCIAL OFFICER PURSUANT TO SECURITIES EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a), AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

EX-32.1

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EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        In connection with the Quarterly Report of Community Choice Financial Inc. (the "Company") on Form 10-Q for the period ended September 30, 2015 (the "Report"), I, William E. Saunders, Jr., Chief Executive Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (the "Sarbanes- Oxley Act"), that to my knowledge:

(1)

the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); and



(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: November 16, 2015 /s/ WILLIAM E. SAUNDERS, JR.
William E. Saunders, Jr.
Chief Executive Officer
Principal Executive Officer

        This certification accompanies this Report on Form 10-Q pursuant to Section 906 of the Sarbanes-Oxley Act and shall not, except to the extent required by such Sarbanes-Oxley Act, be deemed filed by the Company for purposes of Section 18 of the Exchange Act. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

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EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

EX-32.2

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EXHIBIT 32.2

CERTIFICATION REQUIRED BY 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        In connection with the Quarterly Report of Community Choice Financial Inc. (the "Company") on Form 10-Q for the period ended September 30, 2015 (the "Report"), I, Michael Durbin, Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act"), that to my knowledge:

(1)

the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); and



(2)

the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: November 16, 2015 /s/ MICHAEL DURBIN
Michael Durbin
Chief Financial Officer
Principal Financial and
Principal Accounting Officer

        This certification accompanies this Report on Form 10-Q pursuant to Section 906 of the Sarbanes-Oxley Act and shall not, except to the extent required by such Sarbanes-Oxley Act, be deemed filed by the Company for purposes of Section 18 of the Exchange Act. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.

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EXHIBIT 32.2

CERTIFICATION REQUIRED BY 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

XML

Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Details 3) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($) item	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($) item	Dec. 31, 2014 USD ($)
Changes in the allowance for the loan losses by product type
Balance at the beginning of the period			$ 30,363
Balance at the end of the period	$ 31,131		31,131
Allowance for TDR's	60,378	$ 55,584	152,204	$ 129,866
Third party lender
Changes in the allowance for the loan losses by product type
Balance at the beginning of the period	3,029	1,835	4,434	1,481
Provision	10,906	5,073	28,234	11,811
Charge-offs, net	(10,904)	(4,847)	(29,637)	(11,231)
Balance at the end of the period	3,031	2,061	3,031	2,061
Total gross finance receivables for which accrual for third-party lender losses has been recorded	42,498		42,498		$ 52,680
Consumer Borrower
Changes in the allowance for the loan losses by product type
Balance at the beginning of the period	29,283	24,296	30,363	18,008
Provision	46,954	48,040	116,913	112,028
Charge-offs, net	(70,569)	(72,134)	(187,866)	(186,531)
Recoveries	25,463	26,005	71,721	82,702
Balance at the end of the period	31,131	26,207	31,131	26,207
Total Finance receivables at the end of the period	$ 176,382	$ 212,645	$ 176,382	$ 212,645	193,475
Allowance as a percentage of receivable	17.65%	12.32%	17.65%	12.32%
Troubled debt restructuring
Changes in the allowance for the loan losses by product type
Number of troubled debt restructuring | item		0		0
Allowance for TDR's	$ 118		$ 387
Net carrying value of TDR's	296		949
Short-term consumer loans | Consumer Borrower
Changes in the allowance for the loan losses by product type
Balance at the beginning of the period	4,462	$ 5,206	5,141	$ 5,631
Provision	21,554	28,337	51,831	64,749
Charge-offs, net	(44,243)	(51,345)	(116,960)	(141,610)
Recoveries	22,377	23,759	64,138	77,187
Balance at the end of the period	4,150	5,957	4,150	5,957
Total Finance receivables at the end of the period	$ 80,251	$ 130,088	$ 80,251	$ 130,088	96,015
Allowance as a percentage of receivable	5.17%	4.58%	5.17%	4.58%
Debt Sales	$ 1,262		$ 1,504
Medium term consumer loans | Consumer Borrower
Changes in the allowance for the loan losses by product type
Balance at the beginning of the period	24,821	$ 19,090	25,222	$ 12,377
Provision	25,400	19,703	65,082	47,279
Charge-offs, net	(26,326)	(20,789)	(70,906)	(44,921)
Recoveries	3,086	2,246	7,583	5,515
Balance at the end of the period	26,981	20,250	26,981	20,250
Total Finance receivables at the end of the period	$ 96,131	$ 82,557	$ 96,131	$ 82,557	$ 97,460
Allowance as a percentage of receivable	28.07%	24.53%	28.07%	24.53%
Debt Sales	$ 1,005		$ 1,394
Medium term consumer loans | Troubled debt restructuring | Consumer Borrower
Changes in the allowance for the loan losses by product type
Provision and write off	360		1,027
Payment defaults for loans evaluated for impairment	0		0
Check cashing | Consumer Borrower
Changes in the allowance for the loan losses by product type
Provision	$ 2,518	$ 2,471	$ 7,057	$ 6,027
Debt Sales		$ 1,495		$ 1,646

XML

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Details 22)	Sep. 30, 2015
Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information
Ownership interest (as a percent)	100.00%

XML

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock-Based Compensation
Stock-based compensation costs	$ 115	$ 378	$ 487	$ 1,970
Unrecognized stock-based compensation costs to be recognized over future periods	1,044	$ 2,026	1,044	2,026
Unrecognized stock-based compensation costs to be recognized in future periods for awards that vest solely upon change in control	726		726
Unrecognized stock-based compensation costs to be recognized in future periods for awards that vest over requisite service period or upon change in control	$ 318		$ 318
Weighted average period over which unrecognized stock-based compensation costs are expected to be recognized, for awards that vest over requisite service period or upon change in control			9 months 18 days
Income tax benefit recognized in the consolidated statements of operations for share-based compensation arrangements			$ 195	$ 788

XML

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Current Assets
Cash and cash equivalents	$ 104,194	$ 77,734
Restricted cash	4,384	3,877
Current Portion	129,037	140,418
Short-term investments, certificates of deposit	1,115	1,115
Card related pre-funding and receivables	1,931	2,606
Other current assets	25,683	25,840
Deferred tax asset, net	12,770	12,770
Total current assets	279,114	264,360
Noncurrent Assets
Non-Current portion	14,077	19,251
Property, leasehold improvements and equipment, net	46,512	39,635
Goodwill	221,101	222,565	$ 295,186
Other intangible assets	2,192	3,545	4,158
Security deposits	3,156	2,653
Deferred tax asset, net	26,546	17,052
Deferred debt issuance costs	8,351	9,328
Total assets	601,049	578,389	$ 679,499
Current Liabilities
Current portion of capital lease obligation	1,400	1,166
Current portion of related party Florida seller notes	10,797	2,786
Less current maturities	213	383
Deferred revenue	3,084	2,993
Accrued interest	19,780	8,189
Money orders payable	7,580	9,090
Accounts payable and accrued liabilities	34,388	36,376
Total current liabilities	77,242	60,983
Noncurrent Liabilities
Lines of credit	27,200
Subsidiary Note Payable Non Current	35,954	33,754
Capital lease obligation	1,547	1,806
Stock repurchase obligation	4,250	4,130
Lease termination payable	1,614
Related party Florida seller notes		9,346
Senior secured notes	420,000	420,000
Deferred Revenue	743	2,982
Total liabilities	568,550	533,001
Stockholders' Equity (Deficit)
Total stockholders' equity	32,499	45,388
Total liabilities and stockholders' equity	601,049	578,389
Unrestricted subsidiaries
Noncurrent Assets
Total assets	101,267	90,718
Current Liabilities
Total current liabilities	70,496	69,380
Reportable legal entities | Community Choice Financial
Noncurrent Assets
Investment in Subsidiaries	408,296	368,838
Deferred debt issuance costs	8,030	8,950
Total assets	416,326	377,788
Current Liabilities
Accrued interest	19,468	8,046
Total current liabilities	19,468	8,046
Noncurrent Liabilities
Lines of credit	27,200
Senior secured notes	420,000	420,000
Total liabilities	466,668	428,046
Stockholders' Equity (Deficit)
Total stockholders' equity	(50,342)	(50,258)
Total liabilities and stockholders' equity	416,326	377,788
Reportable legal entities | Subsidiary Guarantors
Current Assets
Cash and cash equivalents	75,532	63,372
Restricted cash	4,384	3,877
Current Portion	95,054	101,493
Short-term investments, certificates of deposit	1,115	1,115
Card related pre-funding and receivables	1,931	2,606
Other current assets	56,121	45,856
Deferred tax asset, net	12,770	12,770
Total current assets	246,907	231,089
Noncurrent Assets
Investment in Subsidiaries	15,996	15,168
Non-Current portion	14,077	19,251
Property, leasehold improvements and equipment, net	43,641	36,734
Goodwill	190,066	191,530
Other intangible assets	2,015	2,902
Security deposits	3,001	2,486
Deferred tax asset, net	26,546	17,052
Deferred debt issuance costs	190	50
Total assets	542,439	516,262
Current Liabilities
Current portion of capital lease obligation	1,283	1,050
Less current maturities	213	383
Deferred revenue	3,084	2,993
Accrued interest	3	1
Money orders payable	7,580	8,508
Accounts payable and accrued liabilities	49,226	39,242
Total current liabilities	61,389	52,177
Noncurrent Liabilities
Subsidiary Note Payable Non Current	954	1,154
Capital lease obligation	1,468	1,635
Lease termination payable	1,523
Deferred Revenue	743	2,982
Total liabilities	66,077	57,948
Stockholders' Equity (Deficit)
Total stockholders' equity	476,362	458,314
Total liabilities and stockholders' equity	542,439	516,262
Reportable legal entities | Non-Guarantor Subsidiaries
Current Assets
Cash and cash equivalents	28,662	14,362
Current Portion	38,154	41,181
Other current assets	82	101
Total current assets	66,898	55,644
Noncurrent Assets
Property, leasehold improvements and equipment, net	2,871	2,901
Goodwill	31,035	31,035
Other intangible assets	177	643
Security deposits	155	167
Deferred debt issuance costs	131	328
Total assets	101,267	90,718
Current Liabilities
Current portion of capital lease obligation	117	116
Current portion of related party Florida seller notes	10,797	2,786
CCFI Funding Notes	5,353	5,353
Accrued interest	1,608	640
Money orders payable		582
Accounts payable and accrued liabilities	13,201	13,656
Total current liabilities	31,076	23,133
Noncurrent Liabilities
Subsidiary Note Payable Non Current	35,000	32,600
Capital lease obligation	79	171
Stock repurchase obligation	4,250	4,130
Lease termination payable	91
Related party Florida seller notes		9,346
Total liabilities	70,496	69,380
Stockholders' Equity (Deficit)
Total stockholders' equity	30,771	21,338
Total liabilities and stockholders' equity	101,267	90,718
Eliminations
Current Assets
Current Portion	(4,171)	(2,256)
Other current assets	(30,520)	(20,117)
Total current assets	(34,691)	(22,373)
Noncurrent Assets
Investment in Subsidiaries	(424,292)	(384,006)
Total assets	(458,983)	(406,379)
Current Liabilities
CCFI Funding Notes	(5,353)	(5,353)
Accrued interest	(1,299)	(498)
Accounts payable and accrued liabilities	(28,039)	(16,522)
Total current liabilities	(34,691)	(22,373)
Noncurrent Liabilities
Total liabilities	(34,691)	(22,373)
Stockholders' Equity (Deficit)
Total stockholders' equity	(424,292)	(384,006)
Total liabilities and stockholders' equity	$ (458,983)	$ (406,379)

XML

Operating and Capital Lease Commitments and Total Rental Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Operating and Capital Lease Commitments and Total Rental Expense
Rental expense	$ 7,938	$ 7,781	$ 23,894	$ 22,721
Lease termination costs	$ (2,628)		$ (3,454)

XML

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

Schedule of condensed consolidating balance sheet

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Balance Sheet (unaudited)
September 30, 2015

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	—		$	75,532	$	28,662	$	—		$	104,194
Restricted cash		—			4,384		—		—			4,384
Finance receivables, net		—			95,054		38,154		(4,171	)		129,037
Short-term investments, certificates of deposit		—			1,115		—		—			1,115
Card related pre-funding and receivables		—			1,931		—		—			1,931
Other current assets		—			56,121		82		(30,520	)		25,683
Deferred tax asset, net		—			12,770		—		—			12,770
Total current assets		—			246,907		66,898		(34,691	)		279,114
Noncurrent Assets
Investment in Subsidiaries		408,296			15,996		—		(424,292	)		—
Finance receivables, net		—			14,077		—		—			14,077
Property, leasehold improvements and equipment, net		—			43,641		2,871		—			46,512
Goodwill		—			190,066		31,035		—			221,101
Other intangible assets		—			2,015		177		—			2,192
Security deposits		—			3,001		155		—			3,156
Deferred tax asset, net		—			26,546		—		—			26,546
Deferred debt issuance costs		8,030			190		131		—			8,351
Total assets	$	416,326		$	542,439	$	101,267	$	(458,983	)	$	601,049
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of capital lease obligation		—			1,283		117		—		$	1,400
Current portion of related party Florida seller notes		—			—		10,797		—			10,797
Current portion of subsidiary note payable		—			213		—		—			213
CCFI Funding Notes		—			—		5,353		(5,353	)		—
Deferred revenue		—			3,084		—		—			3,084
Accrued interest		19,468			3		1,608		(1,299	)		19,780
Money orders payable		—			7,580		—		—			7,580
Accounts payable and accrued liabilities		—			49,226		13,201		(28,039	)		34,388
Total current liabilities		19,468			61,389		31,076		(34,691	)		77,242
Noncurrent Liabilities
Lines of credit		27,200			—		—		—			27,200
Subsidiary note payable		—			954		35,000		—			35,954
Capital lease obligation		—			1,468		79		—			1,547
Stock repurchase obligation		—			—		4,250		—			4,250
Lease termination payable		—			1,523		91		—			1,614
Senior secured notes		420,000			—		—		—			420,000
Deferred Revenue		—			743		—		—			743
Total liabilities		466,668			66,077		70,496		(34,691	)		568,550
Stockholders' Equity (Deficit)		(50,342	)		476,362		30,771		(424,292	)		32,499
Total liabilities and stockholders' equity	$	416,326		$	542,439	$	101,267	$	(458,983	)	$	601,049

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Balance Sheet
December 31, 2014

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Total Eliminations			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	—		$	63,372	$	14,362	$	—		$	77,734
Restricted cash		—			3,877		—		—			3,877
Finance receivables, net		—			101,493		41,181		(2,256	)		140,418
Short-term investments, certificates of deposit		—			1,115		—		—			1,115
Card related pre-funding and receivables		—			2,606		—		—			2,606
Other current assets		—			45,856		101		(20,117	)		25,840
Deferred tax asset, net		—			12,770		—		—			12,770
Total current assets		—			231,089		55,644		(22,373	)		264,360
Noncurrent Assets
Investment in Subsidiaries		368,838			15,168		—		(384,006	)		—
Finance receivables, net		—			19,251		—		—			19,251
Property, leasehold improvements and equipment, net		—			36,734		2,901		—			39,635
Goodwill		—			191,530		31,035		—			222,565
Other intangible assets		—			2,902		643		—			3,545
Security deposits		—			2,486		167		—			2,653
Deferred tax asset, net		—			17,052		—		—			17,052
Deferred debt issuance costs		8,950			50		328		—			9,328
Total assets	$	377,788		$	516,262	$	90,718	$	(406,379	)	$	578,389
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of capital lease obligation	$	—		$	1,050	$	116	$	—		$	1,166
Current portion of related party Florida seller notes		—			—		2,786		—			2,786
Current portion of subsidiary note payable		—			383		—		—			383
CCFI Funding Notes		—			—		5,353		(5,353	)		—
Deferred revenue		—			2,993		—		—			2,993
Accrued interest		8,046			1		640		(498	)		8,189
Money orders payable		—			8,508		582		—			9,090
Accounts payable and accrued liabilities		—			39,242		13,656		(16,522	)		36,376
Total current liabilities		8,046			52,177		23,133		(22,373	)		60,983
Noncurrent Liabilities
Subsidiary note payable		—			1,154		32,600		—			33,754
Capital lease obligation		—			1,635		171		—			1,806
Stock repurchase obligation		—			—		4,130		—			4,130
Related party Florida seller notes		—			—		9,346		—			9,346
Senior secured notes		420,000			—		—		—			420,000
Deferred Revenue		—			2,982		—		—			2,982
Total liabilities		428,046			57,948		69,380		(22,373	)		533,001
Stockholders' Equity (Deficit)		(50,258	)		458,314		21,338		(384,006	)		45,388
Total liabilities and stockholders' equity	$	377,788		$	516,262	$	90,718	$	(406,379	)	$	578,389

Schedule of consolidated statements of operations

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statements of Operations (unaudited)
Nine Months Ended September 30, 2015

	Community		Guarantor		Non-Guarantor
	Choice Financial		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Finance receivable fees	$	—	$	189,330	$	59,792	$	—	$	249,122
Credit service fees		—		80,979		—		—		80,979
Check cashing fees		—		46,204		9,850		(7,100)		48,954
Card fees		—		6,237		388		—		6,625
Dividend		—		19,750		—		(19,750)		—
Other		—		18,817		2,344		(2,555)		18,606
Total revenues		—		361,317		72,374		(29,405)		404,286
Operating expenses:
Salaries and benefits		—		55,829		5,029		—		60,858
Provision for loan losses		—		120,498		31,706		—		152,204
Occupancy		—		20,330		2,561		(23)		22,868
Advertising and marketing		—		19,977		557		(1,569)		18,965
Lease termination costs				3,036		418		—		3,454
Depreciation and amortization		—		6,775		687		—		7,462
Other		—		48,014		3,457		(7,100)		44,371
Total operating expenses		—		274,459		44,415		(8,692)		310,182
Operating gross profit		—		86,858		27,959		(20,713)		94,104
Corporate expenses		—		65,491		1,393		(162)		66,722
Depreciation and amortization		—		3,629		506		—		4,135
Interest expense, net		38,468		294		6,717		(801)		44,678
Interest expense allocation		(38,468)		37,306		1,162		—		—
Market value of stock repurchase obligation		—		—		120		—		120
Total corporate and other expenses		—		106,720		9,898		(963)		115,655
Income (loss) before income taxes		—		(19,862)		18,061		(19,750)		(21,551)
Provision (benefit) for income taxes		—		(7,535)		6,851		(7,491)		(8,175)
Net income (loss)	$	—	$	(12,327)	$	11,210	$	(12,259)	$	(13,376)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statements of Operations (unaudited)
Nine Months Ended September 30, 2014

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Finance receivable fees	$	—		$	244,035	$	23,381		$	(738	)	$	266,678
Credit service fees		—			20,034		—			—			20,034
Check cashing fees		—			54,922		7,513			—			62,435
Card fees		—			5,196		211			—			5,407
Dividend		—			4,500		—			(4,500	)		—
Other		—			20,429		2,385			(2,041	)		20,773
Total revenues		—			349,116		33,490			(7,279	)		375,327
Operating expenses:
Salaries and benefits		—			50,502		4,989			—			55,491
Provision for loan losses		—			118,802		11,064			—			129,866
Occupancy		—			19,279		2,546			—			21,825
Advertising and marketing		—			13,580		697			(1,189	)		13,088
Depreciation and amortization		—			5,663		587			—			6,250
Other		—			37,282		2,636			(377	)		39,541
Total operating expenses		—			245,108		22,519			(1,566	)		266,061
Operating gross profit		—			104,008		10,971			(5,713	)		109,266
Corporate expenses		—			58,847		2,123			(475	)		60,495
Depreciation and amortization		—			3,551		838			—			4,389
Interest expense, net		37,600			168		3,939			(738	)		40,969
Interest expense allocation		(37,600	)		37,600		—			—			—
Market value of stock repurchase obligation		—			—		2,472			—			2,472
Total corporate and other expenses		—			100,166		9,372			(1,213	)		108,325
Income before income taxes		—			3,842		1,599			(4,500	)		941
Provision for income taxes		—			2,842		1,183			(3,328	)		696
Income from continuing operations		—			1,000		416			(1,172	)		245
Discontinued operations, net of tax		—			—		(4,585	)		—			(4,585	)
Net income (loss)	$	—		$	1,000	$	(4,169	)	$	(1,172	)	$	(4,340	)

Schedule of condensed consolidating statement of cash flows

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows (unaudited)
Nine Months Ended September 30, 2015

	Community Choice Financial			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	13,130		$	97,659		$	43,063		$	153,852
Cash flows from investing activities
Net receivables originated		—			(106,839	)		(28,679	)		(135,518	)
Net acquired assets, net of cash		—			(810	)		—			(810	)
Purchase of leasehold improvements and equipment		—			(15,506	)		(825	)		(16,331	)
Net cash used in investing activities		—			(123,155	)		(29,504	)		(152,659	)
Cash flows from financing activities
Proceeds from subsidiary note		—			—			2,400			2,400
Payments on subsidiary note		—			(370	)		—			(370	)
Payments on related party Florida seller notes		—			—			(1,500	)		(1,500	)
Payments on capital lease obligations, net		—			(1,270	)		(91	)		(1,361	)
Proceeds from lines of credit		27,200			—			—			27,200
Intercompany activities		(39,458	)		39,458			—			—
Debt issuance costs		(872	)		(162	)		(68	)		(1,102	)
Net cash provided by (used in) financing activities		(13,130	)		37,656			741			25,267
Net increase in cash and cash equivalents		—			12,160			14,300			26,460
Cash and cash equivalents:
Beginning		—			63,372			14,362			77,734
Ending	$	—		$	75,532		$	28,662		$	104,194

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows (unaudited)
Nine Months Ended September 30, 2014

	Community Choice Financial			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	13,068		$	131,500		$	17,161		$	161,729
Cash flows from investing activities
Net receivables originated		—			(120,211	)		(24,765	)		(144,976	)
Net acquired assets, net of cash		—			(874	)		(1,318	)		(2,192	)
Internally developed software intangible asset		—			—			(72	)		(72	)
De-consolidation of Insight Holdings		—			6,731			(7,359	)		(628	)
Proceeds from sale of equity investment		—			—			3,500			3,500
Purchase of leasehold improvements and equipment		—			(17,299	)		(1,109	)		(18,408	)
Net cash used in investing activities		—			(131,653	)		(31,123	)		(162,776	)
Cash flows from financing activities
Proceeds from subsidiary note		—			1,425			21,350			22,775
Payments on subsidiary note		—			(11	)		—			(11	)
Proceeds from CCFI Funding Notes		—			(5,352	)		5,352			—
Payments on capital lease obligations, net		—			635			218			853
Net advances on lines of credit		11,664			—			—			11,664
Buyback of restricted stock units		—			(107	)		—			(107	)
Payments on mortgage note payable		—			—			(426	)		(426	)
Proceeds from refinance of mortgage note payable		—			—			720			720
Member distribution		—			—			(387	)		(387	)
Intercompany activities		(24,732	)		24,732			—			—
Debt issuance costs		—			(305	)		—			(305	)
Net cash provided by (used in) financing activities		(13,068	)		21,017			26,827			34,776
Net increase in cash and cash equivalents		—			20,864			12,865			33,729
Cash and cash equivalents:
Beginning		—			84,433			5,878			90,311
Ending	$	—		$	105,297		$	18,743		$	124,040

XML

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Details 4) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	$ 153,852	$ 161,729
Cash flows from investing activities
Net receivables originated	(135,518)	(144,976)
Net acquired assets, net of cash	(810)	(2,192)
Internally developed software intangible asset		(72)
De-consolidation of Insight holdings		(628)
Proceeds from sale of equity investment		3,500
Purchase of leasehold improvements and equipment	(16,331)	(18,408)
Net cash used in investing activities	(152,659)	(162,776)
Cash flows from financing activities
Proceeds from subsidiary note	2,400	22,775
Payments on subsidiary note	(370)	(11)
Payments on related party Florida seller notes	(1,500)
Payments on capital lease obligations, net	(1,361)	853
Net payments on lines of credit	27,200	11,664
Payments on mortgage note payable		(426)
Proceeds from refinance of mortgage note payable		720
Member distribution		(387)
Repurchase of restricted stock units		(107)
Debt issuance costs	(1,102)	(305)
Net cash provided by financing activities	25,267	34,776
Net increase in cash and cash equivalents	26,460	33,729
Cash and cash equivalents:
Beginning	77,734	90,311
Ending	104,194	124,040
Reportable legal entities | Community Choice Financial
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	13,130	13,068
Cash flows from financing activities
Net payments on lines of credit	27,200	11,664
Intercompany activities	(39,458)	(24,732)
Debt issuance costs	(872)
Net cash provided by financing activities	(13,130)	(13,068)
Reportable legal entities | Subsidiary Guarantors
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	97,659	131,500
Cash flows from investing activities
Net receivables originated	(106,839)	(120,211)
Net acquired assets, net of cash	(810)	(874)
De-consolidation of Insight holdings		6,731
Purchase of leasehold improvements and equipment	(15,506)	(17,299)
Net cash used in investing activities	(123,155)	(131,653)
Cash flows from financing activities
Proceeds from subsidiary note		1,425
Payments on subsidiary note	(370)	(11)
Proceeds from CCFI Funding Notes		(5,352)
Payments on capital lease obligations, net	(1,270)	635
Intercompany activities	39,458	24,732
Repurchase of restricted stock units		(107)
Debt issuance costs	(162)	(305)
Net cash provided by financing activities	37,656	21,017
Net increase in cash and cash equivalents	12,160	20,864
Cash and cash equivalents:
Beginning	63,372	84,433
Ending	75,532	105,297
Reportable legal entities | Non-Guarantor Subsidiaries
Condensed Consolidating Statement of Cash Flows
Net cash provided by (used in) operating activities	43,063	17,161
Cash flows from investing activities
Net receivables originated	(28,679)	(24,765)
Net acquired assets, net of cash		(1,318)
Internally developed software intangible asset		(72)
De-consolidation of Insight holdings		(7,359)
Proceeds from sale of equity investment		3,500
Purchase of leasehold improvements and equipment	(825)	(1,109)
Net cash used in investing activities	(29,504)	(31,123)
Cash flows from financing activities
Proceeds from subsidiary note	2,400	21,350
Payments on related party Florida seller notes	(1,500)
Proceeds from CCFI Funding Notes		5,352
Payments on capital lease obligations, net	(91)	218
Payments on mortgage note payable		(426)
Proceeds from refinance of mortgage note payable		720
Member distribution		(387)
Debt issuance costs	(68)
Net cash provided by financing activities	741	26,827
Net increase in cash and cash equivalents	14,300	12,865
Cash and cash equivalents:
Beginning	14,362	5,878
Ending	$ 28,662	$ 18,743

XML

Ownership, Nature of Business, and Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2015

Ownership, Nature of Business, and Significant Accounting Policies

Basis of presentation

        Basis of presentation:    The accompanying interim unaudited consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q and accounting principles generally accepted in the United States (or "GAAP") for interim financial information. They do not include all information and footnotes required by GAAP for complete financial statements. Although management believes that the disclosures are adequate to prevent the information from being misleading, the interim unaudited consolidated financial statements should be read in conjunction with the Company's audited financial statements for the year ended December 31, 2014, in the Company's Annual Report on Form 10-K filed with the Securities & Exchange Commission on March 30, 2015. In the opinion of the Company's management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement of the Company's financial condition, have been included. The results for any interim period are not necessarily indicative of results to be expected for the year ending December 31, 2015.

Basis of consolidation

        Basis of consolidation:    The accompanying consolidated financial statements include the accounts of CCFI. All significant intercompany accounts and transactions have been eliminated in consolidation.

        The Company previously determined that Insight Holdings Company, LLC ("Insight Holdings") was a Variable Interest Entity ("VIE") of which the Company was the primary beneficiary. Therefore, the Company consolidated this VIE as of April 1, 2013, until it was sold on May 12, 2014. Insight Holdings has been reclassified as a discontinued operation on the consolidated statements of operations for the nine months ended September 30, 2014.

Reclassifications

        Reclassifications:    Certain amounts reported in the consolidated financial statements for the three months and nine months ended September 30, 2014, have been reclassified to conform to classifications presented in the consolidated financial statements for the three months and nine months ended September 30, 2015, without affecting the previously reported net income or stockholders' equity. The Company previously recognized that the functions performed at the Utah offices of its Direct Financial Solutions ("DFS") subsidiary have been integrated into CCFI's general corporate functions and the DFS office has expanded to serve other corporate office functions. At the same time, the expansion of call centers to assist the Company's customers has grown in both the Company's Dublin, Ohio and Utah offices. Therefore, the Company has reclassified certain expenses to show call center costs as operating expenses and the remaining DFS costs as corporate expenses, as consistent with their use. Additionally, the Company's credit service organization ("CSO") product offering has expanded and is now disclosed as a separate revenue category ("Credit Service Fees") in the statement of operations. Secured consumer loans are included in finance receivables as either a short-term or medium-term on the Consolidated Balance Sheet.

Business segments

        Business segments:    FASB Accounting Standards Codification ("ASC") Topic 280 requires that a public enterprise report a measure of segment profit or loss, certain specific revenue and expense items, segment assets, information about the way operating segments were determined and other items. The Company reports operating segments in accordance with FASB ASC Topic 280. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in determining how to allocate resources and assess performance. The Company operates in two segments: Retail financial services and Internet financial services. The previously consolidated VIE was included in Retail financial services until it was sold on May 12, 2014.

Revenue recognition

        Revenue recognition:    Transactions include loans, credit service fees, check cashing, bill payment, money transfer, money order sales, and other miscellaneous products and services. The full amount of the check cashing fee is recognized as revenue at the time of the transaction. Fees and direct costs incurred for the origination of loans are deferred and amortized over the loan period using the interest method. The Company acts in an agency capacity regarding bill payment services, money transfers, card products, and money orders offered and sold at its branches. The Company records the net amount retained as revenue because the supplier is the primary obligor in the arrangement, the amount earned by the Company is fixed, and the supplier is determined to have the ultimate credit risk. Revenue on loans determined to be troubled debt restructurings are recognized at the impaired loans' original interest rates until the impaired loans are charged off or paid by the customer. Credit service fees are recognized over the arranged credit service period.

Finance receivables

        Finance receivables:    Finance receivables consist of short term and medium-term consumer loans.

        Short-term consumer loans may be unsecured or secured with maturities up to ninety days. Unsecured short-term loan products typically range in principal from $100 to $1,000, with a maturity between fourteen and thirty days, and include a written agreement to defer the presentment of the customer's personal check or preauthorized debit for the aggregate amount of the advance plus fees. This form of lending is based on applicable laws and regulations, which vary by state. State statutes vary from permitting fees of 15% to 20%, to permitting interest charges of 25% per annum plus origination fees. The customers repay the cash advance by making cash payments or allowing a check or preauthorized debit to be presented. Secured consumer loans with a maturity of ninety days or less are included in this category and represent 17.3% and 17.5% of short-term consumer loans as of September 30, 2015 and December 31, 2014, respectively.

        Medium-term consumer loans may be unsecured or secured with maturities of greater than ninety days up to thirty-six months. Unsecured medium-term loan products typically range in principal from $100 to $5,000, and are evidenced by a promissory note with a maturity between three and thirty-six months. These consumer loans vary in structure depending upon the applicable laws and regulations where they are offered. The medium-term consumer loans are payable in installments or provide for a line of credit with periodic payments. Secured consumer loans with a maturity of greater than ninety days are included in this category and represent 11.6% and 15.0% of medium-term consumer loans as of September 30, 2015, and December 31, 2014, respectively.

Allowance for loan losses

        Allowance for loan losses:    Provisions for loan losses are charged to income in amounts sufficient to maintain an adequate allowance for loan losses and an adequate accrual for losses related to guaranteed loans made by third-party lenders. The factors used in assessing the overall adequacy of the allowance for loan losses, the accrual for losses related to guaranteed loans made by third-party lenders and the resulting provision for loan losses include an evaluation by product by market based on historical loan loss experience and delinquency of certain medium-term consumer loans. The Company evaluates various qualitative factors that may or may not affect the computed initial estimate of the allowance for loan losses, by using internal valuation inputs including historical loan loss experience, delinquency, overall portfolio quality, and current economic conditions.

        For short term unsecured consumer loans, the Company's policy is to charge off loans when they become past due. The Company's policy dictates that, where a customer has provided a check or ACH authorization for presentment upon the maturity of a loan, if the customer has not paid off the loan by the due date, the Company will deposit the customer's check or draft the customer's bank account for the amount due. If the check or draft is returned as unpaid, all accrued fees and outstanding principal are charged-off as uncollectible. For short term secured loans, the Company's policy requires that balances be charged off when accounts are thirty days past due.

        For medium term secured and unsecured consumer loans which have a term of one year or less, the Company's policy requires that balances be charged off when accounts are sixty days past due. For medium term secured and unsecured consumer loans which have an initial maturity of greater than one year, the Company's policy requires that balances be charged off when accounts are no more than ninety-one days past due. The Company's line of credit products are charged-off on the first day past due.

        In certain markets, the Company reduced interest rates and favorably changed payment terms for medium-term consumer loans to assist borrowers in avoiding default and to mitigate risk of loss. These reduced interest rates and changed payment terms were limited to loans that the Company believed the customer had the ability to pay in the foreseeable future. These loans were accounted for as troubled debt restructurings and represent the only loans considered impaired due to the nature of the Company's charge-off policy.

        Recoveries of amounts previously charged off are recorded to the allowance for loan losses or the accrual for third-party losses in the period in which they are received.

Discontinued operations

        Discontinued operations:    On May 12, 2014, Insight Holdings was sold to a third party and its consolidated operations have been classified as discontinued operations on the Consolidated Statement of Operations for the nine months ended September 30, 2014.

Fair value of financial instruments

        Fair value of financial instruments:    Financial assets and liabilities measured at fair value are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are:

•           Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities.

•           Level 2—Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less attractive.

•           Level 3—Unobservable inputs for assets and liabilities reflecting the reporting entity's own assumptions.

        The Company follows the provisions of ASC 820-10, which applies to all assets and liabilities that are being measured and reported on a fair value basis. ASC 820-10 requires a disclosure that establishes a framework for measuring fair value within GAAP and expands the disclosure about fair value measurements. This standard enables a reader of consolidated financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The standard requires that assets and liabilities carried at fair value be classified and disclosed in one of the three categories.

        In determining the appropriate levels, the Company performed a detailed analysis of the assets and liabilities that are subject to ASC 820-10. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3. The Company's financial instruments consist primarily of cash and cash equivalents, finance receivables, short-term investments, and lines of credit. For all such instruments, other than senior secured notes, notes payable, and stock repurchase obligation at September 30, 2015, and December 31, 2014, the carrying amounts in the consolidated financial statements approximate their fair values. Our finance receivables are short term in nature and are originated at prevailing market rates and our lines of credit bear interest at current market rates. The fair value of finance receivables at September 30, 2015 and December 31, 2014 approximates carrying value and is measured using internal valuation inputs including historical loan loss experience, delinquency, overall portfolio quality, and current economic conditions.

        The fair value of our 10.75% senior secured notes due 2019 (the "2019 notes") and our 12.75% senior secured notes due 2020 (the "2020 notes") were determined based on market yield on trades of the 2019 notes at the end of that reporting period.

        The fair value of related party Florida seller notes payable was determined based on applicable market yields of similar debt and the fair value of the stock repurchase obligation was determined based on a probability-adjusted Black Scholes option valuation model.

	September 30, 2015
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	104,194	$	104,194		1
Restricted cash		4,384		4,384		1
Finance receivables		143,114		143,114		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		121,265		1
12.75% Senior secured notes		25,000		7,675		2
Related party Florida seller notes		10,797		10,797		2
Line of Credit		27,200		27,200		2
Subsidiary Note payable		36,167		36,167		2
Stock repurchase obligation		4,250		4,250		2

	December 31, 2014
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	77,734	$	77,734		1
Restricted cash		3,877		3,877		1
Finance receivables		159,669		159,669		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		254,775		1
12.75% Senior secured notes		25,000		16,125		2
Related party Florida seller notes		12,132		12,132		2
Subsidiary Note payable		34,137		34,137		2
Stock repurchase obligation		4,130		4,130		2

Subsequent events

        Subsequent events:    The Company has evaluated its subsequent events (events occurring after September 30, 2015) through the issuance date of November 16, 2015.

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Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Income Taxes
Liability recorded for unrecognized tax benefits	$ 0	$ 0
Gross deferred tax assets	40,596	31,102
Valuation allowance		$ 1,280
Refund expected	$ 2,600

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Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Goodwill and Other Intangible Assets
Intangible amortization expense	$ 377	$ 835	$ 1,488	$ 3,706

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Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Finance receivables
Unearned advance fees, net of deferred loan origination costs	$ (2,137)		$ (3,443)
Finance receivables before allowance for loan losses	174,245		190,032
Allowance for loan losses	(31,131)		(30,363)
Finance receivables, net	143,114		159,669
Consumer Borrower
Finance receivables
Gross receivables	176,382		193,475	$ 212,645
Allowance for loan losses	(31,131)	$ (29,283)	(30,363)	(26,207)	$ (24,296)	$ (18,008)
Short-term consumer loans | Consumer Borrower
Finance receivables
Gross receivables	80,251		96,015	130,088
Allowance for loan losses	(4,150)	(4,462)	(5,141)	(5,957)	(5,206)	(5,631)
Medium term consumer loans | Consumer Borrower
Finance receivables
Gross receivables	96,131		97,460	82,557
Allowance for loan losses	$ (26,981)	$ (24,821)	$ (25,222)	$ (20,250)	$ (19,090)	$ (12,377)

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Transactions with Variable Interest Entities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Variable Interest Entities
Accrual for obligations	$ 3,031	$ 4,434
Amount of revolving credit facility made available as additional consideration	42,498	52,680
Insight Holdings
Variable Interest Entities
Accrual for obligations	$ 3,031	$ 4,434

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Concentrations of Credit Risks (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015 USD ($) item	Dec. 31, 2014 USD ($)
Finance receivables
Concentration of credit risks
Number of states in which customers are living | item	34
Finance receivables | Geographic concentration risk
Concentration of credit risks
Balance Outstanding	$ 176,382	$ 193,475
Percentage of Total Outstanding	100.00%	100.00%
Finance receivables | Geographic concentration risk | Alabama
Concentration of credit risks
Balance Outstanding	$ 17,897	$ 22,681
Percentage of Total Outstanding	10.20%	11.70%
Finance receivables | Geographic concentration risk | Arizona
Concentration of credit risks
Balance Outstanding	$ 14,863	$ 16,859
Percentage of Total Outstanding	8.40%	8.70%
Finance receivables | Geographic concentration risk | California
Concentration of credit risks
Balance Outstanding	$ 64,497	$ 71,643
Percentage of Total Outstanding	36.60%	37.00%
Finance receivables | Geographic concentration risk | Florida
Concentration of credit risks
Balance Outstanding	$ 9,266	$ 9,697
Percentage of Total Outstanding	5.30%	5.00%
Finance receivables | Geographic concentration risk | Virginia
Concentration of credit risks
Balance Outstanding	$ 16,712	$ 15,770
Percentage of Total Outstanding	9.30%	8.20%
Finance receivables | Geographic concentration risk | Other retail segment states
Concentration of credit risks
Balance Outstanding	$ 27,274	$ 30,393
Percentage of Total Outstanding	15.50%	15.70%
Finance receivables | Geographic concentration risk | Other internet segment states
Concentration of credit risks
Balance Outstanding	$ 25,873	$ 26,432
Percentage of Total Outstanding	14.70%	13.70%
Third party lender
Concentration of credit risks
Total gross finance receivables for which accrual for third-party lender losses has been recorded	$ 42,498	$ 52,680

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Finance Receivables, Credit Quality Information and Allowance for Loan Losses

9 Months Ended

Sep. 30, 2015

Finance Receivables, Credit Quality Information and Allowance for Loan Losses

Finance Receivables, Credit Quality Information and Allowance for Loan Losses

Note 2. Finance Receivables, Credit Quality Information and Allowance for Loan Losses

        Finance receivables representing amounts due from customers for advances at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015			December 31, 2014
Short-term consumer loans	$	80,251		$	96,015
Medium-term consumer loans		96,131			97,460
Gross receivables	$	176,382		$	193,475
Unearned advance fees, net of deferred loan origination costs		(2,137	)		(3,443	)
Finance receivables before allowance for loan losses		174,245			190,032
Allowance for loan losses		(31,131	)		(30,363	)
Finance receivables, net	$	143,114		$	159,669
Finance receivables, net
Current portion	$	129,037		$	140,418
Non-current portion		14,077			19,251
Total finance receivables, net	$	143,114		$	159,669

        Changes in the allowance for loan losses by product type for the three months ended September 30, 2015, are as follows:

	Balance 7/1/2015		Provision		Charge-Offs			Recoveries		Balance 9/30/2015		Receivables 9/30/2015		Allowance as a percentage of receivable
Short-term consumer loans	$	4,462	$	21,554	$	(44,243	)	$	22,377	$	4,150	$	80,251		5.17	%
Medium-term consumer loans		24,821		25,400		(26,326	)		3,086		26,981		96,131		28.07	%
	$	29,283	$	46,954	$	(70,569	)	$	25,463	$	31,131	$	176,382		17.65	%

        The provision for loan losses for the three months ended September 30, 2015, also includes losses from returned items from check cashing of $2,518.

        The provision for short-term consumer loans of $21,554 is net of debt sales of $1,262 and the provision for medium-term consumer loans of $25,400 is net of debt sales of $1,005.

        The Company evaluates all short-term and medium-term consumer loans collectively for impairment, except for medium-term loans that have been modified and classified as troubled debt restructurings, which are individually evaluated for impairment. In certain markets, the Company reduced interest rates and favorably changed payment terms for medium-term consumer loans to assist borrowers in avoiding default and to mitigate risk of loss. The provision and subsequent charge off related to these loans totaled $360 and is included in the provision for medium-term consumer loans for the three months ended September 30, 2015. There were no troubled debt restructurings during the three months ended September 30, 2014. For these loans evaluated for impairment, there were no payment defaults during the three months ended September 30, 2015. The troubled debt restructurings during the three months ended September 30, 2015 are subject to an allowance of $118 with a net carrying value of $296 at September 30, 2015.

        Changes in the allowance for loan losses by product type for the nine months ended September 30, 2015, are as follows:

	Balance 1/1/2015		Provision		Charge-Offs			Recoveries		Balance 9/30/2015		Receivables 9/30/2015		Allowance as a percentage of receivable
Short-term consumer loans	$	5,141	$	51,831	$	(116,960	)	$	64,138	$	4,150	$	80,251		5.17	%
Medium-term consumer loans		25,222		65,082		(70,906	)		7,583		26,981		96,131		28.07	%
	$	30,363	$	116,913	$	(187,866	)	$	71,721	$	31,131	$	176,382		17.65	%

        The provision for loan losses for the nine months ended September 30, 2015, also includes losses from returned items from check cashing of $7,057.

        The provision for short-term consumer loans of $51,831 is net of debt sales of $1,504 and the provision for medium-term consumer loans of $65,082 is net of debt sales of $1,394.

        The Company evaluates all short-term and medium-term consumer loans collectively for impairment, except for medium-term loans that have been modified and classified as troubled debt restructurings, which are individually evaluated for impairment. In certain markets, the Company reduced interest rates and favorably changed payment terms for medium-term consumer loans to assist borrowers in avoiding default and to mitigate risk of loss. The provision and subsequent charge off related to these loans totaled $1,027 and is included in the provision for medium-term consumer loans for the nine months ended September 30, 2015. There were no troubled debt restructurings during the nine months ended September 30, 2014. For these loans evaluated for impairment, there were no payment defaults during the nine months ended September 30, 2015. The troubled debt restructurings during the nine months ended September 30, 2015 are subject to an allowance of $387 with a net carrying value of $949 at September 30, 2015.

        Changes in the allowance for loan losses by product type for the three months ended September 30, 2014 are as follows:

	Balance 7/1/2014		Provision		Charge-Offs			Recoveries		Balance 9/30/2014		Receivables 9/30/2014		Allowance as a percentage of receivable
Short-term consumer loans	$	5,206	$	28,337	$	(51,345	)	$	23,759	$	5,957	$	130,088		4.58	%
Medium-term consumer loans		19,090		19,703		(20,789	)		2,246		20,250		82,557		24.53	%
	$	24,296	$	48,040	$	(72,134	)	$	26,005	$	26,207	$	212,645		12.32	%

        The provision for loan losses for the three months ended September 30, 2014, also includes losses from returned items from check cashing of $2,471 and is net of debt sales of $1,495.

        Changes in the allowance for loan losses by product type for the nine months ended September 30, 2014, are as follows:

	Balance 1/1/2014		Provision		Charge-Offs			Recoveries		Balance 9/30/2014		Receivables 9/30/2014		Allowance as a percentage of receivable
Short-term consumer loans	$	5,631	$	64,749	$	(141,610	)	$	77,187	$	5,957	$	130,088		4.58	%
Medium-term consumer loans		12,377		47,279		(44,921	)		5,515		20,250		82,557		24.53	%
	$	18,008	$	112,028	$	(186,531	)	$	82,702	$	26,207	$	212,645		12.32	%

        The provision for loan losses for the nine months ended September 30, 2014, also includes losses from returned items from check cashing of $6,027 and is net of debt sales of $1,646.

        The Company has subsidiaries that facilitate third party lender loans. Changes in the accrual for third-party lender losses for the three months and nine months ended September 30, 2015, and 2014 were as follows:

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Balance, beginning of period	$	3,029		$	1,835		$	4,434		$	1,481
Provision for loan losses		10,906			5,073			28,234			11,811
Charge-offs, net		(10,904	)		(4,847	)		(29,637	)		(11,231	)
Balance, end of period	$	3,031		$	2,061		$	3,031		$	2,061

        Total gross finance receivables for which the Company has recorded an accrual for third-party lender losses totaled $42,498 and $52,680 at September 30, 2015, and December 31, 2014, respectively, and the corresponding guaranteed consumer loans are disclosed as an off-balance sheet arrangement.

        The Company considers the near term repayment performance of finance receivables as its primary credit quality indicator. The Company performs credit checks through consumer reporting agencies on certain borrowers. If a third-party lender provides the advance, the applicable third-party lender decides whether to approve the loan and establishes all of the underwriting criteria and terms, conditions, and features of the customer's loan agreement.

        The aging of receivables at September 30, 2015, and December 31, 2014, are as follows:

	September 30, 2015				December 31, 2014
Current finance receivables	$	152,476	86.4	%	$	173,522	89.7	%
Past due finance receivables (1 - 30 days)
Short-term consumer loans		1,442	0.8	%		1,185	0.6	%
Medium-term consumer loans		14,081	8.1	%		12,258	6.3	%
Total past due finance receivables (1 - 30 days)		15,523	8.9	%		13,443	6.9	%
Past due finance receivables (31 - 60 days)
Medium-term consumer loans		4,657	2.6	%		4,377	2.3	%
Total past due finance receivables (31 - 60 days)		4,657	2.6	%		4,377	2.3	%
Past due finance receivables (61 - 90 days)
Medium-term consumer loans		3,726	2.1	%		2,133	1.1	%
Total past due finance receivables (61 - 90 days)		3,726	2.1	%		2,133	1.1	%
Total delinquent		23,906	13.6	%		19,953	10.3	%
	$	176,382	100.0	%	$	193,475	100.0	%

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Pledged Assets and Debt (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Prime rate
Debt
Interest rate at the end of period (as a percent)	3.25%	3.25%
1-month LIBOR
Debt
Variable rate basis	1 month LIBOR	1 month LIBOR
Interest rate at the end of period (as a percent)	0.20%	0.15%
Line of credit
Debt
Total	$ 31,700
Long-term Debt, Excluding Current Maturities, Total	31,700
Revolving credit, secured
Debt
Total	31,700
Revolving credit, secured, due July 2016
Debt
Maximum borrowing capacity	$ 7,000
Revolving credit, secured, due July 2016 | Prime rate
Debt
Margin (as a percent)	1.00%
Variable interest rate base floor (as a percent)	5.00%
Revolving credit due March 2017
Debt
Total	$ 31,700
Debt instrument, term	2 years
Maximum borrowing capacity	$ 40,000
Variable rate basis	one-month Libor
Variable interest rate base floor (as a percent)	15.00%
Undrawn line fee of unused commitments	3.00%
Target utilization required of aggregate commitment below which a make whole payment is due (as a percent)	85.00%
Revolving credit due March 2017 | LIBOR
Debt
Margin (as a percent)	14.00%

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Accounts Payable and Accrued Liabilities (Tables)

9 Months Ended

Sep. 30, 2015

Accounts Payable and Accrued Liabilities

Schedule of accounts payable and accrued liabilities

	September 30, 2015		December 31, 2014
Accounts payable	$	4,603	$	7,661
Accrued payroll and compensated absences		10,907		7,184
Wire transfers payable		1,539		1,815
Accrual for third-party losses		3,031		4,434
Unearned CSO Fees		5,104		5,925
Deferred rent		1,150		1,141
Bill payment		2,434		3,386
Lease termination		1,202		—
Other		4,418		4,830
	$	34,388	$	36,376

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Pledged Assets and Debt (Tables)

9 Months Ended

Sep. 30, 2015

Pledged Assets and Debt

Schedule of lines of credit

	September 30, 2015		December 31, 2014
$7,000 Revolving credit, secured, prime plus 1.00% with 5.00% floor, due July 2016, collateralized by all of Insight Capital, LLC's assets	$	—	$	—
$31,700 Revolving credit, secured, interest rate as defined below, due March 2017, collateralized by all Company assets		27,200		—
		27,200		—
Less current maturities		—		—
Long-term portion	$	27,200	$	—

Schedule of subsidiary notes payable

	September 30, 2015		December 31, 2014
$35,000 Note, secured, 16.5%, collateralized by acquired loans, due January 2017	$	35,000	$	32,600
$1,425 Term note, secured, 4.25%, collateralized by financed asset, due July 2019		1,008		1,048
$489 Term note, secured, 8.50%, collateralized by financed asset, due July 2016		159		489
		36,167		34,137
Less current maturities		213		383
Long-term portion	$	35,954	$	33,754

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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Finance receivable fees	$ 86,093	$ 98,572	$ 249,122	$ 266,678
Credit Service Fees	28,045	7,514	80,979	20,034
Check cashing fees	15,516	20,818	48,954	62,435
Card fees	2,142	2,077	6,625	5,407
Other	5,792	7,004	18,606	20,773
Total revenues	137,588	135,985	404,286	375,327
Operating expenses:
Salaries and benefits	19,722	18,918	60,858	55,491
Provision for loan losses	60,378	55,584	152,204	129,866
Occupancy	7,572	7,462	22,868	21,825
Advertising and marketing	6,662	5,486	18,965	13,088
Lease termination costs	2,628		3,454
Depreciation and amortization	2,578	2,293	7,462	6,250
Other	15,534	13,987	44,371	39,541
Total operating expenses	115,074	103,730	310,182	266,061
Operating gross profit	22,514	32,255	94,104	109,266
Corporate and other expenses (income):
Corporate expenses	24,201	20,932	66,722	60,495
Depreciation and amortization	1,325	1,521	4,135	4,389
Interest expense, net	15,319	14,272	44,678	40,969
Market value of stock repurchase obligation	(890)	2,512	120	2,472
Corporate and Other Expense (Income)	39,955	39,237	115,655	108,325
Income (loss) before income taxes	(17,441)	(6,982)	(21,551)	941
Provision (benefit) for income taxes	(6,536)	(2,530)	(8,175)	696
Income (loss) from continuing operations, net of tax	(10,905)	(4,452)	(13,376)	245
Discontinued operations, net of tax				(4,585)
Net loss	$ (10,905)	$ (4,452)	(13,376)	(4,340)
Unrestricted subsidiaries
Revenues:
Total revenues			72,374	33,490
Operating expenses:
Total operating expenses			44,515	22,519
Corporate and other expenses (income):
Net loss			18,061	1,599
Reportable legal entities | Community Choice Financial
Corporate and other expenses (income):
Interest expense, net			38,468	37,600
Interest expense allocation			(38,468)	(37,600)
Reportable legal entities | Subsidiary Guarantors
Revenues:
Finance receivable fees			189,330	244,035
Credit Service Fees			80,979	20,034
Check cashing fees			46,204	54,922
Card fees			6,237	5,196
Dividend			19,750	4,500
Other			18,817	20,429
Total revenues			361,317	349,116
Operating expenses:
Salaries and benefits			55,829	50,502
Provision for loan losses			120,498	118,802
Occupancy			20,330	19,279
Advertising and marketing			19,977	13,580
Lease termination costs			3,036
Depreciation and amortization			6,775	5,663
Other			48,014	37,282
Total operating expenses			274,459	245,108
Operating gross profit			86,858	104,008
Corporate and other expenses (income):
Corporate expenses			65,491	58,847
Depreciation and amortization			3,629	3,551
Interest expense, net			294	168
Interest expense allocation			37,306	37,600
Corporate and Other Expense (Income)			106,720	100,166
Income (loss) before income taxes			(19,862)	3,842
Provision (benefit) for income taxes			(7,535)	2,842
Income (loss) from continuing operations, net of tax				1,000
Net loss			(12,327)	1,000
Reportable legal entities | Non-Guarantor Subsidiaries
Revenues:
Finance receivable fees			59,792	23,381
Check cashing fees			9,850	7,513
Card fees			388	211
Other			2,344	2,385
Total revenues			72,374	33,490
Operating expenses:
Salaries and benefits			5,029	4,989
Provision for loan losses			31,706	11,064
Occupancy			2,561	2,546
Advertising and marketing			557	697
Lease termination costs			418
Depreciation and amortization			687	587
Other			3,457	2,636
Total operating expenses			44,415	22,519
Operating gross profit			27,959	10,971
Corporate and other expenses (income):
Corporate expenses			1,393	2,123
Depreciation and amortization			506	838
Interest expense, net			6,717	3,939
Interest expense allocation			1,162
Market value of stock repurchase obligation			120	2,472
Corporate and Other Expense (Income)			9,898	9,372
Income (loss) before income taxes			18,061	1,599
Provision (benefit) for income taxes			6,851	1,183
Income (loss) from continuing operations, net of tax				416
Discontinued operations, net of tax				(4,585)
Net loss			11,210	(4,169)
Eliminations
Revenues:
Finance receivable fees				(738)
Check cashing fees			(7,100)
Dividend			(19,750)	(4,500)
Other			(2,555)	(2,041)
Total revenues			(29,405)	(7,279)
Operating expenses:
Occupancy			(23)
Advertising and marketing			(1,569)	(1,189)
Other			(7,100)	(377)
Total operating expenses			(8,692)	(1,566)
Operating gross profit			(20,713)	(5,713)
Corporate and other expenses (income):
Corporate expenses			(162)	(475)
Interest expense, net			(801)	(738)
Corporate and Other Expense (Income)			(963)	(1,213)
Income (loss) before income taxes			(19,750)	(4,500)
Provision (benefit) for income taxes			(7,491)	(3,328)
Income (loss) from continuing operations, net of tax				(1,172)
Net loss			$ (12,259)	$ (1,172)

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Pledged Assets and Debt (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Less current maturities	$ 213	$ 383
Long-term portion	35,954	33,754
Term note, secured, due January 2017
Short-term Debt [Line Items]
Face amount of debt	$ 35,000
Interest rate (as a percent)	16.50%
Subsidiary notes payable	$ 35,000	32,600
Term note, secured, due July 2019
Short-term Debt [Line Items]
Face amount of debt	$ 1,425
Interest rate (as a percent)	4.25%
Subsidiary notes payable	$ 1,008	1,048
Term Note, secured, due July 2016
Short-term Debt [Line Items]
Face amount of debt	$ 489
Interest rate (as a percent)	8.50%
Subsidiary notes payable	$ 159	489
Term note
Short-term Debt [Line Items]
Subsidiary notes payable	36,167	34,137
Less current maturities	213	383
Long-term portion	$ 35,954	$ 33,754

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Concentrations of Credit Risks (Tables)

9 Months Ended

Sep. 30, 2015

Concentrations of Credit Risks

Summary of allocation of portfolio balance by state

	September 30, 2015					December 31, 2014
State	Balance Outstanding		Percentage of Total Outstanding			Balance Outstanding		Percentage of Total Outstanding
Alabama	$	17,897		10.2	%	$	22,681		11.7	%
Arizona		14,863		8.4			16,859		8.7
California		64,497		36.6			71,643		37.0
Florida		9,266		5.3			9,697		5.0
Virginia		16,712		9.3			15,770		8.2
Other retail segment states		27,274		15.5			30,393		15.7
Other internet segment states		25,873		14.7			26,432		13.7
Total	$	176,382		100.0	%	$	193,475		100.0	%

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Business Segment (Tables)

9 Months Ended

Sep. 30, 2015

Business Segments

Summary of financial information of segments

	As of and for the three months ended September 30, 2015
	Retail Financial Services			% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852					$	80,197								$	601,049
Goodwill		221,101						—									221,101
Other Intangible Assets		831						1,361									2,192
Total Revenues	$	101,029			100.0	%	$	36,559			100.0	%				$	137,588			100.0	%
Provision for Loan Losses		33,588			33.2	%		26,790			73.3	%					60,378			43.9	%
Other Operating Expenses		47,734			47.3	%		6,962			19.0	%					54,696			39.7	%
Operating Gross Profit		19,707			19.5	%		2,807			7.7	%					22,514			16.4	%
Interest Expense, net		9,908			9.8	%		5,411			14.8	%					15,319			11.1	%
Depreciation and Amortization		1,050			1.0	%		275			0.8	%					1,325			1.0	%
Market Value of Stock Repurchase Obligation		(890	)		(0.9	)%		—									(890	)		(0.6	)%
Other Corporate Expenses(a)		—						—						24,201			24,201			17.6	%
Income (loss) from Continuing Operations, before tax		9,639			9.5	%		(2,879	)		(7.9	)%		(24,201	)		(17,441	)		(12.7	)%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

	As of and for the nine months ended September 30, 2015
	Retail Financial Services		% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852				$	80,197								$	601,049
Goodwill		221,101					—									221,101
Other Intangible Assets		831					1,361									2,192
Total Revenues	$	301,556		100.0	%	$	102,730			100.0	%				$	404,286			100.0	%
Provision for Loan Losses		84,627		28.1	%		67,577			65.8	%					152,204			37.6	%
Other Operating Expenses		138,451		45.9	%		19,527			19.0	%					157,978			39.1	%
Operating Gross Profit		78,478		26.0	%		15,626			15.2	%					94,104			23.3	%
Interest Expense, net		29,241		9.7	%		15,437			15.0	%					44,678			11.1	%
Depreciation and Amortization		3,290		1.1	%		845			0.8	%					4,135			1.0	%
Market Value of Stock Repurchase Obligation		120		0.0	%		—									120			0.0	%
Other Corporate Expenses(a)		—					—						66,722			66,722			16.5	%
Income (loss) from Continuing Operations, before tax		45,827		15.2	%		(656	)		(0.6	)%		(66,722	)		(21,551	)		(5.3	)%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

	As of and for the three months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	105,480		100.0	%	$	30,505		100.0	%				$	135,985			100.0	%
Provision for Loan Losses		34,941		33.1	%		20,643		67.7	%					55,584			40.9	%
Other Operating Expenses		42,657		40.4	%		5,489		17.9	%					48,146			35.4	%
Operating Gross Profit		27,882		26.4	%		4,373		14.3	%					32,255			23.7	%
Interest Expense, net		10,521		10.0	%		3,751		12.3	%					14,272			10.5	%
Depreciation and Amortization		1,078		1.0	%		443		1.5	%					1,521			1.1	%
Market Value of Stock Repurchase Obligation		2,512		2.4	%		—								2,512			1.8	%
Other Corporate Expenses(a)		—					—					20,932			20,932			15.4	%
Income (loss) from Continuing Operations, before tax		13,771		13.1	%		179		0.6	%		(20,932	)		(6,982	)		(5.1	)%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

	As of and for the nine months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated		% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	295,010		100.0	%	$	80,317		100.0	%				$	375,327		100.0	%
Provision for Loan Losses		81,029		27.5	%		48,837		60.8	%					129,866		34.6	%
Other Operating Expenses		123,436		41.8	%		12,759		15.9	%					136,195		36.3	%
Operating Gross Profit		90,545		30.7	%		18,721		23.3	%					109,266		29.1	%
Interest Expense, net		31,332		10.6	%		9,637		12.0	%					40,969		10.9	%
Depreciation and Amortization		2,981		1.0	%		1,408		1.8	%					4,389		1.2	%
Market Value of Stock Repurchase Obligation		2,472		0.8	%		—								2,472		0.7	%
Other Corporate Expenses(a)		—					—					60,495			60,495		16.1	%
Income (loss) from Continuing Operations, before tax		53,760		18.2	%		7,676		9.6	%		(60,495	)		941		0.3	%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

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Ownership, Nature of Business, and Significant Accounting Policies

9 Months Ended

Sep. 30, 2015

Ownership, Nature of Business, and Significant Accounting Policies

Ownership, Nature of Business, and Significant Accounting Policies

Note 1. Ownership, Nature of Business, and Significant Accounting Policies

        Nature of business:    Community Choice Financial Inc. (together with its consolidated subsidiaries, "CCFI" or "the Company") was formed on April 6, 2011, under the laws of the State of Ohio. As of September 30, 2015, the Company owned and operated 534 retail locations in 15 states and had an internet presence in 29 states. Through its network of retail locations and over the internet, the Company provides customers a variety of financial products and services, including secured and unsecured, short and medium-term consumer loans, check cashing, prepaid debit cards, and other services that address the specific needs of its individual customers.

        A summary of the Company's significant accounting policies follows:

        Basis of presentation:    The accompanying interim unaudited consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q and accounting principles generally accepted in the United States (or "GAAP") for interim financial information. They do not include all information and footnotes required by GAAP for complete financial statements. Although management believes that the disclosures are adequate to prevent the information from being misleading, the interim unaudited consolidated financial statements should be read in conjunction with the Company's audited financial statements for the year ended December 31, 2014, in the Company's Annual Report on Form 10-K filed with the Securities & Exchange Commission on March 30, 2015. In the opinion of the Company's management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair statement of the Company's financial condition, have been included. The results for any interim period are not necessarily indicative of results to be expected for the year ending December 31, 2015.

        Basis of consolidation:    The accompanying consolidated financial statements include the accounts of CCFI. All significant intercompany accounts and transactions have been eliminated in consolidation.

        The Company previously determined that Insight Holdings Company, LLC ("Insight Holdings") was a Variable Interest Entity ("VIE") of which the Company was the primary beneficiary. Therefore, the Company consolidated this VIE as of April 1, 2013, until it was sold on May 12, 2014. Insight Holdings has been reclassified as a discontinued operation on the consolidated statements of operations for the nine months ended September 30, 2014.

        Reclassifications:    Certain amounts reported in the consolidated financial statements for the three months and nine months ended September 30, 2014, have been reclassified to conform to classifications presented in the consolidated financial statements for the three months and nine months ended September 30, 2015, without affecting the previously reported net income or stockholders' equity. The Company previously recognized that the functions performed at the Utah offices of its Direct Financial Solutions ("DFS") subsidiary have been integrated into CCFI's general corporate functions and the DFS office has expanded to serve other corporate office functions. At the same time, the expansion of call centers to assist the Company's customers has grown in both the Company's Dublin, Ohio and Utah offices. Therefore, the Company has reclassified certain expenses to show call center costs as operating expenses and the remaining DFS costs as corporate expenses, as consistent with their use. Additionally, the Company's credit service organization ("CSO") product offering has expanded and is now disclosed as a separate revenue category ("Credit Service Fees") in the statement of operations. Secured consumer loans are included in finance receivables as either a short-term or medium-term on the Consolidated Balance Sheet.

        Business segments:    FASB Accounting Standards Codification ("ASC") Topic 280 requires that a public enterprise report a measure of segment profit or loss, certain specific revenue and expense items, segment assets, information about the way operating segments were determined and other items. The Company reports operating segments in accordance with FASB ASC Topic 280. Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in determining how to allocate resources and assess performance. The Company operates in two segments: Retail financial services and Internet financial services. The previously consolidated VIE was included in Retail financial services until it was sold on May 12, 2014.

        Revenue recognition:    Transactions include loans, credit service fees, check cashing, bill payment, money transfer, money order sales, and other miscellaneous products and services. The full amount of the check cashing fee is recognized as revenue at the time of the transaction. Fees and direct costs incurred for the origination of loans are deferred and amortized over the loan period using the interest method. The Company acts in an agency capacity regarding bill payment services, money transfers, card products, and money orders offered and sold at its branches. The Company records the net amount retained as revenue because the supplier is the primary obligor in the arrangement, the amount earned by the Company is fixed, and the supplier is determined to have the ultimate credit risk. Revenue on loans determined to be troubled debt restructurings are recognized at the impaired loans' original interest rates until the impaired loans are charged off or paid by the customer. Credit service fees are recognized over the arranged credit service period.

        Finance receivables:    Finance receivables consist of short term and medium-term consumer loans.

        Short-term consumer loans may be unsecured or secured with maturities up to ninety days. Unsecured short-term loan products typically range in principal from $100 to $1,000, with a maturity between fourteen and thirty days, and include a written agreement to defer the presentment of the customer's personal check or preauthorized debit for the aggregate amount of the advance plus fees. This form of lending is based on applicable laws and regulations, which vary by state. State statutes vary from permitting fees of 15% to 20%, to permitting interest charges of 25% per annum plus origination fees. The customers repay the cash advance by making cash payments or allowing a check or preauthorized debit to be presented. Secured consumer loans with a maturity of ninety days or less are included in this category and represent 17.3% and 17.5% of short-term consumer loans as of September 30, 2015 and December 31, 2014, respectively.

        Medium-term consumer loans may be unsecured or secured with maturities of greater than ninety days up to thirty-six months. Unsecured medium-term loan products typically range in principal from $100 to $5,000, and are evidenced by a promissory note with a maturity between three and thirty-six months. These consumer loans vary in structure depending upon the applicable laws and regulations where they are offered. The medium-term consumer loans are payable in installments or provide for a line of credit with periodic payments. Secured consumer loans with a maturity of greater than ninety days are included in this category and represent 11.6% and 15.0% of medium-term consumer loans as of September 30, 2015, and December 31, 2014, respectively.

        Allowance for loan losses:    Provisions for loan losses are charged to income in amounts sufficient to maintain an adequate allowance for loan losses and an adequate accrual for losses related to guaranteed loans made by third-party lenders. The factors used in assessing the overall adequacy of the allowance for loan losses, the accrual for losses related to guaranteed loans made by third-party lenders and the resulting provision for loan losses include an evaluation by product by market based on historical loan loss experience and delinquency of certain medium-term consumer loans. The Company evaluates various qualitative factors that may or may not affect the computed initial estimate of the allowance for loan losses, by using internal valuation inputs including historical loan loss experience, delinquency, overall portfolio quality, and current economic conditions.

        For short term unsecured consumer loans, the Company's policy is to charge off loans when they become past due. The Company's policy dictates that, where a customer has provided a check or ACH authorization for presentment upon the maturity of a loan, if the customer has not paid off the loan by the due date, the Company will deposit the customer's check or draft the customer's bank account for the amount due. If the check or draft is returned as unpaid, all accrued fees and outstanding principal are charged-off as uncollectible. For short term secured loans, the Company's policy requires that balances be charged off when accounts are thirty days past due.

        For medium term secured and unsecured consumer loans which have a term of one year or less, the Company's policy requires that balances be charged off when accounts are sixty days past due. For medium term secured and unsecured consumer loans which have an initial maturity of greater than one year, the Company's policy requires that balances be charged off when accounts are no more than ninety-one days past due. The Company's line of credit products are charged-off on the first day past due.

        In certain markets, the Company reduced interest rates and favorably changed payment terms for medium-term consumer loans to assist borrowers in avoiding default and to mitigate risk of loss. These reduced interest rates and changed payment terms were limited to loans that the Company believed the customer had the ability to pay in the foreseeable future. These loans were accounted for as troubled debt restructurings and represent the only loans considered impaired due to the nature of the Company's charge-off policy.

        Recoveries of amounts previously charged off are recorded to the allowance for loan losses or the accrual for third-party losses in the period in which they are received.

        Discontinued operations:    On May 12, 2014, Insight Holdings was sold to a third party and its consolidated operations have been classified as discontinued operations on the Consolidated Statement of Operations for the nine months ended September 30, 2014.

        Fair value of financial instruments:    Financial assets and liabilities measured at fair value are grouped in three levels. The levels prioritize the inputs used to measure the fair value of the assets or liabilities. These levels are:

•           Level 1—Quoted prices (unadjusted) in active markets for identical assets or liabilities.

•           Level 2—Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly. These inputs include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are less attractive.

•           Level 3—Unobservable inputs for assets and liabilities reflecting the reporting entity's own assumptions.

        The Company follows the provisions of ASC 820-10, which applies to all assets and liabilities that are being measured and reported on a fair value basis. ASC 820-10 requires a disclosure that establishes a framework for measuring fair value within GAAP and expands the disclosure about fair value measurements. This standard enables a reader of consolidated financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The standard requires that assets and liabilities carried at fair value be classified and disclosed in one of the three categories.

        In determining the appropriate levels, the Company performed a detailed analysis of the assets and liabilities that are subject to ASC 820-10. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3. The Company's financial instruments consist primarily of cash and cash equivalents, finance receivables, short-term investments, and lines of credit. For all such instruments, other than senior secured notes, notes payable, and stock repurchase obligation at September 30, 2015, and December 31, 2014, the carrying amounts in the consolidated financial statements approximate their fair values. Finance receivables are short term in nature and are originated at prevailing market rates and lines of credit bear interest at current market rates. The fair value of finance receivables at September 30, 2015 and December 31, 2014 approximates carrying value and is measured using internal valuation inputs including historical loan loss experience, delinquency, overall portfolio quality, and current economic conditions.

        The fair value of the 10.75% senior secured notes due 2019 (the "2019 notes") and the 12.75% senior secured notes due 2020 (the "2020 notes") were determined based on market yield on trades of the 2019 notes at the end of that reporting period.

        The fair value of related party Florida seller notes payable was determined based on applicable market yields of similar debt and the fair value of the stock repurchase obligation was determined based on a probability-adjusted Black Scholes option valuation model.

	September 30, 2015
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	104,194	$	104,194		1
Restricted cash		4,384		4,384		1
Finance receivables		143,114		143,114		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		121,265		1
12.75% Senior secured notes		25,000		7,675		2
Related party Florida seller notes		10,797		10,797		2
Line of Credit		27,200		27,200		2
Subsidiary Note payable		36,167		36,167		2
Stock repurchase obligation		4,250		4,250		2

	December 31, 2014
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	77,734	$	77,734		1
Restricted cash		3,877		3,877		1
Finance receivables		159,669		159,669		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		254,775		1
12.75% Senior secured notes		25,000		16,125		2
Related party Florida seller notes		12,132		12,132		2
Subsidiary Note payable		34,137		34,137		2
Stock repurchase obligation		4,130		4,130		2

        Subsequent events:    The Company has evaluated its subsequent events (events occurring after September 30, 2015) through the issuance date of November 16, 2015.

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Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations

Schedule of results from discontinued operations

	Nine Months Ended September 30, 2014
Revenues:
Card fees	$	7,494
Other		191
Total revenues		7,685
Operating gross profit		7,685
Corporate and other expenses
Corporate expenses		6,846
Depreciation and amortization		1,139
Interest expense, net		24
Total corporate and other expenses		8,009
Loss before benefit for income taxes		(324	)
Benefit for income taxes		(130	)
Loss from continuing operations		(194	)
Loss on disposal		(4,391	)
Total discontinued operations	$	(4,585	)

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Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Details 4) - Consumer Borrower - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Aging of receivables
Current finance receivables	$ 152,476	$ 173,522
Current finance receivables (as a percent)	86.40%	89.70%
Past due finance receivables
Total past due finance receivables (1 - 30 days)	$ 15,523	$ 13,443
Total past due finance receivables (1 - 30 days) (as a percent)	8.90%	6.90%
Total past due finance receivables (31 - 60 days)	$ 4,657	$ 4,377
Total past due finance receivables (31 - 60 days) (as a percent)	2.60%	2.30%
Total past due finance receivables (61 - 90 days)	$ 3,726	$ 2,133
Total past due finance receivables (61 - 90 days) (as a percent)	2.10%	1.10%
Total delinquent	$ 23,906	$ 19,953
Total delinquent (as a percent)	13.60%	10.30%
Gross receivables	$ 176,382	$ 193,475	$ 212,645
Gross receivables (as a percent)	100.00%	100.00%
Short-term consumer loans
Past due finance receivables
Total past due finance receivables (1 - 30 days)	$ 1,442	$ 1,185
Total past due finance receivables (1 - 30 days) (as a percent)	0.80%	0.60%
Gross receivables	$ 80,251	$ 96,015	130,088
Medium term consumer loans
Past due finance receivables
Total past due finance receivables (1 - 30 days)	$ 14,081	$ 12,258
Total past due finance receivables (1 - 30 days) (as a percent)	8.10%	6.30%
Total past due finance receivables (31 - 60 days)	$ 4,657	$ 4,377
Total past due finance receivables (31 - 60 days) (as a percent)	2.60%	2.30%
Total past due finance receivables (61 - 90 days)	$ 3,726	$ 2,133
Total past due finance receivables (61 - 90 days) (as a percent)	2.10%	1.10%
Gross receivables	$ 96,131	$ 97,460	$ 82,557

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Supplemental Guarantor Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015 USD ($)
CCFI
Supplemental guarantor information
Independent assets	$ 0
Independent operations	0
Alabama revolving credit facility
Supplemental guarantor information
Maximum borrowing capacity	7,000
Financial guarantee | Subsidiary Guarantors | 2019 and 2020 Notes
Supplemental guarantor information
Total net worth requirements	7,000
Financial guarantee | Subsidiary Guarantors | Minimum | 2019 and 2020 Notes
Supplemental guarantor information
Net worth required to be maintained	5
Financial guarantee | Subsidiary Guarantors | Maximum | 2019 and 2020 Notes
Supplemental guarantor information
Net worth required to be maintained	$ 1,000

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Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 104,194	$ 77,734
Restricted cash	4,384	3,877
Finance receivables, net of allowance for loan losses of $24,797 and $22,775	129,037	140,418
Short-term investments, certificates of deposit	1,115	1,115
Card related pre-funding and receivables	1,931	2,606
Other current assets	25,683	25,840
Deferred tax asset, net	12,770	12,770
Total current assets	279,114	264,360
Noncurrent Assets
Finance receivables, net of allowance for loan losses of $6,334 and $7,588	14,077	19,251
Property, leasehold improvements and equipment, net	46,512	39,635
Goodwill	221,101	222,565
Other intangible assets	2,192	3,545
Security deposits	3,156	2,653
Deferred tax asset, net	26,546	17,052
Deferred debt issuance costs	8,351	9,328
Total assets	601,049	578,389
Current Liabilities
Current portion of capital lease obligation	1,400	1,166
Current portion of related party Florida seller notes	10,797	2,786
Less current maturities	213	383
Deferred revenue	3,084	2,993
Accrued interest	19,780	8,189
Money orders payable	7,580	9,090
Accounts payable and accrued liabilities	34,388	36,376
Total current liabilities	77,242	60,983
Noncurrent Liabilities
Lines of credit	27,200
Subsidiary notes Payable	35,954	33,754
Capital lease obligation	1,547	1,806
Stock repurchase obligation	4,250	4,130
Related party Florida seller notes		9,346
Lease termination payable	1,614
Senior secured notes	420,000	420,000
Deferred revenue	743	2,982
Total liabilities	$ 568,550	$ 533,001
Commitments and Contingencies
Stockholders' Equity
Preferred stock, par value $.01 per share, 3,000 shares authorized, no shares issued and outstanding
Common stock, par value $.01 per share, 300,000 authorized shares and 8,982 outstanding shares at September 30, 2015 and December 31, 2014	$ 90	$ 90
Additional paid-in capital	128,216	127,729
Retained deficit	(95,807)	(82,431)
Total stockholders' equity	32,499	45,388
Total liabilities and stockholders' equity	$ 601,049	$ 578,389

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Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities
Accounts payable	$ 4,603	$ 7,661
Accrued payroll and compensated absences	10,907	7,184
Wire transfers payable	1,539	1,815
Accrual for third-party losses	3,031	4,434
Unearned CSO fees	5,104	5,925
Deferred rent	1,150	1,141
Bill payment	2,434	3,386
Lease termination	1,202
Other	4,418	4,830
Accounts payable and accrued liabilities	$ 34,388	$ 36,376

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Consolidated Statements of Stockholders' Equity - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Deficit	Total
Balance at Dec. 31, 2014	$ 90	$ 127,729	$ (82,431)	$ 45,388
Balance (in shares) at Dec. 31, 2014	8,981,536
Increase (Decrease) in Stockholders' Equity
Stock-based compensation expense		487		487
Net loss			(13,376)	(13,376)
Balance at Sep. 30, 2015	$ 90	$ 128,216	$ (95,807)	$ 32,499
Balance (in shares) at Sep. 30, 2015	8,981,536

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Ownership, Nature of Business, and Significant Accounting Policies (Details 2) - Consumer Borrower - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Short-term consumer loans
Finance receivables
Interest rate on loan products (as a percent)	25.00%
Secured short term loan
Finance receivables
Maturity period of promissory note	90 days
Fee per $.1 borrowed (as a percent)	17.30%	17.50%
Medium term loans up to one year
Finance receivables
Maturity period of loan, for loan balances to be charged-off when accounts are past due by stipulated period	1 year
Period of past due when accounts are required to be charged-off	60 days
Medium term loans greater than one year
Finance receivables
Maturity period of loan, for loan balances to be charged-off when accounts are past due by stipulated period	1 year
Minimum | Short-term consumer loans
Finance receivables
Fee per $.1 borrowed (as a percent)	15.00%
Minimum | Unsecured short term loan
Finance receivables
Consumer loan products	$ 100
Maturity period of promissory note	14 days
Minimum | Medium term consumer loans
Finance receivables
Maturity period of promissory note	90 days
Minimum | Unsecured medium term loans
Finance receivables
Consumer loan products	$ 100
Maturity period of promissory note	3 months
Maximum | Short-term consumer loans
Finance receivables
Maturity period of promissory note	90 days
Fee per $.1 borrowed (as a percent)	20.00%
Maximum | Unsecured short term loan
Finance receivables
Consumer loan products	$ 1,000
Maturity period of promissory note	30 days
Maximum | Medium term consumer loans
Finance receivables
Maturity period of promissory note	36 days
Maximum | Secured medium term loan
Finance receivables
Fee per $.1 borrowed (as a percent)	11.60%	15.00%
Period of past due when accounts are required to be charged-off	90 days
Maximum | Unsecured medium term loans
Finance receivables
Consumer loan products	$ 5,000
Maturity period of promissory note	36 months
Maximum | Medium term loans greater than one year
Finance receivables
Period of past due when accounts are required to be charged-off	91 days

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Transactions with Variable Interest Entities

9 Months Ended

Sep. 30, 2015

Transactions with Variable Interest Entities

Transactions with Variable Interest Entities

Note 15. Transactions with Variable Interest Entities

        The Company has limited agency agreements with unaffiliated third-party lenders. The agreements govern the terms by which the Company refers customers to that lender, on a non-exclusive basis, for a possible extension of credit, processes loan applications and commits to reimburse the lender for any loans or related fees that were not collected from such customers. As of September 30, 2015, and December 31, 2014, the outstanding amount of active consumer loans, which were guaranteed by the Company and represented the Company's maximum exposure, was $42,498 and $52,680, respectively. This guarantee obligation is recorded as a current liability on the Company's consolidated balance sheet. The accrual for these obligations totaled $3,031 and $4,434 as of September 30, 2015 and December 31, 2014, respectively. The Company has determined that the lenders are VIEs but that the Company is not the primary beneficiary of the VIEs. Therefore, the Company has not consolidated either lender.

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Ownership, Nature of Business, and Significant Accounting Policies (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial assets:
Restricted cash	$ 4,384	$ 3,877
Short-term investments, certificates of deposit	1,115	1,115
Financial liabilities:
Stock repurchase obligation	$ 4,250	$ 4,130
10.75% senior secured notes due 2019
Estimated fair values of financial instruments
Interest rate (as a percent)	10.75%	10.75%
12.75% senior secured notes due 2020
Estimated fair values of financial instruments
Interest rate (as a percent)	12.75%	12.75%
Carrying Amount | Level 1
Financial assets:
Cash and cash equivalents	$ 104,194	$ 77,734
Restricted cash	4,384	3,877
Carrying Amount | Level 2
Financial assets:
Short-term investments, certificates of deposit	1,115	1,115
Financial liabilities:
Stock repurchase obligation	4,250	4,130
Carrying Amount | Level 3
Financial assets:
Finance receivables	143,114	159,669
Carrying Amount | Term note, secured, due December 2014 | Level 2
Financial liabilities:
Notes payable	36,167	34,137
Carrying Amount | 10.75% senior secured notes due 2019 | Level 1
Financial liabilities:
Notes payable	395,000	395,000
Carrying Amount | 12.75% senior secured notes due 2020 | Level 2
Financial liabilities:
Notes payable	25,000	25,000
Carrying Amount | Related party Florida seller notes | Level 2
Financial liabilities:
Notes payable	10,797	12,132
Carrying Amount | Line of credit | Level 2
Financial liabilities:
Notes payable	27,200
Fair Value | Level 1
Financial assets:
Cash and cash equivalents	104,194	77,734
Restricted cash	4,384	3,877
Fair Value | Level 2
Financial assets:
Short-term investments, certificates of deposit	1,115	1,115
Financial liabilities:
Stock repurchase obligation	4,250	4,130
Fair Value | Level 3
Financial assets:
Finance receivables	143,114	159,669
Fair Value | Term note, secured, due December 2014 | Level 2
Financial liabilities:
Notes payable	36,167	34,137
Fair Value | 10.75% senior secured notes due 2019 | Level 1
Financial liabilities:
Notes payable	121,265	254,775
Fair Value | 12.75% senior secured notes due 2020 | Level 2
Financial liabilities:
Notes payable	7,675	16,125
Fair Value | Related party Florida seller notes | Level 2
Financial liabilities:
Notes payable	10,797	$ 12,132
Fair Value | Line of credit | Level 2
Financial liabilities:
Notes payable	$ 27,200

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Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

9 Months Ended

Sep. 30, 2015

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information

Note 17. Supplemental Condensed Consolidating Guarantor and Non- Guarantor Financial Information

        The following presents the condensed consolidating guarantor financial information as of September 30, 2015, and December 31, 2014, and for the nine months ended September 30, 2015, and 2014, for the subsidiaries of the Company that serve as guarantors of the Notes, and for the subsidiaries that do not serve as a guarantor. The non-guarantor subsidiaries are Buckeye Check Cashing of Florida II, LLC, CCFI Funding LLC, CCFI Funding II LLC, Direct Financial Solutions of UK Limited and its subsidiary Cash Central UK Limited, Direct Financial Solutions of Canada, Inc and its subsidiaries DFS-CC Financial Services LLC, DFS-CC Financial Services (Calgary) LLC and DFS-CC Financial Services (Toronto) LLC, and Direct Financial Solutions of Australia Pty Ltd and its subsidiary Cash Central of Australia Pty Ltd. Each of the Company's guarantor subsidiaries are 100% owned by the Company or its subsidiaries, and all guarantees are full, unconditional, and joint and several.

        Of the entities under "Non-Guarantor Subsidiaries" in the tables below, Buckeye Check Cashing of Florida II, LLC, CCFI Funding, and CCFI Funding II are "Unrestricted Subsidiaries" as defined in the Indentures. Buckeye Check Cashing of Florida II, LLC was acquired on July 31, 2012, CCFI Funding was created on December 20, 2013, and CCFI Funding II was established on September 19, 2014. As of September 30, 2015, and December 31, 2014, such unrestricted subsidiaries had total assets of $101,267 and $90,718 and total liabilities of $70,496 and $69,380, respectively, and for the nine months ended September 30, 2015, and 2014 had total revenues of $72,374 and $33,490, total operating expenses of $44,515 and $22,519, and income before income taxes of $18,061 and $1,599, respectively. As described in Note 14 above, Insight Holdings is included in the tables below as a "Non-Guarantor Subsidiary" because the Company consolidated the entity as of April 1, 2013. For the nine months ended September 30, 2014, this entity is included in discontinued operations, net of tax. The remainder of the entities included under "non-Guarantor Subsidiaries" in the tables below are "Restricted Subsidiaries" as defined in the Indentures governing the 2019 notes and the 2020 notes and, for the periods specified, did not have material assets, liabilities, revenue or expenses.

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Balance Sheet (unaudited)
September 30, 2015

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	—		$	75,532	$	28,662	$	—		$	104,194
Restricted cash		—			4,384		—		—			4,384
Finance receivables, net		—			95,054		38,154		(4,171	)		129,037
Short-term investments, certificates of deposit		—			1,115		—		—			1,115
Card related pre-funding and receivables		—			1,931		—		—			1,931
Other current assets		—			56,121		82		(30,520	)		25,683
Deferred tax asset, net		—			12,770		—		—			12,770
Total current assets		—			246,907		66,898		(34,691	)		279,114
Noncurrent Assets
Investment in Subsidiaries		408,296			15,996		—		(424,292	)		—
Finance receivables, net		—			14,077		—		—			14,077
Property, leasehold improvements and equipment, net		—			43,641		2,871		—			46,512
Goodwill		—			190,066		31,035		—			221,101
Other intangible assets		—			2,015		177		—			2,192
Security deposits		—			3,001		155		—			3,156
Deferred tax asset, net		—			26,546		—		—			26,546
Deferred debt issuance costs		8,030			190		131		—			8,351
Total assets	$	416,326		$	542,439	$	101,267	$	(458,983	)	$	601,049
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of capital lease obligation		—			1,283		117		—		$	1,400
Current portion of related party Florida seller notes		—			—		10,797		—			10,797
Current portion of subsidiary note payable		—			213		—		—			213
CCFI Funding Notes		—			—		5,353		(5,353	)		—
Deferred revenue		—			3,084		—		—			3,084
Accrued interest		19,468			3		1,608		(1,299	)		19,780
Money orders payable		—			7,580		—		—			7,580
Accounts payable and accrued liabilities		—			49,226		13,201		(28,039	)		34,388
Total current liabilities		19,468			61,389		31,076		(34,691	)		77,242
Noncurrent Liabilities
Lines of credit		27,200			—		—		—			27,200
Subsidiary note payable		—			954		35,000		—			35,954
Capital lease obligation		—			1,468		79		—			1,547
Stock repurchase obligation		—			—		4,250		—			4,250
Lease termination payable		—			1,523		91		—			1,614
Senior secured notes		420,000			—		—		—			420,000
Deferred Revenue		—			743		—		—			743
Total liabilities		466,668			66,077		70,496		(34,691	)		568,550
Stockholders' Equity (Deficit)		(50,342	)		476,362		30,771		(424,292	)		32,499
Total liabilities and stockholders' equity	$	416,326		$	542,439	$	101,267	$	(458,983	)	$	601,049

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Balance Sheet
December 31, 2014

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Total Eliminations			Consolidated
Assets
Current Assets
Cash and cash equivalents	$	—		$	63,372	$	14,362	$	—		$	77,734
Restricted cash		—			3,877		—		—			3,877
Finance receivables, net		—			101,493		41,181		(2,256	)		140,418
Short-term investments, certificates of deposit		—			1,115		—		—			1,115
Card related pre-funding and receivables		—			2,606		—		—			2,606
Other current assets		—			45,856		101		(20,117	)		25,840
Deferred tax asset, net		—			12,770		—		—			12,770
Total current assets		—			231,089		55,644		(22,373	)		264,360
Noncurrent Assets
Investment in Subsidiaries		368,838			15,168		—		(384,006	)		—
Finance receivables, net		—			19,251		—		—			19,251
Property, leasehold improvements and equipment, net		—			36,734		2,901		—			39,635
Goodwill		—			191,530		31,035		—			222,565
Other intangible assets		—			2,902		643		—			3,545
Security deposits		—			2,486		167		—			2,653
Deferred tax asset, net		—			17,052		—		—			17,052
Deferred debt issuance costs		8,950			50		328		—			9,328
Total assets	$	377,788		$	516,262	$	90,718	$	(406,379	)	$	578,389
Liabilities and Stockholders' Equity
Current Liabilities
Current portion of capital lease obligation	$	—		$	1,050	$	116	$	—		$	1,166
Current portion of related party Florida seller notes		—			—		2,786		—			2,786
Current portion of subsidiary note payable		—			383		—		—			383
CCFI Funding Notes		—			—		5,353		(5,353	)		—
Deferred revenue		—			2,993		—		—			2,993
Accrued interest		8,046			1		640		(498	)		8,189
Money orders payable		—			8,508		582		—			9,090
Accounts payable and accrued liabilities		—			39,242		13,656		(16,522	)		36,376
Total current liabilities		8,046			52,177		23,133		(22,373	)		60,983
Noncurrent Liabilities
Subsidiary note payable		—			1,154		32,600		—			33,754
Capital lease obligation		—			1,635		171		—			1,806
Stock repurchase obligation		—			—		4,130		—			4,130
Related party Florida seller notes		—			—		9,346		—			9,346
Senior secured notes		420,000			—		—		—			420,000
Deferred Revenue		—			2,982		—		—			2,982
Total liabilities		428,046			57,948		69,380		(22,373	)		533,001
Stockholders' Equity (Deficit)		(50,258	)		458,314		21,338		(384,006	)		45,388
Total liabilities and stockholders' equity	$	377,788		$	516,262	$	90,718	$	(406,379	)	$	578,389

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statements of Operations (unaudited)
Nine Months Ended September 30, 2015

	Community		Guarantor		Non-Guarantor
	Choice Financial		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Finance receivable fees	$	—	$	189,330	$	59,792	$	—	$	249,122
Credit service fees		—		80,979		—		—		80,979
Check cashing fees		—		46,204		9,850		(7,100)		48,954
Card fees		—		6,237		388		—		6,625
Dividend		—		19,750		—		(19,750)		—
Other		—		18,817		2,344		(2,555)		18,606
Total revenues		—		361,317		72,374		(29,405)		404,286
Operating expenses:
Salaries and benefits		—		55,829		5,029		—		60,858
Provision for loan losses		—		120,498		31,706		—		152,204
Occupancy		—		20,330		2,561		(23)		22,868
Advertising and marketing		—		19,977		557		(1,569)		18,965
Lease termination costs				3,036		418		—		3,454
Depreciation and amortization		—		6,775		687		—		7,462
Other		—		48,014		3,457		(7,100)		44,371
Total operating expenses		—		274,459		44,415		(8,692)		310,182
Operating gross profit		—		86,858		27,959		(20,713)		94,104
Corporate expenses		—		65,491		1,393		(162)		66,722
Depreciation and amortization		—		3,629		506		—		4,135
Interest expense, net		38,468		294		6,717		(801)		44,678
Interest expense allocation		(38,468)		37,306		1,162		—		—
Market value of stock repurchase obligation		—		—		120		—		120
Total corporate and other expenses		—		106,720		9,898		(963)		115,655
Income (loss) before income taxes		—		(19,862)		18,061		(19,750)		(21,551)
Provision (benefit) for income taxes		—		(7,535)		6,851		(7,491)		(8,175)
Net income (loss)	$	—	$	(12,327)	$	11,210	$	(12,259)	$	(13,376)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statements of Operations (unaudited)
Nine Months Ended September 30, 2014

	Community Choice Financial			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues:
Finance receivable fees	$	—		$	244,035	$	23,381		$	(738	)	$	266,678
Credit service fees		—			20,034		—			—			20,034
Check cashing fees		—			54,922		7,513			—			62,435
Card fees		—			5,196		211			—			5,407
Dividend		—			4,500		—			(4,500	)		—
Other		—			20,429		2,385			(2,041	)		20,773
Total revenues		—			349,116		33,490			(7,279	)		375,327
Operating expenses:
Salaries and benefits		—			50,502		4,989			—			55,491
Provision for loan losses		—			118,802		11,064			—			129,866
Occupancy		—			19,279		2,546			—			21,825
Advertising and marketing		—			13,580		697			(1,189	)		13,088
Depreciation and amortization		—			5,663		587			—			6,250
Other		—			37,282		2,636			(377	)		39,541
Total operating expenses		—			245,108		22,519			(1,566	)		266,061
Operating gross profit		—			104,008		10,971			(5,713	)		109,266
Corporate expenses		—			58,847		2,123			(475	)		60,495
Depreciation and amortization		—			3,551		838			—			4,389
Interest expense, net		37,600			168		3,939			(738	)		40,969
Interest expense allocation		(37,600	)		37,600		—			—			—
Market value of stock repurchase obligation		—			—		2,472			—			2,472
Total corporate and other expenses		—			100,166		9,372			(1,213	)		108,325
Income before income taxes		—			3,842		1,599			(4,500	)		941
Provision for income taxes		—			2,842		1,183			(3,328	)		696
Income from continuing operations		—			1,000		416			(1,172	)		245
Discontinued operations, net of tax		—			—		(4,585	)		—			(4,585	)
Net income (loss)	$	—		$	1,000	$	(4,169	)	$	(1,172	)	$	(4,340	)

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows (unaudited)
Nine Months Ended September 30, 2015

	Community Choice Financial			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	13,130		$	97,659		$	43,063		$	153,852
Cash flows from investing activities
Net receivables originated		—			(106,839	)		(28,679	)		(135,518	)
Net acquired assets, net of cash		—			(810	)		—			(810	)
Purchase of leasehold improvements and equipment		—			(15,506	)		(825	)		(16,331	)
Net cash used in investing activities		—			(123,155	)		(29,504	)		(152,659	)
Cash flows from financing activities
Proceeds from subsidiary note		—			—			2,400			2,400
Payments on subsidiary note		—			(370	)		—			(370	)
Payments on related party Florida seller notes		—			—			(1,500	)		(1,500	)
Payments on capital lease obligations, net		—			(1,270	)		(91	)		(1,361	)
Proceeds from lines of credit		27,200			—			—			27,200
Intercompany activities		(39,458	)		39,458			—			—
Debt issuance costs		(872	)		(162	)		(68	)		(1,102	)
Net cash provided by (used in) financing activities		(13,130	)		37,656			741			25,267
Net increase in cash and cash equivalents		—			12,160			14,300			26,460
Cash and cash equivalents:
Beginning		—			63,372			14,362			77,734
Ending	$	—		$	75,532		$	28,662		$	104,194

Community Choice Financial Inc. and Subsidiaries
Condensed Consolidating Statement of Cash Flows (unaudited)
Nine Months Ended September 30, 2014

	Community Choice Financial			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	13,068		$	131,500		$	17,161		$	161,729
Cash flows from investing activities
Net receivables originated		—			(120,211	)		(24,765	)		(144,976	)
Net acquired assets, net of cash		—			(874	)		(1,318	)		(2,192	)
Internally developed software intangible asset		—			—			(72	)		(72	)
De-consolidation of Insight Holdings		—			6,731			(7,359	)		(628	)
Proceeds from sale of equity investment		—			—			3,500			3,500
Purchase of leasehold improvements and equipment		—			(17,299	)		(1,109	)		(18,408	)
Net cash used in investing activities		—			(131,653	)		(31,123	)		(162,776	)
Cash flows from financing activities
Proceeds from subsidiary note		—			1,425			21,350			22,775
Payments on subsidiary note		—			(11	)		—			(11	)
Proceeds from CCFI Funding Notes		—			(5,352	)		5,352			—
Payments on capital lease obligations, net		—			635			218			853
Net advances on lines of credit		11,664			—			—			11,664
Buyback of restricted stock units		—			(107	)		—			(107	)
Payments on mortgage note payable		—			—			(426	)		(426	)
Proceeds from refinance of mortgage note payable		—			—			720			720
Member distribution		—			—			(387	)		(387	)
Intercompany activities		(24,732	)		24,732			—			—
Debt issuance costs		—			(305	)		—			(305	)
Net cash provided by (used in) financing activities		(13,068	)		21,017			26,827			34,776
Net increase in cash and cash equivalents		—			20,864			12,865			33,729
Cash and cash equivalents:
Beginning		—			84,433			5,878			90,311
Ending	$	—		$	105,297		$	18,743		$	124,040

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net loss	$ (13,376)	$ (4,340)
Adjustments to reconcile net loss to net cash provided by operating activities:
Provision for loan losses	152,204	129,866
Loss on deconsolidation of Insight Holdings		4,585
(Gain) loss on disposal of assets	991	(48)
Depreciation	10,109	8,073
Amortization of note discount and deferred debt issuance costs	2,244	1,967
Amortization of intangibles	1,488	3,706
Deferred income taxes	(7,796)	1,337
Change in fair value of stock repurchase obligation	120	2,472
Stock-based compensation	487	1,970
Changes in assets and liabilities:
Card related pre-funding and receivables	675	(992)
Restricted cash	(507)	(2,473)
Other assets	(346)	1,259
Deferred revenue	(2,148)	(1,655)
Accrued interest	11,591	11,459
Money orders payable	(1,510)	(901)
Lease termination payable	1,614
Accounts payable and accrued expenses	(1,988)	5,444
Net cash provided by operating activities	153,852	161,729
Cash flows from investing activities
Net receivables originated	(135,518)	(144,976)
Net acquired assets, net of cash	(810)	(2,192)
Internally developed software intangible asset		(72)
De-consolidation of Insight holdings		(628)
Proceeds from sale of equity investment		3,500
Purchase of leasehold improvements and equipment	(16,331)	(18,408)
Net cash used in investing activities	(152,659)	(162,776)
Cash flows from financing activities
Proceeds from subsidiary note	2,400	22,775
Payments on subsidiary note	(370)	(11)
Payments on related party Florida seller notes	(1,500)
Payments on capital lease obligations, net	(1,361)	853
Proceeds on lines of credit, net	27,200	11,664
Repurchase of restricted stock units		(107)
Payments on mortgage note payable		(426)
Proceeds from refinance of mortgage note payable		720
Debt issuance costs	(1,102)	(305)
Member distribution		(387)
Net cash provided by financing activities	25,267	34,776
Net increase in cash and cash equivalents	26,460	33,729
Cash and cash equivalents:
Beginning	77,734	90,311
Ending	$ 104,194	$ 124,040

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Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets
Finance receivables current, allowance for loan losses (in dollars)	$ 24,797	$ 22,775
Finance receivables non current, allowance for loan losses (in dollars)	$ 6,334	$ 7,588
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000	3,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	300,000	300,000
Common stock, shares outstanding	8,982	8,982

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Business Combinations

9 Months Ended

Sep. 30, 2015

Business Combinations

Business Combinations

Note 10. Business Combinations

        There were no significant business combinations during the nine months ended September 30, 2015.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2015 shares
Document and Entity Information
Entity Registrant Name	Community Choice Financial Inc.
Entity Central Index Key	0001528061
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	8,981,536
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3

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Stock-Based Compensation

9 Months Ended

Sep. 30, 2015

Stock-Based Compensation

Stock-Based Compensation

Note 11. Stock Based Compensation

        Stock-based compensation costs for the three months ended September 30, 2015, and 2014 were $115 and $378, respectively, and for the nine months ended September 30, 2015, and 2014 were $487 and $1,970, respectively. As of September 30, 2015, and September 30, 2014, unrecognized stock-based compensation costs to be recognized over future periods approximated $1,044 and $2,026, respectively. At September 30, 2015, the remaining unrecognized compensation expense was $726 for certain awards that vest solely upon a change in control and $318 for certain awards that vest either over the requisite service period or a change in control. The remaining weighted-average period for the awards that vest solely upon a change in control cannot be determined because they vest upon an event not within the Company's control. The remaining unrecognized compensation expense of $318 is expected to be recognized over a weighted-average period of 0.8 years. The total income tax benefit recognized in the consolidated statements of operations for the stock-based compensation arrangements was $195 and $788 for the nine month periods ended September 30, 2015 and 2014, respectively.

        There were no significant stock option, restricted stock unit, or stock appreciation right activities during the nine months ended September 30, 2015.

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Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Finance receivable fees	$ 86,093	$ 98,572	$ 249,122	$ 266,678
Credit service fees	28,045	7,514	80,979	20,034
Check cashing fees	15,516	20,818	48,954	62,435
Card fees	2,142	2,077	6,625	5,407
Other	5,792	7,004	18,606	20,773
Total revenues	137,588	135,985	404,286	375,327
Operating expenses:
Salaries and benefits	19,722	18,918	60,858	55,491
Provision for loan losses	60,378	55,584	152,204	129,866
Occupancy	7,572	7,462	22,868	21,825
Advertising and marketing	6,662	5,486	18,965	13,088
Lease termination costs	2,628		3,454
Depreciation and amortization	2,578	2,293	7,462	6,250
Other	15,534	13,987	44,371	39,541
Total operating expenses	115,074	103,730	310,182	266,061
Operating gross profit	22,514	32,255	94,104	109,266
Corporate and other expenses
Corporate expenses	24,201	20,932	66,722	60,495
Depreciation and amortization	1,325	1,521	4,135	4,389
Interest expense, net	15,319	14,272	44,678	40,969
Market value of stock repurchase obligation	(890)	2,512	120	2,472
Total corporate and other expenses	39,955	39,237	115,655	108,325
Income (loss) from continuing operations, before tax	(17,441)	(6,982)	(21,551)	941
Provision (benefit) for income taxes	(6,536)	(2,530)	(8,175)	696
Income (loss) from continuing operations, net of tax	(10,905)	(4,452)	(13,376)	245
Discontinued operations (net of provision for income taxes of $-0-, $-0-, $-0-, and $1,422 )				(4,585)
Net loss	(10,905)	(4,452)	(13,376)	(4,340)
Net loss attributable to non-controlling interests				(297)
Net loss attributable to controlling interests	(10,905)	(4,452)	(13,376)	(4,043)
Amounts attributable to Community Choice Financial shareholders:
Net income (loss) from continuing operations, net of tax	(10,905)	(4,452)	(13,376)	245
Discontinued operations, net of tax				(4,288)
Net loss attributable to Community Choice Financial shareholders	$ (10,905)	$ (4,452)	$ (13,376)	$ (4,043)

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Pledged Assets and Debt

9 Months Ended

Sep. 30, 2015

Pledged Assets and Debt

Pledged Assets and Debt

Note 5. Pledged Assets and Debt

        Lines of credit at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015		December 31, 2014
$7,000 Revolving credit, secured, prime plus 1.00% with 5.00% floor, due July 2016, collateralized by all of Insight Capital, LLC's assets	$	—	$	—
$31,700 Revolving credit, secured, interest rate as defined below, due March 2017, collateralized by all Company assets		27,200		—
		27,200		—
Less current maturities		—		—
Long-term portion	$	27,200	$	—

        The revolving credit facility due April 2015 was amended in March 2015 and is now structured as a $31.7 million revolving credit facility with an accordion feature that allows the Company to request an increase in the revolving credit facility of up to $40.0 million in total availability, so long as no event of default exists. The revolving credit facility is a two-year facility scheduled to mature on March 27, 2017. The interest rate is one-month LIBOR plus 14% with a 15% floor, and there is a make-whole payment if the revolving principal balance falls below 85% of the aggregate commitment on or before September 27, 2016. The 1-month LIBOR rate was 0.20% and 0.15% at September 30, 2015, and December 31, 2014, respectively, and the prime rate was 3.25% at both September 30, 2015, and December 31, 2014. The revolving credit facility includes an undrawn line fee of 3.0% of any unused commitments.

        Subsidiary notes payable at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015		December 31, 2014
$35,000 Note, secured, 16.5%, collateralized by acquired loans, due January 2017	$	35,000	$	32,600
$1,425 Term note, secured, 4.25%, collateralized by financed asset, due July 2019		1,008		1,048
$489 Term note, secured, 8.50%, collateralized by financed asset, due July 2016		159		489
		36,167		34,137
Less current maturities		213		383
Long-term portion	$	35,954	$	33,754

        The $35.0 million subsidiary note, originally due in June 2016, was amended in November 2015 to extend the maturity date to January 2017.

        There were no additional significant changes to pledged assets or debt during the nine months ended September 30, 2015.

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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Note 4. Goodwill and Other Intangible Assets

        Intangible amortization expense for the three months ended September 30, 2015, and 2014 were $377 and $835, and for the nine months ended September 30, 2015, and 2014 were $1,488 and $3,706, respectively. There were no additional significant changes to goodwill and other intangible assets during the nine months ended September 30, 2015.

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Supplemental Guarantor Information

9 Months Ended

Sep. 30, 2015

Supplemental Guarantor Information

Supplemental Guarantor Information

Note 16. Supplemental Guarantor Information

        The 2019 notes and the 2020 notes contain various covenants that, subject to certain exceptions defined in the indentures governing each series of the notes (the "Indentures"), limit the Company's ability to, among other things, engage in certain transactions with affiliates, pay dividends or distributions, redeem or repurchase capital stock, incur or assume liens or additional debt, and consolidate or merge with or into another entity or sell substantially all of its assets. The Company has optional redemption features on the 2019 notes and the 2020 notes prior to their maturity which, depending on the date of the redemption, would require premiums to be paid in addition to all principal and interest due.

        The 2019 notes and 2020 notes are guaranteed by all of the Company's guarantor subsidiaries existing as of April 29, 2011 (the date the Company issued the 2019 notes) and any subsequent guarantor subsidiaries that guarantee the Company's indebtedness or the indebtedness of any other subsidiary guarantor (the "Subsidiary Guarantors"), in accordance with the Indentures. The Company is a holding company and has no independent assets or operations of its own. The guarantees under the 2019 notes and 2020 notes are full, unconditional, and joint and several. There are no restrictions on the ability of the Company or any of the Subsidiary Guarantors to obtain funds from its restricted subsidiaries by dividend or loan, except for net worth requirements of certain states in which the Company operates and certain requirements relating to the Company's Alabama subsidiary, Insight Capital, LLC, as a result of its separate revolving credit facility (the "Alabama Revolving Credit Agreement"). Certain Subsidiary Guarantors are required to maintain net worth ranging from $5 to $1,000. The total net worth requirements of these Subsidiary Guarantors is $7.0 million. The Indentures contain certain affirmative and negative covenants applicable to the Company and its Subsidiary Guarantors, including restrictions on their ability to incur additional indebtedness, consummate certain asset sales, make investments in certain entities that create liens on their assets, enter into certain affiliate transactions and make certain restricted payments, including restrictions on the Company's ability to pay dividends on, or repurchase, its common stock.

        As long as the $7,000 Alabama Revolving Credit Agreement remains outstanding, the guarantee provided Insight Capital, LLC will be secured on a second-priority basis by the shared Alabama collateral held by such subsidiary. As a result, any obligations under the Alabama Revolving Credit Agreement must first be satisfied before the Alabama subsidiary can make any payments with respect to the 2019 and 2020 Notes.

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Business Segments

9 Months Ended

Sep. 30, 2015

Business Segments

Business Segments

Note 12. Business Segments

        The Company has elected to organize and report on its operations as two operating segments: Retail financial services and Internet financial services.

        The following tables present summarized financial information for the Company's segments:

	As of and for the three months ended September 30, 2015
	Retail Financial Services			% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852					$	80,197								$	601,049
Goodwill		221,101						—									221,101
Other Intangible Assets		831						1,361									2,192
Total Revenues	$	101,029			100.0	%	$	36,559			100.0	%				$	137,588			100.0	%
Provision for Loan Losses		33,588			33.2	%		26,790			73.3	%					60,378			43.9	%
Other Operating Expenses		47,734			47.3	%		6,962			19.0	%					54,696			39.7	%
Operating Gross Profit		19,707			19.5	%		2,807			7.7	%					22,514			16.4	%
Interest Expense, net		9,908			9.8	%		5,411			14.8	%					15,319			11.1	%
Depreciation and Amortization		1,050			1.0	%		275			0.8	%					1,325			1.0	%
Market Value of Stock Repurchase Obligation		(890	)		(0.9	)%		—									(890	)		(0.6	)%
Other Corporate Expenses(a)		—						—						24,201			24,201			17.6	%
Income (loss) from Continuing Operations, before tax		9,639			9.5	%		(2,879	)		(7.9	)%		(24,201	)		(17,441	)		(12.7	)%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $332 for the three months ended September 30, 2015, have been eliminated.

	As of and for the nine months ended September 30, 2015
	Retail Financial Services		% of Revenue			Internet Financial Services			% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	520,852				$	80,197								$	601,049
Goodwill		221,101					—									221,101
Other Intangible Assets		831					1,361									2,192
Total Revenues	$	301,556		100.0	%	$	102,730			100.0	%				$	404,286			100.0	%
Provision for Loan Losses		84,627		28.1	%		67,577			65.8	%					152,204			37.6	%
Other Operating Expenses		138,451		45.9	%		19,527			19.0	%					157,978			39.1	%
Operating Gross Profit		78,478		26.0	%		15,626			15.2	%					94,104			23.3	%
Interest Expense, net		29,241		9.7	%		15,437			15.0	%					44,678			11.1	%
Depreciation and Amortization		3,290		1.1	%		845			0.8	%					4,135			1.0	%
Market Value of Stock Repurchase Obligation		120		0.0	%		—									120			0.0	%
Other Corporate Expenses(a)		—					—						66,722			66,722			16.5	%
Income (loss) from Continuing Operations, before tax		45,827		15.2	%		(656	)		(0.6	)%		(66,722	)		(21,551	)		(5.3	)%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $1,569 for the nine months ended September 30, 2015, have been eliminated.

	As of and for the three months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated			% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	105,480		100.0	%	$	30,505		100.0	%				$	135,985			100.0	%
Provision for Loan Losses		34,941		33.1	%		20,643		67.7	%					55,584			40.9	%
Other Operating Expenses		42,657		40.4	%		5,489		17.9	%					48,146			35.4	%
Operating Gross Profit		27,882		26.4	%		4,373		14.3	%					32,255			23.7	%
Interest Expense, net		10,521		10.0	%		3,751		12.3	%					14,272			10.5	%
Depreciation and Amortization		1,078		1.0	%		443		1.5	%					1,521			1.1	%
Market Value of Stock Repurchase Obligation		2,512		2.4	%		—								2,512			1.8	%
Other Corporate Expenses(a)		—					—					20,932			20,932			15.4	%
Income (loss) from Continuing Operations, before tax		13,771		13.1	%		179		0.6	%		(20,932	)		(6,982	)		(5.1	)%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $736 for the three months ended September 30, 2014, have been eliminated.

	As of and for the nine months ended September 30, 2014
	Retail Financial Services		% of Revenue			Internet Financial Services		% of Revenue			Unallocated Expenses			Consolidated		% of Revenue
Total Assets	$	610,234				$	69,265							$	679,499
Goodwill		281,728					13,458								295,186
Other Intangible Assets		2,112					2,046								4,158
Total Revenues	$	295,010		100.0	%	$	80,317		100.0	%				$	375,327		100.0	%
Provision for Loan Losses		81,029		27.5	%		48,837		60.8	%					129,866		34.6	%
Other Operating Expenses		123,436		41.8	%		12,759		15.9	%					136,195		36.3	%
Operating Gross Profit		90,545		30.7	%		18,721		23.3	%					109,266		29.1	%
Interest Expense, net		31,332		10.6	%		9,637		12.0	%					40,969		10.9	%
Depreciation and Amortization		2,981		1.0	%		1,408		1.8	%					4,389		1.2	%
Market Value of Stock Repurchase Obligation		2,472		0.8	%		—								2,472		0.7	%
Other Corporate Expenses(a)		—					—					60,495			60,495		16.1	%
Income (loss) from Continuing Operations, before tax		53,760		18.2	%		7,676		9.6	%		(60,495	)		941		0.3	%

(a)           Represents expenses not associated directly with operations that are not allocated between reportable segments. Therefore, the Company has elected to disclose all other corporate expenses as unallocated expenses.

        Intersegment revenues of $2,004 for the nine months ended September 30, 2014, have been eliminated.

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Concentrations of Credit Risks

9 Months Ended

Sep. 30, 2015

Concentrations of Credit Risks

Concentrations of Credit Risks

Note 8. Concentrations of Credit Risks

        The Company's portfolio of finance receivables is comprised of loan agreements with customers living in thirty-four states and consequently such customers' ability to honor their loan agreements may be affected by economic conditions in those states. Additionally, the Company is subject to regulation by federal and state governments that affect the products and services provided by the Company. To the extent that laws and regulations are passed that affect the Company's ability to offer loans or similar products in any of the states in which it operates, the Company's financial position could be adversely affected.

        The following table summarizes the allocation of the portfolio balance by state at September 30, 2015 and December 31, 2014:

	September 30, 2015					December 31, 2014
State	Balance Outstanding		Percentage of Total Outstanding			Balance Outstanding		Percentage of Total Outstanding
Alabama	$	17,897		10.2	%	$	22,681		11.7	%
Arizona		14,863		8.4			16,859		8.7
California		64,497		36.6			71,643		37.0
Florida		9,266		5.3			9,697		5.0
Virginia		16,712		9.3			15,770		8.2
Other retail segment states		27,274		15.5			30,393		15.7
Other internet segment states		25,873		14.7			26,432		13.7
Total	$	176,382		100.0	%	$	193,475		100.0	%

        The other retail segment states are: Illinois, Indiana, Kansas, Kentucky, Michigan, Missouri, Ohio, Oregon, Tennessee, and Utah.

        The internet segment states are: Alabama, Alaska, California, Delaware, Hawaii, Idaho, Illinois, Kansas, Louisiana, Maine, Minnesota, Mississippi, Missouri, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming. DFS UK was previously in other internet segment states as the Company ceased all international operations by September 30, 2015, in order to focus on its domestic operations.

        In certain markets, the Company offers a CSO product to assist consumers in obtaining credit with unaffiliated third-party lenders. Total gross finance receivables for which the Company has recorded an accrual for third-party lender losses totaled $42,498 and $52,680 at September 30, 2015, and December 31, 2014, respectively, and the corresponding guaranteed consumer loans are disclosed as an off-balance sheet arrangement.

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Accounts Payable and Accrued Liabilities

9 Months Ended

Sep. 30, 2015

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

Note 6. Accounts Payable and Accrued Liabilities

        Accounts payable and accrued liabilities at September 30, 2015, and December 31, 2014, consisted of the following:

	September 30, 2015		December 31, 2014
Accounts payable	$	4,603	$	7,661
Accrued payroll and compensated absences		10,907		7,184
Wire transfers payable		1,539		1,815
Accrual for third-party losses		3,031		4,434
Unearned CSO Fees		5,104		5,925
Deferred rent		1,150		1,141
Bill payment		2,434		3,386
Lease termination		1,202		—
Other		4,418		4,830
	$	34,388	$	36,376

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Operating and Capital Lease Commitments and Total Rental Expense

9 Months Ended

Sep. 30, 2015

Operating and Capital Lease Commitments and Total Rental Expense

Operating and Capital Lease Commitments and Total Rental Expense

Note 7. Operating and Capital Lease Commitments and Total Rental Expense

        Rental expense totaled $7,938 and $7,781 for the three months ended September 30, 2015, and 2014, and $23,894 and $22,721 for the nine months ended September 30, 2015, and 2014, respectively.

        There were no additional significant changes to operating and capital lease commitments during the nine months ended September 30, 2015. Lease termination costs totaled $2,628 and $3,454 for the three and nine months ended September 30, 2015, respectively, for the remaining operating lease obligation for closed retail locations.

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Contingencies

9 Months Ended

Sep. 30, 2015

Contingencies

Contingencies

Note 9. Contingencies

        From time-to-time the Company is a defendant in various lawsuits and administrative proceedings wherein certain amounts are claimed or violations of law or regulations are asserted. In the opinion of the Company's management, these claims are without substantial merit and should not result in judgments which in the aggregate would have a material adverse effect on the Company's financial statements.

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Ownership, Nature of Business, and Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2015 location segment state
Nature of business
Number of retail locations owned and operated | location	534
Number of states in which stores are operated	15
Number of states in which the Company had an internet presence	29
Business Segments
Number of operating segments | segment	2

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Discontinued Operations (Details ) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Corporate and other expenses
Benefit for income taxes	$ 0	$ 0	$ 0	$ 1,422
Total discontinued operations				(4,585)
Disposed of by Sale | Insight Holdings
Revenues
Card Fees				7,494
Other				191
Total Revenue				7,685
Operating Expenses:
Operating gross profit				7,685
Corporate and other expenses
Corporate expenses				6,846
Depreciation and amortization				1,139
Interest expenses, net				24
Total corporate and other expenses				8,009
Loss before benefit for income taxes				(324)
Benefit for income taxes				(130)
Loss from continuing operations				(194)
Loss on disposal				(4,391)
Total discontinued operations				$ (4,585)

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Discontinued Operations

9 Months Ended

Sep. 30, 2015

Discontinued Operations

Discontinued Operations

Note 14. Discontinued Operations

        The Company previously determined that Insight Holdings was a VIE of which the Company was the primary beneficiary. Therefore, the Company consolidated this VIE as of April 1, 2013 until it was sold on May 12, 2014. Insight Holdings has been reclassified as a discontinued operation on the consolidated statement of operations for the nine months ended September 30, 2014.

        Results from discontinued operations of Insight Holdings for the nine months ended September 30, 2014 were as follows:

	Nine Months Ended September 30, 2014
Revenues:
Card fees	$	7,494
Other		191
Total revenues		7,685
Operating gross profit		7,685
Corporate and other expenses
Corporate expenses		6,846
Depreciation and amortization		1,139
Interest expense, net		24
Total corporate and other expenses		8,009
Loss before benefit for income taxes		(324	)
Benefit for income taxes		(130	)
Loss from continuing operations		(194	)
Loss on disposal		(4,391	)
Total discontinued operations	$	(4,585	)

        There were no discontinued operations for the three months or nine months ended September 30, 2015 or the three months ended September 30, 2014.

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Ownership, Nature of Business, and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Ownership, Nature of Business, and Significant Accounting Policies

Schedule of estimated fair values of financial instruments

	September 30, 2015
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	104,194	$	104,194		1
Restricted cash		4,384		4,384		1
Finance receivables		143,114		143,114		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		121,265		1
12.75% Senior secured notes		25,000		7,675		2
Related party Florida seller notes		10,797		10,797		2
Line of Credit		27,200		27,200		2
Subsidiary Note payable		36,167		36,167		2
Stock repurchase obligation		4,250		4,250		2

	December 31, 2014
	Carrying Amount		Fair Value		Level
Financial assets:
Cash and cash equivalents	$	77,734	$	77,734		1
Restricted cash		3,877		3,877		1
Finance receivables		159,669		159,669		3
Short-term investments, certificates of deposit		1,115		1,115		2
Financial liabilities:
10.75% Senior secured notes		395,000		254,775		1
12.75% Senior secured notes		25,000		16,125		2
Related party Florida seller notes		12,132		12,132		2
Subsidiary Note payable		34,137		34,137		2
Stock repurchase obligation		4,130		4,130		2

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Business Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2015 USD ($) segment	Sep. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Business segment
Number of operating segments | segment			2
Total assets	$ 601,049	$ 679,499	$ 601,049	$ 679,499	$ 578,389
Goodwill	221,101	295,186	221,101	295,186	222,565
Other Intangible Assets	2,192	4,158	2,192	4,158	$ 3,545
Total Revenues	$ 137,588	$ 135,985	$ 404,286	$ 375,327
% of Revenue	100.00%	100.00%	100.00%	100.00%
Provision for loan losses	$ 60,378	$ 55,584	$ 152,204	$ 129,866
Provision for Loan Losses, % of Revenue	43.90%	40.90%	37.60%	34.60%
Other Operating Expenses	$ 54,696	$ 48,146	$ 157,978	$ 136,195
Other Operating Expenses, % of Revenue	39.70%	35.40%	39.10%	36.30%
Operating gross profit	$ 22,514	$ 32,255	$ 94,104	$ 109,266
Operating Gross Profit, % of Revenue	16.40%	23.70%	23.30%	29.10%
Interest Expense, net	$ 15,319	$ 14,272	$ 44,678	$ 40,969
Interest Expense, net, % of Revenue	11.10%	10.50%	11.10%	10.90%
Depreciation and Amortization	$ 1,325	$ 1,521	$ 4,135	$ 4,389
Depreciation and Amortization, % of Revenue	1.00%	1.10%	1.00%	1.20%
Market value of stock repurchase obligation	$ (890)	$ 2,512	$ 120	$ 2,472
Market value of stock repurchase obligation , % of Revenue	(0.60%)	1.80%	0.00%	0.70%
Other corporate expense	$ 24,201	$ 20,932	$ 66,722	$ 60,495
Other corporate expense, % of Revenue	17.60%	15.40%	16.50%	16.10%
Income (loss) from continuing operations, before tax	$ (17,441)	$ (6,982)	$ (21,551)	$ 941
Income (loss) from continuing operations before tax , % of Revenue	(12.70%)	(5.10%)	(5.30%)	0.30%
Unallocated expenses
Business segment
Other corporate expense	$ 24,201	$ 20,932	$ 66,722	$ 60,495
Income (loss) from continuing operations, before tax	(24,201)	(20,932)	(66,722)	(60,495)
Intersegment elimination
Business segment
Total Revenues	332	736	1,569	2,004
Retail Financial Services
Business segment
Total assets	520,852	610,234	520,852	610,234
Goodwill	221,101	281,728	221,101	281,728
Other Intangible Assets	831	2,112	831	2,112
Total Revenues	$ 101,029	$ 105,480	$ 301,556	$ 295,010
% of Revenue	100.00%	100.00%	100.00%	100.00%
Provision for loan losses	$ 33,588	$ 34,941	$ 84,627	$ 81,029
Provision for Loan Losses, % of Revenue	33.20%	33.10%	28.10%	27.50%
Other Operating Expenses	$ 47,734	$ 42,657	$ 138,451	$ 123,436
Other Operating Expenses, % of Revenue	47.30%	40.40%	45.90%	41.80%
Operating gross profit	$ 19,707	$ 27,882	$ 78,478	$ 90,545
Operating Gross Profit, % of Revenue	19.50%	26.40%	26.00%	30.70%
Interest Expense, net	$ 9,908	$ 10,521	$ 29,241	$ 31,332
Interest Expense, net, % of Revenue	9.80%	10.00%	(9.70%)	10.60%
Depreciation and Amortization	$ 1,050	$ 1,078	$ 3,290	$ 2,981
Depreciation and Amortization, % of Revenue	1.00%	1.00%	1.10%	1.00%
Market value of stock repurchase obligation	$ (890)	$ 2,512	$ 120	$ 2,472
Market value of stock repurchase obligation , % of Revenue	(0.90%)	2.40%	0.00%	0.80%
Income (loss) from continuing operations, before tax	$ 9,639	$ 13,771	$ 45,827	$ 53,760
Income (loss) from continuing operations before tax , % of Revenue	9.50%	13.10%	15.20%	18.20%
Internet Financial Services
Business segment
Total assets	$ 80,197	$ 69,265	$ 80,197	$ 69,265
Goodwill		13,458		13,458
Other Intangible Assets	1,361	2,046	1,361	2,046
Total Revenues	$ 36,559	$ 30,505	$ 102,730	$ 80,317
% of Revenue	100.00%	100.00%	100.00%	100.00%
Provision for loan losses	$ 26,790	$ 20,643	$ 67,577	$ 48,837
Provision for Loan Losses, % of Revenue	73.30%	67.70%	65.80%	60.80%
Other Operating Expenses	$ 6,962	$ 5,489	$ 19,527	$ 12,759
Other Operating Expenses, % of Revenue	19.00%	17.90%	19.00%	15.90%
Operating gross profit	$ 2,807	$ 4,373	$ 15,626	$ 18,721
Operating Gross Profit, % of Revenue	7.70%	14.30%	15.20%	23.30%
Interest Expense, net	$ 5,411	$ 3,751	$ 15,437	$ 9,637
Interest Expense, net, % of Revenue	14.80%	12.30%	15.00%	12.00%
Depreciation and Amortization	$ 275	$ 443	$ 845	$ 1,408
Depreciation and Amortization, % of Revenue	0.80%	1.50%	0.80%	1.80%
Income (loss) from continuing operations, before tax	$ (2,879)	$ 179	$ (656)	$ 7,676
Income (loss) from continuing operations before tax , % of Revenue	(7.90%)	0.60%	(0.60%)	9.60%

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Related Party Transactions and Balances (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Certain senior members of management
Related party transactions and balances
Expenses incurred from transactions with related party	$ 334		$ 695	$ 0
Related party with which entity has entered into information technology services agreement
Related party transactions and balances
Expenses incurred from transactions with related party	94	$ 178	205	333
Related party from which the entity has leased corporate office and certain branches
Related party transactions and balances
Expenses incurred from transactions with related party	$ 311	$ 275	$ 834	$ 834

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Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements of Operations
Discontinued operation, net of income tax benefit	$ 0	$ 0	$ 0	$ 1,422

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Related Party Transactions and Balances

9 Months Ended

Sep. 30, 2015

Related Party Transactions and Balances

Related Party Transactions and Balances

Note 3. Related Party Transactions and Balances

        Certain senior members of management have an interest in a vendor from which the Company purchases telecommunications services. The $334 and $695, respectively, in hardware and services for the three months and nine months ended September 30, 2015 were provided to the Company by the vendor at a reduced rate. There were no services provided for the nine months ended September 30, 2014. If the Company were to source the services from another vendor, the overall cost of the services would likely increase.

        The Company has a consulting agreement with a related party for information technology consulting services. Consulting services provided to the Company for the three months ended September 30, 2015, and 2014 were $94 and $178, and for the nine months ended September 30, 2015, and 2014 were $205 and $333, respectively.

        Certain retail locations of the Company are owned by related parties and leased from the related parties. Rent paid to the related parties for the three months ended September 30, 2015, and 2014 were $311 and $275, and for the nine months ended September 30, 2015, and 2014 were $834 and $834, respectively.

        There were no additional significant new, or changes to existing, related party transactions during the nine months ended September 30, 2015.

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Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2015

Finance Receivables, Credit Quality Information and Allowance for Loan Losses

Schedule of finance receivables representing amounts due from customers for advances

	September 30, 2015			December 31, 2014
Short-term consumer loans	$	80,251		$	96,015
Medium-term consumer loans		96,131			97,460
Gross receivables	$	176,382		$	193,475
Unearned advance fees, net of deferred loan origination costs		(2,137	)		(3,443	)
Finance receivables before allowance for loan losses		174,245			190,032
Allowance for loan losses		(31,131	)		(30,363	)
Finance receivables, net	$	143,114		$	159,669
Finance receivables, net
Current portion	$	129,037		$	140,418
Non-current portion		14,077			19,251
Total finance receivables, net	$	143,114		$	159,669

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

        Changes in the allowance for loan losses by product type for the three months ended September 30, 2015, are as follows:

	Balance 7/1/2015		Provision		Charge-Offs			Recoveries		Balance 9/30/2015		Receivables 9/30/2015		Allowance as a percentage of receivable
Short-term consumer loans	$	4,462	$	21,554	$	(44,243	)	$	22,377	$	4,150	$	80,251		5.17	%
Medium-term consumer loans		24,821		25,400		(26,326	)		3,086		26,981		96,131		28.07	%
	$	29,283	$	46,954	$	(70,569	)	$	25,463	$	31,131	$	176,382		17.65	%

        Changes in the allowance for loan losses by product type for the nine months ended September 30, 2015, are as follows:

	Balance 1/1/2015		Provision		Charge-Offs			Recoveries		Balance 9/30/2015		Receivables 9/30/2015		Allowance as a percentage of receivable
Short-term consumer loans	$	5,141	$	51,831	$	(116,960	)	$	64,138	$	4,150	$	80,251		5.17	%
Medium-term consumer loans		25,222		65,082		(70,906	)		7,583		26,981		96,131		28.07	%
	$	30,363	$	116,913	$	(187,866	)	$	71,721	$	31,131	$	176,382		17.65	%

        Changes in the allowance for loan losses by product type for the three months ended September 30, 2014 are as follows:

	Balance 7/1/2014		Provision		Charge-Offs			Recoveries		Balance 9/30/2014		Receivables 9/30/2014		Allowance as a percentage of receivable
Short-term consumer loans	$	5,206	$	28,337	$	(51,345	)	$	23,759	$	5,957	$	130,088		4.58	%
Medium-term consumer loans		19,090		19,703		(20,789	)		2,246		20,250		82,557		24.53	%
	$	24,296	$	48,040	$	(72,134	)	$	26,005	$	26,207	$	212,645		12.32	%

        Changes in the allowance for loan losses by product type for the nine months ended September 30, 2014, are as follows:

	Balance 1/1/2014		Provision		Charge-Offs			Recoveries		Balance 9/30/2014		Receivables 9/30/2014		Allowance as a percentage of receivable
Short-term consumer loans	$	5,631	$	64,749	$	(141,610	)	$	77,187	$	5,957	$	130,088		4.58	%
Medium-term consumer loans		12,377		47,279		(44,921	)		5,515		20,250		82,557		24.53	%
	$	18,008	$	112,028	$	(186,531	)	$	82,702	$	26,207	$	212,645		12.32	%

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

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Balance, beginning of period	$	3,029		$	1,835		$	4,434		$	1,481
Provision for loan losses		10,906			5,073			28,234			11,811
Charge-offs, net		(10,904	)		(4,847	)		(29,637	)		(11,231	)
Balance, end of period	$	3,031		$	2,061		$	3,031		$	2,061

Schedule of aging of receivables

	September 30, 2015				December 31, 2014
Current finance receivables	$	152,476	86.4	%	$	173,522	89.7	%
Past due finance receivables (1 - 30 days)
Short-term consumer loans		1,442	0.8	%		1,185	0.6	%
Medium-term consumer loans		14,081	8.1	%		12,258	6.3	%
Total past due finance receivables (1 - 30 days)		15,523	8.9	%		13,443	6.9	%
Past due finance receivables (31 - 60 days)
Medium-term consumer loans		4,657	2.6	%		4,377	2.3	%
Total past due finance receivables (31 - 60 days)		4,657	2.6	%		4,377	2.3	%
Past due finance receivables (61 - 90 days)
Medium-term consumer loans		3,726	2.1	%		2,133	1.1	%
Total past due finance receivables (61 - 90 days)		3,726	2.1	%		2,133	1.1	%
Total delinquent		23,906	13.6	%		19,953	10.3	%
	$	176,382	100.0	%	$	193,475	100.0	%

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Finance Receivables, Credit Quality Information and Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Finance Receivables, Credit Quality Information and Allowance for Loan Losses
Current Portion	$ 129,037	$ 140,418
Non-Current portion	14,077	19,251
Finance receivables, net	$ 143,114	$ 159,669

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Income Taxes

9 Months Ended

Sep. 30, 2015

Income Taxes

Income Taxes

Note 13. Income Taxes

        The Company files a consolidated federal income tax return. The Company files consolidated or separate state income tax returns as permitted by the individual states in which it operates. The effective rate change is related to permanent differences between book and tax. The Company had no liability recorded for unrecognized tax benefits at September 30, 2015 and December 31, 2014.

        At September 30, 2015 and December 31, 2014, the Company had gross deferred tax assets of $40,596 and $31,102, respectively. A valuation allowance of $1,280 was recognized at December 31, 2014 to reduce the deferred tax assets to the amount that was more likely than not expected to be realized. In evaluating whether a valuation allowance was needed for the deferred tax assets, the Company considered the ability to carry net operating losses back to prior periods, reversing taxable temporary differences, and estimates of future taxable income. The Company filed federal income tax returns to carry back the net operating loss generated in 2014 and expects to receive a refund of approximately $2.6 million. There have been no credits or net operating losses that have expired. In addition, the Company's projections of future taxable income are expected to result in the realization of the remaining deferred tax assets. The projections were evaluated in light of past operating results and considered the risks associated with future taxable income related to macroeconomic conditions in the markets in which the Company operates, regulatory developments and cost containment. The Company will continue to evaluate the need for a valuation allowance against deferred tax assets in future periods and will adjust the allowance as necessary if it determines that it is not more likely than not that some or all of the deferred tax assets are expected to be realized.

        The Company received notice that the Internal Revenue Service will be examining the Company's 2013 federal income tax return starting in the fourth quarter of 2015.