Finance Receivables (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
Receivables [Abstract] |
|
Schedule of components of net finance receivables by type |
Components of net finance receivables held for investment by type were as follows: | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | SpringCastle Portfolio | | Real Estate Loans | | Retail Sales Finance | | Total | | | | | | | | | | | | December 31, 2016 | | | | | | | | | | | Gross receivables * | | $ | 15,405 |
| | $ | — |
| | $ | 142 |
| | $ | 12 |
| | $ | 15,559 |
| Unearned finance charges and points and fees | | (2,062 | ) | | — |
| | 1 |
| | (1 | ) | | (2,062 | ) | Accrued finance charges | | 151 |
| | — |
| | 1 |
| | — |
| | 152 |
| Deferred origination costs | | 83 |
| | — |
| | — |
| | — |
| | 83 |
| Total | | $ | 13,577 |
| | $ | — |
| | $ | 144 |
| | $ | 11 |
| | $ | 13,732 |
| | | | | | | | | | | | December 31, 2015 | | | | | | | | | | | Gross receivables * | | $ | 15,353 |
| | $ | 1,672 |
| | $ | 534 |
| | $ | 25 |
| | $ | 17,584 |
| Unearned finance charges and points and fees | | (2,261 | ) | | — |
| | — |
| | (2 | ) | | (2,263 | ) | Accrued finance charges | | 147 |
| | 31 |
| | 4 |
| | — |
| | 182 |
| Deferred origination costs | | 56 |
| | — |
| | — |
| | — |
| | 56 |
| Total | | $ | 13,295 |
| | $ | 1,703 |
| | $ | 538 |
| | $ | 23 |
| | $ | 15,559 |
|
| | * | Gross receivables are defined as follows: |
| | • | Finance receivables purchased as a performing receivable — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts to reflect the finance receivable balance at its initial fair value; |
| | • | Finance receivables originated subsequent to the OneMain Acquisition and the Fortress Acquisition (as defined below) — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; |
| | • | Purchased credit impaired finance receivables — gross finance receivables equal the remaining estimated cash flows less the current balance of accretable yield on the purchased credit impaired accounts; and |
| | • | TDR finance receivables — gross finance receivables equal the UPB for interest bearing accounts and the gross remaining contractual payments for precompute accounts; additionally, the remaining unearned discount, net of premium established at the time of purchase, is included in both interest bearing and precompute accounts previously purchased as a performing receivable. |
|
Schedule of largest concentrations of net finance receivables |
The largest concentrations of net finance receivables were as follows: | | | | | | | | | | | | | | | | December 31, | | 2016 | | 2015 * | (dollars in millions) | | Amount | | Percent | | Amount | | Percent | | | | | | | | | | Texas | | $ | 1,196 |
| | 9 | % | | $ | 1,202 |
| | 8 | % | North Carolina | | 1,112 |
| | 8 |
| | 1,370 |
| | 9 |
| Pennsylvania | | 825 |
| | 6 |
| | 961 |
| | 6 |
| California | | 813 |
| | 6 |
| | 939 |
| | 6 |
| Ohio | | 660 |
| | 5 |
| | 780 |
| | 5 |
| Virginia | | 623 |
| | 5 |
| | 714 |
| | 5 |
| Illinois | | 599 |
| | 4 |
| | 670 |
| | 4 |
| Georgia | | 586 |
| | 4 |
| | 660 |
| | 4 |
| Florida | | 579 |
| | 4 |
| | 657 |
| | 4 |
| Indiana | | 539 |
| | 4 |
| | 584 |
| | 4 |
| South Carolina | | 508 |
| | 4 |
| | 571 |
| | 4 |
| Other | | 5,692 |
| | 41 |
| | 6,451 |
| | 41 |
| Total | | $ | 13,732 |
| | 100 | % | | $ | 15,559 |
| | 100 | % |
| | * | December 31, 2015 concentrations of net finance receivables are presented in the order of December 31, 2016 state concentrations. |
|
Summary of net finance receivables by type by days delinquent |
The following is a summary of net finance receivables held for investment by type and by number of days delinquent: | | | | | | | | | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | SpringCastle Portfolio | | Real Estate Loans | | Retail Sales Finance | | Total | | | | | | | | | | | | December 31, 2016 | | | | | | | | | | | Net finance receivables: | | | | | | | | | | | Performing | | | | | | | | | | | Current | | $ | 12,920 |
| | $ | — |
| | $ | 102 |
| | $ | 11 |
| | $ | 13,033 |
| 30-59 days past due | | 174 |
| | — |
| | 9 |
| | — |
| | 183 |
| 60-89 days past due | | 130 |
| | — |
| | 4 |
| | — |
| | 134 |
| Total performing | | 13,224 |
| | — |
| | 115 |
| | 11 |
| | 13,350 |
| Nonperforming | | | | | | | | | | | 90-179 days past due | | 349 |
| | — |
| | 8 |
| | — |
| | 357 |
| 180 days or more past due | | 4 |
| | — |
| | 21 |
| | — |
| | 25 |
| Total nonperforming | | 353 |
| | — |
| | 29 |
| | — |
| | 382 |
| Total | | $ | 13,577 |
| | $ | — |
| | $ | 144 |
| | $ | 11 |
| | $ | 13,732 |
| | | | | | | | | | | | December 31, 2015 | | | | | | | | | | | Net finance receivables: | | | | | | | | | | | Performing | | | | | | | | | | | Current | | $ | 12,777 |
| | $ | 1,588 |
| | $ | 486 |
| | $ | 22 |
| | $ | 14,873 |
| 30-59 days past due | | 170 |
| | 49 |
| | 13 |
| | — |
| | 232 |
| 60-89 days past due | | 127 |
| | 26 |
| | 19 |
| | — |
| | 172 |
| Total performing | | 13,074 |
| | 1,663 |
| | 518 |
| | 22 |
| | 15,277 |
| Nonperforming | | | | | | | | | | | 90-179 days past due | | 217 |
| | 39 |
| | 7 |
| | 1 |
| | 264 |
| 180 days or more past due | | 4 |
| | 1 |
| | 13 |
| | — |
| | 18 |
| Total nonperforming | | 221 |
| | 40 |
| | 20 |
| | 1 |
| | 282 |
| Total | | $ | 13,295 |
| | $ | 1,703 |
| | $ | 538 |
| | $ | 23 |
| | $ | 15,559 |
|
|
Schedule of information regarding purchased credit impaired finance receivables |
Information regarding our purchased credit impaired finance receivables held for investment and held for sale were as follows: | | | | | | | | | | | | | | | | | | (dollars in millions) | | OM Loans | | SCP Loans | | FA Loans (a) | | Total | | | | | | | | | | December 31, 2016 | | | | | | | | | Carrying amount, net of allowance | | $ | 324 |
| | $ | — |
| | $ | 70 |
| | $ | 394 |
| Outstanding balance (b) | | 444 |
| | — |
| | 107 |
| | 551 |
| Allowance for purchased credit impaired finance receivable losses | | 29 |
| | — |
| | 8 |
| | 37 |
| | | | | | | | | | December 31, 2015 | | | | | | | | | Carrying amount, net of allowance | | $ | 652 |
| | $ | 350 |
| | $ | 89 |
| | $ | 1,091 |
| Outstanding balance | | 911 |
| | 482 |
| | 136 |
| | 1,529 |
| Allowance for purchased credit impaired finance receivable losses | | — |
| | — |
| | 12 |
| | 12 |
|
| | (a) | Purchased credit impaired FA Loans held for sale included in the table above were as follows: |
| | | | | | | | | | (dollars in millions) | | | | | December 31, | | 2016 | | 2015 | | | | | | Carrying amount | | $ | 54 |
| | $ | 59 |
| Outstanding balance | | 83 |
| | 89 |
|
| | (b) | Outstanding balance is defined as UPB of the loans with a net carrying amount. |
|
Purchased credit impaired FA Loans held for sale |
Purchased credit impaired FA Loans held for sale included in the table above were as follows: | | | | | | | | | | (dollars in millions) | | | | | December 31, | | 2016 | | 2015 | | | | | | Carrying amount | | $ | 54 |
| | $ | 59 |
| Outstanding balance | | 83 |
| | 89 |
|
|
Schedule of changes in accretable yield for purchased credit impaired finance receivables |
Changes in accretable yield for purchased credit impaired finance receivables held for investment and held for sale were as follows: | | | | | | | | | | | | | | | | | | (dollars in millions) | | OM Loans | | SCP Loans | | FA Loans | | Total | | | | | | | | | | Year Ended December 31, 2016 | | | | | | | | | Balance at beginning of period | | $ | 151 |
| | $ | 375 |
| | $ | 66 |
| | $ | 592 |
| Accretion (a) | | (69 | ) | | (16 | ) | | (7 | ) | | (92 | ) | Other (b) | | (23 | ) | | — |
| | — |
| | (23 | ) | Reclassifications from nonaccretable difference (c) | | — |
| | — |
| | 12 |
| | 12 |
| Transfers due to finance receivables sold | | — |
| | (359 | ) | | (11 | ) | | (370 | ) | Balance at end of period | | $ | 59 |
| | $ | — |
| | $ | 60 |
| | $ | 119 |
| | | | | | | | | | Year Ended December 31, 2015 | | | | | | | | | Balance at beginning of period | | $ | — |
| | $ | 452 |
| | $ | 54 |
| | $ | 506 |
| Additions from OneMain Acquisition | | 166 |
| | — |
| | — |
| | 166 |
| Accretion (a) | | (15 | ) | | (77 | ) | | (8 | ) | | (100 | ) | Reclassifications from nonaccretable difference (c) | | — |
| | — |
| | 20 |
| | 20 |
| Balance at end of period | | $ | 151 |
| | $ | 375 |
| | $ | 66 |
| | $ | 592 |
| | | | | | | | | | Year Ended December 31, 2014 | | | | | | | | | Balance at beginning of period | | $ | — |
| | $ | 426 |
| | $ | 773 |
| | $ | 1,199 |
| Accretion (a) | | — |
| | (97 | ) | | (75 | ) | | (172 | ) | Reclassifications from nonaccretable difference (c) | | — |
| | 123 |
| | 19 |
| | 142 |
| Transfers due to finance receivables sold | | — |
| | — |
| | (663 | ) | | (663 | ) | Balance at end of period | | $ | — |
| | $ | 452 |
| | $ | 54 |
| | $ | 506 |
|
| | (a) | Accretion on our purchased credit impaired FA Loans held for sale included in the table above were as follows: |
| | | | | | | | | | | | | | (dollars in millions) | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | | | | | | | | Accretion | | $ | 5 |
| | $ | 6 |
| | $ | 13 |
|
| | (b) | Other reflects a measurement period adjustment in the first quarter of 2016 based on a change in the expected cash flows in the purchase credit impaired portfolio related to the OneMain Acquisition. The measurement period adjustment created a decrease of $23 million to the beginning balance of the OM Loans accretable yield. |
| | (c) | Reclassifications from nonaccretable difference represents the increases in accretable yield resulting from higher estimated undiscounted cash flows. |
|
Impaired Financing Receivables |
Accretion on our purchased credit impaired FA Loans held for sale included in the table above were as follows: | | | | | | | | | | | | | | (dollars in millions) | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | | | | | | | | Accretion | | $ | 5 |
| | $ | 6 |
| | $ | 13 |
|
|
Schedule of information regarding TDR finance receivables |
Information regarding TDR finance receivables held for investment and held for sale were as follows: | | | | | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans (a) | | SpringCastle Portfolio |
| Real Estate Loans (a) |
| Total | | | | | | | | | | December 31, 2016 | | | | | | | | | TDR gross finance receivables (b) | | $ | 151 |
| | $ | — |
| | $ | 133 |
| | $ | 284 |
| TDR net finance receivables | | 152 |
| | — |
| | 134 |
| | 286 |
| Allowance for TDR finance receivable losses | | 69 |
| | — |
| | 11 |
| | 80 |
| | | | | | | | | | December 31, 2015 | | | | | | | | | TDR gross finance receivables (b) | | $ | 46 |
| | $ | 14 |
| | $ | 200 |
| | $ | 260 |
| TDR net finance receivables | | 46 |
| | 13 |
| | 201 |
| | 260 |
| Allowance for TDR finance receivable losses | | 17 |
| | 4 |
| | 34 |
| | 55 |
|
| | (a) | TDR finance receivables held for sale included in the table above were as follows: |
| | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | Real Estate Loans | | Total | | | | | |
| | | December 31, 2016 | | | | |
| | | TDR gross finance receivables | | $ | — |
| | $ | 89 |
| | $ | 89 |
| TDR net finance receivables | | — |
| | 90 |
| | 90 |
| | | | | |
| | | December 31, 2015 | | | | |
| | | TDR gross finance receivables | | $ | 2 |
| | $ | 92 |
| | $ | 94 |
| TDR net finance receivables | | 2 |
| | 92 |
| | 94 |
|
| | (b) | As defined earlier in this Note. |
|
TDR finance receivables held for sale |
TDR finance receivables held for sale included in the table above were as follows: | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | Real Estate Loans | | Total | | | | | |
| | | December 31, 2016 | | | | |
| | | TDR gross finance receivables | | $ | — |
| | $ | 89 |
| | $ | 89 |
| TDR net finance receivables | | — |
| | 90 |
| | 90 |
| | | | | |
| | | December 31, 2015 | | | | |
| | | TDR gross finance receivables | | $ | 2 |
| | $ | 92 |
| | $ | 94 |
| TDR net finance receivables | | 2 |
| | 92 |
| | 94 |
|
|
Schedule of TDR average net receivables and finance charges recognized on TDR finance receivables |
TDR average net receivables held for investment and held for sale and finance charges recognized on TDR finance receivables held for investment and held for sale were as follows: | | | | | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans (a) | | SpringCastle Portfolio | | Real Estate Loans (a) | | Total | | | | | | | | | | Year Ended December 31, 2016 | | | | | | | | | TDR average net receivables | | $ | 95 |
| | $ | — |
| | $ | 175 |
| | $ | 270 |
| TDR finance charges recognized | | 12 |
| | — |
| | 11 |
| | 23 |
| | | | | | | | | | Year Ended December 31, 2015 | | | | | | | | | TDR average net receivables (b) | | $ | 35 |
| | $ | 12 |
| | $ | 198 |
| | $ | 245 |
| TDR finance charges recognized | | 3 |
| | 1 |
| | 11 |
| | 15 |
| | | | | | | | | | Year Ended December 31, 2014 | | | | | | | | | TDR average net receivables | | $ | 17 |
| | $ | 5 |
| | $ | 957 |
| | $ | 979 |
| TDR finance charges recognized | | 2 |
| | 1 |
| | 48 |
| | 51 |
|
| | (a) | TDR finance receivables held for sale included in the table above were as follows: |
| | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | Real Estate Loans | | Total | | | | | | | | Year Ended December 31, 2016 | | | | |
| | | TDR average net receivables | | $ | 1 |
| | $ | 102 |
| | $ | 103 |
| TDR finance charges recognized | | — |
| | 6 |
| | 6 |
| | | | | | | | Year Ended December 31, 2015 | | | | | | | TDR average net receivables (a) | | $ | 2 |
| | $ | 91 |
| | $ | 93 |
| TDR finance charges recognized | | — |
| | 5 |
| | 5 |
| | | | | | | | Year Ended December 31, 2014 | | | | | | | TDR average net receivables (b) | | $ | — |
| | $ | 250 |
| | $ | 250 |
| TDR finance charges recognized | | — |
| | 5 |
| | 5 |
|
| | (a) | TDR personal loan average net receivables held for sale for 2015 reflect a three-month average since the personal loans were transferred to finance receivables held for sale on September 30, 2015. |
| | (b) | TDR real estate loan average net receivables held for sale for 2014 reflect a five-month average since the real estate loans were transferred to finance receivables held for sale on August 1, 2014. |
| | (b) | TDR personal loan average net receivables for 2015 reflect a two-month average for OneMain’s TDR average net receivables. |
|
TDR average net receivables held for sale and finance charges recognized on TDR finance receivables held for sale |
TDR finance receivables held for sale included in the table above were as follows: | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | Real Estate Loans | | Total | | | | | | | | Year Ended December 31, 2016 | | | | |
| | | TDR average net receivables | | $ | 1 |
| | $ | 102 |
| | $ | 103 |
| TDR finance charges recognized | | — |
| | 6 |
| | 6 |
| | | | | | | | Year Ended December 31, 2015 | | | | | | | TDR average net receivables (a) | | $ | 2 |
| | $ | 91 |
| | $ | 93 |
| TDR finance charges recognized | | — |
| | 5 |
| | 5 |
| | | | | | | | Year Ended December 31, 2014 | | | | | | | TDR average net receivables (b) | | $ | — |
| | $ | 250 |
| | $ | 250 |
| TDR finance charges recognized | | — |
| | 5 |
| | 5 |
|
| | (a) | TDR personal loan average net receivables held for sale for 2015 reflect a three-month average since the personal loans were transferred to finance receivables held for sale on September 30, 2015. |
| | (b) | TDR real estate loan average net receivables held for sale for 2014 reflect a five-month average since the real estate loans were transferred to finance receivables held for sale on August 1, 2014. |
|
Schedule of information regarding new volume of the TDR finance receivables |
Information regarding the new volume of the TDR finance receivables held for investment and held for sale were as follows: | | | | | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans (a) | | SpringCastle Portfolio | | Real Estate Loans (a) | | Total | | | | | | | | | | Year Ended December 31, 2016 | | | | | | | | | Pre-modification TDR net finance receivables | | $ | 211 |
| | $ | 1 |
| | $ | 16 |
| | $ | 228 |
| Post-modification TDR net finance receivables: | | | | | | | |
|
| Rate reduction | | $ | 194 |
| | $ | 1 |
| | $ | 16 |
| | $ | 211 |
| Other (b) | | 12 |
| | — |
| | 1 |
| | 13 |
| Total post-modification TDR net finance receivables | | $ | 206 |
| | $ | 1 |
| | $ | 17 |
| | $ | 224 |
| Number of TDR accounts | | 29,435 |
| | 157 |
| | 364 |
| | 29,956 |
| | | | | | | | | | Year Ended December 31, 2015 | | | | | | | | | Pre-modification TDR net finance receivables | | $ | 48 |
| | $ | 7 |
| | $ | 21 |
| | $ | 76 |
| Post-modification TDR net finance receivables: | | | | | | | |
|
| Rate reduction | | $ | 31 |
| | $ | 6 |
| | $ | 17 |
| | $ | 54 |
| Other (b) | | 12 |
| | — |
| | 5 |
| | 17 |
| Total post-modification TDR net finance receivables | | $ | 43 |
| | $ | 6 |
| | $ | 22 |
| | $ | 71 |
| Number of TDR accounts | | 8,425 |
| | 721 |
| | 385 |
| | 9,531 |
| | | | | | | | | | Year Ended December 31, 2014 | | | | | | | | | Pre-modification TDR net finance receivables | | $ | 18 |
| | $ | 10 |
| | $ | 215 |
| | $ | 243 |
| Post-modification TDR net finance receivables: | | | | | | | |
|
| Rate reduction | | $ | 10 |
| | $ | 10 |
| | $ | 158 |
| | $ | 178 |
| Other (b) | | 6 |
| | — |
| | 46 |
| | 52 |
| Total post-modification TDR net finance receivables | | $ | 16 |
| | $ | 10 |
| | $ | 204 |
| | $ | 230 |
| Number of TDR accounts | | 4,213 |
| | 1,155 |
| | 2,385 |
| | 7,753 |
|
| | (a) | TDR finance receivables held for sale included in the table above were as follows: |
| | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | Real Estate Loans | | Total | | | | | | | | Year Ended December 31, 2016 | | |
| | |
| | |
| Pre-modification TDR net finance receivables | | $ | — |
| | $ | 5 |
| | $ | 5 |
| Post-modification TDR net finance receivables | | $ | — |
| | $ | 5 |
| | $ | 5 |
| Number of TDR accounts | | 174 |
| | 122 |
| | 296 |
| | | | | | | | Year Ended December 31, 2015 | | | | | | | Pre-modification TDR net finance receivables | | $ | 1 |
| | $ | 6 |
| | $ | 7 |
| Post-modification TDR net finance receivables | | $ | 1 |
| | $ | 7 |
| | $ | 8 |
| Number of TDR accounts | | 162 |
| | 113 |
| | 275 |
| | | | | | | | Year Ended December 31, 2014 | | | | | | | Pre-modification TDR net finance receivables | | $ | — |
| | $ | 6 |
| | $ | 6 |
| Post-modification TDR net finance receivables | | $ | — |
| | $ | 7 |
| | $ | 7 |
| Number of TDR accounts | | — |
| | 94 |
| | 94 |
|
| | (b) | “Other” modifications primarily include forgiveness of principal or interest. |
|
New volume of the TDR finance receivables held for sale |
TDR finance receivables held for sale included in the table above were as follows: | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | Real Estate Loans | | Total | | | | | | | | Year Ended December 31, 2016 | | |
| | |
| | |
| Pre-modification TDR net finance receivables | | $ | — |
| | $ | 5 |
| | $ | 5 |
| Post-modification TDR net finance receivables | | $ | — |
| | $ | 5 |
| | $ | 5 |
| Number of TDR accounts | | 174 |
| | 122 |
| | 296 |
| | | | | | | | Year Ended December 31, 2015 | | | | | | | Pre-modification TDR net finance receivables | | $ | 1 |
| | $ | 6 |
| | $ | 7 |
| Post-modification TDR net finance receivables | | $ | 1 |
| | $ | 7 |
| | $ | 8 |
| Number of TDR accounts | | 162 |
| | 113 |
| | 275 |
| | | | | | | | Year Ended December 31, 2014 | | | | | | | Pre-modification TDR net finance receivables | | $ | — |
| | $ | 6 |
| | $ | 6 |
| Post-modification TDR net finance receivables | | $ | — |
| | $ | 7 |
| | $ | 7 |
| Number of TDR accounts | | — |
| | 94 |
| | 94 |
|
|
Schedule of Troubled Debt Restructurings, Subsequently Defaulted |
Net finance receivables held for investment and held for sale that were modified as TDR finance receivables within the previous 12 months and for which there was a default during the period to cause the TDR finance receivables to be considered nonperforming (90 days or more past due) were as follows: | | | | | | | | | | | | | | | | | | (dollars in millions) | | Personal Loans | | SpringCastle Portfolio | | Real Estate Loans (a) | | Total | | | | | | | | | | Year Ended December 31, 2016 | | | | | | | | | TDR net finance receivables (b) (c) | | $ | 24 |
| | $ | — |
| | $ | 3 |
| | $ | 27 |
| Number of TDR accounts | | 3,693 |
| | 19 |
| | 61 |
| | 3,773 |
| | | | | | | | | | Year Ended December 31, 2015 | | | | | | | | | TDR net finance receivables (b) | | $ | 8 |
| | $ | 2 |
| | $ | 3 |
| | $ | 13 |
| Number of TDR accounts | | 1,655 |
| | 147 |
| | 46 |
| | 1,848 |
| | | | | | | | | | Year Ended December 31, 2014 | | | | | | | | | TDR net finance receivables (b) | | $ | 1 |
| | $ | 1 |
| | $ | 33 |
| | $ | 35 |
| Number of TDR accounts | | 141 |
| | 53 |
| | 524 |
| | 718 |
|
| | (a) | TDR finance receivables held for sale included in the table above were as follows: |
| | | | | | (dollars in millions) | | Real Estate Loans | | | | Year Ended December 31, 2016 | | | TDR net finance receivables | | $ | 2 |
| Number of TDR accounts | | 30 |
| | | | Year Ended December 31, 2015 | | | TDR net finance receivables | | $ | 1 |
| Number of TDR accounts | | 17 |
| | | | Year Ended December 31, 2014 | | | TDR net finance receivables | | $ | 3 |
| Number of TDR accounts | | 49 |
|
| | (b) | Represents the corresponding balance of TDR net finance receivables at the end of the month in which they defaulted. |
| | (c) | TDR SpringCastle Portfolio loans for the year ended December 31, 2016 that defaulted during the previous 12-month period were less than $1 million and, therefore, are not quantified in the combined table above. |
|
Schedule of Trouble Debt Restructurings, Subsequently Defaulted, Held for Sale |
TDR finance receivables held for sale included in the table above were as follows: | | | | | | (dollars in millions) | | Real Estate Loans | | | | Year Ended December 31, 2016 | | | TDR net finance receivables | | $ | 2 |
| Number of TDR accounts | | 30 |
| | | | Year Ended December 31, 2015 | | | TDR net finance receivables | | $ | 1 |
| Number of TDR accounts | | 17 |
| | | | Year Ended December 31, 2014 | | | TDR net finance receivables | | $ | 3 |
| Number of TDR accounts | | 49 |
|
|