Finance Receivables Finance Receivables (Tables)

6 Months Ended

Jun. 30, 2012

Finance receivables, net [Table Text Block]

Finance receivables consist of the following (in thousands):



Consumer	June 30, 2012			December 31, 2011
Pre-acquisition consumer finance receivables - outstanding balance	$	3,100,850		$	4,366,075
Pre-acquisition consumer finance receivables - carrying value	$	2,812,205		$	4,027,361
Post-acquisition consumer finance receivables, net of fees	7,340,242			5,313,899
	10,152,447			9,341,260
Less: allowance for loan losses on post-acquisition consumer finance receivables	(249,350		)	(178,768		)
Total consumer finance receivables, net	9,903,097			9,162,492
Commercial
Commercial finance receivables, net of fees	127,560
Less: allowance for loan losses
Total commercial finance receivables, net	127,560
Total finance receivables, net	$	10,030,657		$	9,162,492

Finance Receivables Summary [Table Text Block]

Consumer Finance Receivables

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



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Pre-acquisition consumer finance receivables - carrying value, beginning of period	$	3,357,341		$	6,337,075		$	4,027,361		$	7,299,963
Post-acquisition consumer finance receivables, beginning of period	6,326,427			2,004,813			5,313,899			923,713
	9,683,768			8,341,888			9,341,260			8,223,676
Loans purchased	1,489,402			1,349,222			2,885,159			2,487,143
Charge-offs	(52,741		)	(6,738		)	(103,799		)	(8,547		)
Principal collections and other	(931,614		)	(859,565		)	(1,851,479		)	(1,712,185		)
Change in carrying value adjustment on the pre-acquisition finance receivables	(36,368		)	(130,266		)	(118,694		)	(295,546		)
Balance at end of period	$	10,152,447		$	8,694,541		$	10,152,447		$	8,694,541

Accretable Yield [Table Text Block]

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



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Balance at beginning of period	$	768,260		$	999,368		$	737,464		$	1,201,178
Accretion of accretable yield	(143,584		)	(180,618		)	(279,409		)	(382,428		)
Transfer from non-accretable discount	3,013			253,666			169,634			253,666
Balance at end of period	$	627,689		$	1,072,416		$	627,689		$	1,072,416

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

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



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Balance at beginning of period	$	208,092		$	65,415		$	178,768		$	26,352
Provision for loan losses	61,876			44,570			110,430			83,994
Charge-offs	(52,741		)	(6,738		)	(103,799		)	(8,547		)
Recoveries	32,123			4,279			63,951			5,727
Balance at end of period	$	249,350		$	107,526		$	249,350		$	107,526

Financing Receivable Credit Quality Indicators [Table Text Block]

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



	June 30, 2012		December 31, 2011
FICO Score less than 540	$	2,630,877	$	2,133,361
FICO Score 540 to 599	4,632,294		4,166,988
FICO Score 600 to 659	2,582,625		2,623,882
FICO Score greater than 660	595,296		755,743
Balance at end of period^(a)	$	10,441,092	$	9,679,974

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

Past Due Financing Receivables [Table Text Block]

Delinquency

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



	June 30, 2012				June 30, 2011
	Amount		Percent of Contractual Amount Due		Amount		Percent of Contractual Amount Due
Delinquent contracts:
31 to 60 days	$	427,672	4.1	%	$	397,792	4.4	%
Greater than 60 days	158,065		1.5		157,845		1.7
	585,737		5.6		555,637		6.1
In repossession	25,726		0.3		23,387		0.3
	$	611,463	5.9	%	$	579,024	6.4	%