Concentration of Credit Risk

12 Months Ended

Dec. 31, 2012

Concentration of Credit Risk [Abstract]

Concentration of Credit Risk

O. Concentration of Credit Risk

During the year ended December 31, 2012, 2011 and 2010 our top dealer accounted for 4.4%, 3.3% and 3.2%, respectively, of all leases originated.

TimePayment finances a wide variety of products, with water filtration systems representing approximately 25% of the amount financed in its portfolio as of December 31, 2012. No other single product represents more than 20% of the amount financed in its portfolio as of December 31, 2012.

We service leases and rental contracts in all 50 states of the United States and its territories. As of December 31, 2012, leases in California, Florida, Texas and New York accounted for approximately 12%, 13%, 8%, and 8%, respectively, of the total portfolio. As of December 31, 2011, leases in California, Florida, Texas and New York accounted for approximately 11%, 13%, 8%, and 9%, respectively, of the total portfolio. No other states accounted for more than 5% of the total portfolio as of the end of any of the years 2012 or 2011.