Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2013


(In millions)	As of December 31, 2013
	Dealer Loans			Purchased Loans			Total
Loans receivable	$	2,155.5		$	252.7		$	2,408.2
Allowance for credit losses		(185.7	)		(9.7	)		(195.4	)
Loans receivable, net	$	1,969.8		$	243.0		$	2,212.8

(In millions)	As of December 31, 2012
	Dealer Loans			Purchased Loans			Total
Loans receivable	$	1,869.4		$	240.5		$	2,109.9
Allowance for credit losses		(167.4	)		(9.0	)		(176.4	)
Loans receivable, net	$	1,702.0		$	231.5		$	1,933.5

Summary Of Changes In Loans Receivable


(In millions)	For the Year Ended December 31, 2013
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	1,869.4		$	240.5		$	2,109.9
New Consumer Loan assignments (1)		1,356.6			124.0			1,480.6
Principal collected on Loans receivable		(1,204.6	)		(129.8	)		(1,334.4		)
Accelerated Dealer Holdback payments		40.4			-			40.4
Dealer Holdback payments		114.2			-			114.2
Transfers (2)		(17.9	)		17.9			-
Write-offs		(5.2	)		(0.1	)		(5.3		)
Recoveries (3)		2.2			0.2			2.4
Net change in other loans		0.4			-			0.4
Balance, end of period	$	2,155.5		$	252.7		$	2,408.2

(In millions)	For the Year Ended December 31, 2012
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	1,506.5		$	246.4		$	1,752.9
New Consumer Loan assignments (1)		1,253.6			108.8			1,362.4
Principal collected on Loans receivable		(1,024.8	)		(138.0	)		(1,162.8	)
Accelerated Dealer Holdback payments		43.7			-			43.7
Dealer Holdback payments		115.7			-			115.7
Transfers (2)		(23.8	)		23.8			-
Write-offs		(3.6	)		(0.6	)		(4.2	)
Recoveries (3)		2.2			0.1			2.3
Net change in other loans		(0.1	)		-			(0.1	)
Balance, end of period	$	1,869.4		$	240.5		$	2,109.9

(In millions)	For the Year Ended December 31, 2011
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	1,082.0		$	262.9		$	1,344.9
New Consumer Loan assignments (1)		1,152.5			122.2			1,274.7
Principal collected on Loans receivable		(843.1	)		(153.8	)		(996.9	)
Accelerated Dealer Holdback payments		47.4			-			47.4
Dealer Holdback payments		85.2			-			85.2
Transfers (2)		(15.5	)		15.5			-
Write-offs		(3.0	)		(0.5	)		(3.5	)
Recoveries (3)		1.8			0.1			1.9
Net change in other loans		(0.8	)		-			(0.8	)
Balance, end of period	$	1,506.5		$	246.4		$	1,752.9

(1)

The Dealer Loans amount represents advances paid to Dealers on Consumer Loans assigned under our Portfolio Program. The Purchased Loans amount represents one-time payments made to Dealers to purchase Consumer Loans assigned under our Purchase Program.

(2)

Under our Portfolio Program, certain events may result in Dealers forfeiting their rights to Dealer Holdback. We transfer the Dealer’s outstanding Dealer Loan balance to Purchased Loans in the period this forfeiture occurs.

(3)

Represents collections received on previously written off Loans.

Summary Of Changes In Accretable Yield


(In millions)	For the Year Ended December 31, 2013
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	602.9		$	115.2		$	718.1
New Consumer Loan assignments (1)		564.9			50.3			615.2
Finance charge income		(517.7	)		(72.7	)		(590.4	)
Forecast changes		24.9			7.6			32.5
Transfers (2)		(7.5	)		12.4			4.9
Balance, end of period	$	667.5		$	112.8		$	780.3

(In millions)	For the Year Ended December 31, 2012
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	508.0		$	120.1		$	628.1
New Consumer Loan assignments (1)		538.7			47.8			586.5
Finance charge income		(458.7	)		(79.5	)		(538.2	)
Forecast changes		25.6			10.0			35.6
Transfers (2)		(10.7	)		16.8			6.1
Balance, end of period	$	602.9		$	115.2		$	718.1

(In millions)	For the Year Ended December 31, 2011
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	351.6		$	124.5		$	476.1
New Consumer Loan assignments (1)		508.9			59.5			568.4
Finance charge income		(374.9	)		(85.7	)		(460.6	)
Forecast changes		30.0			9.6			39.6
Transfers (2)		(7.6	)		12.2			4.6
Balance, end of period	$	508.0		$	120.1		$	628.1

(1)

The Dealer Loans amount represents the net cash flows expected at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related advances paid to Dealers. The Purchased Loans amount represents the net cash flows expected at the time of assignment on Consumer Loans assigned under our Purchase Program, less the related one-time payments made to Dealers.

(2)

Under our Portfolio Program, certain events may result in Dealers forfeiting their rights to Dealer Holdback. We transfer the Dealer’s outstanding Dealer Loan balance and related expected future net cash flows to Purchased Loans in the period this forfeiture occurs.

Summary Of Information Related To New Consumer Loan Assignments


(In millions)	For the Year Ended December 31, 2013
	Dealer Loans		Purchased Loans		Total
Contractual net cash flows at the time of assignment (1)	$	2,079.8	$	241.6	$	2,321.4
Expected net cash flows at the time of assignment (2)		1,921.5		174.3		2,095.8
Fair value at the time of assignment (3)		1,356.6		124.0		1,480.6

(In millions)	For the Year Ended December 31, 2012
	Dealer Loans		Purchased Loans		Total
Contractual net cash flows at the time of assignment (1)	$	1,935.1	$	217.6	$	2,152.7
Expected net cash flows at the time of assignment (2)		1,792.3		156.5		1,948.8
Fair value at the time of assignment (3)		1,253.6		108.8		1,362.4

(In millions)	For the Year Ended December 31, 2011
	Dealer Loans		Purchased Loans		Total
Contractual net cash flows at the time of assignment (1)	$	1,786.5	$	248.0	$	2,034.5
Expected net cash flows at the time of assignment (2)		1,661.4		181.7		1,843.1
Fair value at the time of assignment (3)		1,152.5		122.2		1,274.7

(1)

The Dealer Loans amount represents the repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we would be required to make if we collected all of the contractual repayments. The Purchased Loans amount represents the repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Purchase Program.

(2)

The Dealer Loans amount represents the repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we expected to make. The Purchased Loans amount represents the repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Purchase Program.

Schedule Of Consumer Loans Forecasted Collection Percentage


	Forecasted Collection Percentage as of (1)												Variance in Forecasted Collection Percentage from
Consumer Loan Assignment Year	December 31, 2013			December 31, 2012			December 31, 2011			Initial Forecast			December 31, 2012			December 31, 2011			Initial Forecast
2004		73.0	%		73.0	%		73.0	%		73.0	%		0.0	%		0.0	%		0.0	%
2005		73.7	%		73.6	%		73.6	%		74.0	%		0.1	%		0.1	%		-0.3	%
2006		70.0	%		69.9	%		70.0	%		71.4	%		0.1	%		0.0	%		-1.4	%
2007		67.9	%		68.0	%		68.1	%		70.7	%		-0.1	%		-0.2	%		-2.8	%
2008		70.1	%		70.3	%		70.0	%		69.7	%		-0.2	%		0.1	%		0.4	%
2009		79.2	%		79.5	%		79.4	%		71.9	%		-0.3	%		-0.2	%		7.3	%
2010		77.0	%		77.3	%		76.8	%		73.6	%		-0.3	%		0.2	%		3.4	%
2011		74.1	%		74.1	%		73.2	%		72.5	%		0.0	%		0.9	%		1.6	%
2012		73.5	%		72.2	%		-			71.4	%		1.3	%		-			2.1	%
2013		73.3	%		-			-			72.0	%		-			-			1.3	%

(1)

Represents the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment. Contractual repayments include both principal and interest.

Schedule Of Consumer Loans Performance


(In millions)	As of December 31, 2013
	Loan Pool Performance Meets or Exceeds Initial Estimates						Loan Pool Performance Less than Initial Estimates
	Dealer Loans		Purchased Loans		Total		Dealer Loans			Purchased Loans			Total
Loans receivable	$	681.4	$	227.3	$	908.7	$	1,474.1		$	25.4		$	1,499.5
Allowance for credit losses		-		-		-		(185.7	)		(9.7	)		(195.4	)
Loans receivable, net	$	681.4	$	227.3	$	908.7	$	1,288.4		$	15.7		$	1,304.1

(In millions)	As of December 31, 2012
	Loan Pool Performance Meets or Exceeds Initial Estimates						Loan Pool Performance Less than Initial Estimates
	Dealer Loans		Purchased Loans		Total		Dealer Loans			Purchased Loans			Total
Loans receivable	$	564.1	$	205.8	$	769.9	$	1,305.3		$	34.7		$	1,340.0
Allowance for credit losses		-		-		-		(167.4	)		(9.0	)		(176.4	)
Loans receivable, net	$	564.1	$	205.8	$	769.9	$	1,137.9		$	25.7		$	1,163.6

Summary Of Changes In Allowance For Credit Losses


(In millions)	For the Year Ended December 31, 2013
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	167.4		$	9.0		$	176.4
Provision for credit losses		21.3			0.6			21.9
Write-offs		(5.2	)		(0.1	)		(5.3	)
Recoveries (1)		2.2			0.2			2.4
Balance, end of period	$	185.7		$	9.7		$	195.4

(In millions)	For the Year Ended December 31, 2012
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	141.7		$	12.6		$	154.3
Provision for credit losses		27.1			(3.1	)		24.0
Write-offs		(3.6	)		(0.6	)		(4.2	)
Recoveries (1)		2.2			0.1			2.3
Balance, end of period	$	167.4		$	9.0		$	176.4

(In millions)	For the Year Ended December 31, 2011
	Dealer Loans			Purchased Loans			Total
Balance, beginning of period	$	113.2		$	13.7		$	126.9
Provision for credit losses		29.7			(0.7	)		29.0
Write-offs		(3.0	)		(0.5	)		(3.5	)
Recoveries (1)		1.8			0.1			1.9
Balance, end of period	$	141.7		$	12.6		$	154.3

(1)

Represents collections received on previously written off Loans.