Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS IN CONSUMER LOANS - Carrying Value of Performing Loans (Details)

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INVESTMENTS IN CONSUMER LOANS - Carrying Value of Performing Loans (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended
Aug. 31, 2016
Sep. 30, 2016
Sep. 30, 2016
Sep. 30, 2016
Sep. 30, 2015
Loans Receivable [Roll Forward]          
Purchases       $ 319 $ 664
Proceeds from repayments       (31,092) (15,944)
Accretion of loan discount and premium amortization, net       514,522 $ 360,467
Performing Loans [Member]          
Loans Receivable [Roll Forward]          
Purchases $ 140,000     92,100  
Consumer Portfolio Segment [Member] | Performing Loans [Member]          
Loans Receivable [Roll Forward]          
Beginning balance       0  
SpringCastle Transaction       1,539,569  
Purchases       92,069  
Additional fundings [1]       33,137  
Proceeds from repayments       (155,388)  
Accretion of loan discount and premium amortization, net       5,097  
Net charge-offs     $ (30,535) [2] (30,535)  
Provision for loan losses   $ (900) [3] (32,421) (1,886)  
Ending balance   $ 1,482,063 $ 1,482,063 $ 1,482,063  
[1] Represents draws on consumer loans with revolving privileges.
[2] Consumer loans, other than PCD loans, are charged off when available information confirms that loans are uncollectible, which is generally when they become 180 days past due. Charge-offs are presented net of $5.6 million in recoveries of previously charged-off UPB.
[3] Represents smaller-balance homogeneous loans that are not individually considered impaired and are evaluated based on an analysis of collective borrower performance, key terms of the loans and historical and anticipated trends in defaults and loss severities, and consideration of the unamortized acquisition discount. Includes a provision for loan losses of $0.9 million for newly originated loans acquired during the three months ended September 30, 2016.