Quarterly report pursuant to Section 13 or 15(d)

Consumer Receivables (Tables)

v3.22.1
Consumer Receivables (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of consumer receivables
    March 31,     December 31,  
    2022     2021  
Unsecured personal loan receivables   $
-
     $ 1  
Secured personal loan receivables     71,610       77,491  
Loan receivables     71,610       77,492  
Instacash receivables     66,951       62,783  
Finance receivables     138,561       140,275  
Fees receivable     9,567       8,366  
Membership receivables     3,408       3,099  
Deferred loan origination costs     992       929  
Accrued interest receivable     1,106       1,072  
Receivables, before allowance for credit losses   $ 153,634     $ 153,741  

Schedule of changes in the allowance for losses on consumer receivables
    Three Months Ended March 31,  
    2022     2021  
Beginning balance   $ 22,323     $ 9,127  
Provision for credit losses on receivables     23,044       5,708  
Receivables charged off     (37,284 )     (14,436 )
Recoveries     14,208       9,828  
Ending balance   $ 22,291     $ 10,227  

    Three Months Ended March 31,  
    2022     2021  
Beginning balance   $ 21,625     $ 9,127  
Provision for credit losses on receivables     19,502       4,859  
Finance receivables charged off     (32,958 )     (12,962 )
Recoveries     13,269       9,203  
Ending balance   $ 21,438     $ 10,227  

  

    Three Months Ended March 31,  
    2022     2021  
Beginning balance   $ 420     $
-
  
Provision for credit losses on receivables     2,001       615  
Fees receivable charged off     (2,708 )     (948 )
Recoveries     779       333  
Ending balance   $ 492     $
-
  

 

    Three Months Ended March 31,  
    2022     2021  
Beginning balance   $ 278     $
-
  
Provision for credit losses on receivables     1,541       234  
Membership receivables charged off     (1,618 )     (526 )
Recoveries     160       292  
Ending balance   $ 361     $
-
  

Schedule of assessment of the repayment performance of loans
    March 31, 2022     December 31, 2021  
    Amount     Percent     Amount     Percent  
Current   $ 60,642       84.7 %   $ 66,514       85.8 %
                                 
Delinquency:                                
31 to 60 days     5,887       8.2 %     6,577       8.5 %
61 to 90 days     5,081       7.1 %     4,401       5.7 %
Total delinquency     10,968       15.3 %     10,978       14.2 %
Loan receivables before allowance for loan losses   $ 71,610       100.0 %   $ 77,492       100.0 %

    March 31, 2022     December 31, 2021  
    Amount     Percent     Amount     Percent  
Current   $ 60,364       90.2 %   $ 55,963       89.1 %
                                 
Delinquency:                                
31 to 60 days     6,587       9.8 %     6,820       10.9 %
61 to 90 days    
-
       0.0 %    
-
       0.0 %
Total delinquency     6,587       9.8 %     6,820       10.9 %
Instacash receivables before allowance for loan losses   $ 66,951       100.0 %   $ 62,783       100.0 %

 

    March 31, 2022     December 31, 2021  
    Amount     Percent     Amount     Percent  
Current   $ 7,725       80.7 %   $ 6,682       79.9 %
                                 
Delinquency:                                
31 to 60 days     1,842       19.3 %     1,684       20.1 %
61 to 90 days    
-
       0.0 %    
-
       0.0 %
Total delinquency     1,842       19.3 %     1,684       20.1 %
Fees receivable before allowance for loan losses   $ 9,567       100.0 %   $ 8,366       100.0 %

    March 31, 2022     December 31, 2021  
    Amount     Percent     Amount     Percent  
Current   $ 2,486       72.9 %   $ 2,227       71.8 %
                                 
Delinquency:                                
31 to 60 days     466       13.7 %     514       16.6 %
61 to 90 days     456       13.4 %     358       11.6 %
Total delinquency     922       27.1 %     872       28.2 %
Membership receivables before allowance for loan losses   $ 3,408       100.0 %   $ 3,099       100.0 %