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v3.23.1

Debt - Schedule of Debt (Details) - USD ($) | 3 Months Ended |
--- | --- | ---
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022
Debt Instrument [Line Items] |  |  |
Total Outstanding | $ 6,159,595,000 |  | $ 5,520,963,000
Less: unamortized debt issuance costs, premiums and discounts | (34,094,000) |  | (35,081,000)
Total debt | 6,125,501,000 |  | 5,485,882,000
Debt discounts issued | 0 |  |
Debt premium | 0 |  |
Amount not available for general borrowing purposes to secure letter of credit | 8,600,000 |  | 9,100,000
Asset Pledged as Collateral |  |  |
Debt Instrument [Line Items] |  |  |
Amount not available for general borrowing purposes to secure letter of credit | 13,700,000 |  | 11,700,000
Personal Loan Securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 955,674,000 |  |
Total Outstanding | 738,588,000 |  | 529,132,000
Student loan securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 210,040,000 |  |
Total Outstanding | 231,927,000 |  | 246,856,000
Secured Debt | Asset Pledged as Collateral |  |  |
Debt Instrument [Line Items] |  |  |
Total Capacity | 19,000,000 |  |
Unsecured Debt |  |  |
Debt Instrument [Line Items] |  |  |
Total Capacity | $ 5,000,000 |  |
Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Unused commitment fee percentage | 0.00% |  |
Minimum | Personal Loan Securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 0.49% |  |
Minimum | Student loan securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 1.83% |  |
Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Unused commitment fee percentage | 0.65% |  |
Maximum | Personal Loan Securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.21% |  |
Maximum | Student loan securitizations |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 9.29% |  |
Personal loan warehouse facilities | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | $ 1,845,226,000 |  |
Total Capacity | 4,100,000,000 |  |
Total Outstanding | $ 1,539,865,000 |  | 1,452,085,000
Personal loan warehouse facilities | Minimum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 5.00% |  |
Personal loan warehouse facilities | Maximum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.71% |  |
Student loan warehouse facilities | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | $ 2,737,906,000 |  |
Total Capacity | 4,180,000,000 |  |
Total Outstanding | $ 1,868,019,000 |  | 1,504,926,000
Student loan warehouse facilities | Minimum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 5.42% |  |
Student loan warehouse facilities | Maximum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.66% |  |
Credit card warehouse facility | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | $ 0 |  |
Stated Interest Rate | 6.26% |  |
Total Capacity | $ 100,000,000 |  |
Total Outstanding | 0 |  | 0
Risk retention warehouse facilities | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 117,157,000 |  |
Total Capacity | 200,000,000 |  |
Total Outstanding | $ 95,196,000 |  | 101,964,000
Risk retention warehouse facilities | Minimum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 6.37% |  |
Risk retention warehouse facilities | Maximum | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 7.19% |  |
Revolving credit facility | Line of Credit |  |  |
Debt Instrument [Line Items] |  |  |
Amount not available for general borrowing purposes to secure letter of credit | $ 6,000,000 |  |
Revolving credit facility | Revolving credit facility |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 5.86% |  |
Total Capacity | $ 560,000,000 |  |
Total Outstanding | $ 486,000,000 |  | 486,000,000
Convertible senior notes | Convertible Debt |  |  |
Debt Instrument [Line Items] |  |  |
Stated Interest Rate | 0.00% |  |
Total Outstanding | $ 1,200,000,000 |  | 1,200,000,000
Less: unamortized debt issuance costs, premiums and discounts | (18,100,000) |  | (19,400,000)
Interest expense | $ 1,272,000 | $ 1,267,000 |
Effective interest rate | 0.11% | 0.11% |
Net carrying amount | $ 1,180,000,000 |  | 1,180,000,000
Other financing | Other Financings |  |  |
Debt Instrument [Line Items] |  |  |
Total Collateral | 28,735,000 |  |
Total Capacity | 23,955,000 |  |
Total Outstanding | $ 0 |  | $ 0

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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
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