Member Cash Advances, Net

3 Months Ended

Mar. 31, 2022

Note 5 Member Cash Advances, Net

Below is a detail of Member cash advances, net as of March 31, 2022 (in thousands):


Days From Origination	Gross Member Advances		Allowance for Unrecoverable Advances			Member Advances, Net
1-10	$	48,659	$	(1,658	)	$	47,001
11-30		14,400		(3,812	)		10,588
31-60		5,715		(3,554	)		2,161
61-90		5,438		(4,086	)		1,352
91-120		3,941		(3,230	)		711

Total	$	78,153	$	(16,340	)	$	61,813

Below is a detail of Member cash advances, net as of December 31, 2021 (in thousands):


Days From Origination	Gross Member Advances		Allowance for Unrecoverable Advances			Member Advances, Net
1-10	$	39,910	$	(1,313	)	$	38,597
11-30		8,111		(2,084	)		6,027
31-60		4,781		(2,652	)		2,129
61-90		3,986		(2,735	)		1,251
91-120		4,220		(3,211	)		1,009

Total	$	61,008	$	(11,995	)	$	49,013

Member advances, net, represent outstanding advances, tips, and processing fees, net of direct origination costs, less an allowance for unrecoverable advances.

The roll-forward of the allowance for unrecoverable advances is as follows (dollars in thousands):


Opening allowance balance at January 1, 2022	$	11,995
Plus: provision for unrecoverable advances		13,785
Less: amounts written-off		(9,440	)

Ending allowance balance at March 31, 2022	$	16,340


Opening allowance balance at January 1. 2021	$	12,580
Plus: provision for unrecoverable advances		3,538
Less: amounts written-off		(7,675	)

Ending allowance balance at March 31, 2021	$	8,443