-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GU+b8g/G+c5CXDFSVOu1JJeppmkUUlKUEK/p2xzDq8Pv29A+9RTOfKFLKJZZb6YY Hi6Lp4xQa/ZKQs4qbKav7g== 0000950123-10-013045.txt : 20100216 0000950123-10-013045.hdr.sgml : 20100215 20100216135414 ACCESSION NUMBER: 0000950123-10-013045 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100125 FILED AS OF DATE: 20100216 DATE AS OF CHANGE: 20100216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP II CENTRAL INDEX KEY: 0000949349 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133854638 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 000-21424-04 FILM NUMBER: 10606032 BUSINESS ADDRESS: STREET 1: WORLD FINANCIAL CENTER STREET 2: AMERICAN EXPRESS TOWER 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 BUSINESS PHONE: 2126402000 MAIL ADDRESS: STREET 1: WORLD FINANCIAL CENTER STREET 2: AMERICAN EXPRESS TOWER 200 VESEY ST CITY: NEW YORK STATE: NY ZIP: 10285 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST CENTRAL INDEX KEY: 0001003509 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 000-20787-07 FILM NUMBER: 10606029 BUSINESS ADDRESS: STREET 1: 6985 UNION PARK CENTER CITY: MIDVALE STATE: UT ZIP: 84047 BUSINESS PHONE: 8015655000 MAIL ADDRESS: STREET 1: 4315 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP III LLC CENTRAL INDEX KEY: 0001283434 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-113579-02 FILM NUMBER: 10606031 BUSINESS ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 BUSINESS PHONE: 8015655023 MAIL ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN EXPRESS RECEIVABLES FINANCING CORP IV LLC CENTRAL INDEX KEY: 0001283435 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-113579-01 FILM NUMBER: 10606030 BUSINESS ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 BUSINESS PHONE: 8015655023 MAIL ADDRESS: STREET 1: 4135 SOUTH 2700 WEST CITY: SALT LAKE CITY STATE: UT ZIP: 84184 10-D 1 y82066e10vd.htm FORM 10-D e10vd
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from December 25, 2009 to January 25, 2010
Commission File Number of issuing entity:
000-20787-07, 333-130508-01
AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST
(Exact name of issuing entity as specified in its charter)
         
Commission File Number
of Depositor: 		  Commission File Number
of Depositor: 		  Commission File Number
of Depositor:
         
000-21424-04, 333-130508-03   333-113579-02, 333-130508   333-113579-01, 333-130508-02
         
American Express
Receivables Financing
Corporation II 		  American Express
Receivables Financing
Corporation III LLC 		  American Express
Receivables Financing
Corporation IV LLC
         
(Exact name of depositor
as specified in its charter) 		  (Exact name of depositor
as specified in its charter) 		  (Exact name of depositor
as specified in its charter)
         
13-3854638   20-0942395   20-0942445
         
(I.R.S. Employer
Identification Number
of depositor) 		  (I.R.S. Employer
Identification Number
of depositor) 		  (I.R.S. Employer
Identification Number
of depositor)
     
American Express
Centurion Bank 		  American Express
Bank, FSB
     
(Exact name of sponsor as
specified in its charter) 		  (Exact name of sponsor as
specified in its charter)
     
Delaware   Not Applicable
     
State or other jurisdiction of
incorporation or organization of
the issuing entity 		  (I.R.S. Employer
Identification Number of
the issuing entity
     
     
c/o The Bank of New York
101 Barclay Street, New York 		  10286
     
(Address of the principal executive
offices of the issuing entity) 		  (Zip Code)
     
     
(Telephone number, including area code)    
     
Not Applicable    
     
(Former name, former address, if changed since last report)    
Each class of Series A and Series B Asset Backed Certificates to which this report on Form 10-D relates is subject to the reporting requirements of Section 15(d) of the Securities Exchange Act of 1934.
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o
 
 

 

 

PART I — DISTRIUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
     The information required by Item 1121 of Regulation AB is contained in the distribution report attached hereto as Exhibit 99.
PART II — OTHER INFORMATION
Item 9. Exhibits.
         
 
        
Exhibit No.
 
     Description
   
 
    
99
 
     Monthly Servicer's Certificate for the Monthly Period ending January 25,2010 and the related payment dates.
 
        

 

 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: February 16, 2010
         
  American Express Receivables Financing Corporation II,
Depositor
 		  
  By:   /s/ Anderson Y. Lee    
    Name:   Anderson Y. Lee   
    Title:   President   
 
  American Express Receivables Financing Corporation III LLC,
Depositor
 		  
  By:   /s/ Scott C. Godderidge    
    Name:   Scott C. Godderidge   
    Title:   President   
 
  American Express Receivables Financing Corporation IV LLC,
Depositor
 		  
  By:   /s/ Denise D. Roberts    
    Name:   Denise D. Roberts   
    Title:   President   
 

 

EX-99 2 y82066exv99.htm EX-99 exv99
Exhibit 99
MONTHLY SERVICER’S CERTIFICATE
AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST
The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc., as Servicer (“TRS”), pursuant to the Pooling and Servicing Agreement, dated as of May 16, 1996, as amended and restated as of January 1, 2006 (as amended and restated and as otherwise amended and supplemented, the “Agreement”), as supplemented by the Series Supplements (as amended and supplemented, the “Series Supplements”), among TRS, as Servicer, American Express Receivables Financing Corporation II, American Express Receivables Financing Corporation III LLC and American Express Receivables Financing Corporation IV LLC, as Transferors, and The Bank of New York, as Trustee, does hereby certify as follows:
1.   Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or the Series Supplements, as applicable.
 
2.   TRS is, as of the date hereof, the Servicer under the Agreement.
 
3.   The undersigned is a Servicing Officer.
 
4.   This Certificate relates to the Distribution Date occurring on February 16, 2010 and covers activity from December 25, 2009 through January 25, 2010.
 
5.   As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all its obligations under the Agreement through the Monthly Period preceding such Distribution Date.
 
6.   As of the date hereof, to the best knowledge of the undersigned, no Pay Out Event occurred on or prior to such Distribution Date.
 
    IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this 9th day of February.
         
  AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC., as Servicer
 		  
  By:   /s/ Stephen J. Bakonyi    
    Name:   Stephen J. Bakonyi   
    Title:   Vice President
ABS Operations 		  

 

 

         
         
A. Trust Activity   Trust Totals  
Record Date
   January 31, 2010
Number of days in Monthly Period
     32  
Beginning Number of Accounts
     27,973,843  
Beginning Principal Receivable Balance, including any
        
Additions, Removals, or Adjustments of Principal
        
Receivables during the Monthly Period
     35,452,269,012.51  
a. Addition of Principal Receivables
     0.00  
b. Removal of Principal Receivables
     0.00  
c. Adjustments to Principal Balance
     0.00  
Special Funding Account Balance
     0.00  
Beginning Total Principal Balance
     35,452,269,012.51  
Finance Charge Collections (excluding Recoveries)
     587,362,912.88  
Collections of Discount Option Receivables
     194,826,694.08  
Recoveries
     24,160,600.80  
Total Collections of Finance Charge Receivables
     806,350,207.76  
Total Collections of Principal Receivables
     9,750,501,303.11  
Monthly Payment Rate
     25.7842 %
Defaulted Amount
     227,740,159.48  
Annualized Default Rate
     7.5785 %
Annualized Default Rate, Net of Recoveries
     6.7745 %
Trust Portfolio Yield
     18.6159 %
New Principal Receivables
     8,802,729,734.94  
Ending Number of Accounts
     27,908,210  
Ending Principal Receivables Balance
     34,276,757,284.86  
Ending Required Minimum Principal Balance
     28,485,051,010.00  
Ending Transferor Amount
     7,655,214,284.86  
Ending Special Funding Account Balance
     0.00  
Ending Total Principal Balance
     34,276,757,284.86  

 

 

     
B. Series Allocations
                                                                         
                    Principal   Series           Series           Series   Series
            Adjusted   Funding   Required   Series   Allocable   Series   Allocable   Allocable
    Invested   Invested   Account   Transferor   Allocation   Finance Charge   Allocable   Principal   Defaulted
    Amount   Amount   Balance   Amount   Percentage   Collections   Recoveries   Collections   Amount
Group 1
                                                                        
 
                                                                        
2006-2
     500,000,000       500,000,000.00       0.00       35,000,000.00       1.88 %     15,144,693.30       453,779.12       183,131,783.59       4,277,365.88  
2009-D-I
     20,834,000       20,834,000.00       0.00       1,458,380.00       0.08 %     631,049.08       18,908.07       7,630,735.16       178,229.28  
 
                                                                        
Total
     520,834,000.00       520,834,000.00       0.00       36,458,380.00       1.96 %     15,775,742.38       472,687.19       190,762,518.75       4,455,595.16  
Group 2
                                                                        
 
                                                                        
2004-2
     400,000,000       400,000,000.00       0.00       28,000,000.00       1.50 %     12,115,754.64       363,023.30       146,505,426.87       3,421,892.71  
2005-1
     600,000,000       600,000,000.00       0.00       42,000,000.00       2.25 %     18,173,631.96       544,534.95       219,758,140.31       5,132,839.06  
2005-2
     600,000,000       600,000,000.00       0.00       42,000,000.00       2.25 %     18,173,631.96       544,534.95       219,758,140.31       5,132,839.06  
2005-4
     500,000,000       500,000,000.00       0.00       35,000,000.00       1.88 %     15,144,693.30       453,779.12       183,131,783.59       4,277,365.88  
2005-5
     1,100,000,000       1,100,000,000.00       0.00       77,000,000.00       4.13 %     33,318,325.26       998,314.07       402,889,923.90       9,410,204.94  
2005-7
     700,000,000       700,000,000.00       0.00       49,000,000.00       2.63 %     21,202,570.62       635,290.77       256,384,497.03       5,988,312.23  
2005-8
     500,000,000       500,000,000.00       0.00       35,000,000.00       1.88 %     15,144,693.30       453,779.12       183,131,783.59       4,277,365.88  
2006-B
     700,000,000       700,000,000.00       0.00       49,000,000.00       2.63 %     21,202,570.62       635,290.77       256,384,497.03       5,988,312.23  
2006-1
     1,000,000,000       1,000,000,000.00       0.00       70,000,000.00       3.76 %     30,289,386.60       907,558.24       366,263,567.18       8,554,731.76  
2006-3
     600,000,000       600,000,000.00       0.00       42,000,000.00       2.25 %     18,173,631.96       544,534.95       219,758,140.31       5,132,839.06  
2007-1
     500,000,000       500,000,000.00       0.00       35,000,000.00       1.88 %     15,144,693.30       453,779.12       183,131,783.59       4,277,365.88  
2007-2
     500,000,000       500,000,000.00       0.00       35,000,000.00       1.88 %     15,144,693.30       453,779.12       183,131,783.59       4,277,365.88  
2007-3
     600,000,000       600,000,000.00       0.00       42,000,000.00       2.25 %     18,173,631.96       544,534.95       219,758,140.31       5,132,839.06  
2007-4
     800,000,000       800,000,000.00       0.00       56,000,000.00       3.01 %     24,231,509.28       726,046.59       293,010,853.75       6,843,785.41  
2007-5
     500,000,000       500,000,000.00       0.00       35,000,000.00       1.88 %     15,144,693.30       453,779.12       183,131,783.59       4,277,365.88  
2007-6
     1,000,000,000       1,000,000,000.00       0.00       70,000,000.00       3.76 %     30,289,386.60       907,558.24       366,263,567.18       8,554,731.76  
2007-7
     900,000,000       900,000,000.00       0.00       63,000,000.00       3.38 %     27,260,447.94       816,802.42       329,637,210.47       7,699,258.59  
2007-8
     1,200,000,000       1,200,000,000.00       0.00       84,000,000.00       4.51 %     36,347,263.92       1,089,069.89       439,516,280.62       10,265,678.12  
2008-1
     2,875,000,000       2,875,000,000.00       0.00       201,250,000.00       10.80 %     87,081,986.47       2,609,229.95       1,053,007,755.65       24,594,853.82  
2008-2
     1,363,638,000       1,363,638,000.00       0.00       95,454,660.00       5.12 %     41,303,758.56       1,237,580.91       499,450,918.23       11,665,557.31  
2008-4
     607,956,000       607,956,000.00       0.00       42,556,920.00       2.28 %     18,414,614.32       551,755.48       222,672,133.25       5,200,900.50  
2008-5
     909,091,000       909,091,000.00       0.00       63,636,370.00       3.41 %     27,535,808.75       825,053.03       332,966,912.55       7,777,029.65  
2008-6
     1,534,091,000       1,534,091,000.00       0.00       107,386,370.00       5.76 %     46,466,675.38       1,392,276.93       561,881,642.04       13,123,737.00  
2008-7
     596,592,000       596,592,000.00       0.00       41,761,440.00       2.24 %     18,070,405.73       541,441.99       218,509,914.07       5,103,684.53  
2008-8
     738,637,000       738,637,000.00       0.00       51,704,590.00       2.77 %     22,372,861.65       670,356.10       270,535,822.47       6,318,841.41  
2008-9
     625,000,000       625,000,000.00       0.00       43,750,000.00       2.35 %     18,930,866.62       567,223.90       228,914,729.49       5,346,707.35  
2009-1
     1,212,122,000       1,212,122,000.00       0.00       84,848,540.00       4.55 %     36,714,431.86       1,100,071.31       443,956,127.58       10,369,378.57  
2009-2
     1,515,155,000       1,515,155,000.00       0.00       106,060,850.00       5.69 %     45,893,115.55       1,375,091.41       554,946,075.14       12,961,744.60  
2009-D-II
     1,423,427,000       1,423,427,000.00       0.00       99,639,890.00       5.35 %     43,114,730.70       1,291,842.91       521,349,450.65       12,177,036.17  
 
                                                                        
Total
     26,100,709,000.00       26,100,709,000.00       0.00       1,827,049,630.00       98.04 %     790,574,465.41       23,687,913.61       9,559,738,784.34       223,284,564.30  
 
                                                                        
Trust
     26,621,543,000.00       26,621,543,000.00       0.00       1,863,508,010.00       100.00 %     806,350,207.79       24,160,600.80       9,750,501,303.09       227,740,159.46  

 

 

     
C. Group Allocations (1)
                                                                                 
                                                            Reallocated        
            Investor                                           Investor   Investment    
            Finance   Investor   Investor   Investor   Investor           Finance   Funding    
            Charge   Monthly   Default   Monthly   Additional           Charge   Account   Available
    Invested Amount   Collections   Interest   Amount   Fees   Amounts   Total   Collections   Proceeds   Excess
Group 1
                                                                                
2006-2
     500,000,000.00       11,372,335.68       2,242,500.00       3,211,926.43       833,333.33       0.00       6,287,759.76       11,372,335.68       0.00       5,084,575.92  
 
                                                                                
Total
     500,000,000.00       11,372,335.68       2,242,500.00       3,211,926.43       833,333.33       0.00       6,287,759.76       11,372,335.68       0.00       5,084,575.92  
 
                                                                                
Group 2
                                                                                
2004-2
     400,000,000.00       9,097,868.55       164,668.45       2,569,541.15       666,666.67       0.00       3,400,876.27       8,903,776.59       0.00       5,502,900.32  
2005-1
     600,000,000.00       13,646,958.69       158,336.00       3,854,311.71       1,000,000.00       0.00       5,012,647.71       13,266,998.19       0.00       8,254,506.35  
2005-2
     600,000,000.00       13,646,802.82       203,589.33       3,854,311.71       1,000,000.00       0.00       5,057,901.04       13,312,251.52       0.00       8,254,350.48  
2005-4
     500,000,000.00       11,372,335.68       154,724.44       3,211,926.43       833,333.33       0.00       4,199,984.20       11,078,609.60       0.00       6,878,625.40  
2005-5
     1,100,000,000.00       25,019,138.50       301,967.11       7,066,238.14       1,833,333.33       0.00       9,201,538.58       24,334,514.46       0.00       15,132,975.88  
2005-7
     700,000,000.00       15,921,269.96       216,987.56       4,496,696.99       1,166,666.67       0.00       5,880,351.22       15,510,426.78       0.00       9,630,075.56  
2005-8
     500,000,000.00       11,372,335.68       133,613.34       3,211,926.43       833,333.33       0.00       4,178,873.10       11,057,498.50       0.00       6,878,625.40  
2006-1
     1,000,000,000.00       22,744,671.36       261,226.66       6,423,852.85       1,666,666.67       0.00       8,351,746.18       22,108,996.98       0.00       13,757,250.80  
2006-3
     600,000,000.00       13,646,802.82       151,482.67       3,854,311.71       1,000,000.00       0.00       5,005,794.38       13,260,144.86       0.00       8,254,350.48  
2006-B
     700,000,000.00       15,921,269.96       189,080.89       4,496,696.99       1,166,666.67       0.00       5,852,444.55       15,482,520.11       0.00       9,630,075.56  
2007-1
     500,000,000.00       11,372,335.68       121,924.45       3,211,926.43       833,333.33       0.00       4,167,184.21       11,045,809.61       0.00       6,878,625.40  
2007-2
     500,000,000.00       11,372,335.68       137,680.00       3,211,926.43       833,333.33       0.00       4,182,939.76       11,061,565.16       0.00       6,878,625.40  
2007-3
     600,000,000.00       13,646,967.09       135,642.67       3,854,311.71       1,000,000.00       0.00       4,989,954.38       13,244,304.86       0.00       8,254,514.75  
2007-4
     800,000,000.00       18,195,737.09       175,061.33       5,139,082.28       1,333,333.33       0.00       6,647,476.94       17,653,277.58       0.00       11,005,800.64  
2007-5
     500,000,000.00       11,372,335.68       129,124.45       3,211,926.43       833,333.33       0.00       4,174,384.21       11,053,009.61       0.00       6,878,625.40  
2007-6
     1,000,000,000.00       22,744,671.36       228,293.34       6,423,852.85       1,666,666.67       0.00       8,318,812.86       22,076,063.66       0.00       13,757,250.80  
2007-7
     900,000,000.00       20,470,204.23       242,424.00       5,781,467.57       1,500,000.00       0.00       7,523,891.57       19,905,417.29       0.00       12,381,525.72  
2007-8
     1,200,000,000.00       27,293,605.64       661,472.00       7,708,623.43       2,000,000.00       0.00       10,370,095.43       26,878,796.39       0.00       16,508,700.96  
2008-1
     2,875,000,000.00       65,390,930.17       2,212,804.45       18,468,576.96       4,791,666.67       0.00       25,473,048.08       65,025,144.12       0.00       39,552,096.04  
2008-2
     1,363,638,000.00       31,015,498.17       2,270,527.71       8,759,809.86       2,272,730.00       0.00       13,303,067.57       32,062,977.53       0.00       18,759,909.96  
2008-4
     607,956,000.00       13,827,759.42       1,146,410.03       3,905,419.88       1,013,260.00       0.00       6,065,089.91       14,428,893.08       0.00       8,363,803.17  
2008-5
     909,091,000.00       20,676,976.03       1,052,428.61       5,839,866.81       1,515,151.66       0.00       8,407,447.08       20,914,039.96       0.00       12,506,592.88  
2008-6
     1,534,091,000.00       34,892,395.64       2,381,768.56       9,854,774.85       2,556,818.33       0.00       14,793,361.74       35,898,236.37       0.00       21,104,874.63  
2008-7
     596,592,000.00       13,569,288.98       988,823.11       3,832,419.22       994,320.00       0.00       5,815,562.33       14,023,028.10       0.00       8,207,465.77  
2008-8
     738,637,000.00       16,800,055.82       1,130,037.95       4,744,895.40       1,231,061.66       0.00       7,105,995.01       17,267,609.47       0.00       10,161,614.46  
2008-9
     625,000,000.00       14,215,419.60       1,241,600.00       4,014,908.03       1,041,666.67       0.00       6,298,174.70       14,896,456.45       0.00       8,598,281.75  
2009-1
     1,212,122,000.00       27,569,316.54       3,511,816.45       7,786,493.37       2,020,203.34       0.00       13,318,513.16       29,993,979.51       0.00       16,675,466.35  
2009-2
     1,515,155,000.00       34,461,702.54       2,429,564.50       9,733,132.77       2,525,258.33       0.00       14,687,955.60       35,532,322.93       0.00       20,844,367.33  
 
                                                                                
Total
     24,677,282,000.00       561,276,989.38       22,133,080.06       158,523,228.39       41,128,803.32       0.00       221,785,111.77       561,276,669.27       0.00       339,491,877.64  
 
                                                                                
Trust Total
     25,177,282,000.00       572,649,325.06       24,375,580.06       161,735,154.82       41,962,136.65       0.00       228,072,871.53       572,649,004.95       0.00       344,576,453.56  
                         
      Group Investor Finance           Group Reallocable Investor
    Charge Collections   Group Expenses     Finance Charge Collections
Group 1
    11,372,335.68     6,287,759.76       5,084,575.92
Group 2
    561,276,669.24     221,785,111.77       339,491,557.47
 
(1)   Neither Series 2009-D-I nor Series 2009-D-II shares in group allocations with other series. Therfore, certain figures set froth in section “B. Series Allocations” above, which include Series 2009-D-I and Series 2009-D-II, will not equal the corresponding figures set forth in this section “C. Group Allocations.”
D. Trust Performance
Delinquencies:
         
31-60 Days Delinquent:
     331,746,881  
61-90 Days Delinquent:
     272,814,217  
90+ Days Delinquent:
     704,448,459  
Total 30+ Days Delinquent:
     1,309,009,556  

 

 

Series 2004-2 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     532,685,412.15       400,000,000.00       132,685,412.15  
Beginning Adjusted Invested Amount
     N/A       400,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     12,115,754.64       9,097,868.55       3,017,886.09  
Collections of Principal Receivables
     146,505,426.87       110,012,719.35       36,492,707.52  
Defaulted Amount
     3,421,892.71       2,569,541.15       852,351.56  
 
                        
Ending Invested Amount / Transferor Amount
     515,022,848.75       400,000,000.00       115,022,848.75  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     0.4031 %     0.6031 %     0.9031 %        
Monthly Interest Due
     119,684.82       16,083.47       28,900.16       164,668.45  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     119,684.82       16,083.47       28,900.16       164,668.45  
Investor Default Amount
     2,145,566.86       192,715.59       231,258.70       2,569,541.15  
Investor Monthly Fees Due
     556,666.67       50,000.00       60,000.00       666,666.67  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     2,821,918.35       258,799.06       320,158.86       3,400,876.27  
 
                                
Reallocated Investor Finance Charge Collections
                             8,903,776.59  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             18.0625 %
Base Rate
                             2.3706 %
Excess Spread Percentage
                             16.5087 %
 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     334,000,000.00       30,000,000.00       36,000,000.00       400,000,000.00  
Distributions of Interest
     119,684.82       16,083.47       28,900.16       164,668.45  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     119,684.82       16,083.47       28,900.16       164,668.45  
Ending Certificates Balance
     334,000,000.00       30,000,000.00       36,000,000.00       400,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.36  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.36  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.54  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.54  
 
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 5,531,800.47  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 28,900.16  
 
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 5,502,900.31  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 7,434,653.45  
 
        
a. Class A Monthly Interest:
   $ 119,684.82  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 2,145,566.86  
e. Excess Spread:
   $ 5,169,401.77  
 
        
2. Class B Available Funds:
   $ 667,783.24  
 
        
a. Class B Monthly Interest:
   $ 16,083.47  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 651,699.77  
 
        
3. Collateral Available Funds:
   $ 801,339.89  
 
        
a. Excess Spread:
   $ 801,339.89  
 
        
4. Total Excess Spread:
   $ 6,622,441.43  

 

 

         
K. Reallocated Principal Collections.
        
 
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2004-2 Allocable Principal Collections:
   $ 146,505,426.87  
 
        
3. Principal Allocation Percentage of Series 2004-2 Allocable Principal Collections:
   $ 110,012,719.35  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 110,012,719.35  
 
        
6. Shared Principal Collections from other Series allocated to Series 2004-2:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 2,569,541.15  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 112,582,260.50  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 36,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 36,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 112,582,260.50  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  

 

 

         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-2.
        
1. Excess Spread:
   $ 6,622,441.43  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 192,715.59  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 28,900.16  
9. Applied to unpaid Monthly Servicing Fee:
   $ 666,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 231,258.70  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 5,502,900.31  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2004-2.
        
 
        
1. Excess Spread:
   $ 6,622,441.43  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 192,715.59  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 28,900.16  
10. Applied to unpaid Monthly Servicing Fee:
   $ 666,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 231,258.70  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 5,502,900.31  

 

 

         
O. Yield and Base Rate.
        
1. Base Rate:
        
a. Current Monthly Period:
     2.3706 %
 
b. Prior Monthly Period:
     2.4319 %
 
        
c. Second Prior Monthly Period:
     2.5730 %
2. Three Month Average Base Rate:
     2.4585 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     18.0625 %
b. Prior Monthly Period:
     18.6443 %
c. Second Prior Monthly Period:
     16.9139 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.8735 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes  
Series 2005-1 Certificates
                         
                   
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     799,028,118.22       600,000,000.00       199,028,118.22  
Beginning Adjusted Invested Amount
     N/A       600,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     18,173,631.96       13,646,958.69       4,526,829.14  
Collections of Principal Receivables
     219,758,140.31       165,019,079.03       54,739,061.28  
Defaulted Amount
     5,132,839.06       3,854,311.71       1,278,527.35  
 
                        
Ending Invested Amount / Transferor Amount
     772,534,273.12       600,000,000.00       172,534,273.12  
 
                        
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     2,505,000.00       0.00       0.00       2,505,000.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     2,505,000.00       0.00       0.00       2,505,000.00  
Required Reserve Account Amount
     2,505,000.00       0.00       0.00       2,505,000.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 — February 15, 2010
     0.2631 %     0.3531 %     0.5631 %        
Monthly Interest Due
     117,180.56       14,125.20       27,030.24       158,336.00  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     117,180.56       14,125.20       27,030.24       158,336.00  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Investor Default Amount
     3,218,350.28       289,073.38       346,888.05       3,854,311.71  
Investor Monthly Fees Due
     835,000.00       75,000.00       90,000.00       1,000,000.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     4,170,530.84       378,198.58       463,918.29       5,012,647.71  
 
Reallocated Investor Finance Charge Collections
                             13,266,998.19  
Interest and Principal Funding Investment Proceed
                               0.00  
Interest on Reserve Account
                              155.87  
Series Adjusted Portfolio Yield
                              17.8942 %
Base Rate
                               2.2020 %
Excess Spread Percentage
                              16.5090 %

 

 

                                 
C. Certificates — Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     501,000,000.00       45,000,000.00       54,000,000.00       600,000,000.00  
Distributions of Interest
     117,180.56       14,125.20       27,030.24       158,336.00  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     117,180.56       14,125.20       27,030.24       158,336.00  
Ending Certificates Balance
     501,000,000.00       45,000,000.00       54,000,000.00       600,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.23  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.23  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge - Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class
        
 
A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.31  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.31  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 8,281,536.59  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 27,030.24  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 8,254,506.35  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 11,078,073.64  
 
        
a. Class A Monthly Interest:
   $ 117,180.56  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,218,350.28  
e. Excess Spread:
   $ 7,742,542.80  
 
        

 

 

         
2. Class B Available Funds:
   $ 995,036.55  
 
        
a. Class B Monthly Interest:
   $ 14,125.20  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 980,911.35  
 
        
3. Collateral Available Funds:
   $ 1,194,043.87  
 
        
a. Excess Spread:
   $ 1,194,043.87  
 
        
4. Total Excess Spread:
   $ 9,917,498.02  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2005-1 Allocable Principal Collections:
   $ 219,758,140.31  
 
        
3. Principal Allocation Percentage of Series 2005-1 Allocable Principal Collections:
   $ 165,019,079.03  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 165,019,079.03  
 
        
6. Shared Principal Collections from other Series allocated to Series 2005-1:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,854,311.71  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 168,873,390.74  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 54,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 54,000,000.00  
 
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 168,873,390.74  
 
        

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2005-1.
        
1. Excess Spread:
   $ 9,917,498.02  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 289,073.38  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 27,030.24  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
10.Collateral Default Amount treated as Available Principal Collections:
   $ 346,888.05  
11.Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12.Deposited to Reserve Account:
   $ 0.00  
13.Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,506.35  
 
        

 

 

         
N.2.Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2005-1.
        
 
        
1. Excess Spread:
   $ 9,917,498.02  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 289,073.38  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 27,030.24  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 346,888.05  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13.Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,506.35  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2020 %
b. Prior Monthly Period:
     2.2634 %
 
        
c. Second Prior Monthly Period:
     2.4044 %
2. Three Month Average Base Rate:
     2.2899 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8942 %
b. Prior Monthly Period:
     18.4704 %
c. Second Prior Monthly Period:
     16.7510 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7052 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  
Yes

 

 

Series 2005-2 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations       Total Investor Interest     Transferors’ Interest    
Beginning Invested Amount/Transferor Amount
     799,028,118.22       600,000,000.00       199,028,118.22  
Beginning Adjusted Invested Amount
     N/A       600,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     18,173,631.96       13,646,802.82       4,526,829.14  
Collections of Principal Receivables
     219,758,140.31       165,019,079.03       54,739,061.28  
Defaulted Amount
     5,132,839.06       3,854,311.71       1,278,527.35  
 
                        
Ending Invested Amount / Transferor Amount
     772,534,273.12       600,000,000.00       172,534,273.12  
                                 
B. Monthly Period Funding Requirements
   Class A   Class B   Collateral Interest   Total
 
                        
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     0.3331 %     0.5131 %     0.7231 %        
Monthly Interest Due
     148,353.89       20,525.20       34,710.24       203,589.33  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     148,353.89       20,525.20       34,710.24       203,589.33  
Investor Default Amount
     3,218,350.28       289,073.38       346,888.05       3,854,311.71  
Investor Monthly Fees Due
     835,000.00       75,000.00       90,000.00       1,000,000.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     4,201,704.17       384,598.58       471,598.29       5,057,901.04  
 
Reallocated Investor Finance Charge Collections
                             13,312,251.52  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.9799 %
Base Rate
                             2.2881 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     501,000,000.00       45,000,000.00       54,000,000.00       600,000,000.00  
Distributions of Interest
     148,353.89       20,525.20       34,710.24       203,589.33  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     148,353.89       20,525.20       34,710.24       203,589.33  
Ending Certificates Balance
     501,000,000.00       45,000,000.00       54,000,000.00       600,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.30  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.30  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
         
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.46  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.46  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 8,289,060.72  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 34,710.24  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 8,254,350.48  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 11,115,730.02  
 
        
a. Class A Monthly Interest:
   $ 148,353.89  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,218,350.28  
e. Excess Spread:
   $ 7,749,025.85  
 
        
2. Class B Available Funds:
   $ 998,418.86  
 
        
a. Class B Monthly Interest:
   $ 20,525.20  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 977,893.66  
 
        
3. Collateral Available Funds:
   $ 1,198,102.64  
 
        
a. Excess Spread:
   $ 1,198,102.64  
 
        
4. Total Excess Spread:
   $ 9,925,022.15  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2005-2 Allocable Principal Collections:
   $ 219,758,140.31  
 
        
3. Principal Allocation Percentage of Series 2005-2 Allocable Principal Collections:
   $ 165,019,079.03  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 165,019,079.03  
 
        
6. Shared Principal Collections from other Series allocated to Series 2005-2:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,854,311.71  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 168,873,390.74  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 54,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 54,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 168,873,390.74  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2005-2.
        
 
        
1. Excess Spread:
   $ 9,925,022.15  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 289,073.38  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 34,710.24  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 346,888.05  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,350.48  

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2005-2.
        
 
        
1. Excess Spread:
   $ 9,925,022.15  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 289,073.38  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 34,710.24  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 346,888.05  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,350.48  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2881 %
b. Prior Monthly Period:
     2.3494 %
 
        
c. Second Prior Monthly Period:
     2.4904 %
2. Three Month Average Base Rate:
     2.3760 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.9799 %
b. Prior Monthly Period:
     18.5590 %
c. Second Prior Monthly Period:
     16.8341 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7910 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2005-4 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     665,856,765.19       500,000,000.00       165,856,765.19  
Beginning Adjusted Invested Amount
     N/A       500,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     15,144,693.30       11,372,335.68       3,772,357.62  
Collections of Principal Receivables
     183,131,783.59       137,515,899.19       45,615,884.40  
Defaulted Amount
     4,277,365.88       3,211,926.43       1,065,439.45  
 
                        
Ending Invested Amount / Transferor Amount
     643,778,560.94       500,000,000.00       143,778,560.94  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.3031 %     0.4831 %     0.6531 %        
Monthly Interest Due
     112,494.91       16,104.33       26,125.20       154,724.44  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     112,494.91       16,104.33       26,125.20       154,724.44  
Investor Default Amount
     2,681,958.57       240,894.48       289,073.38       3,211,926.43  
Investor Monthly Fees Due
     695,833.33       62,500.00       75,000.00       833,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     3,490,286.81       319,498.81       390,198.58       4,199,984.20  
 
                                
Reallocated Investor Finance Charge Collections
                             11,078,609.60  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.9459 %
Base Rate
                             2.2540 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     417,500,000.00       37,500,000.00       45,000,000.00       500,000,000.00  
Distributions of Interest
     112,494.91       16,104.33       26,125.20       154,724.44  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     112,494.91       16,104.33       26,125.20       154,724.44  
Ending Certificates Balance
     417,500,000.00       37,500,000.00       45,000,000.00       500,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.27  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.27  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.43  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.43  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 6,904,750.60  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 26,125.20  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 6,878,625.40  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 9,250,639.02  
 
        
a. Class A Monthly Interest:
   $ 112,494.91  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 2,681,958.57  
e. Excess Spread:
   $ 6,456,185.54  
 
        
2. Class B Available Funds:
   $ 830,895.72  
 
        
a. Class B Monthly Interest:
   $ 16,104.33  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 814,791.39  
 
        
3. Collateral Available Funds:
   $ 997,074.86  
 
        
a. Excess Spread:
   $ 997,074.86  
 
        
4. Total Excess Spread:
   $ 8,268,051.79  

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2005-4 Allocable Principal Collections:
   $ 183,131,783.59  
 
        
3. Principal Allocation Percentage of Series 2005-4 Allocable Principal Collections:
   $ 137,515,899.19  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 137,515,899.19  
 
        
6. Shared Principal Collections from other Series allocated to Series 2005-4:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,211,926.43  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 140,727,825.62  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 45,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 45,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 140,727,825.62  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  

 

 

         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2005-4.
        
1. Excess Spread:
   $ 8,268,051.79  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 240,894.48  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 26,125.20  
9. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 289,073.38  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2005-4.
        
 
        
1. Excess Spread:
   $ 8,268,051.79  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 240,894.48  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 26,125.20  
10. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 289,073.38  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2540 %
b. Prior Monthly Period:
     2.3153 %
 
        
c. Second Prior Monthly Period:
     2.4564 %
2. Three Month Average Base Rate:
     2.3419 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.9459 %
b. Prior Monthly Period:
     18.5238 %
c. Second Prior Monthly Period:
     16.8012 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7570 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2005-5 Certificates
                         
    Series Allocations     Total Investor     Transferors’ Interest  
A. Investor/Transferor Allocations           Interest          
Beginning Invested Amount/Transferor Amount
     1,464,884,883.41       1,100,000,000.00       364,884,883.41  
Beginning Adjusted Invested Amount
     N/A       1,100,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     33,318,325.26       25,019,138.50       8,299,186.76  
Collections of Principal Receivables
     402,889,923.90       302,534,978.22       100,354,945.68  
Defaulted Amount
     9,410,204.94       7,066,238.14       2,343,966.80  
 
                        
Ending Invested Amount / Transferor Amount
     1,416,312,834.06       1,100,000,000.00       316,312,834.06  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2731 %     0.4131 %     0.5531 %        
Monthly Interest Due
     222,995.47       30,296.20       48,675.44       301,967.11  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     222,995.47       30,296.20       48,675.44       301,967.11  
Investor Default Amount
     5,900,308.85       529,967.86       635,961.43       7,066,238.14  
Investor Monthly Fees Due
     1,530,833.33       137,500.00       165,000.00       1,833,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     7,654,137.65       697,764.06       849,636.87       9,201,538.58  
 
                                
Reallocated Investor Finance Charge Collections
                             24,334,514.46  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.9060 %
Base Rate
                             2.2142 %
Excess Spread Percentage
                             16.5087 %

 

 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     918,500,000.00       82,500,000.00       99,000,000.00       1,100,000,000.00  
Distributions of Interest
     222,995.47       30,296.20       48,675.44       301,967.11  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     222,995.47       30,296.20       48,675.44       301,967.11  
Ending Certificates Balance
     918,500,000.00       82,500,000.00       99,000,000.00       1,100,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.24  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.24  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.37  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.37  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 15,181,651.31  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 48,675.44  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 15,132,975.87  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 20,319,319.57  
a. Class A Monthly Interest:
   $ 222,995.47  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 5,900,308.85  
e. Excess Spread:
   $ 14,196,015.25  
 
        
2. Class B Available Funds:
   $ 1,825,088.58  
 
        
a. Class B Monthly Interest:
   $ 30,296.20  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,794,792.38  
 
        
3. Collateral Available Funds:
   $ 2,190,106.30  
 
        
a. Excess Spread:
   $ 2,190,106.30  
 
        
4. Total Excess Spread:
   $ 18,180,913.93  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2005-5 Allocable Principal Collections:
   $ 402,889,923.90  
 
        
3. Principal Allocation Percentage of Series 2005-5 Allocable Principal Collections:
   $ 302,534,978.22  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 302,534,978.22  
 
        
6. Shared Principal Collections from other Series allocated to Series 2005-5:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 7,066,238.14  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 309,601,216.36  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 99,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 99,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 309,601,216.36  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2005-5.
        
1. Excess Spread:
   $ 18,180,913.93  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 529,967.86  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 48,675.44  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 635,961.43  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 15,132,975.87  

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2005-5.
        
 
        
1. Excess Spread:
   $ 18,180,913.93  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 529,967.86  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 48,675.44  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 635,961.43  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 15,132,975.87  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a.   Current Monthly Period:
     2.2142 %
b.   Prior Monthly Period:
     2.2755 %
 
        
c.   Second Prior Monthly Period:
     2.4165 %
2. Three Month Average Base Rate:
     2.3021 %
 
        
3. Series Adjusted Portfolio Yield:
        
a.   Current Monthly Period:
     17.9060 %
b.   Prior Monthly Period:
     18.4826 %
c.   Second Prior Monthly Period:
     16.7627 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7171 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2005-7 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     932,199,471.26       700,000,000.00       232,199,471.26  
Beginning Adjusted Invested Amount
     N/A       700,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     21,202,570.62       15,921,269.96       5,281,300.66  
Collections of Principal Receivables
     256,384,497.03       192,522,258.87       63,862,238.16  
Defaulted Amount
     5,988,312.23       4,496,696.99       1,491,615.24  
 
                        
Ending Invested Amount / Transferor Amount
     901,289,985.31       700,000,000.00       201,289,985.31  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.3031 %     0.5031 %     0.6431 %        
Monthly Interest Due
     157,492.88       23,479.40       36,015.28       216,987.56  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     157,492.88       23,479.40       36,015.28       216,987.56  
Investor Default Amount
     3,754,741.99       337,252.27       404,702.73       4,496,696.99  
Investor Monthly Fees Due
     974,166.67       87,500.00       105,000.00       1,166,666.67  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     4,886,401.54       448,231.67       545,718.01       5,880,351.22  
 
                                
Reallocated Investor Finance Charge Collections
                             15,510,426.78  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.9465 %
Base Rate
                             2.2546 %
Excess Spread Percentage
                             16.5087 %
 
        
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     584,500,000.00       52,500,000.00       63,000,000.00       700,000,000.00  
Distributions of Interest
     157,492.88       23,479.40       36,015.28       216,987.56  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     157,492.88       23,479.40       36,015.28       216,987.56  
Ending Certificates Balance
     584,500,000.00       52,500,000.00       63,000,000.00       700,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.27  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.27  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.45  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.45  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 9,666,090.84  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 36,015.28  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 9,630,075.56  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 12,951,206.36  
 
        
a. Class A Monthly Interest:
   $ 157,492.88  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,754,741.99  
e. Excess Spread:
   $ 9,038,971.49  
 
        
2. Class B Available Funds:
   $ 1,163,282.01  
 
        
a. Class B Monthly Interest:
   $ 23,479.40  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,139,802.61  
 
        
3. Collateral Available Funds:
   $ 1,395,938.41  
 
        
a. Excess Spread:
   $ 1,395,938.41  
 
        
4. Total Excess Spread:
   $ 11,574,712.51  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2005-7 Allocable Principal Collections:
   $ 256,384,497.03  
 
        
3. Principal Allocation Percentage of Series 2005-7 Allocable Principal Collections:
   $ 192,522,258.87  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
5. Item 3 minus item 4:
   $ 192,522,258.87  
 
        
6. Shared Principal Collections from other Series allocated to Series 2005-7:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 4,496,696.99  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 197,018,955.86  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 63,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 63,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 197,018,955.86  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2005-7.
        
1. Excess Spread:
   $ 11,574,712.51  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 337,252.27  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 36,015.28  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,166,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 404,702.73  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 9,630,075.56  
 
        

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2005-7.
        
 
        
1. Excess Spread:
   $ 11,574,712.51  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 337,252.27  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 36,015.28  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,166,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 404,702.73  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 9,630,075.56  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2546 %
b. Prior Monthly Period:
     2.3159 %
 
        
c. Second Prior Monthly Period:
     2.4570 %
2. Three Month Average Base Rate:
     2.3425 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.9465 %
b. Prior Monthly Period:
     18.5244 %
c. Second Prior Monthly Period:
     16.8018 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7576 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2005-8 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     665,856,765.19       500,000,000.00       165,856,765.19  
Beginning Adjusted Invested Amount
     N/A       500,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     15,144,693.30       11,372,335.68       3,772,357.62  
Collections of Principal Receivables
     183,131,783.59       137,515,899.19       45,615,884.40  
Defaulted Amount
     4,277,365.88       3,211,926.43       1,065,439.45  
 
                        
Ending Invested Amount / Transferor Amount
     643,778,560.94       500,000,000.00       143,778,560.94  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2631 %     0.4031 %     0.5631 %        
Monthly Interest Due
     97,650.47       13,437.67       22,525.20       133,613.34  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     97,650.47       13,437.67       22,525.20       133,613.34  
Investor Default Amount
     2,681,958.57       240,894.48       289,073.38       3,211,926.43  
Investor Monthly Fees Due
     695,833.33       62,500.00       75,000.00       833,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     3,475,442.37       316,832.15       386,598.58       4,178,873.10  
 
                                
Reallocated Investor Finance Charge Collections
                             11,057,498.50  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.8977 %
Base Rate
                             2.2058 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     417,500,000.00       37,500,000.00       45,000,000.00       500,000,000.00  
Distributions of Interest
     97,650.47       13,437.67       22,525.20       133,613.34  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     97,650.47       13,437.67       22,525.20       133,613.34  
Ending Certificates Balance
     417,500,000.00       37,500,000.00       45,000,000.00       500,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.23  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.23  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.36  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.36  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
1. The total amount distributed to the Collateral Interest Holder:
   $ 6,901,150.61  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 22,525.20  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 6,878,625.41  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 9,233,011.25  
 
        
a. Class A Monthly Interest:
   $ 97,650.47  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 2,681,958.57  
e. Excess Spread:
   $ 6,453,402.21  
 
        
2. Class B Available Funds:
   $ 829,312.39  
 
        
a. Class B Monthly Interest:
   $ 13,437.67  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 815,874.72  
 
        
3. Collateral Available Funds:
   $ 995,174.87  
 
a. Excess Spread:
   $ 995,174.87  
 
        
4. Total Excess Spread:
   $ 8,264,451.80  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2005-8 Allocable Principal Collections:
   $ 183,131,783.59  
 
        
3. Principal Allocation Percentage of Series 2005-8 Allocable Principal Collections:
   $ 137,515,899.19  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 137,515,899.19  
 
        
6. Shared Principal Collections from other Series allocated to Series 2005-8:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,211,926.43  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 140,727,825.62  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 45,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 45,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 140,727,825.62  
 
        

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2005-8.
        
1. Excess Spread:
   $ 8,264,451.80  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 240,894.48  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 22,525.20  
9. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 289,073.38  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.41  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2005-8.
        
 
        
1. Excess Spread:
   $ 8,264,451.80  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 240,894.48  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 22,525.20  
10. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 289,073.38  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.41  
 
        

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2058 %
b. Prior Monthly Period:
     2.2672 %
 
        
c. Second Prior Monthly Period:
     2.4082 %
2. Three Month Average Base Rate:
     2.2937 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8977 %
b. Prior Monthly Period:
     18.4740 %
c. Second Prior Monthly Period:
     16.7546 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7088 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  
Yes
Series 2006-1 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,331,713,530.37       1,000,000,000.00       331,713,530.37  
Beginning Adjusted Invested Amount
     N/A       1,000,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     30,289,386.60       22,744,671.36       7,544,715.24  
Collections of Principal Receivables
     366,263,567.18       275,031,798.38       91,231,768.80  
Defaulted Amount
     8,554,731.76       6,423,852.85       2,130,878.91  
 
                        
Ending Invested Amount / Transferor Amount
     1,287,557,121.87       1,000,000,000.00       287,557,121.87  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
                                 
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2631 %     0.3731 %     0.5131 %        
Monthly Interest Due
     195,300.93       24,875.33       41,050.40       261,226.66  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     195,300.93       24,875.33       41,050.40       261,226.66  
Investor Default Amount
     5,363,917.13       481,788.96       578,146.76       6,423,852.85  
Investor Monthly Fees Due
     1,391,666.67       125,000.00       150,000.00       1,666,666.67  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     6,950,884.73       631,664.29       769,197.16       8,351,746.18  
         
Reallocated Investor Finance Charge Collections
     22,108,996.98  
Interest and Principal Funding Investment Proceed
     0.00  
Interest on Reserve Account
     0.00  
Series Adjusted Portfolio Yield
     17.8909 %
Base Rate
     2.1990 %
Excess Spread Percentage
     16.5087 %

 

 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     835,000,000.00       75,000,000.00       90,000,000.00       1,000,000,000.00  
Distributions of Interest
     195,300.93       24,875.33       41,050.40       261,226.66  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     195,300.93       24,875.33       41,050.40       261,226.66  
Ending Certificates Balance
     835,000,000.00       75,000,000.00       90,000,000.00       1,000,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.23  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.23  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.33  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.33  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
         
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 13,798,301.20  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 41,050.40  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 13,757,250.80  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
         
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
         
1. Class A Available Funds:
   $ 18,461,012.48  
 
        
a. Class A Monthly Interest:
   $ 195,300.93  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 5,363,917.13  
e. Excess Spread:
   $ 12,901,794.42  
 
        
2. Class B Available Funds:
   $ 1,658,174.77  
 
        
a. Class B Monthly Interest:
   $ 24,875.33  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,633,299.44  
 
        
3. Collateral Available Funds:
   $ 1,989,809.73  
 
        
a. Excess Spread:
   $ 1,989,809.73  
 
        
4. Total Excess Spread:
   $ 16,524,903.59  
 
        
K. Reallocated Principal Collections.
        
         
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2006-1 Allocable Principal Collections:
   $ 366,263,567.18  
 
        
3. Principal Allocation Percentage of Series 2006-1 Allocable Principal Collections:
   $ 275,031,798.38  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 275,031,798.38  
 
        
6. Shared Principal Collections from other Series allocated to Series 2006-1:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 6,423,852.85  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 281,455,651.23  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
         
1. Collateral Invested Amount:
   $ 90,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 90,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 281,455,651.23  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
         
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2006-1.
        
 
        
1. Excess Spread:
   $ 16,524,903.59  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 481,788.96  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 41,050.40  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,666,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 578,146.76  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 13,757,250.80  

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2006-1.
        
 
        
1. Excess Spread:
   $ 16,524,903.59  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 481,788.96  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 41,050.40  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,666,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 578,146.76  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 13,757,250.80  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.1990 %
b. Prior Monthly Period:
     2.2603 %
 
        
c. Second Prior Monthly Period:
     2.4014 %
2. Three Month Average Base Rate:
     2.2869 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8909 %
b. Prior Monthly Period:
     18.4670 %
c. Second Prior Monthly Period:
     16.7480 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7019 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2006-2 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     665,856,765.19       500,000,000.00       165,856,765.19  
Beginning Adjusted Invested Amount
     N/A       500,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     15,144,693.30       11,372,335.68       3,772,357.62  
Collections of Principal Receivables
     183,131,783.59       137,515,899.19       45,615,884.40  
Defaulted Amount
     4,277,365.88       3,211,926.43       1,065,439.45  
 
                        
Ending Invested Amount / Transferor Amount
     643,778,560.94       500,000,000.00       143,778,560.94  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date
   NA   NA   NA        
Coupon January 15, 2010 - February 15, 2010
     5.3500 %     5.5500 %     5.6500 %        
Monthly Interest Due
     1,950,520.83       127,187.50       164,791.67       2,242,500.00  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     1,950,520.83       127,187.50       164,791.67       2,242,500.00  
Investor Default Amount
     2,810,435.63       176,655.95       224,834.85       3,211,926.43  
Investor Monthly Fees Due
     729,166.67       45,833.33       58,333.33       833,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     5,490,123.13       349,676.78       447,959.85       6,287,759.76  
 
                                
Reallocated Investor Finance Charge Collections
                             11,372,335.68  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             18.6159 %
Base Rate
                             7.0167 %
Excess Spread Percentage
                             12.2030 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     437,500,000.00       27,500,000.00       35,000,000.00       500,000,000.00  
Distributions of Interest
     1,950,520.83       127,187.50       164,791.67       2,242,500.00  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     1,950,520.83       127,187.50       164,791.67       2,242,500.00  
Ending Certificates Balance
     437,500,000.00       27,500,000.00       35,000,000.00       500,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 4.46  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 4.46  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 4.63  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 4.63  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 5,249,367.59  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 164,791.67  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 5,084,575.92  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 9,950,793.72  
 
        
a. Class A Monthly Interest:
   $ 1,950,520.83  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 2,810,435.63  
e. Excess Spread:
   $ 5,189,837.26  
 
        
2. Class B Available Funds:
   $ 625,478.46  
 
        
a. Class B Monthly Interest:
   $ 127,187.50  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 498,290.96  
 
        
3. Collateral Available Funds:
   $ 796,063.50  
 
        
a. Excess Spread:
   $ 796,063.50  
 
        
4. Total Excess Spread:
   $ 6,484,191.72  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2006-2 Allocable Principal Collections:
   $ 183,131,783.59  
 
        
3. Principal Allocation Percentage of Series 2006-2 Allocable Principal Collections:
   $ 137,515,899.19  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 137,515,899.19  
 
        
6. Shared Principal Collections from other Series allocated to Series 2006-2:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,211,926.43  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 140,727,825.62  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 35,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 35,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 140,727,825.62  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  

 

 

         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2006-2.
        
1. Excess Spread:
   $ 6,484,191.72  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 176,655.95  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 164,791.67  
9. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 224,834.85  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 5,084,575.92  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-I Allocated to Series 2006-2.
        
 
        
1. Excess Spread:
   $ 6,484,191.72  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-I
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 176,655.95  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 164,791.67  
10. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 224,834.85  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 5,084,575.92  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     7.0167 %
b. Prior Monthly Period:
     7.2431 %
 
        
c. Second Prior Monthly Period:
     7.7426 %
2. Three Month Average Base Rate:
     7.3342 %
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     18.6159 %
b. Prior Monthly Period:
     19.2575 %
c. Second Prior Monthly Period:
     17.4875 %
4. Three Month Average Series Adjusted Portfolio Yield:
     18.4537 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2006-3 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     799,028,118.22       600,000,000.00       199,028,118.22  
Beginning Adjusted Invested Amount
     N/A       600,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     18,173,631.96       13,646,802.82       4,526,829.14  
Collections of Principal Receivables
     219,758,140.31       165,019,079.03       54,739,061.28  
Defaulted Amount
     5,132,839.06       3,854,311.71       1,278,527.35  
 
                        
Ending Invested Amount / Transferor Amount
     772,534,273.12       600,000,000.00       172,534,273.12  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2531 %     0.3531 %     0.5131 %        
Monthly Interest Due
     112,727.23       14,125.20       24,630.24       151,482.67  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     112,727.23       14,125.20       24,630.24       151,482.67  
Investor Default Amount
     3,218,350.28       289,073.38       346,888.05       3,854,311.71  
Investor Monthly Fees Due
     835,000.00       75,000.00       90,000.00       1,000,000.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     4,166,077.51       378,198.58       461,518.29       5,005,794.38  
 
                                
Reallocated Investor Finance Charge Collections
                             13,260,144.86  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.8809 %
Base Rate
                             2.1890 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     501,000,000.00       45,000,000.00       54,000,000.00       600,000,000.00  
Distributions of Interest
     112,727.23       14,125.20       24,630.24       151,482.67  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     112,727.23       14,125.20       24,630.24       151,482.67  
Ending Certificates Balance
     501,000,000.00       45,000,000.00       54,000,000.00       600,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.23  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.23  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.31  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.31  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 8,278,980.72  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 24,630.24  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 8,254,350.48  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 11,072,220.96  
 
        
a. Class A Monthly Interest:
   $ 112,727.23  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,218,350.28  
e.Excess Spread:
   $ 7,741,143.45  
 
        
2. Class B Available Funds:
   $ 994,510.86  
 
        
a.Class B Monthly Interest:
   $ 14,125.20  
b.Class B Outstanding Monthly Interest:
   $ 0.00  
c.Class B Additional Interest:
   $ 0.00  
d.Excess Spread:
   $ 980,385.66  
 
        
3. Collateral Available Funds:
   $ 1,193,413.04  
 
        
a.Excess Spread:
   $ 1,193,413.04  
 
        
4. Total Excess Spread:
   $ 9,914,942.15  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
    75.0912 %
 
        
2. Series 2006-3 Allocable Principal Collections:
  $ 219,758,140.31  
 
        
3. Principal Allocation Percentage of Series 2006-3 Allocable Principal Collections:
   $ 165,019,079.03  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 165,019,079.03  
 
        
6. Shared Principal Collections from other Series allocated to Series 2006-3:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,854,311.71  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 168,873,390.74  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 54,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 54,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 168,873,390.74  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2006-3.
        
 
        
1. Excess Spread:
   $ 9,914,942.15  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 289,073.38  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 24,630.24  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 346,888.05  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,350.48  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2006-3.
        
 
        
1. Excess Spread:
   $ 9,914,942.15  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 289,073.38  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 24,630.24  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 346,888.05  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,350.48  
 
        

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.1890 %
b. Prior Monthly Period:
     2.2503 %
 
        
c. Second Prior Monthly Period:
     2.3914 %
2. Three Month Average Base Rate:
     2.2769 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8809 %
b. Prior Monthly Period:
     18.4566 %
c. Second Prior Monthly Period:
     16.7384 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.6920 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2006-B Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     932,199,471.26       700,000,000.00       232,199,471.26  
Beginning Adjusted Invested Amount
     N/A       700,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     21,202,570.62       15,921,269.96       5,281,300.66  
Collections of Principal Receivables
     256,384,497.03       192,522,258.87       63,862,238.16  
Defaulted Amount
     5,988,312.23       4,496,696.99       1,491,615.24  
 
                        
Ending Invested Amount / Transferor Amount
     901,289,985.31       700,000,000.00       201,289,985.31  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date            
     January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2731 %     0.3831 %     0.5231 %        
Monthly Interest Due
    141,906.21       17,879.40       29,295.28 18       189,080.89  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
    141,906.21       17,879.40       29,295.28       189,080.89  
Investor Default Amount
    3,754,741.99       337,252.27       404,702.73       4,496,696.99  
Investor Monthly Fees Due
    974,166.67       87,500.00       105,000.00       1,166,666.67  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
    4,870,814.87       442,631.67       538,998.01       5,852,444.55  
 
                                
Reallocated Investor Finance Charge Collections
                           15,482,520.11  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.9010 %
Base Rate
                             2.2091 %
Excess Spread Percentage
                             16.5087 %

 

 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     584,500,000.00       52,500,000.00       63,000,000.00       700,000,000.00  
Distributions of Interest
     141,906.21       17,879.40       29,295.28       189,080.89  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     141,906.21       17,879.40       29,295.28       189,080.89  
Ending Certificates Balance
     584,500,000.00       52,500,000.00       63,000,000.00       700,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.24  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.24  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.34  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.34  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 9,659,370.84  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 29,295.28  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 9,630,075.56  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 12,927,904.29  
 
        
a. Class A Monthly Interest:
   $ 141,906.21  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,754,741.99  
e. Excess Spread:
   $ 9,031,256.09  
 
        
2. Class B Available Funds:
   $ 1,161,189.01  
 
        
a. Class B Monthly Interest:
   $ 17,879.40  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,143,309.61  
 
        
3. Collateral Available Funds:
   $ 1,393,426.81  
 
        
a. Excess Spread:
   $ 1,393,426.81  
 
        
4. Total Excess Spread:
   $ 11,567,992.51  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2006-B Allocable Principal Collections:
   $ 256,384,497.03  
 
        
3. Principal Allocation Percentage of Series 2006-B Allocable Principal Collections:
   $ 192,522,258.87  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 192,522,258.87  
 
        
6. Shared Principal Collections from other Series allocated to Series 2006-B:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 4,496,696.99  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 197,018,955.86  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 63,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 63,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 197,018,955.86  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2006-B.
        
 
        
1. Excess Spread:
   $ 11,567,992.51  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 337,252.27  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 29,295.28  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,166,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 404,702.73  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 9,630,075.56  

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2006-B.
        
 
        
1. Excess Spread:
   $ 11,567,992.51  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 337,252.27  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 29,295.28  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,166,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 404,702.73  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 9,630,075.56  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2091 %
b. Prior Monthly Period:
     2.2705 %
 
        
c. Second Prior Monthly Period:
     2.4115 %
 
        
2. Three Month Average Base Rate:
     2.2970 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.9010 %
b. Prior Monthly Period:
     18.4774 %
c. Second Prior Monthly Period:
     16.7578 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7121 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
 
        

 

 

Series 2007-1 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     665,856,765.19       500,000,000.00       165,856,765.19  
Beginning Adjusted Invested Amount
     N/A       500,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     15,144,693.30       11,372,335.68       3,772,357.62  
Collections of Principal Receivables
     183,131,783.59       137,515,899.19       45,615,884.40  
Defaulted Amount
     4,277,365.88       3,211,926.43       1,065,439.45  
 
                        
Ending Invested Amount / Transferor Amount
     643,778,560.94       500,000,000.00       143,778,560.94  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date            
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2531 %     0.3431 %     0.5031 %        
Monthly Interest Due
     99,001.96       8,387.62       14,534.87       121,924.45  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     99,001.96       8,387.62       14,534.87       121,924.45  
Investor Default Amount
    2,826,495.26       176,655.95       208,775.22       3,211,926.43  
Investor Monthly Fees Due
    733,333.33       45,833.33       54,166.67       833,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
    3,658,830.55       230,876.90       277,476.76       4,167,184.21  
 
                                
Reallocated Investor Finance Charge Collections
                           11,045,809.61  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.8710 %
Base Rate
                             2.1792 %
Excess Spread Percentage
                             16.5087 %
 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     440,000,000.00       27,500,000.00       32,500,000.00       500,000,000.00  
Distributions of Interest
     99,001.96       8,387.62       14,534.87       121,924.45  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     99,001.96       8,387.62       14,534.87       121,924.45  
Ending Certificates Balance
     440,000,000.00       27,500,000.00       32,500,000.00       500,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.23  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.23  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.31  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.31  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 6,893,160.27  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 14,534.87  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 6,878,625.40  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 9,720,312.46  
 
        
a. Class A Monthly Interest:
   $ 99,001.96  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 2,826,495.26  
e.Excess Spread:
   $ 6,794,815.24  
 
        
2. Class B Available Funds:
   $ 607,519.53  
 
        
a. Class B Monthly Interest:
   $ 8,387.62  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 599,131.91  
 
        
3. Collateral Available Funds:
   $ 717,977.62  
 
        
a. Excess Spread:
   $ 717,977.62  
 
        
4. Total Excess Spread:
   $ 8,111,924.77  

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-1 Allocable Principal Collections:
   $ 183,131,783.59  
 
        
3. Principal Allocation Percentage of Series 2007-1 Allocable Principal Collections:
   $ 137,515,899.19  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 137,515,899.19  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-1:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,211,926.43  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 140,727,825.62  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 32,500,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 32,500,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 140,727,825.62  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  

 

 

         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-1.
        
 
        
1. Excess Spread:
   $ 8,111,924.77  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 176,655.95  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 14,534.87  
9. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 208,775.22  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-1.
        
 
        
1. Excess Spread:
   $ 8,111,924.77  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 176,655.95  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 14,534.87  
10. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 208,775.22  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  
 
        

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.1792 %
b. Prior Monthly Period:
     2.2405 %
c.Second Prior Monthly Period:
     2.3815 %
2. Three Month Average Base Rate:
     2.2671 %
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8710 %
b. Prior Monthly Period:
     18.4465 %
c. Second Prior Monthly Period:
     16.7288 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.6821 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2007-2 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     665,856,765.19       500,000,000.00       165,856,765.19  
Beginning Adjusted Invested Amount
     N/A       500,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     15,144,693.30       11,372,335.68       3,772,357.62  
Collections of Principal Receivables
     183,131,783.59       137,515,899.19       45,615,884.40  
Defaulted Amount
     4,277,365.88       3,211,926.43       1,065,439.45  
 
                        
Ending Invested Amount / Transferor Amount
     643,778,560.94       500,000,000.00       143,778,560.94  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2831 %     0.4131 %     0.5831 %        
Monthly Interest Due
     110,735.29       10,098.73       16,845.98       137,680.00  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     110,735.29       10,098.73       16,845.98       137,680.00  
Investor Default Amount
     2,826,495.26       176,655.95       208,775.22       3,211,926.43  
Investor Monthly Fees Due
     733,333.33       45,833.33       54,166.67       833,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     3,670,563.88       232,588.01       279,787.87       4,182,939.76  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Reallocated Investor Finance Charge Collections
                             11,061,565.16  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.9070 %
Base Rate
                             2.2151 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     440,000,000.00       27,500,000.00       32,500,000.00       500,000,000.00  
Distributions of Interest
     110,735.29       10,098.73       16,845.98       137,680.00  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     110,735.29       10,098.73       16,845.98       137,680.00  
Ending Certificates Balance
     440,000,000.00       27,500,000.00       32,500,000.00       500,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.25  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.25  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.37  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.37  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 6,895,471.38  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 16,845.98  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 6,878,625.40  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 9,734,177.34  
 
        
a. Class A Monthly Interest:
   $ 110,735.29  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 2,826,495.26  
e. Excess Spread:
   $ 6,796,946.79  
 
        
2. Class B Available Funds:
   $ 608,386.08  
 
        
a. Class B Monthly Interest:
   $ 10,098.73  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 598,287.35  
 
        
3. Collateral Available Funds:
   $ 719,001.74  
 
        
a. Excess Spread:
   $ 719,001.74  
 
        
4. Total Excess Spread:
   $ 8,114,235.88  

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-2 Allocable Principal Collections:
   $ 183,131,783.59  
 
        
3. Principal Allocation Percentage of Series 2007-2 Allocable Principal Collections:
   $ 137,515,899.19  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 137,515,899.19  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-2:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,211,926.43  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 140,727,825.62  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 32,500,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 32,500,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 140,727,825.62  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-2.
       
1. Excess Spread:
   $ 8,114,235.88  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 176,655.95  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 16,845.98  
9. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 208,775.22  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  
 
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-2.
        
1. Excess Spread:
   $ 8,114,235.88  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 176,655.95  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 16,845.98  
10. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 208,775.22  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2151 %
b. Prior Monthly Period:
     2.2764 %
 
        
c. Second Prior Monthly Period:
     2.4175 %
2. Three Month Average Base Rate:
     2.3030 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.9070 %
b. Prior Monthly Period:
     18.4836 %
c. Second Prior Monthly Period:
     16.7636 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7181 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2007-3 Certificates
                         
            Total Investor  
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    799,028,118.22       600,000,000.00       199,028,118.22  
Beginning Adjusted Invested Amount
    N/A       600,000,000.00       N/A  
Floating Allocation Percentage
    N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
    N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
    18,173,631.96       13,646,967.09       4,526,829.14  
Collections of Principal Receivables
    219,758,140.31       165,019,079.03       54,739,061.28  
Defaulted Amount
    5,132,839.06       3,854,311.71       1,278,527.35  
Ending Invested Amount / Transferor Amount
    772,534,273.12       600,000,000.00       172,534,273.12  

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     2,640,000.00       0.00       0.00       2,640,000.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     2,640,000.00       0.00       0.00       2,640,000.00  
Required Reserve Account Amount
     2,640,000.00       0.00       0.00       2,640,000.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2331 %     0.3231 %     0.4831 %        
Monthly Interest Due
     109,415.68       9,478.48       16,748.51       135,642.67  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     109,415.68       9,478.48       16,748.51       135,642.67  
Investor Default Amount
     3,391,794.31       211,987.14       250,530.26       3,854,311.71  
Investor Monthly Fees Due
     880,000.00       55,000.00       65,000.00       1,000,000.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     4,381,209.99       276,465.62       332,278.77       4,989,954.38  
 
                                
Reallocated Investor Finance Charge Collections
                             13,244,304.86  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             164.27  
Series Adjusted Portfolio Yield
                             17.8511 %
Base Rate
                             2.1589 %
Excess Spread Percentage
                             16.5090 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     528,000,000.00       33,000,000.00       39,000,000.00       600,000,000.00  
Distributions of Interest
     109,415.68       9,478.48       16,748.51       135,642.67  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     109,415.68       9,478.48       16,748.51       135,642.67  
Ending Certificates Balance
     528,000,000.00       33,000,000.00       39,000,000.00       600,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
    
 
        
1. The total amount of the distribution:
   $ 0.21  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.21  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  

 

 

         
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.29  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.29  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 8,271,263.25  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 16,748.51  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 8,254,514.74  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 11,655,132.83  
 
        
a. Class A Monthly Interest:
   $ 109,415.68  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,391,794.31  
e. Excess Spread:
   $ 8,153,922.84  
 
        
2. Class B Available Funds:
   $ 728,445.80  
 
        
a. Class B Monthly Interest:
   $ 9,478.48  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 718,967.32  
 
        
3. Collateral Available Funds:
   $ 860,890.49  
 
        
a. Excess Spread:
   $ 860,890.49  
 
        
4. Total Excess Spread:
   $ 9,733,780.65  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-3 Allocable Principal Collections:
   $ 219,758,140.31  
 
        
3. Principal Allocation Percentage of Series 2007-3 Allocable Principal Collections:
   $ 165,019,079.03  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 165,019,079.03  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-3:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,854,311.71  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 168,873,390.74  
 
        

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 39,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 39,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 168,873,390.74  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-3.
        
1. Excess Spread:
   $ 9,733,780.65  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 211,987.14  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 16,748.51  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 250,530.26  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,514.74  
 
        

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-3.
        
 
        
1. Excess Spread:
   $ 9,733,780.65  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 211,987.14  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 16,748.51  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 250,530.26  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,254,514.74  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.1589 %
b. Prior Monthly Period:
     2.2202 %
 
        
c. Second Prior Monthly Period:
     2.3613 %
2. Three Month Average Base Rate:
     2.2468 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8511 %
b. Prior Monthly Period:
     18.4259 %
c. Second Prior Monthly Period:
     16.7092 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.6621 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2007-4 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,065,370,824.30       800,000,000.00       265,370,824.30  
Beginning Adjusted Invested Amount
     N/A       800,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     24,231,509.28       18,195,737.09       6,035,772.19  
Collections of Principal Receivables
     293,010,853.75       220,025,438.70       72,985,415.05  
Defaulted Amount
     6,843,785.41       5,139,082.28       1,704,703.13  
 
                        
Ending Invested Amount / Transferor Amount
     1,030,045,697.50       800,000,000.00       230,045,697.50  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     3,520,000.00       0.00       0.00       3,520,000.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     3,520,000.00       0.00       0.00       3,520,000.00  
Required Reserve Account Amount
     3,520,000.00       0.00       0.00       3,520,000.00  
 
                                
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2231 %     0.3231 %     0.4931 %        
Monthly Interest Due
     139,629.80       12,637.97       22,793.56       175,061.33  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     139,629.80       12,637.97       22,793.56       175,061.33  
Investor Default Amount
     4,522,392.40       282,649.53       334,040.35       5,139,082.28  
Investor Monthly Fees Due
     1,173,333.33       73,333.33       86,666.67       1,333,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     5,835,355.53       368,620.83       443,500.58       6,647,476.94  
 
                                
Reallocated Investor Finance Charge Collections
                             17,653,277.58  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.8425 %
Base Rate
                             2.1506 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     704,000,000.00       44,000,000.00       52,000,000.00       800,000,000.00  
Distributions of Interest
     139,629.80       12,637.97       22,793.56       175,061.33  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     139,629.80       12,637.97       22,793.56       175,061.33  
Ending Certificates Balance
     704,000,000.00       44,000,000.00       52,000,000.00       800,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.20  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.20  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.29  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.29  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 7,508,594.20  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 22,793.56  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 7,485,800.64  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 15,534,884.27  
 
        
a. Class A Monthly Interest:
   $ 139,629.80  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 4,522,392.40  
e. Excess Spread:
   $ 10,872,862.07  
 
        
2. Class B Available Funds:
   $ 970,930.27  
 
        
a. Class B Monthly Interest:
   $ 12,637.97  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 958,292.30  
 
        
3. Collateral Available Funds:
   $ 1,147,463.04  
 
        
a. Excess Spread:
   $ 1,147,463.04  
 
        
4. Total Excess Spread:
   $ 12,978,617.41  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-4 Allocable Principal Collections:
   $ 293,010,853.75  
 
        
3. Principal Allocation Percentage of Series 2007-4 Allocable Principal Collections:
   $ 220,025,438.70  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 220,025,438.70  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-4:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 5,139,082.28  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 225,164,520.98  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 52,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 52,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 225,164,520.98  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  

 

 

         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-4.
        
1. Excess Spread:
   $ 12,978,617.41  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 282,649.53  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 22,793.56  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,333,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 334,040.35  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 3,520,000.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 7,485,800.64  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-4.
        
 
        
1. Excess Spread:
   $ 12,978,617.41  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 282,649.53  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 22,793.56  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,333,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 334,040.35  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 3,520,000.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 7,485,800.64  

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.1506 %
b. Prior Monthly Period:
     2.2120 %
 
        
c. Second Prior Monthly Period:
     2.3530 %
2. Three Month Average Base Rate:
     2.2385 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8425 %
b. Prior Monthly Period:
     18.4170 %
c. Second Prior Monthly Period:
     16.7013 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.6536 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2007-5 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     665,856,765.19       500,000,000.00       165,856,765.19  
Beginning Adjusted Invested Amount
     N/A       500,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     15,144,693.30       11,372,335.68       3,772,357.62  
Collections of Principal Receivables
     183,131,783.59       137,515,899.19       45,615,884.40  
Defaulted Amount
     4,277,365.88       3,211,926.43       1,065,439.45  
 
                        
Ending Invested Amount / Transferor Amount
     643,778,560.94       500,000,000.00       143,778,560.94  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2631 %     0.3831 %     0.5831 %        
Monthly Interest Due
     102,913.07       9,365.40       16,845.98       129,124.45  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     102,913.07       9,365.40       16,845.98       129,124.45  
Investor Default Amount
     2,826,495.26       176,655.95       208,775.22       3,211,926.43  
Investor Monthly Fees Due
     733,333.33       45,833.33       54,166.67       833,333.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     3,662,741.66       231,854.68       279,787.87       4,174,384.21  
 
                                
Reallocated Investor Finance Charge Collections
                             11,053,009.61  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.8875 %
Base Rate
                             2.1956 %
Excess Spread Percentage
                             16.5087 %
 
                                

 

 

                                 
C. Certificates — Balances and Distributions
   Class A   Class B   Collateral Interest   Total
 
                        
Beginning Certificates Balance
     440,000,000.00       27,500,000.00       32,500,000.00       500,000,000.00  
Distributions of Interest
     102,913.07       9,365.40       16,845.98       129,124.45  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     102,913.07       9,365.40       16,845.98       129,124.45  
Ending Certificates Balance
     440,000,000.00       27,500,000.00       32,500,000.00       500,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.23  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.23  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.34  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.34  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 6,895,471.38  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 16,845.98  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 6,878,625.40  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 9,726,648.46  
 
        
a. Class A Monthly Interest:
   $ 102,913.07  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 2,826,495.26  
e. Excess Spread:
   $ 6,797,240.13  
 
        
2. Class B Available Funds:
   $ 607,915.53  
 
        
a. Class B Monthly Interest:
   $ 9,365.40  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 598,550.13  
 
        
3. Collateral Available Funds:
   $ 718,445.62  
 
        
a. Excess Spread:
   $ 718,445.62  
 
        
4. Total Excess Spread:
   $ 8,114,235.88  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-5 Allocable Principal Collections:
   $ 183,131,783.59  
 
        
3. Principal Allocation Percentage of Series 2007-5 Allocable Principal Collections:
   $ 137,515,899.19  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 137,515,899.19  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-5:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,211,926.43  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 140,727,825.62  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 32,500,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 32,500,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 140,727,825.62  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-5.
        
1. Excess Spread:
   $ 8,114,235.88  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 176,655.95  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 16,845.98  
9. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 208,775.22  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-5.
        
 
        
1. Excess Spread:
   $ 8,114,235.88  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 176,655.95  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 16,845.98  
10. Applied to unpaid Monthly Servicing Fee:
   $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 208,775.22  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 6,878,625.40  
 
        

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
 
        
a. Current Monthly Period:
     2.1956 %
b. Prior Monthly Period:
     2.2569 %
 
        
c. Second Prior Monthly Period:
     2.3980 %
2. Three Month Average Base Rate:
     2.2835 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8875 %
b. Prior Monthly Period:
     18.4635 %
c. Second Prior Monthly Period:
     16.7447 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.6986 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2007-6 Certificates
                         
        Total Investor        
A. Investor/Transferor Allocations     Series Allocations     Interest       Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,331,713,530.37       1,000,000,000.00       331,713,530.37  
Beginning Adjusted Invested Amount
     N/A       1,000,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     30,289,386.60       22,744,671.36       7,544,715.24  
Collections of Principal Receivables
     366,263,567.18       275,031,798.38       91,231,768.80  
Defaulted Amount
     8,554,731.76       6,423,852.85       2,130,878.91  
 
                        
Ending Invested Amount / Transferor Amount
     1,287,557,121.87       1,000,000,000.00       287,557,121.87  
 
                        

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2331 %     0.3331 %     0.5131 %        
Monthly Interest Due
     182,359.47       16,286.36       29,647.51       228,293.34  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     182,359.47       16,286.36       29,647.51       228,293.34  
Investor Default Amount
     5,652,990.50       353,311.91       417,550.44       6,423,852.85  
Investor Monthly Fees Due
     1,466,666.67       91,666.67       108,333.33       1,666,666.67  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     7,302,016.64       461,264.94       555,531.28       8,318,812.86  
 
                                
Reallocated Investor Finance Charge Collections
                             22,076,063.66  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.8533 %
Base Rate
                             2.1614 %
Excess Spread Percentage
                             16.5087 %
 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     880,000,000.00       55,000,000.00       65,000,000.00       1,000,000,000.00  
Distributions of Interest
     182,359.47       16,286.36       29,647.51       228,293.34  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     182,359.47       16,286.36       29,647.51       228,293.34  
Ending Certificates Balance
     880,000,000.00       55,000,000.00       65,000,000.00       1,000,000,000.00  
 
                                
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.21  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.21  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  

 

 

         
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.30  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.30  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 13,786,898.31  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 29,647.51  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 13,757,250.80  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 19,426,936.02  
 
        
a. Class A Monthly Interest:
   $ 182,359.47  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 5,652,990.50  
e. Excess Spread:
   $ 13,591,586.05  
 
        
2. Class B Available Funds:
   $ 1,214,183.50  
 
        
a. Class B Monthly Interest:
   $ 16,286.36  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,197,897.14  
 
        
3. Collateral Available Funds:
   $ 1,434,944.14  
 
        
a. Excess Spread:
   $ 1,434,944.14  
 
        
4. Total Excess Spread:
   $ 16,224,427.33  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-6 Allocable Principal Collections:
   $ 366,263,567.18  
 
        
3. Principal Allocation Percentage of Series 2007-6 Allocable Principal Collections:
   $ 275,031,798.38  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
5. Item 3 minus item 4:
   $ 275,031,798.38  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-6:
   $ 0.00  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 29,647.51  

 

 

         
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 65,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 65,000,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 281,455,651.23  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-6.
        
1. Excess Spread:
   $ 16,224,427.33  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 353,311.91  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 29,647.51  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,666,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 417,550.44  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 13,757,250.80  

 

 

         
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-6.
        
 
        
1. Excess Spread:
   $ 16,224,427.33  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 353,311.91  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 29,647.51  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,666,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 417,550.44  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 13,757,250.80  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.1614 %
b. Prior Monthly Period:
     2.2228 %
 
        
c. Second Prior Monthly Period:
     2.3638 %
2. Three Month Average Base Rate:
     2.2493 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.8533 %
b. Prior Monthly Period:
     18.4281 %
c. Second Prior Monthly Period:
     16.7117 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.6644 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2007-7 Certificates
                         
        Total Investor      
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,198,542,177.34       900,000,000.00       298,542,177.34  
Beginning Adjusted Invested Amount
     N/A       900,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     27,260,447.94       20,470,204.23       6,790,243.71  
Collections of Principal Receivables
     329,637,210.47       247,528,618.54       82,108,591.93  
Defaulted Amount
     7,699,258.59       5,781,467.57       1,917,791.02  
 
                        
Ending Invested Amount / Transferor Amount
     1,158,801,409.68       900,000,000.00       258,801,409.68  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     0.2731 %     0.4031 %     0.6231 %        
Monthly Interest Due
     192,283.52       17,737.72       32,402.76       242,424.00  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     192,283.52       17,737.72       32,402.76       242,424.00  
Investor Default Amount
     5,087,691.46       317,980.72       375,795.39       5,781,467.57  
Investor Monthly Fees Due
     1,320,000.00       82,500.00       97,500.00       1,500,000.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     6,599,974.98       418,218.44       505,698.15       7,523,891.57  
 
                                
Reallocated Investor Finance Charge Collections
                             19,905,417.29  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             17.9001 %
Base Rate
                             2.2083 %
Excess Spread Percentage
                             16.5087 %
 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     792,000,000.00       49,500,000.00       58,500,000.00       900,000,000.00  
Distributions of Interest
     192,283.52       17,737.72       32,402.76       242,424.00  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     192,283.52       17,737.72       32,402.76       242,424.00  
Ending Certificates Balance
     792,000,000.00       49,500,000.00       58,500,000.00       900,000,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.24  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.24  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.36  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.36  
 
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 12,413,928.48  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 32,402.76  
 
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 12,381,525.72  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 17,516,767.22  
 
        
a. Class A Monthly Interest:
   $ 192,283.52  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 5,087,691.46  
e. Excess Spread:
   $ 12,236,792.24  
 
        
2. Class B Available Funds:
   $ 1,094,797.95  
 
        
a. Class B Monthly Interest:
   $ 17,737.72  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,077,060.23  
 
        
3. Collateral Available Funds:
   $ 1,293,852.12  
 
        
a. Excess Spread:
   $ 1,293,852.12  
 
        
4. Total Excess Spread:
   $ 14,607,704.59  

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-7 Allocable Principal Collections:
   $ 329,637,210.47  
 
        
3. Principal Allocation Percentage of Series 2007-7 Allocable Principal Collections:
   $ 247,528,618.54  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 247,528,618.54  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-7:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 5,781,467.57  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 253,310,086.11  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 58,500,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 58,500,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 253,310,086.11  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  

 

 

         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-7.
        
1. Excess Spread:
   $ 14,607,704.59  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 317,980.72  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 32,402.76  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,500,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 375,795.39  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 12,381,525.72  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-7.
        
 
        
1. Excess Spread:
   $ 14,607,704.59  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 317,980.72  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 32,402.76  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,500,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 375,795.39  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 12,381,525.72  

 

 

         
O. Yield and Base Rate.
        
1. Base Rate:
        
a. Current Monthly Period:
     2.2083 %
b. Prior Monthly Period:
     2.2696 %
 
        
c. Second Prior Monthly Period:
     2.4106 %
2. Three Month Average Base Rate:
     2.2962 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     17.9001 %
b. Prior Monthly Period:
     18.4766 %
c. Second Prior Monthly Period:
     16.7570 %
4. Three Month Average Series Adjusted Portfolio Yield:
     17.7112 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2007-8 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,598,056,236.45       1,200,000,000.00       398,056,236.45  
Beginning Adjusted Invested Amount
     N/A       1,200,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     36,347,263.92       27,293,605.64       9,053,658.28  
Collections of Principal Receivables
     439,516,280.62       330,038,158.05       109,478,122.57  
Defaulted Amount
     10,265,678.12       7,708,623.43       2,557,054.69  
 
                        
Ending Invested Amount / Transferor Amount
     1,545,068,546.25       1,200,000,000.00       345,068,546.25  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     0.5331 %     0.9331 %     1.5331 %        
Monthly Interest Due
     500,431.36       54,743.63       106,297.01       661,472.00  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     500,431.36       54,743.63       106,297.01       661,472.00  
Investor Default Amount
     6,783,588.62       423,974.29       501,060.52       7,708,623.43  
Investor Monthly Fees Due
     1,760,000.00       110,000.00       130,000.00       2,000,000.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     9,044,019.98       588,717.92       737,357.53       10,370,095.43  
 
                                
Reallocated Investor Finance Charge Collections
                             26,878,796.39  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             18.2216 %
Base Rate
                             2.5298 %
Excess Spread Percentage
                             16.5087 %

 

 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     1,056,000,000.00       66,000,000.00       78,000,000.00       1,200,000,000.00  
Distributions of Interest
     500,431.36       54,743.63       106,297.01       661,472.00  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     500,431.36       54,743.63       106,297.01       661,472.00  
Ending Certificates Balance
     1,056,000,000.00       66,000,000.00       78,000,000.00       1,200,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.47  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.47  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 0.83  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 0.83  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 16,614,997.97  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 106,297.01  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 16,508,700.96  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 23,653,340.82  
 
        
a. Class A Monthly Interest:
   $ 500,431.36  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 6,783,588.62  
e. Excess Spread:
   $ 16,369,320.84  
 
        
2. Class B Available Funds:
   $ 1,478,333.80  
 
        
a. Class B Monthly Interest:
   $ 54,743.63  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,423,590.17  
 
        
3. Collateral Available Funds:
   $ 1,747,121.77  
 
        
a. Excess Spread:
   $ 1,747,121.77  
 
        
4. Total Excess Spread:
   $ 19,540,032.78  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2007-8 Allocable Principal Collections:
   $ 439,516,280.62  
 
        
3. Principal Allocation Percentage of Series 2007-8 Allocable Principal Collections:
   $ 330,038,158.05  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 330,038,158.05  
 
        
6. Shared Principal Collections from other Series allocated to Series 2007-8:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 7,708,623.43  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 337,746,781.48  
 
        

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 78,000,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 78,000,000.00  
 
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 337,746,781.48  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-8.
        
 
        
1. Excess Spread:
   $ 19,540,032.78  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 423,974.29  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 106,297.01  
9. Applied to unpaid Monthly Servicing Fee:
   $ 2,000,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 501,060.52  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 16,508,700.96  
 
        

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-8.
        
 
        
1. Excess Spread:
   $ 19,540,032.78  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 423,974.29  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 106,297.01  
10. Applied to unpaid Monthly Servicing Fee:
   $ 2,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 501,060.52  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 16,508,700.96  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.5298 %
b. Prior Monthly Period:
     2.5911 %
 
        
c. Second Prior Monthly Period:
     2.7321 %
2. Three Month Average Base Rate:
     2.6177 %
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     18.2216 %
b. Prior Monthly Period:
     18.8088 %
c. Second Prior Monthly Period:
     17.0678 %
4. Three Month Average Series Adjusted Portfolio Yield:
     18.0327 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2008-1 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     3,828,676,399.82       2,875,000,000.00       953,676,399.82  
Beginning Adjusted Invested Amount
     N/A       2,875,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     87,081,986.47       65,390,930.17       21,691,056.30  
Collections of Principal Receivables
     1,053,007,755.65       790,716,420.34       262,291,335.31  
Defaulted Amount
     24,594,853.82       18,468,576.96       6,126,276.86  
 
                        
Ending Invested Amount / Transferor Amount
     3,701,726,725.38       2,875,000,000.00       826,726,725.38  

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
LIBOR Determination Date   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     0.6831 %     1.5831 %     2.7331 %        
Monthly Interest Due
     1,536,283.47       222,517.72       454,003.26       2,212,804.45  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     1,536,283.47       222,517.72       454,003.26       2,212,804.45  
Investor Default Amount
     16,252,347.73       1,015,771.73       1,200,457.50       18,468,576.96  
Investor Monthly Fees Due
     4,216,666.67       263,541.67       311,458.33       4,791,666.67  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     22,005,297.87       1,501,831.12       1,965,919.09       25,473,048.08  
 
                                
Reallocated Investor Finance Charge Collections
                             65,025,144.12  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             18.4708 %
Base Rate
                             2.7789 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     2,530,000,000.00       158,125,000.00       186,875,000.00       2,875,000,000.00  
Distributions of Interest
     1,536,283.47       222,517.72       454,003.26       2,212,804.45  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     1,536,283.47       222,517.72       454,003.26       2,212,804.45  
Ending Certificates Balance
     2,530,000,000.00       158,125,000.00       186,875,000.00       2,875,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.61  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.61  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        

 

 

         
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 1.41  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 1.41  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 40,006,099.31  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 454,003.26  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 39,552,096.05  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 57,222,126.83  
 
        
a. Class A Monthly Interest:
   $ 1,536,283.47  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 16,252,347.73  
e. Excess Spread:
   $ 39,433,495.63  
 
        
2. Class B Available Funds:
   $ 3,576,382.93  
 
        
a. Class B Monthly Interest:
   $ 222,517.72  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 3,353,865.21  
 
        
3. Collateral Available Funds:
   $ 4,226,634.37  
 
        
a. Excess Spread:
   $ 4,226,634.37  
 
        
4. Total Excess Spread:
   $ 47,013,995.21  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-1 Allocable Principal Collections:
   $ 1,053,007,755.65  
 
        
3. Principal Allocation Percentage of Series 2008-1 Allocable Principal Collections:
   $ 790,716,420.34  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
5. Item 3 minus item 4:
   $ 790,716,420.34  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-1:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 18,468,576.96  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 809,184,997.30  
 
        

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 186,875,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 186,875,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 809,184,997.30  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-1.
        
1. Excess Spread:
   $ 47,013,995.21  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 1,015,771.73  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 454,003.26  
9. Applied to unpaid Monthly Servicing Fee:
   $ 4,791,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 1,200,457.50  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 39,552,096.05  
 
        

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-1.
        
 
        
1. Excess Spread:
   $ 47,013,995.21  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 1,015,771.73  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 454,003.26  
10. Applied to unpaid Monthly Servicing Fee:
   $ 4,791,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 1,200,457.50  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 39,552,096.05  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     2.7789 %
b. Prior Monthly Period:
     2.8403 %
 
        
c. Second Prior Monthly Period:
     2.9813 %
2. Three Month Average Base Rate:
     2.8668 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     18.4708 %
b. Prior Monthly Period:
     19.0662 %
c. Second Prior Monthly Period:
     17.3086 %
4. Three Month Average Series Adjusted Portfolio Yield:
     18.2819 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2008-2 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,815,975,175.13       1,363,638,000.00       452,337,175.13  
Beginning Adjusted Invested Amount
     N/A       1,363,638,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     41,303,758.56       31,015,498.17       10,288,260.39  
Collections of Principal Receivables
     499,450,918.23       375,043,811.48       124,407,106.75  
Defaulted Amount
     11,665,557.31       8,759,809.86       2,905,747.45  
 
Ending Invested Amount / Transferor Amount
     1,755,761,818.55       1,363,638,000.00       392,123,818.55  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
LIBOR Determination Date   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     1.4931 %     3.9831 %     5.2331 %        
Monthly Interest Due
     1,592,672.00       265,545.54       412,310.17       2,270,527.71  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     1,592,672.00       265,545.54       412,310.17       2,270,527.71  
Investor Default Amount
     7,708,623.42       481,795.39       569,391.05       8,759,809.86  
Investor Monthly Fees Due
     2,000,000.00       125,001.67       147,728.33       2,272,730.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     11,301,295.42       872,342.60       1,129,429.55       13,303,067.57  
 
                                
Reallocated Investor Finance Charge Collections
                             32,062,977.53  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             19.4921 %
Base Rate
                             3.8002 %
Excess Spread Percentage
                             16.5087 %

 

 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     1,200,000,000.00       75,001,000.00       88,637,000.00       1,363,638,000.00  
Distributions of Interest
     1,592,672.00       265,545.54       412,310.17       2,270,527.71  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     1,592,672.00       265,545.54       412,310.17       2,270,527.71  
Ending Certificates Balance
     1,200,000,000.00       75,001,000.00       88,637,000.00       1,363,638,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.33  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.33  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 3.54  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 3.54  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 19,172,220.13  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 412,310.17  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 18,759,909.96  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 28,215,386.37  
 
        
a. Class A Monthly Interest:
   $ 1,592,672.00  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 7,708,623.42  
e. Excess Spread:
   $ 18,914,090.95  
 
        
2. Class B Available Funds:
   $ 1,763,485.16  
 
        
a. Class B Monthly Interest:
   $ 265,545.54  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,497,939.62  
 
3. Collateral Available Funds:
   $ 2,084,106.00  
 
        
a. Excess Spread:
   $ 2,084,106.00  
 
        
4. Total Excess Spread:
   $ 22,496,136.57  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-2 Allocable Principal Collections:
   $ 499,450,918.23  
 
        
3. Principal Allocation Percentage of Series 2008-2 Allocable Principal Collections:
   $ 375,043,811.48  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 375,043,811.48  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-2:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 8,759,809.86  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 383,803,621.34  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 88,637,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 88,637,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 383,803,621.34  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-2.
        
1. Excess Spread:
   $ 22,496,136.57  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 481,795.39  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 412,310.17  
9. Applied to unpaid Monthly Servicing Fee:
   $ 2,272,730.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 569,391.05  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 18,759,909.96  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-2.
        
 
        
1. Excess Spread:
   $ 22,496,136.57  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 481,795.39  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 412,310.17  
10. Applied to unpaid Monthly Servicing Fee:
   $ 2,272,730.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 569,391.05  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 18,759,909.96  

 

 

         
O. Yield and Base Rate.
        
1. Base Rate:
        
a. Current Monthly Period:
     3.8002 %
b. Prior Monthly Period:
     3.8616 %
 
        
c. Second Prior Monthly Period:
     4.0026 %
2. Three Month Average Base Rate:
     3.8881 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     19.4921 %
b. Prior Monthly Period:
     20.1216 %
c. Second Prior Monthly Period:
     18.2959 %
4. Three Month Average Series Adjusted Portfolio Yield:
     19.3032 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2008-4 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     809,623,231.07       607,956,000.00       201,667,231.07  
Beginning Adjusted Invested Amount
     N/A       607,956,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     18,414,614.32       13,827,759.42       4,586,854.90  
Collections of Principal Receivables
     222,672,133.25       167,207,232.01       55,464,901.24  
Defaulted Amount
     5,200,900.50       3,905,419.88       1,295,480.62  
 
Ending Invested Amount / Transferor Amount
     782,778,077.58       607,956,000.00       174,822,077.58  

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
LIBOR Determination Date   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     1.6331 %     4.4831 %     6.7331 %        
Monthly Interest Due
     776,644.04       133,250.58       236,515.41       1,146,410.03  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     776,644.04       133,250.58       236,515.41       1,146,410.03  
Investor Default Amount
     3,436,761.27       214,800.79       253,857.82       3,905,419.88  
Investor Monthly Fees Due
     891,666.67       55,730.00       65,863.33       1,013,260.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     5,105,071.98       403,781.37       556,236.56       6,065,089.91  
 
                                
Reallocated Investor Finance Charge Collections
                             14,428,893.08  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             19.7438 %
Base Rate
                             4.0519 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     535,000,000.00       33,438,000.00       39,518,000.00       607,956,000.00  
Distributions of Interest
     776,644.04       133,250.58       236,515.41       1,146,410.03  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     776,644.04       133,250.58       236,515.41       1,146,410.03  
Ending Certificates Balance
     535,000,000.00       33,438,000.00       39,518,000.00       607,956,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.45  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.45  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        

 

 

         
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 3.99  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 3.99  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 8,600,318.58  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 236,515.41  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 8,363,803.17  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 12,697,395.53  
 
        
a. Class A Monthly Interest:
   $ 776,644.04  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,436,761.27  
e. Excess Spread:
   $ 8,483,990.22  
 
        
2. Class B Available Funds:
   $ 793,599.09  
 
        
a. Class B Monthly Interest:
   $ 133,250.58  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 660,348.51  
 
        
3. Collateral Available Funds:
   $ 937,898.46  
 
        
a. Excess Spread:
   $ 937,898.46  
 
        
4. Total Excess Spread:
   $ 10,082,237.19  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-4 Allocable Principal Collections:
   $ 222,672,133.25  
 
        
3. Principal Allocation Percentage of Series 2008-4 Allocable Principal Collections:
   $ 167,207,232.01  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 167,207,232.01  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-4:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,905,419.88  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 171,112,651.89  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 39,518,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 39,518,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 171,112,651.89  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-4.
        
1. Excess Spread:
   $ 10,082,237.19  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 214,800.79  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 236,515.41  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,013,260.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 253,857.82  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,363,803.17  

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-4.
        
 
        
1. Excess Spread:
   $ 10,082,237.19  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 214,800.79  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 236,515.41  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,013,260.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 253,857.82  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,363,803.17  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     4.0519 %
b. Prior Monthly Period:
     4.1132 %
 
        
c. Second Prior Monthly Period:
     4.2543 %
2. Three Month Average Base Rate:
     4.1398 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     19.7438 %
b. Prior Monthly Period:
     20.3816 %
c. Second Prior Monthly Period:
     18.5391 %
4. Three Month Average Series Adjusted Portfolio Yield:
     19.5548 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2008-5 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,210,648,785.04       909,091,000.00       301,557,785.04  
Beginning Adjusted Invested Amount
     N/A       909,091,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     27,535,808.75       20,676,976.03       6,858,832.72  
Collections of Principal Receivables
     332,966,912.55       250,028,932.62       82,937,979.93  
Defaulted Amount
     7,777,029.65       5,839,866.81       1,937,162.84  
 
                        
Ending Invested Amount / Transferor Amount
     1,170,506,591.48       909,091,000.00       261,415,591.48  

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
LIBOR Determination Date   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     1.0331 %     2.3831 %     4.0331 %        
Monthly Interest Due
     734,670.22       105,916.89       211,841.50       1,052,428.61  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     734,670.22       105,916.89       211,841.50       1,052,428.61  
Investor Default Amount
     5,139,082.28       321,192.64       379,591.89       5,839,866.81  
Investor Monthly Fees Due
     1,333,333.33       83,333.33       98,485.00       1,515,151.66  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     7,207,085.83       510,442.86       689,918.39       8,407,447.08  
 
                                
Reallocated Investor Finance Charge Collections
                             20,914,039.96  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             18.9134 %
Base Rate
                             3.2215 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     800,000,000.00       50,000,000.00       59,091,000.00       909,091,000.00  
Distributions of Interest
     734,670.22       105,916.89       211,841.50       1,052,428.61  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     734,670.22       105,916.89       211,841.50       1,052,428.61  
Ending Certificates Balance
     800,000,000.00       50,000,000.00       59,091,000.00       909,091,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 0.92  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 0.92  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 2.12  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 2.12  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 12,718,434.37  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 211,841.50  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 12,506,592.87  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 18,404,353.32  
 
        
a. Class A Monthly Interest:
   $ 734,670.22  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 5,139,082.28  
e. Excess Spread:
   $ 12,530,600.82  
 
        
2. Class B Available Funds:
   $ 1,150,272.08  
 
        
a. Class B Monthly Interest:
   $ 105,916.89  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,044,355.19  
 
        
3. Collateral Available Funds:
   $ 1,359,414.55  
 
        
a. Excess Spread:
   $ 1,359,414.55  
 
        
4. Total Excess Spread:
   $ 14,934,370.56  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-5 Allocable Principal Collections:
   $ 332,966,912.55  
 
        
3. Principal Allocation Percentage of Series 2008-5 Allocable Principal Collections:
   $ 250,028,932.62  
 
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 250,028,932.62  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-5:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 5,839,866.81  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 255,868,799.43  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 59,091,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 59,091,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 255,868,799.43  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        

 

 

         
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-5.
 
1. Excess Spread:
   $ 14,934,370.56  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 321,192.64  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 211,841.50  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,515,151.66  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 379,591.89  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 12,506,592.87  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-5.
        
 
        
1. Excess Spread:
   $ 14,934,370.56  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 321,192.64  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 211,841.50  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,515,151.66  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 379,591.89  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 12,506,592.87  
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     3.2215 %
b. Prior Monthly Period:
     3.2828 %
 
        
c. Second Prior Monthly Period:
     3.4239 %
2. Three Month Average Base Rate:
     3.3094 %
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     18.9134 %
b. Prior Monthly Period:
     19.5236 %
c. Second Prior Monthly Period:
     17.7364 %
4. Three Month Average Series Adjusted Portfolio Yield:
     18.7245 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2008-6 Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     2,042,969,741.52       1,534,091,000.00       508,878,741.52  
Beginning Adjusted Invested Amount
     N/A       1,534,091,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     46,466,675.38       34,892,395.64       11,574,279.74  
Collections of Principal Receivables
     561,881,642.04       421,923,806.60       139,957,835.44  
Defaulted Amount
     13,123,737.00       9,854,774.85       3,268,962.15  
 
                        
Ending Invested Amount / Transferor Amount
     1,975,229,792.65       1,534,091,000.00       441,138,792.65  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date
   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     1.4331 %     3.2331 %     4.7331 %        
Monthly Interest Due
     1,719,756.00       242,484.75       419,527.81       2,381,768.56  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     1,719,756.00       242,484.75       419,527.81       2,381,768.56  
Investor Default Amount
     8,672,201.36       542,012.58       640,560.91       9,854,774.85  
Investor Monthly Fees Due
     2,250,000.00       140,625.00       166,193.33       2,556,818.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     12,641,957.36       925,122.33       1,226,282.05       14,793,361.74  
 
                                
Reallocated Investor Finance Charge Collections
                             35,898,236.37  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             19.3638 %
Base Rate
                             3.6719 %
Excess Spread Percentage
                            16.5087 %

 

 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     1,350,000,000.00       84,375,000.00       99,716,000.00       1,534,091,000.00  
Distributions of Interest
     1,719,756.00       242,484.75       419,527.81       2,381,768.56  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     1,719,756.00       242,484.75       419,527.81       2,381,768.56  
Ending Certificates Balance
     1,350,000,000.00       84,375,000.00       99,716,000.00       1,534,091,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.27  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.27  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
Series Adjusted Portfolio Yield
     19.3638 %
Base Rate
     3.6719 %
Excess Spread Percentage
    16.5087 %

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 2.87  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 2.87  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 21,524,402.43  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 419,527.81  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 21,104,874.62  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 31,590,446.13  
 
        
a. Class A Monthly Interest:
   $ 1,719,756.00  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 8,672,201.36  
e. Excess Spread:
   $ 21,198,488.77  
 
        
2. Class B Available Funds:
   $ 1,974,402.88  
 
        
a. Class B Monthly Interest:
   $ 242,484.75  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,731,918.13  
 
        
3. Collateral Available Funds:
   $ 2,333,387.35  
 
        
a. Excess Spread:
   $ 2,333,387.35  
 
        
4. Total Excess Spread:
   $ 25,263,794.25  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-6 Allocable Principal Collections:
   $ 561,881,642.04  
 
        
3. Principal Allocation Percentage of Series 2008-6 Allocable Principal Collections:
   $ 421,923,806.60  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 421,923,806.60  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-6:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 9,854,774.85  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 431,778,581.45  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 99,716,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 99,716,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 431,778,581.45  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-6.
        
1. Excess Spread:
   $ 25,263,794.25  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 542,012.58  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 419,527.81  
9. Applied to unpaid Monthly Servicing Fee:
   $ 2,556,818.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 640,560.91  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 21,104,874.62  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-6.
        
 
        
1. Excess Spread:
   $ 25,263,794.25  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 542,012.58  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 419,527.81  
10. Applied to unpaid Monthly Servicing Fee:
   $ 2,556,818.33  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 640,560.91  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 21,104,874.62  

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     3.6719 %
b. Prior Monthly Period:
     3.7333 %
 
        
c. Second Prior Monthly Period:
     3.8743 %
2. Three Month Average Base Rate:
     3.7598 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     19.3638 %
b. Prior Monthly Period:
     19.9890 %
c. Second Prior Monthly Period:
     18.1718 %
4. Three Month Average Series Adjusted Portfolio Yield:
     19.1749 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2008-7 Certificates
                         
        Total Investor      
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     794,489,638.51       596,592,000.00       197,897,638.51  
Beginning Adjusted Invested Amount
     N/A       596,592,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     18,070,405.73       13,569,288.98       4,501,116.75  
Collections of Principal Receivables
     218,509,914.07       164,081,770.66       54,428,143.41  
Defaulted Amount
     5,103,684.53       3,832,419.22       1,271,265.31  
 
                        
Ending Invested Amount / Transferor Amount
     768,146,278.45       596,592,000.00       171,554,278.45  

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date
   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 — February 15, 2010
     1.5331 %     3.4831 %     4.9831 %        
Monthly Interest Due
     715,460.67       101,592.84       171,769.60       988,823.11  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     715,460.67       101,592.84       171,769.60       988,823.11  
Investor Default Amount
     3,372,522.75       210,785.88       249,110.59       3,832,419.22  
Investor Monthly Fees Due
     875,000.00       54,688.33       64,631.67       994,320.00  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     4,962,983.42       367,067.05       485,511.86       5,815,562.33  
 
                                
Reallocated Investor Finance Charge Collections
                             14,023,028.10  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             19.4834 %
Base Rate
                             3.7916 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates — Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     525,000,000.00       32,813,000.00       38,779,000.00       596,592,000.00  
Distributions of Interest
     715,460.67       101,592.84       171,769.60       988,823.11  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     715,460.67       101,592.84       171,769.60       988,823.11  
Ending Certificates Balance
     525,000,000.00       32,813,000.00       38,779,000.00       596,592,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.36  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.36  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  

 

 

         
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 3.10  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 3.10  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 8,379,235.37  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 171,769.60  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 8,207,465.77  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 12,340,242.16  
 
        
a. Class A Monthly Interest:
   $ 715,460.67  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,372,522.75  
e. Excess Spread:
   $ 8,252,258.74  
 
        
2. Class B Available Funds:
   $ 771,276.89  
 
        
a. Class B Monthly Interest:
   $ 101,592.84  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 669,684.05  
 
        
3. Collateral Available Funds:
   $ 911,509.05  
 
        
a. Excess Spread:
   $ 911,509.05  
 
        
4. Total Excess Spread:
   $ 9,833,451.84  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-7 Allocable Principal Collections:
   $ 218,509,914.07  
 
        
3. Principal Allocation Percentage of Series 2008-7 Allocable Principal Collections:
   $ 164,081,770.66  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 164,081,770.66  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-7:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 3,832,419.22  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 167,914,189.88  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 38,779,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 38,779,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 167,914,189.88  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-7.
       
1. Excess Spread:
   $ 9,833,451.84  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 210,785.88  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 171,769.60  
9. Applied to unpaid Monthly Servicing Fee:
   $ 994,320.00  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 249,110.59  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,207,465.77  

 

 

         
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-7.
        
 
        
1. Excess Spread:
   $ 9,833,451.84  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 210,785.88  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 171,769.60  
10. Applied to unpaid Monthly Servicing Fee:
   $ 994,320.00  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 249,110.59  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to
   $ 8,207,465.77  
Collateral Interest Holder(s):
        
 
        
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     3.7916 %
b. Prior Monthly Period:
     3.8529 %
 
        
c. Second Prior Monthly Period:
     3.9939 %
2. Three Month Average Base Rate:
     3.8795 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     19.4834 %
b. Prior Monthly Period:
     20.1126 %
c. Second Prior Monthly Period:
     18.2875 %
4. Three Month Average Series Adjusted Portfolio Yield:
     19.2945 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes

 

 

Series 2008-8 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     983,652,886.93       738,637,000.00       245,015,886.93  
Beginning Adjusted Invested Amount
     N/A       738,637,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     22,372,861.65       16,800,055.82       5,572,805.83  
Collections of Principal Receivables
     270,535,822.47       203,148,662.46       67,387,160.01  
Defaulted Amount
     6,318,841.41       4,744,895.40       1,573,946.01  
Ending Invested Amount / Transferor Amount
     951,037,329.83       738,637,000.00       212,400,329.83  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     1.3331 %     3.4831 %     5.4831 %        
Monthly Interest Due
     770,252.89       125,779.69       234,005.37       1,130,037.95  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     770,252.89       125,779.69       234,005.37       1,130,037.95  
Investor Default Amount
     4,175,504.36       260,969.02       308,422.02       4,744,895.40  
Investor Monthly Fees Due
     1,083,333.33       67,708.33       80,020.00       1,231,061.66  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     6,029,090.58       454,457.04       622,447.39       7,105,995.01  
Reallocated Investor Finance Charge Collections
                             17,267,609.47  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             19.3379 %
Base Rate
                             3.6461 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     650,000,000.00       40,625,000.00       48,012,000.00       738,637,000.00  
Distributions of Interest
     770,252.89       125,779.69       234,005.37       1,130,037.95  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     770,252.89       125,779.69       234,005.37       1,130,037.95  
Ending Certificates Balance
     650,000,000.00       40,625,000.00       48,012,000.00       738,637,000.00  

 

 

         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.19  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.19  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 3.10  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 3.10  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 10,395,619.83  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 234,005.37  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 10,161,614.46  

 

 

         
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
        
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 15,195,483.24  
 
        
a. Class A Monthly Interest:
   $ 770,252.89  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 4,175,504.36  
e. Excess Spread:
   $ 10,249,725.99  
 
        
2. Class B Available Funds:
   $ 949,717.70  
 
        
a. Class B Monthly Interest:
   $ 125,779.69  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 823,938.01  
 
        
3. Collateral Available Funds:
   $ 1,122,408.53  
 
        
a. Excess Spread:
   $ 1,122,408.53  
 
        
4. Total Excess Spread:
   $ 12,196,072.53  

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-8 Allocable Principal Collections:
   $ 270,535,822.47  
 
        
3. Principal Allocation Percentage of Series 2008-8 Allocable Principal Collections:
   $ 203,148,662.46  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 203,148,662.46  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-8:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 4,744,895.40  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 207,893,557.86  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 48,012,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 48,012,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 207,893,557.86  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-8.
        
 
        
1. Excess Spread:
   $ 12,196,072.53  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 260,969.02  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 234,005.37  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,231,061.66  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 308,422.02  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 10,161,614.46  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-8.
        
 
        
1. Excess Spread:
   $ 12,196,072.53  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 260,969.02  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 234,005.37  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,231,061.66  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 308,422.02  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 10,161,614.46  

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     3.6461 %
b. Prior Monthly Period:
     3.7074 %
c. Second Prior Monthly Period:
     3.8484 %
2. Three Month Average Base Rate:
     3.7340 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     19.3379 %
b. Prior Monthly Period:
     19.9623 %
c. Second Prior Monthly Period:
     18.1469 %
4. Three Month Average Series Adjusted Portfolio Yield:
     19.1490 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2008-9 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     832,320,956.48       625,000,000.00       207,320,956.48  
Beginning Adjusted Invested Amount
     N/A       625,000,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     18,930,866.62       14,215,419.60       4,715,447.02  
Collections of Principal Receivables
     228,914,729.49       171,894,873.99       57,019,855.50  
Defaulted Amount
     5,346,707.35       4,014,908.03       1,331,799.32  
 
                        
Ending Invested Amount / Transferor Amount
     804,723,201.17       625,000,000.00       179,723,201.17  
                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
 
                                
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
LIBOR Determination Date
   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     1.8331 %     4.2331 %     5.9831 %        
Monthly Interest Due
     896,196.89       129,345.64       216,057.47       1,241,600.00  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     896,196.89       129,345.64       216,057.47       1,241,600.00  
Investor Default Amount
     3,533,119.07       220,819.94       260,969.02       4,014,908.03  
Investor Monthly Fees Due
     916,666.67       57,291.67       67,708.33       1,041,666.67  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     5,345,982.63       407,457.25       544,734.82       6,298,174.70  
Reallocated Investor Finance Charge Collections
                             14,896,456.45  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             19.8588 %
Base Rate
                             4.1670 %
Excess Spread Percentage
                             16.5087 %

 

 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     550,000,000.00       34,375,000.00       40,625,000.00       625,000,000.00  
Distributions of Interest
     896,196.89       129,345.64       216,057.47       1,241,600.00  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     896,196.89       129,345.64       216,057.47       1,241,600.00  
Ending Certificates Balance
     550,000,000.00       34,375,000.00       40,625,000.00       625,000,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.63  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.63  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  
 
        
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 3.76  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 3.76  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  

 

 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 8,814,339.22  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
   $ 216,057.47  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 8,598,281.75  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  
 
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 13,108,881.68  
 
        
a. Class A Monthly Interest:
   $ 896,196.89  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 3,533,119.07  
e. Excess Spread:
   $ 8,679,565.72  
2. Class B Available Funds:
   $ 819,305.10  
 
        
a. Class B Monthly Interest:
   $ 129,345.64  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 689,959.46  
 
        
3. Collateral Available Funds:
   $ 968,269.67  
 
        
a. Excess Spread:
   $ 968,269.67  
 
        
4. Total Excess Spread:
   $ 10,337,794.85  
 
        

 

 

         
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2008-9 Allocable Principal Collections:
   $ 228,914,729.49  
 
        
3. Principal Allocation Percentage of Series 2008-9 Allocable Principal Collections:
   $ 171,894,873.99  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 171,894,873.99  
 
        
6. Shared Principal Collections from other Series allocated to Series 2008-9:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 4,014,908.03  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 175,909,782.02  
 
        
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 40,625,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 40,625,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 175,909,782.02  

 

 

         
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N.1. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-9.
        
1. Excess Spread:
   $ 10,337,794.85  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 220,819.94  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
   $ 216,057.47  
9. Applied to unpaid Monthly Servicing Fee:
   $ 1,041,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 260,969.02  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,598,281.75  
 
        
N.2. Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-9.
        
 
        
1. Excess Spread:
   $ 10,337,794.85  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Funds from Series 2009-D-II
   $ 0.00  
4. Applied to fund Class A Required Amount:
   $ 0.00  
5. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
6. Applied to fund overdue Class B Interest:
   $ 0.00  
7. Applied to fund Class B Required Amount:
   $ 220,819.94  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
   $ 216,057.47  
10. Applied to unpaid Monthly Servicing Fee:
   $ 1,041,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
   $ 260,969.02  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
13. Deposited to Reserve Account:
   $ 0.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 8,598,281.75  

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     4.1670 %
b. Prior Monthly Period:
     4.2283 %
 
        
c. Second Prior Monthly Period:
     4.3693 %
2. Three Month Average Base Rate:
     4.2549 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     19.8588 %
b. Prior Monthly Period:
     20.5005 %
c. Second Prior Monthly Period:
     18.6504 %
4. Three Month Average Series Adjusted Portfolio Yield:
     19.6699 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2009-1 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     1,614,199,267.86       1,212,122,000.00       402,077,267.86  
Beginning Adjusted Invested Amount
     N/A       1,212,122,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     36,714,431.86       27,569,316.54       9,145,115.32  
Collections of Principal Receivables
     443,956,127.58       333,372,093.51       110,584,034.07  
Defaulted Amount
     10,369,378.57       7,786,493.37       2,582,885.20  
 
                        
Ending Invested Amount / Transferor Amount
     1,560,676,313.68       1,212,122,000.00       348,554,313.68  
                                 

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date
   January 13, 2010     January 13, 2010     January 13, 2010          
Coupon January 15, 2010 - February 15, 2010
     1.5831 %     6.2331 %     13.7333 %        
Monthly Interest Due
     1,407,226.67       402,948.31       1,701,641.47       3,511,816.45  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     1,407,226.67       402,948.31       1,701,641.47       3,511,816.45  
Investor Default Amount
     6,423,852.85       467,187.55       895,452.97       7,786,493.37  
Investor Monthly Fees Due
     1,666,666.67       121,211.67       232,325.00       2,020,203.34  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     9,497,746.19       991,347.53       2,829,419.44       13,318,513.16  
 
                                
Reallocated Investor Finance Charge Collections
                             29,993,979.51  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             20.8976 %
Base Rate
                             4.1800 %
Excess Spread Percentage
                             17.5878 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     1,000,000,000.00       72,727,000.00       139,395,000.00       1,212,122,000.00  
Distributions of Interest
     1,407,226.67       402,948.31       1,701,641.47       3,511,816.45  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     1,407,226.67       402,948.31       1,701,641.47       3,511,816.45  
Ending Certificates Balance
     1,000,000,000.00       72,727,000.00       139,395,000.00       1,212,122,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.41  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.41  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  

 

 

         
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 5.54  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 5.54  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 18,377,107.82  
 
        
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest, including Collateral Senior Minimum Monthly Interest:
   $ 1,701,641.47  
 
        
3. The amount of the distribution in respect of Collateral Additional Interest, including Collateral Senior Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 16,675,466.35  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 24,745,017.01  
 
        
a. Class A Monthly Interest:
   $ 1,407,226.67  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 6,423,852.85  
e. Excess Spread:
   $ 16,913,937.49  
 
        
2. Class B Available Funds:
   $ 1,799,630.85  
 
        
a. Class B Monthly Interest:
   $ 402,948.31  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,396,682.54  
 
        
3. Collateral Available Funds:
   $ 3,449,331.65  
 
        
a. Excess Spread:
   $ 3,449,331.65  
 
        
4. Total Excess Spread:
   $ 21,759,951.68  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2009-1 Allocable Principal Collections:
   $ 443,956,127.58  
 
        
3. Principal Allocation Percentage of Series 2009-1 Allocable Principal Collections:
   $ 333,372,093.51  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 333,372,093.51  
 
        
6. Shared Principal Collections from other Series allocated to Series 2009-1:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 7,786,493.37  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 341,158,586.88  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 139,395,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 139,395,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 341,158,586.88  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2009-1.
        
1. Excess Spread:
   $ 21,759,951.68  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 467,187.55  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Senior Minimum Monthly Interest:
   $ 611,606.32  
9. Applied to unpaid Monthly Servicing Fee:
   $ 2,020,203.34  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 895,452.97  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Applied to Collateral Minimum Monthly Interest, excluding amount applied to Collateral Senior Minimum Monthly Interest(s):
   $ 1,090,035.15  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 16,675,466.35  
 
        

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     4.1800 %
b. Prior Monthly Period:
     4.2413 %
c. Second Prior Monthly Period:
     4.3820 %
2. Three Month Average Base Rate:
     4.2678 %
 
        
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     20.8976 %
b. Prior Monthly Period:
     21.5739 %
c. Second Prior Monthly Period:
     19.6545 %
4. Three Month Average Series Adjusted Portfolio Yield:
     20.7087 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
   Yes
Series 2009-2 Certificates
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
     2,017,752,414.11       1,515,155,000.00       502,597,414.11  
Beginning Adjusted Invested Amount
     N/A       1,515,155,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     45,893,115.55       34,461,702.54       11,431,413.01  
Collections of Principal Receivables
     554,946,075.14       416,715,804.48       138,230,270.66  
Defaulted Amount
     12,961,744.60       9,733,132.77       3,228,611.83  
 
                        
Ending Invested Amount / Transferor Amount
     1,950,848,610.99       1,515,155,000.00       435,693,610.99  

 

 

                                 
B. Monthly Period Funding Requirements   Class A     Class B     Collateral Interest     Total  
Principal Funding Account Balance
     0.00       0.00       0.00       0.00  
Investment Proceeds for Monthly Period
     0.00       0.00       0.00       0.00  
Reserve Account Opening Balance
     0.00       0.00       0.00       0.00  
Reserve Account Investment Proceeds retained per Section 4.12(b)
     0.00       0.00       0.00       0.00  
Reserve Account Deposit
     0.00       0.00       0.00       0.00  
Reserve Draw Amount
     0.00       0.00       0.00       0.00  
Reserve Account Surplus
     0.00       0.00       0.00       0.00  
Reserve Account Closing Balance
     0.00       0.00       0.00       0.00  
 
Required Reserve Account Amount
     0.00       0.00       0.00       0.00  
 
                                
LIBOR Determination Date
   January 13, 2010   January 13, 2010   January 13, 2010        
Coupon January 15, 2010 - February 15, 2010
     1.4831 %     3.7331 %     5.4831 %        
Monthly Interest Due
     1,647,922.22       301,636.90       480,005.38       2,429,564.50  
Outstanding Monthly Interest Due
     0.00       0.00       0.00       0.00  
Additional Interest Due
     0.00       0.00       0.00       0.00  
Total Interest Due
     1,647,922.22       301,636.90       480,005.38       2,429,564.50  
Investor Default Amount
     8,029,816.07       583,928.22       1,119,388.48       9,733,132.77  
Investor Monthly Fees Due
     2,083,333.33       151,500.00       290,425.00       2,525,258.33  
Investor Additional Amounts Due
     0.00       0.00       0.00       0.00  
Total Due
     11,761,071.62       1,037,065.12       1,889,818.86       14,687,955.60  
 
                                
Reallocated Investor Finance Charge Collections
                             35,532,322.93  
Interest and Principal Funding Investment Proceed
                             0.00  
Interest on Reserve Account
                             0.00  
Series Adjusted Portfolio Yield
                             19.4219 %
Base Rate
                             3.7300 %
Excess Spread Percentage
                             16.5087 %
                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
     1,250,000,000.00       90,900,000.00       174,255,000.00       1,515,155,000.00  
Distributions of Interest
     1,647,922.22       301,636.90       480,005.38       2,429,564.50  
Deposits to the Principal Funding Account
     0.00       0.00       0.00       0.00  
Distributions of Principal
     0.00       0.00       0.00       0.00  
Total Distributions
     1,647,922.22       301,636.90       480,005.38       2,429,564.50  
Ending Certificates Balance
     1,250,000,000.00       90,900,000.00       174,255,000.00       1,515,155,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution:
   $ 1.32  
 
        
2. The amount of the distribution in respect of Class A Monthly Interest:
   $ 1.32  
 
        
3. The amount of the distribution in respect of Class A Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class A Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class A Certificates:
   $ 0.00  

 

 

         
E. Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.
        
 
        
1. The total amount of Class A Investor Charge-Offs:
   $ 0.00  
 
        
2. The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
3. The total amount reimbursed in respect of Class A Investor Charge-Offs:
   $ 0.00  
 
        
4. The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
F. Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.
        
 
        
1. The total amount of the distribution in respect of Class B Certificates:
   $ 3.32  
 
        
2. The amount of the distribution in respect of Class B Monthly Interest:
   $ 3.32  
 
        
3. The amount of the distribution in respect of Class B Outstanding Monthly Interest:
   $ 0.00  
 
        
4. The amount of the distribution in respect of Class B Additional Interest:
   $ 0.00  
 
        
5. The amount of the distribution in respect of principal of the Class B Certificates:
   $ 0.00  
 
        

 

 

         
G. Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.
        
 
        
1. The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount:
   $ 0.00  
 
        
2. The amount of reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
3. The total amount reimbursed in respect of such reductions in the Class B Invested Amount:
   $ 0.00  
 
        
4. The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:
   $ 0.00  
 
        
5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:
   $ 0.00  
 
        
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
        
 
        
1. The total amount distributed to the Collateral Interest Holder:
   $ 21,324,372.71  
 
        
2. The amount of the distribution in respect of Collateral Senior Minimum Monthly Interest:
   $ 480,005.38  
 
        
3. The amount of the distribution in respect of Collateral Senior Additional Interest:
   $ 0.00  
 
        
4. The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:
   $ 0.00  
 
        
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
   $ 20,844,367.33  
 
        
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.
        
 
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount:
   $ 0.00  
 
        
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:
   $ 0.00  

 

 

         
J. Application of Reallocated Investor Finance Charge Collections.
        
 
        
1. Class A Available Funds:
   $ 29,314,098.99  
 
        
a. Class A Monthly Interest:
   $ 1,647,922.22  
b. Class A Outstanding Monthly Interest:
   $ 0.00  
c. Class A Additional Interest:
   $ 0.00  
d. Class A Investor Default Amount (treated as Available Principal Collections):
   $ 8,029,816.07  
e. Excess Spread:
   $ 19,636,360.70  
 
        
2. Class B Available Funds:
   $ 2,131,721.28  
 
        
a. Class B Monthly Interest:
   $ 301,636.90  
b. Class B Outstanding Monthly Interest:
   $ 0.00  
c. Class B Additional Interest:
   $ 0.00  
d. Excess Spread:
   $ 1,830,084.38  
 
        
3. Collateral Available Funds:
   $ 4,086,502.66  
 
        
a. Excess Spread:
   $ 4,086,502.66  
 
        
4. Total Excess Spread:
   $ 25,552,947.74  
 
        
K. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2009-2 Allocable Principal Collections:
   $ 554,946,075.14  
 
        
3. Principal Allocation Percentage of Series 2009-2 Allocable Principal Collections:
   $ 416,715,804.48  
 
        
4. Reallocated Principal Collections Required to fund the Required Amount:
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 416,715,804.48  
 
        
6. Shared Principal Collections from other Series allocated to Series 2009-2:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 9,733,132.77  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 426,448,937.25  

 

 

         
L. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Collateral Invested Amount:
   $ 174,255,000.00  
 
        
2. Required Collateral Invested Amount:
   $ 174,255,000.00  
 
        
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 426,448,937.25  
 
        
M. Application of Principal Collections During Accumulation or Amortization Period.
        
 
        
1. Principal Funding Account:
   $ 0.00  
 
        
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
   $ 0.00  
 
        
3. Distribution of Principal:
   $ 0.00  
 
        
4. Treated as Shared Principal Collections:
   $ 0.00  
 
        
N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2009-2.
        
1. Excess Spread:
   $ 25,552,947.74  
2. Excess Finance Charge Collections:
   $ 0.00  
3. Applied to fund Class A Required Amount:
   $ 0.00  
4. Class A Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
5. Applied to fund overdue Class B Interest:
   $ 0.00  
6. Applied to fund Class B Required Amount:
   $ 583,928.22  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
   $ 0.00  
8. Applied to Collateral Senior Minimum Monthly Interest:
   $ 480,005.38  
9. Applied to unpaid Monthly Servicing Fee:
   $ 2,525,258.33  
10. Collateral Default Amount treated as Available Principal Collections:
   $ 1,119,388.48  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
   $ 0.00  
12. Deposited to Reserve Account:
   $ 0.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
   $ 20,844,367.33  

 

 

         
O. Yield and Base Rate.
        
 
        
1. Base Rate:
        
a. Current Monthly Period:
     3.7300 %
b. Prior Monthly Period:
     3.7914 %
c. Second Prior Monthly Period:
     3.9321 %
 
        
2. Three Month Average Base Rate:
     3.8178 %
3. Series Adjusted Portfolio Yield:
        
a. Current Monthly Period:
     19.4219 %
b. Prior Monthly Period:
     20.0490 %
c. Second Prior Monthly Period:
     18.2277 %
4. Three Month Average Series Adjusted Portfolio Yield:
     19.2329 %
 
        
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
     Yes  
 
        
P. Reassignment Amount 1. Adjusted Invested Amount:
   $ 1,515,155,000.00  
2. Monthly Interest:
   $ 3,455,532.73  
3. Monthly Interest previously due but not paid:
   $ 0.00  
4. Additional Interest:
   $ 0.00  
5. Additional Interest previously due but not paid:
   $ 0.00  
6. Reassignment Amount:
   $ 1,518,610,532.73  
Series 2009-D-I Certificates
                         
            Total Investor    
A. Investor/Transferor Allocations   Series Allocations   Interest   Transferors’ Interest
Beginning Invested Amount/Transferor Amount
     27,744,919.69       20,834,000.00       6,910,919.69  
Beginning Adjusted Invested Amount
     N/A       20,834,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     631,049.08       473,862.48       157,186.60  
Collections of Principal Receivables
     7,630,735.16       5,730,012.49       1,900,722.67  
Defaulted Amount
     178,229.28       133,834.55       44,394.73  
 
                        
Ending Invested Amount / Transferor Amount
     26,824,965.08       20,834,000.00       5,990,965.08  
 
                        
                         
B. Monthly Period Funding Requirements            
LIBOR Determination Date
                     January 13, 2010  
Coupon January 15, 2010 - February 15, 2010
                     18.9831 %
Monthly Interest Due
                     351,550.69  
Outstanding Monthly Interest Due
                     0.00  
Additional Interest Due
                     0.00  

 

 

         
B. Monthly Period Funding Requirements  
Total Interest Due
     351,550.69  
Investor Default Amount
     133,834.55  
Investor Monthly Fees Due
     34,723.33  
Investor Additional Amounts Due
     0.00  
Total Due
     520,108.57  
 
        
Investor Finance Charge Collections
     473,862.48  
         
C. Certificates - Balances and Distributions        
Beginning Certificates Balance
     20,834,000.0  
Distributions of Interest
     351,550.69  
Distributions of Principal
     0.00  
Total Distributions
     351,550.69  
Ending Certificates Balance
     20,834,000.00  
D. Information regarding distributions on the Distribution Date in respect of the Series 2009-D-I Certificates per $1,000 certificate principal amount
        
 
        
(1) The total amount of the distribution
   $ 16.87  
 
        
(2) The amount of the distribution in respect of Monthly Interest
   $ 16.87  
 
        
(3) The amount of the distribution in respect of Outstanding Monthly Interest
   $ 0.00  
 
        
(4) The amount of the distribution in respect of Additional Interest
   $ 0.00  
 
        
(5) The amount of the distribution in respect of principal of the Series 2009-D-I Certificates
   $ 0.00  
 
        
E. Amount of reductions in the Scheduled Partial Amortization Amounts pursuant to clauses (c) and (d) of the definition of Scheduled Partial Amortization Amount on such Distribution Date
        
 
        
(1) The amount of the aggregate reductions in the Scheduled Partial Amortization Amounts per $1,000 certificate principal amount
   $ 0.00  
 
        
(2) The aggregate amount reimbursed in respect of such reductions in the Scheduled Partial Amortization Amounts per $1,000 certificate principal amount
   $ 0.00  
(3) The amount, if any, by which the outstanding principal balance of the Series 2009-D-I Certificates exceeds the Invested Amount after giving effect to all transactions on such Distribution Date
   $ 0.00  

 

 

F. Scheduled Partial Amortization Amounts/ Series 2009-D-I Invested Amount
                                                 
    Beginning                   Reallocated           Ending
    Scheduled Partial           Pro rata share   Principal           Scheduled Partial
Referenced   Amortization   Distributions of   of Investor   Collections           Amortization
Series   Amount   Principal   Charge-Offs   Applied   Reimbursements   Amount
2006-2
     20,834,000.00       0.00       0.00       0.00       0.00       20,834,000.00  
 
                                                
Series 2009-D-I Invested Amount
     20,834,000.00       0.00       0.00       0.00       0.00       20,834,000.00  
         
G. Application of Investor Finance Charge Collections.
        
 
        
1. Available Funds
   $ 473,862.48  
 
        
a. Monthly Servicing Fee
   $ 0.00  
b. Aggregate application of Referenced Series shortfall Coverage Amounts
   $ 0.00  
c. Investor Default Amount (treated as Available Principal Collections):
   $ 133,834.55  
d. Monthly Interest
   $ 340,027.93  
e. Outstanding Monthly Interest
   $ 0.00  
f. Additional Interest
   $ 0.00  
 
        
2. Excess Spread:
   $ 0.00  
 
        
H. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2009-D-I Allocable Principal Collections:
   $ 7,630,735.16  
 
        
3. Principal Allocation Percentage of Series 2009-D-I Allocable Principal Collections:
   $ 5,730,012.49  
 
        
4. Aggregate amount of Reallocated Principal Collections required to fund the Referenced Series Adjusted Shortfalls
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 5,730,012.49  
 
        
6. Shared Principal Collections from other Series allocated to Series 2009-D-I:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 133,834.55  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 5,863,847.04  

 

 

         
I. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Treated as Shared Principal Collections:
   $ 5,863,847.04  
 
        
J. Application of Principal Collections During Scheduled Partial Amortization Period or Early Amortization Period.
        
 
        
1. Retained during an Early Amortization Period
   $ 0.00  
 
        
2. Aggregate application to fund Scheduled Partial Amortization Amounts during a Scheduled Partial Amortization Period
   $ 0.00  
 
        
3. Treated as Shared Principal Collections:
   $ 0.00  
 
        
K. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2009-D-I.
        
 
        
1. Excess Spread:
   $ 0.00  
 
        
2. Excess Finance Charge Collections:
   $ 46,246.09  
 
        
3. Applied to fund Required Amount:
   $ 11,522.76  
 
        
4. Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
 
        
5. Applied to unpaid Monthly Servicing Fee:
   $ 34,723.33  
 
        
6. Aggregate reimbursement of reductions of Scheduled Partial Amortization Amounts treated as Available Principal Collections
   $ 0.00  
 
        
7. Applied to fund Series 2009-D-II Shortfall
   $ 0.00  
 
        
8. Remaining Excess Spread distributed to Holders of Transferor Certificate
   $ 0.00  
 
        
L. Amounts and Applications Relating to the Referenced Series
        
                                         
            Referenced   Allocable   Applied to fund   Reimbursements of
Relating   Referenced   Series   portion of   Scheduled   reductions of
to   Series   Shortfall   Reallocated   Partial   Scheduled Partial
Referenced   Adjusted   Coverage   Principal   Amortization   Amortization
Series   Shortfall   Amount   Collections   Amount   Amount
2006-2
     0.00       0.00       0.00       0.00       0.00  

 

 

         
M. Application of Funds from Series 2009-D-II:
        
 
        
1. Applied under Section 4.05
        
 
        
a. Shortfalls in Monthly Servicing Fee
   $ 0.00  
 
        
b. Shortfalls in Investor Default Amount (treated as Available Principal Collections)
   $ 0.00  
 
        
c. Shortfalls in Monthly Interest, Outstanding Monthly Interest and Additional Interest
   $ 0.00  
 
        
2. Applied under Section 4.07
        
 
        
a. Shortfalls in Investor Charge-offs treated as Available Principal Collections
   $ 0.00  
 
        
b. Shortfalls in unpaid Monthly Servicing Fee
   $ 0.00  
 
        
c. Shortfalls in reimbursements of reductions of Scheduled Partial Amortization Amounts treated as Available Principal Collections
   $ 0.00  
Series 2009-D-II Certificates
                         
            Total Investor    
A. Investor/Transferor Allocations   Series Allocations   Interest   Transferors’ Interest
Beginning Invested Amount/Transferor Amount
     1,895,596,995.40       1,423,427,000.00       472,169,995.40  
Beginning Adjusted Invested Amount
     N/A       1,423,427,000.00       N/A  
Floating Allocation Percentage
     N/A       75.0912 %     24.9088 %
Principal Allocation Percentage
     N/A       75.0912 %     24.9088 %
Collections of Finance Charge Receivables
     43,114,730.70       32,375,379.33       10,739,351.37  
Collections of Principal Receivables
     521,349,450.65       391,487,687.67       129,861,762.98  
Defaulted Amount
     12,177,036.17       9,143,885.60       3,033,150.57  
 
                        
Ending Invested Amount / Transferor Amount
     1,832,743,571.31       1,423,427,000.00       409,316,571.31  
                         
B. Monthly Period Funding Requirements                        
LIBOR Determination Date
                     January 13, 2010  
Coupon January 15, 2010 - February 15, 2010
                     20.2331 %
Monthly Interest Due
                     25,600,340.92  
Outstanding Monthly Interest Due
                     0.00  
Additional Interest Due
                     0.00  
Total Interest Due
                     25,600,340.92  
Investor Default Amount
                     9,143,885.60  
Investor Monthly Fees Due
                     2,372,378.33  
Investor Additional Amounts Due
                     0.00  
Total Due
                     37,116,604.85  
 
                        
Investor Finance Charge Collections
                     32,375,379.33  

 

 

                         
C. Certificates - Balances and Distributions                        
Beginning Certificates Balance
                    1,423,427,000.00  
Distributions of Interest
                    25,600,340.92  
Distributions of Principal
                    0.00  
Total Distributions
                    25,600,340.92  
 
                        
Ending Certificates Balance
                    1,423,427,000.00  
         
D. Information regarding distributions on the Distribution Date in respect of the Series 2009-D-II Certificates per $1,000 certificate principal amount
        
 
        
(1) The total amount of the distribution
   $ 17.99  
 
        
(2) The amount of the distribution in respect of Monthly Interest
   $ 17.99  
 
        
(3) The amount of the distribution in respect of Outstanding Monthly Interest
   $ 0.00  
 
        
(4) The amount of the distribution in respect of Additional Interest
   $ 0.00  
 
        
(5) The amount of the distribution in respect of principal of the Series 2009-D-II Certificates
   $ 0.00  
 
        
E. Amount of reductions in the Scheduled Partial Amortization Amounts pursuant to clauses (c) and (d) of the definition of Scheduled Partial Amortization Amount on such Distribution Date
        
 
        
(1) The amount of the aggregate reductions in the Scheduled Partial Amortization Amounts per $1,000 certificate  principal amount
   $ 0.00  
 
        
(2) The aggregate amount reimbursed in respect of such reductions in the Scheduled Partial Amortization Amounts per  $1,000 certificate principal amount
   $ 0.00  
(3) The amount, if any, by which the outstanding principal balance of the Series 2009-D-II Certificates exceeds the  Invested Amount after giving effect to all transactions on such Distribution Date
   $ 0.00  

 

 

F. Scheduled Partial Amortization Amounts/ Series 2009-D-II Invested Amount
                                                 
    Beginning                   Reallocated           Ending
    Scheduled Partial           Pro rata share   Principal           Scheduled Partial
Referenced   Amortization   Distributions of   of Investor   Collections           Amortization
Series   Amount   Principal   Charge-Offs   Applied   Reimbursements   Amount
2004-2
    17,500,000.00       0.00       0.00       0.00       0.00       17,500,000.00  
2005-1
    26,250,000.00       0.00       0.00       0.00       0.00       26,250,000.00  
2005-2
    26,250,000.00       0.00       0.00       0.00       0.00       26,250,000.00  
2005-4
    21,875,000.00       0.00       0.00       0.00       0.00       21,875,000.00  
2005-5
    48,125,000.00       0.00       0.00       0.00       0.00       48,125,000.00  
2005-7
    30,625,000.00       0.00       0.00       0.00       0.00       30,625,000.00  
2005-8
    21,875,000.00       0.00       0.00       0.00       0.00       21,875,000.00  
2006-1
    43,750,000.00       0.00       0.00       0.00       0.00       43,750,000.00  
2006-3
    26,250,000.00       0.00       0.00       0.00       0.00       26,250,000.00  
2006-B
    30,625,000.00       0.00       0.00       0.00       0.00       30,625,000.00  
2007-1
    33,334,000.00       0.00       0.00       0.00       0.00       33,334,000.00  
2007-2
    33,334,000.00       0.00       0.00       0.00       0.00       33,334,000.00  
2007-3
    40,000,000.00       0.00       0.00       0.00       0.00       40,000,000.00  
2007-4
    53,334,000.00       0.00       0.00       0.00       0.00       53,334,000.00  
2007-5
    33,334,000.00       0.00       0.00       0.00       0.00       33,334,000.00  
2007-6
    66,667,000.00       0.00       0.00       0.00       0.00       66,667,000.00  
2007-7
    60,000,000.00       0.00       0.00       0.00       0.00       60,000,000.00  
2007-8
    80,000,000.00       0.00       0.00       0.00       0.00       80,000,000.00  
2008-1
    191,667,000.00       0.00       0.00       0.00       0.00       191,667,000.00  
2008-2
    90,908,000.00       0.00       0.00       0.00       0.00       90,908,000.00  
2008-3
    113,635,000.00       0.00       0.00       0.00       0.00       113,635,000.00  
2008-4
    40,529,000.00       0.00       0.00       0.00       0.00       40,529,000.00  
2008-5
    60,606,000.00       0.00       0.00       0.00       0.00       60,606,000.00  
2008-6
    102,273,000.00       0.00       0.00       0.00       0.00       102,273,000.00  
2008-7
    39,772,000.00       0.00       0.00       0.00       0.00       39,772,000.00  
2008-8
    49,242,000.00       0.00       0.00       0.00       0.00       49,242,000.00  
2008-9
    41,667,000.00       0.00       0.00       0.00       0.00       41,667,000.00  
Series 2009-D-II Invested Amount
    1,423,427,000.00       0.00       0.00       0.00       0.00       1,423,427,000.00  
         
G. Application of Investor Finance Charge Collections.
        
 
        
1. Available Funds
   $ 32,375,379.33  
 
        
a. Monthly Servicing Fee
   $ 0.00  
b. Aggregate application of Referenced Series shortfall Coverage Amounts
   $ 0.00  
c. Investor Default Amount (treated as Available Principal Collections):
   $ 9,143,885.60  
d. Monthly Interest
   $ 23,231,493.73  
e. Outstanding Monthly Interest
   $ 0.00  
f. Additional Interest
   $ 0.00  
 
        
2. Excess Spread:
   $ 0.00  

 

 

         
H. Reallocated Principal Collections.
        
 
        
1. Principal Allocation Percentage:
     75.0912 %
 
        
2. Series 2009-D-II Allocable Principal Collections:
   $ 521,349,450.65  
 
        
3. Principal Allocation Percentage of Series 2009-D-II Allocable Principal Collections:
   $ 391,487,687.67  
 
        
4. Aggregate amount of Reallocated Principal Collections required to fund the Referenced Series Adjusted Shortfalls
   $ 0.00  
 
        
5. Item 3 minus item 4:
   $ 391,487,687.67  
 
        
6. Shared Principal Collections from other Series allocated to Series 2009-D-II:
   $ 0.00  
 
        
7. Other amounts treated as Available Principal Collections:
   $ 9,143,885.60  
 
        
8. Available Principal Collections (total of items 5., 6. & 7.):
   $ 400,631,573.27  
 
        
I. Application of Available Principal Collections during Revolving Period.
        
 
        
1. Treated as Shared Principal Collections:
   $ 400,631,573.27  
 
        
J. Application of Principal Collections During Scheduled Partial Amortization Period or Early Amortization Period.
        
 
        
1. Retained during an Early Amortization Period
   $ 0.00  
 
        
2. Aggregate application to fund Scheduled Partial Amortization Amounts during a Scheduled Partial Amortization Period
   $ 0.00  
 
        
3. Treated as Shared Principal Collections:
   $ 0.00  
 
        
K. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2009-D-II.
        
 
        
1. Excess Spread:
   $ 0.00  
 
        
2. Excess Finance Charge Collections:
   $ 4,741,225.52  
 
        
3. Applied to fund Required Amount:
   $ 2,368,847.19  
 
        
4. Investor Charge-Offs treated as Available Principal Collections:
   $ 0.00  
 
        
5. Applied to unpaid Monthly Servicing Fee:
   $ 2,372,378.33  
 
        
6. Aggregate reimbursement of reductions of Scheduled Partial Amortization Amounts treated as Available Principal Collections
   $ 0.00  
 
        
7. Applied to fund Series 2009-D-I Shortfall
   $ 0.00  
 
        
8. Remaining Excess Spread distributed to Holders of Transferor Certificate
   $ 0.00  
 
        

 

 

         
L. Amounts and Applications Relating to the Referenced Series
        
                                         
            Referenced   Allocable   Applied to fund   Reimbursements of
Relating   Referenced   Series   portion of   Scheduled   reductions of
to   Series   Shortfall   Reallocated   Partial   Scheduled Partial
Referenced   Adjusted   Coverage   Principal   Amortization   Amortization
Series   Shortfall   Amount   Collections   Amount   Amount
2004-2
     0.00       0.00       0.00       0.00       0.00  
2005-1
     0.00       0.00       0.00       0.00       0.00  
2005-2
     0.00       0.00       0.00       0.00       0.00  
2005-4
     0.00       0.00       0.00       0.00       0.00  
2005-5
     0.00       0.00       0.00       0.00       0.00  
2005-7
     0.00       0.00       0.00       0.00       0.00  
2005-8
     0.00       0.00       0.00       0.00       0.00  
2006-1
     0.00       0.00       0.00       0.00       0.00  
2006-3
     0.00       0.00       0.00       0.00       0.00  
2006-B
     0.00       0.00       0.00       0.00       0.00  
2007-1
     0.00       0.00       0.00       0.00       0.00  
2007-2
     0.00       0.00       0.00       0.00       0.00  
2007-3
     0.00       0.00       0.00       0.00       0.00  
2007-4
     0.00       0.00       0.00       0.00       0.00  
2007-5
     0.00       0.00       0.00       0.00       0.00  
2007-6
     0.00       0.00       0.00       0.00       0.00  
2007-7
     0.00       0.00       0.00       0.00       0.00  
2007-8
     0.00       0.00       0.00       0.00       0.00  
2008-1
     0.00       0.00       0.00       0.00       0.00  
2008-2
     0.00       0.00       0.00       0.00       0.00  
2008-3
     0.00       0.00       0.00       0.00       0.00  
2008-4
     0.00       0.00       0.00       0.00       0.00  
2008-5
     0.00       0.00       0.00       0.00       0.00  
2008-6
     0.00       0.00       0.00       0.00       0.00  
2008-7
     0.00       0.00       0.00       0.00       0.00  
2008-8
     0.00       0.00       0.00       0.00       0.00  
2008-9
     0.00       0.00       0.00       0.00       0.00  

 

 

         
M. Application of Funds from Series 2009-D-I:
        
 
        
1. Applied under Section 4.05
        
 
        
a. Shortfalls in Monthly Servicing Fee
   $ 0.00  
 
        
b. Shortfalls in Investor Default Amount (treated as Available Principal Collections)
   $ 0.00  
 
        
c. Shortfalls in Monthly Interest, Outstanding Monthly Interest and Additional Interest
   $ 0.00  
 
        
2. Applied under Section 4.07
        
 
        
a. Shortfalls in Investor Charge-offs treated as Available Principal Collections
   $ 0.00  
 
        
b. Shortfalls in unpaid Monthly Servicing Fee
   $ 0.00  
 
        
c. Shortfalls in reimbursements of reductions of Scheduled Partial Amortization Amounts treated as Available Principal Collections
   $ 0.00  

 

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