EX-99 2 y91231exv99.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 May 16, 2011 and covers activity from March 26, 2011 through April 24, 2011.
 
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 May.
             
    AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC., as Servicer
   
 
           
 
  By:   /s/ Beth Schaefer    
 
           
 
  Name:
Title:
  Beth Schaefer
Vice President
ABS Operations
   

 


 

A. Trust Activity
         
    Trust Totals
Record Date
  April 30, 2011  
Number of days in Monthly Period
    30  
Beginning Number of Accounts
    26,235,201  
Beginning Principal Receivable Balance, including any Additions, Removals, or Adjustments of Principal Receivables during the Monthly Period
    31,449,288,282.76  
a. Addition of Principal Receivables
    0.00  
b. Removal of Principal Receivables
    0.00  
c. Adjustments to Principal Receivables
    0.00  
Special Funding Account Balance
    0.00  
Beginning Total Principal Balance
    31,449,288,282.76  
Finance Charge Collections (excluding Recoveries)
    509,872,815.44  
Collections of Discount Option Receivables
    6,445,068.29  
Recoveries
    28,841,949.28  
Total Collections of Finance Charge Receivables
    545,159,833.01  
Total Collections of Principal Receivables
    9,559,783,433.08  
Monthly Payment Rate
    30.3975 %
Defaulted Amount
    125,688,632.87  
Annualized Default Rate
    4.8203 %
Annualized Default Rate, Net of Recoveries
    3.7142 %
Trust Portfolio Yield
    16.2279 %
New Principal Receivables
    9,960,431,707.17  
Ending Number of Accounts
    26,136,610  
Ending Principal Receivables Balance
    31,724,247,923.98  
Ending Required Minimum Principal Balance
    19,363,565,300.00  
Ending Transferor Amount
    13,627,457,923.98  
Ending Special Funding Account Balance
    0.00  
Ending Total Principal Balance
    31,724,247,923.98  

- 2 -


 

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       2.76 %     15,062,335.17       796,880.26       264,129,258.09       3,472,677.55  
2009-D-I
    20,834,000       20,834,000.00       0.00       1,458,380.00       0.12 %     627,617.38       33,204.41       11,005,737.93       144,699.53  
 
                                                                       
Total
    520,834,000.00       520,834,000.00       0.00       36,458,380.00       2.88 %     15,689,952.55       830,084.67       275,134,996.02       3,617,377.08  
Group 2
                                                                       
 
                                                                       
2004-2
    400,000,000       400,000,000.00       0.00       28,000,000.00       2.21 %     12,049,868.14       637,504.20       211,303,406.47       2,778,142.04  
2005-2
    600,000,000       600,000,000.00       0.00       42,000,000.00       3.32 %     18,074,802.21       956,256.31       316,955,109.71       4,167,213.06  
2005-4
    500,000,000       500,000,000.00       0.00       35,000,000.00       2.76 %     15,062,335.17       796,880.26       264,129,258.09       3,472,677.55  
2005-7
    700,000,000       700,000,000.00       0.00       49,000,000.00       3.87 %     21,087,269.24       1,115,632.36       369,780,961.33       4,861,748.58  
2006-1
    1,000,000,000       1,000,000,000.00       0.00       70,000,000.00       5.53 %     30,124,670.34       1,593,760.51       528,258,516.18       6,945,355.11  
2006-3
    600,000,000       600,000,000.00       0.00       42,000,000.00       3.32 %     18,074,802.21       956,256.31       316,955,109.71       4,167,213.06  
2007-1
    500,000,000       500,000,000.00       0.00       35,000,000.00       2.76 %     15,062,335.17       796,880.26       264,129,258.09       3,472,677.55  
2007-2
    500,000,000       500,000,000.00       0.00       35,000,000.00       2.76 %     15,062,335.17       796,880.26       264,129,258.09       3,472,677.55  
2007-5
    500,000,000       500,000,000.00       0.00       35,000,000.00       2.76 %     15,062,335.17       796,880.26       264,129,258.09       3,472,677.55  
2007-7
    900,000,000       900,000,000.00       0.00       63,000,000.00       4.97 %     27,112,203.31       1,434,384.46       475,432,664.56       6,250,819.60  
2007-8
    1,200,000,000       1,200,000,000.00       0.00       84,000,000.00       6.63 %     36,149,604.41       1,912,512.61       633,910,219.42       8,334,426.13  
2008-2
    1,363,638,000       1,363,638,000.00       0.00       95,454,660.00       7.54 %     41,079,145.22       2,173,312.40       720,353,386.49       9,470,950.15  
2008-4
    607,956,000       607,956,000.00       0.00       42,556,920.00       3.36 %     18,314,474.08       968,936.27       321,157,934.46       4,222,470.31  
2008-5
    909,091,000       909,091,000.00       0.00       63,636,370.00       5.02 %     27,386,066.69       1,448,873.34       480,235,062.74       6,313,959.82  
2008-6
    1,534,091,000       1,534,091,000.00       0.00       107,386,370.00       8.48 %     46,213,985.65       2,444,973.66       810,396,635.35       10,654,806.76  
2008-7
    596,592,000       596,592,000.00       0.00       41,761,440.00       3.30 %     17,972,137.33       950,824.77       315,154,804.69       4,143,543.29  
2008-9
    625,000,000       625,000,000.00       0.00       43,750,000.00       3.45 %     18,827,918.96       996,100.32       330,161,572.61       4,340,846.94  
2009-1
    1,212,122,000       1,212,122,000.00       0.00       84,848,540.00       6.70 %     36,514,775.67       1,931,832.18       640,313,769.15       8,418,617.72  
2009-2
    1,515,155,000       1,515,155,000.00       0.00       106,060,850.00       8.37 %     45,643,544.89       2,414,794.21       800,393,532.09       10,523,289.52  
2010-1
    1,030,304,000       1,030,304,000.00       0.00       72,121,280.00       5.69 %     31,037,568.35       1,642,057.83       544,266,862.26       7,155,827.15  
2009-D-II
    782,007,000       782,007,000.00       0.00       54,740,490.00       4.32 %     23,557,703.08       1,246,331.88       413,101,857.46       5,431,316.31  
 
                                                                       
Total
    17,575,956,000.00       17,575,956,000.00       0.00       1,230,316,920.00       97.12 %     529,469,880.46       28,011,864.66       9,284,648,437.04       122,071,255.75  
 
                                                                       
Trust
    18,096,790,000.00       18,096,790,000.00       0.00       1,266,775,300.00       100.00 %     545,159,833.01       28,841,949.33       9,559,783,433.06       125,688,632.83  

- 3 -


 

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       8,667,491.32       2,242,500.00       1,998,274.68       833,333.33       0.00       5,074,108.01       8,667,284.11       0.00       3,593,383.31  
 
                                                                               
Total
    500,000,000.00       8,667,491.32       2,242,500.00       1,998,274.68       833,333.33       0.00       5,074,108.01       8,667,284.11       0.00       3,593,383.31  
 
                                                                               
Group 2
                                                                               
2004-2
    400,000,000.00       6,933,827.29       154,569.45       1,598,619.74       666,666.67       0.00       2,419,855.86       6,683,374.64       0.00       4,263,518.78  
2005-2
    600,000,000.00       10,400,740.93       189,797.50       2,397,929.61       1,000,000.00       0.00       3,587,727.11       9,983,005.28       0.00       6,395,278.17  
2005-4
    500,000,000.00       8,667,284.11       143,697.92       1,998,274.68       833,333.33       0.00       2,975,305.93       8,304,704.40       0.00       5,329,398.47  
2005-7
    700,000,000.00       12,134,197.75       201,538.75       2,797,584.55       1,166,666.67       0.00       4,165,789.97       11,626,947.83       0.00       7,461,157.86  
2006-1
    1,000,000,000.00       17,334,963.70       240,680.56       3,996,549.36       1,666,666.67       0.00       5,903,896.59       16,562,693.54       0.00       10,659,192.44  
2006-3
    600,000,000.00       10,400,740.93       139,319.17       2,397,929.61       1,000,000.00       0.00       3,537,248.78       9,932,526.95       0.00       6,395,278.17  
2007-1
    500,000,000.00       8,667,284.11       111,922.91       1,998,274.68       833,333.33       0.00       2,943,530.92       8,272,929.39       0.00       5,329,398.47  
2007-2
    500,000,000.00       8,667,284.11       127,186.11       1,998,274.68       833,333.33       0.00       2,958,794.12       8,288,192.59       0.00       5,329,398.47  
2007-5
    500,000,000.00       8,667,284.11       118,897.91       1,998,274.68       833,333.33       0.00       2,950,505.92       8,279,904.39       0.00       5,329,398.47  
2007-7
    900,000,000.00       15,601,111.39       223,703.75       3,596,894.42       1,500,000.00       0.00       5,320,598.17       14,913,515.42       0.00       9,592,917.25  
2007-8
    1,200,000,000.00       20,801,481.86       625,941.68       4,795,859.23       2,000,000.00       0.00       7,421,800.91       20,212,357.25       0.00       12,790,556.34  
2008-2
    1,363,638,000.00       23,638,075.93       2,182,688.10       5,449,846.57       2,272,730.00       0.00       9,905,264.67       24,440,005.22       0.00       14,534,740.55  
2008-4
    607,956,000.00       10,538,654.75       1,103,056.53       2,429,726.16       1,013,260.00       0.00       4,546,042.69       11,026,122.25       0.00       6,480,079.56  
2008-5
    909,091,000.00       15,758,699.95       963,074.81       3,633,227.05       1,515,151.66       0.00       6,111,453.52       15,801,269.90       0.00       9,689,816.38  
2008-6
    1,534,091,000.00       26,592,805.09       2,288,341.99       6,131,070.40       2,556,818.33       0.00       10,976,230.72       27,327,795.19       0.00       16,351,564.47  
2008-7
    596,592,000.00       10,341,664.72       889,785.29       2,384,309.37       994,320.00       0.00       4,268,414.66       10,627,367.65       0.00       6,358,952.99  
2008-9
    625,000,000.00       10,834,105.13       1,109,218.76       2,497,843.35       1,041,666.67       0.00       4,648,728.78       11,310,476.87       0.00       6,661,748.09  
2009-1
    1,212,122,000.00       21,011,611.50       3,387,062.75       4,844,305.40       2,020,203.34       0.00       10,251,571.49       23,171,333.76       0.00       12,919,762.27  
2009-2
    1,515,155,000.00       26,264,557.70       2,335,817.04       6,055,391.74       2,525,258.33       0.00       10,916,467.11       27,066,196.60       0.00       16,149,729.49  
2010-1
    1,030,304,000.00       17,859,874.97       468,500.14       4,117,660.79       1,717,173.34       0.00       6,303,334.27       17,285,135.40       0.00       10,981,801.13  
 
                                                                               
Total
    16,793,949,000.00       291,116,250.03       17,004,801.12       67,117,846.07       27,989,915.00       0.00       112,112,562.19       291,115,854.52       0.00       179,003,687.82  
 
                                                                               
Trust Total
    17,293,949,000.00       299,783,741.35       19,247,301.12       69,116,120.75       28,823,248.33       0.00       117,186,670.20       299,783,138.63       0.00       182,597,071.13  
 
(1)  Neither Series 2009-D-I nor Series 2009-D-II shares in group allocations with other series. Therfore, certain figures set forth 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.”

- 4 -


 

                         
    Group Investor Finance             Group Reallocable Investor  
    Charge Collections     Group Expenses     Finance Charge Collections  
Group 1
    8,667,284.11       5,074,108.01       3,593,176.10  
Group 2
    291,115,854.54       112,112,562.19       179,003,292.35  
D. Trust Performance
Delinquencies:
         
31-60 Days Delinquent:
    151,062,275  
61-90 Days Delinquent:
    131,299,944  
90+ Days Delinquent:
    299,468,687  
Total 30+ Days Delinquent:
    581,830,906  

- 5 -


 

Series 2004-2 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    695,135,176.63       400,000,000.00       295,135,176.63  
Beginning Adjusted Invested Amount
    N/A       400,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    12,049,868.14       6,933,827.29       5,116,040.85  
Collections of Principal Receivables
    211,303,406.47       121,589,822.28       89,713,584.19  
Defaulted Amount
    2,778,142.04       1,598,619.74       1,179,522.30  
 
                       
Ending Invested Amount / Transferor Amount
    701,212,710.63       400,000,000.00       301,212,710.63  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.38875 %     0.58875 %     0.88875 %        
Monthly Interest Due
    111,808.82       15,209.38       27,551.25       154,569.45  
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
    111,808.82       15,209.38       27,551.25       154,569.45  
Investor Default Amount
    1,334,847.48       119,896.48       143,875.78       1,598,619.74  
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
    2,003,322.97       185,105.86       231,427.03       2,419,855.86  
 
                               
Reallocated Investor Finance Charge Collections
                            6,683,374.64  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.4661 %
Base Rate
                            2.4173 %
Excess Spread Percentage
                            12.7906 %

- 6 -


 

                                 
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
    111,808.82       15,209.38       27,551.25       154,569.45  
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
    111,808.82       15,209.38       27,551.25       154,569.45  
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:
  $ 0.33  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 0.33  
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  

- 7 -


 

         
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:
  $ 0.51  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 0.51  
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  

- 8 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 4,291,070.03  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 27,551.25  
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:
  $ 4,263,518.78  
 
       
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  

- 9 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 5,580,617.82  
a. Class A Monthly Interest:
  $ 111,808.82  
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):
  $ 1,334,847.48  
e. Excess Spread:
  $ 4,133,961.52  
2. Class B Available Funds:
  $ 501,253.10  
a. Class B Monthly Interest:
  $ 15,209.38  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 486,043.72  
3. Collateral Available Funds:
  $ 601,503.72  
a. Excess Spread:
  $ 601,503.72  
4. Total Excess Spread:
  $ 5,221,508.96  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2004-2 Allocable Principal Collections:
  $ 211,303,406.47  
3. Principal Allocation Percentage of Series 2004-2 Allocable Principal Collections:
  $ 121,589,822.28  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 121,589,822.28  
6. Shared Principal Collections from other Series allocated to Series 2004-2:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 1,598,619.74  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 123,188,442.02  

- 10 -


 

         
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:
  $ 123,188,442.02  
 
       
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 2004-2.
       
1. Excess Spread:
  $ 5,221,508.96  
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:
  $ 119,896.48  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 27,551.25  
9. Applied to unpaid Monthly Servicing Fee:
  $ 666,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 143,875.78  
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):
  $ 4,263,518.78  

- 11 -


 

         
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:
  $ 5,221,508.96  
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:
  $ 119,896.48  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 27,551.25  
10. Applied to unpaid Monthly Servicing Fee:
  $ 666,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 143,875.78  
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):
  $ 4,263,518.78  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.4173 %
b. Prior Monthly Period:
    2.4541 %
c. Second Prior Monthly Period:
    2.6753 %
2. Three Month Average Base Rate:
    2.5156 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.4661 %
b. Prior Monthly Period:
    14.3337 %
c. Second Prior Monthly Period:
    15.9874 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.2624 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 12 -


 

Series 2005-2 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,042,702,764.95       600,000,000.00       442,702,764.95  
Beginning Adjusted Invested Amount
    N/A       600,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    18,074,802.21       10,400,740.93       7,674,061.28  
Collections of Principal Receivables
    316,955,109.71       182,384,733.42       134,570,376.29  
Defaulted Amount
    4,167,213.06       2,397,929.61       1,769,283.45  
 
                       
Ending Invested Amount / Transferor Amount
    1,051,819,065.94       600,000,000.00       451,819,065.94  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.31875 %     0.49875 %     0.70875 %        
Monthly Interest Due
    137,514.06       19,326.56       32,956.88       189,797.50  
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
    137,514.06       19,326.56       32,956.88       189,797.50  
Investor Default Amount
    2,002,271.23       179,844.72       215,813.66       2,397,929.61  
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
    2,974,785.29       274,171.28       338,770.54       3,587,727.11  
 
                               
Reallocated Investor Finance Charge Collections
                            9,983,005.28  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.3808 %
Base Rate
                            2.3348 %
Excess Spread Percentage
                            12.7906 %

- 13 -


 

                                 
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
    137,514.06       19,326.56       32,956.88       189,797.50  
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
    137,514.06       19,326.56       32,956.88       189,797.50  
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:
  $ 0.27  
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  

- 14 -


 

         
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  

- 15 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 6,428,235.06  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 32,956.88  
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:
  $ 6,395,278.18  
 
       
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  

- 16 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 8,335,809.41  
a. Class A Monthly Interest:
  $ 137,514.06  
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):
  $ 2,002,271.23  
e. Excess Spread:
  $ 6,196,024.12  
2. Class B Available Funds:
  $ 748,725.40  
a. Class B Monthly Interest:
  $ 19,326.56  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 729,398.84  
3. Collateral Available Funds:
  $ 898,470.48  
a. Excess Spread:
  $ 898,470.48  
4. Total Excess Spread:
  $ 7,823,893.44  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2005-2 Allocable Principal Collections:
  $ 316,955,109.71  
3. Principal Allocation Percentage of Series 2005-2 Allocable Principal Collections:
  $ 182,384,733.42  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 182,384,733.42  
6. Shared Principal Collections from other Series allocated to Series 2005-2:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 2,397,929.61  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 184,782,663.03  

- 17 -


 

         
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:
  $ 184,782,663.03  
 
       
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:
  $ 7,823,893.44  
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:
  $ 179,844.72  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 32,956.88  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,000,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 215,813.66  
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):
  $ 6,395,278.18  

- 18 -


 

         
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:
  $ 7,823,893.44  
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:
  $ 179,844.72  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 32,956.88  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 215,813.66  
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):
  $ 6,395,278.18  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.3348 %
b. Prior Monthly Period:
    2.3716 %
c. Second Prior Monthly Period:
    2.5927 %
2. Three Month Average Base Rate:
    2.4330 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.3808 %
b. Prior Monthly Period:
    14.2512 %
c. Second Prior Monthly Period:
    15.9049 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.1790 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 19 -


 

Series 2005-4 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    868,918,970.79       500,000,000.00       368,918,970.79  
Beginning Adjusted Invested Amount
    N/A       500,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    15,062,335.17       8,667,284.11       6,395,051.06  
Collections of Principal Receivables
    264,129,258.09       151,987,277.85       112,141,980.24  
Defaulted Amount
    3,472,677.55       1,998,274.68       1,474,402.87  
 
                       
Ending Invested Amount / Transferor Amount
    876,515,888.29       500,000,000.00       376,515,888.29  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.28875 %     0.46875 %     0.63875 %        
Monthly Interest Due
    103,809.64       15,136.72       24,751.56       143,697.92  
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
    103,809.64       15,136.72       24,751.56       143,697.92  
Investor Default Amount
    1,668,559.36       149,870.60       179,844.72       1,998,274.68  
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
    2,468,202.33       227,507.32       279,596.28       2,975,305.93  
 
                               
Reallocated Investor Finance Charge Collections
                            8,304,704.40  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.3456 %
Base Rate
                            2.3008 %
Excess Spread Percentage
                            12.7906 %

- 20 -


 

                                 
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
    103,809.64       15,136.72       24,751.56       143,697.92  
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
    103,809.64       15,136.72       24,751.56       143,697.92  
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:
  $ 0.25  
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  

- 21 -


 

         
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:
  $ 0.40  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 0.40  
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  

- 22 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 5,354,150.03  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 24,751.56  
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:
  $ 5,329,398.47  
 
       
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  

- 23 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 6,934,428.17  
a. Class A Monthly Interest:
  $ 103,809.64  
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):
  $ 1,668,559.36  
e. Excess Spread:
  $ 5,162,059.17  
2. Class B Available Funds:
  $ 622,852.83  
a. Class B Monthly Interest:
  $ 15,136.72  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 607,716.11  
3. Collateral Available Funds:
  $ 747,423.40  
a. Excess Spread:
  $ 747,423.40  
4. Total Excess Spread:
  $ 6,517,198.68  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2005-4 Allocable Principal Collections:
  $ 264,129,258.09  
3. Principal Allocation Percentage of Series 2005-4 Allocable Principal Collections:
  $ 151,987,277.85  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 151,987,277.85  
6. Shared Principal Collections from other Series allocated to Series 2005-4:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 1,998,274.68  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 153,985,552.53  

- 24 -


 

         
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:
  $ 153,985,552.53  
 
       
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:
  $ 6,517,198.68  
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:
  $ 149,870.60  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 24,751.56  
9. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 179,844.72  
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):
  $ 5,329,398.47  

- 25 -


 

         
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:
  $ 6,517,198.68  
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:
  $ 149,870.60  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 24,751.56  
10. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 179,844.72  
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):
  $ 5,329,398.47  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.3008 %
b. Prior Monthly Period:
    2.3375 %
c. Second Prior Monthly Period:
    2.5587 %
2. Three Month Average Base Rate:
    2.3990 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.3456 %
b. Prior Monthly Period:
    14.2171 %
c. Second Prior Monthly Period:
    15.8708 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.1445 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 26 -


 

Series 2005-7 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,216,486,559.10       700,000,000.00       516,486,559.10  
Beginning Adjusted Invested Amount
    N/A       700,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    21,087,269.24       12,134,197.75       8,953,071.49  
Collections of Principal Receivables
    369,780,961.33       212,782,189.00       156,998,772.33  
Defaulted Amount
    4,861,748.58       2,797,584.55       2,064,164.03  
 
                       
Ending Invested Amount / Transferor Amount
    1,227,122,243.60       700,000,000.00       527,122,243.60  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.28875 %     0.48875 %     0.62875 %        
Monthly Interest Due
    145,333.49       22,095.57       34,109.69       201,538.75  
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
    145,333.49       22,095.57       34,109.69       201,538.75  
Investor Default Amount
    2,335,983.10       209,818.84       251,782.61       2,797,584.55  
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
    3,455,483.26       319,414.41       390,892.30       4,165,789.97  
 
                       
Reallocated Investor Finance Charge Collections
                            11,626,947.83  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.3463 %
Base Rate
                            2.3014 %
Excess Spread Percentage
                            12.7906 %

- 27 -


 

                                 
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
    145,333.49       22,095.57       34,109.69       201,538.75  
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
    145,333.49       22,095.57       34,109.69       201,538.75  
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:
  $ 0.25  
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  

- 28 -


 

         
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:
  $ 0.42  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 0.42  
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  

- 29 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 7,495,267.55  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 34,109.69  
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:
  $ 7,461,157.86  
 
       
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  

- 30 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 9,708,501.44  
a. Class A Monthly Interest:
  $ 145,333.49  
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):
  $ 2,335,983.10  
e. Excess Spread:
  $ 7,227,184.85  
2. Class B Available Funds:
  $ 872,021.09  
a. Class B Monthly Interest:
  $ 22,095.57  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 849,925.52  
3. Collateral Available Funds:
  $ 1,046,425.30  
a. Excess Spread:
  $ 1,046,425.30  
4. Total Excess Spread:
  $ 9,123,535.67  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2005-7 Allocable Principal Collections:
  $ 369,780,961.33  
3. Principal Allocation Percentage of Series 2005-7 Allocable Principal Collections:
  $ 212,782,189.00  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 212,782,189.00  
6. Shared Principal Collections from other Series allocated to Series 2005-7:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 2,797,584.55  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 215,579,773.55  

- 31 -


 

         
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:
  $ 215,579,773.55  
 
       
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:
  $ 9,123,535.67  
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:
  $ 209,818.84  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 34,109.69  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,166,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 251,782.61  
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):
  $ 7,461,157.86  

- 32 -


 

         
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:
  $ 9,123,535.67  
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:
  $ 209,818.84  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 34,109.69  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,166,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 251,782.61  
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):
  $ 7,461,157.86  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.3014 %
b. Prior Monthly Period:
    2.3381 %
c. Second Prior Monthly Period:
    2.5593 %
2. Three Month Average Base Rate:
    2.3996 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.3463 %
b. Prior Monthly Period:
    14.2177 %
c. Second Prior Monthly Period:
    15.8714 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.1451 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 33 -


 

Series 2006-1 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,737,837,941.58       1,000,000,000.00       737,837,941.58  
Beginning Adjusted Invested Amount
    N/A       1,000,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    30,124,670.34       17,334,963.70       12,790,102.13  
Collections of Principal Receivables
    528,258,516.18       303,974,555.71       224,283,960.47  
Defaulted Amount
    6,945,355.11       3,996,549.36       2,948,805.75  
 
                       
Ending Invested Amount / Transferor Amount
    1,753,031,776.57       1,000,000,000.00       753,031,776.57  
                                 
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
    4,175,000.00       0.00       0.00       4,175,000.00  
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 (after giving effect to any principal distributions on the related Distribution Date)
    4,175,000.00       0.00       0.00       4,175,000.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    4,175,000.00       0.00       0.00       4,175,000.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.24875 %     0.35875 %     0.49875 %        
Monthly Interest Due
    178,858.16       23,169.27       38,653.13       240,680.56  
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
    178,858.16       23,169.27       38,653.13       240,680.56  
Investor Default Amount
    3,337,118.72       299,741.20       359,689.44       3,996,549.36  
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
    4,907,643.55       447,910.47       548,342.57       5,903,896.59  
 
                               
Reallocated Investor Finance Charge Collections
                            16,562,693.54  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            395.49  
Series Adjusted Portfolio Yield
                            15.2893 %
Base Rate
                            2.2457 %
Excess Spread Percentage
                            12.7910 %

- 34 -


 

                                 
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
    178,858.16       23,169.27       38,653.13       240,680.56  
Deposits to the Principal Funding Account
    835,000,000.00       75,000,000.00       0.00       910,000,000.00  
Distributions of Principal
    835,000,000.00       75,000,000.00       90,000,000.00       1,000,000,000.00  
Total Distributions
    835,178,858.16       75,023,169.27       90,038,653.13       1,000,240,680.56  
Ending Certificates Balance
    0.00       0.00       0.00       0.00  
         
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:
  $ 1,000.21  
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:
  $ 1,000.00  
 
       
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  

- 35 -


 

         
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:
  $ 1,000.31  
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:
  $ 1,000.00  
 
     
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  

- 36 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 100,697,845.57  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 38,653.13  
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:
  $ 90,000,000.00  
5. The amount distributed to the Collateral Interest Holder in respect of remaining Excess Spread:
  $ 10,659,192.44  
 
       
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  

- 37 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 13,830,179.34  
a. Class A Monthly Interest:
  $ 178,858.16  
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):
  $ 3,337,118.72  
e. Excess Spread:
  $ 10,314,202.46  
2. Class B Available Funds:
  $ 1,242,231.68  
a. Class B Monthly Interest:
  $ 23,169.27  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 1,219,062.41  
3. Collateral Available Funds:
  $ 1,490,678.01  
a. Excess Spread:
  $ 1,490,678.01  
4. Total Excess Spread:
  $ 13,023,942.88  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2006-1 Allocable Principal Collections:
  $ 528,258,516.18  
3. Principal Allocation Percentage of Series 2006-1 Allocable Principal Collections:
  $ 303,974,555.71  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 303,974,555.71  
6. Shared Principal Collections from other Series allocated to Series 2006-1:
  $ 692,028,894.93  
7. Other amounts treated as Available Principal Collections:
  $ 3,996,549.36  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 1,000,000,000.00  

- 38 -


 

         
L. Application of Available Principal Collections during Revolving Period.
       
1. Collateral Invested Amount:
    N/A  
2. Required Collateral Invested Amount:
    N/A  
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
    N/A  
4. Treated as Shared Principal Collections:
    N/A  
 
       
M. Application of Principal Collections During Accumulation or Amortization Period.
       
1. Principal Funding Account:
  $ 910,000,000.00  
2. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
  $ 90,000,000.00  
3. Distribution of Principal:
  $ 1,000,000,000.00  
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:
  $ 13,023,942.88  
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:
  $ 299,741.20  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 38,653.13  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,666,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 359,689.44  
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):
  $ 10,659,192.44  

- 39 -


 

         
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:
  $ 13,023,942.88  
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:
  $ 299,741.20  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 38,653.13  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,666,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 359,689.44  
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):
  $ 10,659,192.44  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.2457 %
b. Prior Monthly Period:
    2.2825 %
c. Second Prior Monthly Period:
    2.5037 %
2. Three Month Average Base Rate:
    2.3440 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.2893 %
b. Prior Monthly Period:
    14.1627 %
c. Second Prior Monthly Period:
    15.8165 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.0895 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 40 -


 

Series 2006-2 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    868,918,970.79       500,000,000.00       368,918,970.79  
Beginning Adjusted Invested Amount
    N/A       500,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    15,062,335.17       8,667,491.32       6,395,051.06  
Collections of Principal Receivables
    264,129,258.09       151,987,277.85       112,141,980.24  
Defaulted Amount
    3,472,677.55       1,998,274.68       1,474,402.87  
 
                       
Ending Invested Amount / Transferor Amount
    876,515,888.29       500,000,000.00       376,515,888.29  
                                 
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
    2,187,500.00       0.00       0.00       2,187,500.00  
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    2,187,500.00       0.00       0.00       2,187,500.00  
Required Reserve Account Amount
    2,187,500.00       0.00       0.00       2,187,500.00  
 
                               
LIBOR Determination Date
  NA     NA     NA          
Coupon April 15, 2011 - May 15, 2011
    5.35000 %     5.55000 %     5.65000 %        
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
    1,748,490.34       109,905.11       139,879.23       1,998,274.68  
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
    4,428,177.84       282,925.94       363,004.23       5,074,108.01  
 
                               
Reallocated Investor Finance Charge Collections
                            8,667,284.11  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            207.21  
Series Adjusted Portfolio Yield
                            16.2284 %
Base Rate
                            7.2431 %
Excess Spread Percentage
                            8.6241 %

- 41 -


 

                                 
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  

- 42 -


 

         
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  

- 43 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 3,758,174.98  
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:
  $ 3,593,383.31  
 
       
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  

- 44 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 7,584,054.91  
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):
  $ 1,748,490.34  
e. Excess Spread:
  $ 3,885,043.74  
2. Class B Available Funds:
  $ 476,712.02  
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:
  $ 349,524.52  
3. Collateral Available Funds:
  $ 606,724.39  
a. Excess Spread:
  $ 606,724.39  
4. Total Excess Spread:
  $ 4,841,292.65  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2006-2 Allocable Principal Collections:
  $ 264,129,258.09  
3. Principal Allocation Percentage of Series 2006-2 Allocable Principal Collections:
  $ 151,987,277.85  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 151,987,277.85  
6. Shared Principal Collections from other Series allocated to Series 2006-2:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 1,998,274.68  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 153,985,552.53  

- 45 -


 

         
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:
  $ 153,985,552.53  
 
       
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:
  $ 4,841,292.65  
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:
  $ 109,905.11  
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:
  $ 139,879.23  
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):
  $ 3,593,383.31  

- 46 -


 

         
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:
  $ 4,841,292.65  
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:
  $ 109,905.11  
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:
  $ 139,879.23  
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):
  $ 3,593,383.31  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    7.2431 %
b. Prior Monthly Period:
    7.2431 %
c. Second Prior Monthly Period:
    8.0191 %
2. Three Month Average Base Rate:
    7.5018 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    16.2284 %
b. Prior Monthly Period:
    15.0712 %
c. Second Prior Monthly Period:
    16.7242 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.0080 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 47 -


 

Series 2006-3 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,042,702,764.95       600,000,000.00       442,702,764.95  
Beginning Adjusted Invested Amount
    N/A       600,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    18,074,802.21       10,400,740.93       7,674,061.28  
Collections of Principal Receivables
    316,955,109.71       182,384,733.42       134,570,376.29  
Defaulted Amount
    4,167,213.06       2,397,929.61       1,769,283.45  
 
                       
Ending Invested Amount / Transferor Amount
    1,051,819,065.94       600,000,000.00       451,819,065.94  
                                 
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
    2,505,000.00       0.00       0.00       2,505,000.00  
Reserve Draw Amount
    0.00       0.00       0.00       0.00  
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    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
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.23875 %     0.33875 %     0.49875 %        
Monthly Interest Due
    103,000.73       13,126.56       23,191.88       139,319.17  
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
    103,000.73       13,126.56       23,191.88       139,319.17  
Investor Default Amount
    2,002,271.23       179,844.72       215,813.66       2,397,929.61  
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
    2,940,271.96       267,971.28       329,005.54       3,537,248.78  
 
                               
Reallocated Investor Finance Charge Collections
                            9,932,526.95  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.2785 %
Base Rate
                            2.2358 %
Excess Spread Percentage
                            12.7906 %

- 48 -


 

                                 
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
    103,000.73       13,126.56       23,191.88       139,319.17  
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
    103,000.73       13,126.56       23,191.88       139,319.17  
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:
  $ 0.21  
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  

- 49 -


 

         
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  

- 50 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 3,913,470.05  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 23,191.88  
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:
  $ 3,890,278.17  
 
       
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  

- 51 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 8,293,660.00  
a. Class A Monthly Interest:
  $ 103,000.73  
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):
  $ 2,002,271.23  
e. Excess Spread:
  $ 6,188,388.04  
2. Class B Available Funds:
  $ 744,939.52  
a. Class B Monthly Interest:
  $ 13,126.56  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 731,812.96  
3. Collateral Available Funds:
  $ 893,927.43  
a. Excess Spread:
  $ 893,927.43  
4. Total Excess Spread:
  $ 7,814,128.43  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2006-3 Allocable Principal Collections:
  $ 316,955,109.71  
3. Principal Allocation Percentage of Series 2006-3 Allocable Principal Collections:
  $ 182,384,733.42  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 182,384,733.42  
6. Shared Principal Collections from other Series allocated to Series 2006-3:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 2,397,929.61  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 184,782,663.03  

- 52 -


 

         
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:
  $ 184,782,663.03  
 
       
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:
  $ 7,814,128.43  
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:
  $ 179,844.72  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 23,191.88  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,000,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 215,813.66  
11. Reduction of Collateral Invested Amount treated as Available Principal Collections:
  $ 0.00  
12. Deposited to Reserve Account:
  $ 2,505,000.00  
13. Remaining Excess Spread distributed to Collateral Interest Holder(s):
  $ 3,890,278.17  

- 53 -


 

         
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:
  $ 7,814,128.43  
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:
  $ 179,844.72  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 23,191.88  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 215,813.66  
12. Reduction of Collateral Invested Amount treated as Available Principal Collections:
  $ 0.00  
13. Deposited to Reserve Account:
  $ 2,505,000.00  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
  $ 3,890,278.17  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.2358 %
b. Prior Monthly Period:
    2.2725 %
c. Second Prior Monthly Period:
    2.4937 %
2. Three Month Average Base Rate:
    2.3340 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.2785 %
b. Prior Monthly Period:
    14.1521 %
c. Second Prior Monthly Period:
    15.8058 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.0788 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 54 -


 

Series 2007-1 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    868,918,970.79       500,000,000.00       368,918,970.79  
Beginning Adjusted Invested Amount
    N/A       500,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    15,062,335.17       8,667,284.11       6,395,051.06  
Collections of Principal Receivables
    264,129,258.09       151,987,277.85       112,141,980.24  
Defaulted Amount
    3,472,677.55       1,998,274.68       1,474,402.87  
 
Ending Invested Amount / Transferor Amount
    876,515,888.29       500,000,000.00       376,515,888.29  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.23875 %     0.32875 %     0.48875 %        
Monthly Interest Due
    90,459.72       7,784.98       13,678.21       111,922.91  
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
    90,459.72       7,784.98       13,678.21       111,922.91  
Investor Default Amount
    1,758,481.72       109,905.11       129,887.85       1,998,274.68  
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
    2,582,274.77       163,523.42       197,732.73       2,943,530.92  
 
                               
Reallocated Investor Finance Charge Collections
                            8,272,929.39  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.2683 %
Base Rate
                            2.2259 %
Excess Spread Percentage
                            12.7906 %

- 55 -


 

                                 
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
    90,459.72       7,784.98       13,678.21       111,922.91  
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
    90,459.72       7,784.98       13,678.21       111,922.91  
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:
  $ 0.21  
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  

- 56 -


 

         
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:
  $ 0.28  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 0.28  
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  

- 57 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 5,343,076.68  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 13,678.21  
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:
  $ 5,329,398.47  
 
       
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  

- 58 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 7,280,177.86  
a. Class A Monthly Interest:
  $ 90,459.72  
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):
  $ 1,758,481.72  
e. Excess Spread:
  $ 5,431,236.42  
2. Class B Available Funds:
  $ 455,011.12  
a. Class B Monthly Interest:
  $ 7,784.98  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 447,226.14  
3. Collateral Available Funds:
  $ 537,740.41  
a. Excess Spread:
  $ 537,740.41  
4. Total Excess Spread:
  $ 6,416,202.97  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2007-1 Allocable Principal Collections:
  $ 264,129,258.09  
3. Principal Allocation Percentage of Series 2007-1 Allocable Principal Collections:
  $ 151,987,277.85  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 151,987,277.85  
6. Shared Principal Collections from other Series allocated to Series 2007-1:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 1,998,274.68  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 153,985,552.53  

- 59 -


 

         
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:
  $ 153,985,552.53  
 
       
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:
  $ 6,416,202.97  
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:
  $ 109,905.11  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 13,678.21  
9. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 129,887.85  
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):
  $ 5,329,398.47  

- 60 -


 

         
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:
  $ 6,416,202.97  
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:
  $ 109,905.11  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 13,678.21  
10. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 129,887.85  
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):
  $ 5,329,398.47  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.2259 %
b. Prior Monthly Period:
    2.2627 %
c. Second Prior Monthly Period:
    2.4838 %
2. Three Month Average Base Rate:
    2.3241 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.2683 %
b. Prior Monthly Period:
    14.1423 %
c. Second Prior Monthly Period:
    15.7960 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.0689 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 61 -


 

Series 2007-2 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    868,918,970.79       500,000,000.00       368,918,970.79  
Beginning Adjusted Invested Amount
    N/A       500,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    15,062,335.17       8,667,284.11       6,395,051.06  
Collections of Principal Receivables
    264,129,258.09       151,987,277.85       112,141,980.24  
Defaulted Amount
    3,472,677.55       1,998,274.68       1,474,402.87  
 
                       
Ending Invested Amount / Transferor Amount
    876,515,888.29       500,000,000.00       376,515,888.29  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.26875 %     0.39875 %     0.56875 %        
Monthly Interest Due
    101,826.39       9,442.62       15,917.10       127,186.11  
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
    101,826.39       9,442.62       15,917.10       127,186.11  
Investor Default Amount
    1,758,481.72       109,905.11       129,887.85       1,998,274.68  
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
    2,593,641.44       165,181.06       199,971.62       2,958,794.12  
 
                               
Reallocated Investor Finance Charge Collections
                            8,288,192.59  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.3055 %
Base Rate
                            2.2619 %
Excess Spread Percentage
                            12.7906 %

- 62 -


 

                                 
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
    101,826.39       9,442.62       15,917.10       127,186.11  
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
    101,826.39       9,442.62       15,917.10       127,186.11  
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  

- 63 -


 

         
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  

- 64 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 5,345,315.57  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 15,917.10  
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:
  $ 5,329,398.47  
 
       
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  

- 65 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 7,293,609.48  
a. Class A Monthly Interest:
  $ 101,826.39  
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):
  $ 1,758,481.72  
e. Excess Spread:
  $ 5,433,301.37  
2. Class B Available Funds:
  $ 455,850.59  
a. Class B Monthly Interest:
  $ 9,442.62  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 446,407.97  
3. Collateral Available Funds:
  $ 538,732.52  
a. Excess Spread:
  $ 538,732.52  
4. Total Excess Spread:
  $ 6,418,441.86  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2007-2 Allocable Principal Collections:
  $ 264,129,258.09  
3. Principal Allocation Percentage of Series 2007-2 Allocable Principal Collections:
  $ 151,987,277.85  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 151,987,277.85  
6. Shared Principal Collections from other Series allocated to Series 2007-2:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 1,998,274.68  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 153,985,552.53  

- 66 -


 

         
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:
  $ 153,985,552.53  
 
       
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:
  $ 6,418,441.86  
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:
  $ 109,905.11  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 15,917.10  
9. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 129,887.85  
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):
  $ 5,329,398.47  

- 67 -


 

         
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:
  $ 6,418,441.86  
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:
  $ 109,905.11  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 15,917.10  
10. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 129,887.85  
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):
  $ 5,329,398.47  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.2619 %
b. Prior Monthly Period:
    2.2986 %
c. Second Prior Monthly Period:
    2.5198 %
2. Three Month Average Base Rate:
    2.3601 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.3055 %
b. Prior Monthly Period:
    14.1782 %
c. Second Prior Monthly Period:
    15.8319 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.1052 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 68 -


 

Series 2007-5 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    868,918,970.79       500,000,000.00       368,918,970.79  
Beginning Adjusted Invested Amount
    N/A       500,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    15,062,335.17       8,667,284.11       6,395,051.06  
Collections of Principal Receivables
    264,129,258.09       151,987,277.85       112,141,980.24  
Defaulted Amount
    3,472,677.55       1,998,274.68       1,474,402.87  
 
                       
Ending Invested Amount / Transferor Amount
    876,515,888.29       500,000,000.00       376,515,888.29  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.24875 %     0.36875 %     0.56875 %        
Monthly Interest Due
    94,248.61       8,732.20       15,917.10       118,897.91  
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
    94,248.61       8,732.20       15,917.10       118,897.91  
Investor Default Amount
    1,758,481.72       109,905.11       129,887.85       1,998,274.68  
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
    2,586,063.66       164,470.64       199,971.62       2,950,505.92  
 
                               
Reallocated Investor Finance Charge Collections
                            8,279,904.39  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.2853 %
Base Rate
                            2.2424 %
Excess Spread Percentage
                            12.7906 %

- 69 -


 

                                 
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
    94,248.61       8,732.20       15,917.10       118,897.91  
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
    94,248.61       8,732.20       15,917.10       118,897.91  
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:
  $ 0.21  
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  

- 70 -


 

         
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:
  $ 0.32  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 0.32  
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  

- 71 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 5,345,315.57  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 15,917.10  
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:
  $ 5,329,398.47  
 
       
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  

- 72 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 7,286,315.86  
a. Class A Monthly Interest:
  $ 94,248.61  
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):
  $ 1,758,481.72  
e. Excess Spread:
  $ 5,433,585.53  
2. Class B Available Funds:
  $ 455,394.74  
a. Class B Monthly Interest:
  $ 8,732.20  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 446,662.54  
3. Collateral Available Funds:
  $ 538,193.79  
a. Excess Spread:
  $ 538,193.79  
4. Total Excess Spread:
  $ 6,418,441.86  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2007-5 Allocable Principal Collections:
  $ 264,129,258.09  
3. Principal Allocation Percentage of Series 2007-5 Allocable Principal Collections:
  $ 151,987,277.85  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 151,987,277.85  
6. Shared Principal Collections from other Series allocated to Series 2007-5:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 1,998,274.68  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 153,985,552.53  

- 73 -


 

         
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:
  $ 153,985,552.53  
 
       
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:
  $ 6,418,441.86  
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:
  $ 109,905.11  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 15,917.10  
9. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 129,887.85  
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):
  $ 5,329,398.47  

- 74 -


 

         
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:
  $ 6,418,441.86  
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:
  $ 109,905.11  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 15,917.10  
10. Applied to unpaid Monthly Servicing Fee:
  $ 833,333.33  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 129,887.85  
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):
  $ 5,329,398.47  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.2424 %
b. Prior Monthly Period:
    2.2791 %
c. Second Prior Monthly Period:
    2.5003 %
2. Three Month Average Base Rate:
    2.3406 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.2853 %
b. Prior Monthly Period:
    14.1587 %
c. Second Prior Monthly Period:
    15.8124 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.0855 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 75 -


 

Series 2007-7 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,564,054,147.42       900,000,000.00       664,054,147.42  
Beginning Adjusted Invested Amount
    N/A       900,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    27,112,203.31       15,601,111.39       11,511,091.92  
Collections of Principal Receivables
    475,432,664.56       273,577,100.13       201,855,564.43  
Defaulted Amount
    6,250,819.60       3,596,894.42       2,653,925.18  
 
                       
Ending Invested Amount / Transferor Amount
    1,577,728,598.92       900,000,000.00       677,728,598.92  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.25875 %     0.38875 %     0.60875 %        
Monthly Interest Due
    176,467.50       16,570.47       30,665.78       223,703.75  
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
    176,467.50       16,570.47       30,665.78       223,703.75  
Investor Default Amount
    3,165,267.09       197,829.19       233,798.14       3,596,894.42  
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
    4,661,734.59       296,899.66       361,963.92       5,320,598.17  
 
                               
Reallocated Investor Finance Charge Collections
                            14,913,515.42  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.2984 %
Base Rate
                            2.2550 %
Excess Spread Percentage
                            12.7906 %

- 76 -


 

                                 
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
    176,467.50       16,570.47       30,665.78       223,703.75  
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
    176,467.50       16,570.47       30,665.78       223,703.75  
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:
  $ 0.22  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 0.22  
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  

- 77 -


 

         
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  

- 78 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 9,623,583.03  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 30,665.78  
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:
  $ 9,592,917.25  
 
       
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  

- 79 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 13,123,893.57  
a. Class A Monthly Interest:
  $ 176,467.50  
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):
  $ 3,165,267.09  
e. Excess Spread:
  $ 9,782,158.98  
2. Class B Available Funds:
  $ 820,243.35  
a. Class B Monthly Interest:
  $ 16,570.47  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 803,672.88  
3. Collateral Available Funds:
  $ 969,378.50  
a. Excess Spread:
  $ 969,378.50  
4. Total Excess Spread:
  $ 11,555,210.36  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2007-7 Allocable Principal Collections:
  $ 475,432,664.56  
3. Principal Allocation Percentage of Series 2007-7 Allocable Principal Collections:
  $ 273,577,100.13  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 273,577,100.13  
6. Shared Principal Collections from other Series allocated to Series 2007-7:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 3,596,894.42  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 277,173,994.55  

- 80 -


 

         
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:
  $ 277,173,994.55  
 
       
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:
  $ 11,555,210.36  
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:
  $ 197,829.19  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 30,665.78  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,500,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 233,798.14  
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):
  $ 9,592,917.25  

- 81 -


 

         
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:
  $ 11,555,210.36  
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:
  $ 197,829.19  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 30,665.78  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,500,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 233,798.14  
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):
  $ 9,592,917.25  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.2550 %
b. Prior Monthly Period:
    2.2918 %
c. Second Prior Monthly Period:
    2.5129 %
2. Three Month Average Base Rate:
    2.3532 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.2984 %
b. Prior Monthly Period:
    14.1714 %
c. Second Prior Monthly Period:
    15.8251 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.0983 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 82 -


 

Series 2007-8 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    2,085,405,529.89       1,200,000,000.00       885,405,529.89  
Beginning Adjusted Invested Amount
    N/A       1,200,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    36,149,604.41       20,801,481.86       15,348,122.55  
Collections of Principal Receivables
    633,910,219.42       364,769,466.85       269,140,752.57  
Defaulted Amount
    8,334,426.13       4,795,859.23       3,538,566.90  
 
                       
Ending Invested Amount / Transferor Amount
    2,103,638,131.89       1,200,000,000.00       903,638,131.89  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.51875 %     0.91875 %     1.51875 %        
Monthly Interest Due
    471,716.67       52,215.63       102,009.38       625,941.68  
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
    471,716.67       52,215.63       102,009.38       625,941.68  
Investor Default Amount
    4,220,356.12       263,772.26       311,730.85       4,795,859.23  
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
    6,452,072.79       425,987.89       543,740.23       7,421,800.91  
 
                               
Reallocated Investor Finance Charge Collections
                            20,212,357.25  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.6306 %
Base Rate
                            2.5765 %
Excess Spread Percentage
                            12.7906 %

- 83 -


 

                                 
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
    471,716.67       52,215.63       102,009.38       625,941.68  
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
    471,716.67       52,215.63       102,009.38       625,941.68  
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:
  $ 0.45  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 0.45  
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  

- 84 -


 

         
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:
  $ 0.79  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 0.79  
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  

- 85 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 12,892,565.72  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 102,009.38  
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:
  $ 12,790,556.34  
 
       
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  

- 86 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 17,786,874.38  
a. Class A Monthly Interest:
  $ 471,716.67  
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):
  $ 4,220,356.12  
e. Excess Spread:
  $ 13,094,801.59  
2. Class B Available Funds:
  $ 1,111,679.65  
a. Class B Monthly Interest:
  $ 52,215.63  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 1,059,464.02  
3. Collateral Available Funds:
  $ 1,313,803.22  
a. Excess Spread:
  $ 1,313,803.22  
4. Total Excess Spread:
  $ 15,468,068.83  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2007-8 Allocable Principal Collections:
  $ 633,910,219.42  
3. Principal Allocation Percentage of Series 2007-8 Allocable Principal Collections:
  $ 364,769,466.85  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 364,769,466.85  
6. Shared Principal Collections from other Series allocated to Series 2007-8:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 4,795,859.23  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 369,565,326.08  

- 87 -


 

         
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:
  $ 369,565,326.08  
 
       
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:
  $ 15,468,068.83  
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:
  $ 263,772.26  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 102,009.38  
9. Applied to unpaid Monthly Servicing Fee:
  $ 2,000,000.00  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 311,730.85  
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):
  $ 12,790,556.34  

- 88 -


 

         
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:
  $ 15,468,068.83  
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:
  $ 263,772.26  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 102,009.38  
10. Applied to unpaid Monthly Servicing Fee:
  $ 2,000,000.00  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 311,730.85  
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):
  $ 12,790,556.34  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.5765 %
b. Prior Monthly Period:
    2.6133 %
c. Second Prior Monthly Period:
    2.8344 %
2. Three Month Average Base Rate:
    2.6747 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.6306 %
b. Prior Monthly Period:
    14.4929 %
c. Second Prior Monthly Period:
    16.1466 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.4234 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes
 

- 89 -


 

Series 2008-2 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    2,369,781,854.98       1,363,638,000.00       1,006,143,854.98  
Beginning Adjusted Invested Amount
    N/A       1,363,638,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    41,079,145.22       23,638,075.93       17,441,069.29  
Collections of Principal Receivables
    720,353,386.49       414,511,255.20       305,842,131.29  
Defaulted Amount
    9,470,950.15       5,449,846.57       4,021,103.58  
 
                       
Ending Invested Amount / Transferor Amount
    2,390,500,745.74       1,363,638,000.00       1,026,862,745.74  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.47875 %     3.96875 %     5.21875 %        
Monthly Interest Due
    1,528,041.67       256,318.52       398,327.91       2,182,688.10  
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
    1,528,041.67       256,318.52       398,327.91       2,182,688.10  
Investor Default Amount
    4,795,859.22       299,745.20       354,242.15       5,449,846.57  
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
    8,323,900.89       681,065.39       900,298.39       9,905,264.67  
 
                               
Reallocated Investor Finance Charge Collections
                            24,440,005.22  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            16.9434 %
Base Rate
                            3.8470 %
Excess Spread Percentage
                            12.7906 %

- 90 -


 

                                 
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
    1,528,041.67       256,318.52       398,327.91       2,182,688.10  
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
    1,528,041.67       256,318.52       398,327.91       2,182,688.10  
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:
  $ 1.27  
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  

- 91 -


 

         
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:
  $ 3.42  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 3.42  
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  

- 92 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 14,933,068.46  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 398,327.91  
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:
  $ 14,534,740.55  
 
       
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  

- 93 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 21,507,178.78  
a. Class A Monthly Interest:
  $ 1,528,041.67  
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):
  $ 4,795,859.22  
e. Excess Spread:
  $ 15,183,277.89  
2. Class B Available Funds:
  $ 1,344,216.60  
a. Class B Monthly Interest:
  $ 256,318.52  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 1,087,898.08  
3. Collateral Available Funds:
  $ 1,588,609.84  
a. Excess Spread:
  $ 1,588,609.84  
4. Total Excess Spread:
  $ 17,859,785.81  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2008-2 Allocable Principal Collections:
  $ 720,353,386.49  
3. Principal Allocation Percentage of Series 2008-2 Allocable Principal Collections:
  $ 414,511,255.20  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 414,511,255.20  
6. Shared Principal Collections from other Series allocated to Series 2008-2:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 5,449,846.57  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 419,961,101.77  

- 94 -


 

         
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:
  $ 419,961,101.77  
 
       
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:
  $ 17,859,785.81  
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:
  $ 299,745.20  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 398,327.91  
9. Applied to unpaid Monthly Servicing Fee:
  $ 2,272,730.00  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 354,242.15  
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):
  $ 14,534,740.55  

- 95 -


 

         
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:
  $ 17,859,785.81  
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:
  $ 299,745.20  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 398,327.91  
10. Applied to unpaid Monthly Servicing Fee:
  $ 2,272,730.00  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 354,242.15  
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):
  $ 14,534,740.55  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    3.8470 %
b. Prior Monthly Period:
    3.8837 %
c. Second Prior Monthly Period:
    4.1049 %
2. Three Month Average Base Rate:
    3.9452 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    16.9434 %
b. Prior Monthly Period:
    15.7633 %
c. Second Prior Monthly Period:
    17.4170 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.7079 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes
 

- 96 -


 

Series 2008-4 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,056,529,003.61       607,956,000.00       448,573,003.61  
Beginning Adjusted Invested Amount
    N/A       607,956,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    18,314,474.08       10,538,654.75       7,775,819.33  
Collections of Principal Receivables
    321,157,934.46       184,803,154.99       136,354,779.47  
Defaulted Amount
    4,222,470.31       2,429,726.16       1,792,744.15  
 
                       
Ending Invested Amount / Transferor Amount
    1,065,766,186.76       607,956,000.00       457,810,186.76  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.61875 %     4.46875 %     6.71875 %        
Monthly Interest Due
    745,749.13       128,672.44       228,634.96       1,103,056.53  
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
    745,749.13       128,672.44       228,634.96       1,103,056.53  
Investor Default Amount
    2,138,153.90       133,636.62       157,935.64       2,429,726.16  
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
    3,775,569.70       318,039.06       452,433.93       4,546,042.69  
 
                               
Reallocated Investor Finance Charge Collections
                            11,026,122.25  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            17.2035 %
Base Rate
                            4.0986 %
Excess Spread Percentage
                            12.7906 %

- 97 -


 

                                 
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
    745,749.13       128,672.44       228,634.96       1,103,056.53  
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
    745,749.13       128,672.44       228,634.96       1,103,056.53  
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:
  $ 1.39  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 1.39  
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  

- 98 -


 

         
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:
  $ 3.85  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 3.85  
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  

- 99 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 6,708,714.52  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 228,634.96  
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:
  $ 6,480,079.56  
 
       
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  

- 100 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 9,702,964.37  
a. Class A Monthly Interest:
  $ 745,749.13  
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):
  $ 2,138,153.90  
e. Excess Spread:
  $ 6,819,061.34  
2. Class B Available Funds:
  $ 606,444.34  
a. Class B Monthly Interest:
  $ 128,672.44  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 477,771.90  
3. Collateral Available Funds:
  $ 716,713.54  
a. Excess Spread:
  $ 716,713.54  
4. Total Excess Spread:
  $ 8,013,546.78  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2008-4 Allocable Principal Collections:
  $ 321,157,934.46  
3. Principal Allocation Percentage of Series 2008-4 Allocable Principal Collections:
  $ 184,803,154.99  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 184,803,154.99  
6. Shared Principal Collections from other Series allocated to Series 2008-4:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 2,429,726.16  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 187,232,881.15  

- 101 -


 

         
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:
  $ 187,232,881.15  
 
       
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:
  $ 8,013,546.78  
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:
  $ 133,636.62  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 228,634.96  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,013,260.00  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 157,935.64  
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):
  $ 6,480,079.56  

- 102 -


 

         
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:
  $ 8,013,546.78  
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:
  $ 133,636.62  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 228,634.96  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,013,260.00  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 157,935.64  
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):
  $ 6,480,079.56  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    4.0986 %
b. Prior Monthly Period:
    4.1354 %
c. Second Prior Monthly Period:
    4.3565 %
2. Three Month Average Base Rate:
    4.1969 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    17.2035 %
b. Prior Monthly Period:
    16.0150 %
c. Second Prior Monthly Period:
    17.6687 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.9624 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes
 

- 103 -


 

Series 2008-5 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,579,852,832.15       909,091,000.00       670,761,832.15  
Beginning Adjusted Invested Amount
    N/A       909,091,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    27,386,066.69       15,758,699.95       11,627,366.74  
Collections of Principal Receivables
    480,235,062.74       276,340,532.82       203,894,529.92  
Defaulted Amount
    6,313,959.82       3,633,227.05       2,680,732.77  
 
Ending Invested Amount / Transferor Amount
    1,593,665,410.80       909,091,000.00       684,574,410.80  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.01875 %     1.31875 %     4.01875 %        
Monthly Interest Due
    701,805.56       56,779.51       204,489.74       963,074.81  
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
    701,805.56       56,779.51       204,489.74       963,074.81  
Investor Default Amount
    3,197,239.48       199,827.47       236,160.10       3,633,227.05  
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
    5,232,378.37       339,940.31       539,134.84       6,111,453.52  
 
Reallocated Investor Finance Charge Collections
                            15,801,269.90  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            16.2849 %
Base Rate
                            3.2097 %
Excess Spread Percentage
                            12.7906 %

- 104 -


 

                                 
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
    701,805.56       56,779.51       204,489.74       963,074.81  
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
    701,805.56       56,779.51       204,489.74       963,074.81  
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:
  $ 0.88  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 0.88  
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  

- 105 -


 

         
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:
  $ 1.14  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 1.14  
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  

- 106 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 9,894,306.12  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 204,489.74  
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:
  $ 9,689,816.38  
 
       
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  

- 107 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 13,905,116.12  
a. Class A Monthly Interest:
  $ 701,805.56  
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):
  $ 3,197,239.48  
e. Excess Spread:
  $ 10,006,071.08  
 
       
2. Class B Available Funds:
  $ 869,069.76  
a. Class B Monthly Interest:
  $ 56,779.51  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 812,290.25  
3. Collateral Available Funds:
  $ 1,027,084.02  
a. Excess Spread:
  $ 1,027,084.02  
4. Total Excess Spread:
  $ 11,845,445.35  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2008-5 Allocable Principal Collections:
  $ 480,235,062.74  
3. Principal Allocation Percentage of Series 2008-5 Allocable Principal Collections:
  $ 276,340,532.82  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 276,340,532.82  
6. Shared Principal Collections from other Series allocated to Series 2008-5:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 3,633,227.05  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 279,973,759.87  

- 108 -


 

         
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:
  $ 279,973,759.87  
 
       
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:
  $ 11,845,445.35  
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:
  $ 199,827.47  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 204,489.74  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,515,151.66  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 236,160.10  
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):
  $ 9,689,816.38  

- 109 -


 

         
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:
  $ 11,845,445.35  
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:
  $ 199,827.47  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 204,489.74  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,515,151.66  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 236,160.10  
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):
  $ 9,689,816.38  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    3.2097 %
b. Prior Monthly Period:
    3.2465 %
c. Second Prior Monthly Period:
    3.4676 %
2. Three Month Average Base Rate:
    3.3079 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    16.2849 %
b. Prior Monthly Period:
    15.1261 %
c. Second Prior Monthly Period:
    16.7797 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.0636 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 110 -


 

Series 2008-6 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    2,666,001,545.63       1,534,091,000.00       1,131,910,545.63  
Beginning Adjusted Invested Amount
    N/A       1,534,091,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    46,213,985.65       26,592,805.09       19,621,180.56  
Collections of Principal Receivables
    810,396,635.35       466,324,630.14       344,072,005.21  
Defaulted Amount
    10,654,806.76       6,131,070.40       4,523,736.36  
 
Ending Invested Amount / Transferor Amount
    2,689,310,271.16       1,534,091,000.00       1,155,219,271.16  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.41875 %     3.21875 %     4.71875 %        
Monthly Interest Due
    1,649,296.88       233,862.30       405,182.81       2,288,341.99  
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
    1,649,296.88       233,862.30       405,182.81       2,288,341.99  
Investor Default Amount
    5,395,341.63       337,208.85       398,519.92       6,131,070.40  
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
    9,294,638.51       711,696.15       969,896.06       10,976,230.72  
 
Reallocated Investor Finance Charge Collections
                            27,327,795.19  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            16.8108 %
Base Rate
                            3.7187 %
Excess Spread Percentage
                            12.7906 %

- 111 -


 

                                 
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
    1,649,296.88       233,862.30       405,182.81       2,288,341.99  
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
    1,649,296.88       233,862.30       405,182.81       2,288,341.99  
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:
  $ 1.22  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 1.22  
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  

- 112 -


 

         
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:
  $ 2.77  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 2.77  
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  

- 113 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 16,756,747.28  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 405,182.81  
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:
  $ 16,351,564.47  
 
       
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  

- 114 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 24,048,458.34  
a. Class A Monthly Interest:
  $ 1,649,296.88  
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):
  $ 5,395,341.63  
e. Excess Spread:
  $ 17,003,819.83  
2. Class B Available Funds:
  $ 1,503,028.65  
a. Class B Monthly Interest:
  $ 233,862.30  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 1,269,166.35  
3. Collateral Available Funds:
  $ 1,776,308.20  
a. Excess Spread:
  $ 1,776,308.20  
4. Total Excess Spread:
  $ 20,049,294.38  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2008-6 Allocable Principal Collections:
  $ 810,396,635.35  
3. Principal Allocation Percentage of Series 2008-6 Allocable Principal Collections:
  $ 466,324,630.14  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 466,324,630.14  
6. Shared Principal Collections from other Series allocated to Series 2008-6:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 6,131,070.40  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 472,455,700.54  

- 115 -


 

         
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:
  $ 472,455,700.54  
 
       
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:
  $ 20,049,294.38  
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:
  $ 337,208.85  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 405,182.81  
9. Applied to unpaid Monthly Servicing Fee:
  $ 2,556,818.33  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 398,519.92  
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):
  $ 16,351,564.47  

- 116 -


 

         
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:
  $ 20,049,294.38  
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:
  $ 337,208.85  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 405,182.81  
10. Applied to unpaid Monthly Servicing Fee:
  $ 2,556,818.33  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 398,519.92  
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):
  $ 16,351,564.47  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    3.7187 %
b. Prior Monthly Period:
    3.7554 %
c. Second Prior Monthly Period:
    3.9766 %
2. Three Month Average Base Rate:
    3.8169 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    16.8108 %
b. Prior Monthly Period:
    15.6350 %
c. Second Prior Monthly Period:
    17.2887 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.5782 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 117 -


 

Series 2008-7 Certificates
                         
    Series     Total Investor      
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,036,780,213.24       596,592,000.00       440,188,213.24  
Beginning Adjusted Invested Amount
    N/A       596,592,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    17,972,137.33       10,341,664.72       7,630,472.61  
Collections of Principal Receivables
    315,154,804.69       181,348,788.14       133,806,016.55  
Defaulted Amount
    4,143,543.29       2,384,309.37       1,759,233.92  
 
                       
Ending Invested Amount / Transferor Amount
    1,045,844,733.65       596,592,000.00       449,252,733.65  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.51875 %     1.31875 %     4.96875 %        
Monthly Interest Due
    686,601.56       37,262.12       165,921.61       889,785.29  
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
    686,601.56       37,262.12       165,921.61       889,785.29  
Investor Default Amount
    2,098,188.41       131,138.77       154,982.19       2,384,309.37  
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
    3,659,789.97       223,089.22       385,535.47       4,268,414.66  
 
                               
Reallocated Investor Finance Charge Collections
                            10,627,367.65  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            16.8106 %
Base Rate
                            3.7184 %
Excess Spread Percentage
                            12.7906 %

- 118 -


 

                                 
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
    686,601.56       37,262.12       165,921.61       889,785.29  
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
    686,601.56       37,262.12       165,921.61       889,785.29  
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:
  $ 1.31  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 1.31  
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  

- 119 -


 

         
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:
  $ 1.14  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 1.14  
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  

- 120 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 6,524,874.60  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 165,921.61  
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:
  $ 6,358,952.99  
 
       
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  

- 121 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 9,352,066.43  
a. Class A Monthly Interest:
  $ 686,601.56  
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):
  $ 2,098,188.41  
e. Excess Spread:
  $ 6,567,276.46  
2. Class B Available Funds:
  $ 584,513.06  
a. Class B Monthly Interest:
  $ 37,262.12  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 547,250.94  
3. Collateral Available Funds:
  $ 690,788.16  
a. Excess Spread:
  $ 690,788.16  
4. Total Excess Spread:
  $ 7,805,315.56  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2008-7 Allocable Principal Collections:
  $ 315,154,804.69  
3. Principal Allocation Percentage of Series 2008-7 Allocable Principal Collections:
  $ 181,348,788.14  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 181,348,788.14  
6. Shared Principal Collections from other Series allocated to Series 2008-7:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 2,384,309.37  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 183,733,097.51  

- 122 -


 

         
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:
  $ 183,733,097.51  
 
       
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:
  $ 7,805,315.56  
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:
  $ 131,138.77  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 165,921.61  
9. Applied to unpaid Monthly Servicing Fee:
  $ 994,320.00  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 154,982.19  
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):
  $ 6,358,952.99  

- 123 -


 

         
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:
  $ 7,805,315.56  
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:
  $ 131,138.77  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 165,921.61  
10. Applied to unpaid Monthly Servicing Fee:
  $ 994,320.00  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 154,982.19  
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):
  $ 6,358,952.99  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    3.7184 %
b. Prior Monthly Period:
    3.7552 %
c. Second Prior Monthly Period:
    3.9763 %
2. Three Month Average Base Rate:
    3.8166 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    16.8106 %
b. Prior Monthly Period:
    15.6348 %
c. Second Prior Monthly Period:
    17.2885 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.5779 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 124 -


 

Series 2008-9 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,086,148,713.49       625,000,000.00       461,148,713.49  
Beginning Adjusted Invested Amount
    N/A       625,000,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    18,827,918.96       10,834,105.13       7,993,813.83  
Collections of Principal Receivables
    330,161,572.61       189,984,097.31       140,177,475.30  
Defaulted Amount
    4,340,846.94       2,497,843.35       1,843,003.59  
 
                       
Ending Invested Amount / Transferor Amount
    1,095,644,860.36       625,000,000.00       470,644,860.36  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.81875 %     1.31875 %     5.96875 %        
Monthly Interest Due
    861,380.21       39,035.92       208,802.63       1,109,218.76  
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
    861,380.21       39,035.92       208,802.63       1,109,218.76  
Investor Default Amount
    2,198,102.15       137,381.38       162,359.82       2,497,843.35  
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
    3,976,149.03       233,708.97       438,870.78       4,648,728.78  
 
                               
Reallocated Investor Finance Charge Collections
                            11,310,476.87  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            17.1553 %
Base Rate
                            4.0520 %
Excess Spread Percentage
                            12.7906 %

- 125 -


 

                                 
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
    861,380.21       39,035.92       208,802.63       1,109,218.76  
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
    861,380.21       39,035.92       208,802.63       1,109,218.76  
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:
  $ 1.57  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 1.57  
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  

- 126 -


 

         
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:
  $ 1.14  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 1.14  
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  

- 127 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 6,870,550.73  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest:
  $ 208,802.63  
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:
  $ 6,661,748.10  
 
       
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  

- 128 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 9,953,219.65  
a. Class A Monthly Interest:
  $ 861,380.21  
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):
  $ 2,198,102.15  
e. Excess Spread:
  $ 6,893,737.29  
2. Class B Available Funds:
  $ 622,076.23  
a. Class B Monthly Interest:
  $ 39,035.92  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 583,040.31  
3. Collateral Available Funds:
  $ 735,181.00  
a. Excess Spread:
  $ 735,181.00  
4. Total Excess Spread:
  $ 8,211,958.60  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2008-9 Allocable Principal Collections:
  $ 330,161,572.61  
3. Principal Allocation Percentage of Series 2008-9 Allocable Principal Collections:
  $ 189,984,097.31  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 189,984,097.31  
6. Shared Principal Collections from other Series allocated to Series 2008-9:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 2,497,843.35  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 192,481,940.66  

- 129 -


 

         
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:
  $ 192,481,940.66  
 
       
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:
  $ 8,211,958.60  
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:
  $ 137,381.38  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Minimum Monthly Interest:
  $ 208,802.63  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,041,666.67  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 162,359.82  
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):
  $ 6,661,748.10  

- 130 -


 

         
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:
  $ 8,211,958.60  
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:
  $ 137,381.38  
8. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
9. Applied to Collateral Minimum Monthly Interest:
  $ 208,802.63  
10. Applied to unpaid Monthly Servicing Fee:
  $ 1,041,666.67  
11. Collateral Default Amount treated as Available Principal Collections:
  $ 162,359.82  
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):
  $ 6,661,748.10  
 
       
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    4.0520 %
b. Prior Monthly Period:
    4.0887 %
c. Second Prior Monthly Period:
    4.3099 %
2. Three Month Average Base Rate:
    4.1502 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    17.1553 %
b. Prior Monthly Period:
    15.9683 %
c. Second Prior Monthly Period:
    17.6220 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.9152 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 131 -


 

Series 2009-1 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    2,106,471,601.42       1,212,122,000.00       894,349,601.42  
Beginning Adjusted Invested Amount
    N/A       1,212,122,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    36,514,775.67       21,011,611.50       15,503,164.17  
Collections of Principal Receivables
    640,313,769.15       368,454,246.41       271,859,522.74  
Defaulted Amount
    8,418,617.72       4,844,305.40       3,574,312.32  
 
                       
Ending Invested Amount / Transferor Amount
    2,124,888,383.08       1,212,122,000.00       912,766,383.08  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.56875 %     6.21875 %     13.71887 %        
Monthly Interest Due
    1,350,868.06       389,455.61       1,646,739.08       3,387,062.75  
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
    1,350,868.06       389,455.61       1,646,739.08       3,387,062.75  
Investor Default Amount
    3,996,549.35       290,657.05       557,099.00       4,844,305.40  
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
    7,014,084.08       801,324.33       2,436,163.08       10,251,571.49  
 
                               
Reallocated Investor Finance Charge Collections
                            23,171,333.76  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            18.3957 %
Base Rate
                            4.2274 %
Excess Spread Percentage
                            13.8352 %

- 132 -


 

                                 
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
    1,350,868.06       389,455.61       1,646,739.08       3,387,062.75  
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
    1,350,868.06       389,455.61       1,646,739.08       3,387,062.75  
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:
  $ 1.35  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 1.35  
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  

- 133 -


 

         
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:
  $ 5.36  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 5.36  
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  

- 134 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 14,566,501.36  
2. The amount of the distribution in respect of Collateral Minimum Monthly Interest, including Collateral Senior Minimum Monthly Interest:
  $ 1,646,739.08  
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:
  $ 12,919,762.28  
 
       
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  

- 135 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 19,116,337.93  
a. Class A Monthly Interest:
  $ 1,350,868.06  
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):
  $ 3,996,549.35  
e. Excess Spread:
  $ 13,768,920.52  
2. Class B Available Funds:
  $ 1,390,273.91  
a. Class B Monthly Interest:
  $ 389,455.61  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 1,000,818.30  
3. Collateral Available Funds:
  $ 2,664,721.93  
a. Excess Spread:
  $ 2,664,721.93  
4. Total Excess Spread:
  $ 17,434,460.75  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2009-1 Allocable Principal Collections:
  $ 640,313,769.15  
3. Principal Allocation Percentage of Series 2009-1 Allocable Principal Collections:
  $ 368,454,246.41  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 368,454,246.41  
6. Shared Principal Collections from other Series allocated to Series 2009-1:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 4,844,305.40  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 373,298,551.81  

- 136 -


 

         
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:
  $ 373,298,551.81  
 
       
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:
  $ 17,434,460.75  
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:
  $ 290,657.05  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Senior Minimum Monthly Interest:
  $ 591,518.02  
9. Applied to unpaid Monthly Servicing Fee:
  $ 2,020,203.34  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 557,099.00  
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):
  $ 1,055,221.06  
14. Remaining Excess Spread distributed to Collateral Interest Holder(s):
  $ 12,919,762.28  

- 137 -


 

         
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    4.2274 %
b. Prior Monthly Period:
    4.2624 %
c. Second Prior Monthly Period:
    4.4830 %
2. Three Month Average Base Rate:
    4.3243 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    18.3957 %
b. Prior Monthly Period:
    17.1688 %
c. Second Prior Monthly Period:
    18.8225 %
4. Three Month Average Series Adjusted Portfolio Yield:
    18.1290 %
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?
  Yes  

- 138 -


 

Series 2009-2 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    2,633,093,846.37       1,515,155,000.00       1,117,938,846.37  
Beginning Adjusted Invested Amount
    N/A       1,515,155,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    45,643,544.89       26,264,557.70       19,378,987.19  
Collections of Principal Receivables
    800,393,532.09       460,568,567.96       339,824,964.13  
Defaulted Amount
    10,523,289.52       6,055,391.74       4,467,897.78  
 
Ending Invested Amount / Transferor Amount
    2,656,114,861.43       1,515,155,000.00       1,140,959,861.43  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    1.46875 %     3.71875 %     5.46875 %        
Monthly Interest Due
    1,580,946.18       291,085.16       463,785.70       2,335,817.04  
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
    1,580,946.18       291,085.16       463,785.70       2,335,817.04  
Investor Default Amount
    4,995,686.69       363,286.34       696,418.71       6,055,391.74  
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
    8,659,966.20       805,871.50       1,450,629.41       10,916,467.11  
 
                               
Reallocated Investor Finance Charge Collections
                            27,066,196.60  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            16.8716 %
Base Rate
                            3.7775 %
Excess Spread Percentage
                            12.7906 %

- 139 -


 

                                 
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
    1,580,946.18       291,085.16       463,785.70       2,335,817.04  
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
    1,580,946.18       291,085.16       463,785.70       2,335,817.04  
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:
  $ 1.26  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 1.26  
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  

- 140 -


 

         
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:
  $ 3.20  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 3.20  
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  

- 141 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 16,613,515.19  
2. The amount of the distribution in respect of Collateral Senior Minimum Monthly Interest:
  $ 463,785.70  
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:
  $ 16,149,729.49  
 
       
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  

- 142 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 22,329,560.84  
a. Class A Monthly Interest:
  $ 1,580,946.18  
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):
  $ 4,995,686.69  
e. Excess Spread:
  $ 15,752,927.97  
2. Class B Available Funds:
  $ 1,623,805.66  
a. Class B Monthly Interest:
  $ 291,085.16  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 1,332,720.50  
3. Collateral Available Funds:
  $ 3,112,830.10  
a. Excess Spread:
  $ 3,112,830.10  
4. Total Excess Spread:
  $ 20,198,478.57  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2009-2 Allocable Principal Collections:
  $ 800,393,532.09  
3. Principal Allocation Percentage of Series 2009-2 Allocable Principal Collections:
  $ 460,568,567.96  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 460,568,567.96  
6. Shared Principal Collections from other Series allocated to Series 2009-2:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 6,055,391.74  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 466,623,959.70  

- 143 -


 

         
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:
  $ 466,623,959.70  
 
       
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:
  $ 20,198,478.57  
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:
  $ 363,286.34  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Senior Minimum Monthly Interest:
  $ 463,785.70  
9. Applied to unpaid Monthly Servicing Fee:
  $ 2,525,258.33  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 696,418.71  
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):
  $ 16,149,729.49  

- 144 -


 

         
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    3.7775 %
b. Prior Monthly Period:
    3.8124 %
c. Second Prior Monthly Period:
    4.0330 %
2. Three Month Average Base Rate:
    3.8743 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    16.8716 %
b. Prior Monthly Period:
    15.6920 %
c. Second Prior Monthly Period:
    17.3452 %
4. Three Month Average Series Adjusted Portfolio Yield:
    16.6363 %
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:
  $ 3,328,785.52  
3. Monthly Interest previously due but not paid:
  $ 0.02  
4. Additional Interest:
  $ 0.00  
5. Additional Interest previously due but not paid:
  $ 0.00  
6. Reassignment Amount:
  $ 1,518,483,785.54  

- 145 -


 

Series 2010-1 Certificates
                         
    Series     Total Investor        
A. Investor/Transferor Allocations   Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,790,501,382.56       1,030,304,000.00       760,197,382.56  
Beginning Adjusted Invested Amount
    N/A       1,030,304,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    31,037,568.35       17,859,874.97       13,177,693.38  
Collections of Principal Receivables
    544,266,862.26       313,186,200.65       231,080,661.61  
Defaulted Amount
    7,155,827.15       4,117,660.79       3,038,166.36  
 
                       
Ending Invested Amount / Transferor Amount
    1,806,155,651.53       1,030,304,000.00       775,851,651.53  
                                 
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 (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)
    0.00       0.00       0.00       0.00  
Required Reserve Account Amount
    0.00       0.00       0.00       0.00  
 
                               
LIBOR Determination Date
  April 13, 2011     April 13, 2011     April 13, 2011          
Coupon April 15, 2011 - May 15, 2011
    0.46875 %     0.81875 %     1.41875 %        
Monthly Interest Due
    343,098.96       43,583.84       81,817.34       468,500.14  
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
    343,098.96       43,583.84       81,817.34       468,500.14  
Investor Default Amount
    3,397,066.95       247,058.69       473,535.15       4,117,660.79  
Investor Monthly Fees Due
    1,416,666.67       103,030.00       197,476.67       1,717,173.34  
Investor Additional Amounts Due
    0.00       0.00       0.00       0.00  
Total Due
    5,156,832.58       393,672.53       752,829.16       6,303,334.27  
 
                               
Reallocated Investor Finance Charge Collections
                            17,285,135.40  
Interest and Principal Funding Investment Proceeds
                            0.00  
Interest on Reserve Account
                            0.00  
Series Adjusted Portfolio Yield
                            15.5492 %
Base Rate
                            2.4978 %
Excess Spread Percentage
                            12.7906 %

- 146 -


 

                                 
C. Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance
    850,000,000.00       61,818,000.00       118,486,000.00       1,030,304,000.00  
Distributions of Interest
    343,098.96       43,583.84       81,817.34       468,500.14  
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
    343,098.96       43,583.84       81,817.34       468,500.14  
Ending Certificates Balance
    850,000,000.00       61,818,000.00       118,486,000.00       1,030,304,000.00  
         
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:
  $ 0.40  
2. The amount of the distribution in respect of Class A Monthly Interest:
  $ 0.40  
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  

- 147 -


 

         
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:
  $ 0.71  
2. The amount of the distribution in respect of Class B Monthly Interest:
  $ 0.71  
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  

- 148 -


 

         
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.
       
1. The total amount distributed to the Collateral Interest Holder:
  $ 11,063,618.47  
2. The amount of the distribution in respect of Collateral Senior Minimum Monthly Interest:
  $ 81,817.34  
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:
  $ 10,981,801.13  
 
       
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  

- 149 -


 

         
J. Application of Reallocated Investor Finance Charge Collections.
       
1. Class A Available Funds:
  $ 14,260,223.28  
a. Class A Monthly Interest:
  $ 343,098.96  
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):
  $ 3,397,066.95  
e. Excess Spread:
  $ 10,520,057.37  
2. Class B Available Funds:
  $ 1,037,104.10  
a. Class B Monthly Interest:
  $ 43,583.84  
b. Class B Outstanding Monthly Interest:
  $ 0.00  
c. Class B Additional Interest:
  $ 0.00  
d. Excess Spread:
  $ 993,520.26  
3. Collateral Available Funds:
  $ 1,987,808.02  
a. Excess Spread:
  $ 1,987,808.02  
4. Total Excess Spread:
  $ 13,501,385.65  
 
       
K. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2010-1 Allocable Principal Collections:
  $ 544,266,862.26  
3. Principal Allocation Percentage of Series 2010-1 Allocable Principal Collections:
  $ 313,186,200.65  
4. Reallocated Principal Collections Required to fund the Required Amount:
  $ 0.00  
5. Item 3 minus item 4:
  $ 313,186,200.65  
6. Shared Principal Collections from other Series allocated to Series 2010-1:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 4,117,660.79  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 317,303,861.44  

- 150 -


 

         
L. Application of Available Principal Collections during Revolving Period.
       
1. Collateral Invested Amount:
  $ 118,486,000.00  
2. Required Collateral Invested Amount:
  $ 118,486,000.00  
3. Excess of Collateral Invested Amount over Required Collateral Invested Amount:
  $ 0.00  
4. Treated as Shared Principal Collections:
  $ 317,303,861.44  
 
       
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 2010-1.
       
1. Excess Spread:
  $ 13,501,385.65  
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:
  $ 247,058.69  
7. Reduction of Class B Invested Amount treated as Available Principal Collections:
  $ 0.00  
8. Applied to Collateral Senior Minimum Monthly Interest:
  $ 81,817.34  
9. Applied to unpaid Monthly Servicing Fee:
  $ 1,717,173.34  
10. Collateral Default Amount treated as Available Principal Collections:
  $ 473,535.15  
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):
  $ 10,981,801.13  

- 151 -


 

         
O. Yield and Base Rate.
       
1. Base Rate:
       
a. Current Monthly Period:
    2.4978 %
b. Prior Monthly Period:
    2.5327 %
c. Second Prior Monthly Period:
    2.7533 %
2. Three Month Average Base Rate:
    2.5946 %
3. Series Adjusted Portfolio Yield:
       
a. Current Monthly Period:
    15.5492 %
b. Prior Monthly Period:
    14.4123 %
c. Second Prior Monthly Period:
    16.0654 %
4. Three Month Average Series Adjusted Portfolio Yield:
    15.3423 %
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:
  $ 1,030,304,000.00  
2. Monthly Interest:
  $ 1,010,536.11  
3. Monthly Interest previously due but not paid:
  $ 0.02  
4. Additional Interest:
  $ 0.00  
5. Additional Interest previously due but not paid:
  $ 0.00  
6. Reassignment Amount:
  $ 1,031,314,536.09  

- 152 -


 

Series 2009-D-I Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    36,206,115.67       20,834,000.00       15,372,115.67  
Beginning Adjusted Invested Amount
    N/A       20,834,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    627,617.38       361,148.39       266,468.99  
Collections of Principal Receivables
    11,005,737.93       6,333,005.90       4,672,732.03  
Defaulted Amount
    144,699.53       83,264.11       61,435.42  
 
Ending Invested Amount / Transferor Amount
    36,522,664.03       20,834,000.00       15,688,664.03  
         
B. Monthly Period Funding Requirements   Total  
LIBOR Determination Date
  April 13, 2011
Coupon April 15, 2011 - May 15, 2011
    18.96875 %
Monthly Interest Due
    340,306.75  
Outstanding Monthly Interest Due
    0.00  
Additional Interest Due
    0.00  
Total Interest Due
    340,306.75  
Investor Default Amount
    83,264.11  
Investor Monthly Fees Due
    34,723.33  
Investor Additional Amounts Due
    0.00  
Total Due
    458,294.19  
 
       
Investor Finance Charge Collections
    361,148.39  
 
C. Certificates - Balances and Distributions   Total  
Beginning Certificates Balance
    20,834,000.00  
Distributions of Interest
    340,306.75  
Distributions of Principal
    0.00  
Total Distributions
    340,306.75  
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
  $ 16.33  
(2) The amount of the distribution in respect of Monthly Interest
  $ 16.33  
(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  

- 153 -


 

         
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
    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  
(aggregate of Scheduled Partial Amortization Amounts)
                                     
         
G. Application of Investor Finance Charge Collections.
       
1. Available Funds
  $ 361,148.39  
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):
  $ 83,264.11  
d. Monthly Interest
  $ 277,884.28  
e. Outstanding Monthly Interest
  $ 0.00  
f. Additional Interest
  $ 0.00  
2. Excess Spread:
  $ 0.00  
 
       
H. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %

- 154 -


 

         
2. Series 2009-D-I Allocable Principal Collections:
  $ 11,005,737.93  
3. Principal Allocation Percentage of Series 2009-D-I Allocable Principal Collections:
  $ 6,333,005.90  
4. Aggregate amount of Reallocated Principal Collections required to fund the Referenced Series Adjusted Shortfalls
  $ 0.00  
5. Item 3 minus item 4:
  $ 6,333,005.90  
6. Shared Principal Collections from other Series allocated to Series 2009-D-I:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 83,264.11  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 6,416,270.01  
 
       
I. Application of Available Principal Collections during Revolving Period.
       
1. Treated as Shared Principal Collections:
  $ 6,416,270.01  
 
       
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:
  $ 97,145.80  
3. Applied to fund Required Amount:
  $ 62,422.47  
4. Investor Charge-Offs treated as Available Principal Collections:
  $ 0.00  
5. Applied to unpaid Monthly Servicing Fee:
  $ 34,723.33  

- 155 -


 

         
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
    Referenced   Series   portion of   Scheduled   reductions of
    Series   Shortfall   Reallocated   Partial   Scheduled Partial
    Adjusted   Coverage   Principal   Amortization   Amortization
Series   Shortfall   Amount   Collections   Amount   Amount
2006-2
    0.00       0.00       0.00       0.00       0.00  
 
                                       
Aggregate for all Referenced Series
                                       
 
    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  

- 156 -


 

Series 2009-D-II Certificates
                         
            Total Investor        
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors’ Interest  
Beginning Invested Amount/Transferor Amount
    1,359,001,435.18       782,007,000.00       576,994,435.18  
Beginning Adjusted Invested Amount
    N/A       782,007,000.00       N/A  
Floating Allocation Percentage
    N/A       57.5428 %     42.4572 %
Principal Allocation Percentage
    N/A       57.5428 %     42.4572 %
Collections of Finance Charge Receivables
    23,557,703.08       13,555,753.68       10,001,949.40  
Collections of Principal Receivables
    413,101,857.46       237,710,230.38       175,391,627.08  
Defaulted Amount
    5,431,316.31       3,125,329.57       2,305,986.74  
 
                       
Ending Invested Amount / Transferor Amount
    1,370,883,120.50       782,007,000.00       588,876,120.50  
         
B. Monthly Period Funding Requirements   Total  
LIBOR Determination Date
  April 13, 2011
Coupon April 15, 2011 - May 15, 2011
    20.21875 %
Monthly Interest Due
    13,615,203.47  
Outstanding Monthly Interest Due
    0.00  
Additional Interest Due
    0.00  
Total Interest Due
    13,615,203.47  
Investor Default Amount
    3,125,329.57  
Investor Monthly Fees Due
    1,303,345.00  
Investor Additional Amounts Due
    0.00  
Total Due
    18,043,878.04  
 
Investor Finance Charge Collections
    13,555,753.68  
 
C. Certificates - Balances and Distributions   Total  
Beginning Certificates Balance
    782,007,000.00  
Distributions of Interest
    13,615,203.47  
Distributions of Principal
    0.00  
Total Distributions
    13,615,203.47  
Ending Certificates Balance
    782,007,000.00  
 
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
  $ 17.41  
(2) The amount of the distribution in respect of Monthly Interest
  $ 17.41  
(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  

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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
    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  
2005-2
    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  
2005-7
    30,625,000.00       0.00       0.00       0.00       0.00       30,625,000.00  
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  
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  
2007-5
    33,334,000.00       0.00       0.00       0.00       0.00       33,334,000.00  
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  
2008-2
    90,908,000.00       0.00       0.00       0.00       0.00       90,908,000.00  
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  
2008-9
    41,667,000.00       0.00       0.00       0.00       0.00       41,667,000.00  
 
                                               
Series 2009-D-II Invested Amount
    782,007,000.00       0.00       0.00       0.00       0.00       782,007,000.00  
(aggregate of Scheduled Partial Amortization Amounts)

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G. Application of Investor Finance Charge Collections.
       
1. Available Funds
  $ 13,555,753.68  
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):
  $ 3,125,329.57  
d. Monthly Interest
  $ 10,430,424.11  
e. Outstanding Monthly Interest
  $ 0.00  
f. Additional Interest
  $ 0.00  
2. Excess Spread:
  $ 0.00  
 
       
H. Reallocated Principal Collections.
       
1. Principal Allocation Percentage:
    57.5428 %
2. Series 2009-D-II Allocable Principal Collections:
  $ 413,101,857.46  
3. Principal Allocation Percentage of Series 2009-D-II Allocable Principal Collections:
  $ 237,710,230.38  
4. Aggregate amount of Reallocated Principal Collections required to fund the Referenced Series Adjusted Shortfalls
  $ 0.00  
5. Item 3 minus item 4:
  $ 237,710,230.38  
6. Shared Principal Collections from other Series allocated to Series 2009-D-II:
  $ 0.00  
7. Other amounts treated as Available Principal Collections:
  $ 3,125,329.57  
8. Available Principal Collections (total of items 5., 6. & 7.):
  $ 240,835,559.95  
 
       
I. Application of Available Principal Collections during Revolving Period.
       
1. Treated as Shared Principal Collections:
  $ 240,835,559.95  
 
       
J. Application of Principal Collections During Scheduled Partial Amortization Period or Early Amortization Period.
       
1. Retained during an Early Amortization Period
  $ 0.00  

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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:
  $ 4,488,124.36  
3. Applied to fund Required Amount:
  $ 3,184,779.36  
4. Investor Charge-Offs treated as Available Principal Collections:
  $ 0.00  
5. Applied to unpaid Monthly Servicing Fee:
  $ 1,303,345.00  
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  

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

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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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