Exhibit 99.01

 

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 Fourth Amended and Restated Pooling and Servicing Agreement, dated as of April 1, 2018 (as amended, restated, supplemented and/or otherwise modified from time to time, the “Agreement”), among TRS, as Servicer, American Express Receivables Financing Corporation III LLC, as Transferor, and The Bank of New York Mellon, 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 April 15, 2026 and covers activity from March 01, 2026 through March 31, 2026.

 

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 10th day of April 2026.

 

  AMERICAN EXPRESS TRAVEL RELATED
  SERVICES COMPANY, INC., as Servicer
   
  By: /s/ Hitesh Arora 
  Name: Hitesh Arora
  Title: Director, Controllership

 

 

A.  Trust Activity

 

   Trust Totals 
Record Date   March 31, 2026 
Number of days in Monthly Period   31 
Beginning Number of Accounts   12,366,594 
Beginning Principal Receivable Balance, including any Additions, Removals, or Adjustments of Principal Receivables during the Monthly Period   24,408,962,363.68 
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   24,408,962,363.68 
Finance Charge Collections (excluding Recoveries)   662,891,223.67 
Collections of Discount Option Receivables   0.00 
Recoveries   16,403,085.79 
Total Collections of Finance Charge Receivables   679,294,309.46 
Total Collections of Principal Receivables   12,540,413,035.83 
Monthly Payment Rate   49.7190%
Defaulted Amount   42,390,348.42 
Annualized Default Rate   1.9906%
Annualized Default Rate, Net of Recoveries   1.2204%
Trust Portfolio Yield   30.7224%
New Principal Receivables   13,246,820,662.21 
Ending Number of Accounts   12,338,435 
Ending Principal Receivables Balance   25,072,979,641.64 
Ending Required Minimum Principal Balance   15,958,313,840.00 
Ending Transferor Amount   10,158,667,641.64 
Ending Special Funding Account Balance   0.00 
Ending Total Principal Balance   25,072,979,641.64 
Ending Total Receivables   26,342,413,032.10 

 

 

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                                                      
2023-1   1,428,573,000.00     1,428,573,000.00     0.00     100,000,110.00     9.58 %   65,066,461.63     1,571,175.76     1,201,188,192.38     4,060,375.51  
2023-2   571,430,000.00     571,430,000.00     0.00     40,000,100.00     3.83 %   26,026,621.09     628,471.18     480,475,949.62     1,624,152.48  
2023-3   971,433,000.00     971,433,000.00     0.00     68,000,310.00     6.51 %   44,245,346.95     1,068,403.21     816,810,796.01     2,761,064.90  
2023-4   971,433,000.00     971,433,000.00     0.00     68,000,310.00     6.51 %   44,245,346.95     1,068,403.21     816,810,796.01     2,761,064.90  
2024-1   1,142,859,000.00     1,142,859,000.00     0.00     80,000,130.00     7.66 %   52,053,196.64     1,256,941.27     960,951,058.40     3,248,302.11  
2024-2   1,142,859,000.00     1,142,859,000.00     0.00     80,000,130.00     7.66 %   52,053,196.64     1,256,941.27     960,951,058.40     3,248,302.11  
2024-3   1,371,433,000.00     1,371,433,000.00     0.00     96,000,310.00     9.20 %   62,463,936.16     1,508,331.94     1,153,143,119.91     3,897,968.79  
2025-1   1,600,000,000.00     1,600,000,000.00     0.00     112,000,000.00     10.73 %   72,874,356.87     1,759,714.91     1,345,329,295.60     4,547,615.57  
2025-2   1,714,287,000.00     1,714,287,000.00     0.00     120,000,090.00     11.49 %   78,079,726.63     1,885,410.25     1,441,425,326.35     4,872,448.91  
2025-3   1,142,859,000.00     1,142,859,000.00     0.00     80,000,130.00     7.66 %   52,053,196.64     1,256,941.27     960,951,058.40     3,248,302.11  
2025-4   1,714,287,000.00     1,714,287,000.00     0.00     120,000,090.00     11.49 %   78,079,726.63     1,885,410.25     1,441,425,326.35     4,872,448.91  
2025-5   1,142,859,000.00     1,142,859,000.00     0.00     80,000,130.00     7.66 %   52,053,196.64     1,256,941.27     960,951,058.40     3,248,302.11  
                                                       
Total   14,914,312,000.00     14,914,312,000.00     0.00     1,044,001,840.00     100.00 %   679,294,309.47     16,403,085.79     12,540,413,035.83     42,390,348.41  
                                                       
Group 2                                                      
2012-A   0.00     0.00     0.00     0.00     0.00 %   0.00     0.00     0.00     0.00  
                                                       
Total   0.00     0.00     0.00     0.00     0.00 %   0.00     0.00     0.00     0.00  
                                                       
Trust   14,914,312,000.00     14,914,312,000.00     0.00     1,044,001,840.00     100.00 %   679,294,309.47     16,403,085.79     12,540,413,035.83     42,390,348.41  

 

 

C.  Group Allocations

 

                               Reallocated         
       Investor                       Investor   Investment     
       Finance   Investor   Investor   Investor   Investor       Finance   Funding     
       Charge   Monthly   Default   Monthly   Additional       Charge   Account     
   Invested Amount   Collections   Interest   Amount   Fees    Amounts   Total   Collections   Proceeds   Available Excess 
Group 1                                        
2023-1  1,428,573,000.00   39,756,770.28   5,998,996.12   2,480,961.96   2,380,955.00   0.00   10,860,913.08   39,923,023.99   0.00   29,062,110.91 
2023-2  571,430,000.00   15,902,730.38   2,374,769.40   992,386.18   952,383.33   0.00   4,319,538.91   15,944,399.55   0.00   11,624,860.64 
2023-3  971,433,000.00   27,034,697.30   4,367,303.81   1,687,059.97   1,619,055.01   0.00   7,673,418.79   27,435,722.56   0.00   19,762,303.77 
2023-4  971,433,000.00   27,034,697.30   4,319,157.68   1,687,059.97   1,619,055.01   0.00   7,625,272.66   27,387,576.43   0.00   19,762,303.77 
2024-1  1,142,859,000.00   31,805,432.93   5,148,521.77   1,984,770.61   1,904,765.00   0.00   9,038,057.38   32,287,758.32   0.00   23,249,700.94 
2024-2  1,142,859,000.00   31,805,432.93   5,167,212.36   1,984,770.61   1,904,765.00   0.00   9,056,747.97   32,306,448.91   0.00   23,249,700.94 
2024-3  1,371,433,000.00   38,166,580.73   5,522,736.71   2,381,728.56   2,285,721.67   0.00   10,190,186.94   38,089,872.82   0.00   27,899,685.88 
2025-1  1,600,000,000.00   44,527,533.74   6,269,750.00   2,778,674.34   2,666,666.66   0.00   11,715,091.00   44,264,619.42   0.00   32,549,528.42 
2025-2  1,714,287,000.00   47,708,107.64   6,369,149.11   2,977,153.32   2,857,145.00   0.00   12,203,447.43   47,077,968.32   0.00   34,874,520.89 
2025-3  1,142,859,000.00   31,805,432.93   4,473,758.88   1,984,770.61   1,904,765.00   0.00   8,363,294.49   31,612,995.43   0.00   23,249,700.94 
2025-4  1,714,287,000.00   47,708,107.64   6,406,506.32   2,977,153.32   2,857,145.00   0.00   12,240,804.64   47,115,325.53   0.00   34,874,520.89 
2025-5  1,142,859,000.00   31,805,432.93   4,476,008.92   1,984,770.61   1,904,765.00   0.00   8,365,544.53   31,615,245.47   0.00   23,249,700.94 
                                         
Total  14,914,312,000.00   415,060,956.73   60,893,871.08   25,901,260.06   24,857,186.68   0.00   111,652,317.82   415,060,956.75   0.00   303,408,638.93 
                                         
Group 2                                        
2012-A  0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00 
                                         
Total  0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00   0.00 
                                         
Trust Total  14,914,312,000.00   415,060,956.73   60,893,871.08   25,901,260.06   24,857,186.68   0.00   111,652,317.82   415,060,956.75   0.00   303,408,638.93 

 

   Group Investor Finance       Group Reallocable Investor 
   Charge Collections   Group Expenses   Finance Charge Collections 
Group 1  415,060,956.73   111,652,317.82   303,408,638.91 
Group 2  0.00   0.00   0.00 

 

 

D. Trust Performance        
         
Delinquencies: (a)        

 

       Percentage of Ending Total       Percentage of Total 
   Dollar Amount   Receivables   Number of Accounts   Number of Accounts 
31-60 Days Delinquent   60,069,367    0.23%   7,233    0.06%
61-90 Days Delinquent   44,334,428    0.17%   4,728    0.04%
91-120 Days Delinquent   36,974,978    0.14%   3,791    0.03%
120+ Days Delinquent   56,788,639    0.22%   5,702    0.05%
Total 30+ Days Delinquent   198,167,412    0.75%   21,454    0.17%

 

Loss Experience:

 

Ending Principal Receivables Balance   25,072,979,641.64 
Defaulted Amount   42,390,348.42 
Recoveries   16,403,085.79 
Net Default Amount   25,987,262.63 
Annualized Default Rate   1.99%
Annualized Recovery Rate   0.77%
Annualized Default Rate, Net of Recoveries   1.22%
Number of Accounts Experiencing a Loss   7,288 
Number of Accounts Experiencing a Recovery   29,882 
Average Net Default Amount per Account Experiencing a Loss   3,565.76 

 

E. Repurchases and Replacements

 

Information required by Rule 15Ga-1(a) concerning the Trust:

 

No activity to report for reporting period.

 

Most recent Form ABS-15G:

 

Form ABS-15G filed on Feb 11, 2026 under CIK number 0001283434

 

F. Asset Review

 

Information required by Item 1121(d)(1) of Regulation AB concerning the Trust:

 

No activity to report for reporting period.

 

Information required by Item 1121(d)(2) of Regulation AB concerning the Trust:

 

There has been no change to the Asset Representation Reviewer during the reporting period.

.

  

G. Investor Communication

 

Information required by Item 1121(e) of Regulation AB concerning the Trust:

 

No activity to report for reporting period.

 

H. Credit Risk Retention (5)    

 

   As of the last day of the   As of the last day of the                 
   Monthly Period   Prior Monthly Period                 
Required Seller's Interest Amount   652,500,000.00    652,550,000.00                 
Seller's Interest Amount   10,158,667,641.64    9,493,500,363.68                 
Seller's Interest Percentage   77.84%   72.74%                

 

(5) Only applies on or after the date compliance with respect to Regulation RR is required

 

  

 

Series 2012-A Certificates          

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   0.00    0.00    0.00      
Beginning Adjusted Invested Amount   N/A    0.00    N/A      
Floating Allocation Percentage   N/A    0.0000%   100.0000%     
Principal Allocation Percentage   N/A    0.0000%   100.0000%     
Collections of Finance Charge Receivables   0.00    0.00    0.00      
Collections of Principal Receivables   0.00    0.00    0.00      
Defaulted Amount   0.00    0.00    0.00      
                     
Ending Invested Amount / Transferor Amount   0.00    0.00    0.00      

 

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 
Required Reserve Account Amount   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 and Reserve Account Withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Periodic Term SOFR Determination Date   March 12, 2026    March 12, 2026    March 12, 2026      
Increase Periodic Term SOFR Determination Date   N/A    N/A    N/A      
Coupon (3/16/26 to 4/14/26)   N/A    N/A    N/A      
Monthly Interest Due   0.00    0.00    0.00    0.00 
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   0.00    0.00    0.00    0.00 
Investor Default Amount   0.00    0.00    0.00    0.00 
Investor Monthly Fees Due   0.00    0.00    0.00    0.00 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Additional Transaction Costs (not included in Monthly Interest)   0.00    0.00         0.00 
Total Due   0.00    0.00    0.00    0.00 
                     
Reallocated Investor Finance Charge Collections                  0.00 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  0.0000%
Base Rate                  0.0000%
Excess Spread Percentage                  0.0000%

 

C. Certificates - Balances and Distributions  Class A   Class B   Collateral Interest   Total 
Beginning Certificates Balance   0.00    0.00    0.00    0.00 
Invested Amount Increases   0.00    0.00    0.00    0.00 
Distributions of Interest   0.00    0.00    0.00    0.00 
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   0.00    0.00    0.00    0.00 
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 certificate principal amount.        
           
  1. The total amount of the distribution:   $ 0.00  
             
  2. The amount of the distribution in respect of Class A Monthly Interest:   $ 0.00  
             
  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  
             
  6. The amount of the distribution in respect of Class A Additional Transaction Costs (not included in Class A Monthly Interest):   $ 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 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 certificate principal amount:   $ 0.00  
             
  5. The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:   $ 0.00  
             
F. Information regarding distributions in respect of the Class B Certificates per $1,000 certificate principal amount.        
           
  1. The total amount of the distribution in respect of Class B Certificates:   $ 0.00  
             
  2. The amount of the distribution in respect of Class B Monthly Interest:   $ 0.00  
             
  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  
             
  6. The amount of the distribution in respect of Class B Additional Transaction Costs (not included in Class B Monthly Interest):   $ 0.00  

 

 

G. Amount of reductions in Class B Invested Amount pursuant to clauses (d), (e), and (f) 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 (d), (e), and (f) of the definition of Class B Invested Amount:  $0.00 
          
  2. The amount of the reductions in the Class B Invested Amount per $1,000 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 certificate principal amount:  $0.00 
          
  5. The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H. Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  1. The total amount distributed to the Collateral  Interest Holder:  $3,555.26 
          
  2. The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $0.00 
          
  3. The amount of the distribution in respect of Collateral Senior Additional Interest (including in respect of Collateral Senior Minimum Monthly 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $3,555.26 
          
I. Amount of reductions in Collateral Invested Amount pursuant to clauses (d), (e), and (f) of the definition of Collateral Invested Amount.     
        
1. The amount of reductions in the Collateral Invested Amount pursuant to clauses (d), (e), and (f) of the definition of Collateral Invested Amount:  $0.00 
          
2. The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections     
        
  1. Class A Available Funds  $0.00 
          
    a. Class A Monthly Interest  $0.00 
    b. Class A Outstanding Monthly Interest  $0.00 
    c. Class A Additional Interest  $0.00 
    d. Class A Investor Default Amount (treated as Available Principal Collections)  $0.00 
    e. Excess Spread  $0.00 
          
  2. Class B Available Funds  $0.00 
          
    a. Class B Monthly Interest  $0.00 
    b. Class B Outstanding Monthly Interest  $0.00 
    c. Class B Additional Interest  $0.00 
    d. Excess Spread  $0.00 
          
  3. Collateral Available Funds  $0.00 
          
    a. Excess Spread  $0.00 
          
  4. Total Excess Spread  $0.00 
          
K.   Reallocated Principal Collections     
        
  1. Principal Allocation Percentage   0.0000%
          
  2. Series 2012-A Allocable Principal Collections  $0.00 
          
  3. Principal Allocation Percentage of Series 2012-A Allocable Principal Collections  $0.00 
          
  4. Reallocated Principal Collections Required to fund the Required Amount  $0.00 
          
  5. Item 3 minus Item 4  $0.00 
          
  6. Shared Principal Collections from other Series allocated to Series 2012-A  $0.00
          
  7. Other amounts treated as Available Principal Collections  $0.00 
          
  8. Available Principal Collections (total of items 5, 6 & 7)  $0.00 
          
L.  Application of Available Principal Collections during Revolving Period     
        
1. Treated as Shared Principal Collections  $0.00 
          
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, Excess Finance Charge Collections and Available Interest Reserve Account Amount Allocated to Series 2012-A    
        
  1. Excess Spread  $0.00 
  2. Excess Finance Charge Collections  $0.00 
  3. Available Interest Reserve Account Amount  $3,555.26 
  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  $0.00 
  8. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
  9. Applied to Collateral Senior Minimum Monthly Interest  $0.00 
  10. Applied to unpaid Monthly Servicing Fee  $0.00 
  11. Collateral Default Amount treated as Available Principal Collections  $0.00 
  12. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
  13. Deposited to Reserve Account  $0.00 
  14. Applied to pay Class A Additional Transaction Costs (not included in Class A Monthly Interest)  $0.00 
  15. Applied to pay Class B Additional Transaction $ 0.00 Costs (not included in Class B Monthly Interest)  $0.00 
  16. Applied to any remaining Collateral Minimum Monthly Interest  $0.00 
  17. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $3,555.26 
  (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $3,555.26 
18. Available Excess Overpayment Account Amount distributed to Collateral Interest Holder  $0.00 
          
O. Funding of Interest Reserve Account on Interest Reserve Account Funding Date (if applicable)     
        
  1. Interest Reserve Account Opening Balance  $3,555.26 
          
  2. Excess of Excess Finance Charge Collections over aggregate Finance Charge Shortfalls  $0.00 
          
  3. Deposited to Interest Reserve Account  $0.00 
          
  4. Remaining Excess Finance Charge Collections distributed to the holders of the Transferor Certificates  $0.00 
          
P. Funding of Excess Overpayment Account Amount     
        
  1. Excess Overpayment Account Opening Balance  $0.00 
          
  2. Amount deposited into Excess Overpayment Account in respect of Class A Certificates  $0.00 
          
  3. Amount deposited into Excess Overpayment Account in respect of Class B Certificates  $0.00 
          
  4. Remaining Excess Finance Charge Collections distributed to the holders of the Transferor Certificates  $0.00 
          
  5. Available Excess Overpayment Account Amount distributed to the Collateral Interest Holder  $0.00 

 

 

Q. Yield and Base Rate    
            
  1. Base Rate     
          
    a. Current Monthly Period   N/A
    b. Prior Monthly Period   6.4949%
    c. Second Prior Monthly Period   6.1359%
            
  2. Three Month Average Base Rate   N/A 
          
  3. Series Adjusted Portfolio Yield     
          
    a. Current Monthly Period   N/A
    b. Prior Monthly Period   34.2211%
    c. Second Prior Monthly Period   31.4326%
            
  4. Three Month average Series Adjusted Portfolio Yield   N/A 
          
5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average base rate?   N/A 
            
R.   Reassignment Amount     
        
1. Adjusted Invested Amount   0.00 
          
2. Monthly Interest   0.00 
          
3. Monthly Interest previously due but not paid   0.00 
          
4. Additional Interest   0.00 
          
5. Additional Interest previously due but not paid   0.00 
          
6. Reassignment Amount   0.00 

 

 

Series 2023-1 Certificates

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   2,338,021,666.09    1,428,573,000.00    909,448,666.09      
Beginning Adjusted Invested Amount   N/A    1,428,573,000.00    N/A      
Floating Allocation Percentage   N/A    61.1018%   38.8982%     
Principal Allocation Percentage   N/A    61.1018%   38.8982%     
Collections of Finance Charge Receivables   65,066,461.63    39,756,770.28    25,309,691.35      
Collections of Principal Receivables   1,201,188,192.38    733,947,441.31    467,240,751.07      
Defaulted Amount   4,060,375.51    2,480,961.96    1,579,413.55      
                     
Ending Invested Amount / Transferor Amount   2,401,624,811.50    1,428,573,000.00    973,051,811.50      

 

B.  Monthly Period Funding Requirements  Class A   Class B   Collateral Interest   Total 
Principal Funding Account Balance   0.00    0.00    0.00    0.00 
Investment Proceeds for Monthly Period   0.00    0.00    0.00    0.00 
Required Reserve Account Amount   6,250,000.00    0.00    0.00    6,250,000.00 
Reserve Account Opening Balance   6,250,000.00    0.00    0.00    6,250,000.00 
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)   0.00    0.00    0.00    0.00 
Reserve Account Closing Balance (after giving effect to any principal distributions and Reserve Account withdrawals on the related Distribution Date)   6,250,000.00    0.00    0.00    6,250,000.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   4.87000%   5.12000%   6.69600%     
Monthly Interest Due   5,072,916.67    228,573.87    697,505.58    5,998,996.12 
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   5,072,916.67    228,573.87    697,505.58    5,998,996.12 
Investor Default Amount   2,170,839.33    93,036.96    217,085.67    2,480,961.96 
Investor Monthly Fees Due   2,083,333.33    89,286.67    208,335.00    2,380,955.00 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   9,327,089.33    410,897.50    1,122,926.25    10,860,913.08 
                     
Reallocated Investor Finance Charge Collections                  39,923,023.99 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  30.8595%
Base Rate                  7.1369%
Excess Spread Percentage                  24.4121%

 

C. Certificates - Balances and Distributions  Class A   Class B   Collateral Interest   Total 
Beginning Certificates Balance   1,250,000,000.00    53,572,000.00    125,001,000.00    1,428,573,000.00 
Distributions of Interest   5,072,916.67    228,573.87    697,505.58    5,998,996.12 
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   5,072,916.67    228,573.87    697,505.58    5,998,996.12 
Ending Certificates Balance   1,250,000,000.00    53,572,000.00    125,001,000.00    1,428,573,000.00 

 

 

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:  $4.06 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $4.06 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.27 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.27 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  (1) The total amount distributed to the Collateral Interest Holder:  $29,759,616.49 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $697,505.58 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $29,062,110.91 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections      
         
  1. Class A Available Funds   $ 34,932,607.57  
             
    a. Class A Monthly Interest   $ 5,072,916.67  
    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)   $ 2,170,839.33  
    e. Excess Spread   $ 27,688,851.57  
               
  2. Class B Available Funds   $ 1,497,127.72  
             
    a. Class B Monthly Interest   $ 228,573.87  
    b. Class B Outstanding Monthly Interest   $0.00  
    c. Class B Additional Interest   $0.00  
    d. Excess Spread   $ 1,268,553.85  
               
  3. Collateral Available Funds   $ 3,493,288.70  
             
    a. Excess Spread   $ 3,493,288.70  
               
  4. Total Excess Spread   $ 32,450,694.12  
             
K. Reallocated Principal Collections      
         
  1. Principal Allocation Percentage   61.1018%  
           
  2. Series 2023-1 Allocable Principal Collections   $ 1,201,188,192.38  
             
  3. Principal Allocation Percentage of Series 2023-1 Allocable Principal Collections   $ 733,947,441.31  
             
  4. Reallocated Principal Collections Required to fund the Required Amount   $ 0.00  
             
  5. Item 3 minus Item 4   $ 733,947,441.31  
             
  6. Shared Principal Collections from other Series allocated to Series 2023-1   $ 0.00  
             
  7. Other amounts treated as Available Principal Collections:   $ 2,480,961.96  
             
  8. Available Principal Collections (total of items 5, 6 and 7)   $ 736,428,403.27  
             
L. Application of Available Principal Collections during Revolving Period      
         
  1. Collateral Invested Amount   $ 125,001,000.00  
             
  2. Required Collateral Invested Amount   $ 125,001,000.00  
             
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 736,428,403.27  

 

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 2023-1     
        
  1. Excess Spread  $32,450,694.12 
  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  $93,036.96 
  7. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
  8. Applied to Collateral Senior Minimum Monthly Interest  $325,597.19 
  9. Applied to unpaid Monthly Servicing Fee  $2,380,955.00 
  10. Collateral Default Amount treated as Available Principal Collections  $217,085.67 
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
  12. Deposited to Reserve Account  $0.00 
  13. Applied to any remaining Collateral Minimum Monthly Interest  $371,908.39 
  14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $0.00 
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $29,062,110.91 
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)   N/A 
          
O.  Yield and Base Rate     
        
  1. Base Rate     
    a. Current Monthly Period   7.1369%
    b. Prior Monthly Period   7.9299%
    c. Second Prior Monthly Period   6.4881%
            
  2. Three Month Average Base Rate   7.1850%
          
  3. Series Adjusted Portfolio Yield     
    a. Current Monthly Period   30.8595%
    b. Prior Monthly Period   34.3728%
    c. Second Prior Monthly Period   31.5696%
            
  4. Three Month average Series Adjusted Portfolio Yield   32.2673%
          
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?    Yes 

 

 

P. Reassignment Amount    
       
  Adjusted Invested Amount  $1,428,573,000.00 
  Monthly Interest  $5,998,996.12 
  Monthly Interest previously due but not paid  $0.00 
  Additional Interest  $0.00 
  Additional Interest previously due but not paid  $0.00 
  Reassignment Amount  $1,434,571,996.12 

 

 

Series 2023-2 Certificates

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   935,209,975.73    571,430,000.00    363,779,975.73      
Beginning Adjusted Invested Amount   N/A    571,430,000.00    N/A      
Floating Allocation Percentage   N/A    61.1018%   38.8982%     
Principal Allocation Percentage   N/A    61.1018%   38.8982%     
Collections of Finance Charge Receivables   26,026,621.09    15,902,730.38    10,123,890.71      
Collections of Principal Receivables   480,475,949.62    293,579,387.53    186,896,562.09      
Defaulted Amount   1,624,152.48    992,386.18    631,766.30      
                     
Ending Invested Amount / Transferor Amount   960,651,269.51    571,430,000.00    389,221,269.51      
                     
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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   4.80000%   5.12000%   6.80000%     
Monthly Interest Due   2,000,000.00    91,430.40    283,339.00    2,374,769.40 
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   2,000,000.00    91,430.40    283,339.00    2,374,769.40 
Investor Default Amount   868,335.74    37,215.13    86,835.31    992,386.18 
Investor Monthly Fees Due   833,333.33    35,715.00    83,335.00    952,383.33 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   3,701,669.07    164,360.53    453,509.31    4,319,538.91 
                     
Reallocated Investor Finance Charge Collections                  15,944,399.55 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  30.8083%
Base Rate                  7.0840%
Excess Spread Percentage                  24.4121%
                     
C. Certificates - Balances and Distributions  Class A   Class B   Collateral Interest   Total 
Beginning Certificates Balance   500,000,000.00    21,429,000.00    50,001,000.00    571,430,000.00 
Distributions of Interest   2,000,000.00    91,430.40    283,339.00    2,374,769.40 
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   2,000,000.00    91,430.40    283,339.00    2,374,769.40 
Ending Certificates Balance   500,000,000.00    21,429,000.00    50,001,000.00    571,430,000.00 

 

 

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:  $4.00 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $4.00 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.27 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.27 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  (1) The total amount distributed to the Collateral Interest Holder:  $11,908,199.65 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $283,339.00 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $11,624,860.65 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections     
            
  1. Class A Available Funds  $13,951,314.73 
          
    a. Class A Monthly Interest  $2,000,000.00 
    b. Class A Outstanding Monthly Interest  $0.00 
    c. Class A Additional Interest  $0.00 
    d. Class A Investor Default Amount (treated as Available Principal Collections)  $868,335.74 
    e. Excess Spread  $11,082,978.99 
            
  2. Class B Available Funds  $597,925.45 
          
    a. Class B Monthly Interest  $91,430.40 
    b. Class B Outstanding Monthly Interest  $0.00 
    c. Class B Additional Interest  $0.00 
    d. Excess Spread  $506,495.05 
            
  3. Collateral Available Funds  $1,395,159.38 
          
    a. Excess Spread  $1,395,159.38 
            
  4. Total Excess Spread  $12,984,633.42 
          
K. Reallocated Principal Collections     
        
  1. Principal Allocation Percentage   61.1018%
          
  2. Series 2023-2 Allocable Principal Collections  $480,475,949.62 
          
  3. Principal Allocation Percentage of Series 2023-2 Allocable Principal Collections  $293,579,387.53 
          
  4. Reallocated Principal Collections Required to fund the Required Amount  $0.00 
          
  5. Item 3 minus Item 4  $293,579,387.53 
          
  6. Shared Principal Collections from other Series allocated to Series 2023-2  $0.00 
          
  7. Other amounts treated as Available Principal Collections:  $992,386.18 
          
  8. Available Principal Collections (total of items 5, 6 and 7)  $294,571,773.71 
          
L. Application of Available Principal Collections during Revolving Period     
        
  1. Collateral Invested Amount  $50,001,000.00 
          
  2. Required Collateral Invested Amount  $50,001,000.00 
          
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount  $0.00 
          
  4. Treated as Shared Principal Collections  $294,571,773.71 

 

 

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 2023-2     
          
  1. Excess Spread  $12,984,633.42 
  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  $37,215.13 
  7. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
  8. Applied to Collateral Senior Minimum Monthly Interest  $131,193.10 
  9. Applied to unpaid Monthly Servicing Fee  $952,383.33 
  10. Collateral Default Amount treated as Available Principal Collections  $86,835.31 
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
  12. Deposited to Reserve Account  $0.00 
  13. Applied to any remaining Collateral Minimum Monthly Interest  $152,145.90 
  14A.  (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $0.00 
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $11,624,860.65 
  14B.  Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)   N/A 
          
O. Yield and Base Rate     
          
  1. Base Rate     
    a. Current Monthly Period   7.0840%
    b. Prior Monthly Period   7.8712%
    c. Second Prior Monthly Period   6.4400%
          
  2. Three Month Average Base Rate   7.1317%
          
  3. Series Adjusted Portfolio Yield     
    a. Current Monthly Period   30.8083%
    b. Prior Monthly Period   34.3161%
    c. Second Prior Monthly Period   31.5185%
            
  4. Three Month average Series Adjusted Portfolio Yield   32.2143%
          
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?   Yes 

 

 

P. Reassignment Amount    
       
  Adjusted Invested Amount  $571,430,000.00 
  Monthly Interest  $2,374,769.40 
  Monthly Interest previously due but not paid  $0.00 
  Additional Interest  $0.00 
  Additional Interest previously due but not paid  $0.00 
  Reassignment Amount  $573,804,769.40 

 

 

Series 2023-3 Certificates

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   1,589,860,231.96    971,433,000.00    618,427,231.96      
Beginning Adjusted Invested Amount   N/A    971,433,000.00    N/A      
Floating Allocation Percentage   N/A    61.1018%   38.8982%     
Principal Allocation Percentage   N/A    61.1018%   38.8982%     
Collections of Finance Charge Receivables   44,245,346.95    27,034,697.30    17,210,649.65      
Collections of Principal Receivables   816,810,796.01    499,085,986.33    317,724,809.68      
Defaulted Amount   2,761,064.90    1,687,059.97    1,074,004.93      
                     
Ending Invested Amount / Transferor Amount   1,633,110,520.43    971,433,000.00    661,677,520.43      
                 
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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   5.23000%   5.52000%   6.99000%     
Monthly Interest Due   3,704,583.33    167,578.00    495,142.48    4,367,303.81 
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   3,704,583.33    167,578.00    495,142.48    4,367,303.81 
Investor Default Amount   1,476,170.74    63,266.94    147,622.29    1,687,059.97 
Investor Monthly Fees Due   1,416,666.67    60,716.67    141,671.67    1,619,055.01 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   6,597,420.74    291,561.61    784,436.44    7,673,418.79 
                     
Reallocated Investor Finance Charge Collections                  27,435,722.56 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  31.2085%
Base Rate                  7.4976%
Excess Spread Percentage                  24.4121%
                 
C. Certificates - Balances and Distributions  Class A   Class B   Collateral Interest   Total 
Beginning Certificates Balance   850,000,000.00    36,430,000.00    85,003,000.00    971,433,000.00 
Distributions of Interest   3,704,583.33    167,578.00    495,142.48    4,367,303.81 
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   3,704,583.33    167,578.00    495,142.48    4,367,303.81 
Ending Certificates Balance   850,000,000.00    36,430,000.00    85,003,000.00    971,433,000.00 

 

 

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:  $4.36 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $4.36 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.60 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.60 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  (1) The total amount distributed to the Collateral Interest Holder:  $20,257,446.25 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $495,142.48 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $19,762,303.77 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections        
               
  1. Class A Available Funds   $ 24,006,147.80  
             
    a. Class A Monthly Interest   $ 3,704,583.33  
    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)   $ 1,476,170.74  
    e. Excess Spread   $ 18,825,393.73  
               
  2. Class B Available Funds   $ 1,028,875.25  
             
    a. Class B Monthly Interest   $ 167,578.00  
    b. Class B Outstanding Monthly Interest   $ 0.00  
    c. Class B Additional Interest   $ 0.00  
    d. Excess Spread   $ 861,297.25  
               
  3. Collateral Available Funds   $ 2,400,699.51  
             
    a. Excess Spread   $ 2,400,699.51  
               
  4. Total Excess Spread   $ 22,087,390.49  
             
K. Reallocated Principal Collections        
           
  1. Principal Allocation Percentage     61.1018 %
             
  2. Series 2023-3 Allocable Principal Collections   $ 816,810,796.01  
             
  3. Principal Allocation Percentage of Series 2023-3 Allocable Principal Collections   $ 499,085,986.33  
             
  4. Reallocated Principal Collections Required to fund the Required Amount   $ 0.00  
             
  5. Item 3 minus Item 4   $ 499,085,986.33  
             
  6. Shared Principal Collections from other Series allocated to Series 2023-3   $ 0.00  
             
  7. Other amounts treated as Available Principal Collections:   $ 1,687,059.97  
             
  8. Available Principal Collections (total of items 5, 6 and 7)   $ 500,773,046.30  
             
L. Application of Available Principal Collections during Revolving Period        
           
  1. Collateral Invested Amount   $ 85,003,000.00  
             
  2. Required Collateral Invested Amount   $ 85,003,000.00  
             
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 500,773,046.30  

 

 

M. Application of Principal Collections During Accumulation or Amortization Period        
           
  1. Principal Funding Account   $ 0.00  
             
  2. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  3. Distribution of Principal   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 0.00  
             
N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2023-3        
             
  1. Excess Spread   $ 22,087,390.49  
  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   $ 63,266.94  
  7. Reduction of Class B Invested Amount treated as Available Principal Collections   $ 0.00  
  8. Applied to Collateral Senior Minimum Monthly Interest   $ 233,150.40  
  9. Applied to unpaid Monthly Servicing Fee   $ 1,619,055.01  
  10. Collateral Default Amount treated as Available Principal Collections   $ 147,622.29  
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections   $ 0.00  
  12. Deposited to Reserve Account   $ 0.00  
  13. Applied to any remaining Collateral Minimum Monthly Interest   $ 261,992.08  
  14A.  (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections   $ 0.00  
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates   $ 19,762,303.77  
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)     N/A  
             
O. Yield and Base Rate        
             
  1. Base Rate        
    a. Current Monthly Period     7.4976 %
    b. Prior Monthly Period     8.3307 %
    c. Second Prior Monthly Period     6.8160 %
             
  2. Three Month Average Base Rate     7.5481 %
             
  3. Series Adjusted Portfolio Yield        
    a. Current Monthly Period     31.2085 %
    b. Prior Monthly Period     34.7592 %
    c. Second Prior Monthly Period     31.9187 %
               
  4. Three Month average Series Adjusted Portfolio Yield     32.6288 %
             
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?     Yes  

 

 

P. Reassignment Amount    
       
  Adjusted Invested Amount  $971,433,000.00 
  Monthly Interest  $4,367,303.81 
  Monthly Interest previously due but not paid  $0.00 
  Additional Interest  $0.00 
  Additional Interest previously due but not paid  $0.00 
  Reassignment Amount  $975,800,303.81 

 

 

Series 2023-4 Certificates                        
          Total Investor              
A. Investor/Transferor Allocations   Series Allocations     Interest     Transferors' Interest        
Beginning Invested Amount/Transferor Amount     1,589,860,231.96       971,433,000.00       618,427,231.96          
Beginning Adjusted Invested Amount     N/A       971,433,000.00       N/A          
Floating Allocation Percentage     N/A       61.1018 %     38.8982 %        
Principal Allocation Percentage     N/A       61.1018 %     38.8982 %        
Collections of Finance Charge Receivables     44,245,346.95       27,034,697.30       17,210,649.65          
Collections of Principal Receivables     816,810,796.01       499,085,986.33       317,724,809.68          
Defaulted Amount     2,761,064.90       1,687,059.97       1,074,004.93          
                                 
Ending Invested Amount / Transferor Amount     1,633,110,520.43       971,433,000.00       661,677,520.43          
                                 
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  
Required Reserve Account Amount     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 and Reserve Account withdrawals on the related Distribution Date)     0.00       0.00       0.00       0.00  
                                 
Term SOFR Determination Date     N/A       N/A       N/A          
Coupon March 16, 2026 to April 14, 2026     5.15000 %     5.46000 %     7.13600 %        
Monthly Interest Due     3,647,916.67       165,756.50       505,484.51       4,319,157.68  
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     3,647,916.67       165,756.50       505,484.51       4,319,157.68  
Investor Default Amount     1,476,170.74       63,266.94       147,622.29       1,687,059.97  
Investor Monthly Fees Due     1,416,666.67       60,716.67       141,671.67       1,619,055.01  
Investor Additional Amounts Due     0.00       0.00       0.00       0.00  
Total Due     6,540,754.08       289,740.11       794,778.47       7,625,272.66  
                               
Reallocated Investor Finance Charge Collections                             27,387,576.43  
Interest and Principal Funding Investment Proceeds                             0.00  
Interest on Reserve Account                             0.00  
Series Adjusted Portfolio Yield                             31.1502 %
Base Rate                             7.4373 %
Excess Spread Percentage                             24.4121 %
                                 
C. Certificates - Balances and Distributions     Class A       Class B       Collateral Interest       Total  
Beginning Certificates Balance     850,000,000.00       36,430,000.00       85,003,000.00       971,433,000.00  
Distributions of Interest     3,647,916.67       165,756.50       505,484.51       4,319,157.68  
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     3,647,916.67       165,756.50       505,484.51       4,319,157.68  
Ending Certificates Balance     850,000,000.00       36,430,000.00       85,003,000.00       971,433,000.00  

 

 

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:  $4.29 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $4.29 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.55 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.55 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  (1) The total amount distributed to the Collateral Interest Holder:  $20,267,788.28 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $505,484.51 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $19,762,303.77 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections        
               
  1. Class A Available Funds   $ 23,964,020.13  
             
    a. Class A Monthly Interest   $ 3,647,916.67  
    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)   $ 1,476,170.74  
    e. Excess Spread   $ 18,839,932.72  
               
  2. Class B Available Funds   $ 1,027,069.71  
             
    a. Class B Monthly Interest   $ 165,756.50  
    b. Class B Outstanding Monthly Interest   $ 0.00  
    c. Class B Additional Interest   $ 0.00  
    d. Excess Spread   $ 861,313.21  
               
  3. Collateral Available Funds   $ 2,396,486.59  
             
    a. Excess Spread   $ 2,396,486.59  
               
  4. Total Excess Spread   $ 22,097,732.52  
             
K. Reallocated Principal Collections        
           
  1. Principal Allocation Percentage     61.1018 %
             
  2. Series 2023-4 Allocable Principal Collections   $ 816,810,796.01  
             
  3. Principal Allocation Percentage of Series 2023-4 Allocable Principal Collections   $ 499,085,986.33  
             
  4. Reallocated Principal Collections Required to fund the Required Amount   $ 0.00  
             
  5. Item 3 minus Item 4   $ 499,085,986.33  
             
  6. Shared Principal Collections from other Series allocated to Series 2023-4   $ 0.00  
             
  7. Other amounts treated as Available Principal Collections:   $ 1,687,059.97  
             
  8. Available Principal Collections (total of items 5, 6 and 7)   $ 500,773,046.30  
             
L. Application of Available Principal Collections during Revolving Period        
           
  1. Collateral Invested Amount   $ 85,003,000.00  
             
  2. Required Collateral Invested Amount   $ 85,003,000.00  
             
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 500,773,046.30  

 

 

M. Application of Principal Collections During Accumulation or Amortization Period        
           
  1. Principal Funding Account   $ 0.00  
             
  2. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  3. Distribution of Principal   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 0.00  
             
N. Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2023-4        
             
  1. Excess Spread   $ 22,097,732.52  
  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   $ 63,266.94  
  7. Reduction of Class B Invested Amount treated as Available Principal Collections   $ 0.00  
  8. Applied to Collateral Senior Minimum Monthly Interest   $ 236,793.38  
  9. Applied to unpaid Monthly Servicing Fee   $ 1,619,055.01  
  10. Collateral Default Amount treated as Available Principal Collections   $ 147,622.29  
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections   $ 0.00  
  12. Deposited to Reserve Account   $ 0.00  
  13. Applied to any remaining Collateral Minimum Monthly Interest   $ 268,691.13  
  14A.  (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections   $ 0.00  
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates   $ 19,762,303.77  
  14B.  Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)     N/A  
             
O. Yield and Base Rate        
             
  1. Base Rate        
    a. Current Monthly Period     7.4373 %
    b. Prior Monthly Period     8.2637 %
    c. Second Prior Monthly Period     6.7612 %
             
  2. Three Month Average Base Rate     7.4874 %
             
  3. Series Adjusted Portfolio Yield        
    a. Current Monthly Period     31.1502 %
    b. Prior Monthly Period     34.6946 %
    c. Second Prior Monthly Period     31.8603 %
               
  4. Three Month average Series Adjusted Portfolio Yield     32.5684 %
             
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?     Yes  

 

 

P. Reassignment Amount      
         
  Adjusted Invested Amount   $ 971,433,000.00  
  Monthly Interest   $ 4,319,157.68  
  Monthly Interest previously due but not paid   $ 0.00  
  Additional Interest   $ 0.00  
  Additional Interest previously due but not paid   $ 0.00  
  Reassignment Amount   $ 975,752,157.68  

 

 

Series 2024-1 Certificates

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest         
Beginning Invested Amount/Transferor Amount   1,870,418,314.84    1,142,859,000.00    727,559,314.84          
Beginning Adjusted Invested Amount   N/A    1,142,859,000.00    N/A         
Floating Allocation Percentage   N/A    61.1018%   38.8982%        
Principal Allocation Percentage   N/A    61.1018%   38.8982%        
Collections of Finance Charge Receivables   52,053,196.64    31,805,432.93    20,247,763.71         
Collections of Principal Receivables   960,951,058.40    587,158,261.30    373,792,797.10         
Defaulted Amount   3,248,302.11    1,984,770.61    1,263,531.50         
                        
Ending Invested Amount / Transferor Amount   1,921,300,857.88    1,142,859,000.00    778,441,857.88         

  

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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   5.23000%   5.50000%   7.12500%     
Monthly Interest Due   4,358,333.33    196,432.50    593,755.94    5,148,521.77 
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   4,358,333.33    196,432.50    593,755.94    5,148,521.77 
Investor Default Amount   1,736,671.46    74,430.27    173,668.88    1,984,770.61 
Investor Monthly Fees Due   1,666,666.67    71,430.00    166,668.33    1,904,765.00 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   7,761,671.46    342,292.77    934,093.15    9,038,057.38 
                     
Reallocated Investor Finance Charge Collections                  32,287,758.32 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  31.2194%
Base Rate                  7.5088%
Excess Spread Percentage                  24.4121%

 

C. Certificates - Balances and Distributions  Class A   Class B   Collateral Interest   Total 
Beginning Certificates Balance   1,000,000,000.00    42,858,000.00    100,001,000.00    1,142,859,000.00 
Distributions of Interest   4,358,333.33    196,432.50    593,755.94    5,148,521.77 
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   4,358,333.33    196,432.50    593,755.94    5,148,521.77 
Ending Certificates Balance   1,000,000,000.00    42,858,000.00    100,001,000.00    1,142,859,000.00 

 

 

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:  $4.36 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $4.36 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.  
     
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
          
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.58 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.58 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  (1) The total amount distributed to the Collateral  Interest Holder:  $23,843,456.88 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $593,755.94 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $23,249,700.94 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
(1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
(2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections     
        
  1. Class A Available Funds  $28,251,742.62 
          
    a. Class A Monthly Interest  $4,358,333.33 
    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)  $1,736,671.46 
    e. Excess Spread  $22,156,737.83 
          
  2. Class B Available Funds  $1,210,813.19 
          
    a. Class B Monthly Interest  $196,432.50 
    b. Class B Outstanding Monthly Interest  $0.00 
    c. Class B Additional Interest  $0.00 
    d. Excess Spread  $1,014,380.69 
          
  3. Collateral Available Funds  $2,825,202.51 
          
    a. Excess Spread  $2,825,202.51 
          
  4. Total Excess Spread  $25,996,321.03 
          
K.   Reallocated Principal Collections     
        
  1. Principal Allocation Percentage   61.1018%
          
  2. Series 2024-1 Allocable Principal Collections  $960,951,058.40 
          
  3. Principal Allocation Percentage of Series 2024-1 Allocable Principal Collections  $587,158,261.30 
          
  4. Reallocated Principal Collections Required to fund the Required Amount  $0.00 
          
  5. Item 3 minus Item 4  $587,158,261.30 
          
  6. Shared Principal Collections from other Series allocated to Series 2024-1  $0.00
          
  7. Other amounts treated as Available Principal Collections:  $1,984,770.61 
          
  8. Available Principal Collections (total of items 5, 6 and 7)  $589,143,031.91 
          
L.  Application of Available Principal Collections during Revolving Period     
    
  1. Collateral Invested Amount  $100,001,000.00 
          
  2. Required Collateral Invested Amount  $100,001,000.00 
          
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount  $0.00 
          
  4. Treated as Shared Principal Collections  $589,143,031.91 

 

 

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 2024-1     
          
  1. Excess Spread  $25,996,321.03 
  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  $74,430.27 
  7. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
  8. Applied to Collateral Senior Minimum Monthly Interest  $284,762.62 
  9. Applied to unpaid Monthly Servicing Fee  $1,904,765.00 
  10. Collateral Default Amount treated as Available Principal Collections  $173,668.88 
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
  12. Deposited to Reserve Account  $0.00 
  13. Applied to any remaining Collateral Minimum Monthly Interest  $308,993.32 
  14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $0.00 
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $23,249,700.94 
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)   N/A 
          
O. Yield and Base Rate     
        
  1. Base Rate     
    a. Current Monthly Period   7.5088%
    b. Prior Monthly Period   8.3431%
    c. Second Prior Monthly Period   6.8262%
          
  2. Three Month Average Base Rate   7.5594%
          
  3. Series Adjusted Portfolio Yield     
    a. Current Monthly Period   31.2194%
    b. Prior Monthly Period   34.7712%
    c. Second Prior Monthly Period   31.9295%
          
  4. Three Month average Series Adjusted Portfolio Yield   32.6400%
          
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?   Yes 

 

 

P. Reassignment Amount    
       
    Adjusted Invested Amount  $1,142,859,000.00 
    Monthly Interest  $5,148,521.77 
    Monthly Interest previously due but not paid  $0.00 
    Additional Interest  $0.00 
    Additional Interest previously due but not paid  $0.00 
    Reassignment Amount  $1,148,007,521.77 

 

 

Series 2024-2 Certificates          

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   1,870,418,314.84    1,142,859,000.00    727,559,314.84         
Beginning Adjusted Invested Amount   N/A    1,142,859,000.00    N/A         
Floating Allocation Percentage   N/A    61.1018%   38.8982%        
Principal Allocation Percentage   N/A    61.1018%   38.8982%        
Collections of Finance Charge Receivables   52,053,196.64    31,805,432.93    20,247,763.71         
Collections of Principal Receivables   960,951,058.40    587,158,261.30    373,792,797.10         
Defaulted Amount   3,248,302.11    1,984,770.61    1,263,531.50         
                        
Ending Invested Amount / Transferor Amount   1,921,300,857.88    1,142,859,000.00    778,441,857.88         

 

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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   5.24000%   5.51000%   7.24500%     
Monthly Interest Due   4,366,666.67    196,789.65    603,756.04    5,167,212.36 
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   4,366,666.67    196,789.65    603,756.04    5,167,212.36 
Investor Default Amount   1,736,671.46    74,430.27    173,668.88    1,984,770.61 
Investor Monthly Fees Due   1,666,666.67    71,430.00    166,668.33    1,904,765.00 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   7,770,004.80    342,649.92    944,093.25    9,056,747.97 
                     
Reallocated Investor Finance Charge Collections                  32,306,448.91 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  31.2386%
Base Rate                  7.5287%
Excess Spread Percentage                  24.4121%

 

C. Certificates - Balances and Distributions  Class A   Class B   Collateral Interest   Total 
Beginning Certificates Balance   1,000,000,000.00    42,858,000.00    100,001,000.00    1,142,859,000.00 
Distributions of Interest   4,366,666.67    196,789.65    603,756.04    5,167,212.36 
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   4,366,666.67    196,789.65    603,756.04    5,167,212.36 
Ending Certificates Balance   1,000,000,000.00    42,858,000.00    100,001,000.00    1,142,859,000.00 

 

 

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:  $4.37 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $4.37 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.59 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.59 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  (1) The total amount distributed to the Collateral Interest Holder:  $23,853,456.98 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $603,756.04 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $23,249,700.94 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections     
            
  1. Class A Available Funds  $28,268,096.86 
          
    a. Class A Monthly Interest  $4,366,666.67 
    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)  $1,736,671.46 
    e. Excess Spread  $22,164,758.73 
            
  2. Class B Available Funds  $1,211,514.10 
          
    a. Class B Monthly Interest  $196,789.65 
    b. Class B Outstanding Monthly Interest  $0.00 
    c. Class B Additional Interest  $0.00 
    d. Excess Spread  $1,014,724.45 
            
  3. Collateral Available Funds  $2,826,837.95 
          
    a. Excess Spread  $2,826,837.95 
            
  4. Total Excess Spread  $26,006,321.13 
          
K. Reallocated Principal Collections     
        
  1. Principal Allocation Percentage   61.1018%
          
  2. Series 2024-2 Allocable Principal Collections  $960,951,058.40 
          
  3. Principal Allocation Percentage of Series 2024-2 Allocable Principal Collections  $587,158,261.30 
          
  4. Reallocated Principal Collections Required to fund the Required Amount  $0.00 
          
  5. Item 3 minus Item 4  $587,158,261.30 
          
  6. Shared Principal Collections from other Series allocated to Series 2024-2  $0.00 
          
  7. Other amounts treated as Available Principal Collections:  $1,984,770.61 
          
  8. Available Principal Collections (total of items 5, 6 and 7)  $589,143,031.91 
          
L. Application of Available Principal Collections during Revolving Period     
        
  1. Collateral Invested Amount  $100,001,000.00 
          
  2. Required Collateral Invested Amount  $100,001,000.00 
          
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount  $0.00 
          
  4. Treated as Shared Principal Collections  $589,143,031.91 

 

 

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 2024-2     
          
  1. Excess Spread  $26,006,321.13 
  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  $74,430.27 
  7. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
  8. Applied to Collateral Senior Minimum Monthly Interest  $290,476.92 
  9. Applied to unpaid Monthly Servicing Fee  $1,904,765.00 
  10. Collateral Default Amount treated as Available Principal Collections  $173,668.88 
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
  12. Deposited to Reserve Account  $0.00 
  13. Applied to any remaining Collateral Minimum Monthly Interest  $313,279.12 
  14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $0.00 
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $23,249,700.94 
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)   N/A 
        
O. Yield and Base Rate     
          
  1. Base Rate     
    a. Current Monthly Period   7.5287%
    b. Prior Monthly Period   8.3652%
    c. Second Prior Monthly Period   6.8443%
          
  2. Three Month Average Base Rate   7.5794%
          
  3. Series Adjusted Portfolio Yield     
    a. Current Monthly Period   31.2386%
    b. Prior Monthly Period   34.7925%
    c. Second Prior Monthly Period   31.9488%
          
  4. Three Month average Series Adjusted Portfolio Yield   32.6600%
          
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?   Yes 

 

 

P. Reassignment Amount    
          
    Adjusted Invested Amount  $1,142,859,000.00 
    Monthly Interest  $5,167,212.36 
    Monthly Interest previously due but not paid  $0.00 
    Additional Interest  $0.00 
    Additional Interest previously due but not paid  $0.00 
    Reassignment Amount  $1,148,026,212.36 

 

 

Series 2024-3 Certificates

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   2,244,505,578.35    1,371,433,000.00    873,072,578.35     
Beginning Adjusted Invested Amount   N/A    1,371,433,000.00    N/A      
Floating Allocation Percentage   N/A    61.1018%   38.8982%     
Principal Allocation Percentage   N/A    61.1018%   38.8982%     
Collections of Finance Charge Receivables   62,463,936.16    38,166,580.73    24,297,355.43      
Collections of Principal Receivables   1,153,143,119.91    704,591,043.85    448,552,076.06      
Defaulted Amount   3,897,968.79    2,381,728.56    1,516,240.23      
                     
Ending Invested Amount / Transferor Amount   2,305,564,727.95    1,371,433,000.00    934,131,727.95      

 

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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   4.65000%   5.08000%   6.55000%     
Monthly Interest Due   4,650,000.00    217,720.33    655,016.38    5,522,736.71 
Outstanding Monthly Interest Due   0.00    0.00    0.00    0.00 
Additional Interest Due   0.00    0.00    0.00    0.00 
Total Interest Due   4,650,000.00    217,720.33    655,016.38    5,522,736.71 
Investor Default Amount   2,084,005.76    89,317.01    208,405.79    2,381,728.56 
Investor Monthly Fees Due   2,000,000.00    85,716.67    200,005.00    2,285,721.67 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   8,734,005.76    392,754.01    1,063,427.17    10,190,186.94 
Reallocated Investor Finance Charge Collections                  38,089,872.82 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  30.6566%
Base Rate                  6.9273%
Excess Spread Percentage                  24.4121%

 

C. Certificates - Balances and Distributions  Class A   Class B   Collateral Interest   Total 
Beginning Certificates Balance   1,200,000,000.00    51,430,000.00    120,003,000.00    1,371,433,000.00 
Distributions of Interest   4,650,000.00    217,720.33    655,016.38    5,522,736.71 
Deposits to the Principal Funding Account   0.00    0.00    0.00    0.00 
Distributions of Principal   0.00    0.00    0.00    0.00 
Total Distributions   4,650,000.00    217,720.33    655,016.38    5,522,736.71 
Ending Certificates Balance   1,200,000,000.00    51,430,000.00    120,003,000.00    1,371,433,000.00 

 

 

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:  $3.88 
         
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $3.88 
         
  (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 

 

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:  $4.23 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.23 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3)  The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per  1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 

 

H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.    
         
  (1) The total amount distributed to the Collateral Interest Holder:  $28,554,702.26 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $655,016.38 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $27,899,685.88 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
          
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections     
            
  1. Class A Available Funds  $33,328,531.09 
          
    a. Class A Monthly Interest  $4,650,000.00 
    b. Class A Outstanding Monthly Interest  $0.00 
    c. Class A Additional Interest  $0.00 
    d. Class A Investor Default Amount (treated as Available Principal Collections)  $2,084,005.76 
    e. Excess Spread  $26,594,525.33 
            
  2. Class B Available Funds  $1,428,405.30 
            
    a. Class B Monthly Interest  $217,720.33 
    b. Class B Outstanding Monthly Interest  $0.00 
    c. Class B Additional Interest  $0.00 
    d. Excess Spread  $1,210,684.97 
            
  3. Collateral Available Funds  $3,332,936.43 
            
    a. Excess Spread  $3,332,936.43 
            
  4. Total Excess Spread  $31,138,146.73 
  
K. Reallocated Principal Collections    
         
  1. Principal Allocation Percentage   61.1018%
          
  2. Series 2024-3 Allocable Principal Collections  $1,153,143,119.91 
          
  3. Principal Allocation Percentage of Series 2024-3 Allocable Principal Collections  $704,591,043.85 
          
  4. Reallocated Principal Collections Required to fund the Required Amount  $0.00 
          
  5. Item 3 minus Item 4  $704,591,043.85 
          
  6. Shared Principal Collections from other Series allocated to Series 2024-3  $0.00 
          
  7. Other amounts treated as Available Principal Collections:  $2,381,728.56 
          
  8. Available Principal Collections (total of items 5, 6 and 7)  $706,972,772.41 
  
L. Application of Available Principal Collections during Revolving Period    
         
  1. Collateral Invested Amount  $120,003,000.00 
          
  2. Required Collateral Invested Amount  $120,003,000.00 
          
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount  $0.00 
          
  4. Treated as Shared Principal Collections  $706,972,772.41 

 

 

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 2024-3    
         
  1. Excess Spread  $31,138,146.73 
  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  $89,317.01 
  7. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
  8. Applied to Collateral Senior Minimum Monthly Interest  $304,006.97 
  9. Applied to unpaid Monthly Servicing Fee  $2,285,721.67 
  10. Collateral Default Amount treated as Available Principal Collections  $208,405.79 
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
  12. Deposited to Reserve Account  $0.00 
  13. Applied to any remaining Collateral Minimum Monthly Interest  $351,009.41 
  14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $0.00 
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $27,899,685.88 
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)   N/A 
  
O. Yield and Base Rate    
       
  1. Base Rate    
    a. Current Monthly Period   6.9273%
    b. Prior Monthly Period   7.6970%
    c. Second Prior Monthly Period   6.2975%
            
  2. Three Month Average Base Rate   6.9739%
          
  3. Series Adjusted Portfolio Yield     
    a. Current Monthly Period   30.6566%
    b. Prior Monthly Period   34.1482%
    c. Second Prior Monthly Period   31.3667%
            
  4. Three Month average Series Adjusted Portfolio Yield   32.0572%
          
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?   Yes 

 

 

P. Reassignment Amount    
       
  Adjusted Invested Amount  $1,371,433,000.00 
  Monthly Interest  $5,522,736.71 
  Monthly Interest previously due but not paid  $0.00 
  Additional Interest  $0.00 
  Additional Interest previously due but not paid  $0.00 
  Reassignment Amount  $1,376,955,736.71 

 

 

Series 2025-1 Certificates

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   2,618,581,385.58    1,600,000,000.00    1,018,581,385.58      
Beginning Adjusted Invested Amount   N/A    1,600,000,000.00    N/A      
Floating Allocation Percentage   N/A    61.1018%   38.8982%     
Principal Allocation Percentage   N/A    61.1018%   38.8982%     
Collections of Finance Charge Receivables   72,874,356.87    44,527,533.74    28,346,823.13      
Collections of Principal Receivables   1,345,329,295.60    822,020,230.04    523,309,065.56      
Defaulted Amount   4,547,615.57    2,778,674.34    1,768,941.23      
                     
Ending Invested Amount / Transferor Amount   2,689,816,830.08    1,600,000,000.00    1,089,816,830.08      
                     
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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   4.56000%   4.96000%   6.01500%     
Monthly Interest Due   5,320,000.00    248,000.00    701,750.00    6,269,750.00 
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   5,320,000.00    248,000.00    701,750.00    6,269,750.00 
Investor Default Amount   2,431,340.05    104,200.29    243,134.00    2,778,674.34 
Investor Monthly Fees Due   2,333,333.33    100,000.00    233,333.33    2,666,666.66 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   10,084,673.38    452,200.29    1,178,217.33    11,715,091.00 
                     
Reallocated Investor Finance Charge Collections                  44,264,619.42 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  30.5290%
Base Rate                  6.7954%
Excess Spread Percentage                  24.4121%
                     
C. Certificates - Balances and Distributions   Class A    Class B    Collateral Interest    Total 
Beginning Certificates Balance   1,400,000,000.00    60,000,000.00    140,000,000.00    1,600,000,000.00 
Distributions of Interest   5,320,000.00    248,000.00    701,750.00    6,269,750.00 
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   5,320,000.00    248,000.00    701,750.00    6,269,750.00 
Ending Certificates Balance   1,400,000,000.00    60,000,000.00    140,000,000.00    1,600,000,000.00 

 

 

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:  $3.80 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $3.80 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.13 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.13 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:    $ 0.00  
           
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:    $ 0.00  
           
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:   $ 0.00  
           
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:   $ 0.00   
           
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.        
           
  (1) The total amount distributed to the Collateral Interest Holder:   $ 33,251,278.42  
           
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):   $ 701,750.00  
           
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:    $ 32,549,528.42  
           
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.        
           
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:    $ 0.00   
           
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:    $ 0.00  

 

 

J. Application of Reallocated Investor Finance Charge Collections        
             
  1. Class A Available Funds   $ 38,731,541.99  
             
    a. Class A Monthly Interest   $ 5,320,000.00  
    b. Class A Outstanding Monthly Interest   $ 0.00  
    c. Class A Additional Interest   $ 0.00  
    d. Class A Investor Default Amount (treated as Available Principal Collections)   $ 2,431,340.05  
    e. Excess Spread   $ 30,980,201.94  
               
  2. Class B Available Funds   $ 1,659,923.23  
             
    a. Class B Monthly Interest   $ 248,000.00  
    b. Class B Outstanding Monthly Interest   $ 0.00  
    c. Class B Additional Interest   $ 0.00  
    d. Excess Spread   $ 1,411,923.23  
               
  3. Collateral Available Funds   $ 3,873,154.20  
             
    a. Excess Spread   $ 3,873,154.20  
               
  4. Total Excess Spread   $ 36,265,279.37  
             
K. Reallocated Principal Collections        
           
  1. Principal Allocation Percentage     61.1018 %
             
  2. Series 2025-1 Allocable Principal Collections   $ 1,345,329,295.60  
             
  3. Principal Allocation Percentage of Series 2025-1 Allocable Principal Collections   $ 822,020,230.04  
             
  4. Reallocated Principal Collections Required to fund the Required Amount   $ 0.00  
             
  5. Item 3 minus Item 4   $ 822,020,230.04  
             
  6. Shared Principal Collections from other Series allocated to Series 2025-1   $ 0.00  
             
  7. Other amounts treated as Available Principal Collections:   $ 2,778,674.34  
             
  8. Available Principal Collections (total of items 5, 6 and 7)        
        $ 824,798,904.38  
L. Application of Available Principal Collections during Revolving Period        
           
  1. Collateral Invested Amount   $ 140,000,000.00  
             
  2. Required Collateral Invested Amount   $ 140,000,000.00  
             
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 824,798,904.38  

 

 

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 2025-1     
       
 1. Excess Spread  $36,265,279.37 
 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  $104,200.29 
 7. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
 8. Applied to Collateral Senior Minimum Monthly Interest  $356,666.67 
 9. Applied to unpaid Monthly Servicing Fee  $2,666,666.66 
 10. Collateral Default Amount treated as Available Principal Collections  $243,134.00 
 11. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
 12. Deposited to Reserve Account  $0.00 
 13. Applied to any remaining Collateral Minimum Monthly Interest  $345,083.33 
 14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $0.00 
   (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $32,549,528.42 
 14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)   N/A 
         
O.Yield and Base Rate     
       
 1. Base Rate     
   a. Current Monthly Period   6.7954%
   b. Prior Monthly Period   7.5504%
   c. Second Prior Monthly Period   6.1776%
           
 2. Three Month Average Base Rate   6.8412%
         
 3. Series Adjusted Portfolio Yield     
   a. Current Monthly Period   30.5290%
   b. Prior Monthly Period   34.0069%
   c. Second Prior Monthly Period   31.2391%
           
 4. Three Month average Series Adjusted Portfolio Yield   31.9250%
         
 5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?   Yes 

 

 

P. Reassignment Amount    
       
  Adjusted Invested Amount  $1,600,000,000.00 
  Monthly Interest  $6,269,750.00 
  Monthly Interest previously due but not paid  $0.00 
  Additional Interest  $0.00 
  Additional Interest previously due but not paid  $0.00 
  Reassignment Amount  $1,606,269,750.00 

 

 

Series 2025-2 Certificates

 

A. Investor/Transferor Allocations  Series Allocations   Total Investor
Interest
   Transferors' Interest     
Beginning Invested Amount/Transferor Amount   2,805,625,017.34    1,714,287,000.00    1,091,338,017.34      
Beginning Adjusted Invested Amount   N/A    1,714,287,000.00    N/A      
Floating Allocation Percentage   N/A    61.1018%   38.8982%     
Principal Allocation Percentage   N/A    61.1018%   38.8982%     
Collections of Finance Charge Receivables   78,079,726.63    47,708,107.64    30,371,618.99      
Collections of Principal Receivables   1,441,425,326.35    880,736,621.31    560,688,705.04      
Defaulted Amount   4,872,448.91    2,977,153.32    1,895,295.59      
                     
Ending Invested Amount / Transferor Amount   2,881,948,765.11    1,714,287,000.00    1,167,661,765.11      
                     
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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   4.28000%   4.59000%   6.18600%     
Monthly Interest Due   5,350,000.00    245,893.95    773,255.16    6,369,149.11 
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   5,350,000.00    245,893.95    773,255.16    6,369,149.11 
Investor Default Amount   2,605,007.20    111,643.66    260,502.46    2,977,153.32 
Investor Monthly Fees Due   2,500,000.00    107,143.33    250,001.67    2,857,145.00 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   10,455,007.20    464,680.94    1,283,759.29    12,203,447.43 
                     
Reallocated Investor Finance Charge Collections                  47,077,968.32 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  30.2896%
Base Rate                  6.5481%
Excess Spread Percentage                  24.4121%
                     
C. Certificates - Balances and Distributions   Class A    Class B    Collateral Interest    Total 
Beginning Certificates Balance   1,500,000,000.00    64,286,000.00    150,001,000.00    1,714,287,000.00 
Distributions of Interest   5,350,000.00    245,893.95    773,255.16    6,369,149.11 
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   5,350,000.00    245,893.95    773,255.16    6,369,149.11 
Ending Certificates Balance   1,500,000,000.00    64,286,000.00    150,001,000.00    1,714,287,000.00 

 

 

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:  $3.57 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $3.57 
          
  (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 
          
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:  $3.83 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $3.83 
          
  (3) The amount of the distribution in respect of Class B Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class B Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class B Certificates:  $0.00 

 

 

G) Amount of reductions in Class B Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Class B Invested Amount on such Distribution Date.     
        
  (1) The amount of reductions in Class B Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Class B Invested Amount:  $0.00 
          
  (2) The amount of the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
        
  (1) The total amount distributed to the Collateral Interest Holder:  $35,647,776.05 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $773,255.16 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $34,874,520.89 
          
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

  

 

J. Application of Reallocated Investor Finance Charge Collections        
           
  1. Class A Available Funds   $ 41,193,191.39  
             
    a. Class A Monthly Interest   $ 5,350,000.00  
    b. Class A Outstanding Monthly Interest   $ 0.00  
    c. Class A Additional Interest   $ 0.00  
    d. Class A Investor Default Amount (treated as Available Principal Collections)   $ 2,605,007.20  
    e. Excess Spread   $ 33,238,184.19  
               
  2. Class B Available Funds   $ 1,765,430.33  
             
    a. Class B Monthly Interest   $ 245,893.95  
    b. Class B Outstanding Monthly Interest   $ 0.00  
    c. Class B Additional Interest   $ 0.00  
    d. Excess Spread   $ 1,519,536.38  
               
  3. Collateral Available Funds   $ 4,119,346.60  
             
    a. Excess Spread   $ 4,119,346.60  
               
  4. Total Excess Spread   $ 38,877,067.17  
             
K.   Reallocated Principal Collections        
           
  1. Principal Allocation Percentage     61.1018 %
             
  2. Series 2025-2 Allocable Principal Collections   $ 1,441,425,326.35  
             
  3. Principal Allocation Percentage of Series 2025-2 Allocable Principal Collections   $ 880,736,621.31  
             
  4. Reallocated Principal Collections Required to fund the Required Amount   $ 0.00  
             
  5. Item 3 minus Item 4   $ 880,736,621.31  
             
  6. Shared Principal Collections from other Series allocated to Series 2025-2   $ 0.00  
             
  7. Other amounts treated as Available Principal Collections:   $ 2,977,153.32  
             
  8. Available Principal Collections (total of items 5, 6 and 7)        
        $ 883,713,774.63  
L.   Application of Available Principal Collections during Revolving Period        
           
  1. Collateral Invested Amount   $ 150,001,000.00  
             
  2. Required Collateral Invested Amount   $ 150,001,000.00  
             
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 883,713,774.63  

 

 

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 2025-2        
           
  1. Excess Spread   $ 38,877,067.17  
  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   $ 111,643.66  
  7. Reduction of Class B Invested Amount treated as Available Principal Collections   $ 0.00  
  8. Applied to Collateral Senior Minimum Monthly Interest   $ 362,860.17  
  9. Applied to unpaid Monthly Servicing Fee   $ 2,857,145.00  
  10. Collateral Default Amount treated as Available Principal Collections   $ 260,502.46  
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections   $ 0.00  
  12. Deposited to Reserve Account   $ 0.00  
  13. Applied to any remaining Collateral Minimum Monthly Interest   $ 410,394.99  
  14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections   $ 0.00  
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates   $ 34,874,520.89  
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)     N/A  
             
O. Yield and Base Rate        
           
  1. Base Rate        
    a. Current Monthly Period     6.5481 %
    b. Prior Monthly Period     7.2757 %
    c. Second Prior Monthly Period     5.9528 %
               
  2. Three Month Average Base Rate     6.5922 %
             
  3. Series Adjusted Portfolio Yield        
    a. Current Monthly Period     30.2896 %
    b. Prior Monthly Period     33.7419 %
    c. Second Prior Monthly Period     30.9998 %
               
  4. Three Month average Series Adjusted Portfolio Yield     31.6771 %
             
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?     Yes  

 

  

P. Reassignment Amount    
       
  Adjusted Invested Amount  $1,714,287,000.00 
  Monthly Interest  $6,369,149.11 
  Monthly Interest previously due but not paid  $0.00 
  Additional Interest  $0.00 
  Additional Interest previously due but not paid  $0.00 
  Reassignment Amount  $1,720,656,149.11 

 

  

 

 

Series 2025-3 Certificates                        
                         
A. Investor/Transferor Allocations   Series Allocations     Total Investor
Interest
    Transferors' Interest        
Beginning Invested Amount/Transferor Amount     1,870,418,314.84       1,142,859,000.00       727,559,314.84          
Beginning Adjusted Invested Amount     N/A       1,142,859,000.00       N/A          
Floating Allocation Percentage     N/A       61.1018 %     38.8982 %        
Principal Allocation Percentage     N/A       61.1018 %     38.8982 %        
Collections of Finance Charge Receivables     52,053,196.64       31,805,432.93       20,247,763.71          
Collections of Principal Receivables     960,951,058.40       587,158,261.30       373,792,797.10          
Defaulted Amount     3,248,302.11       1,984,770.61       1,263,531.50          
                                 
Ending Invested Amount / Transferor Amount     1,921,300,857.88       1,142,859,000.00       778,441,857.88          
                                 
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  
Required Reserve Account Amount     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 and Reserve Account withdrawals on the related Distribution Date)     0.00       0.00       0.00       0.00  
                                 
Term SOFR Determination Date     N/A       N/A       N/A          
Coupon March 16, 2026 to April 14, 2026     4.51000 %     4.83000 %     6.51500 %        
Monthly Interest Due     3,758,333.33       172,503.45       542,922.10       4,473,758.88  
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     3,758,333.33       172,503.45       542,922.10       4,473,758.88  
Investor Default Amount     1,736,671.46       74,430.27       173,668.88       1,984,770.61  
Investor Monthly Fees Due     1,666,666.67       71,430.00       166,668.33       1,904,765.00  
Investor Additional Amounts Due     0.00       0.00       0.00       0.00  
Total Due     7,161,671.46       318,363.72       883,259.31       8,363,294.49  
                                 
Reallocated Investor Finance Charge Collections                             31,612,995.43  
Interest and Principal Funding Investment Proceeds                             0.00  
Interest on Reserve Account                             0.00  
Series Adjusted Portfolio Yield                             30.5242 %
Base Rate                             6.7905 %
Excess Spread Percentage                             24.4121 %
                                 
C. Certificates - Balances and Distributions     Class A       Class B       Collateral Interest       Total  
Beginning Certificates Balance     1,000,000,000.00       42,858,000.00       100,001,000.00       1,142,859,000.00  
Distributions of Interest     3,758,333.33       172,503.45       542,922.10       4,473,758.88  
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     3,758,333.33       172,503.45       542,922.10       4,473,758.88  
Ending Certificates Balance     1,000,000,000.00       42,858,000.00       100,001,000.00       1,142,859,000.00  

 

 

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:  $3.76 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $3.76 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
         
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.03 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.03 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 

 

H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
          
(1) The total amount distributed to the Collateral Interest Holder:  $23,792,623.04 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $542,922.10 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $23,249,700.94 

 
I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections      
         
  1. Class A Available Funds   $ 27,661,326.05  
             
    a. Class A Monthly Interest   $ 3,758,333.33  
    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)   $ 1,736,671.46  
    e. Excess Spread   $ 22,166,321.26  
               
  2. Class B Available Funds   $ 1,185,509.11  
             
    a. Class B Monthly Interest   $ 172,503.45  
    b. Class B Outstanding Monthly Interest   $ 0.00  
    c. Class B Additional Interest   $ 0.00  
    d. Excess Spread   $ 1,013,005.66  
               
  3. Collateral Available Funds   $ 2,766,160.27  
             
    a. Excess Spread   $ 2,766,160.27  
               
  4. Total Excess Spread   $ 25,945,487.19  

          
K. Reallocated Principal Collections      
         
  1. Principal Allocation Percentage     61.1018 %
             
  2. Series 2025-3 Allocable Principal Collections   $ 960,951,058.40  
             
  3. Principal Allocation Percentage of Series 2025-3 Allocable Principal Collections   $ 587,158,261.30  
             
  4. Reallocated Principal Collections Required to fund the Required Amount   $ 0.00  
             
  5. Item 3 minus Item 4   $ 587,158,261.30  
             
  6. Shared Principal Collections from other Series allocated to Series 2025-3   $ 0.00  
             
  7. Other amounts treated as Available Principal Collections:   $ 1,984,770.61  
             
  8. Available Principal Collections (total of items 5, 6 and 7)   $ 589,143,031.91  

          
L. Application of Available Principal Collections during Revolving Period        
           
  1. Collateral Invested Amount   $ 100,001,000.00  
             
  2. Required Collateral Invested Amount   $ 100,001,000.00  
             
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 589,143,031.91  

 

 

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 2025-3        
             
  1. Excess Spread   $ 25,945,487.19  
  2. Excess Finance Charge Collections   $ 0.00  
  3. Applied to fund Class A Required Amount   $ 0.00  
  4. Class A Investor Charge-Offs treated as Available Principal Collections   $ 0.00  
  5. Applied to fund overdue Class B Interest   $ 0.00  
  6. Applied to fund Class B Required Amount   $ 74,430.27  
  7. Reduction of Class B Invested Amount treated as Available Principal Collections   $ 0.00  
  8. Applied to Collateral Senior Minimum Monthly Interest   $ 255,714.93  
  9. Applied to unpaid Monthly Servicing Fee   $ 1,904,765.00  
  10. Collateral Default Amount treated as Available Principal Collections   $ 173,668.88  
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections   $ 0.00  
  12. Deposited to Reserve Account   $ 0.00  
  13. Applied to any remaining Collateral Minimum Monthly Interest   $ 287,207.17  
  14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections   $ 0.00  
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates   $ 23,249,700.94  
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)     N/A  
             
O. Yield and Base Rate        
               
  1. Base Rate        
    a. Current Monthly Period     6.7905 %
    b. Prior Monthly Period     7.5450 %
    c. Second Prior Monthly Period     6.1731 %
               
  2. Three Month Average Base Rate     6.8362 %
             
  3. Series Adjusted Portfolio Yield        
    a. Current Monthly Period     30.5242 %
    b. Prior Monthly Period     34.0016 %
    c. Second Prior Monthly Period     31.2343 %
               
  4. Three Month average Series Adjusted Portfolio Yield     31.9200 %
             
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?     Yes  

 

 

P. Reassignment Amount      
         
  Adjusted Invested Amount   $ 1,142,859,000.00  
  Monthly Interest   $ 4,473,758.88  
  Monthly Interest previously due but not paid   $ 0.00  
  Additional Interest   $ 0.00  
  Additional Interest previously due but not paid   $ 0.00  
  Reassignment Amount   $ 1,147,332,758.88  

 

 

Series 2025-4 Certificates

 

A.   Investor/Transferor Allocations   Series Allocations     Total Investor
Interest
    Transferors' Interest        
Beginning Invested Amount/Transferor Amount     2,805,625,017.34       1,714,287,000.00       1,091,338,017.34          
Beginning Adjusted Invested Amount     N/A       1,714,287,000.00       N/A          
Floating Allocation Percentage     N/A       61.1018 %     38.8982 %        
Principal Allocation Percentage     N/A       61.1018 %     38.8982 %        
Collections of Finance Charge Receivables     78,079,726.63       47,708,107.64       30,371,618.99          
Collections of Principal Receivables     1,441,425,326.35       880,736,621.31       560,688,705.04          
Defaulted Amount     4,872,448.91       2,977,153.32       1,895,295.59          
                                 
Ending Invested Amount / Transferor Amount     2,881,948,765.11       1,714,287,000.00       1,167,661,765.11          
                                 
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  
Required Reserve Account Amount     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 and Reserve Account withdrawals on the related Distribution Date)     0.00       0.00       0.00       0.00  
                                 
Term SOFR Determination Date     N/A       N/A       N/A          
Coupon March 16, 2026 to April 14, 2026     4.30000 %     4.69000 %     6.24200 %        
Monthly Interest Due     5,375,000.00       251,251.12       780,255.20       6,406,506.32  
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     5,375,000.00       251,251.12       780,255.20       6,406,506.32  
Investor Default Amount     2,605,007.20       111,643.66       260,502.46       2,977,153.32  
Investor Monthly Fees Due     2,500,000.00       107,143.33       250,001.67       2,857,145.00  
Investor Additional Amounts Due     0.00       0.00       0.00       0.00  
Total Due     10,480,007.20       470,038.11       1,290,759.33       12,240,804.64  
                                 
Reallocated Investor Finance Charge Collections                             47,115,325.53  
Interest and Principal Funding Investment Proceeds                             0.00  
Interest on Reserve Account                             0.00  
Series Adjusted Portfolio Yield                             30.3153 %
Base Rate                             6.5746 %
Excess Spread Percentage                             24.4121 %
                                 
C.  Certificates - Balances and Distributions   Class A     Class B     Collateral Interest     Total  
Beginning Certificates Balance     1,500,000,000.00       64,286,000.00       150,001,000.00       1,714,287,000.00  
Distributions of Interest     5,375,000.00       251,251.12       780,255.20       6,406,506.32  
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     5,375,000.00       251,251.12       780,255.20       6,406,506.32  
Ending Certificates Balance     1,500,000,000.00       64,286,000.00       150,001,000.00       1,714,287,000.00  

 

 

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:  $3.58 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $3.58 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
          
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
          
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:   $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
          
  (1) The total amount of the distribution in respect of Class B Certificates:  $3.91 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $3.91 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 

 

H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
          
(1) The total amount distributed to the Collateral Interest Holder:  $35,654,776.09 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $780,255.20 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $34,874,520.89 

 

I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00

 

 

J. Application of Reallocated Investor Finance Charge Collections      
         
  1. Class A Available Funds   $ 41,225,878.92  
             
    a. Class A Monthly Interest   $ 5,375,000.00  
    b. Class A Outstanding Monthly Interest   $ 0.00  
    c. Class A Additional Interest   $ 0.00  
    d. Class A Investor Default Amount (treated as Available Principal Collections)   $ 2,605,007.20  
    e. Excess Spread   $ 33,245,871.72  
               
  2. Class B Available Funds   $ 1,766,831.23  
             
    a. Class B Monthly Interest   $ 251,251.12  
    b. Class B Outstanding Monthly Interest   $ 0.00  
    c. Class B Additional Interest   $ 0.00  
    d. Excess Spread   $ 1,515,580.11  
               
  3. Collateral Available Funds   $ 4,122,615.38  
             
    a. Excess Spread   $ 4,122,615.38  
               
  4. Total Excess Spread   $ 38,884,067.21  

          
         
K. Reallocated Principal Collections      
         
  1. Principal Allocation Percentage     61.1018 %
             
  2. Series 2025-4 Allocable Principal Collections   $ 1,441,425,326.35  
             
  3. Principal Allocation Percentage of Series 2025-4 Allocable Principal Collections   $ 880,736,621.31  
             
  4. Reallocated Principal Collections Required to fund the Required Amount   $ 0.00  
             
  5. Item 3 minus Item 4   $ 880,736,621.31  
             
  6. Shared Principal Collections from other Series allocated to Series 2025-4   $ 0.00  
             
  7. Other amounts treated as Available Principal Collections:   $ 2,977,153.32  
             
  8. Available Principal Collections (total of items 5, 6 and 7)   $ 883,713,774.63  
             

L. Application of Available Principal Collections during Revolving Period        
           
  1. Collateral Invested Amount   $ 150,001,000.00  
             
  2. Required Collateral Invested Amount   $ 150,001,000.00  
             
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount   $ 0.00  
             
  4. Treated as Shared Principal Collections   $ 883,713,774.63  

 

 

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 2025-4      
         
  1. Excess Spread   $ 38,884,067.21  
  2. Excess Finance Charge Collections   $ 0.00  
  3. Applied to fund Class A Required Amount   $ 0.00  
  4. Class A Investor Charge-Offs treated as Available Principal Collections   $ 0.00  
  5. Applied to fund overdue Class B Interest   $ 0.00  
  6. Applied to fund Class B Required Amount   $ 111,643.66  
  7. Reduction of Class B Invested Amount treated as Available Principal Collections   $ 0.00  
  8. Applied to Collateral Senior Minimum Monthly Interest   $ 362,860.17  
  9. Applied to unpaid Monthly Servicing Fee   $ 2,857,145.00  
  10. Collateral Default Amount treated as Available Principal Collections   $ 260,502.46  
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections   $ 0.00  
  12. Deposited to Reserve Account   $ 0.00  
  13. Applied to any remaining Collateral Minimum Monthly Interest   $ 417,395.03  
  14A.  (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections   $ 0.00  
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates   $ 34,874,520.89  
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)      N/A  
             
O. Yield and Base Rate        
           
  1. Base Rate        
             
    a. Current Monthly Period     6.5746 %
    b. Prior Monthly Period     7.3051 %
    c. Second Prior Monthly Period     5.9769 %
               
  2. Three Month Average Base Rate     6.6189 %
             
  3. Series Adjusted Portfolio Yield        
             
    a. Current Monthly Period     30.3153 %
    b. Prior Monthly Period     33.7703 %
    c. Second Prior Monthly Period     31.0255 %
               
  4. Three Month average Series Adjusted Portfolio Yield     31.7037 %
             
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?      Yes  

 

 

P. Reassignment Amount    
       
    Adjusted Invested Amount  $1,714,287,000.00 
    Monthly Interest  $6,406,506.32 
    Monthly Interest previously due but not paid  $0.00 
    Additional Interest  $0.00 
    Additional Interest previously due but not paid  $0.00 
    Reassignment Amount  $1,720,693,506.32 

 

 

Series 2025-5 Certificates

       Total Investor             
A.   Investor/Transferor Allocations  Series Allocations   Interest   Transferors' Interest         
Beginning Invested Amount/Transferor Amount   1,870,418,314.84    1,142,859,000.00    727,559,314.84      
Beginning Adjusted Invested Amount   N/A    1,142,859,000.00    N/A      
Floating Allocation Percentage   N/A    61.1018%   38.8982%     
Principal Allocation Percentage   N/A    61.1018%   38.8982%     
Collections of Finance Charge Receivables   52,053,196.64    31,805,432.93    20,247,763.71      
Collections of Principal Receivables   960,951,058.40    587,158,261.30    373,792,797.10      
Defaulted Amount   3,248,302.11    1,984,770.61    1,263,531.50      
                     
Ending Invested Amount / Transferor Amount   1,921,300,857.88    1,142,859,000.00    778,441,857.88      
                     
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 
Required Reserve Account Amount   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 and Reserve Account withdrawals on the related Distribution Date)   0.00    0.00    0.00    0.00 
                     
Term SOFR Determination Date   N/A    N/A    N/A      
Coupon March 16, 2026 to April 14, 2026   4.51000%   4.90000%   6.51200%     
Monthly Interest Due   3,758,333.33    175,003.50    542,672.09    4,476,008.92 
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   3,758,333.33    175,003.50    542,672.09    4,476,008.92 
Investor Default Amount   1,736,671.46    74,430.27    173,668.88    1,984,770.61 
Investor Monthly Fees Due   1,666,666.67    71,430.00    166,668.33    1,904,765.00 
Investor Additional Amounts Due   0.00    0.00    0.00    0.00 
Total Due   7,161,671.46    320,863.77    883,009.30    8,365,544.53 
                     
Reallocated Investor Finance Charge Collections                  31,615,245.47 
Interest and Principal Funding Investment Proceeds                  0.00 
Interest on Reserve Account                  0.00 
Series Adjusted Portfolio Yield                  30.5265%
Base Rate                  6.7929%
Excess Spread Percentage                  24.4121%
                     
C. Certificates - Balances and Distributions   Class A    Class B    Collateral Interest    Total 
Beginning Certificates Balance   1,000,000,000.00    42,858,000.00    100,001,000.00    1,142,859,000.00 
Distributions of Interest   3,758,333.33    175,003.50    542,672.09    4,476,008.92 
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   3,758,333.33    175,003.50    542,672.09    4,476,008.92 
Ending Certificates Balance   1,000,000,000.00    42,858,000.00    100,001,000.00    1,142,859,000.00 

 

  

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:  $3.76 
          
  (2) The amount of the distribution in respect of Class A Monthly Interest:  $3.76 
          
  (3) The amount of the distribution in respect of Class A Outstanding Monthly Interest:  $0.00 
          
  (4) The amount of the distribution in respect of Class A Additional Interest:  $0.00 
          
  (5) The amount of the distribution in respect of principal of the Class A Certificates:  $0.00 
         
E) Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.     
        
  (1) The total amount of Class A Investor Charge-Offs:  $0.00 
          
  (2) The amount of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of Class A Investor Charge-Offs:  $0.00 
          
  (4) The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 
          
F) Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.     
        
  (1) The total amount of the distribution in respect of Class B Certificates:  $4.08 
          
  (2) The amount of the distribution in respect of Class B Monthly Interest:  $4.08 
          
  (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 the reductions in the Class B Invested Amount per $1,000 original certificate principal amount:  $0.00 
          
  (3) The total amount reimbursed in respect of such reductions in the Class B Invested Amount:  $0.00 
          
  (4) The amount reimbursed in respect of such reductions in the Class B Invested Amount, per $1,000 original certificate principal amount:  $0.00 
          
  (5) The amount, if any, by which the outstanding principal balance of the Class B Certificates exceeds the Class B Invested Amount after giving effect to all transactions on such Distribution Date:  $0.00 

 

H) Information regarding distributions on the Distribution Date to the Collateral Interest Holder.     
          
(1) The total amount distributed to the Collateral Interest Holder:  $23,792,373.03 
          
  (2) The amount of the distribution in respect of Collateral Minimum Monthly Interest (including in respect of Collateral Senior Minimum Monthly Interest):  $542,672.09 
          
  (3) The amount of the distribution in respect of Collateral Senior Additional Interest (including 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 of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:  $23,249,700.94 

 

I) Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.     
        
  (1) The amount of reductions in the Collateral Invested Amount pursuant to clauses (c), (d) and (e) of the definition of Collateral Invested Amount:  $0.00 
          
  (2) The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:  $0.00 

 

 

J. Application of Reallocated Investor Finance Charge Collections    
       
  1. Class A Available Funds  $27,663,294.83 
          
    a. Class A Monthly Interest  $3,758,333.33 
    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)  $1,736,671.46 
    e. Excess Spread  $22,168,290.04 
            
  2. Class B Available Funds  $1,185,593.49 
          
    a. Class B Monthly Interest  $175,003.50 
    b. Class B Outstanding Monthly Interest  $0.00 
    c. Class B Additional Interest  $0.00 
    d. Excess Spread  $1,010,589.99 
            
  3. Collateral Available Funds  $2,766,357.15 
          
    a. Excess Spread  $2,766,357.15 
            
  4. Total Excess Spread  $25,945,237.18 

 

K. Reallocated Principal Collections    
       
  1. Principal Allocation Percentage   61.1018%
          
  2. Series 2025-5 Allocable Principal Collections  $960,951,058.40 
          
  3. Principal Allocation Percentage of Series 2025-5 Allocable Principal Collections  $587,158,261.30 
         
  4. Reallocated Principal Collections Required to fund the Required Amount  $0.00 
          
  5. Item 3 minus Item 4  $587,158,261.30 
          
  6. Shared Principal Collections from other Series allocated to Series 2025-5  $0.00 
          
  7. Other amounts treated as Available Principal Collections:  $1,984,770.61 
          
  8. Available Principal Collections (total of items 5, 6 and 7)  $589,143,031.91 

 

L. Application of Available Principal Collections during Revolving Period     
        
  1. Collateral Invested Amount  $100,001,000.00 
          
  2. Required Collateral Invested Amount  $100,001,000.00 
          
  3. Excess of Collateral Invested Amount over Required Collateral Invested Amount  $0.00 
          
  4. Treated as Shared Principal Collections  $589,143,031.91 

 

 

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 2025-5     
          
1. Excess Spread  $25,945,237.18 
  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  $74,430.27 
  7. Reduction of Class B Invested Amount treated as Available Principal Collections  $0.00 
  8. Applied to Collateral Senior Minimum Monthly Interest  $251,905.39 
  9. Applied to unpaid Monthly Servicing Fee  $1,904,765.00 
  10. Collateral Default Amount treated as Available Principal Collections  $173,668.88 
  11. Reduction of Collateral Invested Amount treated as Available Principal Collections  $0.00 
  12. Deposited to Reserve Account  $0.00 
  13. Applied to any remaining Collateral Minimum Monthly Interest  $290,766.70 
  14A. (a) Prior to a Note Trust Transfer, remaining Excess Spread applied as Excess Finance Charge Collections  $0.00 
    (b) Prior to a Note Trust Transfer, remaining Excess Spread distributed to the holders of the Transferor Certificates  $23,249,700.94 
  14B. Following a Note Trust Transfer, remaining Excess Spread distributed to Collateral Interest Holder(s)   N/A 
          
O. Yield and Base Rate     
            
  1. Base Rate     
  a. Current Monthly Period   6.7929%
    b. Prior Monthly Period   7.5476%
    c. Second Prior Monthly Period   6.1753%
            
  2. Three Month Average Base Rate   6.8386%
          
  3. Series Adjusted Portfolio Yield     
    a. Current Monthly Period   30.5265%
    b. Prior Monthly Period   34.0041%
    c. Second Prior Monthly Period   31.2367%
            
  4. Three Month average Series Adjusted Portfolio Yield   31.9224%
          
  5. Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?   Yes 

 

 

P. Reassignment Amount    
       
  Adjusted Invested Amount  $1,142,859,000.00 
Monthly Interest  $4,476,008.92 
  Monthly Interest previously due but not paid  $0.00 
  Additional Interest  $0.00 
  Additional Interest previously due but not paid  $0.00 
  Reassignment Amount  $1,147,335,008.92