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Encore Credit Receivables Trust 2005-1 – ‘8-K’ for 2/25/06

On: Thursday, 3/2/06, at 1:23pm ET · For: 2/25/06 · Accession #: 1071787-6-492 · File #: 333-118926-17

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/02/06  Encore Credit Recs Trust 2005-1   8-K:9       2/25/06    1:13K                                    Bank of NY… Analytics/FA

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         8     27K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Financial Statements and Exhibits Other Events
1	1st Page - Filing Submission
2	Item 8.01. Other Events
"	Item 9.01. Financial Statements and Exhibits

8-K 1st Page of 8 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION  

Washington, D.C. 20549  

FORM 8-K  

CURRENT REPORT  

Pursuant to Section 13 or 15(d) of the  

Securities Exchange Act of 1934 

Date of Report (Date of earliest event reported): February 25, 2006 

ECR 

(Depositor) 

(Issuer in respect of Encore Credit Receivables Trust, Asset-Backed Notes,

  (Exact name of registrant as specified in charter)

Delaware                      33-63714                      95-4449516          
(State or other               (Commission File No.)         (I.R.S. Employer    
   jurisdiction of                                         Identification No.)
organization)                                                           

, , N/A                                                     91110-7137          
(Address of principal executive offices)                    (Zip Code)          

Registrant's Telephone Number, including area code: (818)-304-4428              

Not Applicable
(Former name, former address and former fiscal year,
 if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to           
simultaneously satisfy the filing obligation of the registrant under any of the 
following provisions.                                                           

[]Written communications pursuant to Rule 425 under the Securities Act (17      
CFR 230.425)                                                                
[]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17        
CFR 240.14a-12)                                                             
[]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange  
Act (17 CFR 240.14d-2(b))                                                   
[]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange  
Act (17 CFR 240.13e-4(c))                                                   

8-K 2nd Page of 8 TOC 1st Previous Next ↓Bottom Just 2nd
Section 8 - Other Events                

Item 8.01  Other Events                                                     

     Section 9 - Financial Statements and Exhibits

Item 9.01  Financial Statements and Exhibits                                

8-K 3rd Page of 8 TOC 1st Previous Next ↓Bottom Just 3rd
SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.                                          

Dated: February 25, 2006                                                        

ECR 

By: /s/ Maria Tokarz        
          ------------------------------
Name:   Maria Tokarz        
       Assistant Treasurer
         The Bank of New York,
as Trustee  

8-K 4th Page of 8 TOC 1st Previous Next ↓Bottom Just 4th
EXHIBIT INDEX 

Exhibit                                                                         

99                  Monthly Remittance Statement dated February 25, 2006        

Payment Date: 02/25/06

------------------------------------------------------------
ENCORE CAPITAL CORPORATION
Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-1
------------------------------------------------------------

                                                        [Enlarge/Download Table]


Class Information                                Current Payment Information                                                        

----------------------------------------------------------------------------------------------------------------------------------  
                                 Beginning       Pass Thru     Principal       Interest      Total           Principal  Interest    
Type       Class Code   Name     Cert. Bal.      Rate          Dist. Amt.      Dist. Amt.    Dist.           Losses     Shortfalls  
----------------------------------------------------------------------------------------------------------------------------------  
                                                                                                                                    
Senior                  1A1       297,879,239.56    4.730000%    19,095,518.02  1,291,554.74   20,387,072.75       0.00       0.00  
                        1A2        74,469,661.42    4.780000%     4,773,869.99    326,301.23    5,100,171.22       0.00       0.00  
                        2A1        94,924,626.81    4.620000%    27,311,275.65    402,005.79   27,713,281.45       0.00       0.00  
                        2A2       292,638,000.00    4.730000%             0.00  1,268,829.60    1,268,829.60       0.00       0.00  
                        2A3        25,264,000.00    4.850000%             0.00    112,319.53      112,319.53       0.00       0.00  
                        OTC       1,078,744,091.52    0.000000%             0.00    941,932.30      941,932.30       0.00       0.00
                        C-1                 0.00    0.000000%             0.00    847,284.89      847,284.89       0.00       0.00  
                        C-2       1,078,744,091.52    0.000000%             0.00          0.00            0.00       0.00       0.00
----------------------------------------------------------------------------------------------------------------------------------  
Subordinate             M1         60,000,000.00    4.970000%             0.00    273,350.00      273,350.00       0.00       0.00  
                        M2         52,800,000.00    4.990000%             0.00    241,516.00      241,516.00       0.00       0.00  
                        M3         33,600,000.00    5.020000%             0.00    154,616.00      154,616.00       0.00       0.00  
                        M4         28,000,000.00    5.210000%             0.00    133,723.33      133,723.33       0.00       0.00  
                        M5         28,000,000.00    5.230000%             0.00    134,236.67      134,236.67       0.00       0.00  
                        M6         22,400,000.00    5.280000%             0.00    108,416.00      108,416.00       0.00       0.00  
                        M7         19,200,000.00    5.830000%             0.00    102,608.00      102,608.00       0.00       0.00  
                        M8         13,600,000.00    5.930000%             0.00     73,927.33       73,927.33       0.00       0.00  
                        B          16,000,000.00    6.122724%             0.00     95,773.83       95,773.83       0.00       0.00  
----------------------------------------------------------------------------------------------------------------------------------  
----------------------------------------------------------------------------------------------------------------------------------  
Totals          -        -        1,058,775,527.79     -           51,180,663.65  6,508,395.25   57,689,058.90     -          -     
----------------------------------------------------------------------------------------------------------------------------------  
Class Information                                                                                                                   

--------------------------------------------------------------------------------                                                    
                                             Ending Cert.          Unpaid                                                           
Type             Class Code     Name         Notional Bal.         Interest                                                         
--------------------------------------------------------------------------------                                                    
Senior                          1A1       278,783,721.54              0.00                                                          
                                1A2        69,695,791.43              0.00                                                          
                                2A1        67,613,351.16              0.00                                                          
                                2A2       292,638,000.00              0.00                                                          
                                2A3        25,264,000.00              0.00                                                          
                                OTC       1,028,394,909.94            0.00                                                          
                                C-1                 0.00              0.00                                                          
                                C-2       1,028,394,909.94            0.00                                                          
--------------------------------------------------------------------------------                                                    
Subordinate                     M1         60,000,000.00              0.00                                                          
                                M2         52,800,000.00              0.00                                                          
                                M3         33,600,000.00              0.00                                                          
                                M4         28,000,000.00              0.00                                                          
                                M5         28,000,000.00              0.00                                                          
                                M6         22,400,000.00              0.00                                                          
                                M7         19,200,000.00              0.00                                                          
                                M8         13,600,000.00              0.00                                                          
                                B          16,000,000.00              0.00                                                          
--------------------------------------------------------------------------------                                                    
--------------------------------------------------------------------------------                                                    
Totals            -              -        1,007,594,864.13   -                                                                      
--------------------------------------------------------------------------------                                                    


8-K 5th Page of 8 TOC 1st Previous Next ↓Bottom Just 5th
Payment Date: 02/25/06

------------------------------------------------------------
ENCORE CAPITAL CORPORATION
Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-1
------------------------------------------------------------

                                                        [Enlarge/Download Table]


Class Information                                Current Payment Information                                            

                                                      Factors per $1,000                                                

------------------------------------------------------------------------------------------------------------------------
                                   Beginning     Pass Thru    CUSIP       Principal     Interest    Ending Cert./       
Type        Class Code    Name   Cert. Bal.(Face)  Rate       Numbers       Dist.         Dist.     Notional Bal.       
------------------------------------------------------------------------------------------------------------------------
                                                                                                                        
------------------------------------------------------------------------------------------------------------------------
Senior                     1A1   297,879,239.56     4.730000% 126673VJ8    38.070657      2.574967    555.809972        
                           1A2    74,469,661.42     4.780000% 126673VK5    38.070657      2.602187    555.809972        
                           2A1    94,924,626.81     4.620000% 126673VL3    71.585061      1.053690    177.220059        
                           2A2   292,638,000.00     4.730000% 126673VM1     0.000000      4.335833  1,000.000000        
                           2A3    25,264,000.00     4.850000% 126673VN9     0.000000      4.445833  1,000.000000        
                           OTC   1,078,744,091.52     0.000000% 126673OTC     0.000000      0.588708    642.746819      
                           C-1             0.00     0.000000% 126673C-1     0.000000      0.000000      0.000000        
                           C-2   1,078,744,091.52     0.000000% 126673C-2     0.000000      0.000000    642.746819      
------------------------------------------------------------------------------------------------------------------------
Subordinate                M1     60,000,000.00     4.970000% 126673VP4     0.000000      4.555833  1,000.000000        
                           M2     52,800,000.00     4.990000% 126673VQ2     0.000000      4.574167  1,000.000000        
                           M3     33,600,000.00     5.020000% 126673VR0     0.000000      4.601667  1,000.000000        
                           M4     28,000,000.00     5.210000% 126673VS8     0.000000      4.775833  1,000.000000        
                           M5     28,000,000.00     5.230000% 126673VT6     0.000000      4.794167  1,000.000000        
                           M6     22,400,000.00     5.280000% 126673VU3     0.000000      4.840000  1,000.000000        
                           M7     19,200,000.00     5.830000% 126673VV1     0.000000      5.344167  1,000.000000        
                           M8     13,600,000.00     5.930000% 126673VW9     0.000000      5.435833  1,000.000000        
                           B      16,000,000.00     6.122724% 126673VX7     0.000000      5.985864  1,000.000000        
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------
Totals       -             -     1,058,775,527.79       -            -           -             -           -            
------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------

8-K 6th Page of 8 TOC 1st Previous Next ↓Bottom Just 6th
------------------------------------------------------------
ENCORE CAPITAL CORPORATION
Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-1
------------------------------------------------------------

--------------------------------------------------------------------------------
COLLATERAL INFORMATION
--------------------------------------------------------------------------------

                                             Total
                                             -----
Prin balance       487,780,430.91   540,614,479.03 1,028,394,909.94             
Loan count                   2654             2564             5218             
Avg loan rate           7.213678%        7.283980%             7.25             
Prepay amount       22,968,980.04    26,087,787.63    49,056,767.67             

--------------------------------------------------------------------------------
 FEES AND ADVANCES
--------------------------------------------------------------------------------

                                             Total
                                             -----
Master serv fees       196,625.63       219,924.51       416,550.14             
Sub servicer fees            0.00             0.00             0.00             
Trustee fees             3,834.13         4,256.45         8,090.58             

Agg advances                  N/A              N/A              N/A             
Adv this period        195,031.30       257,490.60       452,521.90             

--------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
--------------------------------------------------------------------------------

                                             Total
                                             -----
Realized losses         32,956.77       132,308.29       165,265.06             
Cumulative losses       34,796.70       291,967.41       326,764.11             

Coverage Amounts                                            Total               
----------------                                            -----               
Bankruptcy                   0.00             0.00             0.00             
Fraud               15,126,110.47    16,873,960.00    32,000,070.47             
Special Hazard               0.00             0.00             0.00             

   Aggregate Certificate Information
   -----------------------------------------------------------------------------
  Class            Aggregate           Aggregate                     Aggregate
  Type            Percentage           Prepay Pct.              End Cert. Bal.
   -----------------------------------------------------------------------------
 Senior           74.158828%           100.000000%            785,175,527.79
   -----------------------------------------------------------------------------
 Junior           25.841172%             0.000000%            273,600,000.00
   -----------------------------------------------------------------------------

--------------------------------------------------------------------------------
DELINQUENCY INFORMATION     
--------------------------------------------------------------------------------
Period                             Loan Count    Ending Stated Balance          
------                             ----------    ---------------------          
30 to 59 days                          79                15,883,634.32          
60 to 89 days                          38                 7,365,112.69          
90 or more                             66                14,212,685.70          
Foreclosure                           117                20,567,985.74          

Totals:                               300                58,029,418.45          
--------------------------------------------------------------------------------

8-K 7th Page of 8 TOC 1st Previous Next ↓Bottom Just 7th
--------------------------------------------------------------------------------
REO INFORMATION 
--------------------------------------------------------------------------------
REO Date        Loan Number     Ending Stated Balance          Book Value 
--------        -----------     ---------------------          ---------- 
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
N/A              #                   0                            N/A     
Totals:                              0                            N/A     

Current Total Outstanding Balance:                              1,185,440.63    
Current Total Outstanding Number of Loans:                                10    

8-K Last Page of 8 TOC 1st Previous Next ↓Bottom Just 8th
--------------------------------------------------------------------------------
OTHER INFORMATION 
--------------------------------------------------------------------------------
                           Amount/Withdrawal     Total/Ending Bal.
                           -----------------     -----------------
Available remittance amount           57,689,058.90         57,689,058.90       
Principal remittance amount           51,180,663.65         51,180,663.65       
Interest remittance amount             6,508,395.25          6,508,395.25

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Dates Referenced Herein

		Referenced-On Page
This ‘8-K’ Filing	Date	First	Last	Other Filings

Filed on:	3/2/06			None on these Dates
For Period End:	2/25/06	1	4
				List all Filings

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Filing Submission 0001071787-06-000492 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Encore Credit Receivables Trust 2005-1 – ‘8-K’ for 2/25/06

On: Thursday, 3/2/06, at 1:23pm ET · For: 2/25/06 · Accession #: 1071787-6-492 · File #: 333-118926-17

Previous ‘8-K’: ‘8-K’ on 1/27/06 for 1/25/06 · Next & Latest: ‘8-K’ on 3/30/06 for 3/25/06

Current Report — Form 8-KFiling Table of Contents

Document Table of Contents

Dates Referenced Herein

Current Report — Form 8-K
Filing Table of Contents