8-K 1 ecr0501_8k0505.txt 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): May 25, 2005 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)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits 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: May 25, 2005 ECR By: /s/ Maria Tokarz ------------------------------ Name: Maria Tokarz Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated May 25, 2005 Payment Date: 05/25/05 ------------------------------------------------------------ ENCORE CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-1 ------------------------------------------------------------

Payment Date: 05/25/05 ------------------------------------------------------------ ENCORE CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-1 ------------------------------------------------------------

------------------------------------------------------------ ENCORE CAPITAL CORPORATION Encore Credit Receivables Trust, Asset-Backed Notes, Series 2005-1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 740,039,079.84 821,897,497.58 1,561,936,577.42 Loan count 3841 3675 7516 Avg loan rate 7.243874% 7.345012% 7.30 Prepay amount 9,203,430.84 12,283,926.35 21,487,357.19 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 309,138.48 339,585.67 648,724.16 Sub servicer fees 0.00 0.00 0.00 Trustee fees 5,623.43 6,260.54 11,883.97 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 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 82.732998% 100.000000% 1,310,925,204.63 ----------------------------------------------------------------------------- Junior 17.267002% 0.000000% 273,600,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 64 12,512,393.57 60 to 89 days 1 413,384.51 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 65 12,925,778.08 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 30,848,744.54 30,848,744.54 Principal remittance amount 22,592,150.84 22,592,150.84 Interest remittance amount 8,256,593.70 8,256,593.70

ENCORE CREDIT RECEIVABLES TRUST 2005-1 8-K