MONTHLY SERVICER’S CERTIFICATE

AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.

AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

The undersigned, a duly authorized representative of American Express Travel Related Services Company, Inc., as Servicer (“TRS”), pursuant to the Pooling and Servicing Agreement, dated as of May 16, 1996, as amended and restated as of January 1, 2006 (as amended and restated and as otherwise amended and supplemented, the “Agreement”), as supplemented by the Series Supplements

(as amended and supplemented, the “Series Supplements”), among TRS, as Servicer, American Express Receivables Financing Corporation II, American Express Receivables Financing Corporation III LLC and American Express Receivables Financing Corporation IV LLC, as Transferors, and The Bank of New York, as Trustee, does hereby certify as follows:

1.	Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement or the Series Supplements, as applicable.

2.	TRS is, as of the date hereof, the Servicer under the Agreement.

3.	The undersigned is a Servicing Officer.

4.	This Certificate relates to the Distribution Date occurring on December 17, 2012 and covers activity from October 26, 2012 through November 23, 2012.

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 12th day of December.


AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer

By:		/s/ Kunal Singhania
Name:		Kunal Singhania
Title:		Vice President ABS Operations


A. Trust Activity	Trust Totals
Record Date		November 30, 2012
Number of days in Monthly Period		29
Beginning Number of Accounts		22,653,152
Beginning Principal Receivable Balance, including any Additions, Removals, or Adjustments of Principal Receivables during the Monthly Period		30,485,226,653.63
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		30,485,226,653.63
Finance Charge Collections (excluding Recoveries)		491,916,085.91
Collections of Discount Option Receivables		0.00
Recoveries		19,828,421.50
Total Collections of Finance Charge Receivables		511,744,507.41
Total Collections of Principal Receivables		9,179,614,273.97
Monthly Payment Rate		31.1500	%
Defaulted Amount		71,748,607.23
Annualized Default Rate		2.9935	%
Annualized Default Rate, Net of Recoveries		2.1662	%
Trust Portfolio Yield		18.1658	%
New Principal Receivables		8,933,271,662.96
Ending Number of Accounts		22,639,302
Ending Principal Receivables Balance		30,167,135,435.39
Ending Required Minimum Principal Balance		19,408,641,190.00
Ending Transferor Amount		12,028,218,435.39
Ending Special Funding Account Balance		0.00
Ending Total Principal Balance		30,167,135,435.39

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B. Series Allocations
	Invested Amount		Adjusted Invested Amount		Principal Funding Account Balance		Series Required Transferor Amount		Series Allocation Percentage			Series Allocable Finance Charge Collections		Series Allocable Recoveries		Series Allocable Principal Collections		Series Allocable Defaulted Amount
Group 1
2012-2		1,785,716,000		1,785,716,000.00		0.00		125,000,120.00		9.84	%		50,379,543.32		1,952,042.09		903,702,469.27		7,063,411.55
2012-5		714,287,000		714,287,000.00		0.00		50,000,090.00		3.94	%		20,151,834.26		780,817.49		361,481,291.35		2,825,366.99

Total		2,500,003,000.00		2,500,003,000.00		0.00		175,000,210.00		13.78	%		70,531,377.58		2,732,859.58		1,265,183,760.62		9,888,778.54

Group 2
2004-2		400,000,000		400,000,000.00		0.00		28,000,000.00		2.21	%		11,285,006.87		437,257.01		202,429,158.79		1,582,202.67
2005-2		600,000,000		600,000,000.00		0.00		42,000,000.00		3.31	%		16,927,510.31		655,885.51		303,643,738.18		2,373,304.00
2007-2		500,000,000		500,000,000.00		0.00		35,000,000.00		2.76	%		14,106,258.59		546,571.26		253,036,448.48		1,977,753.34
2008-2		1,363,638,000		1,363,638,000.00		0.00		95,454,660.00		7.52	%		38,471,660.50		1,490,650.68		690,100,233.07		5,393,879.21
2008-4		607,956,000		607,956,000.00		0.00		42,556,920.00		3.35	%		17,151,969.09		664,582.56		307,670,054.15		2,404,774.01
2008-5		909,091,000		909,091,000.00		0.00		63,636,370.00		5.01	%		25,647,745.45		993,766.03		460,066,315.97		3,595,915.52
2008-6		1,534,091,000		1,534,091,000.00		0.00		107,386,370.00		8.46	%		43,280,568.69		1,676,980.11		776,361,876.58		6,068,107.19
2008-7		596,592,000		596,592,000.00		0.00		41,761,440.00		3.29	%		16,831,362.05		652,160.08		301,919,041.75		2,359,823.64
2008-9		625,000,000		625,000,000.00		0.00		43,750,000.00		3.45	%		17,632,823.23		683,214.08		316,295,560.60		2,472,191.67
2009-2		1,515,155,000		1,515,155,000.00		0.00		106,060,850.00		8.35	%		42,746,336.46		1,656,280.36		766,778,880.20		5,993,205.71
2010-1		1,030,304,000		1,030,304,000.00		0.00		72,121,280.00		5.68	%		29,067,469.30		1,126,269.11		521,408,930.03		4,075,374.35
2011-1		1,212,122,000		1,212,122,000.00		0.00		84,848,540.00		6.68	%		34,197,012.74		1,325,022.10		613,422,092.01		4,794,556.66
2011-2		1,212,122,000		1,212,122,000.00		0.00		84,848,540.00		6.68	%		34,197,012.74		1,325,022.10		613,422,092.01		4,794,556.66
2012-1		606,062,000		606,062,000.00		0.00		42,424,340.00		3.34	%		17,098,534.58		662,512.14		306,711,552.08		2,397,282.29
2012-3		1,212,122,000		1,212,122,000.00		0.00		84,848,540.00		6.68	%		34,197,012.74		1,325,022.10		613,422,092.01		4,794,556.66
2012-A		0		0.00		0.00		0.00		0.00	%		0.00		0.00		0.00		0.00
2012-4		1,181,820,000		1,181,820,000.00		0.00		82,727,400.00		6.52	%		33,342,117.05		1,291,897.70		598,087,071.09		4,674,696.90
2009-D-II		532,839,000		532,839,000.00		0.00		37,298,730.00		2.94	%		15,032,729.44		582,468.97		269,655,376.35		2,107,648.22

Total		15,638,914,000.00		15,638,914,000.00		0.00		1,094,723,980.00		86.22	%		441,213,129.83		17,095,561.90		7,914,430,513.35		61,859,828.70

Trust		18,138,917,000.00		18,138,917,000.00		0.00		1,269,724,190.00		100.00	%		511,744,507.41		19,828,421.48		9,179,614,273.97		71,748,607.24

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C. Group Allocations (1)
	Invested Amount		Investor Finance Charge Collections		Investor Monthly Interest		Investor Default Amount		Investor Monthly Fees		Investor Additional Amounts		Total		Reallocated Investor Finance Charge Collections		Investment Funding Account Proceeds		Available Excess
Group 1
2012-2		1,785,716,000.00		29,976,170.59		1,054,688.78		4,202,777.87		2,976,193.34		0.00		8,233,659.99		29,959,344.68		0.00		21,725,684.69
2012-5		714,287,000.00		11,990,478.31		445,432.15		1,681,112.56		1,190,478.33		0.00		3,317,023.04		12,007,304.22		0.00		8,690,281.18

Total		2,500,003,000.00		41,966,648.90		1,500,120.93		5,883,890.43		4,166,671.67		0.00		11,550,683.03		41,966,648.90		0.00		30,415,965.87

Group 2
2004-2		400,000,000.00		6,714,655.77		155,733.33		941,421.34		666,666.67		0.00		1,763,821.34		6,503,909.25		0.00		4,740,087.91
2005-2		600,000,000.00		10,071,983.65		190,186.67		1,412,132.01		1,000,000.00		0.00		2,602,318.68		9,712,450.54		0.00		7,110,131.86
2007-2		500,000,000.00		8,393,319.71		126,511.11		1,176,776.68		833,333.33		0.00		2,136,621.12		8,061,731.00		0.00		5,925,109.88
2008-2		1,363,638,000.00		22,890,899.40		2,240,067.07		3,209,394.78		2,272,730.00		0.00		7,722,191.85		23,881,601.83		0.00		16,159,409.98
2008-4		607,956,000.00		10,205,538.15		832,358.70		1,430,856.88		1,013,260.00		0.00		3,276,475.58		10,480,887.79		0.00		7,204,412.21
2008-5		909,091,000.00		15,260,582.81		985,454.87		2,139,594.17		1,515,151.66		0.00		4,640,200.70		15,413,128.84		0.00		10,772,928.14
2008-6		1,534,091,000.00		25,752,232.45		2,347,500.38		3,610,565.01		2,556,818.33		0.00		8,514,883.72		26,694,199.21		0.00		18,179,315.49
2008-7		596,592,000.00		10,014,774.79		912,787.27		1,404,111.10		994,320.00		0.00		3,311,218.37		10,380,964.68		0.00		7,069,746.31
2008-9		625,000,000.00		10,491,649.63		1,139,027.78		1,470,970.84		1,041,666.67		0.00		3,651,665.29		11,058,052.64		0.00		7,406,387.35
2009-2		1,515,155,000.00		25,434,360.65		2,171,171.85		3,565,998.12		2,525,258.33		0.00		8,262,428.30		26,217,348.03		0.00		17,954,919.73
2010-1		1,030,304,000.00		17,295,341.74		474,260.18		2,424,875.43		1,717,173.34		0.00		4,616,308.95		16,825,637.78		0.00		12,209,328.83
2011-1		1,212,122,000.00		20,347,454.94		482,800.14		2,852,793.79		2,020,203.34		0.00		5,355,797.27		19,719,709.35		0.00		14,363,912.08
2011-2		1,212,122,000.00		20,347,454.94		442,126.68		2,852,793.79		2,020,203.34		0.00		5,315,123.81		19,679,035.89		0.00		14,363,912.08
2012-1		606,062,000.00		10,173,744.26		292,579.52		1,426,399.25		1,010,103.33		0.00		2,729,082.10		9,911,049.99		0.00		7,181,967.89
2012-3		1,212,122,000.00		20,347,454.94		431,083.26		2,852,793.79		2,020,203.34		0.00		5,304,080.39		19,667,992.47		0.00		14,363,912.08
2012-4		1,181,820,000.00		19,838,786.20		616,531.57		2,781,476.42		1,969,700.00		0.00		5,367,707.99		19,372,534.72		0.00		14,004,826.73
2012-A		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total		15,106,075,000.00		253,580,234.03		13,840,180.38		35,552,953.40		25,176,791.68		0.00		74,569,925.46		253,580,234.01		0.00		179,010,308.55

Trust Total		17,606,078,000.00		295,546,882.93		15,340,301.31		41,436,843.83		29,343,463.35		0.00		86,120,608.49		295,546,882.91		0.00		209,426,274.42


	Group Investor Finance Charge Collections		Group Expenses		Group Reallocable Investor Finance Charge Collections
Group 1		41,966,648.90		11,550,683.03		30,415,965.87
Group 2		253,580,234.03		74,569,925.46		179,010,308.57

(1)

Series 2009-D-II does not share in group allocations with other series. Therefore, certain figures set forth in section “B. Series Allocations” above, which include Series 2009-D-II, will not equal the corresponding figures set forth in this section “C. Group Allocations.”

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D. Trust Performance


Delinquencies:
31-60 Days Delinquent:			124,773,040
61-90 Days Delinquent:			85,959,256
90+ Days Delinquent:			204,499,536
Total 30+ Days Delinquent:			415,231,832

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 February 10, 2012 under CIK number 0000949349

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Series 2004-2 Certificates


A. Investor/Transferor Allocations	Series Allocations			Total Investor Interest			Transferors’ Interest
Beginning Invested Amount/Transferor Amount		672,261,230.45			400,000,000.00			272,261,230.45
Beginning Adjusted Invested Amount		N/A			400,000,000.00			N/A
Floating Allocation Percentage		N/A			59.5007	%		40.4993	%
Principal Allocation Percentage		N/A			59.5007	%		40.4993	%
Collections of Finance Charge Receivables		11,285,006.87			6,714,655.77			4,570,351.10
Collections of Principal Receivables		202,429,158.79			120,446,724.95			81,982,433.84
Defaulted Amount		1,582,202.67			941,421.34			640,781.33
Ending Invested Amount / Transferor Amount		665,246,672.34			400,000,000.00			265,246,672.34

B. Monthly Period Funding Requirements	Class A			Class B			Collateral Interest			Total
Principal Funding Account Balance		0.00			0.00			0.00			0.00
Investment Proceeds for Monthly Period		0.00			0.00			0.00			0.00
Reserve Account Opening Balance		0.00			0.00			0.00			0.00
Reserve Account Investment Proceeds retained per Section 4.12(b)		0.00			0.00			0.00			0.00
Reserve Account Deposit		0.00			0.00			0.00			0.00
Reserve Draw Amount		0.00			0.00			0.00			0.00
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Required Reserve Account Amount		0.00			0.00			0.00			0.00

LIBOR Determination Date		November 13, 2012			November 13, 2012			November 13, 2012
Coupon November 15, 2012—December 16, 2012		0.37800	%		0.57800	%		0.87800	%
Monthly Interest Due		112,224.00			15,413.33			28,096.00			155,733.33
Outstanding Monthly Interest Due		0.00			0.00			0.00			0.00
Additional Interest Due		0.00			0.00			0.00			0.00
Total Interest Due		112,224.00			15,413.33			28,096.00			155,733.33
Investor Default Amount		786,086.82			70,606.60			84,727.92			941,421.34
Investor Monthly Fees Due		556,666.67			50,000.00			60,000.00			666,666.67
Investor Additional Amounts Due		0.00			0.00			0.00			0.00
Total Due		1,454,977.49			136,019.93			172,823.92			1,763,821.34

Reallocated Investor Finance Charge Collections											6,503,909.25
Interest and Principal Funding Investment Proceeds											0.00
Interest on Reserve Account											0.00
Series Adjusted Portfolio Yield											17.5027	%
Base Rate											2.3451	%
Excess Spread Percentage											14.2203	%

C. Certificates—Balances and Distributions	Class A			Class B			Collateral Interest			Total
Beginning Certificates Balance		334,000,000.00			30,000,000.00			36,000,000.00			400,000,000.00
Distributions of Interest		112,224.00			15,413.33			28,096.00			155,733.33
Deposits to the Principal Funding Account		0.00			0.00			0.00			0.00
Distributions of Principal		0.00			0.00			0.00			0.00
Total Distributions		112,224.00			15,413.33			28,096.00			155,733.33
Ending Certificates Balance		334,000,000.00			30,000,000.00			36,000,000.00			400,000,000.00

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D.	Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.

	1.	The total amount of the distribution:	$	0.34

	2.	The amount of the distribution in respect of Class A Monthly Interest:	$	0.34

	3.	The amount of the distribution in respect of Class A Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class A Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class A Certificates:	$	0.00

E.	Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.

	1.	The total amount of Class A Investor Charge-Offs:	$	0.00

	2.	The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:	$	0.00

	3.	The total amount reimbursed in respect of Class A Investor Charge-Offs:	$	0.00

	4.	The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:	$	0.00

	5.	The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:	$	0.00

F.	Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.

	1.	The total amount of the distribution in respect of Class B Certificates:	$	0.51

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

	3.	The amount of the distribution in respect of Class B Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class B Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class B Certificates:	$	0.00

- 7 -


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:	$	4,768,183.90

	2.	The amount of the distribution in respect of Collateral Minimum Monthly Interest:	$	28,096.00

	3.	The amount of the distribution in respect of Collateral Additional Interest:	$	0.00

	4.	The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:	$	0.00

	5.	The amount of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:	$	4,740,087.90

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

- 8 -


J.	Application of Reallocated Investor Finance Charge Collections.

	1.	Class A Available Funds:	$	5,430,764.22

		a. Class A Monthly Interest:	$	112,224.00
		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):	$	786,086.82
		e. Excess Spread:	$	4,532,453.40

	2.	Class B Available Funds:	$	487,793.19

		a. Class B Monthly Interest:	$	15,413.33
		b. Class B Outstanding Monthly Interest:	$	0.00
		c. Class B Additional Interest:	$	0.00
		d. Excess Spread:	$	472,379.86

	3.	Collateral Available Funds:	$	585,351.83

		a. Excess Spread:	$	585,351.83

	4.	Total Excess Spread:	$	5,590,185.09

K.	Reallocated Principal Collections.

	1.	Principal Allocation Percentage:		59.5007	%

	2.	Series 2004-2 Allocable Principal Collections:	$	202,429,158.79

	3.	Principal Allocation Percentage of Series 2004-2 Allocable Principal Collections:	$	120,446,724.95

	4.	Reallocated Principal Collections Required to fund the Required Amount:	$	0.00

	5.	Item 3 minus Item 4:	$	120,446,724.95

	6.	Shared Principal Collections from other Series allocated to Series 2004-2:	$	0.00

	7.	Other amounts treated as Available Principal Collections:	$	941,421.34

	8.	Available Principal Collections (total of items 5, 6 & 7):	$	121,388,146.29

L.	Application of Available Principal Collections during Revolving Period.

	1.	Collateral Invested Amount:	$	36,000,000.00

	2.	Required Collateral Invested Amount:	$	36,000,000.00

	3.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	4.	Treated as Shared Principal Collections:	$	121,388,146.29

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M.	Application of Principal Collections During Accumulation or Amortization Period.

	1.	Principal Funding Account:	$	0.00

	2.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	3.	Distribution of Principal:	$	0.00

	4.	Treated as Shared Principal Collections:	$	0.00

N.1.	Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2004-2.

	1.	Excess Spread:	$	5,590,185.09

	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:	$	70,606.60

	7.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	8.	Applied to Collateral Minimum Monthly Interest:	$	28,096.00

	9.	Applied to unpaid Monthly Servicing Fee:	$	666,666.67

	10.	Collateral Default Amount treated as Available Principal Collections:	$	84,727.92

	11.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	12.	Deposited to Reserve Account:	$	0.00

	13.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	4,740,087.90

N.2.	Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2004-2.

	1.	Excess Spread:	$	5,590,185.09

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Funds from Series 2009-D-II	$	0.00

	4.	Applied to fund Class A Required Amount:	$	0.00

	5.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	6.	Applied to fund overdue Class B Interest:	$	0.00

	7.	Applied to fund Class B Required Amount:	$	70,606.60

	8.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	9.	Applied to Collateral Minimum Monthly Interest:	$	28,096.00

	10.	Applied to unpaid Monthly Servicing Fee:	$	666,666.67

	11.	Collateral Default Amount treated as Available Principal Collections:	$	84,727.92

	12.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	13.	Deposited to Reserve Account:	$	0.00

	14.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	4,740,087.90

- 10 -


O.	Yield and Base Rate.

	1.	Base Rate:

		a. Current Monthly Period:	2.3451	%
		b. Prior Monthly Period:	2.4125	%
		c. Second Prior Monthly Period:	2.6296	%

	2.	Three Month Average Base Rate:	2.4624	%

	3.	Series Adjusted Portfolio Yield:

		a. Current Monthly Period:	17.5027	%
		b. Prior Monthly Period:	16.8236	%
		c. Second Prior Monthly Period:	17.6098	%

	4.	Three Month average Series Adjusted Portfolio Yield:	17.3120	%

	5.	Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?	Yes

- 11 -

Series 2005-2 Certificates


A. Investor/Transferor Allocations	Series Allocations			Total Investor Interest			Transferors’ Interest
Beginning Invested Amount/Transferor Amount		1,008,391,845.68			600,000,000.00			408,391,845.68
Beginning Adjusted Invested Amount		N/A			600,000,000.00			N/A
Floating Allocation Percentage		N/A			59.5007	%		40.4993	%
Principal Allocation Percentage		N/A			59.5007	%		40.4993	%
Collections of Finance Charge Receivables		16,927,510.31			10,071,983.65			6,855,526.66
Collections of Principal Receivables		303,643,738.18			180,670,087.42			122,973,650.76
Defaulted Amount		2,373,304.00			1,412,132.01			961,171.99
Ending Invested Amount / Transferor Amount		997,870,008.51			600,000,000.00			397,870,008.51

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
Reserve Account Opening Balance		0.00			0.00			0.00			0.00
Reserve Account Investment Proceeds retained per Section 4.12(b)		0.00			0.00			0.00			0.00
Reserve Account Deposit		0.00			0.00			0.00			0.00
Reserve Draw Amount		0.00			0.00			0.00			0.00
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Required Reserve Account Amount		0.00			0.00			0.00			0.00

LIBOR Determination Date		November 13, 2012			November 13, 2012			November 13, 2012
Coupon November 15, 2012—December 16, 2012		0.30800	%		0.48800	%		0.69800	%
Monthly Interest Due		137,162.67			19,520.00			33,504.00			190,186.67
Outstanding Monthly Interest Due		0.00			0.00			0.00			0.00
Additional Interest Due		0.00			0.00			0.00			0.00
Total Interest Due		137,162.67			19,520.00			33,504.00			190,186.67
Investor Default Amount		1,179,130.23			105,909.90			127,091.88			1,412,132.01
Investor Monthly Fees Due		835,000.00			75,000.00			90,000.00			1,000,000.00
Investor Additional Amounts Due		0.00			0.00			0.00			0.00
Total Due		2,151,292.90			200,429.90			250,595.88			2,602,318.68

Reallocated Investor Finance Charge Collections											9,712,450.54
Interest and Principal Funding Investment Proceeds											0.00
Interest on Reserve Account											0.00
Series Adjusted Portfolio Yield											17.4116	%
Base Rate											2.2626	%
Excess Spread Percentage											14.2203	%

C. Certificates—Balances and Distributions	Class A			Class B			Collateral Interest			Total
Beginning Certificates Balance		501,000,000.00			45,000,000.00			54,000,000.00			600,000,000.00
Distributions of Interest		137,162.67			19,520.00			33,504.00			190,186.67
Deposits to the Principal Funding Account		0.00			0.00			0.00			0.00
Distributions of Principal		0.00			0.00			0.00			0.00
Total Distributions		137,162.67			19,520.00			33,504.00			190,186.67
Ending Certificates Balance		501,000,000.00			45,000,000.00			54,000,000.00			600,000,000.00

- 12 -


D.	Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.

	1.	The total amount of the distribution:	$	0.27

	2.	The amount of the distribution in respect of Class A Monthly Interest:	$	0.27

	3.	The amount of the distribution in respect of Class A Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class A Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class A Certificates:	$	0.00

E.	Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.

	1.	The total amount of Class A Investor Charge-Offs:	$	0.00

	2.	The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:	$	0.00

	3.	The total amount reimbursed in respect of Class A Investor Charge-Offs:	$	0.00

	4.	The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:	$	0.00

	5.	The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:	$	0.00

F.	Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.

	1.	The total amount of the distribution in respect of Class B Certificates:	$	0.43

	2.	The amount of the distribution in respect of Class B Monthly Interest:	$	0.43

	3.	The amount of the distribution in respect of Class B Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class B Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class B Certificates:	$	0.00

- 13 -


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:	$	7,143,635.86

	2.	The amount of the distribution in respect of Collateral Minimum Monthly Interest:	$	33,504.00

	3.	The amount of the distribution in respect of Collateral Additional Interest:	$	0.00

	4.	The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:	$	0.00

	5.	The amount of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:	$	7,110,131.86

I.	Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.

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

	2.	The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:	$	0.00

- 14 -


J.	Application of Reallocated Investor Finance Charge Collections.

	1.	Class A Available Funds:	$	8,109,896.20

		a. Class A Monthly Interest:	$	137,162.67
		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):	$	1,179,130.23
		e. Excess Spread:	$	6,793,603.30

	2.	Class B Available Funds:	$	728,433.79

		a. Class B Monthly Interest:	$	19,520.00
		b. Class B Outstanding Monthly Interest:	$	0.00
		c. Class B Additional Interest:	$	0.00
		d. Excess Spread:	$	708,913.79

	3.	Collateral Available Funds:	$	874,120.55

		a. Excess Spread:	$	874,120.55

	4.	Total Excess Spread:	$	8,376,637.64

K.	Reallocated Principal Collections.

	1.	Principal Allocation Percentage:		59.5007	%

	2.	Series 2005-2 Allocable Principal Collections:	$	303,643,738.18

	3.	Principal Allocation Percentage of Series 2005-2 Allocable Principal Collections:	$	180,670,087.42

	4.	Reallocated Principal Collections Required to fund the Required Amount:	$	0.00

	5.	Item 3 minus Item 4:	$	180,670,087.42

	6.	Shared Principal Collections from other Series allocated to Series 2005-2:	$	0.00

	7.	Other amounts treated as Available Principal Collections:	$	1,412,132.01

	8.	Available Principal Collections (total of items 5, 6 & 7):	$	182,082,219.43

L.	Application of Available Principal Collections during Revolving Period.

	1.	Collateral Invested Amount:	$	54,000,000.00

	2.	Required Collateral Invested Amount:	$	54,000,000.00

	3.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	4.	Treated as Shared Principal Collections:	$	182,082,219.43

- 15 -


M.	Application of Principal Collections During Accumulation or Amortization Period.

	1.	Principal Funding Account:	$	0.00

	2.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	3.	Distribution of Principal:	$	0.00

	4.	Treated as Shared Principal Collections:	$	0.00

N.1.	Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2005-2.

	1.	Excess Spread:	$	8,376,637.64

	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:	$	105,909.90

	7.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	8.	Applied to Collateral Minimum Monthly Interest:	$	33,504.00

	9.	Applied to unpaid Monthly Servicing Fee:	$	1,000,000.00

	10.	Collateral Default Amount treated as Available Principal Collections:	$	127,091.88

	11.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	12.	Deposited to Reserve Account:	$	0.00

	13.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	7,110,131.86

N.2.	Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2005-2.

	1.	Excess Spread:	$	8,376,637.64

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Funds from Series 2009-D-II	$	0.00

	4.	Applied to fund Class A Required Amount:	$	0.00

	5.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	6.	Applied to fund overdue Class B Interest:	$	0.00

	7.	Applied to fund Class B Required Amount:	$	105,909.90

	8.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	9.	Applied to Collateral Minimum Monthly Interest:	$	33,504.00

	10.	Applied to unpaid Monthly Servicing Fee:	$	1,000,000.00

	11.	Collateral Default Amount treated as Available Principal Collections:	$	127,091.88

	12.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	13.	Deposited to Reserve Account:	$	0.00

	14.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	7,110,131.86

- 16 -


O.	Yield and Base Rate.

	1.	Base Rate:

		a. Current Monthly Period:	2.2626	%
		b. Prior Monthly Period:	2.3300	%
		c. Second Prior Monthly Period:	2.5471	%

	2.	Three Month Average Base Rate:	2.3799	%

	3.	Series Adjusted Portfolio Yield:

		a. Current Monthly Period:	17.4116	%
		b. Prior Monthly Period:	16.7411	%
		c. Second Prior Monthly Period:	17.5328	%

	4.	Three Month average Series Adjusted Portfolio Yield:	17.2285	%

	5.	Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?	Yes

- 17 -

Series 2007-2 Certificates


A. Investor/Transferor Allocations	Series Allocations			Total Investor Interest			Transferors’ Interest
Beginning Invested Amount/Transferor Amount		840,326,538.06			500,000,000.00			340,326,538.06
Beginning Adjusted Invested Amount		N/A			500,000,000.00			N/A
Floating Allocation Percentage		N/A			59.5007	%		40.4993	%
Principal Allocation Percentage		N/A			59.5007	%		40.4993	%
Collections of Finance Charge Receivables		14,106,258.59			8,393,319.71			5,712,938.88
Collections of Principal Receivables		253,036,448.48			150,558,406.18			102,478,042.30
Defaulted Amount		1,977,753.34			1,176,776.68			800,976.66
Ending Invested Amount / Transferor Amount		831,558,340.43			500,000,000.00			331,558,340.43

B. Monthly Period Funding Requirements	Class A			Class B			Collateral Interest			Total
Principal Funding Account Balance		0.00			0.00			0.00			0.00
Investment Proceeds for Monthly Period		0.00			0.00			0.00			0.00
Reserve Account Opening Balance		0.00			0.00			0.00			0.00
Reserve Account Investment Proceeds retained per Section 4.12(b)		0.00			0.00			0.00			0.00
Reserve Account Deposit		0.00			0.00			0.00			0.00
Reserve Draw Amount		0.00			0.00			0.00			0.00
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Required Reserve Account Amount		0.00			0.00			0.00			0.00

LIBOR Determination Date		November 13, 2012			November 13, 2012			November 13, 2012
Coupon November 15, 2012—December 16, 2012		0.25800	%		0.38800	%		0.55800	%
Monthly Interest Due		100,906.67			9,484.44			16,120.00			126,511.11
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		100,906.67			9,484.44			16,120.00			126,511.11
Investor Default Amount		1,035,563.48			64,722.72			76,490.48			1,176,776.68
Investor Monthly Fees Due		733,333.33			45,833.33			54,166.67			833,333.33
Investor Additional Amounts Due		0.00			0.00			0.00			0.00
Total Due		1,869,803.48			120,040.49			146,777.15			2,136,621.12

Reallocated Investor Finance Charge Collections											8,061,731.00
Interest and Principal Funding Investment Proceeds											0.00
Interest on Reserve Account											0.00
Series Adjusted Portfolio Yield											17.3311	%
Base Rate											2.1896	%
Excess Spread Percentage											14.2203	%

C. Certificates—Balances and Distributions	Class A			Class B			Collateral Interest			Total
Beginning Certificates Balance		440,000,000.00			27,500,000.00			32,500,000.00			500,000,000.00
Distributions of Interest		100,906.67			9,484.44			16,120.00			126,511.11
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		100,906.67			9,484.44			16,120.00			126,511.11
Ending Certificates Balance		440,000,000.00			27,500,000.00			32,500,000.00			500,000,000.00

- 18 -


D.	Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.

	1.	The total amount of the distribution:	$	0.23

	2.	The amount of the distribution in respect of Class A Monthly Interest:	$	0.23

	3.	The amount of the distribution in respect of Class A Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class A Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class A Certificates:	$	0.00

E.	Class A Investor Charge - Offs and Reimbursement of Class A Investor Charge-Offs.

	1.	The total amount of Class A Investor Charge-Offs:	$	0.00

	2.	The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:	$	0.00

	3.	The total amount reimbursed in respect of Class A Investor Charge-Offs:	$	0.00

	4.	The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:	$	0.00

	5.	The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:	$	0.00

F.	Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.

	1.	The total amount of the distribution in respect of Class B Certificates:	$	0.34

	2.	The amount of the distribution in respect of Class B Monthly Interest:	$	0.34

	3.	The amount of the distribution in respect of Class B Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class B Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class B Certificates:	$	0.00

- 19 -


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:	$	5,941,229.89

	2.	The amount of the distribution in respect of Collateral Minimum Monthly Interest:	$	16,120.00

	3.	The amount of the distribution in respect of Collateral Additional Interest:	$	0.00

	4.	The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:	$	0.00

	5.	The amount of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:	$	5,925,109.89

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

- 20 -


J.	Application of Reallocated Investor Finance Charge Collections.

	1.	Class A Available Funds:	$	7,094,323.28

		a. Class A Monthly Interest:	$	100,906.67
		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):	$	1,035,563.48
		e. Excess Spread:	$	5,957,853.13

	2.	Class B Available Funds:	$	443,395.21

		a. Class B Monthly Interest:	$	9,484.44
		b. Class B Outstanding Monthly Interest:	$	0.00
		c. Class B Additional Interest:	$	0.00
		d. Excess Spread:	$	433,910.77

	3.	Collateral Available Funds:	$	524,012.52

		a. Excess Spread:	$	524,012.52

	4.	Total Excess Spread:	$	6,915,776.42

K.	Reallocated Principal Collections.

	1.	Principal Allocation Percentage:		59.5007	%

	2.	Series 2007-2 Allocable Principal Collections:	$	253,036,448.48

	3.	Principal Allocation Percentage of Series 2007-2 Allocable Principal Collections:	$	150,558,406.18

	4.	Reallocated Principal Collections Required to fund the Required Amount:	$	0.00

	5.	Item 3 minus Item 4:	$	150,558,406.18

	6.	Shared Principal Collections from other Series allocated to Series 2007-2:	$	0.00

	7.	Other amounts treated as Available Principal Collections:	$	1,176,776.68

	8.	Available Principal Collections (total of items 5, 6 & 7):	$	151,735,182.86

L.	Application of Available Principal Collections during Revolving Period.

	1.	Collateral Invested Amount:	$	32,500,000.00

	2.	Required Collateral Invested Amount:	$	32,500,000.00

	3.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	4.	Treated as Shared Principal Collections:	$	151,735,182.86

- 21 -


M.	Application of Principal Collections During Accumulation or Amortization Period.

	1.	Principal Funding Account:	$	0.00

	2.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	3.	Distribution of Principal:	$	0.00

	4.	Treated as Shared Principal Collections:	$	0.00

N.1.	Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2007-2.

	1.	Excess Spread:	$	6,915,776.42

	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:	$	64,722.72

	7.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	8.	Applied to Collateral Minimum Monthly Interest:	$	16,120.00

	9.	Applied to unpaid Monthly Servicing Fee:	$	833,333.33

	10.	Collateral Default Amount treated as Available Principal Collections:	$	76,490.48

	11.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	12.	Deposited to Reserve Account:	$	0.00

	13.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	5,925,109.89

N.2.	Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2007-2.

	1.	Excess Spread:	$	6,915,776.42

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Funds from Series 2009-D-II	$	0.00

	4.	Applied to fund Class A Required Amount:	$	0.00

	5.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	6.	Applied to fund overdue Class B Interest:	$	0.00

	7.	Applied to fund Class B Required Amount:	$	64,722.72

	8.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	9.	Applied to Collateral Minimum Monthly Interest:	$	16,120.00

	10.	Applied to unpaid Monthly Servicing Fee:	$	833,333.33

	11.	Collateral Default Amount treated as Available Principal Collections:	$	76,490.48

	12.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	13.	Deposited to Reserve Account:	$	0.00

	14.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	5,925,109.89

- 22 -


O.	Yield and Base Rate.

	1.	Base Rate:

		a. Current Monthly Period:	2.1896	%
		b. Prior Monthly Period:	2.2571	%
		c. Second Prior Monthly Period:	2.4741	%

	2.	Three Month Average Base Rate:	2.3069	%

	3.	Series Adjusted Portfolio Yield:

		a. Current Monthly Period:	17.3311	%
		b. Prior Monthly Period:	16.6681	%
		c. Second Prior Monthly Period:	17.4647	%

	4.	Three Month average Series Adjusted Portfolio Yield:	17.1546	%

	5.	Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?	Yes

- 23 -

Series 2008-2 Certificates


A. Investor/Transferor Allocations	Series Allocations			Total Investor Interest			Transferors’ Interest
Beginning Invested Amount/Transferor Amount		2,291,802,399.42			1,363,638,000.00			928,164,399.42
Beginning Adjusted Invested Amount		N/A			1,363,638,000.00			N/A
Floating Allocation Percentage		N/A			59.5007	%		40.4993	%
Principal Allocation Percentage		N/A			59.5007	%		40.4993	%
Collections of Finance Charge Receivables		38,471,660.50			22,890,899.40			15,580,761.10
Collections of Principal Receivables		690,100,233.07			410,614,327.77			279,485,905.30
Defaulted Amount		5,393,879.21			3,209,394.78			2,184,484.43
Ending Invested Amount / Transferor Amount		2,267,889,104.45			1,363,638,000.00			904,251,104.45

B. Monthly Period Funding Requirements	Class A			Class B			Collateral Interest			Total
Principal Funding Account Balance		0.00			0.00			0.00			0.00
Investment Proceeds for Monthly Period		0.00			0.00			0.00			0.00
Reserve Account Opening Balance		0.00			0.00			0.00			0.00
Reserve Account Investment Proceeds retained per Section 4.12(b)		0.00			0.00			0.00			0.00
Reserve Account Deposit		0.00			0.00			0.00			0.00
Reserve Draw Amount		0.00			0.00			0.00			0.00
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Required Reserve Account Amount		0.00			0.00			0.00			0.00

LIBOR Determination Date		November 13, 2012			November 13, 2012			November 13, 2012
Coupon November 15, 2012 - December 16, 2012		1.46800	%		3.95800	%		5.20800	%
Monthly Interest Due		1,565,866.67			263,870.18			410,330.22			2,240,067.07
Outstanding Monthly Interest Due		0.00			0.00			0.00			0.00
Additional Interest Due		0.00			0.00			0.00			0.00
Total Interest Due		1,565,866.67			263,870.18			410,330.22			2,240,067.07
Investor Default Amount		2,824,264.02			176,518.85			208,611.91			3,209,394.78
Investor Monthly Fees Due		2,000,000.00			125,001.67			147,728.33			2,272,730.00
Investor Additional Amounts Due		0.00			0.00			0.00			0.00
Total Due		6,390,130.69			565,390.70			766,670.46			7,722,191.85

Reallocated Investor Finance Charge Collections											23,881,601.83
Interest and Principal Funding Investment Proceeds											0.00
Interest on Reserve Account											0.00
Series Adjusted Portfolio Yield											19.0802	%
Base Rate											3.7748	%
Excess Spread Percentage											14.2203	%

C. Certificates—Balances and Distributions	Class A			Class B			Collateral Interest			Total
Beginning Certificates Balance		1,200,000,000.00			75,001,000.00			88,637,000.00			1,363,638,000.00
Distributions of Interest		1,565,866.67			263,870.18			410,330.22			2,240,067.07
Deposits to the Principal Funding Account		0.00			0.00			0.00			0.00
Distributions of Principal		0.00			0.00			0.00			0.00
Total Distributions		1,565,866.67			263,870.18			410,330.22			2,240,067.07
Ending Certificates Balance		1,200,000,000.00			75,001,000.00			88,637,000.00			1,363,638,000.00

- 24 -


D.	Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.

	1.	The total amount of the distribution:	$	1.30

	2.	The amount of the distribution in respect of Class A Monthly Interest:	$	1.30

	3.	The amount of the distribution in respect of Class A Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class A Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class A Certificates:	$	0.00

E.	Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.

	1.	The total amount of Class A Investor Charge-Offs:	$	0.00

	2.	The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:	$	0.00

	3.	The total amount reimbursed in respect of Class A Investor Charge-Offs:	$	0.00

	4.	The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:	$	0.00

	5.	The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:	$	0.00

F.	Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.

	1.	The total amount of the distribution in respect of Class B Certificates:	$	3.52

	2.	The amount of the distribution in respect of Class B Monthly Interest:	$	3.52

	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

- 25 -


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:	$	16,569,740.20

	2.	The amount of the distribution in respect of Collateral Minimum Monthly Interest:	$	410,330.22

	3.	The amount of the distribution in respect of Collateral Additional Interest:	$	0.00

	4.	The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:	$	0.00

	5.	The amount of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:	$	16,159,409.98

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

- 26 -


J.	Application of Reallocated Investor Finance Charge Collections.

	1.	Class A Available Funds:	$	21,015,784.39

		a. Class A Monthly Interest:	$	1,565,866.67
		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):	$	2,824,264.02
		e. Excess Spread:	$	16,625,653.70

	2.	Class B Available Funds:	$	1,313,504.04

		a. Class B Monthly Interest:	$	263,870.18
		b. Class B Outstanding Monthly Interest:	$	0.00
		c. Class B Additional Interest:	$	0.00
		d. Excess Spread:	$	1,049,633.86

	3.	Collateral Available Funds:	$	1,552,313.40

		a. Excess Spread:	$	1,552,313.40

	4.	Total Excess Spread:	$	19,227,600.96

K.	Reallocated Principal Collections.

	1.	Principal Allocation Percentage:		59.5007	%

	2.	Series 2008-2 Allocable Principal Collections:	$	690,100,233.07

	3.	Principal Allocation Percentage of Series 2008-2 Allocable Principal Collections:	$	410,614,327.77

	4.	Reallocated Principal Collections Required to fund the Required Amount:	$	0.00

	5.	Item 3 minus Item 4:	$	410,614,327.77

	6.	Shared Principal Collections from other Series allocated to Series 2008-2:	$	0.00

	7.	Other amounts treated as Available Principal Collections:	$	3,209,394.78

	8.	Available Principal Collections (total of items 5, 6 & 7):	$	413,823,722.55

L.	Application of Available Principal Collections during Revolving Period.

	1.	Collateral Invested Amount:	$	88,637,000.00

	2.	Required Collateral Invested Amount:	$	88,637,000.00

	3.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	4.	Treated as Shared Principal Collections:	$	413,823,722.55

- 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.1.	Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-2.

	1.	Excess Spread:	$	19,227,600.96

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Applied to fund Class A Required Amount:	$	0.00

	4.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	5.	Applied to fund overdue Class B Interest:	$	0.00

	6.	Applied to fund Class B Required Amount:	$	176,518.85

	7.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	8.	Applied to Collateral Minimum Monthly Interest:	$	410,330.22

	9.	Applied to unpaid Monthly Servicing Fee:	$	2,272,730.00

	10.	Collateral Default Amount treated as Available Principal Collections:	$	208,611.91

	11.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	12.	Deposited to Reserve Account:	$	0.00

	13.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	16,159,409.98

N.2.	Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-2.

	1.	Excess Spread:	$	19,227,600.96

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Funds from Series 2009-D-II	$	0.00

	4.	Applied to fund Class A Required Amount:	$	0.00

	5.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	6.	Applied to fund overdue Class B Interest:	$	0.00

	7.	Applied to fund Class B Required Amount:	$	176,518.85

	8.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	9.	Applied to Collateral Minimum Monthly Interest:	$	410,330.22

	10.	Applied to unpaid Monthly Servicing Fee:	$	2,272,730.00

	11.	Collateral Default Amount treated as Available Principal Collections:	$	208,611.91

	12.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	13.	Deposited to Reserve Account:	$	0.00

	14.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	16,159,409.98

- 28 -


O.	Yield and Base Rate.

	1.	Base Rate:

		a. Current Monthly Period:	3.7748	%
		b. Prior Monthly Period:	3.8422	%
		c. Second Prior Monthly Period:	4.0593	%

	2.	Three Month Average Base Rate:	3.8921	%

	3.	Series Adjusted Portfolio Yield:

		a. Current Monthly Period:	19.0802	%
		b. Prior Monthly Period:	18.2532	%
		c. Second Prior Monthly Period:	18.9441	%

	4.	Three Month average Series Adjusted Portfolio Yield:	18.7592	%

	5.	Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?	Yes

- 29 -

Series 2008-4 Certificates


A. Investor/Transferor Allocations	Series Allocations			Total Investor Interest			Transferors’ Interest
Beginning Invested Amount/Transferor Amount		1,021,763,121.55			607,956,000.00			413,807,121.55
Beginning Adjusted Invested Amount		N/A			607,956,000.00			N/A
Floating Allocation Percentage		N/A			59.5007	%		40.4993	%
Principal Allocation Percentage		N/A			59.5007	%		40.4993	%
Collections of Finance Charge Receivables		17,151,969.09			10,205,538.15			6,946,430.94
Collections of Principal Receivables		307,670,054.15			183,065,772.78			124,604,281.37
Defaulted Amount		2,404,774.01			1,430,856.88			973,917.13
Ending Invested Amount / Transferor Amount		1,011,101,764.83			607,956,000.00			403,145,764.83

B. Monthly Period Funding Requirements	Class A			Class B			Collateral Interest			Total
Principal Funding Account Balance		0.00			0.00			0.00			0.00
Investment Proceeds for Monthly Period		0.00			0.00			0.00			0.00
Reserve Account Opening Balance		0.00			0.00			0.00			0.00
Reserve Account Investment Proceeds retained per Section 4.12(b)		0.00			0.00			0.00			0.00
Reserve Account Deposit		0.00			0.00			0.00			0.00
Reserve Draw Amount		0.00			0.00			0.00			0.00
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Required Reserve Account Amount		0.00			0.00			0.00			0.00

LIBOR Determination Date		November 13, 2012			November 13, 2012			November 13, 2012
Coupon November 15, 2012—December 16, 2012		1.60800	%		0.90800	%		1.15800	%
Monthly Interest Due		764,693.33			26,988.18			40,677.19			832,358.70
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		764,693.33			26,988.18			40,677.19			832,358.70
Investor Default Amount		1,259,151.04			78,698.12			93,007.72			1,430,856.88
Investor Monthly Fees Due		891,666.67			55,730.00			65,863.33			1,013,260.00
Investor Additional Amounts Due		0.00			0.00			0.00			0.00
Total Due		2,915,511.04			161,416.30			199,548.24			3,276,475.58

Reallocated Investor Finance Charge Collections											10,480,887.79
Interest and Principal Funding Investment Proceeds											0.00
Interest on Reserve Account											0.00
Series Adjusted Portfolio Yield											18.7358	%
Base Rate											3.4627	%
Excess Spread Percentage											14.2203	%

C. Certificates—Balances and Distributions	Class A			Class B			Collateral Interest			Total
Beginning Certificates Balance		535,000,000.00			33,438,000.00			39,518,000.00			607,956,000.00
Distributions of Interest		764,693.33			26,988.18			40,677.19			832,358.70
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		764,693.33			26,988.18			40,677.19			832,358.70
Ending Certificates Balance		535,000,000.00			33,438,000.00			39,518,000.00			607,956,000.00

- 30 -


D.	Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.

	1.	The total amount of the distribution:	$	1.43

	2.	The amount of the distribution in respect of Class A Monthly Interest:	$	1.43

	3.	The amount of the distribution in respect of Class A Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class A Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class A Certificates:	$	0.00

E.	Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.

	1.	The total amount of Class A Investor Charge-Offs:	$	0.00

	2.	The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:	$	0.00

	3.	The total amount reimbursed in respect of Class A Investor Charge-Offs:	$	0.00

	4.	The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:	$	0.00

	5.	The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:	$	0.00

F.	Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.

	1.	The total amount of the distribution in respect of Class B Certificates:	$	0.81

	2.	The amount of the distribution in respect of Class B Monthly Interest:	$	0.81

	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

- 31 -


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:	$	7,245,089.40

	2.	The amount of the distribution in respect of Collateral Minimum Monthly Interest:	$	40,677.19

	3.	The amount of the distribution in respect of Collateral Additional Interest:	$	0.00

	4.	The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:	$	0.00

	5.	The amount of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:	$	7,204,412.21

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

- 32 -


J.	Application of Reallocated Investor Finance Charge Collections.

	1.	Class A Available Funds:	$	9,223,159.19

		a. Class A Monthly Interest:	$	764,693.33
		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):	$	1,259,151.04
		e. Excess Spread:	$	7,199,314.82

	2.	Class B Available Funds:	$	576,456.07

		a. Class B Monthly Interest:	$	26,988.18
		b. Class B Outstanding Monthly Interest:	$	0.00
		c. Class B Additional Interest:	$	0.00
		d. Excess Spread:	$	549,467.89

	3.	Collateral Available Funds:	$	681,272.53

		a. Excess Spread:	$	681,272.53

	4.	Total Excess Spread:	$	8,430,055.24

K.	Reallocated Principal Collections.

	1.	Principal Allocation Percentage:		59.5007	%

	2.	Series 2008-4 Allocable Principal Collections:	$	307,670,054.15

	3.	Principal Allocation Percentage of Series 2008-4 Allocable Principal Collections:	$	183,065,772.78

	4.	Reallocated Principal Collections Required to fund the Required Amount:	$	0.00

	5.	Item 3 minus Item 4:	$	183,065,772.78

	6.	Shared Principal Collections from other Series allocated to Series 2008-4:	$	0.00

	7.	Other amounts treated as Available Principal Collections:	$	1,430,856.88

	8.	Available Principal Collections (total of items 5, 6 & 7):	$	184,496,629.66

L.	Application of Available Principal Collections during Revolving Period.

	1.	Collateral Invested Amount:	$	39,518,000.00

	2.	Required Collateral Invested Amount:	$	39,518,000.00

	3.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	4.	Treated as Shared Principal Collections:	$	184,496,629.66

- 33 -


M.	Application of Principal Collections During Accumulation or Amortization Period.

	1.	Principal Funding Account:	$	0.00

	2.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	3.	Distribution of Principal:	$	0.00

	4.	Treated as Shared Principal Collections:	$	0.00

N.1.	Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-4.

	1.	Excess Spread:	$	8,430,055.24

	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:	$	78,698.12

	7.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	8.	Applied to Collateral Minimum Monthly Interest:	$	40,677.19

	9.	Applied to unpaid Monthly Servicing Fee:	$	1,013,260.00

	10.	Collateral Default Amount treated as Available Principal Collections:	$	93,007.72

	11.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	12.	Deposited to Reserve Account:	$	0.00

	13.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	7,204,412.21

N.2.	Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-4.

	1.	Excess Spread:	$	8,430,055.24

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Funds from Series 2009-D-II	$	0.00

	4.	Applied to fund Class A Required Amount:	$	0.00

	5.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	6.	Applied to fund overdue Class B Interest:	$	0.00

	7.	Applied to fund Class B Required Amount:	$	78,698.12

	8.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	9.	Applied to Collateral Minimum Monthly Interest:	$	40,677.19

	10.	Applied to unpaid Monthly Servicing Fee:	$	1,013,260.00

	11.	Collateral Default Amount treated as Available Principal Collections:	$	93,007.72

	12.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	13.	Deposited to Reserve Account:	$	0.00

	14.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	7,204,412.21

- 34 -


O.	Yield and Base Rate.

	1.	Base Rate:

		a. Current Monthly Period:	3.4627	%
		b. Prior Monthly Period:	3.5301	%
		c. Second Prior Monthly Period:	3.7472	%

	2.	Three Month Average Base Rate:	3.5800	%

	3.	Series Adjusted Portfolio Yield:

		a. Current Monthly Period:	18.7358	%
		b. Prior Monthly Period:	17.9411	%
		c. Second Prior Monthly Period:	18.6528	%

	4.	Three Month average Series Adjusted Portfolio Yield:	18.4433	%

	5.	Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?	Yes

- 35 -


Series 2008-5 Certificates

A. Investor/Transferor Allocations	Series Allocations			Total Investor Interest			Transferors’ Interest
Beginning Invested Amount/Transferor Amount		1,527,866,585.63			909,091,000.00			618,775,585.63
Beginning Adjusted Invested Amount		N/A			909,091,000.00			N/A
Floating Allocation Percentage		N/A			59.5007	%		40.4993	%
Principal Allocation Percentage		N/A			59.5007	%		40.4993	%
Collections of Finance Charge Receivables		25,647,745.45			15,260,582.81			10,387,162.64
Collections of Principal Receivables		460,066,315.97			273,742,584.06			186,323,731.91
Defaulted Amount		3,595,915.52			2,139,594.17			1,456,321.35
Ending Invested Amount / Transferor Amount		1,511,924,406.52			909,091,000.00			602,833,406.52

B. Monthly Period Funding Requirements	Class A			Class B			Collateral Interest			Total
Principal Funding Account Balance		0.00			0.00			0.00			0.00
Investment Proceeds for Monthly Period		0.00			0.00			0.00			0.00
Reserve Account Opening Balance		0.00			0.00			0.00			0.00
Reserve Account Investment Proceeds retained per Section 4.12(b)		0.00			0.00			0.00			0.00
Reserve Account Deposit		0.00			0.00			0.00			0.00
Reserve Draw Amount		0.00			0.00			0.00			0.00
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Required Reserve Account Amount		0.00			0.00			0.00			0.00

LIBOR Determination Date		November 13, 2012			November 13, 2012			November 13, 2012
Coupon November 15, 2012—December 16, 2012		1.00800	%		1.30800	%		4.00800	%
Monthly Interest Due		716,800.00			58,133.33			210,521.54			985,454.87
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		716,800.00			58,133.33			210,521.54			985,454.87
Investor Default Amount		1,882,842.68			117,677.67			139,073.82			2,139,594.17
Investor Monthly Fees Due		1,333,333.33			83,333.33			98,485.00			1,515,151.66
Investor Additional Amounts Due		0.00			0.00			0.00			0.00
Total Due		3,932,976.01			259,144.33			448,080.36			4,640,200.70

Reallocated Investor Finance Charge Collections											15,413,128.84
Interest and Principal Funding Investment Proceeds											0.00
Interest on Reserve Account											0.00
Series Adjusted Portfolio Yield											18.3770	%
Base Rate											3.1375	%
Excess Spread Percentage											14.2203	%

C. Certificates—Balances and Distributions	Class A			Class B			Collateral Interest			Total
Beginning Certificates Balance		800,000,000.00			50,000,000.00			59,091,000.00			909,091,000.00
Distributions of Interest		716,800.00			58,133.33			210,521.54			985,454.87
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		716,800.00			58,133.33			210,521.54			985,454.87
Ending Certificates Balance		800,000,000.00			50,000,000.00			59,091,000.00			909,091,000.00

- 36 -



D.	Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.

	1.	The total amount of the distribution:	$	0.90

	2.	The amount of the distribution in respect of Class A Monthly Interest:	$	0.90

	3.	The amount of the distribution in respect of Class A Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class A Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class A Certificates:	$	0.00

E.	Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.

	1.	The total amount of Class A Investor Charge-Offs:	$	0.00

	2.	The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:	$	0.00

	3.	The total amount reimbursed in respect of Class A Investor Charge-Offs:	$	0.00

	4.	The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:	$	0.00

	5.	The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:	$	0.00

F.	Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.

	1.	The total amount of the distribution in respect of Class B Certificates:	$	1.16

	2.	The amount of the distribution in respect of Class B Monthly Interest:	$	1.16

	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

- 37 -


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:	$	10,983,449.68

	2.	The amount of the distribution in respect of Collateral Minimum Monthly Interest:	$	210,521.54

	3.	The amount of the distribution in respect of Collateral Additional Interest:	$	0.00

	4.	The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:	$	0.00

	5.	The amount of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:	$	10,772,928.14

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

- 38 -



J.	Application of Reallocated Investor Finance Charge Collections.

	1.	Class A Available Funds:	$	13,563,552.02

		a. Class A Monthly Interest:	$	716,800.00
		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):	$	1,882,842.68
		e. Excess Spread:	$	10,963,909.34

	2.	Class B Available Funds:	$	847,722.00

		a. Class B Monthly Interest:	$	58,133.33
		b. Class B Outstanding Monthly Interest:	$	0.00
		c. Class B Additional Interest:	$	0.00
		d. Excess Spread:	$	789,588.67

	3.	Collateral Available Funds:	$	1,001,854.82

		a. Excess Spread:	$	1,001,854.82

	4.	Total Excess Spread:	$	12,755,352.83

K.	Reallocated Principal Collections.

	1.	Principal Allocation Percentage:		59.5007	%

	2.	Series 2008-5 Allocable Principal Collections:	$	460,066,315.97

	3.	Principal Allocation Percentage of Series 2008-5 Allocable Principal Collections:	$	273,742,584.06

	4.	Reallocated Principal Collections Required to fund the Required Amount:	$	0.00

	5.	Item 3 minus Item 4:	$	273,742,584.06

	6.	Shared Principal Collections from other Series allocated to Series 2008-5:	$	0.00

	7.	Other amounts treated as Available Principal Collections:	$	2,139,594.17

	8.	Available Principal Collections (total of items 5, 6 & 7):	$	275,882,178.23

L.	Application of Available Principal Collections during Revolving Period.

	1.	Collateral Invested Amount:	$	59,091,000.00

	2.	Required Collateral Invested Amount:	$	59,091,000.00

	3.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	4.	Treated as Shared Principal Collections:	$	275,882,178.23

- 39 -



M.	Application of Principal Collections During Accumulation or Amortization Period.

	1.	Principal Funding Account:	$	0.00

	2.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	3.	Distribution of Principal:	$	0.00

	4.	Treated as Shared Principal Collections:	$	0.00

N.1.	Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2008-5.

	1.	Excess Spread:	$	12,755,352.83

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Applied to fund Class A Required Amount:	$	0.00

	4.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	5.	Applied to fund overdue Class B Interest:	$	0.00

	6.	Applied to fund Class B Required Amount:	$	117,677.67

	7.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	8.	Applied to Collateral Minimum Monthly Interest:	$	210,521.54

	9.	Applied to unpaid Monthly Servicing Fee:	$	1,515,151.66

	10.	Collateral Default Amount treated as Available Principal Collections:	$	139,073.82

	11.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	12.	Deposited to Reserve Account:	$	0.00

	13.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	10,772,928.14

N.2.	Application of Excess Spread, Excess Finance Charge Collections and Funds from Series 2009-D-II Allocated to Series 2008-5.

	1.	Excess Spread:	$	12,755,352.83

	2.	Excess Finance Charge Collections:	$	0.00

	3.	Funds from Series 2009-D-II	$	0.00

	4.	Applied to fund Class A Required Amount:	$	0.00

	5.	Class A Investor Charge-Offs treated as Available Principal Collections:	$	0.00

	6.	Applied to fund overdue Class B Interest:	$	0.00

	7.	Applied to fund Class B Required Amount:	$	117,677.67

	8.	Reduction of Class B Invested Amount treated as Available Principal Collections:	$	0.00

	9.	Applied to Collateral Minimum Monthly Interest:	$	210,521.54

	10.	Applied to unpaid Monthly Servicing Fee:	$	1,515,151.66

	11.	Collateral Default Amount treated as Available Principal Collections:	$	139,073.82

	12.	Reduction of Collateral Invested Amount treated as Available Principal Collections:	$	0.00

	13.	Deposited to Reserve Account:	$	0.00

	14.	Remaining Excess Spread distributed to Collateral Interest Holder(s):	$	10,772,928.14

- 40 -


O.	Yield and Base Rate.

	1.	Base Rate:

		a. Current Monthly Period:	3.1375	%
		b. Prior Monthly Period:	3.2049	%
		c. Second Prior Monthly Period:	3.4220	%

	2.	Three Month Average Base Rate:	3.2548	%

	3.	Series Adjusted Portfolio Yield:

		a. Current Monthly Period:	18.3770	%
		b. Prior Monthly Period:	17.6159	%
		c. Second Prior Monthly Period:	18.3493	%

	4.	Three Month average Series Adjusted Portfolio Yield:	18.1141	%

	5.	Is the 3 month average Series Adjusted Portfolio Yield more than the 3 month average Base Rate?	Yes

- 41 -


Series 2008-6 Certificates

A. Investor/Transferor Allocations	Series Allocations			Total Investor Interest			Transferors’ Interest
Beginning Invested Amount/Transferor Amount		2,578,274,758.21			1,534,091,000.00			1,044,183,758.21
Beginning Adjusted Invested Amount		N/A			1,534,091,000.00			N/A
Floating Allocation Percentage		N/A			59.5007	%		40.4993	%
Principal Allocation Percentage		N/A			59.5007	%		40.4993	%
Collections of Finance Charge Receivables		43,280,568.69			25,752,232.45			17,528,336.24
Collections of Principal Receivables		776,361,876.58			461,940,591.79			314,421,284.79
Defaulted Amount		6,068,107.19			3,610,565.01			2,457,542.18
Ending Invested Amount / Transferor Amount		2,551,372,332.05			1,534,091,000.00			1,017,281,332.05

B. Monthly Period Funding Requirements	Class A			Class B			Collateral Interest			Total
Principal Funding Account Balance		0.00			0.00			0.00			0.00
Investment Proceeds for Monthly Period		0.00			0.00			0.00			0.00
Reserve Account Opening Balance		0.00			0.00			0.00			0.00
Reserve Account Investment Proceeds retained per Section 4.12(b)		0.00			0.00			0.00			0.00
Reserve Account Deposit		0.00			0.00			0.00			0.00
Reserve Draw Amount		0.00			0.00			0.00			0.00
Reserve Account Surplus (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Reserve Account Closing Balance (after giving effect to any principal distributions on the related Distribution Date)		0.00			0.00			0.00			0.00
Required Reserve Account Amount		0.00			0.00			0.00			0.00

LIBOR Determination Date		November 13, 2012			November 13, 2012			November 13, 2012
Coupon November 15, 2012—December 16, 2012		1.40800	%		3.20800	%		4.70800	%
Monthly Interest Due		1,689,600.00			240,600.00			417,300.38			2,347,500.38
Outstanding Monthly Interest Due		0.00			0.00			0.00			0.00
Additional Interest Due		0.00			0.00			0.00			0.00
Total Interest Due		1,689,600.00			240,600.00			417,300.38			2,347,500.38
Investor Default Amount		3,177,297.02			198,581.06			234,686.93			3,610,565.01
Investor Monthly Fees Due		2,250,000.00			140,625.00			166,193.33			2,556,818.33
Investor Additional Amounts Due		0.00			0.00			0.00			0.00
Total Due		7,116,897.02			579,806.06			818,180.64			8,514,883.72

Reallocated Investor Finance Charge Collections											26,694,199.21
Interest and Principal Funding Investment Proceeds											0.00
Interest on Reserve Account											0.00
Series Adjusted Portfolio Yield											18.9386	%
Base Rate											3.6465	%
Excess Spread Percentage											14.2203	%

C. Certificates—Balances and Distributions	Class A			Class B			Collateral Interest			Total
Beginning Certificates Balance		1,350,000,000.00			84,375,000.00			99,716,000.00			1,534,091,000.00
Distributions of Interest		1,689,600.00			240,600.00			417,300.38			2,347,500.38
Deposits to the Principal Funding Account		0.00			0.00			0.00			0.00
Distributions of Principal		0.00			0.00			0.00			0.00
Total Distributions		1,689,600.00			240,600.00			417,300.38			2,347,500.38
Ending Certificates Balance		1,350,000,000.00			84,375,000.00			99,716,000.00			1,534,091,000.00

- 42 -


D.	Information regarding distributions on the Distribution Date in respect of the Class A Certificates per $1,000 original certificate principal amount.

	1.	The total amount of the distribution:	$	1.25

	2.	The amount of the distribution in respect of Class A Monthly Interest:	$	1.25

	3.	The amount of the distribution in respect of Class A Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class A Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class A Certificates:	$	0.00

E.	Class A Investor Charge-Offs and Reimbursement of Class A Investor Charge-Offs.

	1.	The total amount of Class A Investor Charge-Offs:	$	0.00

	2.	The amount of Class A Investor Charge- Offs per $1,000 original certificate principal amount:	$	0.00

	3.	The total amount reimbursed in respect of Class A Investor Charge-Offs:	$	0.00

	4.	The amount reimbursed in respect of Class A Investor Charge-Offs per $1,000 original certificate principal amount:	$	0.00

	5.	The amount, if any, by which the outstanding principal balance of the Class A Certificates exceeds the Class A Invested Amount after giving effect to all transactions on such Distribution Date:	$	0.00

F.	Information regarding distributions in respect of the Class B Certificates, per $1,000 original certificate principal amount.

	1.	The total amount of the distribution in respect of Class B Certificates:	$	2.85

	2.	The amount of the distribution in respect of Class B Monthly Interest:	$	2.85

	3.	The amount of the distribution in respect of Class B Outstanding Monthly Interest:	$	0.00

	4.	The amount of the distribution in respect of Class B Additional Interest:	$	0.00

	5.	The amount of the distribution in respect of principal of the Class B Certificates:	$	0.00

- 43 -



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:	$	18,596,615.87

	2.	The amount of the distribution in respect of Collateral Minimum Monthly Interest:	$	417,300.38

	3.	The amount of the distribution in respect of Collateral Additional Interest:	$	0.00

	4.	The amount distributed to the Collateral Interest Holder in respect of principal on the Collateral Invested Amount:	$	0.00

	5.	The amount of the distribution to the Collateral Interest Holder in respect of remaining Excess Spread:	$	18,179,315.49

I.	Amount of reductions in Collateral Invested Amount pursuant to clauses (c), (d), and (e) of the definition of Collateral Invested Amount.

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

	2.	The total amount reimbursed in respect of such reductions in the Collateral Invested Amount:	$	0.00

- 44 -


J.	Application of Reallocated Investor Finance Charge Collections.

	1.	Class A Available Funds:	$	23,490,893.91

		a. Class A Monthly Interest:	$	1,689,600.00
		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):	$	3,177,297.02
		e. Excess Spread:	$	18,623,996.89

	2.	Class B Available Funds:	$	1,468,180.87

		a. Class B Monthly Interest:	$	240,600.00
		b. Class B Outstanding Monthly Interest:	$	0.00
		c. Class B Additional Interest:	$	0.00
		d. Excess Spread:	$	1,227,580.87

	3.	Collateral Available Funds:	$	1,735,124.43

		a. Excess Spread:	$	1,735,124.43

	4.	Total Excess Spread:	$	21,586,702.19

K.	Reallocated Principal Collections.

	1.	Principal Allocation Percentage:		59.5007	%

	2.	Series 2008-6 Allocable Principal Collections:	$	776,361,876.58

	3.	Principal Allocation Percentage of Series 2008-6 Allocable Principal Collections:	$	461,940,591.79

	4.	Reallocated Principal Collections Required to fund the Required Amount:	$	0.00

	5.	Item 3 minus Item 4:	$	461,940,591.79

	6.	Shared Principal Collections from other Series allocated to Series 2008-6:	$	0.00

	7.	Other amounts treated as Available Principal Collections:	$	3,610,565.01

	8.	Available Principal Collections (total of items 5, 6 & 7):	$	465,551,156.80

L.	Application of Available Principal Collections during Revolving Period.

	1.	Collateral Invested Amount:	$	99,716,000.00

	2.	Required Collateral Invested Amount:	$	99,716,000.00

	3.	Excess of Collateral Invested Amount over Required Collateral Invested Amount:	$	0.00

	4.	Treated as Shared Principal Collections:	$

AMERICAN EXPRESS RECEIVABLES FINANCING CORP II 10-D