Encore Credit Recivables Trust   Asset-Backed Pass-Through Certificates, Series
2005-4
Distribution Date:    12/27/2005
Record Date:          11/30/2005

Distribution Summary

DISTRIBUTION IN
DOLLARS

                                            Prior         Pass-                                                                                     Current
                      Original              Principal     Through       Interest    Principal     Total          Deferred               Realized    Principal
Class                 Balance               Balance       Rate          Distributed Distributed   Distributed    Interest               Loss        Balance
(1)                   (2)                   (3)           (4)           (5)         (6)           (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

IA                    388,000,000.00        386,374,567.794.438750%     1,524,462.325,676,287.97  7,200,750.29   0.00                   0.00        380,698,279.82

IIA1                  206,524,000.00        205,060,766.144.293750%     782,648.59  8,836,988.24  9,619,636.83   0.00                   0.00        196,223,777.90

IIA2                  45,851,000.00         45,851,000.00 4.363750%     177,850.93  0.00          177,850.93     0.00                   0.00        45,851,000.00

IIA3                  107,985,000.00        107,985,000.004.433750%     425,580.88  0.00          425,580.88     0.00                   0.00        107,985,000.00

IIA4                  27,640,000.00         27,640,000.00 4.533750%     111,389.20  0.00          111,389.20     0.00                   0.00        27,640,000.00

M1                    38,500,000.00         38,500,000.00 4.613750%     157,892.78  0.00          157,892.78     0.00                   0.00        38,500,000.00

M2                    35,500,000.00         35,500,000.00 4.633750%     146,220.56  0.00          146,220.56     0.00                   0.00        35,500,000.00

M3                    24,000,000.00         24,000,000.00 4.663750%     99,493.33   0.00          99,493.33      0.00                   0.00        24,000,000.00

M4                    17,500,000.00         17,500,000.00 4.793750%     74,569.44   0.00          74,569.44      0.00                   0.00        17,500,000.00

M5                    17,000,000.00         17,000,000.00 4.843750%     73,194.44   0.00          73,194.44      0.00                   0.00        17,000,000.00

M6                    15,000,000.00         15,000,000.00 4.893750%     65,250.00   0.00          65,250.00      0.00                   0.00        15,000,000.00

M7                    15,500,000.00         15,500,000.00 5.383750%     74,176.11   0.00          74,176.11      0.00                   0.00        15,500,000.00

M8                    11,500,000.00         11,500,000.00 5.743750%     58,713.89   0.00          58,713.89      0.00                   0.00        11,500,000.00

M9                    10,000,000.00         10,000,000.00 6.243750%     55,500.00   0.00          55,500.00      0.00                   0.00        10,000,000.00

M10                   5,500,000.00          5,500,000.00  6.693750%     32,725.00   0.00          32,725.00      0.00                   0.00        5,500,000.00

M11                   10,000,000.00         10,000,000.00 6.693750%     59,500.00   0.00          59,500.00      0.00                   0.00        10,000,000.00

M12                   16,000,000.00         16,000,000.00 6.693750%     95,200.00   0.00          95,200.00      0.00                   0.00        16,000,000.00

CE                    8,001,964.42          8,000,000.00  6.822368%     45,482.45   0.00          45,482.45      0.00                   0.00        8,000,000.00

CC                    0.00                  0.00          0.000000%     0.00        0.00          0.00           0.00                   0.00        0.00

P                     100.00                100.00        0.000000%     194,647.89  0.00          194,647.89     0.00                   0.00        100.00

R                     0.00                  0.00          0.000000%     0.00        0.00          0.00           0.00                   0.00        0.00

Totals                1,000,002,064.42      996,911,433.93              4,254,497.8114,513,276.21 18,767,774.02  0.00                   0.00        958,398,057.72

Notional Classes

CIO1                  992,000,000.00        988,911,333.931.961229%     1,607,896.980.00          1,607,896.98   0.00                   0.00        974,398,057.72

CIO2                  0.00                  0.00          0.000000%     0.00        0.00          0.00           0.00                   0.00        0.00

CIO3                  0.00                  0.00          0.000000%     0.00        0.00          0.00           0.00                   0.00        0.00

Totals                992,000,000.00        988,911,333.93              1,607,896.980.00          1,607,896.98   0.00                   0.00        0.00

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

                                            Prior                                                                                       Current
                                            Principal     Interest      Principal   Total         Deferred       Realized               Principal
                                                          Distributed
Class                 CUSIP                 Balance       (5/2 x 1000)  Distributed Distributed   Interest       Loss                   Balance
                                            (3/2 x 1000)                (6/2 x 1000)(7/2 x 1000)  (8/2 x 1000)   (9/2 x 1000)           (10/2 x
                                                                                                                                        1000)

IA                    29256PBJ2             995.810742    3.929027      14.629608   18.558635     0.000000       0.000000               981.181134

IIA1                  29256PAS3             992.914945    3.789625      42.789159   46.578784     0.000000       0.000000               950.125786

IIA2                  29256PAT1             1,000.000000  3.878889      0.000000    3.878889      0.000000       0.000000               1,000.000000

IIA3                  29256PAU8             1,000.000000  3.941111      0.000000    3.941111      0.000000       0.000000               1,000.000000

IIA4                  29256PAV6             1,000.000000  4.030000      0.000000    4.030000      0.000000       0.000000               1,000.000000

M1                    29256PAW4             1,000.000000  4.101111      0.000000    4.101111      0.000000       0.000000               1,000.000000

M2                    29256PAX2             1,000.000000  4.118889      0.000000    4.118889      0.000000       0.000000               1,000.000000

M3                    29256PAY0             1,000.000000  4.145555      0.000000    4.145555      0.000000       0.000000               1,000.000000

M4                    29256PAZ7             1,000.000000  4.261111      0.000000    4.261111      0.000000       0.000000               1,000.000000

M5                    29256PBA1             1,000.000000  4.305555      0.000000    4.305555      0.000000       0.000000               1,000.000000

M6                    29256PBB9             1,000.000000  4.350000      0.000000    4.350000      0.000000       0.000000               1,000.000000

M7                    29256PBC7             1,000.000000  4.785555      0.000000    4.785555      0.000000       0.000000               1,000.000000

M8                    29256PBD5             1,000.000000  5.105556      0.000000    5.105556      0.000000       0.000000               1,000.000000

M9                    29256PBE3             1,000.000000  5.550000      0.000000    5.550000      0.000000       0.000000               1,000.000000

M10                   29256PBF0             1,000.000000  5.950000      0.000000    5.950000      0.000000       0.000000               1,000.000000

M11                   29256PBG8             1,000.000000  5.950000      0.000000    5.950000      0.000000       0.000000               1,000.000000

M12                   29256PBH6             1,000.000000  5.950000      0.000000    5.950000      0.000000       0.000000               1,000.000000

CE                    29256PBK9             999.754508    5.683911      0.000000    5.683911      0.000000       0.000000               999.754508

CC                    29256PBP8             0.000000      0.000000      0.000000    0.000000      0.000000       0.000000               0.000000

P                     29256PBQ6             1,000.000000  ##############0.000000    ##############0.000000       0.000000               1,000.000000

CIO1                  29256PBL7             996.886425    1.620864      0.000000    1.620864      0.000000       0.000000               982.256107

CIO2                  29256PBM5             0.000000      0.000000      0.000000    0.000000      0.000000       0.000000               0.000000

CIO3                  29256PBN3             0.000000      0.000000      0.000000    0.000000      0.000000       0.000000               0.000000

Interest Distribution
Detail

DISTRIBUTION IN
DOLLARS

                      Prior                 Pass-         Optimal       Prior       Non-Recov                                                       Current
                      Principal             Through       Accrued       Unpaid      Interest      Interest       Deferred               Interest    Unpaid
                                                                                                                                        Distributed
Class                 Balance               Rate          Interest      Interest    Shortfall     Due            Interest               (9)         Interest
(1)                   (2)                   (3)           (4)           (5)         (6)           (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

IA                    386,374,567.79        4.438750%     1,524,462.32  0.00        0.00          1,524,462.32   0.00                   1,524,462.320.00

IIA1                  205,060,766.14        4.293750%     782,648.59    0.00        0.00          782,648.59     0.00                   782,648.59  0.00

IIA2                  45,851,000.00         4.363750%     177,850.93    0.00        0.00          177,850.93     0.00                   177,850.93  0.00

IIA3                  107,985,000.00        4.433750%     425,580.88    0.00        0.00          425,580.88     0.00                   425,580.88  0.00

IIA4                  27,640,000.00         4.533750%     111,389.20    0.00        0.00          111,389.20     0.00                   111,389.20  0.00

M1                    38,500,000.00         4.613750%     157,892.78    0.00        0.00          157,892.78     0.00                   157,892.78  0.00

M2                    35,500,000.00         4.633750%     146,220.56    0.00        0.00          146,220.56     0.00                   146,220.56  0.00

M3                    24,000,000.00         4.663750%     99,493.33     0.00        0.00          99,493.33      0.00                   99,493.33   0.00

M4                    17,500,000.00         4.793750%     74,569.44     0.00        0.00          74,569.44      0.00                   74,569.44   0.00

M5                    17,000,000.00         4.843750%     73,194.44     0.00        0.00          73,194.44      0.00                   73,194.44   0.00

M6                    15,000,000.00         4.893750%     65,250.00     0.00        0.00          65,250.00      0.00                   65,250.00   0.00

M7                    15,500,000.00         5.383750%     74,176.11     0.00        0.00          74,176.11      0.00                   74,176.11   0.00

M8                    11,500,000.00         5.743750%     58,713.89     0.00        0.00          58,713.89      0.00                   58,713.89   0.00

M9                    10,000,000.00         6.243750%     55,500.00     0.00        0.00          55,500.00      0.00                   55,500.00   0.00

M10                   5,500,000.00          6.693750%     32,725.00     0.00        0.00          32,725.00      0.00                   32,725.00   0.00

M11                   10,000,000.00         6.693750%     59,500.00     0.00        0.00          59,500.00      0.00                   59,500.00   0.00

M12                   16,000,000.00         6.693750%     95,200.00     0.00        0.00          95,200.00      0.00                   95,200.00   0.00

CE                    8,000,000.00          6.822368%     45,482.45     0.00        0.00          45,482.45      0.00                   45,482.45   0.00

CC                    0.00                  0.000000%     0.00          0.00        0.00          0.00           0.00                   0.00        0.00

P                     100.00                0.000000%     194,647.89    0.00        0.00          194,647.89     0.00                   194,647.89  0.00

R                     0.00                  0.000000%     0.00          0.00        0.00          0.00           0.00                   0.00        0.00

  Totals              996,911,433.93                      4,254,497.81  0.00        0.00          4,254,497.81   0.00                   4,254,497.810.00

Notional Classes

CIO1                  988,911,333.93        1.961229%     1,616,234.83  0.00        0.00          1,616,234.83   0.00                   1,607,896.988,337.85

CIO2                  0.00                  0.000000%     0.00          0.00        0.00          0.00           0.00                   0.00        0.00

CIO3                  0.00                  0.000000%     0.00          0.00        0.00          0.00           0.00                   0.00        0.00

  Totals              988,911,333.93                      1,616,234.83  0.00        0.00          1,616,234.83   0.00                   1,607,896.988,337.85

Principal Distribution
Detail

DISTRIBUTION IN
DOLLARS

                                            Prior                                   Current       Current        Current                Cumulative
                      Original              Principal     Principal     Accreted    Realized      Principal      Principal              Realized
Class                 Balance               Balance       Distribution  Principal   Losses        Recoveries     Balance                Losses
(1)                   (2)                   (3)           (4)           (5)         (6)           (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

IA                    388,000,000.00        386,374,567.795,676,287.97  0.00        0.00          0.00           380,698,279.82         0.00

IIA1                  206,524,000.00        205,060,766.148,836,988.24  0.00        0.00          0.00           196,223,777.90         0.00

IIA2                  45,851,000.00         45,851,000.00 0.00          0.00        0.00          0.00           45,851,000.00          0.00

IIA3                  107,985,000.00        107,985,000.000.00          0.00        0.00          0.00           107,985,000.00         0.00

IIA4                  27,640,000.00         27,640,000.00 0.00          0.00        0.00          0.00           27,640,000.00          0.00

M1                    38,500,000.00         38,500,000.00 0.00          0.00        0.00          0.00           38,500,000.00          0.00

M2                    35,500,000.00         35,500,000.00 0.00          0.00        0.00          0.00           35,500,000.00          0.00

M3                    24,000,000.00         24,000,000.00 0.00          0.00        0.00          0.00           24,000,000.00          0.00

M4                    17,500,000.00         17,500,000.00 0.00          0.00        0.00          0.00           17,500,000.00          0.00

M5                    17,000,000.00         17,000,000.00 0.00          0.00        0.00          0.00           17,000,000.00          0.00

M6                    15,000,000.00         15,000,000.00 0.00          0.00        0.00          0.00           15,000,000.00          0.00

M7                    15,500,000.00         15,500,000.00 0.00          0.00        0.00          0.00           15,500,000.00          0.00

M8                    11,500,000.00         11,500,000.00 0.00          0.00        0.00          0.00           11,500,000.00          0.00

M9                    10,000,000.00         10,000,000.00 0.00          0.00        0.00          0.00           10,000,000.00          0.00

M10                   5,500,000.00          5,500,000.00  0.00          0.00        0.00          0.00           5,500,000.00           0.00

M11                   10,000,000.00         10,000,000.00 0.00          0.00        0.00          0.00           10,000,000.00          0.00

M12                   16,000,000.00         16,000,000.00 0.00          0.00        0.00          0.00           16,000,000.00          0.00

CE                    8,001,964.42          8,000,000.00  0.00          0.00        0.00          0.00           8,000,000.00           0.00

CC                    0.00                  0.00          0.00          0.00        0.00          0.00           0.00                   0.00

P                     100.00                100.00        0.00          0.00        0.00          0.00           100.00                 0.00

R                     0.00                  0.00          0.00          0.00        0.00          0.00           0.00                   0.00

  Totals              992,000,000.00        996,911,433.9314,513,276.21 4,014,367.4714,513,276.21 0.00           982,398,157.72         0.00

Collateral Summary -
Group 1

ASSET CHARACTERISTICS

                      Cut-Off               Prior         Current

Aggregate Stated
Principal Balance     500,001,641.02        498,375,175.02492,698,887.05

Loan Count            2,593                 2,587         2,561

Weighted Average
Coupon Rate (WAC)     7.355370%             7.353979%     N/A

Net Weighted Average
Coupon Rate (Net WAC) 6.823870%             6.822479%     N/A

Weighted Average
Maturity (WAM in      356                   356           355
months)

AVAILABLE PRINCIPAL   AVAILABLE INTEREST

Scheduled Interest    3,054,200.74
Curtailments          22,974.95
Add:                  Cap Contract Amount   0.00
Yield Maintenance
Amount                0.00
Less:                 Servicing Fee         207,656.68
Master Servicing Fee  5,399.02
LPA Fee               6,230.01
Trustee Fee           1,453.80
Uncompensated PPIS    0.00
Relief Act Interest
Shortfall             0.00
Other Amounts         0.00
Realized Losses and
Recoveries from Prior 0.00
Periods
TOTAL AVAILABLE
INTEREST              2,833,461.23

Collateral Summary -
Group 2

ASSET CHARACTERISTICS

                      Cut-Off               Prior         Current

Aggregate Stated
Principal Balance     500,000,423.40        498,536,258.91489,699,270.67

Loan Count            2,046                 2,042         2,012

Weighted Average
Coupon Rate (WAC)     7.355297%             7.353759%     N/A

Net Weighted Average
Coupon Rate (Net WAC) 6.823797%             6.822259%     N/A

Weighted Average
Maturity (WAM in      357                   357           356
months)

AVAILABLE PRINCIPAL   AVAILABLE INTEREST

Scheduled Interest    3,055,096.35
Curtailments          14,586.44
Add:                  Cap Contract Amount   0.00
Yield Maintenance
Amount                0.00
Less:                 Servicing Fee         207,723.61
Master Servicing Fee  5,400.93
LPA Fee               6,232.12
Trustee Fee           1,454.03
Uncompensated PPIS    0.00
Relief Act Interest
Shortfall             0.00
Other Amounts         0.00
Realized Losses and
Recoveries from Prior 0.00
Periods
TOTAL AVAILABLE
INTEREST              2,834,285.66

Delinquency
Information

 GROUP 1

Less Than
30 Days               30-59 Days            60-89 Days    90+ Days      Totals

Delinquency

Scheduled Principal
Balance               2,233,613.61          753,640.70    0.00          2,987,254.31
Percentage of Total
Pool Balance          0.4533%               0.1530%       0.0000%       0.6063%
Number of Loans       11                    3             0             14

Percentage of Total
Loans                 0.4295%               0.1171%       0.0000%       0.5467%
Bankruptcy

Scheduled Principal
Balance               615,400.30            0.00          0.00          0.00        615,400.30
Percentage of Total
Pool Balance          0.1249%               0.0000%       0.0000%       0.0000%     0.1249%

Number of Loans       4                     0             0             0           4
Percentage of Total
Loans                 0.1562%               0.0000%       0.0000%       0.0000%     0.1562%

Foreclosure

Scheduled Principal
Balance                                     0.00          0.00          0.00        0.00
Percentage of Total Pool Balance            0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                             0             0             0           0
Percentage of Total
Loans                                       0.0000%       0.0000%       0.0000%     0.0000%

REO

Scheduled Principal
Balance                                     0.00          0.00          0.00        0.00
Percentage of Total Pool Balance            0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                             0             0             0           0
Percentage of Total
Loans                                       0.0000%       0.0000%       0.0000%     0.0000%

Total

Scheduled Principal
Balance               615,400.30            2,233,613.61  753,640.70    0.00        3,602,654.61
Percentage of Total
Pool Balance          0.1249%               0.4533%       0.1530%       0.0000%     0.7312%

Number of Loans       4                     11            3             0           18
Percentage of Total
Loans                 0.1562%               0.4295%       0.1171%       0.0000%     0.7029%

Principal and Interest
Advances              19,190.52

Delinquency
Information

 GROUP 2

Less Than
30 Days               30-59 Days            60-89 Days    90+ Days      Totals

Delinquency

Scheduled Principal
Balance               1,691,323.27          0.00          0.00          1,691,323.27
Percentage of Total
Pool Balance          0.3454%               0.0000%       0.0000%       0.3454%
Number of Loans       8                     0             0             8

Percentage of Total
Loans                 0.3976%               0.0000%       0.0000%       0.3976%
Bankruptcy

Scheduled Principal
Balance               918,381.77            0.00          0.00          0.00        918,381.77
Percentage of Total
Pool Balance          0.1875%               0.0000%       0.0000%       0.0000%     0.1875%

Number of Loans       3                     0             0             0           3
Percentage of Total
Loans                 0.1491%               0.0000%       0.0000%       0.0000%     0.1491%

Foreclosure

Scheduled Principal
Balance                                     0.00          249,810.16    0.00        249,810.16
Percentage of Total Pool Balance            0.0000%       0.0510%       0.0000%     0.0510%

Number of Loans                             0             2             0           2
Percentage of Total
Loans                                       0.0000%       0.0994%       0.0000%     0.0994%

REO

Scheduled Principal
Balance                                     0.00          0.00          0.00        0.00
Percentage of Total Pool Balance            0.0000%       0.0000%       0.0000%     0.0000%

Number of Loans                             0             0             0           0
Percentage of Total
Loans                                       0.0000%       0.0000%       0.0000%     0.0000%

Total

Scheduled Principal
Balance               918,381.77            1,691,323.27  249,810.16    0.00        2,859,515.20
Percentage of Total
Pool Balance          0.1875%               0.3454%       0.0510%       0.0000%     0.5839%

Number of Loans       3                     8             2             0           13
Percentage of Total
Loans                 0.1491%               0.3976%       0.0994%       0.0000%     0.6461%

Principal and Interest
Advances              12,744.68

Credit Enhancement

SUBORDINATION LEVELS

                      Original              Prior         Current

Aggregate Certificate
Principal Balance     992,000,000.00        988,911,333.93974,398,057.72

Senior Principal
Balance               817,500,000.00        814,411,333.93799,898,057.72
Senior Percentage     82.409274%            82.354333%    82.091508%
Senior Credit Support 17.590726%            17.645667%    17.908492%

Class M1 Principal
Balance               38,500,000.00         38,500,000.00 38,500,000.00
Class M1 Percentage   3.881048%             3.893170%     3.951157%
Class M1 Credit
Support               13.709677%            13.752497%    13.957335%

Class M2 Principal
Balance               35,500,000.00         35,500,000.00 35,500,000.00
Class M2 Percentage   3.578629%             3.589806%     3.643275%
Class M2 Credit
Support               10.131048%            10.162691%    10.314060%

Class M3 Principal
Balance               24,000,000.00         24,000,000.00 24,000,000.00
Class M3 Percentage   2.419355%             2.426911%     2.463059%
Class M3 Credit
Support               7.711694%             7.735779%     7.851001%

Class M4 Principal
Balance               17,500,000.00         17,500,000.00 17,500,000.00
Class M4 Percentage   1.764113%             1.769623%     1.795981%
Class M4 Credit
Support               5.947581%             5.966157%     6.055020%

Class M5 Principal
Balance               17,000,000.00         17,000,000.00 17,000,000.00
Class M5 Percentage   1.713710%             1.719062%     1.744667%
Class M5 Credit
Support               4.233871%             4.247095%     4.310353%

Class M6 Principal
Balance               15,000,000.00         15,000,000.00 15,000,000.00
Class M6 Percentage   1.512097%             1.516820%     1.539412%
Class M6 Credit
Support               2.721774%             2.730275%     2.770941%

Class M7 Principal
Balance               15,500,000.00         15,500,000.00 15,500,000.00
Class M7 Percentage   1.562500%             1.567380%     1.590726%
Class M7 Credit
Support               1.159274%             1.162895%     1.180216%

Class M8 Principal
Balance               11,500,000.00         11,500,000.00 11,500,000.00
Class M8 Percentage   1.159274%             1.162895%     1.180216%
Class M8 Credit
Support               0.000000%             0.000000%     0.000000%
Credit Enhancement

GROUP 1

Required Overcollateralization Amount       8,000,000.00  0.8143%
Prior Overcollateralization Amount          8,000,000.00  0.8025%
Overcollateralization
Decrease due to       0.00
Realized Losses

Overcollateralization
Deficiency Amount     0.00

Excess Spread
Available for
Overcollateralization 1,661,717.28
Increase
Overcollateralization
Increase Amount       0.00

Excess Overcollateralization Amount         0.00

Principal Available for
Overcollateralization Reduction             14,513,276.21

Overcollateralization
Reduction Amount      0.0000%

Other Information

Interest Rate Cap
Contract
          Beginning
Notional Amount       0.00
          Ending
Notional Amount       0.00
          Amount Paid 0.00
          Next Amount
to be Paid            0.00

Yield Maintenance Agreement Amount
          Beginning
Notional Amount       976,025,434.00
          Ending
Notional Amount       965,023,127.00
          Amount Paid 0.00
          Next Amount
to be Paid            0.00

Deal Performance
Information
          SubServicer
Termination Trigger   No

Bankruptcy Losses
          Subgroup 1 -
current period        0.00
          Subgroup 2 -
current period        0.00
          Subgroup 1 -
aggregate amount      0.00
          Subgroup 2 -
aggregate amount      0.00

Prepayment Premium Payment Amounts
          Subgroup 1 -
current period        85,213.04
          Subgroup 2 -
current period        109,434.85
          Servicer
Prepayment Premium    0.00
Amounts

Expenses

Extraordinary Trust   0.00
Fund Expenses

Rate Reset Information
          Current
Libor                 4.193750%
          Next Libor  4.378750%
          Weighted
Average Pass-Through  4.532112%
Rate

Net WAC Reserve Fund Information
          Beginning
Balance               1,000.00
          Deposits    0.00
          Withdrawals 0.00
          Ending
Balance               1,000.00

Next Pass-Through Rate Information
          1-A Next
Pass-Through Rate     4.623750%
          2-A-1 Next
Pass-Through Rate     4.478750%
          2-A-2 Next
Pass-Through Rate     4.548750%
          2-A-3 Next
Pass-Through Rate     4.618750%
          2-A-4 Next
Pass-Through Rate     4.718750%
          M-1 Next
Pass-Through Rate     4.798750%
          M-2 Next
Pass-Through Rate     4.818750%
          M-3 Next
Pass-Through Rate     4.848750%
          M-4 Next
Pass-Through Rate     4.978750%
          M-5 Next
Pass-Through Rate     5.028750%
          M-6 Next
Pass-Through Rate     5.078750%
          M-7 Next
Pass-Through Rate     5.568750%
          M-8 Next
Pass-Through Rate     5.928750%
          M-9 Next
Pass-Through Rate     6.428750%
          M-10 Next
Pass-Through Rate     6.878750%
          M-11 Next
Pass-Through Rate     6.878750%
          M-12 Next
Pass-Through Rate     6.878750%

WATERFALL DISTRIBUTION DETAIL

Subgroup 1 Interest
Remittance Funds      2,833,461.23
          Class 1-A
Monthly Interest      -1,524,462.32
Distributable Amount

Remaining Subgroup 1
Interest Remittance   1,308,998.91
Funds

Subgroup 2 Interest
Remittance Funds      2,834,285.66
          Class 2-A-1,
2-A-2, 2-A-3, 2-A-4
Monthly Interest      -1,497,469.60
Distributable Amount

Remaining Subgroup 2
Interest Remittance   1,336,816.06
Funds

Remaining Subgroup 1 &
2 Interest Remittance 2,645,814.97
Funds
          Class M-1
Monthly Interest      -157,892.78
Distributable Amount
          Class M-2
Monthly Interest      -146,220.56
Distributable Amount
          Class M-3
Monthly Interest      -99,493.33
Distributable Amount
          Class M-4
Monthly Interest      -74,569.44
Distributable Amount
          Class M-5
Monthly Interest      -73,194.44
Distributable Amount
          Class M-6
Monthly Interest      -65,250.00
Distributable Amount
          Class M-7
Monthly Interest      -74,176.11
Distributable Amount
          Class M-8
Monthly Interest      -58,713.89
Distributable Amount
          Class M-9
Monthly Interest      -55,500.00
Distributable Amount
          Class M-10
Monthly Interest      -32,725.00
Distributable Amount
          Class M-11
Monthly Interest      -59,500.00
Distributable Amount
          Class M-12
Monthly Interest      -95,200.00
Distributable Amount

Remaining Subgroup 1 &
2 Interest Remittance
Funds to be           1,653,379.43
distributed as Net
Monthly Excess
Cashflow

Subgroup 1 Principal
Distribution Funds    5,676,287.97
          Class 1-A,
the Subgroup 1
Principal Distribution-5,676,287.97
Amount

Remaining Subgroup 1
Principal Distribution0.00
Funds

Subgroup 2 Principal
Distribution Funds    8,836,988.24
          Class 2-A-1,
the Subgroup 2
Principal Distribution-8,836,988.24
Amount
          Class 2-A-2,
the Subgroup 2
Principal Distribution0.00
Amount
          Class 2-A-3,
the Subgroup 2
Principal Distribution0.00
Amount
          Class 2-A-4,
the Subgroup 2
Principal Distribution0.00
Amount

Remaining Subgroup 2
Principal Distribution0.00
Funds

WATERFALL DISTRIBUTION DETAIL (Continued)

Remaining Subgroup 1 &
2 Principal           0.00
Distribution Funds
          Class M-1
Principal Distribution0.00
Amount
          Class M-2
Principal Distribution0.00
Amount
          Class M-3
Principal Distribution0.00
Amount
          Class M-4
Principal Distribution0.00
Amount
          Class M-5
Principal Distribution0.00
Amount
          Class M-6
Principal Distribution0.00
Amount
          Class M-7
Principal Distribution0.00
Amount
          Class M-8
Principal Distribution0.00
Amount
          Class M-9
Principal Distribution0.00
Amount
          Class M-10
Principal Distribution0.00
Amount
          Class M-11
Principal Distribution0.00
Amount
          Class M-12
Principal Distribution0.00
Amount

Remaining Subgroup 1 &
2 Principal
Distribution Funds to 0.00
be distributed as Net
Monthly Excess
Cashflow

Net Monthly Excess
Cashflow              1,653,379.43
          Class 1-A
Extra Principal
Payment Amount to     0.00
increase
Overcollateralization
          Class 2-A
Extra Principal
Payment Amount to     0.00
increase
Overcollateralization
          Class C-E
Monthly Interest
Distributable Amount
and any Unpaid        -45,482.45
Interest Shortfall
Amount
          Class C-E,
principal, up to the
amount of any         0.00
Overcollateralization
Release Amount
          Class C-IO-1
Monthly Interest
Distributable Amount
and any Unpaid        -1,607,896.98
Interest Shortfall
Amount
          Class C-IO-2
Monthly Interest
Distributable Amount
and any Unpaid        0.00
Interest Shortfall
Amount
          Class C-IO-3
Monthly Interest
Distributable Amount
and any Unpaid        0.00
Interest Shortfall
Amount

Remaining to the
Holders of the        0.00
Residual Certificates

Subgroup 1 Prepayment
Premiums              85,213.04
Subgroup 2 Prepayment
Premiums              109,434.85
          Class P
Prepayment Premiums
and Servicer          -194,647.89
Prepayment Premium
Payment Amounts
          Distribution
of Class P outstanding
Certificate Principal 0.00
Balance

CONTACT INFORMATION   CONTENTS

Distribution Summary  2
Seller / Servicer     Encore Credit
                      Corporation
Distribution Summary
(Factors)             2

Irvine, CA  92606
Interest Distribution 2
Depositor             Asset Backed
                      Securities Corporation
Eleven Madison Avenue, 4th Floor
Principal Distribution2
New York, NY  10010

Collateral Summary    1
1833 Alton Parkway

Delinquency
Information           2

Loan Performance
Advisor               MortgageRamp, Inc.
Credit Enhancement    2

Atlanta, GA  30328
Other Information     2
Master Servicer       CitiMortgage, Inc.
4000 Regent Blvd., 3rd
Floor

Irving, TX  75063

Securities
Administrator         Citibank, N.A.
388 Greenwich Street, 14th Floor

New York, NY  10013

Deal Contact:         Kristen Driscoll      Citibank, N.A.
kristen.driscoll@citigroup.com              Agency and
                                            Trust
                                            388 Greenwich
Tel: (212) 816-5681                         Street, 14th
                                            Floor
Fax: (212) 816-5527                         New York, NY
                                            10013

Page 1 of 1            Reports Available at (c) Copyright
                      www.sf.citidirect.com 2005 Citigroup

Encore Credit Receivables Trust 2005-4 8-K