SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) January 1, 1998
TMS Auto Holdings, Inc. (as Seller) under a Sale and Servicing
Agreement dated as of November 30, 1997 in connection with the
issuance of The Money Store Auto Trust Asset Backed Securities.
TMS Auto Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware 333-14075 22-3405381
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) ID Number)
1625 West North Market Blvd., Sacramento, California 95834
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (916) 928-4400
N/A
(Former name or former address, if changed since last report)
Item 5. Other Event
TMS Auto Holdings, Inc. (the "Seller") registered issuances of up to
$1,100,000,000 principal amount of The Money Store Auto Trust Asset Backed
Securities on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933, as amended (the "Act"), by a Registration Statement on
Form S-3 (Registration File No. 333-14075)(as amended, the "Registration
Statement"). Pursuant to the Registration Statement, the Seller caused The Money
Store Auto Trust 1997-4 (the "Trust") to issue $17,500,000 aggregate principal
amount of its Class A-1 5.90875% Asset Backed Notes (the "Class A-1 Notes"),
$44,500,000 aggregate principal amount of its Class A-2 6.35% Asset Backed
Notes (the "Class A-2 Notes") and $28,000,000 aggregate principal amount of its
Class A-3 6.46% Asset Backed Notes (the "Class A-3 Notes" and, together with the
Class A-1 Notes and the Class A-2 Notes, the "Notes") on December 30, 1997,
(the "Closing Date").
This Current Report on Form 8-K is being filed to file a detailed
description of the Initial Receivables of the Trust.
Certain Characteristics
Set forth below is a description of certain characteristics of the Initial
Receivables.
<PAGE>
<PAGE>
THE MONEY STORE AUTO
TRUST 1997-4
COMBINED LOAN POOL
<TABLE>
<CAPTION>
Weighted Average Aggregate Number of Weighted Weighted Average
APR of Principal Receivables Average Average Principal
Receivables Balance Remaining Original Balance
Term Term
<S> <C> <C> <C> <C> <C>
18.92% $68,514,248.92 5,864 56.75 57.76 $11,683.88
REMAINING BALANCE Number of Aggregate Percentage
Receivables Principal of Total
Balance Aggregate Principal
Balance
<S> <C> <C> <C>
$0.00 - $2,499.99 12 $ 24,203.85 0.04%
$2,500.00 - $4,999.99 182 744,785.75 1.09%
$5,000.00 - $7,499.99 680 4,364,374.25 6.37%
$7,500.00 - $9,999.99 1,305 11,546,487.14 16.85%
$10,000.00 -$12,499.99 1,474 16,517,941.13 24.11%
$12,500.00 -$14,999.99 1,100 15,038,862.62 21.95%
$15,000.00 -$17,499.99 570 9,165,048.86 13.38%
$17,500.00 -$19,999.99 316 5,903,797.14 8.62%
$20,000.00 -$22,499.99 113 2,380,763.45 3.47%
$22,500.00 -$24,999.99 68 1,610,381.18 2.35%
$25,000.00 -$27,499.99 26 678,413.92 0.99%
$27,500.00 -$29,999.99 11 312,544.41 0.46%
$30,000.00 -$32,499.99 4 122,726.05 0.18%
$32,500.00 -$34,999.99 2 67,894.40 0.10%
$35,000.00 -$37,499.99 1 36,024.77 0.05%
-----------------------------------------------------------
5,864 $68,514,248.92 100.00%
ANNUAL INTEREST RATE Number of Aggregate Percentage
Receivables Principal of Total
Balance Aggregate
Principal
Balance
<S> <C> <C> <C>
12.000% - 12.999% 1 $30,056.10 0.04%
13.000% - 13.999% 5 89,417.36 0.13%
14.000% - 14.999% 85 1,429,616.94 2.09%
15.000% - 15.999% 158 2,396,881.72 3.50%
16.000% - 16.999% 538 7,817,811.87 11.41%
17.000% - 17.999% 779 10,566,921.96 15.42%
18.000% - 18.999% 1,265 15,596,622.33 22.76%
19.000% - 19.999% 909 10,417,295.01 15.20%
20.000% - 20.999% 865 9,193,741.29 13.42%
21.000% - 21.999% 637 5,843,702.74 8.53%
22.000% - 22.999% 285 2,505,820.30 3.66%
23.000% - 23.999% 151 1,228,708.07 1.79%
24.000% - 24.999% 94 714,454.32 1.04%
25.000% - 25.999% 47 362,641.97 0.53%
26.000% - 26.999% 29 205,116.72 0.30%
27.000% - 27.999% 5 41,918.15 0.06%
28.000% - 28.999% 7 51,998.52 0.08%
29.000% - 29.999% 4 21,523.55 0.03%
------------------------------------------------------------
5,864 $68,514,248.92 100.00%
</TABLE>
<TABLE>
<CAPTION>
PRECOMPUTED OR Number of Aggregate Percentage
SIMPLE Receivables Principal of Total
Balance Aggregate
Principal
Balance
Precomputed 1,646 $18,421,460.42 26.89%
Simple 4,218 50,092,788.50 73.11%
------------------------------------------------------------
5,864 $68,514,248.92 100.00%
STATE Number of Aggregate Percentage
Receivables Principal of Total
Balance Aggregate
Principal
Balance
<S> <C> <C> <C>
Alabama 9 $118,650.64 0.17%
Arizona 118 1,398,076.66 2.04%
California 835 9,653,470.70 14.09%
Colorado 147 1,645,148.53 2.40%
Connecticut 121 1,354,169.38 1.98%
Delaware 16 175,080.85 0.26%
Florida 309 3,530,288.18 5.15%
Georgia 301 3,989,268.07 5.82%
Iowa 20 213,330.94 0.31%
Idaho 16 185,586.30 0.27%
Illinois 454 5,342,638.43 7.80%
Indiana 239 2,405,018.95 3.51%
Kansas 16 204,004.49 0.30%
Kentucky 108 1,188,868.73 1.74%
Massachusetts 71 661,593.76 0.97%
Maryland 80 944,357.48 1.38%
Maine 4 31,516.35 0.05%
Michigan 171 2,115,981.53 3.09%
Minnesota 109 1,184,617.52 1.73%
Missouri 69 810,971.75 1.18%
Mississippi 108 1,350,387.54 1.97%
Montana 6 52,462.55 0.08%
North Carolina 157 2,165,275.09 3.16%
North Dakota 8 98,399.49 0.14%
Nebraska 1 3,712.00 0.00%
New Hampshire 26 219,523.48 0.32%
New Jersey 324 3,534,112.21 5.16%
New Mexico 34 339,355.79 0.50%
Nevada 121 1,430,104.94 2.09%
Ohio 226 2,398,046.00 3.50%
Oklahoma 111 1,300,642.11 1.90%
Oregon 82 825,829.26 1.21%
Pennsylvania 144 1,709,962.98 2.50%
Rhode Island 30 296,949.23 0.43%
South Carolina 164 1,823,029.47 2.66%
South Dakota 11 109,392.73 0.16%
Tennessee 105 1,411,482.33 2.06%
Texas 514 6,670,672.15 9.74%
Utah 143 1,692,155.21 2.47%
Virginia 134 1,592,200.18 2.32%
Vermont 7 53,566.92 0.08%
Washington 153 1,837,328.21 2.68%
Wisconsin 29 295,489.95 0.43%
Wyoming 13 151,529.86 0.22%
-----------------------------------------------------------
5,864 $68,514,248.92 100.00%
</TABLE>
<TABLE>
<CAPTION>
REMAINING TERM Number of Aggregate Percentage of
Receivables Principal Total
Balance Aggregate
Principal
Balance
<S> <C> <C> <C>
7 Months to 12 Months 1 $2,134.48 0.00%
13 Months to 18 Months 5 16,509.33 0.02%
19 Months to 24 Months 65 263,055.83 0.38%
25 Months to 30 Months 65 346,529.51 0.51%
31 Months to 36 Months 398 2,596,240.67 3.79%
37 Months to 42 Months 369 2,984,065.28 4.36%
43 Months to 48 Months 822 7,695,586.79 11.23%
49 Months to 54 Months 848 9,320,755.58 13.60%
55 Months to 60 Months 2,455 31,690,687.87 46.25%
61 Months to 66 Months 564 8,256,773.83 12.05%
67 Months to 72 Months 248 4,858,414.53 7.09%
73 Months to 78 Months 24 483,495.22 0.71%
------------------------------------------------------------
5,864 $68,514,248.92 100.00%
LOAN TYPE Number of Aggregate Percentage of
Receivables Principal Total Aggregate
Balance Principal
Balance
<S> <C> <C> <C>
NEW 659 $10,727,066.74 15.66%
USED 5,205 57,787,182.18 84.34%
------------------------------------------------------------
5,864 $68,514,248.92 100.00%
ORIGINAL TERM Number of Aggregate Percentage of
Receivables Principal Total Aggregate
Balance Principal
Balance
<S> <C> <C> <C>
7 Months to 12 Months 1 $2,134.48 0.00%
13 Months to 18 Months 3 7,131.87 0.01%
19 Months to 24 Months 65 263,055.83 0.38%
25 Months to 30 Months 64 340,481.32 0.50%
31 Months to 36 Months 114 744,652.49 1.09%
37 Months to 42 Months 377 2,636,366.58 3.85%
43 Months to 48 Months 530 4,626,367.06 6.75%
49 Months to 54 Months 870 8,565,315.88 12.50%
55 Months to 60 Months 1,428 17,589,448.00 25.67%
61 Months to 66 Months 1,950 25,293,526.08 36.92%
67 Months to 72 Months 321 5,617,921.17 8.20%
73 Months to 78 Months 141 2,827,848.16 4.13%
--------------------------------------------------------
5,864 $68,514,248.92 100.00%
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TMS AUTO HOLDINGS, INC.
By: /s/ Michael H. Benoff
----------------------
Name: Michael H. Benoff
Title: Executive Vice President
Dated: January 14, 1998
