<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-C DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
C
<TABLE>
<CAPTION>
====================================================================================================================================
Original Beginning Current Ending
Certificate Certificate Certificate Realized Total Certificate
Class Cusip Rate Balance Balance Interest Principal Loss Distribution Balance
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AF-1 60935BEL9 6.88875% 401,250,000.00 259,243,000.00 1,537,824.08 6,600,000.00 0.00 8,137,824.08 252,643,000.00
Factors per
Thousand 3.83258336 16.44859813 20.28118150 629.63987539
------------------------------------------------------------------------------------------------------------------------------------
AF-2 60935BEM7 6.72000% 133,750,000.00 86,409,000.00 500,020.08 2,200,000.00 0.00 2,700,020.08 84,209,000.00
Factors per
Thousand 3.73846789 16.44859813 20.18706602 629.60000000
------------------------------------------------------------------------------------------------------------------------------------
POOL I 535,000,000.00 345,652,000.00 2,037,844.16 8,800,000.00 0.00 10,837,844.16 336,852,000.00
Totals 3.80905450 16.44859813 20.25765263 629.62990654
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
A-V 60935BEN5 6.87875% 360,000,000.00 200,658,000.00 1,188,571.19 11,689,138.93 0.00 12,877,710.12 188,968,861.07
Factors per
Thousand 3.30158663 32.46983036 35.77141699 524.91
------------------------------------------------------------------------------------------------------------------------------------
POOL II 360,000,000.00 200,658,000.00 1,188,571.19 11,689,138.93 0.00 12,877,710.12 188,968,861.07
Totals 3.30158663 32.46983036 35.77141699 524.91350297
------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Totals 895,000,000.00 546,310,000.00 3,226,415.34 20,489,138.93 0.00 23,715,554.27 525,820,861.07
====================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
401 South Tryon Street, 12th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
<PAGE> 2
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-C DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
C
================================================================================
Certificate Information
POOL I
Interest Carry Forward Monthly Advance
Requirement Amount for Bankruptcy
AF-1 1,537,824.08 0.00 0.00
AF-2 500,020.08 0.00 0.00
POOL II
AV 1,188,571.19 0.00 0.00
================================================================================
FIRST UNION NATIONAL BANK
Structured Finance Trust Services
401 South Tryon Street, 12th Floor
Charlotte, North Carolina 28288-1179
<PAGE> 3
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-C DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
C
<TABLE>
<S> <C> <C>
===================================================================================================================================
POOL I
SCHEDULE OF REMITTANCE
Aggregate Amount Received 11,117,328.64 FEES
Contingency Fee 69,966.21
Monthly Advance 81,701.99 Expense Account 3,240.49
(Unreimbursed Monthly Advance) 0.00 Insurance Fee 31,685.00
(Servicer Fee) (69,966.21) Servicer Fee 69,966.21
(Contingency Fee) (69,966.21)
(Late Charges) (124,961.83)
(Escrow) (187,845.70)
(Excess Spread) (784,196.77)
----------------
(1,155,234.74) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
5/31/00 6/30/00 7/31/00
------- ------- -------
AVAILABLE REMITTANCE AMOUNT 9,962,093.90 10.449% 10.438% 10.426%
================
---------------------------------------------------------------------------------
EXHIBIT L DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
---------------------------------------------------------------------------------
Delinquent 1-29 Days 636 30,607,458.67 9.09%
--------------------------------------------- Delinquent 30-59 Days 114 5,832,738.98 1.73%
Outstanding Balance $ 336,870,813.60 Delinquent 60-89 Days 44 2,402,386.21 0.71%
--------------------------------------------- Delinquent 90 and over 102 5,437,460.41 1.61%
# Accounts 6,652 Loans in Foreclosure 205 13,938,444.19 4.14%
--------------------------------------------- REO Property 61 3,753,775.19 1.11%
-----------------------------------------------------------
TOTALS 1162 $61,972,263.65 18.40%
---------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
401 South Tryon Street, 12th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
<PAGE> 4
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-C DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
C
<TABLE>
<S> <C> <C> <C>
====================================================================================================================================
POOL I
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 9.797% Certificate Remittance Amount from Pool I 2,107,132.18
Aggregate Beginning Principal Balance of Loans 345,670,467.70 WAC 10.418%
Aggregate Ending Principal Balance of Loans 336,870,813.60 WAM 266.35
Compensating Interest 1,701.66
Curtailments 939,449.99
Excess and Monthly Payments 502,326.37 SPREAD ACCOUNT INFORMATION
--------------------------
Interest Received 2,915,196.85 Spread Account Beginning Balance 29,162,256.32
Monthly Excess Spread Percentage 100% Interest Earnings 155,966.83
Payments And Reimbursements to the Servicers
Pursuant to: Adjustments (104.83)
Section 4.01(b) 0.00 Deposits to Spread Account 0.00
Section 4.04(c) 0.00 Withdrawals from Spread Account for Insured Payment (126,585.30)
Section 4.04(d)(ii) 0.00 Total Withdrawals from Spread Account (2,233,717.48)
Section 4.01(e) 0.00 Ending Spread Account Balance 27,084,400.84
Section 4.01(f) 139,932.42 Aggregate Interest Earnings 1,903,018.97
Principal Prepayments (Number/Amount) 131 6,412,340.72 Ending Spread Account Balance less Interest Earnings 25,181,381.87
Realized Losses/Cumulative 945,537.09 8,201,640.21 Specified Spread Account Requirement 20,062,500.00
====================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
401 South Tryon Street, 12th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
<PAGE> 5
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-C DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
C
<TABLE>
<S> <C> <C> <C>
====================================================================================================================================
POOL II
SCHEDULE OF REMITTANCE FEES
Aggregate Amount Received 13,339,534.99 Contingency Fee 40,507.77
Expense Account 2,466.42
Monthly Advance 46,127.22 Insurance Fee 18,394.00
(Unreimbursed Monthly Advance) 0.00 Servicer Fee 40,507.77
(Servicer Fee) (40,507.77)
(Contingency Fee) (40,507.77)
(Late Charges) (89,913.68)
(Escrow) (224,700.99)
(Excess Spread) (463,130.57) PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES
----------------
(812,633.56) 5/31/00 6/30/00 7/31/00
------- ------- -------
10.072% 10.179% 10.262%
AVAILABLE REMITTANCE AMOUNT 12,526,901.43
================
-----------------------------------------------------------------------------
EXHIBIT L DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
-----------------------------------------------------------------------------
Delinquent 1-29 Days 228 18,353,578.44 9.71%
------------------------------------------------- Delinquent 30-59 Days 63 4,459,511.60 2.36%
Outstanding Balance $ 188,978,189.30 Delinquent 60-89 Days 22 1,893,911.08 1.00%
------------------------------------------------- Delinquent 90 and over 60 5,664,561.16 3.00%
# Accounts 2,405 Loans in Foreclosure 155 12,261,342.25 6.49%
------------------------------------------------- REO Property 51 3,893,401.18 2.06%
----------------------------------------------------
TOTALS 579 $46,526,305.71 24.62%
-----------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
401 South Tryon Street, 12th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
<PAGE> 6
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-C DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
C
<TABLE>
<S> <C> <C> <C>
====================================================================================================================================
POOL II
COLLATERAL INFORMATION
Adjusted Mortgage Interest Rate 9.877% Certificate Remittance Amount from Pool II 0.00
Aggregate Beginning Principal Balance of Loans 200,667,328.20 WAC 10.502%
Aggregate Ending Principal Balance of Loans 188,978,189.30 WAM 334.75
Compensating Interest 48.68
Curtailments 584,482.71
Excess and Monthly Payment 104,857.77
Interest Received 1,707,450.50 SPREAD ACCOUNT INFORMATION
Monthly Excess Spread Percentage 100% Spread Account Beginning Balance 16,664,838.42
Payments And Reimbursements to the
Servicers Pursuant to: Interest Earnings 89,237.04
Section 4.01(b) 0.00 Adjustments (59.98)
Section 4.04(c) 0.00 Deposits to Spread Account 91,461.46
Section 4.04(d)(ii) 0.00 Withdrawals from Spread Account 0.00
Section 4.01(e) 0.00 Ending Spread Account Balance 16,845,476.94
Section 4.01(f) 81,015.54 Aggregate Interest Earnings 1,084,358.81
Principal Prepayments (Number/Amount) 109 10,583,779.01 Ending Spread Account Balance less Interest Earnings 15,761,118.13
Realized Losses/Cumulative 416,019.44 4,355,690.37 Specified Spread Account Requirement 20,880,000.00
====================================================================================================================================
</TABLE>
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
401 South Tryon Street, 12th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
<PAGE> 7
THE MONEY STORE ASSET BACKED CERTIFICATES RECORD DATE: 08/31/00
SERIES 1998-C DETERMINATION DATE: 09/12/00
STATEMENT TO CERTIFICATEHOLDER DISTRIBUTION DATE: 09/15/00
C
================================================================================
AGGREGATES AND OTHER TRUST INFORMATION
Other Trust Information
Libor 6.619%
Aggregate Spread Account Beginning Balance 45,827,094.74
Interest Earnings 245,203.87
Adjustments (164.81)
Deposits to Spread Account 91,461.46
Withdrawals from Spread Account (2,233,717.48)
Aggregate Ending Spread Account Balance 43,929,877.78
Aggregate Interest Earnings 2,987,377.78
Aggregate Ending Spread Account Balance less Interest Earnings 40,942,500.00
Aggregate Specified Spread Account Requirement 40,942,500.00
================================================================================
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH
Structured Finance Trust Services VICE PRESIDENT
401 South Tryon Street, 12th Floor PHONE: 704-383-9568
Charlotte, North Carolina 28288-1179 FAX: 704-383-6039
