<PAGE> 1
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
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Original Beginning Current Ending
Certificate Certificate Certificate Realized Total Certificate
Class Cusip Rate Balance Balance Interest Principal Loss Distribution Balance
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AF-1 60935BEL9 6.89125% 401,250,000.00 252,643,000.00 1,499,216.90 5,229,000.00 0.00 6,728,216.90 247,414,000.00
Factors per Thousand 3.73636610 13.03177570 16.76814180 616.60809969
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AF-2 60935BEM7 6.72000% 133,750,000.00 84,209,000.00 487,289.41 1,743,000.00 0.00 2,230,289.41 82,466,000.00
Factors per Thousand 3.64328533 13.03177570 16.67506103 616.56822430
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POOL I 535,000,000.00 336,852,000.00 1,986,506.31 6,972,000.00 0.00 8,958,506.31 329,880,000.00
Totals 3.71309591 13.03177570 16.74487161 616.59813084
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A-V 60935BEN5 6.88125% 360,000,000.00 188,968,861.07 1,119,738.92 9,348,101.66 0.00 10,467,840.58 179,620,759.41
Factors per Thousand 3.11038590 25.96694906 29.07733495 498.94655392
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POOL II 360,000,000.00 188,968,861.07 1,119,738.92 9,348,101.66 0.00 10,467,840.58 179,620,759.41
Totals 3.11038590 25.96694906 29.07733495 498.94655392
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TOTALS 895,000,000.00 525,820,861.07 3,106,245.23 16,320,101.66 0.00 19,426,346.89 509,500,759.41
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</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
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
====================================================================================================================================
Certificate Information Other Trust Information
<S> <C> <C> <C> <C>
Pool I
Interest Carry Forward Monthly Advance
Requirement Amount for Bankruptcy Libor 6.621%
AF-1 1,499,216.90 0.00 0.00 Aggregate Spread Account Beginning Balance 43,929,877.78
AF-2 487,289.41 0.00 0.00 Interest Earnings 221,330.99
Adjustments 177.60
Deposits to Spread Account 0.00
Withdrawals from Spread Account (170,991.32)
POOL II Aggregate Ending Spread Account Balance 43,980,395.05
Aggregate Interest Earnings 3,208,708.77
AV 1,119,738.92 0.00 0.00 Aggregate Ending Spread Account Balance less
Interest Earnings 40,771,686.28
Aggregate Specified Spread Account Requirement 40,942,500.00
====================================================================================================================================
</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> 3
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
====================================================================================================================================
POOL I
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C>
Aggregate Amount Received 9,321,543.86 Adjusted Mortgage Interest Rate 9.790%
Aggregate Beginning Principal Balance of Loans 336,870,813.60
Monthly Advance 109,636.18 Aggregate Ending Principal Balance of Loans 329,900,237.70
(Unreimbursed Monthly Advance) 0.00 Compensating Interest 650.63
(Servicer Fee) (67,572.06) Curtailments 661,924.75
(Contingency Fee) (67,572.06) Excess and Monthly Payments 557,534.68
(Late Charges) (91,496.46) Interest Received 2,807,780.13
(Escrow) (127,090.80) Monthly Excess Spread Percentage 100%
(Excess Spread) (761,729.90) Payments And Reimbursements to the Servicers Pursuant to:
-------------
(1,005,825.09) Section 4.01(f) 135,144.12
Principal Prepayments (Number/Amount) 106 5,063,171.86
AVAILABLE REMITTANCE AMOUNT 8,315,718.77 Realized Losses (Current/Cumulative) 687,944.60 8,889,584.81
=============
Certificate Remittance Amount from Pool I 86,162.25
WAC 10.411%
WAM 265.48
FEES
Contingency Fee 67,572.06 SPREAD ACCOUNT INFORMATION
Expense Account 3,157.99 Spread Account Beginning Balance 27,084,400.84
Insurance Fee 30,878.00 Interest Earnings 140,844.53
Servicer Fee 67,572.06 Adjustments 113.02
Deposits to Spread Account 0.00
Withdrawals from Spread Account for Insured Payment 0.00
PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES Total Withdrawals from Spread Account (177.60)
6/30/00 7/31/00 8/31/00 Ending Spread Account Balance 27,225,180.79
------- ------- -------
10.438% 10.426% 10.418% Aggregate Interest Earnings 2,043,863.50
Ending Spread Account Balance less Interest Earnings 25,181,317.29
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> 4
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
====================================================================================================================================
POOL II
SCHEDULE OF REMITTANCE COLLATERAL INFORMATION
<S> <C> <C>
Aggregate Amount Received 10,572,706.55 Adjusted Mortgage Interest Rate 10.188%
Aggregate Beginning Principal Balance of Loans 188,978,189.30
Monthly Advance 61,647.70 Aggregate Ending Principal Balance of Loans 179,628,661.70
(Unreimbursed Monthly Advance) 0.00 Compensating Interest 441.53
(Servicer Fee) (37,882.73) Curtailments 495,994.30
(Contingency Fee) (37,882.73) Excess and Monthly Payment 87,584.62
(Late Charges) (94,361.00) Interest Received 1,638,227.82
(Escrow) (147,556.18) Monthly Excess Spread Percentage 100%
(Excess Spread) (484,726.39) Payments And Reimbursements to the Servicers Pursuant to:
-------------
(740,761.33) Section 4.01(f) 75,765.46
Principal Prepayments (Number/Amount) 82 8,101,080.34
AVAILABLE REMITTANCE AMOUNT 9,831,945.22 Realized Losses (Current/Cumulative) 664,868.27 5,020,558.64
=============
Certificate Remittance Amount from Pool II 0.00
WAC 10.813%
WAM 333.78
FEES
Contingency Fee 37,882.73 SPREAD ACCOUNT INFORMATION
Expense Account 2,322.74 Spread Account Beginning Balance 16,845,476.94
Insurance Fee 17,322.00 Interest Earnings 80,486.46
Servicer Fee 37,882.73 Adjustments 64.58
Deposits to Spread Account 0.00
Withdrawals from Spread Account (170,813.72)
PRIOR THREE MONTHS WEIGHTED AVERAGE MORTGAGE INTEREST RATES Ending Spread Account Balance 16,755,214.26
6/30/00 7/31/00 8/31/00 Aggregate Interest Earnings 1,164,845.27
------- ------- -------
10.072% 10.262% 10.502% Ending Spread Account Balance less Interest Earnings 15,590,368.99
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> 5
THE MONEY STORE ASSET BACKED CERTIFICATES
SERIES 1998-C
STATEMENT TO CERTIFICATEHOLDER
RECORD DATE: 09/30/00
DETERMINATION DATE: 10/11/00
DISTRIBUTION DATE: 10/16/00
A
<TABLE>
<CAPTION>
===================================================================================================================================
EXHIBIT L
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POOL I DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
--------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Delinquent 1-29 Days 634 29,783,372.09 9.03%
----------------------------------------- Delinquent 30-59 Days 142 7,768,709.11 2.35%
Outstanding Balance 329,900,237.70 Delinquent 60-89 Days 47 2,418,822.72 0.73%
----------------------------------------- Delinquent 90 and over 104 5,814,541.99 1.76%
# Accounts 6,526 Loans in Foreclosure 191 13,744,281.80 4.17%
----------------------------------------- REO Property 65 3,921,845.00 1.19%
-------------------------------------------------------------
TOTALS 1,183 63,451,572.71 19.23%
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POOL II DELINQUENT INFOR. # LOANS AMOUNT PERCENTAGE
--------------------------------------------------------------------------------------
Delinquent 1-29 Days 239 18,242,160.84 10.16%
----------------------------------------- Delinquent 30-59 Days 76 6,296,564.66 3.51%
Outstanding Balance 179,628,661.70 Delinquent 60-89 Days 20 1,379,316.16 0.77%
----------------------------------------- Delinquent 90 and over 57 5,491,908.45 3.06%
# Accounts 2,308 Loans in Foreclosure 162 13,129,614.28 7.31%
----------------------------------------- REO Property 41 2,974,111.04 1.66%
-------------------------------------------------------------
TOTALS 595 47,513,675.43 26.45%
--------------------------------------------------------------------------------------
===================================================================================================================================
</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
