EQCC HOME EQUITY LOAN TRUST 1999-1
8-K, 1999-09-30
ASSET-BACKED SECURITIES
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                                 UNITED  STATES
                      SECURITIES  AND  EXCHANGE  COMMISSION

                             WASHINGTON,  DC  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): SEPTEMBER 20, 1999




                       EQCC HOME EQUITY LOAN TRUST 1999-1
                       ----------------------------------
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)





                                                      59-3557436
        DELAWARE               333-71489              59-3567425
        --------               ---------              ----------
        (STATE OR OTHER        (COMMISSION FILE       (IRS EMPLOYER
        JURISDICTION OF        NUMBER)                IDENTIFICATION NO.)
        INCORPORATION



                        EQCC HOME EQUITY LOAN TRUST 1999-1
                            10401 DEERWOOD PARK BLVD.
                           JACKSONVILLE, FLORIDA 32256


                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
                    ----------------------------------------

     REGISTRANT'S  TELEPHONE  NUMBER  INCLUDING  AREA  CODE:  (904)  457-5000



<PAGE>

ITEM  5.               OTHER  EVENTS
                       -------------

               THE  REGISTRANT  HEREBY INCORPORATES BY REFERENCE THE INFORMATION
               CONTAINED  IN EXHIBIT  99  HERETO IN RESPONSE TO THIS ITEM 5.


ITEM  7.               FINANCIAL  STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND
                       ---------------------------------------------------------
                       EXHIBITS
                       --------

(C)     EXHIBITS

99              TRUSTEE'S  REMITTANCE  REPORT IN RESPECT OF THE SEPTEMBER 1999,
                REMITTANCE  DATE.



<PAGE>
                                   SIGNATURES

PURSUANT  TO  THE  REQUIREMENTS  OF THE SECURITIES AND EXCHANGE ACT OF 1934, THE
REGISTRANT  HAS  DULY  CAUSED  THIS  REPORT  TO  BE  SIGNED ON ITS BEHALF BY THE
UNDERSIGNED  HEREUNTO  DULY  AUTHORIZED.

                    SERIES EQCC HOME EQUITY LOAN TRUST 1999-1
                    -----------------------------------------
                                   (REGISTRANT)

                        EQUICREDIT CORPORATION OF AMERICA
                        ---------------------------------
                                AS REPRESENTATIVE


DATED:     SEPTEMBER  29,  1999          BY:  /S/  JAMES  B.  DODD
           --------------------               --------------------
                                         NAME:     JAMES  B.  DODD
                                         TITLE: VICE PRESIDENT/GENERAL COUNSEL
                                                (DULY  AUTHORIZED  OFFICER)



<PAGE>

                                INDEX TO EXHIBITS
                                -----------------



EXHIBIT
NUMBER                         EXHIBIT
- ------                         -------

99     TRUSTEE'S  REMITTANCE  REPORT IN RESPECT OF THE SEPTEMBER 1999 REMITTANCE
       DATE.

<PAGE>

<TABLE>
<CAPTION>
                                                                                                              EXHIBIT   99
                                              U.S. BANK NATIONAL ASSOCIATION
                                                        AS TRUSTEE

                                                   REMITTANCE REPORT FOR

                              EQCC HOME EQUITY LOAN ASSET BACKED CERTIFICATES, SERIES 1999-1
                              --------------------------------------------------------------

                                                                                          FROM     AUG.  20, 1999
                                                                                          TO       SEPT. 20, 1999


                                                                                             FIXED RATE     VARIABLE RATE
                                                                             TOTAL             GROUP            GROUP
______     _     _______________________________________________        _______________   _______________  ______________

<S>             <C>  <C>                                                   <C>              <C>              <C>
(i)                 AVAILABLE PAYMENT AMOUNT                               17,314,103.21    16,010,796.14    1,303,307.06
                    Portions subject to bankrupty                                   0.00

(ii)                CLASS A-1F PRINCIPAL BALANCE (Beginning)              256,814,591.38
                    CLASS A-2F PRINCIPAL BALANCE (Beginning)              100,000,000.00
                    CLASS A-3F PRINCIPAL BALANCE (Beginning)              135,000,000.00
                    CLASS A-4F PRINCIPAL BALANCE (Beginning)               86,000,000.00
                    CLASS A-5F PRINCIPAL BALANCE (Beginning)               17,803,970.00
                    CLASS A-6F PRINCIPAL BALANCE (Beginning)              112,000,000.00
                    CLASS A-1A PRINCIPAL BALANCE (Beginning)               19,680,957.70

                    POOL PRINCIPAL BALANCE (Beginning)                    727,299,519.08   707,618,561.38   19,680,957.70

(iii)               MORTGAGES:
                    NUMBER OF PRINCIPAL PREPAYMENTS                                  206              194              12
                    PRINCIPAL BALANCE OF MORTGAGES PREPAYING               12,413,784.40    11,339,691.67    1,074,092.73

(iv)                AMOUNT OF CURTAILMENTS RECEIVED                           363,881.72       346,468.44       17,413.28

(v)                 AGGREGATE AMOUNT OF PRINCIPAL PORTION OF
                    MONTHLY PAYMENTS RECEIVED                                 882,374.58       766,227.08      116,147.50

(vi)                INTEREST RECEIVED ON MORTGAGES                          5,639,067.08     5,499,943.25      139,123.83

(vii)               AGGREGATE ADVANCES                                      4,552,696.30     4,432,706.66      119,989.64

(viii) . . . .  a.  DELINQUENCY INFORMATION (INCLUDES BANKRUPTCY
                    & FORECLOSURES & REO):
                    MORTGAGE DELINQUENCIES 30-59 DAYS:
                    NUMBER                                                           474              465               9
                    PRINCIPAL BALANCE                                      29,114,844.88    28,203,824.79      911,020.09
                    % OF PRINCIPAL                                              4.080085%        4.057457%       4.931549%

                    MORTGAGE DELINQUENCIES 60-90 DAYS:
                    NUMBER                                                           158              157               1
                    PRINCIPAL BALANCE                                       9,947,880.96     9,896,929.25       50,951.71
                    % OF PRINCIPAL                                              1.394072%        1.423791%       0.275813%

                    MORTGAGE DELINQUENCIES 90 DAYS OR MORE:
                    NUMBER                                                           412              404               8
                    PRINCIPAL BALANCE                                      26,771,542.86    25,309,801.05    1,461,741.81
                    % OF PRINCIPAL                                              3.751700%        3.641117%       7.912725%

                b.  MORTGAGES IN BANKRUPTCY (TOTAL)
                    NUMBER                                                           105               102               3
                    PRINCIPAL BALANCE                                       5,587,812.94      5,446,096.92      141,716.02
                    % OF PRINCIPAL                                              0.783063%        0.783486%       0.767140%

                    BANKRUPTCY MORTGAGE DELINQUENCIES (included in
                                                        (viii) a. above)
                    BANKRUPTCY MORTGAGE DELINQUENCIES 30-59 DAYS:
                    NUMBER                                                             4                4               0
                    PRINCIPAL BALANCE                                         504,529.73       504,529.73            0.00
                    % OF PRINCIPAL                                                  0.07%            0.07%           0.00%

                    BANKRUPTCY MORTGAGE DELINQUENCIES 60-90 DAYS:
                    NUMBER                                                             5                4               1
                    PRINCIPAL BALANCE                                         233,108.33       182,156.62       50,951.71
                    % OF PRINCIPAL                                                  0.03%            0.03%           0.28%

                    BANKRUPTCY MORTGAGE DELINQUENCIES 90
                    DAYS OR MORE:
                    NUMBER                                                            28               27               1
                    PRINCIPAL BALANCE                                       1,934,320.90     1,890,111.49       44,209.41
                    % OF PRINCIPAL                                                  0.27%            0.27%           0.24%

                c.  MORTGAGES IN FORECLOSURE (TOTAL):
                    NUMBER                                                           259              254               5
                    PRINCIPAL BALANCE                                      18,328,178.20    17,065,802.74    1,262,375.46
                    % OF PRINCIPAL                                              2.568467%        2.455119%       6.833512%

                    FORECLOSURE MORTGAGE DELINQUENCIES (included
                    in (viii) a. above)
                    FORECLOSURE MORTGAGE DELINQUENCIES 30-59 DAYS:
                    NUMBER                                                             2                2               0
                    PRINCIPAL BALANCE                                         184,782.20       184,782.20            0.00
                    % OF PRINCIPAL                                                  0.03%            0.03%           0.00%

                    FORECLOSURE MORTGAGE DELINQUENCIES 60-90 DAYS:
                    NUMBER                                                             1                1               0
                    PRINCIPAL BALANCE                                          21,140.95        21,140.95            0.00
                    % OF PRINCIPAL                                                  0.00%            0.00%           0.00%

                    FORECLOSURE MORTGAGE DELINQUENCIES 90
                    DAYS OR MORE:
                    NUMBER                                                           252              247               5
                    PRINCIPAL BALANCE                                      17,888,843.05    16,626,467.59    1,262,375.46
                    % OF PRINCIPAL                                                  2.51%            2.39%           6.83%

                d.  MORTGAGES IN REO (TOTAL-included in 90 days or more
                    in (viii)a. above):
                    NUMBER                                                             0                0               0
                    PRINCIPAL BALANCE                                               0.00             0.00            0.00
                    % OF PRINCIPAL                                              0.000000%        0.000000%       0.000000%

                e.  MORTGAGE LOAN LOSSES                                       55,215.77        55,215.77            0.00

(ix)                ENDING CLASS A-1F PRINCIPAL BALANCE                   244,306,988.42
                    ENDING CLASS A-2F PRINCIPAL BALANCE                   100,000,000.00
                    ENDING CLASS A-3F PRINCIPAL BALANCE                   135,000,000.00
                    ENDING CLASS A-4F PRINCIPAL BALANCE                    86,000,000.00
                    ENDING CLASS A-5F PRINCIPAL BALANCE                    17,803,970.00
                    ENDING CLASS A-6F PRINCIPAL BALANCE                   112,000,000.00
                    ENDING CLASS A-1A PRINCIPAL BALANCE                    18,473,304.19

(x)                 WEIGHTED AVERAGE MATURITY OF MORTGAGE LOANS             222.17714880     223.59548611    168.80588053
                    WEIGHTED AVERAGE MORTGAGE INTEREST RATE                  10.23291117%       10.255081%       9.398685%

(xi)                SERVICING FEES PAID                                       333,991.90       324,729.15        9,262.75
                    SERVICING FEES ACCRUED                                    357,352.60       347,848.38        9,504.22

(xii)               SECTION 5.04 SERVICER PAYMENTS OR REIMBSMTS.                    0.00

(xiii)              POOL PRINCIPAL BALANCE (ENDING)                       713,584,262.61   695,110,958.42   18,473,304.19

(xiv)               RESERVED

(xv)                REIMBURSABLE AMOUNTS:
                    TO SERVICER                                                     0.00
                    TO REPRESENTATIVE                                               0.00
                    TO DEPOSITORS                                                   0.00

(xvi)               NUMBER OF MORTGAGES OUTSTANDING (BEGINNING)                   11,968           11,768             200
                    NUMBER OF MORTGAGES OUTSTANDING (END)                         11,759           11,571             188

(xvii)              AGGREGATE INTEREST ACCRUED ON THE MORTGAGE LOANS        6,087,299.43     5,938,024.53      149,274.90

      (xviiiI)      SUBORDINATED AMOUNT (REMAINING)                        83,680,349.86
                    SPREAD ACCOUNT BALANCE( AFTER DISTRIBUTIONS)           13,240,708.72
                    CUMMULATIVE EXCESS SPREAD ACCOUNT RECEIPTS                169,670.30
                    EXCESS SPREAD                                           2,075,884.32     2,031,767.20       44,117.13

      (xIx)         AGGREGATE MORTGAGE LOAN LOSSES                            169,670.30

      (xx)          LIBOR INTEREST CARRYOVER                                        0.00
                    UNPAID LIBOR INTEREST CARRYOVER                                 0.00

      (xxi)         TOTAL PRINCIPAL BALANCE OF THREE LARGEST MORTGAGES      1,241,555.98

      (xxii)        AMOUNT OF INSURED PAYMENT                                       0.00

      (xxiii)       SPREAD ACCOUNT-BEGINNING BALANCE                       11,177,346.68
                    SPREAD ACCOUNT-ENDING BALANCE                          13,240,708.72
                    SPREAD ACCOUNT REQUIREMENT                             22,230,005.34
</TABLE>
<TABLE>
<CAPTION>


                                               U.S. BANK NATIONAL ASSOCIATION
                                                         AS TRUSTEE

                               EQCC HOME EQUITY LOAN ASSET BACKED CERTIFICATES, SERIES 1999-1
                               --------------------------------------------------------------

            FROM:   AUG.  20, 1999
            TO:     SEPT. 20, 1999


<S>           <C>        <C>  <C>             <C>             <C>             <C>            <C>             <C>            <C>
 SECURITY                                   ORIGINAL        BEGINNING       PRINCIPAL      ENDING          INTEREST
 DESCRIPTION  RATE          MATURITY        FACE            BALANCE         REDUCTIONS     BALANCE         PAYABLE


CLASS A-1F .  5.770300%     MAY 20, 2010    306,000,000.00  256,814,591.38  12,507,602.96  244,306,988.42   1,234,914.36

CLASS A-2F .  5.765100%     JUNE 20, 2015   100,000,000.00  100,000,000.00           0.00  100,000,000.00     480,425.00

CLASS A-3F .  5.915200%     NOV. 20, 2024   135,000,000.00  135,000,000.00           0.00  135,000,000.00     665,460.00

CLASS A-4F .  6.133600%     JULY 20, 2028    86,000,000.00   86,000,000.00           0.00   86,000,000.00     439,574.67

CLASS A-5F .  6.594100%     MAR. 20, 2030    17,803,970.00   17,803,970.00           0.00   17,803,970.00      97,834.30

CLASS A-6F .  6.195900%     SEPT. 20, 2009  112,000,000.00  112,000,000.00           0.00  112,000,000.00     578,284.00

CLASS A-1A .  5.542500%  *  MAR. 20, 2030    23,196,030.00   19,680,957.70   1,207,653.51   18,473,304.19      93,931.47  *

CLASS X                     MAR. 20, 2030             0.00            0.00           0.00            0.00
CLASS R                     N/A                       0.00            0.00           0.00            0.00
CLASS LR                    N/A                       0.00            0.00           0.00            0.00

                                             _____________   _____________  _____________   _____________  _____________
                            TOTAL           780,000,000.00  727,299,519.08  13,715,256.47  713,584,262.61   3,590,423.80




                                   CUSIP                        PER $1,000     PER $1,000      PER $1,000     PER $1,000


CLASS A-1F                       268917EZ0                    839.26337052    40.87451948    798.38885105     4.03566786

CLASS A-2F                       268917FA4                  1,000.00000000     0.00000000   1000.00000000     4.80425000

CLASS A-3F                       268917FB2                  1,000.00000000     0.00000000   1000.00000000     4.92933333

CLASS A-4F                       268917FC0                  1,000.00000000     0.00000000   1000.00000000     5.11133333

CLASS A-5F                       268917FD8                  1,000.00000000     0.00000000   1000.00000000     5.49508333

CLASS A-6F                       268917FE6                  1,000.00000000     0.00000000   1000.00000000     5.16325000

CLASS A-1A                       268917FF3                    848.46233170    52.06293965    796.39939205     4.04946324






<FN>


 *  INTEREST  PAYABLE  REFLECTS  ACTUAL  NUMBER  OF  DAYS  FROM  THE  PREVIOUS  PAYMENT  DATE  TO THE CURRENT PAYMENT DATE.
</TABLE>



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