(5) Securitization Trust Debt (Tables)

12 Months Ended

Dec. 31, 2020

Securitization Trust Debt

Schedule of securitization trust debt

Series	Final Scheduled Payment Date (1)	Receivables Pledged at December 31, 2020 (2)		Initial Principal		Outstanding Principal at December 31, 2020		Outstanding Principal at December 31, 2019		Weighted Average Contractual Interest Rate at December 31, 2020
	(Dollars in thousands)
CPS 2014-C	December 2021		–		273,000		–		19,758		0.00%
CPS 2014-D	March 2022		–		267,500		–		23,755		0.00%
CPS 2015-A	June 2022		–		245,000		–		26,713		0.00%
CPS 2015-B	September 2022		17,737		250,000		17,984		36,338		6.01%
CPS 2015-C	December 2022		27,788		300,000		28,529		53,579		6.77%
CPS 2016-A	March 2023		35,042		329,460		37,158		71,599		7.24%
CPS 2016-B	June 2023		45,407		332,690		46,079		82,667		7.42%
CPS 2016-C	September 2023		47,358		318,500		47,325		83,696		7.53%
CPS 2016-D	April 2024		38,498		206,325		36,455		65,021		5.81%
CPS 2017-A	April 2024		42,972		206,320		40,619		71,450		5.82%
CPS 2017-B	December 2023		53,753		225,170		39,016		76,201		5.00%
CPS 2017-C	September 2024		56,048		224,825		47,553		80,315		4.82%
CPS 2017-D	June 2024		57,986		196,300		49,297		83,801		4.32%
CPS 2018-A	March 2025		62,902		190,000		53,549		91,258		4.11%
CPS 2018-B	December 2024		75,400		201,823		66,955		111,188		4.51%
CPS 2018-C	September 2025		87,223		230,275		77,345		130,064		4.62%
CPS 2018-D	June 2025		104,155		233,730		88,228		149,470		4.58%
CPS 2019-A	March 2026		131,575		254,400		114,373		186,900		4.38%
CPS 2019-B	June 2026		128,787		228,275		118,982		184,308		3.95%
CPS 2019-C	September 2026		150,637		243,513		142,080		216,650		3.26%
CPS 2019-D	December 2026		190,916		274,313		181,485		265,035		2.80%
CPS 2020-A	March 2027		187,537		260,000		184,944		–		2.80%
CPS 2020-B	June 2027		187,597		202,343		164,403		–		3.09%
CPS 2020-C	November  2027		243,367		252,200		231,961		–		1.67%
		$	1,972,684	$	5,945,962	$	1,814,320	$	2,109,766

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(1) The Final Scheduled Payment Date represents final legal maturity of the securitization trust debt. Securitization trust debt is expected to become due and to be paid prior to those dates, based on amortization of the finance receivables pledged to the Trusts. Expected payments, which will depend on the performance of such receivables, as to which there can be no assurance, are $818.4 million in 2021, $450.9 million in 2022, $350.7 million in 2023, $81.1 million in 2024, $83.7 million in 2025, and $18.7 million in 2026.

(2) Includes repossessed assets that are included in Other Assets on our Consolidated Balance Sheets.