**Exhibit 33.2**

 
|   | **Report on Assessment of Compliance with SEC  Regulation AB Servicing Criteria**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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| 1.     | First Data  Resources, LLC, through its affiliate REMITCO, LLC (jointly, the “Asserting  Party”) is responsible for assessing compliance as of and for the 12-month  period ending December 31, 2007 (the “Reporting Period”) with the  servicing criteria applicable to it under the Securities and Exchange  Commission’s Regulation AB Section 229.1122(d), except for the criteria  set forth in Sections 229.1122(d)(1)(i)-(iv), 1122(d)(2)(i)-(vii),  1122(d)(3)(i)-(iv), 1122(d)(4)(i)-(iii), 1122(d)(4)(iv) (except with  respect to the servicing of transactions on the remittance payment platform  relating to the opening, listing, and depositing of remittance payments  mailed to post office boxes serviced by the Asserting Party pursuant to the  agreements between the Asserting Party and Capital One Services, Inc.,  together with its affiliates, Capital One Bank and Capital One Auto  Finance, Inc. (the “Transaction Agreements”)), and 1122(d)(4)(v)-(xv)  (such criteria, after giving effect to the preceding exceptions, the  “Applicable Servicing Criteria”). With respect to Item 1122(d)(4)(iv), the  Asserting Party’s responsibility is limited to the opening, listing, and  depositing of remittance payments mailed to post office boxes serviced by the  Asserting Party as required and pursuant to the Transaction Agreements, and  the Asserting Party does not take responsibility for any other matters. |
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| 2.     | The  Asserting Party used the Applicable Servicing Criteria to assess the  compliance with the Applicable Servicing Criteria;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
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| 3.     | The  Asserting Party has complied, in all material respects, with the Applicable  Servicing Criteria as of December 31, 2007, and for the Reporting Period  with respect to the opening, listing, and depositing of remittance payments  mailed to post office boxes serviced by the Asserting Party as required and  pursuant to the Transaction Agreements;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
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| 4.     | Ernst &  Young LLP, a registered public accounting firm, has issued an attestation  report on the Asserting Party’s assessment of compliance with the Applicable  Servicing Criteria as of December 31, 2007 and for the Reporting Period  as set forth in this report.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

 

 
| First Data  Resources, LLC   |            | REMITCO, LLC      |
|------------------------------|-----------------|-------------------|
|                         |            |              |
| By:                          | /s/ Sally  Else |              | By: | /s/ Sally  Else |
| Name:  Sally  Else |            | Name: Sally  Else |
| Title: SVP                   |            | Title:  President |
|                              |                 |                   |  |  |

 

 

March 10, 2008

 

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