Item 1. Business.
Not applicable.
Item 2.
Item 2. Properties.
Not applicable.
Item 3.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings involving the trusts created under the Pooling and Servicing Agreement (the Trusts), the Trustee, the Servicer or the registrant with respect to the Trusts other than routine litigation incidental to the duties of the respective parties.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
Not applicable.
PART II
Item 5.
Item 5. Market for registrant's Common Equity and Related Stockholder Matters.
Records provided to the Trust by the DTC and the Trustee indicate that as of December 31, 2002, the number of holders of record for each class of Certificate were as follows:
Class A1 1 Class A1I 1 Class A2 41 Class A2I 1
Total: 44
Item 6.
Item 6. Selected Financial Data.
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Not applicable.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
	 Not applicable.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
Not applicable.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and 	Related Stockholder Matters.
The Certificates are represented by one or more certificates 	registered in the name of Cede & Co., the nominee of the Depository 	Trust Company ("DTC"), and an investor holding an interest in the 	EQCC Trust 2002-1 is not entitled to receive a certificate representing 	such interest except in certain limited circumstances. Accordingly, 	Cede & Co. is the sole holder of record of the Certificates, which it 	held on behalf of brokers, dealers banks and other direct participants 	in the DTC system at December 31, 2002. Such direct participants may hold 	Certificates for their own accounts or for the accounts of their customers. 	At December 31, 2002, the following direct DTC participants held positions 	in the Certificates representing interests in the EQCC Trust 2002-1 equal 	to or exceeding 5% of the total principal amount of the Certificates 	outstanding on the date:
		Participant	 			 Quantity 	 Percentages
Class A1	The Bank of New York	 		 523,841,387.00 	100.0% 		One Wall Street 		New York, NY 10286
Class A1 IO	Deutsche Bank Trust Company Americas	 523,841,387.00 	100.0% 		648 Grassmere Park Rd 		Nashville, TN 37211
Class A2	The Bank of New York	 		 139,395,000.00 5.2% 		One Wall Street 		New York, NY 10286
		Boston Safe Deposit and Trust Company	 212,620,000.00 8.0% 		525 William Penn Place Ste 3148 		Pittsburgh, PA 15259
		Citibank, NA	 			 239,600,000.00 9.0% 		3800 Citibank Center B3-15 		Tampa, FL 33620
		Deutsche Bank Trust Company Americas 		648 Grassmere Park Rd			 344,145,000.00 	 12.9% 		Nashville, TN 37211
		State Street Bank and Trust Company	 585,871,617.00 	 21.9% 		1776 Heritage Dr 		No Quincy, MA 02171
Class A2 IO	Deutsche Bank Trust Company Americas	 2,673,321,752 		 100% 	 	648 Grassmere Park Rd 		Nashville, TN 37211
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Controls and Procedures.
	 Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 2002
(99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 2002.
(99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 2002.
(b) Reports on Form 8-K EQCC Trust 2002-1 filed a Current Report on 	Form 8-K pursuant to Items 5 and 7 for the following monthly 	distribution dates during 2002, including the certificate for 	each due period provided by The Bank of New York, as Trustee.
				Date of Reports on Form 8-K 					June 25, 2002 					July 25, 2002 					August 25, 2002 					September 25, 2002 					October 25, 2002 					November 25, 2002 					December 25, 2002
(c) See Item 15(a) above
(d) Not Applicable.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized:
EQCC Trust 2002-1 (Registrant)
By: 	Susan Edris Welsh Name: 	Susan Edris Welsh Title: President EQCC Asset Backed Corporation as Depositor
				EQCC Trust 2002-1
	Certification Pursuant to Section 302 of The Sarbanes-Oxley Act of 2002
		I, Susan Edris Welsh, certify, in connection with that certain 	Trust Agreement (the Trust Agreement), dated as of March 27, 2002, 	between EQCC Asset Backed Corporation, as depositor (the Depositor) 	and The Bank of New York, as trustee (the Trustee), that I am the 	senior officer of the Depositor in charge of its securitizations. The 	underlying collateral for the EQCC Trust 2002-1 consists of publicly 	issued securities from another securitization (the Underlying 	Securitization), and not loans. Accordingly there is no servicer 	or servicing of loans with respect to the EQCC Trust 	2002-1 and this certification and the related Form 10-K are provided 	in modified format. In this regard, I certify that:
	1.	I have reviewed this annual report on Form 10-K, and all 		reports on Form 8-K as amended containing distribution or servicing 		reports filed in respect of periods included in the year covered by 		this annual report, of the Depositor relating to the EQCC Trust 		2002-1;
	2.	Based on my knowledge, the information in these reports, taken as 		a whole, does not contain any untrue statement of a material fact 		or omit to state a material fact necessary to make the statements 		made, in light of the circumstances under which such statements 		were made, not misleading as of the last day of the period covered 		by this annual report;
	3.	Based on my knowledge, the distribution or servicing information 		required to be provided to the trustee by the servicer 		(or similarly situated party) under the pooling and servicing, or 		similar, agreement for inclusion in these reports is included in 		these reports; and
	4.	Based on my knowledge and upon the annual compliance statements 		included in the Underlying Securitizations report and required to 		be delivered to the trustee in accordance with the terms of the 		pooling and servicing, or similar, agreement in the Underlying 		Securitization, and except as disclosed in such reports, the servicer 		has fulfilled its obligations under the servicing agreement in the 		Underlying Securitization; and
	5.	In the Underlying Securitization, the Underlying Securitizations 		reports disclose all significant deficiencies relating to the 		servicer's compliance with the minimum servicing standards based 		upon such report provided by an independent public accountant, after 		conducting a review in compliance with the Uniform Single Attestation 		Program for Mortgage Bankers or similar procedure, as set forth in 		the pooling and servicing, or similar, agreement, that is included 		in such reports in the Underlying Securitization.
	In giving the certifications above, I have reasonably relied on the information 	provided to me by the following unaffiliated parties: The Bank of New York, as 	Trustee, and Fairbanks Capital Corp., as servicer of the Underlying 	Securitization.
Date:	March 31, 2003
By:	Susan Edris Welsh Title:	Susan Edris Welsh, President EQCC Asset Backed Corporation as Depositor
				EXHIBIT INDEX
Exhibit Number				 Description of Exhibit
99.1	Incorporated by reference from Exhibit 99.1 contained on EQCC Trust 2001-2, 	EQCC Asset Back Certificates, Series 2001-2 Form 10-K, dated March 31, 2003.
99.2	Incorporated by reference from Exhibit 99.2 contained on EQCC Trust 2001-2, 	EQCC Asset Back Certificates, Series 2001-2 Form 10-K, dated March 31, 2003.
99.3	Incorporated by reference from Exhibit contained on EQCC Trust 2001-2, 	EQCC Asset Back Certificates, Series 2001-2 Form 10-K, dated March 31, 2003.