SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report November 14, 1996
HOUSEHOLD CONSUMER LOAN TRUST 1996-1
(Exact name of registrant as specified in its charter)
HOUSEHOLD FINANCE CORPORATION
(Administrator of the Trust)
(Exact name as specified in Administrator's charter)
Delaware 333-992 88-0367746
(State or other juris- (Commission File Numbers) (IRS Employer
diction of incorpora- Identification
tion of Administrator) Number of
Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
(Address of principal executive offices of (Zip Code)
Administrator)
Administrator's telephone number, including area code 847/564-5000
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Statement to Series 1996-1 Participants with respect to the
distribution on November 14, 1996 as provided for under
Article V of the Pooling and Servicing Agreement dated as of
March 1, 1996 among Household Finance Corporation, as Servicer
and The Chase Manhattan Bank, N.A., as Deposit Trustee and
Section 5 of the Series 1996-1 Supplement to the Pooling and
Servicing Agreement, (b) Noteholders with respect to the
Payment Date on November 15, 1996 as provided for under
Section 3.23 of the Indenture dated as of March 1, 1996
between Household Consumer Loan Trust 1996-1 and The Bank of
New York, as Indenture Trustee, and (c) Certificateholders
with respect to the Payment Date on November 15, 1996 as
provided for under Section 5.04 of the Trust Agreement dated
as of March 1, 1996 between Household Consumer Loan
Corporation and The Chase Manhattan Bank (USA), as Owner
Trustee.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Administrator has duly caused this report to be signed on behalf of the
undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Administrator of and on behalf of the
HOUSEHOLD CONSUMER LOAN TRUST 1996-1
(Registrant)
By: /s/ J. W. Blenke
J. W. Blenke
Authorized Representative
Dated: November 20, 1996
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EXHIBIT INDEX
Exhibit
Number Exhibit Page
5
99 Statement to Series 1996-1 Participants with respect to the
distribution on November 14, 1996 as provided for under
Article V of the Pooling and Servicing Agreement dated as of
March 1, 1996 among Household Finance Corporation, as Servicer
and The Chase Manhattan Bank, N.A., as Deposit Trustee and
Section 5 of the Series 1996-1 Supplement to the Pooling and
Servicing Agreement, (b) Noteholders with respect to the
Payment Date on November 15, 1996 as provided for under
Section 3.23 of the Indenture dated as of March 1, 1996
between Household Consumer Loan Trust 1996-1 and The Bank of
New York, as Indenture Trustee, and (c) Certificateholders
with respect to the Payment Date on November 15, 1996 as
provided for under Section 5.04 of the Trust Agreement dated
as of March 1, 1996 between Household Consumer Loan
Corporation and The Chase Manhattan Bank (USA), as Owner
Trustee.
U:\WP\HFS088\8K\HCLT96-1.8K
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Household Finance Corporation
Household Consumer Loan Corporation
Household Consumer Loan Trust Series 1996-1
No. of PMTs Since Issuance: 8
Distribution Date: 14-Nov-96
Payment Date: 15-Nov-96
Collection Period Beginning: 01-Oct-96
Collection Period Ending: 31-Oct-96
Note and Certificate Accrual Beginning: 15-Oct-96
Note and Certificate Accrual Ending: 15-Nov-96
BOND SUMMARY:
Beginning Class A Note Security Balance $536,946,153.20
Beginning Class B Note Security Balance $136,244,640.00
Beginning Certificate Security Balance $25,455,360.00
Beginning Overcollateralization Amount $41,060,799.16
Beginning Class A Adjusted Balance $536,946,153.20
Beginning Class B Adjusted Balance $136,244,640.00
Beginning Certficate Adjusted Balance $25,455,360.00
Beginning Overcollateralization Amount $41,060,799.16
Ending Class A Note Security Balance $523,477,322.44
Ending Class B Note Security Balance $136,244,640.00
Ending Certificate Security Balance $25,455,360.00
Ending Overcollateralization Amount $41,214,904.78
Ending Class A Adjusted Balance $523,477,322.44
Ending Class B Adjusted Balance $136,244,640.00
Ending Certficate Adjusted Balance $25,455,360.00
Ending Overcollateralization Amount $41,214,904.78
Class A Note Rate Capped at 13% 5.602810%
Class B Note Rate Capped at 15% 5.982810%
Certificate Rate Capped at 16% 6.382810%
Class A Interest Due $2,590,572.93
Class B Interest Due $701,913.88
Certificate Yield Due $139,910.51
Class A Interest Paid $2,590,572.93
Class B Interest Paid $701,913.88
Certificate Yield Paid $139,910.51
Class A Unpaid Interest $0.00
Class B Unpaid Interest $0.00
Certificate Unpaid Yield $0.00
Class A Principal Paid $13,468,830.76
Class B Principal Paid $0.00
Certificate Principal Paid $0.00
OC Principal Paid $0.00
Beginning Class A Net Charge-Off $0.00
Beginning Class B Net Charge-Off $0.00
Beginning Certificate Net Charge-Off $0.00
Beginning OC Net Charge-Off $0.00
Reversals Allocated to Class A $0.00
Reversals Allocated to Class B $0.00
Reversals Allocated to Certificates $0.00
Reversals Allocated to OC plus Acclerated Principal Pa
$154,105.62
Total Charge-Offs: $0.00
Charge-Offs Allocated to Class A $0.00
Charge-Offs Allocated to Class B $0.00
Charge-Offs Allocated to Certificates $0.00
Charge-Offs Allocated to OC $0.00
Ending Class A Net Charge-Off $0.00
Ending Class B Net Charge-Off $0.00
Ending Certificate Net Charge-Off $0.00
Ending OC Net Charge-Off $0.00
Bond Balance Reconciliation(should equal $0.00) $0.00
Certificate Balance/Participation Invested Amount (Begi
3.4413%
Designated Certificate / Certificate Security (Balance
1.003168%
Designated Certificate - Beginning of Month $255,360.00
Principal Payments in Respect of Designated Certificat
$0.00
Designated Certificate - End of Month $255,360.00
Interest Payments in Respect of Designated Certificate
$1,403.54
Designated Certificateholder Accelerated Principal Paym
$1,160,799.16
Accelerated Principal Payment (Sec. 3.05 (v)) $154,105.62
Payments to Holder of Designated Certificate in respect
$0.00
Designated Certificateholder Accelerated Principal Paym
$1,314,904.78
Designated Certificateholder Holdback Amount (Beginning
$39,900,000.00
Payments to Designated Certificates in Reduction of Hol
$0.00
Designated Certificateholder Holdback Amount (End of Mo
$39,900,000.00
Remaining Payments to Designated Certificates (Sec. 3.0
$0.00
Remaining Amounts to Issuer (Sec. 3.05 (vii)) $1,129,128.88
