Household Consumer Loan Trust, Series 1996-2 Deposit Trust Calculations

Previous Due Period Ending

Sep 30, 2000

Current Due Period Ending

Oct 31, 2000

Prior Distribution Date

Oct 13, 2000

Distribution Date

Nov 14, 2000

Beginning Trust Principal Receivables

3,747,215,208.00

Average Principal Receivables

3,747,062,935.87

FC&A Collections (Includes Recoveries)

63,208,517.86

Principal Collections

103,775,791.01

Additional Balances

44,214,497.95

Net Principal Collections

59,561,293.06

Defaulted Amount

23,009,507.06

Miscellaneous Payments

0.00

Principal Recoveries

2,155,589.00

Beginning Participation Invested Amount

327,588,318.47

Beginning Participation Unpaid Principal Balance

327,588,318.47

Ending Participation Invested Amount

320,369,536.71

Ending Participation Unpaid Principal Balance

320,369,536.71

Accelerated Amortization Date

Jul 31, 2001

Is it the Accelerated Amortization Period? 0=No

0

OC Balance as % of Ending Participation Invested Amount (3 month average)

8.521%

Is it Early Amortization? (No, if 3 month OC Average >or=4.25%)

0

Investor Finance Charges and Administrative Collections

Numerator for Floating Allocation

327,588,318.47

Numerator for Fixed Allocation

335,391,775.23

Denominator - Max(Sum of Numerators, Principal Receivables)

3,747,062,935.87

Applicable Allocation Percentage

8.7425%

Investor FC&A Collections

5,526,027.30

Series Participation Interest Default Amount

Numerator for Floating Allocation

327,588,318.47

Denominator - Max(Sum of Numerators, Principal Receivables)

3,747,062,935.87

Floating Allocation Percentage

8.7425%

Series Participation Interest Default Amount

2,011,614.39

Principal Allocation Components

Numerator for Floating Allocation

327,588,318.47

Numerator for Fixed Allocation

335,391,775.23

Denominator - Max(Sum of Numerators, Principal Receivables)

3,747,062,935.87

Series Participation Interest Monthly Interest

(a) Series Participation Interest Pass Through Rate, [Max(b,c)]

8.0000%

(b) Prime Rate minus 1.50%

8.0000%

(c) Rate Sufficient to Cover Interest, Yield and Accelerated Principal Pmt Amount

6.1865%

(d) Series Participation Interest Unpaid Principal Balance

327,588,318.47

(e) Actual days in the Interest Period

32

Series Participation Monthly Interest, [a*d*e]

2,329,516.93

Series Participation Interest Interest Shortfall

0.00

Previous Series Participation Interest Interest Shortfall

0.00

Additional Interest

0.00

Series Participation Interest Monthly Principal

Available Investor Principal Collections, [a+m+n]

7,218,781.76

(a) Investor Principal Collections, [Max(b,h) or e]

5,207,167.37

(b) prior to Accelerated Amort. Date or not Early Amort. Period, [c*d]

5,207,167.37

(c) Floating Allocation Percentage

8.7425%

(d) Net Principal Collections

59,561,293.06

(e) after Accelerated Amort Date or Early Amort Period, [f*g]

9,288,754.25

(f) Fixed Allocation Percentage

8.9508%

(g) Collections of Principal

103,775,791.01

(h) Minimum Principal Amount, [Min(i,l)]

3,884,975.34

(i) Floating Allocation Percentage of Principal Collections

9,072,635.68

(j) 1.8% of the Series Participation Interest Invested Amount

5,896,589.73

(k) Series Participation Interest Net Default Payment Amount

2,011,614.39

(l) the excess of (j) over (k)

3,884,975.34

(m) Series Participation Interest Net Default Payment Amount

2,011,614.39

(n) Optional Repurchase Amount (principal only) at Sec. 9

0.00

Application of Investor Finance Charges and Admin Collections

Investor Finance Charges and Admin. Collections [Sec. 4.11(a)]

5,526,027.30

Series Servicing Fee paid if HFC is not the Servicer [Sec. 4.11(a)(i)]

0.00

plus any unpaid Series Servicing Fee of other than HFC

0.00

Series Participation Interest Monthly Interest [Sec. 4.11(a)(ii)]

2,329,516.93

Series Participation Interest Interest Shorfall [Sec. 4.11(a)(ii)]

0.00

Additional Interest [Sec. 4.11(a)(ii)]

0.00

Series Participation Interest Default Amount [Sec. 4.11(a)(iii)]

2,011,614.39

Reimbursed Series Participation Interest Charge-Offs [Sec. 4.11(a)(iv)]

0.00

Servicing Fee Paid [Sec. 4.11(a)(v)]

545,980.53

Excess [Sec. 4.11(a)(vi)]

638,915.45

Series Participation Investor Charge Off [Sec. 4.12(a)]

0.00

Seller's Interest

1,322,931,298.30

Series 1996-2 Owner Trust Calculations

Due Period

October 2000

Payment Date

Nov 15, 2000

Optimum Monthly Principal [a+b+c]

(a) Available Investor Principal Collections

7,218,781.76

(b) Series Participation Interest Charge Offs

0.00

(c) Lesser of Excess Interest and Carryover Charge offs

0.00

Accelerated Principal Payment

68,247.57

Series Participation Interest Monthly Interest

2,329,516.93

Allocation of Optimum Monthly Principal and Series Part. Interest Monthly Interest

Interest and Yield

Pay Class A-1 Interest Distribution- Sec. 3.05(a)(i)(a)

963,478.66

Pay Class A-2 Interest Distribution- Sec. 3.05(a)(i)(b)

204,354.00

Pay Class A-3 Interest Distribution- Sec. 3.05(a)(i)(c)

269,439.73

Pay Class B Interest Distribution- Sec. 3.05(a)(i)(d)

202,310.15

Pay Certificates the Certificate Yield- Sec. 3.05(a)(i)(e)

93,608.36

Principal up to Optimum Monthly Principal Balance

Pay Class A-1 to Targeted Principal Balance- Sec. 3.05(a)(ii)(a)

3,683,893.22

Pay Class A-2 to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(ii)(b)

778,646.68

Pay Class A-3 to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(ii)(c)

1,012,058.77

Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(ii)(d)

735,868.17

Pay Certificate Yield if not paid pursuant to Sec. 3.05 (a)(i)(e)

0.00

Principal up to Optimal Monthly Principal

Pay Certificate to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(iii)

324,845.18

Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv)

683,469.74

Principal up to Accelerated Principal Payment Amout

Pay Class A-1 to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(a)

0.00

Pay Class A-2 to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(b)

0.00

Pay Class A-3 to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(c)

0.00

Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(d)

0.00

Pay Class A-1 to zero- Sec. 3.05(a)(v)(e)

68,247.57

Pay Class A-2 to zero- Sec. 3.05(a)(v)(f)

0.00

Pay Class A-3 to zero- Sec. 3.05(a)(v)(g)

0.00

Pay Class B to zero- Sec. 3.05(a)(v)(h)

0.00

Principal up to Optimal Monthly Principal

Pay Class A-1 to zero- Sec. 3.05(a)(vi)(a)

0.00

Pay Class A-2 to zero- Sec. 3.05(a)(vi)(b)

0.00

Pay Class A-3 to zero- Sec. 3.05(a)(vi)(c)

0.00

Pay Class B to zero- Sec. 3.05(a)(vi)(d)

0.00

Pay Certificates up to Certificate Minimum Balance or zero- Sec. 3.05(a)(vi)(e)

0.00

Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi)(f)

0.00

Remaining Amounts to Holder of Designated Certificate - Sec. 3.05(a)(vii)

528,078.46

Allocations of Distributions to Overcollateralization Amount

Available Distributions

Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv)

683,469.74

Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi)

0.00

To Designated Certificate Holder up to total Accelerated Principal Payments

68,247.57

To Designated Certificate Holder up to Holdback Amount

615,222.17

To HCLC any remaining amounts

0.00

Principal paid to the Designated Certificate

3,248.45

Household Consumer Loan Trust, 1996-2

Series 1996-2 Owner Trust Calculations

Due Period Ending

Oct 31, 2000

Payment Date

Nov 15, 2000

Calculation of Interest Expense

Index (LIBOR)

6.620000%

Accrual end date, accrual beginning date and days in Interest Period

Nov 15, 2000

Oct 16, 2000

30

Class A-1

Class A-2

Class A-3

Class B

Certificates

Overcoll Amount

Beginning Unpaid Principal Balance

170,276,052

35,334,986

45,927,227

33,393,698

14,741,474

27,914,880

Previously unpaid interest/yield

0

0

0

0

0

Spread to index

0.17%

0.32%

0.42%

0.65%

1.00%

Rate (capped at 13%, 15%, 15%, 15%, 16%)

6.790000%

6.940000%

7.040000%

7.270000%

7.620000%

Interest/Yield Payable on the Principal Balance

963,479

204,354

269,440

202,310

93,608

Interest on previously unpaid interest/yield

0

0

0

0

0

Interest/Yield Due

963,479

204,354

269,440

202,310

93,608

Interest/Yield Paid

963,479

204,354

269,440

202,310

93,608

Summary

Beginning Security Balance

170,276,052

35,334,986

45,927,227

33,393,698

14,741,474

27,914,880

Beginning Adjusted Balance

170,276,052

35,334,986

45,927,227

33,393,698

14,741,474

Principal Paid

3,752,141

778,647

1,012,059

735,868

324,845

683,470

Ending Security Balance

166,523,912

34,556,340

44,915,168

32,657,830

14,416,629

27,299,658

Ending Adjusted Balance

166,523,912

34,556,340

44,915,168

32,657,830

14,416,629

Ending Certificate Balance as % Participation Interest Invested Amount

4.5000%

Targeted Balance

166,592,159

34,556,340

44,915,168

32,657,830

14,416,629

Minimum Adjusted Balance

18,800,000

24,500,000

17,800,000

7,900,000

14,800,000

Certificate Minimum Balance

9,708,478

Ending OC Amount as Holdback Amount

22,202,935

Ending OC Amount as Accelerated Prin Pmts

5,096,723

Beginning Net Charge offs

-

-

0

0

0

-

Reversals

-

-

0

0

0

-

Charge offs

-

-

0

0

0

-

Ending Net Charge Offs

-

-

0

0

0

-

Interest/Yield Paid per $1000

1

4

4

4

3

Principal Paid per $1000

5

15

15

15

9