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 April 14, 1997
HOUSEHOLD CONSUMER LOAN TRUST 1997-1
(Exact name of registrant as specified in its charter)
HOUSEHOLD FINANCE CORPORATION
(Administrator of the Trust)
(Exact name as specified in Administrator's charter)
To be
Delaware 333-20147 Applied For
(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 1997-1 Participants with respect to the
distribution on April 14, 1997 as provided for under Article
V of the Pooling and Servicing Agreement dated as of September
1, 1995 among Household Finance Corporation, as Servicer and
The Chase Manhattan Bank, N.A., as Deposit Trustee and Section
5 of the Series 1997-1 Supplement to the Pooling and Servicing
Agreement, (b) Noteholders with respect to the Payment Date on
April 15, 1997 as provided for under Section 3.23 of the
Indenture dated as of March 1, 1997 between Household Consumer
Loan Trust 1997-1 and The Bank of New York, as Indenture
Trustee, and (c) Certificateholders with respect to the
Payment Date on April 15, 1997 as provided for under Section
5.04 of the Trust Agreement dated as of March 1, 1997 between
Household Consumer Loan Corporation and The Chase Manhattan
Bank Delaware, as Owner Trustee.
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<PAGE>
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 1997-1
(Registrant)
By: /s/ J. W. Blenke
J. W. Blenke
Authorized Representative
Dated: April 25, 1997
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EXHIBIT INDEX
Exhibit
Number Exhibit Page
5
99 Statement to Series 1997-1 Participants with respect to the
distribution on April 14, 1997 as provided for under Article
V of the Pooling and Servicing Agreement dated as of September
1, 1995 among Household Finance Corporation, as Servicer and
The Chase Manhattan Bank, N.A., as Deposit Trustee and Section
5 of the Series 1997-1 Supplement to the Pooling and Servicing
Agreement, (b) Noteholders with respect to the Payment Date on
April 15, 1997 as provided for under Section 3.23 of the
Indenture dated as of March 1, 1997 between Household Consumer
Loan Trust 1997-1 and The Bank of New York, as Indenture
Trustee, and (c) Certificateholders with respect to the
Payment Date on April 15, 1997 as provided for under Section
5.04 of the Trust Agreement dated as of March 1, 1997 between
Household Consumer Loan Corporation and The Chase Manhattan
Bank Delaware, as Owner Trustee.
U:\WP\HFS088\8K\HCLT97-1.8K
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Household Finance Corporation
Household Consumer Loan Corporation
Household Consumer Loan Trust Series 1997-1
No. of PMTs Since Issuance: 1
Distribution Date: 14-Apr-97
Payment Date: 15-Apr-97
Collection Period Beginning: 01-Mar-97
Collection Period Ending: 31-Mar-97
Note and Certificate Accrual Beginning: 12-Mar-97
Note and Certificate Accrual Ending: 15-Apr-97
BOND SUMMARY:
Beginning Class A-1 Note Security Balance 729,600,000.00
Beginning Class A-2 Note Security Balance 48,000,000.00
Beginning Class A-3 Note Security Balance 62,400,000.00
Beginning Class B Note Security Balance 45,600,000.00
Beginning Certificate Security Balance 33,600,000.00
Beginning Overcollateralization Amount 40,800,000.00
Beginning Class A-1 Adjusted Balance 729,600,000.00
Beginning Class A-2 Adjusted Balance 48,000,000.00
Beginning Class A-3 Adjusted Balance 62,400,000.00
Beginning Class B Adjusted Balance 45,600,000.00
Beginning Certificate Adjusted Balance 33,600,000.00
Beginning Overcollateralization Amount 40,800,000.00
Ending Class A-1 Note Security Balance 707,880,000.00
Ending Class A-2 Note Security Balance 48,000,000.00
Ending Class A-3 Note Security Balance 62,400,000.00
Ending Class B Note Security Balance 45,600,000.00
Ending Certificate Security Balance 33,600,000.00
Ending Overcollateralization Amount 41,400,000.00
Ending Class A-1 Adjusted Balance 707,880,000.00
Ending Class A-2 Adjusted Balance 48,000,000.00
Ending Class A-3 Adjusted Balance 62,400,000.00
Ending Class B Adjusted Balance 45,600,000.00
Ending Certificate Adjusted Balance 33,600,000.00
Ending Overcollateralization Amount 41,400,000.00
Class A-1 Note Rate Capped at 12.5% 5.562500%
Class A-2 Note Rate Capped at 14.0% 5.687500%
Class A-3 Note Rate Capped at 14.0% 5.787500%
Class B Note Rate Capped at 14.0% 6.087500%
Certificate Rate Capped at 15.0% 6.437500%
Class A-1 Interest Due 3,832,933.33
Class A-2 Interest Due 257,833.33
Class A-3 Interest Due 341,076.67
Class B Interest Due 262,168.33
Certificate Yield Due 204,283.33
Class A-1 Interest Paid 3,832,933.33
Class A-2 Interest Paid 257,833.33
Class A-3 Interest Paid 341,076.67
Class B Interest Paid 262,168.33
Certificate Yield Paid 204,283.33
Class A-1 Unpaid Interest 0.00
Class A-2 Unpaid Interest 0.00
Class A-3 Unpaid Interest 0.00
Class B Unpaid Interest 0.00
Certificate Unpaid Yield 0.00
Class A-1 Principal Paid 21,720,000.00
Class A-2 Principal Paid 0.00
Class A-3 Principal Paid 0.00
Class B Principal Paid 0.00
Certificate Principal Paid 0.00
OC Principal Paid 0.00
Beginning Class A-1 Net Charge-Off 0.00
Beginning Class A-2 Net Charge-Off 0.00
Beginning Class A-3 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-1 0.00
Reversals Allocated to Class A-2 0.00
Reversals Allocated to Class A-3 0.00
Reversals Allocated to Class B 0.00
Reversals Allocated to Certificates 0.00
Reversals Allocated to OC plus Accelerated Principal Payments
600,000.00
Total Charge-Offs: 0.00
Charge-Offs Allocated to Class A-1 0.00
Charge-Offs Allocated to Class A-2 0.00
Charge-Offs Allocated to Class A-3 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-1 Net Charge-Off 0.00
Ending Class A-2 Net Charge-Off 0.00
Ending Class A-3 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 (Beginning of Mo
3.500%
Designated Certificate / Certificate Security (Balance Beginning o
1.000%
Designated Certificate - Beginning of Month 336,000.00
Principal Payments in Respect of Designated Certificate (Sec. 3.0
0.00
Designated Certificate - End of Month 336,000.00
Interest Payments in Respect of Designated Certificate (Sec. 3.05
2,042.83
Designated Certificateholder Accelerated Principal Payments - Begi
0.00
Accelerated Principal Payment (Sec. 3.05 (vi))
600,000.00
Payments to Holder of Designated Certificate in respect to Acc. Pr
0.00
Designated Certificateholder Accelerated Principal Payments - Endi
600,000.00
Designated Certificateholder Holdback Amount (Beginning of Month)
40,800,000.00
Payments to Designated Certificates in Reduction of Holdback Amount
0.00
Designated Certificateholder Holdback Amount (End of Month)
40,800,000.00
Remaining Payments to Designated Certificates (Sec. 3.05 paragraph
0.00
Remaining Amounts to Issuer (Sec. 3.05 (x)) 441,705.00
