FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: October 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
-------------
Exhibit Index appears on page 3
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
--------
99 Statement to Series 1997-1 Participants with respect to the
distribution on October 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 October 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 October 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.
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: October 27, 1997
----------------------
- 2 - <PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
- ------- ------- ----
5
99 Statement to Series 1997-1 Participants with respect to the
distribution on October 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 October 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 October 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
- 3 -
HOUSEHOLD CONSUMER LOAN DEPOSIT TRUST
COLLATERAL REPORT
Number of Due Periods Since Inception 24
Due Period 01-Sep-97
Distribution Date 14-Oct-97
Payment Date 15-Oct-97
*** Trust Portfolio Summary ***
Annualized Cash Yield 19.98%
Annualized Gross Losses -8.18%
Annualized Portfolio Yield 11.79%
Contractual Delinquency Status of Credit Lines: (Principal / Principal)
30 - 59 days ($) 192916370.32
30 - 59 days (%) 4.90%
60 - 89 days ($) 78455890.93
60 - 89 days (%) 1.99%
90 - 119 days ($) 52393839.57
90 - 119 days (%) 1.33%
120 - 149 days ($) 40076694.3
120 - 149 days (%) 1.02%
150 - 179 days ($) 35760525.8
150 - 179 days (%) 0.91%
180 - 209 days ($) 31562590.32
180 - 209 days (%) 0.80%
210 - 239 days ($) 29230985.64
210 - 239 days (%) 0.74%
240 - 269 days ($) 28359269.12
240 - 269 days (%) 0.72%
270 - 299 days ($) 27854600.48
270 - 299 days (%) 0.71%
300+ days ($) 5235635.52
300+ days (%) 0.13%
Addit'l Balances on Existing Credit Lines (draws-principal only)76,345,518.88
Principal Collections 113,246,356.14
Defaulted Receivables 27,329,032.23
Finance Charge & Administrative Collections 65,733,349.95
Recoveries 974,168.00
Average Principal Balance 4,006,932,522.04
Personal Homeowner Lines as % of Total Principal 29.45%
<PAGE>
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD CONSUMER LOAN CORPORATION
HOUSEHOLD CONSUMER LOAN TRUST SERIES 1997-1
No. of PMTs Since Issuance: 7
Distribution Date: 14-Oct-97
Payment Date: 15-Oct-97
Collection Period Beginning: 01-Sep-97
Collection Period Ending: 30-Sep-97
Note and Certificate Accrual Beginning: 15-Sep-97
Note and Certificate Accrual Ending: 15-Oct-97
PAYMENT CALCULATIONS:
OC Balance as % of Beginning Participation Invested Amount 5.26%
OC Balance as % of Ending Participation Invested Amount 5.44%
OC Balance as % of Ending Participation Invested Amount (3 mo avg) 5.09%
Does Early Amortization Start Based on OC/Part. Invstd. Amt. Test 0.00
Is the MAP Over? 0.00
Is this the Early Amortization Period? 0.00
Interest Allocation Percentage Calculation:
Numerator 840,048,502.11
Denominator-Component(x)-Aggregate Receivables & Partc. Int 4,006,932,522.04
Denominator - Component (y) - Aggregate Numerators 3,693,703,480.05
Applicable Interest Allocation Percentage 20.96%
Principal Allocation Percentage Calculation:
Numerator 840,048,502.11
Denominator-Component(x)-Aggregate Receivables & Partc. Int 4,006,932,522.04
Denominator - Component (y) - Aggregate Numerators 3,213,503,480.05
Applicable Principal Allocation Percentage 20.96%
Default Allocation Percentage Calculation:
Numerator 840,048,502.11
Denominator-Component(x)-Aggregate Receivables & Partc. Int 4,006,932,522.04
Denominator - Component (y) - Aggregate Numerators 3,693,703,480.05
Default Allocation Percentage (Floating Allocation Percentage) 20.96%
Minimum Principal Amount Calculation:
2.2% of Participation Invested Amount 18,481,067.05
Series Participation Interest Default Amount (Sec.4.11(a)(iii)) 5,729,498.18
Excess of (i)2.2% of PartInvAmt over(ii)Series PartIntDefaultAmt12,751,568.87
Minimum Principal Amount 12,751,568.87
Investor Principal Collections 12,751,568.87
Investor Finance Charge and Admin. Collections (4.11a) 13,985,149.54
Investor Allocated Defaulted Amounts 5,729,498.18
DEPOSIT TRUST CALCULATIONS
Beginning Participation Unpaid Principal Balance 840,048,502.11
Beginning Participation Invested Amount 840,048,502.11
Ending Participation Unpaid Principal Balance 821,567,435.06
Ending Participation Invested Amount 821,567,435.06
Beginning Participation Unpaid Principal Balancex(PRIME-1.50%) 5,226,968.46
Note Int & Cert Yield Amounts Due Pursuant to Sec.3.05(a)(i) 3,895,278.80
Part Inv Amountx75bps perannum prior to 4/98, 25bps perannum therea525,030.31
Participation Interest Distribution Amount 5,226,968.46
Application of Investor Finance Charges & Administrative Collections:
Investor Finance Charge and Admin. Collections (4.11a) 13,985,149.54
Servicing Fee if HFC is not the Servicer (Sec. 4.11 (a)(i) 0.00
Series Participation Interest Monthly Interest (Sec.4.11(a)(ii))5,226,968.46
Series Participation Interest Default Amount (Sec.4.11(a)(iii)) 5,729,498.18
Reimbursed Series Particpation Interest Charge-Offs (Sec.4.11(a)(iv)) 0.00
Servicing Fee if HFC is the Servicer (Sec. 4.11 (a)(v)) 1,400,080.84
Excess (Sec. 4.11 (a)(vi)) 1,628,602.07
Reconciliation Check 0.00
Series Participation Interest Monthly Principal 18,481,067.05
Beginning Unreimbursed Participation Interest Charge-Offs 0.00
Series Participation Interest Charge-Offs (Sec. 4.12 (a)) 0.00
Reimbursed Series Particpation Interest Charge-Offs (Sec.4.11(a)(iv)) 0.00
Ending Unreimbursed Participation Interest Charge-Offs 0.00
Available Investor Principal Collections 18,481,067.05
Participation Interest Distribution Amount 5,226,968.46
Series Participation Interest Charge-Offs 0.00
OWNER TRUST CALCULATIONS 0.00
Note Int & Cert Yield Amounts Due Pursuant to Sec.3.05(a)(i) 3,895,278.80
Excess Interest 1,331,689.66
Beginning Net Charge-Offs 0.00
Reversals 0.00
+Available Investor Principal Collections 18,481,067.05
+Series Participation Interest Charge Offs 0.00
+ Lesser of Excess Interest and Carryover Charge Offs 0.00
Optimum Monthly Principal 18,481,067.05
Are the Notes Retired ? 0.00
Accelerated Principal Payment 525,030.31
Beginning Class A-1 Security Balance 606,240,789.10
Beginning Class A-2 Security Balance 48,000,000.00
Beginning Class A-3 Security Balance 62,400,000.00
Beginning Class B Security Balance 45,600,000.00
Beginning Certificate Security Balance 33,600,000.00
Beginning Overcollateralization Amount plus APP 44,732,743.32
Beginning Class A-1 Adjusted Balance 606,240,789.10
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 Certficate Adjusted Balance 33,600,000.00
Beginning Overcollateralization Amount plus APP 44,732,743.32
ClassA-1 Bal After Paymt pursuant to clause in Sec3.05(a)(ii)(a)
587,759,722.05
ClassA-2 Bal After Paymt pursuant to clause in Sec3.05(a)(ii)(b)48,000,000.00
ClassA-3 Bal After Paymt pursuant to clause in Sec3.05(a)(ii)(c)62,400,000.00
ClassB Bal After Paymt pursuant to clause in Sec3.05(a)(ii)(d) 45,600,000.00
Cert Bal After Paymt pursuant to clause in Sec3.05(a)(iii) 33,600,000.00
Class A-2 Minimum Adjusted Principal Balance 16,000,000.00
Class A-3 Minimum Adjusted Principal Balance 20,800,000.00
Class B Minimum Adjusted Principal Balance 15,200,000.00
Certificate Minimum Adjusted Principal Balance 11,200,000.00
Minimum Overcollateralization Amount 13,600,000.00
Certificate Minimum Balance Target 8,298,652.66
Scheduled Certificate Payment to Certificate Min Bal Target 25,301,347.34
Class A-1 Targeted Balance 427,215,066.23
Class A-2 Targeted Balance (78,387,912.31)
Class A-3 Targeted Balance (19,584,145.76)
Class B Targeted Balance (3,935,239.43)
Certificate Targeted Balance 7,974,481.03
Class A-1:Payment Required to get to Target 179,025,722.87
Class A-2:Payment Required to get to Target or Min Adj Bal 32,000,000.00
Class A-3:Payment Required to get to Target or Min Adj Bal 41,600,000.00
Class B:Payment Required to get to Target or Min Adj Bal 30,400,000.00
Certificate: Payment Required to get to Target or Min Adj Bal 22,400,000.00
OC: Payment to get to Minimum Overcollateralization Amount 31,132,743.32
Section 3.05 Payment of Principal and Interest; Defaulted Interest 0.00
Pay Certificate Yield in step (ii) (1= Yes) 1.00
Remittances on the Participation 23,708,035.51
Interest and Yield
(i) Pay Class A-1 Interest Distribution - Sec. 3.05 (a)(i)(a) 2,920,691.30
Pay Class A-2 Interest Distribution - Sec. 3.05 (a)(i)(b) 236,250.00
Pay Class A-3 Interest Distribution - Sec. 3.05 (a)(i)(c) 312,325.00
Pay Class B Interest Distribution - Sec. 3.05 (a)(i)(d) 239,637.50
Pay Certificates the Certificate Yield - Sec. 3.05 (a)(i)(e) 186,375.00
Principal up to Optimum Monthly Principal
(ii) Pay Class A-1 to Targeted Prin Bal-Sec.3.05(a)(ii)(a) 18,481,067.05
Pay Class A-2 to Targeted Principal Balance-Sec.3.05(a)(ii)(b) 0.00
Pay Class A-3 to Targeted Principal Balance-Sec.3.05(a)(ii)(c) 0.00
Pay Class B to Targeted Principal Balance-Sec.3.05(a)(ii)(d) 0.00
ONLY Pay Cert Yield if not paid pursuant to Sec.3.05(a)(i)(e)-Sec. 0.00
Principal up to Optimal Monthly Principal
(iii)Pay Certificate to Targeted Principal Balance-Sec.3.05(a)(iii) 0.00
(iv) Pay OC Remaining Optimal Monthly Principal Amount-Sec.3.05(a)(iv) 0.00
Principal up to the Accelerated Principal Payment Amount
(v) Pay Class A-1 to Targeted Principal Balance-Sec.3.05(a)(v)(a) 525,030.31
Pay Class A-2 to Targeted Principal Balance - Sec. 3.05 (a)(v)(b) 0.00
Pay Class A-3 to Targeted Principal Balance - Sec. 3.05 (a)(v)(c) 0.00
Pay Class B to Targeted Principal Balance - Sec. 3.05 (a)(v)(d) 0.00
Pay Class A-1 to zero - Sec. 3.05 (a)(v)(e) 0.00
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
(vi) 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 Cert Min Bal or zero-Sec.3.05(a)(vi)(e) 0.00
Pay HCLC Optimum Monthly Prin provided OC>zero-Sec.3.05(a)(vi)(f) 0.00
(vii) Remaining Amounts to HCLC - Sec. 3.05 (a)(vii) 806,659.34
Total Reconciliation Check (should equal $0.00) 0.00
Accelerated Principal Reconciliation (should equal $0.00) 0.00
Optimum Monthly Principal Reconciliation (should equal charge-offs) 0.00
BOND SUMMARY:
Beginning Class A-1 Note Security Balance 606,240,789.10
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 44,207,713.01
Beginning Class A-1 Adjusted Balance 606,240,789.10
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 Certficate Adjusted Balance 33,600,000.00
Beginning Overcollateralization Amount 44,207,713.01
Ending Class A-1 Note Security Balance 587,234,691.74
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 44,732,743.32
Ending Class A-1 Adjusted Balance 587,234,691.74
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 Certficate Adjusted Balance 33,600,000.00
Ending Overcollateralization Amount 44,732,743.32
Class A-1 Note Rate Capped at 12.5% 5.781250%
Class A-2 Note Rate Capped at 14.0% 5.906250%
Class A-3 Note Rate Capped at 14.0% 6.006250%
Class B Note Rate Capped at 14.0% 6.306250%
Certificate Rate Capped at 15.0% 6.656250%
Class A-1 Interest Due 2,920,691.30
Class A-2 Interest Due 236,250.00
Class A-3 Interest Due 312,325.00
Class B Interest Due 239,637.50
Certificate Yield Due 186,375.00
Class A-1 Interest Paid 2,920,691.30
Class A-2 Interest Paid 236,250.00
Class A-3 Interest Paid 312,325.00
Class B Interest Paid 239,637.50
Certificate Yield Paid 186,375.00
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 19,006,097.36
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 Acclerated Principal Payments 525,030.31
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 (Begin of Month) 4.000%
Designated Certificate / Certificate Security (Bal Begin of Month) 1.000%
Designated Certificate - Beginning of Month 336,000.00
Principal Payments in Respect of Designated Cert (Sec.3.05(vi)&(vii)) 0.00
Designated Certificate - End of Month 336,000.00
Yield Payments in Respect of Designated Cert (Sec.3.05(a)(i)(e)) 1,863.75
Designated Certificateholder Accelerated Prin Paymts-Begin Bal 3,407,713.01
Accelerated Principal Payment (Sec. 3.05 (v)) 525,030.31
Paymts to Holder of Designated Cert in respect to Acc Prin (Sec.3.05(vi) 0.00
Designated Certificateholder Acc Prin Paymts-Ending Balance 3,932,743.32
Designated Certificateholder Holdback Amount (Begin of Month) 40,800,000.00
Payments to Designated Cert in Reduction of Holdback Amt (Sec.3.05(v)& 0.00
Designated Certificateholder Holdback Amount (End of Month) 40,800,000.00
Remaining Payments to Designated Cert (Sec.3.05 para follow(vii)) 0.00
Remaining Amounts to Issuer (Sec. 3.05 (vii)) 806,659.34
MONTHLY SECURITY REPORT
Ending Pool Principal Balance 3,938,570,642.96
Series 1997-1 Participation Invested Amount 821,567,435.06
Seller Amount 68,637,357.61
Remittances on the Participation 23,708,035.51
Optimum Monthly Principal 18,481,067.05
Accelerated Principal Payment 525,030.31
Beginning Class A-1 Note Security Balance 606,240,789.10
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 44,207,713.01
Beginning Class A-1 Adjusted Balance 606,240,789.10
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 44,207,713.01
Ending Class A-1 Note Security Balance 587,234,691.74
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 44,732,743.32
Ending Class A-1 Adjusted Balance 587,234,691.74
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 44,732,743.32
Class A-1 Note Rate Capped at 12.5% 5.781250%
Class A-2 Note Rate Capped at 14.0% 5.906250%
Class A-3 Note Rate Capped at 14.0% 6.006250%
Class B Note Rate Capped at 14.0% 6.306250%
Certificate Rate Capped at 15.0% 6.656250%
Class A-1 Interest Due 2,920,691.30
Class A-2 Interest Due 236,250.00
Class A-3 Interest Due 312,325.00
Class B Interest Due 239,637.50
Certificate Yield Due 186,375.00
Class A-1 Interest Paid 2,920,691.30
Class A-2 Interest Paid 236,250.00
Class A-3 Interest Paid 312,325.00
Class B Interest Paid 239,637.50
Certificate Yield Paid 186,375.00
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
Cetificate Unpaid Yield 0.00
Class A-1 Principal Paid 19,006,097.36
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 Acclerated Principal Payments 525,030.31
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
Interest paid per $1,000 Class A-1 4.003140
Principal paid per $1,000 Class A-1 26.050024
Interest paid per $1,000 Class A-2 4.921875
Principal paid per $1,000 Class A-2 0.000000
Interest paid per $1,000 Class A-3 5.005208
Principal paid per $1,000 Class A-3 0.000000
Interest paid per $1,000 Class B 5.255208
Principal paid per $1,000 Class B 0.000000
Yield Paid per $1,000 Certificate 5.546875
Principal Paid per $1,000 Certificate 0.000000<PAGE>
BLOOMBERG SUMMARY
HOUSEHOLD CONSUMER LOAN TRUST 1997-1
Due Period Sep-97
Monthly Payment Rate (including charge offs) 3.51%
Monthly Draw Rate 1.91%
Monthly Net Payment Rate 1.60%
Actual Payment Rate 2.20%
Annualized Cash Yield 19.98%
Annualized Gross Losses 8.18%
Annualized Portfolio Yield 11.79%
Weighted Coupon 5.87%
Excess Servicing 5.92%
Ending Overcollateralization Percentage (3 mo avg) 5.26%
Trigger Level 4.25%
Excess Overcollateralization 1.01%
Delinquencies: (Principal/Principal)
30-59 days (Del Stat 1) 4.90%
60-89 days (Del Stat 2) 1.99%
90+ days (Del Stat 3+) 6.36%
Total Participation Balance (ending) 821,567,435.06
