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: July 14, 1998
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 July 14, 1998 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 July 15, 1998
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 July 15, 1998 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: July 27, 1998
----------------------
- 2 - <PAGE>
<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
- ------- ------- ----
5
99
Statement to Series 1997-1 Participants with respect to the
distribution on July 14, 1998 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 July 15, 1998
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 July 15, 1998 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 33
Due Period 01-Jun-98
Distribution Date 14-Jul-98
Payment Date 15-Jul-98
*** Trust Portfolio Summary ***
Annualized Cash Yield 19.45%
Annualized Gross Losses -10.07%
Annualized Portfolio Yield 9.38%
Contractual Delinquency Status of Credit Lines:
(Principal / Principal)
30 - 59 days ($) 209482504.01
30 - 59 days (%) 5.46%
60 - 89 days ($) 73857330.05
60 - 89 days (%) 1.93%
90 - 119 days ($) 50332442.5
90 - 119 days (%) 1.31%
120 - 149 days ($) 42754491.6
120 - 149 days (% 1.11%
150 - 179 days ($) 38355502.43
150 - 179 days (%) 1.00%
180 - 209 days ($) 36959088.64
180 - 209 days (%) 0.96%
210 - 239 days ($) 36406503.35
210 - 239 days (%) 0.95%
240 - 269 days ($) 35040116.89
240 - 269 days (% 0.91%
270 - 299 days ($) 6311493.95
270 - 299 days (%) 0.95%
300+ days ($) 5814636.93
300+ days (%) 0.15%
Additional Balances on Existing Credit Lines
(draws - principal only) 54,804,433.02
Principal Collections 134,361,033.56
Defaulted Receivables 33,126,554.82
Finance Charge & Administrative Collections 62,781,795.25
Recoveries 1,196,122.00
Average Principal Balance 3,947,471,354.82
Personal Homeowner Lines as % of Total Principal 30.11%
Household Finance Corporation
Household Consumer Loan Corporation
Household Consumer Loan Trust Series 1997-1
No. of PMTs Since Issuance: 16
Distribution Date: 14-Jul-98
Payment Date: 15-Jul-98
Collection Period Beginning: 01-Jun-98
Collection Period Ending: 30-Jun-98
Note and Certificate Accrual Beginning: 15-Jun-98
Note and Certificate Accrual Ending: 15-Jul-98
PAYMENT CALCULATIONS:
OC Balance as % of Beginning Participation
Invested Amount 7.01%
OC Balance as % of Ending Participation Invested Amount 7.23%
OC Balance as % of Ending Participation Invested Amount
(3 month aver 6.81%
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 679,896,802.40
Denominator - Component (x) - Aggregate
Receivables & Partc. Interest 3,947,471,354.82
Denominator - Component (y) - Aggregate
Numerators 3,752,917,420.09
Applicable Interest Allocation Percentage 17.22%
Principal Allocation Percentage Calculation:
Numerator 679,896,802.40
Denominator - Component (x) - Aggregate
Receivables & Partc. Interest 3,947,471,354.82
Denominator - Component (y) - Aggregate
Numerators 3,757,644,456.93
Applicable Principal Allocation Percentage 17.22%
Default Allocation Percentage Calculation:
Numerator 679,896,802.40
Denominator - Component (x) - Aggregate
Receivables & Partc. Interest 3,947,471,354.82
Denominator - Component (y) - Aggregate
Numerators 3,752,917,420.09
Default Allocation Percentage
(Floating Allocation Percentage) 17.22%
Minimum Principal Amount Calculation:
2.2% of Participation Invested Amount 14,957,729.65
Series Participation Interest Default Amount
(Sec. 4.11 (a)(iii)) 5,705,586.35
Excess of (i) 2.2% of Part. Inv. Amt. over
(ii) Series Part. Interes 9,252,143.30
Minimum Principal Amount 9,252,143.30
Investor Principal Collections 13,702,513.19
Investor Finance Charge and Admin. Collections
(4.11a) 11,019,302.60
Investor Allocated Defaulted Amounts 5,705,586.35
DEPOSIT TRUST CALCULATIONS
Beginning Participation Unpaid Principal Balance 679,896,802.40
Beginning Participation Invested Amount 679,896,802.40
Ending Participation Unpaid Principal Balance 660,488,702.85
Ending Participation Invested Amount 660,488,702.85
Beginning Participation Unpaid Principal
Balance x (PRIME-1.50%) 4,230,468.99
Note Interest and Certificate Yield Amounts Due
Pursuant to Sec. 3.05 3,107,191.94
Participation Invested Amount x 75bps per annum
prior to 4/98, 25bps 141,645.17
Participation Interest Distribution Amount 4,230,468.99
Application of Investor Finance Charges & Administrative
Collections:
Investor Finance Charge and Admin.
Collections (4.11a) 11,019,302.60
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)) 4,230,468.99
Series Participation Interest Default Amount
(Sec. 4.11 (a)(iii)) 5,705,586.35
Reimbursed Series Particpation Interest Charge-Offs
(Sec. 4.11 (a)(i 0.00
Servicing Fee if HFC is the Servicer
(Sec. 4.11 (a)(v)) 1,083,247.25
Excess (Sec. 4.11 (a)(vi) 0.00
Reconciliation Check 0.00
Series Participation Interest Monthly Principal 19,408,099.55
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)(i 0.00
Ending Unreimbursed Participation Interest Charge-Offs 0.00
Available Investor Principal Collections 19,408,099.55
Participation Interest Distribution Amount 4,230,468.99
Series Participation Interest Charge-Offs 0.00
OWNER TRUST CALCULATIONS 0.00
Note Interest and Certificate Yield Amounts
Due Pursuant to Sec. 3.05 3,107,191.94
Excess Interest 1,123,277.05
Beginning Net Charge-Offs 0.00
Reversals 0.00
+Available Investor Principal Collections 19,408,099.55
+Series Participation Interest Charge Offs 0.00
+ Lesser of Excess Interest and Carryover Charge Offs 0.00
Optimum Monthly Principal 19,408,099.55
Are the Notes Retired ? 0.00
Accelerated Principal Payment 141,645.17
Beginning Class A-1 Security Balance 442,659,516.78
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 47,778,930.79
Beginning Class A-1 Adjusted Balance 442,659,516.78
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 47,778,930.79
Class A-1 Balance After Payment pursuant to
clause in Sec 3.05 (a)(ii 423,251,417.23
Class A-2 Balance After Payment pursuant to clause
in Sec 3.05 (a)(ii 48,000,000.00
Class A-3 Balance After Payment pursuant to clause
in Sec 3.05 (a)(ii 62,400,000.00
Class B Balance After Payment pursuant to
clause in Sec 3.05 (a)(ii)( 45,600,000.00
Certificate Balance After Payment pursuant to
clause in Sec. 3.05(a)( 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 6,671,596.39
Scheduled Certificate Payment to Certificate
Minimum Balance Target 26,928,403.61
Class A-1 Targeted Balance 343,454,125.48
Class A-2 Targeted Balance (13,748,421.46)
Class A-3 Targeted Balance 24,115,109.91
Class B Targeted Balance 24,461,536.68
Certificate Targeted Balance 25,095,745.88
Class A-1: Payment Required to get to Target 99,205,391.30
Class A-2: Payment Required to get to Target
or Minimum Adjusted Bal 32,000,000.00
Class A-3: Payment Required to get to Target
or Minimum Adjusted Bal 38,284,890.09
Class B: Payment Required to get to Target or
Minimum Adjusted Balanc 21,138,463.32
Certificate: Payment Required to get to Target
or Minimum Adjusted Ba 8,504,254.12
OC: Payment to get to Minimum
Overcollateralization Amount 34,178,930.79
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 23,638,568.54
Interest and Yield
(i) Pay Class A-1 Interest Distribution -
Sec. 3.05 (a)(i)(a) 2,132,604.44
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 Principal Balance -
Sec. 3.05 (a)(ii
19,408,099.55
Pay Class A-2 to Targeted Principal Balance -
Sec. 3.05 (a)(i 0.00
Pay Class A-3 to Targeted Principal Balance -
Sec. 3.05 (a)(i 0.00
Pay Class B to Targeted Principal Balance -
Sec. 3.05 (a)(ii) 0.00
ONLY Pay CertificateYield if not paid pursuant
to Sec. 3.05 ( 0.00
Principal up to Optimal Monthly Principal
(iii) Pay Certificate to Targeted Principal
Balance - Sec. 3.05 (a) 0.00
(iv) Pay OC Remaining Optimal Monthly Principal
Amount - Sec. 3.05 ( 0.00
Principal up to the Accelerated Principal Payment Amount
(v) Pay Class A-1 to Targeted Principal Balance -
Sec. 3.05 (a)(v)( 141,645.17
Pay Class A-2 to Targeted Principal Balance -
Sec. 3.05 (a)(v 0.00
Pay Class A-3 to Targeted Principal Balance -
Sec. 3.05 (a)(v 0.00
Pay Class B to Targeted Principal Balance -
Sec. 3.05 (a)(v)( 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 Certificate Min.
Bal. or zero - Sec. 3 0.00
Pay HCLC Optimum Monthly Principal provided
OC > zero - Sec. 0.00
(vii) Remaining Amounts to HCLC - Sec. 3.05 (a)(vii) 981,631.88
Total Reconciliation Check 0.00
Accelerated Principal Reconciliation 0.00
Optimum Monthly Principal Reconciliation 0.00
BOND SUMMARY:
Beginning Class A-1 Note Security Balance 442,659,516.78
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 47,637,285.62
Beginning Class A-1 Adjusted Balance 442,659,516.78
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 47,637,285.62
Ending Class A-1 Note Security Balance 423,109,772.06
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 47,778,930.79
Ending Class A-1 Adjusted Balance 423,109,772.06
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 47,778,930.79
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 2,132,604.44
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 2,132,604.44
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 19,549,744.72
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 141,645.17
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 Month 4.942%
Designated Certificate / Certificate Security
(Balance Beginning of M 1.000%
Designated Certificate - Beginning of Month 336,000.00
Principal Payments in Respect of Designated
Certificate (Sec. 3.05 ( 0.00
Designated Certificate - End of Month 336,000.00
Yield Payments in Respect of Designated Certificate
(Sec. 3.05 (a)(i) 1,863.75
Designated Certificateholder Accelerated
Principal Payments - Beginni 6,837,285.62
Accelerated Principal Payment (Sec. 3.05 (v)) 141,645.17
Payments to Holder of Designated Certificate in
respect to Acc. Prin. 0.00
Designated Certificateholder Accelerated
Principal Payments - Ending 6,978,930.79
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 fo 0.00
Remaining Amounts to Issuer (Sec. 3.05 (vii)) 981,631.88
Monthly Security Report
Household Consumer Loan Trust 1997-1
Distribution Date 14-Jul-98
Payment Date: 15-Jul-98
Collection Period Beginning 01-Jun-98
Collection Period Ending: 30-Jun-98
Note and Certificate Accrual Beginning: 15-Jun-98
Note and Certificate Accrual Ending: 15-Jul-98
Ending Pool Principal Balance 3,835,069,297.72
Series 1997-1 Participation Invested Amount 660,488,702.85
Seller Amount 189,376,631.32
Remittances on the Participation 23,638,568.54
Optimum Monthly Principal 19,408,099.55
Accelerated Principal Payment 141,645.17
Beginning Class A-1 Note Security Balance 442,659,516.78
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 47,637,285.62
Beginning Class A-1 Adjusted Balance 442,659,516.78
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 47,637,285.62
Ending Class A-1 Note Security Balance 423,109,772.06
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 47,778,930.79
Ending Class A-1 Adjusted Balance 423,109,772.06
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 47,778,930.79
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 2,132,604.44
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 2,132,604.44
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 19,549,744.72
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 141,645.17
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 2.922978
Principal paid per $1,000 Class A-1 26.795154
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
Bloomberg Summary
Household Consumer Loan Trust 1997-1
Due Period
Jun-98
Monthly Payment Rate (including charge offs) 4.24%
Monthly Draw Rate 1.39%
Monthly Net Payment Rate 2.85%
Actual Payment Rate 2.85%
Annualized Cash Yield 19.45%
Annualized Gross Losses 10.07%
Annualized Portfolio Yield 9.38%
Weighted Coupon 5.90%
Excess Servicing 3.48%
Ending Overcollateralization Percentage (3 mo avg) 7.01%
Trigger Level 4.25%
Excess Overcollateralization 2.76%
Delinquencies:
(Principal/Principal)
30-59 days (Del Stat 1) 5.46%
60-89 days (Del Stat 2) 1.93%
90+ days (Del Stat 3+) 7.35%
Total Participation Balance (ending) 660,488,702.85
