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: June 12, 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 June 12, 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 June 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 June 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: June 25, 1998
----------------------
- 2 - <PAGE>
<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
- ------- ------- ----
5
99
Statement to Series 1997-1 Participants with respect to the
distribution on June 12, 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 June 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 June 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 32
Due Period 01-May-98
Distribution Date 12-Jun-98
Payment Date 15-Jun-98
*** Trust Portfolio Summary ***
Annualized Cash Yield 18.94%
Annualized Gross Losses -9.45%
Annualized Portfolio Yield 9.50%
Contractual Delinquency Status of Credit Lines: (Principal / Principal)
30 - 59 days ($) 223016806.33
30 - 59 days (%) 5.65%
60 - 89 days ($) 76149874.46
60 - 89 days (%) 1.93%
90 - 119 days ($) 50614903.41
90 - 119 days (%) 1.28%
120 - 149 days ($) 42680405.13
120 - 149 days (%) 1.08%
150 - 179 days ($) 39092405.21
150 - 179 days (%) 0.99%
180 - 209 days ($) 38063387.03
180 - 209 days (%) 0.96%
210 - 239 days ($) 36328954.23
210 - 239 days (%) 0.92%
240 - 269 days ($) 37019187.88
240 - 269 days (%) 0.94%
270 - 299 days ($) 35066733.49
270 - 299 days (%) 0.89%
300+ days ($) 5407019.46
300+ days (%) 0.14%
Addtl Bal on Existing Credit Lines (draws-prin only) 56,787,424.29
Principal Collections 131,024,181.83
Defaulted Receivables 31,917,157.23
Finance Charge & Administrative Collections 62,827,485.67
Recoveries 1,164,339.00
Average Principal Balance 4,053,453,391.15
Personal Homeowner Lines as % of Total Principal 30.47%
<PAGE>
Household Finance Corporation
Household Consumer Loan Corporation
Household Consumer Loan Trust Series 1997-1
No. of PMTs Since Issuance: 15
Distribution Date: 12-Jun-98
Payment Date: 15-Jun-98
Collection Period Beginning: 01-May-98
Collection Period Ending: 31-May-98
Note and Certificate Accrual Beginning: 15-May-98
Note and Certificate Accrual Ending: 15-Jun-98
PAYMENT CALCULATIONS:
OC Balance as % of Beginning Participation Invested Amount 6.80%
OC Balance as % of Ending Participation Invested Amount 7.01%
OC Balance as % of Ending Participation Invested Amt (3 mo avg 6.61%
Does Early Amortization Start Based on OC/Part Inv Amt Test 0.00
Is the MAP Over? 0.00
Is this the Early Amortization Period? 0.00
Interest Allocation Percentage Calculation:
Numerator 698,181,127.58
Denominator-Component(x)-Aggregate Receivables & Part Int 4,053,453,391.15
Denominator - Component (y) - Aggregate Numerators 3,853,929,518.24
Applicable Interest Allocation Percentage 17.22%
Principal Allocation Percentage Calculation:
Numerator 698,181,127.58
Denominator-Component(x)-Aggregate Receivables & Part Int 4,053,453,391.15
Denominator - Component (y) - Aggregate Numerators 3,858,484,218.93
Applicable Principal Allocation Percentage 17.22%
Default Allocation Percentage Calculation:
Numerator 698,181,127.58
Denominator-Component(x)-Aggregate Receivables & Part Int 4,053,453,391.15
Denominator - Component (y) - Aggregate Numerators 3,853,929,518.24
Default Allocation Percentage (Floating Allocation Percentage)17.22%
Minimum Principal Amount Calculation:
2.2% of Participation Invested Amount 15,359,984.81
Series Participation Interest Default Amount (Sec4.11(a)(iii)) 5,497,523.88
Excess of (i)2.2% of Part Inv Amt over (ii)Series Part Interes 9,862,460.92
Minimum Principal Amount 9,862,460.92
Investor Principal Collections 12,786,801.30
Investor Finance Charge and Admin. Collections (4.11a) 11,022,177.88
Investor Allocated Defaulted Amounts 5,497,523.88
DEPOSIT TRUST CALCULATIONS
Beginning Participation Unpaid Principal Balance 698,181,127.58
Beginning Participation Invested Amount 698,181,127.58
Ending Participation Unpaid Principal Balance 679,896,802.40
Ending Participation Invested Amount 679,896,802.40
Beginning Participation Unpaid Principal Balancex(PRIME-1.50%) 3,936,965.80
Note Interest & Cert Yield Amounts Due Pursuant to Sec3.05 3,302,513.95
Participation Inv Amt x 75bps per annum prior to 4/98, 25bps 145,454.40
Participation Interest Distribution Amount 3,936,965.80
Application of Investor Finance Charges & Administrative Collections:
Investor Finance Charge and Admin. Collections (4.11a) 11,022,177.88
Servicing Fee if HFC is not the Servicer (Sec. 4.11 (a)(i) 0.00
Series Participation Interest Monthly Int (Sec4.11(a)(ii)) 3,936,965.80
Series Participation Interest Default Amt (Sec4.11(a)(iii)) 5,497,523.88
Reimbursed Series Particpation Int Charge-Offs (Sec4.11(a)(i 0.00
Servicing Fee if HFC is the Servicer (Sec. 4.11 (a)(v)) 1,163,635.21
Excess (Sec. 4.11 (a)(vi)) 424,052.98
Reconciliation Check 0.00
Series Participation Interest Monthly Principal 18,284,325.18
Beginning Unreimbursed Participation Interest Charge-Offs 0.00
Series Participation Interest Charge-Offs (Sec. 4.12 (a)) 0.00
Reimbursed Series Particpation Int Charge-Offs (Sec4.11(a)(i 0.00
Ending Unreimbursed Participation Interest Charge-Offs 0.00
Available Investor Principal Collections 18,284,325.18
Participation Interest Distribution Amount 3,936,965.80
Series Participation Interest Charge-Offs 0.00
OWNER TRUST CALCULATIONS
Note Interest & Cert Yield Amounts Due Pursuant to Sec. 3.05 3,302,513.95
Excess Interest 634,451.85
Beginning Net Charge-Offs 0.00
Reversals 0.00
+Available Investor Principal Collections 18,284,325.18
+Series Participation Interest Charge Offs 0.00
+ Lesser of Excess Interest and Carryover Charge Offs 0.00
Optimum Monthly Principal 18,284,325.18
Are the Notes Retired ? 0.00
Accelerated Principal Payment 145,454.40
Beginning Class A-1 Security Balance 461,089,296.36
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 47,637,285.62
Beginning Class A-1 Adjusted Balance 461,089,296.36
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 47,637,285.62
Class A-1 Bal After Paymt pursuant to clause in Sec3.05(a)(ii 442,804,971.18
Class A-2 Bal After Paymt pursuant to clause in Sec3.05(a)(ii 48,000,000.00
Class A-3 Bal After Paymt pursuant to clause in Sec3.05(a)(ii 62,400,000.00
Class B Bal After Paymt pursuant to clause in Sec3.05(a)(ii)( 45,600,000.00
Certificate Bal After Paymt pursuant to clause in Sec3.05(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 6,867,637.60
Scheduled Certificate Payment to Certificate Min Bal Target 26,732,362.40
Class A-1 Targeted Balance 353,546,337.25
Class A-2 Targeted Balance (21,268,953.70)
Class A-3 Targeted Balance 19,117,630.62
Class B Targeted Balance 21,307,826.84
Certificate Targeted Balance 23,300,603.01
Class A-1: Payment Required to get to Target 107,542,959.12
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 Balanc 24,292,173.16
Certificate: Payment Required to get to Target or Min Adj Bal 10,299,396.99
OC: Payment to get to Minimum Overcollateralization Amount 34,037,285.62
Section 3.05 Payment of Principal and Interest; Defaulted Int 0.00
Pay Certificate Yield in step (ii) (1= Yes) 1.00
Remittances on the Participation 22,221,290.98
Interest and Yield
(i) Pay Class A-1 Interest Distribution-Sec3.05(a)(i)(a) 2,295,440.20
Pay Class A-2 Interest Distribution-Sec3.05(a)(i)(b) 244,125.00
Pay Class A-3 Interest Distribution-Sec3.05(a)(i)(c) 322,735.83
Pay Class B Interest Distribution-Sec3.05(a)(i)(d) 247,625.42
Pay Certificates the Certificate Yield-Sec3.05(a)(i)(e)192,587.50
Principal up to Optimum Monthly Principal
(ii) Pay Class A-1 to Targeted Principal Bal-Sec3.05(a)(ii 18,284,325.18
Pay Class A-2 to Targeted Principal Bal-Sec3.05(a)(i 0.00
Pay Class A-3 to Targeted Principal Bal-Sec3.05(a)(i 0.00
Pay Class B to Targeted Principal Bal-Sec3.05(a)(ii) 0.00
ONLY Pay Cert Yield if not paid pursuant to Sec3.05( 0.00
Principal up to Optimal Monthly Principal
(iii) Pay Certificate to Targeted Principal Bal-Sec3.05(a) 0.00
(iv) Pay OC Remaining Optimal Monthly Principal Amt-Sec3.05( 0.00
Principal up to the Accelerated Principal Payment Amount
(v) Pay Class A-1 to Targeted Principal Bal-Sec3.05(a)(v)( 145,454.40
Pay Class A-2 to Targeted Principal Bal-Sec3.05(a)(v 0.00
Pay Class A-3 to Targeted Principal Bal-Sec3.05(a)(v 0.00
Pay Class B to Targeted Principal Bal-Sec3.05(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 Cert Min Bal or zero-Sec3 0.00
Pay HCLC Optimum Monthly Prin provided OC > zero -Sec 0.00
(vii) Remaining Amounts to HCLC - Sec. 3.05 (a)(vii) 488,997.44
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 461,089,296.36
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 47,491,831.22
Beginning Class A-1 Adjusted Balance 461,089,296.36
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 47,491,831.22
Ending Class A-1 Note Security Balance 442,659,516.78
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 47,637,285.62
Ending Class A-1 Adjusted Balance 442,659,516.78
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 47,637,285.62
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 2,295,440.20
Class A-2 Interest Due 244,125.00
Class A-3 Interest Due 322,735.83
Class B Interest Due 247,625.42
Certificate Yield Due 192,587.50
Class A-1 Interest Paid 2,295,440.20
Class A-2 Interest Paid 244,125.00
Class A-3 Interest Paid 322,735.83
Class B Interest Paid 247,625.42
Certificate Yield Paid 192,587.50
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 18,429,779.58
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 145,454.40
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 Amt (Begin of Month 4.813%
Designated Certificate/Certificate Security (Bal Begin of M 1.000%
Designated Certificate - Beginning of Month 336,000.00
Principal Payments in Respect of Designated Cert (Sec3.05( 0.00
Designated Certificate - End of Month 336,000.00
Yield Payments in Respect of Designated Cert (Sec3.05(a)(i) 1,925.88
Designated Certificateholder Accelerated Prin Payments-Begin 6,691,831.22
Accelerated Principal Payment (Sec. 3.05 (v)) 145,454.40
Payments to Holder of Designated Cert in respect to Acc Prin 0.00
Designated Certificateholder Accelerated Prin Payments-Ending 6,837,285.62
Designated Certificateholder Holdback Amount (Begin of Month) 40,800,000.00
Payments to Designated Certificates in Reduction of Holdback Amt ( 0.00
Designated Certificateholder Holdback Amount (End of Month) 40,800,000.00
Remaining Payments to Designated Certificates (Sec. 3.05 para 0.00
Remaining Amounts to Issuer (Sec. 3.05 (vii)) 488,997.44
MONTHLY SECURITY REPORT
HOUSEHOLD CONSUMER LOAN TRUST 1997-1
Ending Pool Principal Balance 3,947,471,354.82
Series 1997-1 Participation Invested Amount 679,896,802.40
Seller Amount 194,553,934.73
Remittances on the Participation 22,221,290.98
Optimum Monthly Principal 18,284,325.18
Accelerated Principal Payment 145,454.40
Beginning Class A-1 Note Security Balance 461,089,296.36
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 47,491,831.22
Beginning Class A-1 Adjusted Balance 461,089,296.36
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 47,491,831.22
Ending Class A-1 Note Security Balance 442,659,516.78
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 47,637,285.62
Ending Class A-1 Adjusted Balance 442,659,516.78
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 47,637,285.62
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 2,295,440.20
Class A-2 Interest Due 244,125.00
Class A-3 Interest Due 322,735.83
Class B Interest Due 247,625.42
Certificate Yield Due 192,587.50
Class A-1 Interest Paid 2,295,440.20
Class A-2 Interest Paid 244,125.00
Class A-3 Interest Paid 322,735.83
Class B Interest Paid 247,625.42
Certificate Yield Paid 192,587.50
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 18,429,779.58
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 145,454.40
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 3.146163
Principal paid per $1,000 Class A-1 25.260115
Interest paid per $1,000 Class A-2 5.085938
Principal paid per $1,000 Class A-2 0.000000
Interest paid per $1,000 Class A-3 5.172049
Principal paid per $1,000 Class A-3 0.000000
Interest paid per $1,000 Class B 5.430382
Principal paid per $1,000 Class B 0.000000
Yield Paid per $1,000 Certificate 5.731771
Principal Paid per $1,000 Certificate 0.000000
<PAGE>
BLOOMBERG SUMMARY
HOUSEHOLD CONSUMER LOAN TRUST 1997-1
Monthly Payment Rate (including charge offs) 4.02%
Monthly Draw Rate 1.40%
Monthly Net Payment Rate 2.62%
Actual Payment Rate 2.62%
Annualized Cash Yield 18.94%
Annualized Gross Losses 9.45%
Annualized Portfolio Yield 9.50%
Weighted Coupon 5.89%
Excess Servicing 3.60%
Ending Overcollateralization Percentage (3 mo avg) 6.81%
Trigger Level 4.25%
Excess Overcollateralization 2.56%
Delinquencies: (Principal/Principal)
30-59 days (Del Stat 1) 5.65%
60-89 days (Del Stat 2) 1.93%
90+ days (Del Stat 3+) 7.20%
Total Participation Balance (ending) 679,896,802.40
