HOUSEHOLD CONSUMER LOAN TRUST 1997-1
8-K, 1998-04-27
ASSET-BACKED SECURITIES
Previous: AMERICA WEST HOLDINGS CORP, DEF 14A, 1998-04-27
Next: GULFMARK OFFSHORE INC, 8-K/A, 1998-04-27



                            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:  April 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 April 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 April 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 April 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:    April 27, 1998
          ----------------------


                             - 2 - <PAGE>




                               EXHIBIT INDEX

Exhibit
Number    Exhibit                                              Page
- -------   -------                                              ----
                                                                  
                                                                5 

99

Statement to Series 1997-1 Participants with respect to the
distribution on April 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 April 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 April 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                          30
Due Period                                                     01-Mar-98
Distribution Date                                              14-Apr-98
Payment Date                                                   15-Apr-98
*** Trust Portfolio Summary ***
Annualized Cash Yield                                          18.98%
Annualized Gross Losses                                        -8.34%
Annualized Portfolio Yield                                  10.64%
Contractual Delinquency Status of Credit Lines:    (Principal / Principal)
     30 -   59 days  ($)                                    214168844.37
     30 -   59 days (%)                                     5.30%
     60 -   89 days ($)                                     79503652.19
     60 -   89 days (%)                                     1.97%
     90 - 119 days ($)                                      52037234.87
     90 - 119 days (%)                                      1.29%
   120 - 149 days ($)                                       44464698.7
   120 - 149 days (%)                                       1.10%
   150 - 179 days ($)                                       40472882.35
   150 - 179 days (%)                                       1.00%
   180 - 209 days ($)                                       40363218.85
   180 - 209 days (%)                                       1.00%
   210 - 239 days ($)                                       36920374.25
   210 - 239 days (%)                                       0.91%
   240 - 269 days ($)                                       34283268.66
   240 - 269 days (%)                                       0.85%
   270 - 299 days ($)                                       33661992
   270 - 299 days (%)                                       0.83%
            300+ days  ($)                                  5445568.07
            300+ days (%)                                   0.13%
Additional Balances on Existing Credit Lines (draws-prin only)49,138,951.67
Principal Collections                                         119,969,234.55
Defaulted Receivables                                         28,769,674.72
Finance Charge  & Administrative Collections                  64,141,880.79
Recoveries                                                    1,316,802.00
Average Principal Balance                                     4,139,038,941.67
Personal Homeowner Lines as % of Total Principal              29.90%
<PAGE>
Household Finance Corporation
Household Consumer Loan Corporation
Household Consumer Loan Trust Series 1997-1

No. of PMTs Since Issuance:                                                 13
Distribution Date:                                                   14-Apr-98
Payment Date:                                                        15-Apr-98
Collection Period Beginning:                                         01-Mar-98
Collection Period Ending:                                            31-Mar-98
Note and Certificate Accrual Beginning:                              16-Mar-98
Note and Certificate Accrual Ending:                                 15-Apr-98

PAYMENT CALCULATIONS:
OC Balance as % of Beginning Participation Invested Amount               6.43%
OC Balance as % of Ending Participation Invested Amount                  6.61%
OC Balance as % of Ending Participation Invested Amount (3 month avg     6.22%
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                                                       734,105,774.00
Denominator - Component (x)-Aggregate Receivables & Part Int  4,139,038,941.67
Denominator - Component (y) - Aggregate Numerators            4,049,933,184.08
Applicable Interest Allocation Percentage                               17.74%
Principal Allocation Percentage Calculation:
Numerator                                                       734,105,774.00
Denominator - Component (x)-Aggregate Receivables & Part Int  4,139,038,941.67
Denominator - Component (y) - Aggregate Numerators            3,856,384,796.98
Applicable Principal Allocation Percentage                              17.74%
Default Allocation Percentage Calculation:
Numerator                                                       734,105,774.00
Denominator - Component (x)-Aggregate Receivables & Part Int  4,139,038,941.67
Denominator - Component (y) - Aggregate Numerators            4,049,933,184.08
Default Allocation Percentage (Floating Allocation Percentage)          17.74%
Minimum Principal Amount Calculation:
2.2% of Participation Invested Amount                            16,150,327.03
Series Participation Interest Default Amount (Sec.4.11(a)(iii))   5,102,630.01
Excess of (i) 2.2% of Part. Inv. Amt.  over (ii) Series Part Int 11,047,697.02
Minimum Principal Amount                                         11,047,697.02
Investor Principal Collections                                   12,562,558.69
Investor Finance Charge and Admin. Collections (4.11a)           11,609,844.14
Investor Allocated Defaulted Amounts                              5,102,630.01
DEPOSIT TRUST CALCULATIONS
Beginning Participation Unpaid Principal Balance                734,105,774.00
Beginning Participation Invested Amount                         734,105,774.00
Ending Participation Unpaid Principal Balance                   716,440,585.29
Ending Participation Invested Amount                            716,440,585.29
Beginning Participation Unpaid Principal Balance x (PRIME-1.50%)  4,567,769.26
Note Interest & Cert Yield Amounts Due Pursuant to Sec.3.05       3,388,400.05
Participation Invested Amt x 75bps per annum prior to 4/98, 25bps   152,938.70
Participation Interest Distribution Amount                        4,567,769.26
Application of Investor Finance Charges & Administrative Collections:
Investor Finance Charge and Admin. Collections (4.11a)           11,609,844.14
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))  4,567,769.26
Series Participation Interest Default Amount (Sec.4.11(a)(iii))   5,102,630.01
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))           1,223,509.63
Excess (Sec. 4.11 (a)(vi))                                          715,935.23
Reconciliation Check                                                      0.00
Series Participation Interest Monthly Principal                  17,665,188.71
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                         17,665,188.71
Participation Interest Distribution Amount                        4,567,769.26
Series Participation Interest Charge-Offs                                 0.00
OWNER TRUST CALCULATIONS                                                       
Note Interest & Cert Yield Amounts Due Pursuant to Sec.3.05       3,388,400.05
Excess Interest                                                   1,179,369.21
Beginning Net Charge-Offs                                                 0.00
Reversals                                                                 0.00
+Available Investor Principal Collections                        17,665,188.71
+Series Participation Interest Charge Offs                                0.00
+ Lesser of Excess Interest and Carryover Charge Offs                     0.00
Optimum Monthly Principal                                        17,665,188.71
Are the Notes Retired ?                                                   0.00
Accelerated Principal Payment                                       152,938.70
Beginning Class A-1 Security Balance                            497,316,139.94
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                  47,342,572.76
Beginning Class A-1 Adjusted Balance                            497,316,139.94
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                  47,342,572.76
Class A-1 Bal After Paymt pursuant to clause in Sec3.05(a)(ii   479,650,951.23
Class A-2 Bal After Paymt pursuant to clause in Sec 3.05 (a)(ii  48,000,000.00
Class A-3 Bal After Paymt pursuant to clause in Sec 3.05 (a)(ii  62,400,000.00
Class B Bal After Paymt pursuant to clause in Sec 3.05 (a)(ii)(  45,600,000.00
Certificate Bal After Paymt 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                                7,236,766.35
Scheduled Certificate Payment to Certificate Minimum Bal Target  26,363,233.65
Class A-1 Targeted Balance                                      372,549,104.35
Class A-2 Targeted Balance                                     (35,457,788.35)
Class A-3 Targeted Balance                                        9,679,487.74
Class B Targeted Balance                                         15,341,343.34
Certificate Targeted Balance                                     19,892,184.31
Class A-1:  Payment Required to get to Target                   124,767,035.59
Class A-2:  Payment Required to get to Target or Minimum Adj Bal 32,000,000.00
Class A-3:  Payment Required to get to Target or Minimum Adj Bal 41,600,000.00
Class B: Payment Required to get to Target or Minimum Adj Bal    30,258,656.66
Certificate: Payment Required to get to Target or Min Adj Bal    13,707,815.69
OC: Payment to get to Minimum Overcollateralization Amount       33,742,572.76
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                                 22,232,957.97
Interest and Yield
(i) Pay Class A-1 Interest Distribution - Sec. 3.05 (a)(i)(a)     2,408,875.05
    Pay Class A-2 Interest Distribution - Sec. 3.05 (a)(i)(b)       237,500.00
    Pay Class A-3 Interest Distribution - Sec. 3.05 (a)(i)(c)       313,950.00
    Pay Class B Interest Distribution - Sec. 3.05 (a)(i)(d)         240,825.00
    Pay Certificates the Certificate Yield - Sec. 3.05 (a)(i)(e)    187,250.00
Principal up to Optimum Monthly Principal
(ii)Pay Class A-1 to Targeted Principal Bal - Sec. 3.05 (a)(ii   17,665,188.71
    Pay Class A-2 to Targeted Principal Bal - Sec. 3.05 (a)(i             0.00
    Pay Class A-3 to Targeted Principal Bal - Sec. 3.05 (a)(i             0.00
    Pay Class B to Targeted Principal Bal - 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 Bal - Sec.3.05 (a)(v)(     152,938.70
     Pay Class A-2 to Targeted Principal Bal - 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)             1,026,430.50
Total Reconciliation Check                        (shou                   0.00
Accelerated Principal Reconciliation                  (should equal $     0.00
Optimum Monthly Principal Reconciliation        (should equal charge-     0.00
BOND SUMMARY:
Beginning Class A-1 Note Security Balance                       497,316,139.94
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                           47,189,634.06
Beginning Class A-1 Adjusted Balance                            497,316,139.94
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                           47,189,634.06
Ending Class A-1 Note Security Balance                          479,498,012.53
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                              47,342,572.76
Ending Class A-1 Adjusted Balance                               479,498,012.53
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                              47,342,572.76
Class A-1 Note Rate Capped at 12.5%                                  5.812500%
Class A-2 Note Rate Capped at 14.0%                                  5.937500%
Class A-3 Note Rate Capped at 14.0%                                  6.037500%
Class B    Note Rate Capped at 14.0%                                 6.337500%
Certificate Rate Capped at 15.0%                                     6.687500%
Class A-1 Interest Due                                            2,408,875.05
Class A-2 Interest Due                                              237,500.00
Class A-3 Interest Due                                              313,950.00
Class B Interest Due                                                240,825.00
Certificate Yield  Due                                              187,250.00
Class A-1 Interest Paid                                           2,408,875.05
Class A-2 Interest Paid                                             237,500.00
Class A-3 Interest Paid                                             313,950.00
Class B Interest Paid                                               240,825.00
Certificate Yield Paid                                              187,250.00
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                                         17,818,127.41
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       152,938.70
 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       4.577%
Designated Certificate / Certificate Security (Balance Begin 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) 1,872.50
Designated Certificateholder Accelerated Principal Payments-Begin 6,389,634.06
Accelerated Principal Payment (Sec. 3.05 (v))                       152,938.70
Payments to Holder of Designated Certificate in respect to Acc Prin       0.00
Designated Certificateholder Accelerated Principal Paymts-Ending  6,542,572.76
Designated Certificateholder Holdback Amount (Begin 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))                     1,026,430.50
MONTHLY SECURITY  REPORT
HOUSEHOLD CONSUMER LOAN TRUST 1997-1
Ending Pool Principal Balance                                 4,039,605,630.73
Series 1997-1 Participation Invested Amount                    716,440,585.29
Seller Amount                                                    84,831,574.75
Remittances on the Participation                                 22,232,957.97
Optimum Monthly Principal                                        17,665,188.71
Accelerated Principal Payment                                       152,938.70
Beginning Class A-1 Note Security Balance                       497,316,139.94
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                           47,189,634.06
Beginning Class A-1 Adjusted Balance                            497,316,139.94
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                           47,189,634.06
Ending Class A-1 Note Security Balance                          479,498,012.53
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                              47,342,572.76
Ending Class A-1 Adjusted Balance                               479,498,012.53
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                              47,342,572.76
Class A-1 Note Rate Capped at 12.5%                                  5.812500%
Class A-2 Note Rate Capped at 14.0%                                  5.937500%
Class A-3 Note Rate Capped at 14.0%                                  6.037500%
Class B    Note Rate Capped at 14.0%                                 6.337500%
Certificate Rate Capped at 15.0%                                     6.687500%
Class A-1 Interest Due                                            2,408,875.05
Class A-2 Interest Due                                              237,500.00
Class A-3 Interest Due                                              313,950.00
Class B Interest Due                                                240,825.00
Certificate Yield  Due                                              187,250.00
Class A-1 Interest Paid                                           2,408,875.05
Class A-2 Interest Paid                                             237,500.00
Class A-3 Interest Paid                                             313,950.00
Class B Interest Paid                                               240,825.00
Certificate Yield Paid                                              187,250.00
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                                         17,818,127.41
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       152,938.70
 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                                    3.301638
Principal paid per $1,000 Class A-1                                  24.421776
Interest paid per $1,000 Class A-2                                    4.947917
Principal paid per $1,000 Class A-2                                   0.000000
Interest paid per $1,000 Class A-3                                    5.031250
Principal paid per $1,000 Class A-3                                   0.000000
Interest paid per $1,000 Class B                                      5.281250
Principal paid per $1,000 Class B                                     0.000000
Yield Paid per $1,000 Certificate                                     5.572917
Principal Paid per $1,000 Certificate                                 0.000000
<PAGE>
BLOOMBERG SUMMARY

HOUSEHOLD CONSUMER LOAN TRUST 1997-1
Distribution Date                                                    15-Apr-98
Due Period                                                              Mar-98
Monthly Payment Rate (including charge offs)                             3.59%
Monthly Draw Rate                                                        1.19%
Monthly Net Payment Rate                                                 2.41%
Actual Payment Rate                                                      2.41%
Annualized Cash Yield                                                   18.98%
Annualized Gross Losses                                                  8.34%
Annualized Portfolio Yield                                              10.64%
Weighted Coupon                                                          5.92%
Excess Servicing                                                         4.72%
Ending Overcollateralization Percentage (3 mo avg)                       6.42%
Trigger Level                                                            4.25%
Excess Overcollateralization                                             2.17%
Delinquencies:                                       (Principal/Principal)
      30-59 days (Del Stat 1)                                            5.30%
      60-89 days (Del Stat 2)                                            1.97%
      90+ days (Del Stat 3+)                                             7.12%
Total Participation Balance (ending)                            716,440,585.29



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission