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<CAPTION>
Household Consumer Loan Trust, Series 1997-1
Deposit Trust Calculations
Previous Due Period Ending Jun 30, 2000
Current Due Period Ending Jul 31, 2000
Prior Distribution Date Jul 14, 2000
Distribution Date Aug 14, 2000
<S> <C>
Beginning Trust Principal Receivables 4,026,979,733.81
Average Principal Receivables 4,026,824,274.00
FC&A Collections (Includes Recoveries) 66,617,761.67
Principal Collections 118,986,909.26
Additional Balances 47,476,253.07
Net Principal Collections 71,510,656.19
Defaulted Amount 26,244,559.32
Miscellaneous Payments 0.00
Principal Recoveries 1,254,853.68
Beginning Participation Invested Amount 355,177,246.62
Beginning Participation Unpaid Principal 355,177,246.62
Balance
Ending Participation Invested Amount 346,554,961.18
Ending Participation Unpaid Principal 346,554,961.18
Balance
Accelerated Amortization Date Feb 28, 2002
Is it the Accelerated Amortization Period? 0
0=No
OC Balance as % of Ending Participation 8.521%
Invested Amount (3 month average)
Is it Early Amortization? (No, if 3 month 0
OC Average >or=4.25%)
Investor Finance Charges and Administrative
Collections
Numerator for Floating Allocation 355,177,246.62
Numerator for Fixed Allocation 364,394,158.59
Denominator - Max(Sum of Numerators, 4,026,824,274.00
Principal Receivables)
Applicable Allocation Percentage 8.8203%
Investor FC&A Collections 5,875,874.28
Series Participation Interest Default Amount
Numerator for Floating Allocation 355,177,246.62
Denominator - Max(Sum of Numerators, 4,026,824,274.00
Principal Receivables)
Floating Allocation Percentage 8.8203%
Series Participation Interest Default Amount 2,314,844.08
Principal Allocation Components
Numerator for Floating Allocation 355,177,246.62
Numerator for Fixed Allocation 364,394,158.59
Denominator - Max(Sum of Numerators, 4,026,824,274.00
Principal Receivables)
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Series Participation Interest Monthly
Interest
(a) Series Participation Interest Pass 8.0000%
Through Rate, [Max(b,c)]
(b) Prime Rate minus 1.50% 8.0000%
(c) Rate Sufficient to Cover Interest, Yield 6.1624%
and Accelerated Principal Pmt Amount
(d) Series Participation Interest Unpaid 355,177,246.62
Principal Balance
(e) Actual days in the Interest Period 31
Series Participation Monthly Interest, 2,446,776.59
[a*d*e]
Series Participation Interest Interest 0.00
Shortfall
Previous Series Participation Interest 0.00
Interest Shortfall
Additional Interest 0.00
Series Participation Interest Monthly
Principal
Available Investor Principal Collections, 8,622,285.44
[a+m+n]
(a) Investor Principal Collections, 6,307,441.36
[Max(b,h) or e]
(b) prior to Accelerated Amort. Date or not 6,307,441.36
Early Amort. Period, [c*d]
(c) Floating Allocation Percentage 8.8203%
(d) Net Principal Collections 71,510,656.19
(e) after Accelerated Amort Date or Early 10,767,327.24
Amort Period, [f*g]
(f) Fixed Allocation Percentage 9.0492%
(g) Collections of Principal
118,986,909.26
(h) Minimum Principal Amount, [Min(i,l)] 5,499,055.35
(i) Floating Allocation Percentage of 10,494,980.64
Principal Collections
(j) 2.2% of the Series Participation 7,813,899.43
Interest Invested Amount
(k) Series Participation Interest Net 2,314,844.08
Default Payment Amount
(l) the excess of (j) over (k) 5,499,055.35
(m) Series Participation Interest Net 2,314,844.08
Default Payment Amount
(n) Optional Repurchase Amount (principal 0.00
only) at Sec. 9
Application of Investor Finance Charges and
Admin Collections
Investor Finance Charges and Admin. 5,875,874.28
Collections [Sec. 4.11(a)]
Series Servicing Fee paid if HFC is not the 0.00
Servicer [Sec. 4.11(a)(i)]
plus any unpaid Series Servicing Fee of 0.00
other than HFC
Series Participation Interest Monthly 2,446,776.59
Interest [Sec. 4.11(a)(ii)]
Series Participation Interest Interest 0.00
Shorfall [Sec. 4.11(a)(ii)]
Additional Interest [Sec. 4.11(a)(ii)] 0.00
Series Participation Interest Default Amount 2,314,844.08
[Sec. 4.11(a)(iii)]
Reimbursed Series Participation Interest 0.00
Charge-Offs [Sec. 4.11(a)(iv)]
Servicing Fee Paid [Sec. 4.11(a)(v)] 591,962.08
Excess [Sec. 4.11(a)(vi)] 522,291.53
Series Participation Investor Charge Off 0.00
[Sec. 4.12(a)]
Seller's Interest
1,398,548,232.07
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<TABLE>
Series 1997-1 Owner Trust Calculations
Due Period July 2000
Payment Date Aug 15, 2000
<S> <C>
Optimum Monthly Principal [a+b+c]
(a) Available Investor Principal Collections 8,622,285.44
(b) Series Participation Interest Charge Offs 0.00
(c) Lesser of Excess Interest and Carryover 0.00
Charge offs
Accelerated Principal Payment 73,995.26
Series Participation Interest Monthly Interest 2,446,776.59
Allocation of Optimum Monthly Principal and
Series Part. Interest Monthly Interest
Interest and Yield
Pay Class A-1 Interest Distribution- Sec. 1,004,036.77
3.05(a)(i)(a)
Pay Class A-2 Interest Distribution- Sec. 196,739.83
3.05(a)(i)(b)
Pay Class A-3 Interest Distribution- Sec. 259,481.27
3.05(a)(i)(c)
Pay Class B Interest Distribution- Sec. 197,775.21
3.05(a)(i)(d)
Pay Certificates the Certificate Yield- Sec. 152,738.92
3.05(a)(i)(e)
Principal up to Optimum Monthly Principal Balance
Pay Class A-1 to Targeted Principal Balance- 4,407,672.98
Sec. 3.05(a)(ii)(a)
Pay Class A-2 to Targeted Principal Balance 862,228.54
subject to Min Adj Bal- Sec. 3.05(a)(ii)(b)
Pay Class A-3 to Targeted Principal Balance 1,120,897.11
subject to Min Adj Bal- Sec. 3.05(a)(ii)(c)
Pay Class B to Targeted Principal Balance 819,117.11
subject to Min Adj Bal- Sec. 3.05(a)(ii)(d)
Pay Certificate Yield if not paid pursuant to 0.00
Sec. 3.05 (a)(i)(e)
Principal up to Optimal Monthly Principal
Pay Certificate to Targeted Principal Balance 603,559.99
subject to Min Adj Bal- Sec. 3.05(a)(iii)
Pay OC Remaining Optimal Monthly Prin Amt 808,809.71
subject to OC Min Bal- Sec. 3.05(a)(iv)
Principal up to Accelerated Principal Payment
Amout
Pay Class A-1 to Targeted Principal Balance 0.00
subject to Min Adj Bal- Sec. 3.05(a)(v)(a)
Pay Class A-2 to Targeted Principal Balance 0.00
subject to Min Adj Bal- Sec. 3.05(a)(v)(b)
Pay Class A-3 to Targeted Principal Balance 0.00
subject to Min Adj Bal- Sec. 3.05(a)(v)(c)
Pay Class B to Targeted Principal Balance 0.00
subject to Min Adj Bal- Sec. 3.05(a)(v)(d)
Pay Class A-1 to zero- Sec. 3.05(a)(v)(e) 73,995.26
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
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 Minimum 0.00
Balance or zero- Sec. 3.05(a)(vi)(e)
Pay HCLC Optimum Monthly Principal provided OC 0.00
>0- Sec. 3.05(a)(vi)(f)
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Remaining Amounts to Holder of Designated 562,009.33
Certificate - Sec. 3.05(a)(vii)
Allocations of Distributions to
Overcollateralization Amount
Available Distributions
Pay OC Remaining Optimal Monthly Prin Amt 808,809.71
subject to OC Min Bal- Sec. 3.05(a)(iv)
Pay HCLC Optimum Monthly Principal provided 0.00
OC >0- Sec. 3.05(a)(vi)
To Designated Certificate Holder up to total 73,995.26
Accelerated Principal Payments
To Designated Certificate Holder up to Holdback 734,814.45
Amount
To HCLC any remaining amounts 0.00
Principal paid to the Designated Certificate 6,035.60
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Household Consumer Loan Trust, 1997-1
Series 1997-1
Owner Trust Calculations
Due Period Ending Jul 31, 2000
Payment Date Aug 15, 2000
Calculation of Interest Expense
Index (LIBOR) 6.626250%
Accrual end date Aug 15,2000
accrual beginning date Jul 17, 2000
and days in Interest Period 29
<S> <C> <C> <C> <C> <C> <C>
Class A-1 Class A-2 Class A-3 Class B Certificates Overcoll
Amount
Beginning 184,616,253 35,517,725 46,173,042 33,741,838 24,862,407 30,265,981
Unpaid
Principal
Balance
Previously 0.00 0.00 0.00 0.00 0.00
unpaid
interest/yield
Spread to index 0.125% 0.250% 0.350% 0.650% 1.000%
Rate (capped at 6.751250% 6.876250% 6.976250% 7.276250% 7.626250%
12.5%, 14%,
14%, 14%, 15%)
Interest/Yield 1,004,037 196,740 259,481 197,775 152,739
Payable on the
Principal
Balance
Interest on 0 0 0 0 0
previously
unpaid
interest/yield
Interest/Yield 1,004,037 196,740 259,481 197,775 152,739
Due
Interest/Yield 1,004,037 196,740 259,481 197,775 152,739
Paid
Summary
Beginning 184,616,253 35,517,725 46,173,042 33,741,838 24,862,407 30,265,981
Security
Balance
Beginning 184,616,253 35,517,725 46,173,042 33,741,838 24,862,407
Adjusted
Balance
Principal Paid 4,481,668 862,229 1,120,897 819,117 603,560 808,810
Ending 180,134,585 34,655,496 45,052,145 32,922,721 24,258,847 29,531,167
Security Balance
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Ending 180,134,585 34,655,496 45,052,145 32,922,721 24,258,847
Adjusted Balance
Ending 0
Certificate
Balance as %
Participation
Interest
Invested Amount
Targeted 180,208,580 34,655,496 45,052,145 32,922,721 24,258,847
Balance
Minimum 16,000,000 20,800,000 15,200,000 11,200,000 13,600,000
Adjusted
Balance
Certificate 3,500,552
Minimum Balance
Ending OC 21,221,535
Amount as
Holdback Amount
Ending OC 8,309,632
Amount as
Accelerated
Prin Pmts
Beginning Net 0.00 0.00 0.00 0.00 0.00 0.00
Charge offs
Reversals 0.00 0.00 0.00 0.00 0.00 0.00
Charge offs 0.00 0.00 0.00 0.00 0.00 0.00
Ending Net 0.00 0.00 0.00 0.00 0.00 0.00
Charge Offs
Interest/Yield $1.3761469 $4.0987465 $4.1583537 $4.3371757 $4.5458012
Paid per $1000
Principal Paid 6.1426374 17.9630946 17.9630947 17.9630945 17.9630949
per $1000
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