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Previous: UNION COMMUNITY BANCORP, SC 13G, 1998-01-27 |
Next: HARRIS PREFERRED CAPITAL CORP, S-11/A, 1998-01-27 |
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: January 14, 1998
HOUSEHOLD CONSUMER LOAN TRUST 1997-2
------------------------------------
(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 333-36405-02 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 1997-2 Participants with respect to the
distribution on January 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 1997-2 Supplement to the
Pooling and Servicing Agreement, (b) Noteholders with respect
to the Payment Date on January 15, 1998 as provided for under
Section 3.23 of the Indenture dated as of November 1, 1997
between Household Consumer Loan Trust 1997-2 and The Bank of
New York, as Indenture Trustee, and (c) Certificateholders
with respect to the Payment Date on January 15, 1998 as
provided for under Section 5.04 of the Trust Agreement dated
as of November 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 1997-2
----------------------------------------
(Registrant)
By: /s/ J. W. Blenke
-----------------------------------
J. W. Blenke
Authorized Representative
Dated: January 26, 1998
----------------------
- 2 - <PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
- ------- ------- ----
5
99 Statement to Series 1997-2 Participants with respect to the
distribution on January 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 1997-2 Supplement to the
Pooling and Servicing Agreement, (b) Noteholders with respect
to the Payment Date on January 15, 1998 as provided for under
Section 3.23 of the Indenture dated as of November 1, 1997
between Household Consumer Loan Trust 1997-2 and The Bank of
New York, as Indenture Trustee, and (c) Certificateholders
with respect to the Payment Date on January 15, 1998 as
provided for under Section 5.04 of the Trust Agreement dated
as of November 1, 1997 between Household Consumer Loan
Corporation and The Chase Manhattan Bank Delaware, as Owner
Trustee.
U:\WP\HFS088\8K\HCLT97-2.8K
- 3 -
HOUSEHOLD CONSUMER LOAN DEPOSIT TRUST
COLLATERAL REPORT
Number of Due Periods Since Inception
27
Due Period
01-Dec-97
Distribution Date
14-Jan-98
Payment Date
15-Jan-98
*** Trust Portfolio Summary ***
Annualized Cash Yield
19.99%
Annualized Gross Losses
-8.28%
Annualized Portfolio Yield
11.71%
Contractual Delinquency Status of Credit Lines: (Principal / Principal)
30 - 59 days ($)
195993369.79
30 - 59 days (%)
5.06%
60 - 89 days ($)
78976117.18
60 - 89 days (%)
2.04%
90 - 119 days ($)
54655000.6
90 - 119 days (%)
1.41%
120 - 149 days ($)
44425450.28
120 - 149 days (%)
1.15%
150 - 179 days ($)
39205645.16
150 - 179 days (%)
1.01%
180 - 209 days ($)
37339095.25
180 - 209 days (%)
0.96%
210 - 239 days ($)
32366048.44
210 - 239 days (%)
0.84%
240 - 269 days ($)
31408543.4
240 - 269 days (%)
0.81%
270 - 299 days ($)
29000196.34
270 - 299 days (%)
0.75%
300+ days ($)
4569557.72
300+ days (%)
0.12%
Additional Balances on Existing Credit Lines (draws - principal only)
61,039,506.90
Principal Collections
108,817,284.88
Defaulted Receivables
27,286,943.58
Finance Charge & Administrative Collections
63,764,521.21
Recoveries
2,113,611.00
Average Principal Balance
3,953,910,638.68
Personal Homeowner Lines as % of Total Principal
29.00%
<PAGE>
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD CONSUMER LOAN CORPORATION
HOUSEHOLD CONSUMER LOAN TRUST SERIES 1997-2
No. of PMTs Since Issuance:
2
Distribution Date:
01/14/98
Payment Date:
01/15/98
Collection Period Beginning:
12/01/97
Collection Period Ending:
12/31/97
Note and Certificate Accrual Beginning:
12/15/97
Note and Certificate Accrual Ending:
01/15/98
Number of Days in the Accrual Period
PAYMENT CALCULATIONS:
OC Balance as % of Beginning Participation Invested Amount
4.4872%
OC Balance as % of Ending Participation Invested Amount
4.7304%
OC Balance as % of Ending Participation Invested Amount (3 month avern/a
Does Early Amortization Start Based on OC/Part. Invstd. Amt. Test
0
Is the MAP Over?
0
Is this the Early Amortization Period?
0
Interest Allocation Percentage Calculation:
Numerator
1,170,000,000.00
Denominator - Component (x) - Aggregate Receivables & Partc. Interest
3,953,910,638.68
Denominator - Component (y) - Aggregate Numerators
3,906,046,673.66
Applicable Interest Allocation Percentage
29.59%
Principal Allocation Percentage Calculation:
Numerator
1,170,000,000.00
Denominator - Component (x) - Aggregate Receivables & Partc. Interest
3,953,910,638.68
Denominator - Component (y) - Aggregate Numerators
3,906,046,673.66
Applicable Principal Allocation Percentage
29.59%
Default Allocation Percentage Calculation:
Numerator
1,170,000,000.00
Denominator - Component (x) - Aggregate Receivables & Partc. Interest
3,953,910,638.68
Denominator - Component (y) - Aggregate Numerators
3,906,046,673.66
Default Allocation Percentage (Floating Allocation Percentage)
29.59%
Minimum Principal Amount Calculation:
2.5% or 2.2% of Participation Invested Amount
$29,250,000.00
Series Participation Interest Default Amount (Sec. 4.11 (a)(iii))
$8,074,467.76
Excess of (i) 2.5% or 2.2% of Part. Inv. Amt. over (ii) Series Part.
$21,175,532.24
Minimum Principal Amount
$21,175,532.24
Investor Principal Collections
$21,175,532.24
Investor Finance Charge and Admin. Collections (4.11a)
$19,493,969.83
Investor Allocated Defaulted Amounts
$8,074,467.76
DEPOSIT TRUST CALCULATIONS
Beginning Participation Unpaid Principal Balance
1,170,000,000.00
Beginning Participation Invested Amount
1,170,000,000.00 Ending Participation Unpaid Principal Balance
1,140,750,000.00
Ending Participation Invested Amount
1,140,750,000.00
Beginning Participation Unpaid Principal Balance x (PRIME-1.50%)
$7,507,500.00
Note Interest and Certificate Yield Amounts Due Pursuant to Sec. 3.05
$6,002,491.44
Participation Invested Amount x 150bps per annum prior to 12/98, 25bp
$1,462,500.00
Participation Interest Distribution Amount
$7,507,500.00
Application of Investor Finance Charges & Administrative Collections:
Investor Finance Charge and Admin. Collections (4.11a)
$19,493,969.83
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))
$7,507,500.00
Series Participation Interest Default Amount (Sec. 4.11 (a)(iii))
$8,074,467.76
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))
$1,950,000.00
Excess (Sec. 4.11 (a)(vi))
$1,962,002.06
Reconciliation Check
$0.00
Series Participation Interest Monthly Principal
$29,250,000.00
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
$29,250,000.00
Participation Interest Distribution Amount
$7,507,500.00
Series Participation Interest Charge-Offs
$0.00
OWNER TRUST CALCULATIONS
Note Interest and Certificate Yield Amounts Due Pursuant to Sec. 3.05
$6,002,491.44
Excess Interest
$1,505,008.56
Beginning Net Charge-Offs
$0.00
Reversals
$0.00
+Available Investor Principal Collections
$29,250,000.00
+Series Participation Interest Charge Offs
$0.00
+ Lesser of Excess Interest and Carryover Charge Offs
$0.00
Optimum Monthly Principal
$29,250,000.00
Are the Notes Retired ?
$0.00
Accelerated Principal Payment
$1,462,500.00
Beginning Class A-1 Security Balance
$880,500,000.00
Beginning Class A-2 Security Balance
$48,000,000.00
Beginning Class A-3 Security Balance
$90,000,000.00
Beginning Class B Security Balance
$57,000,000.00
Beginning Certificate Security Balance
$42,000,000.00
Beginning Overcollateralization Amount plus APP
$53,962,500.00
Beginning Class A-1 Adjusted Balance
$880,500,000.00
Beginning Class A-2 Adjusted Balance
$48,000,000.00
Beginning Class A-3 Adjusted Balance
$90,000,000.00
Beginning Class B Adjusted Balance
$57,000,000.00
Beginning Certficate Adjusted Balance
$42,000,000.00
Beginning Overcollateralization Amount plus APP
$53,962,500.00
Class A-1 Balance After Payment pursuant to clause in Sec 3.05 (a)(ii
$851,250,000.00
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
$90,000,000.00
Class B Balance After Payment pursuant to clause in Sec 3.05 (a)(ii)(
$57,000,000.00
Certificate Balance After Payment pursuant to clause in Sec. 3.05(a)(
$42,000,000.00
Class A-2 Minimum Adjusted Principal Balance
$16,000,000.00
Class A-3 Minimum Adjusted Principal Balance
$30,000,000.00
Class B Minimum Adjusted Principal Balance
$19,000,000.00
Certificate Minimum Adjusted Principal Balance
$14,000,000.00
Minimum Overcollateralization Amount
$17,000,000.00
Certificate Minimum Balance Target
$11,522,715.75
Scheduled Certificate Payment to Certificate Minimum Balance Target
$30,477,284.25
Class A-1 Targeted Balance
$593,190,000.00
Class A-2 Targeted Balance
($132,577,500.00)
Class A-3 Targeted Balance
($32,280,000.00)
Class B Targeted Balance
($25,316,250.00)
Certificate Targeted Balance
($2,463,750.00)
Class A-1: Payment Required to get to Target
$287,310,000.00
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
$60,000,000.00
Class B: Payment Required to get to Target or Minimum Adjusted Balanc
$38,000,000.00
Certificate: Payment Required to get to Target or Minimum Adjusted Ba
$28,000,000.00
OC: Payment to get to Minimum Overcollateralization Amount
$36,962,500.00
Section 3.05 Payment of Principal and Interest; Defaulted Interest
Pay Certificate Yield in step (ii) (1= Yes)
1
Remittances on the Participation
$36,757,500.00
Interest and Yield
(i) Pay Class A-1 Interest Distribution - Sec. 3.05 (a)(i)(a)
$4,670,919.69
Pay Class A-2 Interest Distribution - Sec. 3.05 (a)(i)(b)
$259,179.43
Pay Class A-3 Interest Distribution - Sec. 3.05 (a)(i)(c)
$494,486.43
Pay Class B Interest Distribution - Sec. 3.05 (a)(i)(d)
$325,445.57
Pay Certificates the Certificate Yield - Sec. 3.05 (a)(i)(e)
$252,460.33
Principal up to Optimum Monthly Principal
(ii) Pay Class A-1 to Targeted Principal Balance - Sec. 3.05 (a)(ii
$29,250,000.00
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)(
$1,462,500.00
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)
$42,508.56
Total Reconciliation Check
$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
$880,500,000.00
Beginning Class A-2 Note Security Balance
$48,000,000.00
Beginning Class A-3 Note Security Balance
$90,000,000.00
Beginning Class B Note Security Balance
$57,000,000.00
Beginning Certificate Security Balance
$42,000,000.00
Beginning Overcollateralization Amount
$52,500,000.00
Beginning Class A-1 Adjusted Balance
$880,500,000.00
Beginning Class A-2 Adjusted Balance
$48,000,000.00
Beginning Class A-3 Adjusted Balance
$90,000,000.00
Beginning Class B Adjusted Balance
$57,000,000.00
Beginning Certficate Adjusted Balance
$42,000,000.00
Beginning Overcollateralization Amount
$52,500,000.00
Ending Class A-1 Note Security Balance
$849,787,500.00
Ending Class A-2 Note Security Balance
$48,000,000.00
Ending Class A-3 Note Security Balance
$90,000,000.00
Ending Class B Note Security Balance
$57,000,000.00
Ending Certificate Security Balance
$42,000,000.00
Ending Overcollateralization Amount
$53,962,500.00
Ending Class A-1 Adjusted Balance
$849,787,500.00
Ending Class A-2 Adjusted Balance
$48,000,000.00
Ending Class A-3 Adjusted Balance
$90,000,000.00
Ending Class B Adjusted Balance
$57,000,000.00
Ending Certficate Adjusted Balance
$42,000,000.00
Ending Overcollateralization Amount
$53,962,500.00
Class A-1 Note Rate Capped at 12.5%
6.160470%
Class A-2 Note Rate Capped at 14.0%
6.270470%
Class A-3 Note Rate Capped at 14.0%
6.380470%
Class B Note Rate Capped at 14.0%
6.630470%
Certificate Rate Capped at 15.0%
6.980470%
Class A-1 Interest Due
$4,670,919.69
Class A-2 Interest Due
$259,179.43
Class A-3 Interest Due
$494,486.43
Class B Interest Due
$325,445.57
Certificate Yield Due
$252,460.33
Class A-1 Interest Paid
$4,670,919.69
Class A-2 Interest Paid
$259,179.43
Class A-3 Interest Paid
$494,486.43
Class B Interest Paid
$325,445.57
Certificate Yield Paid
$252,460.33
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
$30,712,500.00
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
$1,462,500.00
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
3.5897%
Designated Certificate / Certificate Security (Balance Beginning of Month)
Designated Certificate - Beginning of Month
$420,000.00
Principal Payments in Respect of Designated Certificate (Sec. 3.05 (
$0.00
Designated Certificate - End of Month
$420,000.00
Yield Payments in Respect of Designated Certificate (Sec. 3.05 (a)(i)
$2,524.60
Designated Certificateholder Accelerated Principal Payments - Beginni
$1,500,000.00
Accelerated Principal Payment (Sec. 3.05 (v))
$1,462,500.00
Payments to Holder of Designated Certificate in respect to Acc. Prin.
$0.00
Designated Certificateholder Accelerated Principal Payments - Ending
$2,962,500.00
Designated Certificateholder Holdback Amount (Beginning of Month)
$51,000,000.00
Payments to Designated Certificates in Reduction of Holdback Amount (
$0.00
Designated Certificateholder Holdback Amount (End of Month)
$51,000,000.00
Remaining Payments to Designated Certificates (Sec. 3.05 paragraph fo
$0.00
Remaining Amounts to Issuer (Sec. 3.05 (vii))
$42,508.56
MONTHLY SECURITY REPORT
HOUSEHOLD CONSUMER LOAN TRUST 1997-2
Distribution Date
01/14/98
Payment Date:
01/15/98
Collection Period Beginning
12/01/97
Collection Period Ending:
12/31/97
Note and Certificate Accrual Beginning:
12/15/97
Note and Certificate Accrual Ending:
01/15/98
Ending Pool Principal Balance
3,874,809,807.35
Series 1997-1 Participation Invested Amount
1,140,750,000.00
Seller Amount
$52,326,081.22
Remittances on the Participation
$36,757,500.00
Optimum Monthly Principal
$29,250,000.00
Accelerated Principal Payment
$1,462,500.00
Beginning Class A-1 Note Security Balance
$880,500,000.00
Beginning Class A-2 Note Security Balance
$48,000,000.00
Beginning Class A-3 Note Security Balance
$90,000,000.00
Beginning Class B Note Security Balance
$57,000,000.00
Beginning Certificate Security Balance
$42,000,000.00
Beginning Overcollateralization Amount
$52,500,000.00
Beginning Class A-1 Adjusted Balance
$880,500,000.00
Beginning Class A-2 Adjusted Balance
$48,000,000.00
Beginning Class A-3 Adjusted Balance
$90,000,000.00
Beginning Class B Adjusted Balance
$57,000,000.00
Beginning Certificate Adjusted Balance
$42,000,000.00
Beginning Overcollateralization Amount
$52,500,000.00
Ending Class A-1 Note Security Balance
$849,787,500.00
Ending Class A-2 Note Security Balance
$48,000,000.00
Ending Class A-3 Note Security Balance
$90,000,000.00
Ending Class B Note Security Balance
$57,000,000.00
Ending Certificate Security Balance
$42,000,000.00
Ending Overcollateralization Amount
$53,962,500.00
Ending Class A-1 Adjusted Balance
$849,787,500.00
Ending Class A-2 Adjusted Balance
$48,000,000.00
Ending Class A-3 Adjusted Balance
$90,000,000.00
Ending Class B Adjusted Balance
$57,000,000.00
Ending Certificate Adjusted Balance
$42,000,000.00
Ending Overcollateralization Amount
$53,962,500.00
Class A-1 Note Rate Capped at 12.5%
6.1604700%
Class A-2 Note Rate Capped at 14.0%
6.2704700%
Class A-3 Note Rate Capped at 14.0%
6.3804700%
Class B Note Rate Capped at 14.0%
6.6304700%
Certificate Rate Capped at 15.0%
6.9804700%
Class A-1 Interest Due
$4,670,919.69
Class A-2 Interest Due
$259,179.43
Class A-3 Interest Due
$494,486.43
Class B Interest Due
$325,445.57
Certificate Yield Due
$252,460.33
Class A-1 Interest Paid
$4,670,919.69
Class A-2 Interest Paid
$259,179.43
Class A-3 Interest Paid
$494,486.43
Class B Interest Paid
$325,445.57
Certificate Yield Paid
$252,460.33
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
$30,712,500.00
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
$1,462,500.00
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
$5.121622
Principal paid per $1,000 Class A-1
$33.675987
Interest paid per $1,000 Class A-2
$5.399571
Principal paid per $1,000 Class A-2
$0.000000
Interest paid per $1,000 Class A-3
$5.494294
Principal paid per $1,000 Class A-3
$0.000000
Interest paid per $1,000 Class B
$5.709571
Principal paid per $1,000 Class B
$0.000000
Yield Paid per $1,000 Certificate
$6.010960
Principal Paid per $1,000 Certificate
$0.000000
<PAGE>
BLOOMBERG SUMMARY
HOUSEHOLD CONSUMER LOAN TRUST 1997-2
Distribution Date
15-Jan-98
Due Period
Dec-97
Monthly Payment Rate (including charge offs)
3.44%
Monthly Draw Rate
1.54%
Monthly Net Payment Rate
1.90%
Actual Payment Rate
2.50%
Annualized Cash Yield
19.99%
Annualized Gross Losses
8.28%
Annualized Portfolio Yield
11.71%
Weighted Coupon
6.24%
Excess Servicing
5.47%
Ending Overcollateralization Percentage (3 mo avg)
n/a
Trigger Level
4.25%
Excess Overcollateralization
n/a
Delinquencies: (Principal/Principal)
30-59 days (Del Stat 1)
5.06%
60-89 days (Del Stat 2)
2.04%
90+ days (Del Stat 3+)
7.04%
Total Participation Balance (ending)
$1,140,750,000
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