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Household Consumer Loan Trust, Series 1997-2
Deposit Trust Calculations
Previous Due Period Ending Apr 30, 2000
Current Due Period Ending May 31, 2000
Prior Distribution Date May 12, 2000
Distribution Date Jun 14, 2000
<S> <C>
Beginning Trust Principal Receivables 3,585,662,165.3
3
Average Principal Receivables 4,239,012,155.9
9
FC&A Collections (Includes Recoveries) 69,585,368.69
Principal Collections 133,408,417.36
Additional Balances 54,678,732.34
Net Principal Collections 78,729,685.02
Defaulted Amount 29,002,940.20
Miscellaneous Payments 0.00
Principal Recoveries 1,862,795.00
Beginning Participation Invested Amount 551,794,252.27
Beginning Participation Unpaid Principal Balance 551,794,252.26
Ending Participation Invested Amount 537,770,644.60
Ending Participation Unpaid Principal Balance 537,770,644.59
Accelerated Amortization Date Oct 31, 2002
Is it the Accelerated Amortization Period? 0=No 0
OC Balance as % of Ending Participation Invested 8.521%
Amount (3 month average)
Is it Early Amortization? (No, if 3 month OC 0
Average >or=4.25%) 0=NO, 1=YES
Investor Finance Charges and Administrative
Collections
Numerator for Floating Allocation 551,794,252.27
Numerator for Fixed Allocation 567,201,663.91
Denominator - Max(Sum of Numerators, Principal 4,239,012,155.9
Receivables) 9
Applicable Allocation Percentage 13.0170%
Investor FC&A Collections 9,057,960.93
Series Participation Interest Default Amount
Numerator for Floating Allocation 551,794,252.27
Denominator - Max(Sum of Numerators, Principal 4,239,012,155.9
Receivables) 9
Floating Allocation Percentage 13.0170%
Series Participation Interest Default Amount 3,775,326.68
Principal Allocation Components
Numerator for Floating Allocation 551,794,252.27
Numerator for Fixed Allocation 567,201,663.91
Denominator - Max(Sum of Numerators, Principal 4,239,012,155.9
Receivables) 9
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Series Participation Interest Monthly Interest
(a) Series Participation Interest Pass Through 7.5000%
Rate, [Max(b,c)]
(b) Prime Rate minus 1.50% 7.5000%
(c) Rate Sufficient to Cover Interest, Yield and 6.1191%
Accelerated Principal Pmt Amount
(d) Series Participation Interest Unpaid 551,794,252.26
Principal Balance
(e) Actual days in the Interest Period 33
Series Participation Monthly Interest, [a*d*e] 3,793,585.48
Series Participation Interest Interest Shortfall 0.00
Previous Series Participation Interest Interest 0.00
Shortfall
Additional Interest 0.00
Series Participation Interest Monthly Principal
Available Investor Principal Collections, [a+m+n] 14,023,607.67
(a) Investor Principal Collections, [Max(b,h) or 10,248,280.99
e]
(b) prior to Accelerated Amort. Date or not Early 10,248,280.99
Amort. Period, [c*d]
(c) Floating Allocation Percentage 13.0170%
(d) Net Principal Collections 78,729,685.02
(e) after Accelerated Amort Date or Early Amort 17,850,733.50
Period, [f*g]
(f) Fixed Allocation Percentage 13.3805%
(g) Collections of Principal
133,408,417.36
(h) Minimum Principal Amount, [Min(i,l)] 8,364,146.87
(i) Floating Allocation Percentage of Principal 17,365,837.89
Collections
(j) 2.5% or 2.2% of the Series Participation 12,139,473.55
Interest Invested Amount
(k) Series Participation Interest Net Default 3,775,326.68
Payment Amount
(l) the excess of (j) over (k) 8,364,146.87
(m) Series Participation Interest Net Default 3,775,326.68
Payment Amount
(n) Optional Repurchase Amount (principal only) 0.00
at Sec. 9
Application of Investor Finance Charges and Admin
Collections
Investor Finance Charges and Admin. Collections 9,057,960.93
[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 other 0.00
than HFC
Series Participation Interest Monthly Interest 3,793,585.48
[Sec. 4.11(a)(ii)]
Series Participation Interest Interest Shorfall 0.00
[Sec. 4.11(a)(ii)]
Additional Interest [Sec. 4.11(a)(ii)] 0.00
Series Participation Interest Default Amount 3,775,326.68
[Sec. 4.11(a)(iii)]
Reimbursed Series Participation Interest Charge- 0.00
Offs [Sec. 4.11(a)(iv)]
Servicing Fee Paid [Sec. 4.11(a)(v)] 919,657.09
Excess [Sec. 4.11(a)(vi)] 569,391.68
Series Participation Investor Charge Off [Sec. 0.00
4.12(a)]
Seller's Interest
1,469,928,117.1
7
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Household Consumer Loan Trust, 1997-2
Series 1997-2
Owner Trust
Calculations
Due Period Ending May 31,2000
Payment Date Jun 15,2000
Calculation of Interest Expense
Index (LIBOR) 6.522500%
Accrual end date, May 31, 2000
accrual beginning date June 15, 2000
and days in Interest Period 31
<S> <C> <C> <C> <C> <C> <C>
Class A-1 Class A-2 Class A-3 Class B Certificates Overcoll
Amount
Beginning Unpaid 286,814,844 48,000,000 84,430,621 46,902,511 38,625,598 47,020,678
Principal Balance
Previously unpaid 0 0 0 0 0
interest/yield
Spread to index 0.18% 0.29% 0.40% 0.65% 1.00%
Rate (capped at 6.702500% 6.812500% 6.922500% 7.172500% 7.522500%
12.5%, 14%, 14%,
14%, 15%)
Interest/Yield 1,655,380 281,583 503,294 289,685 250,205
Payable on the
Principal Balance
Interest on 0 0 0 0 0
previously unpaid
interest/yield
Interest/Yield Due 1,655,380 281,583 503,294 289,685 250,205
Interest/Yield Paid 1,655,380 281,583 503,294 289,685 250,205
Summary
Beginning Security 286,814,844 48,000,000 84,430,621 46,902,511 38,625,598 47,020,678
Balance
Beginning Adjusted 286,814,844 48,000,000 84,430,621 46,902,511 38,625,598
Balance
Principal Paid 7,289,066 0 3,365,666 1,192,007 981,653 1,310,174
Ending Security 279,525,778 48,000,000 81,064,955 45,710,505 37,643,945 45,825,462
Balance
Ending Adjusted 279,525,778 48,000,000 81,064,955 45,710,505 37,643,945
Balance
Ending Certificate 0
Balance as %
Participation
Interest Invested
Amount
Targeted Balance 279,640,735 59,154,771 81,064,955 45,710,505 37,643,945
Minimum Adjusted 16,000,000 30,000,000 19,000,000 14,000,000 17,000,000
Balance
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Certificate Minimum 5,432,021
Balance
Ending OC Amount as 28,244,252
Holdback Amount
Ending OC Amount as 17,581,210
Accelerated Prin
Pmts
Beginning Net 0 0 0 0 0 0
Charge offs
Reversals 0 0 0 0 0 0
Charge offs 0 0 0 0 0 0
Ending Net Charge 0 0 0 0 0 0
Offs
Interest/Yield Paid $1.8151094 $5.8663194 $5.5921606 $5.0821911 $5.9572705
per $1000
Principal Paid per $7.9923971 $0.0000000 $37.3962871 $20.9123974 $23.372679
$1000
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<TABLE>
Series 1997-2 Owner Trust Calculations
Due Period May 2000
Payment Date Jun 15, 2000
<S> <C>
Optimum Monthly Principal [a+b+c]
(a) Available Investor Principal Collections 14,023,607.67
(b) Series Participation Interest Charge Offs 0.00
(c) Lesser of Excess Interest and Carryover 0.00
Charge offs
Accelerated Principal Payment 114,957.14
Series Participation Interest Monthly Interest 3,793,585.48
Allocation of Optimum Monthly Principal and
Series Part. Interest Monthly Interest
Interest and Yield
Pay Class A-1 Interest Distribution- Sec. 1,655,379.76
3.05(a)(i)(a)
Pay Class A-2 Interest Distribution- Sec. 281,583.33
3.05(a)(i)(b)
Pay Class A-3 Interest Distribution- Sec. 503,294.45
3.05(a)(i)(c)
Pay Class B Interest Distribution- Sec. 289,684.89
3.05(a)(i)(d)
Pay Certificates the Certificate Yield- Sec. 250,205.36
3.05(a)(i)(e)
Principal up to Optimum Monthly Principal Balance
Pay Class A-1 to Targeted Principal Balance- 7,174,108.98
Sec. 3.05(a)(ii)(a)
Pay Class A-2 to Targeted Principal Balance 0.00
subject to Min Adj Bal- Sec. 3.05(a)(ii)(b)
Pay Class A-3 to Targeted Principal Balance 3,365,665.84
subject to Min Adj Bal- Sec. 3.05(a)(ii)(c)
Pay Class B to Targeted Principal Balance 1,192,006.65
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 981,652.54
subject to Min Adj Bal- Sec. 3.05(a)(iii)
Pay OC Remaining Optimal Monthly Prin Amt 1,310,173.66
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) 114,957.14
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)
Remaining Amounts to Holder of Designated 698,480.55
Certificate - Sec. 3.05(a)(vii)
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Allocations of Distributions to
Overcollateralization Amount
Available Distributions
Pay OC Remaining Optimal Monthly Prin Amt 1,310,173.66
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 114,957.14
Accelerated Principal Payments
To Designated Certificate Holder up to Holdback 1,195,216.52
Amount
To HCLC any remaining amounts 0.00
Principal paid to the Designated Certificate 9,816.53
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