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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report March 20, 2000
HOUSEHOLD HOME EQUITY LOAN TRUST 1999-1
(Exact name of registrant as specified in Department of the
Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
Delaware 333-84611 Applied For
(State or other juris- (Commission File Number (IRS Employer
diction of incorporation of Registrant) Identification
of Master Servicer) Number of
Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
(Address of principal executive offices of (Zip Code)
Master Servicer)
Servicer's telephone number, including area code 847/564-5000
Exhibit Index appears on page 3
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99(a) Monthly Servicing Report to Trustee dated
March 20, 2000 pursuant to Sections 4.01 and
5.02 of the Pooling and Servicing Agreement
dated as of November 1, 1999 (the "Pooling
and Servicing Agreement") among HFC Revolving
Corporation, as Seller, Household Finance
Corporation, as Servicer, and Bank One,
National Association, as Trustee, with
respect to Class A-1, Class A-2, Class A-3,
Class A-4, Class M-1 and Class M-2
Certificates.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Servicer has duly caused this report to be signed on
behalf of the Household Home Equity Loan Trust 1999-1 by the
undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
HOUSEHOLD HOME EQUITY LOAN TRUST 1999-1
(Registrant)
By: /s/ J. W. Blenke
J. W. Blenke
Authorized Representative
Dated: March 20, 2000
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EXHIBIT INDEX
Exhibit
Number Exhibit
99(a) Monthly Servicing Report to Trustee dated March 20, 2000
pursuant to Sections 4.01 and 5.02 of the Pooling and
Servicing Agreement dated as of November 1, 1999 (the
"Pooling and Servicing Agreement") among HFC Revolving
Corporation, as Seller, Household Finance Corporation, as
Servicer, and Bank One, National Association, as Trustee,
with respect to the Class A-1, Class A-2, Class A-3, Class
A-4, Class M-1 and Class M-2 Certificates.
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<CAPTION>
Household Home Equity Loan Trust 1999-1
<S> <C>
Distribution Number 4
Beginning Date of Accrual Period 02/01/00
End Date of Accrual Period 02/29/00
Distribution Date 03/20/00
Previous Distribution Date 02/22/00
Funds Disbursement
Available Funds for Distribution 15,468,965.31
Principal Collections 11,010,449.78
Interest Collections 4,458,515.53
Distribution of Interest
Collections
Servicing Fee 205,729.51
Extra Principal Distribution 1,488,410.31
Amount
Interest Paid 2,764,375.71
To Class R -
Distribution of Principal
Collections
Principal Paid to Certificates 11,010,449.78
Overcollateralization Release -
Amount
Balance Reconciliation
Begin Principal Balance 493,750,818.03
Adjustments 0.00
Principal Collections (including (11,010,449.78)
repurchases)
Charge off Amount (15,136.00)
End Principal Balance 482,725,232.25
Collateral Performance
Cash Yield (% of beginning balance) 10.84%
Charge off Amount (% of beginning balance) 0.04%
Net Yield 10.80%
Delinquent Loans (contractual)
30-59 days principal balance of loan 12,811,487.24
30-59 days number of loans 184
60-89 days principal balance of loan 1,078,221.35
60-89 days number of loans 20
90+ days number of loans 22
90+ days principal balance of loan 2,034,504.32
Number of Loans that went into REO 2
Principal Balance of Loans that went into REO 243,152.48
Principal Balance of all REO 396,437.35
Overcollateralization Reconcilliation
Begin OC Amount 31,584,720.47
Target OC Amount 50,039,651.27
OC Deficiency 18,470,066.79
OC Release Amount -
End OC Amount 33,057,994.78
Loan Repurchase Detail
Number Purchased for pursuant to 2.02
Principal Balance Purchasesed pursant to 2.02
Other
Stepdown No
Trigger Event No
Event of Default No
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Class A-1 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000 57.511508
2. Principal Distribution per $1,000 52.737806
3. Interest Distribution per $1,000 4.773702
B. Calculation of Class A-1 Interest Due & Paid
1. Class A-1 related Note Rate 6.83%
2. Accrual Convention 30/360
3. Class A-1 Principal Balance, BOP 198,776,097.56
4. Class A-1 Interest Carryover -
Shortfall, BOP
5. Class A-1 Interest Due 1,131,367.29
6. Class A-1 Interest Paid 1,131,367.29
7. Class A-1 unpaid Carryover Shortfall, -
EOP
C. Calculation of Class A-1 Principal Due & Paid
1. Class A-1 Principal Balance, BOP 198,776,097.56
2. Class A-1 Principal Due
3. Class A-1 Principal Paid 12,498,860.09
4. Class A-1 Principal Balance, EOP 186,277,237.47
5. Class A-1 Notes Balance as a % of the 0.414255747
Total Certificate Balance, EOP
6. Class A-1 Notes Balance as a 0.385886681
percentage of the Pool Balance, EOP
Class A-2 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000 5.791667
2. Principal Distribution per $1,000 -
3. Interest Distribution per $1,000 5.791667
B. Calculation of Class A-2 Interest Due & Paid
1. Class A-2 related Note Rate 6.95%
2. Accrual Convention 30/360
3. Class A-2 Principal Balance, BOP 62,000,000.00
4. Class A-2 Interest Carryover -
Shortfall, BOP
5. Class A-2 Interest Due 359,083.33
6. Class A-2 Interest Paid 359,083.33
7. Class A-2 unpaid Carryover Shortfall, -
EOP
C. Calculation of Class A-2 Principal Due & Paid
1. Class A-2 Principal Balance, BOP 62,000,000.00
2. Class A-2 Principal Due
3. Class A-2 Principal Paid -
4. Class A-2 Principal Balance, EOP 62,000,000.00
5. Class A-2 Notes Balance as a 0.137879736
percentage of the Total
Certificate Balance
6. Class A-2 Notes Balance as a 0.128437454
percentage of the Pool Balance, EOP
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Class A-3 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000 6.008333
2. Principal Distribution per $1,000 -
3. Interest Distribution per $1,000 6.008333
B. Calculation of Class A-3 Interest Due & Paid
1. Class A-3 related Note Rate 7.21%
2. Accrual Convention 30/360
3. Class A-3 Principal Balance, BOP 90,000,000.00
4. Class A-3 Interest Carryover -
Shortfall, BOP
5. Class A-3 Interest Due 540,750.00
6. Class A-3 Interest Paid 540,750.00
7. Class A-3 unpaid Carryover Shortfall, -
EOP
C. Calculation of Class A-3 Principal Due &
Paid
1. Class A-3 Principal Balance, BOP 90,000,000.00
2. Class A-3 Principal Due
3. Class A-3 Principal Paid -
4. Class A-3 Principal Balance, EOP 90,000,000.00
5. Class A-3 Notes Balance as a 0.200148004
percentage of the Total
Certificate Balance
6. Class A-3 Notes Balance as a 0.186441466
percentage of the Pool Balance, EOP
Class A-4 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000 6.008333
2. Principal Distribution per $1,000 -
3. Interest Distribution per $1,000 6.008333
B. Calculation of Class A-4 Interest Due & Paid
1. Class A-4 related Note Rate 7.21%
2. Accrual Convention 30/360
3. Class A-4 Principal Balance, BOP 42,920,000.00
4. Class A-4 Interest Carryover -
Shortfall, BOP
5. Class A-4 Interest Due 257,877.67
6. Class A-4 Interest Paid 257,877.67
7. Class A-4 unpaid Carryover Shortfall, -
EOP
C. Calculation of Class A-4 Principal Due & Paid
1. Class A-4 Principal Balance, BOP 42,920,000.00
2. Class A-4 Principal Due
3. Class A-4 Principal Paid -
4. Class A-4 Principal Balance, EOP 42,920,000.00
5. Class A-4 Notes Balance as a 0.095448359
percentage of the Total
Certificate Balance
6. Class A-4 Notes Balance as a 0.088911864
percentage of the Pool Balance, EOP
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Class M-1 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000 6.525000
2. Principal Distribution per $1,000 -
3. Interest Distribution per $1,000 6.525000
B. Calculation of Class M-1 Interest Due & Paid
1. Class M-1 related Note Rate 7.83%
2. Accrual Convention 30/360
3. Class M-1 Principal Balance, BOP 35,550,000.00
4. Class M-1 Interest Carryover -
Shortfall, BOP
5. Class M-1 Interest Due 231,963.75
6. Class M-1 Interest Paid 231,963.75
7. Class M-1 unpaid Carryover Shortfall, -
EOP
C. Calculation of Class M-1 Principal Due & Paid
1. Class M-1 Principal Balance, BOP 35,550,000.00
2. Class M-1 Principal Due
3. Class M-1 Principal Paid -
4. Class M-1 Principal Balance, EOP 35,550,000.00
5. Class M-1 Notes Balance as a 0.079058462
percentage of the Total
Certificate Balance
6. Class M-1 Notes Balance as a 0.073644379
percentage of the Pool Balance, EOP
Class M-2 Noteholder's Statement
A. Information on Distributions
1. Total Distribution per $1,000 7.391667
2. Principal Distribution per $1,000 -
3. Interest Distribution per $1,000 7.391667
B. Calculation of Class M-2 Interest Due & Paid
1. Class M-2 related Note Rate 8.87%
2. Accrual Convention 30/360
3. Class M-2 Principal Balance, BOP 32,920,000.00
4. Class M-2 Interest Carryover -
Shortfall, BOP
5. Class M-2 Interest Due 243,333.67
6. Class M-2 Interest Paid 243,333.67
7. Class M-2 unpaid Carryover Shortfall, -
EOP
C. Calculation of Class M-2 Principal Due & Paid
1. Class M-2 Principal Balance, BOP 32,920,000.00
2. Class M-2 Principal Due
3. Class M-2 Principal Paid -
4. Class M-2 Principal Balance, EOP 32,920,000.00
5. Class M-2 Notes Balance as a 0.073209692
percentage of the Total
Certificate Balance
6. Class M-2 Notes Balance as a 0.068196145
percentage of the Pool Balance, EOP
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