Registration No. 333-59453
Rule 424 (b)(2)
PRICING SUPPLEMENT No. 16 Dated October 26, 1998 (To Prospectus
dated July 28, 1998)
$5,000,000,000
H O U S E H O L D F I N A N C E C O R P O R A T I O N
Medium Term Notes
Due Nine Months or More from Date of Issue
________________
Principal Amount: $21,000,000
Price to Public: 100% Proceeds to HFC: 99.927%
Issue Date: October 27, 1998
Stated Maturity: April 27, 2000
Redeemable On or After: Not Applicable.
Initial Interest Rate: 5.41984%
Interest Rate Basis: LIBOR Telerate.
Spread or Spread Multiplier: Plus .20% (+ 20 basis points).
Interest Payment Dates: On the 27th of each month of each year,
commencing November 27, 1998, and the Stated Maturity. If
said day is not a Business Day, payments shall be made on the
next succeeding Business Day.
Regular Record Date: The date fifteen (15) calendar days (whether
or not a Business Day) prior to each Interest Payment Date or
the Stated Maturity, as the case may be.
Interest Reset Date: On each Interest Payment Date.
Interest Determination Date: On the second London Business Day
prior to each Interest Payment Date.
Index Maturity: One month.
Agent: Merrill Lynch & Co., as Principal
Agent's Discount or Commission: .073%
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