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Previous: HUNTCO INC, DEF 14A, 1996-07-31 |
Next: METROCALL INC, 8-K, 1996-07-31 |
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 July 15, 1996
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST I
(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 0-23942 Not Applicable
(State or other juris- (Commission File Numbers) (IRS Employer
diction of incorpora- Identification
tion 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 4
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99(a) Statement to Certificateholders with respect to the distribution on
June 15, 1996 provided under Section 6 of the Series 1993-1
Supplement dated as of September 1, 1993 to the Amended and
Restated Pooling and Servicing Agreement dated as of August 1, 1993
among Household Affinity Funding Corporation, as Seller, Household
Finance Corporation, as Servicer, and The Bank of New York, as
Trustee (the "Amended and Restated Pooling and Servicing
Agreement"), with respect to Class A and Class B Credit Card
Participation Certificates, Series 1993-1.
99(b) Statement to Certificateholders with respect to the distribution on
July 15, 1996 provided under Section 6 of the Series 1993-2
Supplement dated as of November 1, 1993 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1993-2.
99(c) Statement to Certificateholders with respect to the distribution on
July 15, 1996 provided under Section 6 of the Series 1993-3
Supplement dated as of November 1, 1993 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1993-3.
99(d) Statement to Certificateholders with respect to the distribution on
July 15, 1996 provided under Section 6 of the Series 1994-1
Supplement dated as of March 1, 1994 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1994-1.
99(e) Statement to Certificateholders with respect to the distribution on
July 15, 1996 provided under Section 6 of the Series 1994-2
Supplement dated as of September 1, 1994 to the Amended and
Restated Pooling and Servicing Agreement, with respect to Class A
and Class B Credit Card Participation Certificates, Series 1994-2.
-2-
<PAGE>
99(f) Statement to Certificateholders with respect to the distribution on
July 15, 1996 provided under Section 6 of the Series 1995-1
Supplement dated as of April 3, 1995 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1995-1.
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 Class A
and Class B Credit Card Participation Certificates, Series 1993-1, the Class
A and Class B Credit Card Participation Certificates, Series 1993-2, the
Class A and Class B Credit Card Participation Certificates, Series 1993-3,
the Class A and Class B Credit Card Participation Certificates, Series 1994-
1, the Class A and Class B Credit Card Participation Certificates, Series
1994-2, and the Class A and Class B Credit Card Participation Certificates,
Series 1995-1, by the undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
HOUSEHOLD AFFINITY CREDIT CARD
MASTER TRUST I
(Registrant)
By: /s/ S. E. Casey
Dated: July 25, 1996 S. E. Casey, Assistant Secretary
-3-<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
5
99(a) Statement to Certificateholders with respect to the
distribution on July 15, 1996 provided under Section 6 of
the Series 1993-1 Supplement dated as of September 1,
1993 to the Amended and Restated Pooling and Servicing
Agreement dated as of August 1, 1993 among Household
Affinity Funding Corporation, as Seller, Household
Finance Corporation, as Servicer, and The Bank of New
York, as Trustee (the "Amended and Restated Pooling and
Servicing Agreement"), with respect to Class A and Class
B Credit Card Participation Certificates, Series 1993-1.
16
99(b) Statement to Certificateholders with respect to the
distribution on July 15, 1996 provided under Section 6 of
the Series 1993-2 Supplement dated as of November 1, 1993
to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1993-2.
29
99(c) Statement to Certificateholders with respect to the
distribution on July 15, 1996 provided under Section 6 of
the Series 1993-3 Supplement dated as of November 1, 1993
to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1993-3.
42
99(d) Statement to Certificateholders with respect to the
distribution on July 15, 1996 provided under Section 6 of
the Series 1994-1 Supplement dated as of March 1, 1994 to
the Amended and Restated Pooling and Servicing Agreement,
with respect to Class A and Class B Credit Card
Participation Certificates, Series 1994-1.
54
99(e) Statement to Certificateholders with respect to the
distribution on July 15, 1996 provided under Section 6 of
the Series 1994-2 Supplement dated as of September 1,
1994 to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1994-2.
67
99(f) Statement to Certificateholders with respect to the
distribution on July 15, 1996 provided under Section 6 of
the Series 1995-1 Supplement dated as of April 3, 1995 to
the Amended and Restated Pooling and Servicing Agreement,
with respect to Class A and Class B Credit Card
Participation Certificates, Series 1995-1.
-4-<PAGE>
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1993-1
15-Jul-96
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivables)
Payment Rate
22.533%
Annualized Gross Cash Yield
16.661%
Annualized Default Rate
6.236%
Annualized Portfolio Yield
10.425%
Delinquency status of accounts:
1 payment ($)
257,235,934.72
1 payment (%)
3.98%
2 payments ($)
85,667,449.36
2 payments (%)
1.33%
3 payments or more ($)
141,275,135.76
3 payments or more (%)
2.19%
Total ($)
484,178,519.84
Total (%)
7.50%
Collections
Principal
1,365,196,297.46
Finance Charge
61,745,494.40
Fees
7,183,913.63
Allocated Interchange
19,436,098.00
Allocated Recoveries
0.00
Total
1,453,561,803.49
Adjustment Payments
0.00
Transfer Deposit Amount
0.00
Charge-Off Activity
Defaulted Receivables
34,285,108.71
Principal Recoveries
1,210,442.11
Defaulted Receivables Repurchased Pursuant to Article 2.07
0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03
0.00
Defaulted Amount
33,074,666.60
*** Reallocated Investor Finance Charge and Administrative
Collections ***
Reallocated Investor Finance Charge and Administrative Collections
14,391,363.95
Investor Defaulted Amount
5,502,394.40
Series Adjusted Portfolio Yield
10.074%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage
84.9996411%
Fixed Class A Invested Percentage
84.9996411%
Class A Monthly Interest (Due) [Section 4.08(a)]
3,987,263.00
Overdue Class A Monthly Interest (Due) [Section 4.08(a)]
0.00
Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Class A Investor Default Amount
4,677,015.49
Allocable Servicing Fee (Due) [Section 3]
1,764,713.33
Previously unpaid Allocable Servicing Fee
0.01
Class A Required Amount [Section 4.09(a)]
0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section
4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)]
0.00
From Subordinated Principal Collections [Section 4.15(a)]
0.00
Total ("Funded Class A Required Amount")
0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)]
12,232,607.71
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)]
1,803,615.88
Funded Class A Required Amount
0.00
Excess Reallocated FC&A to cover previously unpaid Allocated
Servicing Fee [Section 4.13(f)] 0.00
Total Available for Class A Invested Percentage Allocations
10,428,991.83
Class A Monthly Interest (Paid)
3,987,263.00
Overdue Class A Monthly Interest (Paid)
0.00
Class A Additional Interest (Paid)
0.00
Overdue Class A Additional Interest (Paid)
0.00
Reimb. of Class A Investor Default Amount (Paid)
4,677,015.49
Allocable Servicing Fee (Paid)
1,764,713.33
Previously unpaid Allocable Servicing Fee (Paid)
0.01
Class A Interest Shortfall
0.00
*** Class B Invested Percentage Allocations ***
0.00
Class B Invested Percentage
5.0003400%
Fixed Class B Invested Percentage
5.0003400%
Class B Monthly Interest (Due) [Section 4.08(b)]
233,840.42
Overdue Class B Monthly Interest (Due) [Section 4.08(b)]
0.00
Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Class B Investor Default Amount
275,138.43
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest
0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)]
0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)]
275,138.43
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
275,138.43
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)]
719,617.13
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)]
485,776.71
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
0.00
Funded Class B Default Amount
275,138.43
Total Available for Class B Floating Allocations
508,978.85
Class B Monthly Interest (Paid)
233,840.42
Overdue Class B Monthly Interest (Paid)
0.00
Class B Additional Interest (Paid)
0.00
Overdue Class B Additional Interest (Paid)
0.00
Reimbursement Class B Investor Default Amount (Paid)
275,138.43
Class B Interest Shortfall
0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage
10.0000189%
Collateral Monthly Interest (Due) [Section 4.08(c)]
534,975.39
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)]
0.00
Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Collateral Investor Default Amount
550,240.48
Collateral Invested Percentage of Reallocated FC&A [Section
4.11(b-1)] 1,439,139.11
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)]
904,163.72
From Excess Reallocated FC&A to Fund Collateral Investor Default
Amount [Section 4.13(g)] 550,240.48
Total Available for Collateral Invested Percentage Allocations
1,085,215.87
Collateral Monthly Interest (Paid)
534,975.39
Overdue Collateral Monthly Interest (Paid)
0.00
Collateral Additional Interest (Paid)
0.00
Overdue Collateral Additional Interest (Paid)
0.00
Reimbursement of Collateral Default Amount (Paid)
550,240.48
Collateral Interest Shortfall
0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)]
1,803,615.88
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)]
485,776.71
Excess Collateral Interest Reallocated FC&A [Section
4.11(b-1)(ii)] 904,163.72
Total
3,193,556.31
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)]
0.00
Allocated to reimburse Class A Investor Charge-Offs [Section
4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.13(d)] 275,138.43
Allocated to reimburse Class B Invested Amount reductions
[Section 4.13(e)] 0.00
Allocated to unpaid Allocated Servicing Fee from previous
periods [Section 4.13(f)] 0.00
Allocated to fund the Collateral Default Amount [Section
4.13(g)] 550,240.48
Allocated to reimburse Collateral Invested Amount reductions
[Section 4.13(h)] 0.00
Allocated to the Cash Collateral Account [Section 4.13(i)]
0.00
Allocated pursuant to the Collateral Agreement [Section
4.13(j)] 2,368,177.40
Subordinated Principal Collections [Section 4.15]
34,068,498.50
Allocated to Class A Required Amount [Section 4.15(a)]
0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test]
Not Triggered
Other Amortization Events
Not Triggered
Transaction Period
REVOLVING
Principal Allocation Percentage
N/A
Principal Allocation Percentage Numerator
N/A
Available Investor Principal Collections
Investor Principal Collections
209,358,211.43
Subordinated Principal Collections
0.00
Series Allocable Miscellaneous Payments
0.00
Series 1993-1 Excess Principal Collections
0.00
[Subordinated Series Reallocated Principal Collections]
0.00
Available Investor Principal Collections
209,358,211.43
Collateral Principal Collections
23,262,072.31
Controlled Distribution Amount
N/A
Class A Monthly Principal (Due) [Section 4.09(a)]
0.00
Class A Monthly Principal (Paid)
0.00
Deficit Controlled Amortization Amount
0.00
Total Available to Pay Class B Monthly Principal
209,358,211.43
Class B Monthly Principal (Due) [Section 4.09(b)]
0.00
Class B Monthly Principal (Paid)
0.00
Collateral Monthly Principal (Due) [Section 4.09(c)]
0.00
Collateral Monthly Principal (Paid)
0.00
Series 1993-1 Principal Shortfall
0.00
Trust Excess Principal Collections
232,620,283.74
*** Funding Accounts ***
Class A Principal Funding Account deposit
N/A
Principal Distributed to Class A Certificateholders
0.00
Class A Principal Funding Account Balance
N/A
Class B Principal Funding Account deposits
0.00
Principal Distributed to Class B Certificateholders
0.00
Class B Principal Funding Account Balance
N/A
Class A Interest Payment/Deposit
from Collection Account
3,987,263.00
from Principal Funding Account
N/A
Paid to Class A Certificateholders
3,987,263.00
Principal Funding Account Balance
N/A
Class B Interest Payment/Deposit
from Collection Account
233,840.42
from Principal Funding Account
N/A
Paid to Class B Certificateholders
233,840.42
Principal Funding Account Balance
N/A
Class A Investor Charge-Offs
0.00
Reimbursement of Class A Investor Charge-Offs
0.00
Cumulative Unreimbursed Class A Investor Charge-Offs
0.00
Reduction of Class B Invested Amount (Other than Class B ICO)
0.00
Class B Investor Charge-Offs
0.00
Reimbursement of Class B Investor Charge-Offs
0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions
0.00
Reduction of the Collateral Invested Amount
0.00
Previous month's ending Collateral Invested Amount
105,883,000.00
Current Month's ending Collateral Invested Amount
105,883,000.00
Reimbursement of Collateral Invested Amount reductions
0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions
0.00
Unpaid current Allocated Servicing Fee
0.00
Reimbursement of unpaid Allocated Servicing Fee
0.00
Cumulative unreimbursed unpaid Allocated Serving Fee
0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month]
6,364,571,586.43
Average Principal outstanding based upon additional accounts
6,364,571,586.43
Principal Receivables outstanding
6,375,041,772.79
Finance Charge and Administrative Receivables outstanding
84,696,968.90
Class A Invested Amount
900,000,000.00
Class B Invested Amount
52,945,000.00
Collateral Invested Amount
105,883,000.00
Series Adjusted Invested Amount
1,058,828,000.00
Series Required Sellers Amount
74,117,960.00
Required Collateral Amount
105,883,000.00
Available Collateral Amount
105,883,000.00
Class A Certificate Balance
900,000,000.00
Class B Certificate Balance
52,945,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance
0.00
Deposit of Excess Collections
0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount
0.00
To reimburse Class A Investor Charge-Offs
0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount
0.00
To fund the Class B Investor Default Amount
0.00
To reimburse Class B Invested Amount reductions
0.00
Total
0.00
Deposit of Collateral Monthly Principal
0.00
Net Available
0.00
Required Cash Collateral Amount
0.00
Collateral Surplus
0.00
Cash Collateral Account Surplus
0.00
End Balance
0.00
Collateral Surplus (Prime)
0.00
Cash Collateral Account Surplus (Prime)
0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest
534,975.39
Excess
2,368,177.40
Earnings on Cash Collateral Account
0.00
Earnings on Spread, Principal Retention, and
Non-Principal Retention Accounts 0.00
Non-Principal Retention Act
0.00
Available Non-Principal Funds
2,903,152.79
Available Principal Funds
0.00
Interest Due on the CA Bank Principal Balance
386,364.50
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section
2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)]
386,364.50
Payment of CA Bank Charge-offs [CA Section 2.10(a)(ii)]
0.00
Payment of fees, expenses and other amounts [CA Section
2.10(a)(iii)] 0.00
Payment to reduce CA Bank Princ. Balance to Target
Amount, pursuant to CA Section 2. 0.00
Payment to reduce CA Bank Princ. Balance to Target
Amount, pursuant to CA Section 2. 0.00
Deposit to Non-Principal Retention Account [CA Section
2.10(a)(v)] 0.00
Allocated to cover the Spread Account Deficiency [CA
Section 2.10(a)(vi)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2/10(a)( 2,516,788.29
Application of Available Principal Funds [CA Secction 2.10(b)]
Payment to reduce CA Bank Principal Balance [CA Section
2.10(b)(i)] 0.00
Payment cover remaining CA Bank Charge-offs [CA Section
2.10(b)(ii)] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to CA Section 2.10(b)(iii)
Payment of unpaid Interest
0.00
Payment of unpaid CA Bank Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account [CA Section
2.10(b)(iv)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10(b)( 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest
0.00
Payment of CA Bank Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce CA Bank Princ. Balance to Target
Amount, pursuant to 2.10(a)(iv) 0.00
Payment to reduce CA Bank Princ. Balance to Target
Amount, pursuant to 2.10(a)(v) 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
2,516,788.29
Excess Spread Percentage
2.85%
Quarterly Excess Spread Percentage
4.15%
Semi-Annual Excess Spread Percentage
5.05%
CA Bank Interest
CA Bank Target Invested Amount
76,765,175.00
CA Bank Principal Balance
76,765,175.00
CA Bank Invested Amount
76,765,175.00
CA Bank Charge-offs
0.00
CA Bank Percentage
72.50%
CA Residual Interest
29,117,825.00
CA Residual Invested Amount
29,117,825.00
Spread Account
Spread Account Cap
0.00
Spread Account Withdrawls
0.00
Spread Account Deposits
0.00
Spread Account Amount
0.00
Spread Account Deficiency
0.00
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
*****************************************************************
************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1993-1
15-Jul-96
*****************************************************************
************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.430292
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.430292
B. Calculation of Class A Certificate Rate
1. One-month LIBOR
5.496090%
2. Spread
0.200000%
3. Class A Certificate Rate
5.696090%
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of Finance Charge & Administrative
Receivables 88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class A Invested Percentage
84.9996411%
(b) Principal Allocation Percentage
N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account
0.00
(b) Total amount on deposit in Principal
Funding Account
N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class A Investor Default Amount
4,677,015.49
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution
Date(s) with respect to the Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date
0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date
1,764,713.33
8. Deficit Controlled Amortization Amount for such Payment Date
0.00
D. Class A Pool Factor
1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date
52,945,000.00
2. Available Collateral Invested Amount as of the end of the
Payment Date 105,883,000.00
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1993-1
15-Jul-96
*
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.416667
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.416667
B. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of FC&A
88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class B Invested Percentage
5.0003400%
(b) Principal Allocation Percentage
N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account
0.00
(b) Total amount on deposit in Principal
Funding Account
N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class B Investor Default Amount
275,138.43
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any,
for the Distribution Date(s) with respect to the
Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B
Invested Amount as of the end of such Payment Date
0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date
0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date
0.00%
8. Available Collateral Invested Amount
105,883,000.00
9. Deficit Controlled Amortization Amount for such Payment Date
0.00
C. Class B Pool Factor
1.00000000
D. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
*****************************************************************
************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1993-2
15-Jul-96
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivables)
Payment Rate
22.533%
Annualized Gross Cash Yield
16.661%
Annualized Default Rate
6.236%
Annualized Portfolio Yield
10.425%
Delinquency status of accounts:
1 payment ($)
257,235,934.72
1 payment (%)
3.98%
2 payments ($)
85,667,449.36
2 payments (%)
1.33%
3 payments or more ($)
141,275,135.76
3 payments or more (%)
2.19%
Total ($)
484,178,519.84
Total (%)
7.50%
Collections
Principal
1,365,196,297.46
Finance Charge
61,745,494.40
Fees
7,183,913.63
Allocated Interchange
19,436,098.00
Allocated Recoveries
0.00
Total
1,453,561,803.49
Adjustment Payments
0.00
Transfer Deposit Amount
0.00
Charge-Off Activity
Defaulted Receivables
34,285,108.71
Principal Recoveries
1,210,442.11
Defaulted Receivables Repurchased Pursuant to Article 2.07
0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03
0.00
Defaulted Amount
33,074,666.60
*** Reallocated Investor Finance Charge and Administrative
Collections ***
Reallocated Investor Finance Charge and Administrative Collections
8,128,071.45
Investor Defaulted Amount
3,056,876.54
Series Adjusted Portfolio Yield
10.345%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage
84.9998980%
Fixed Class A Invested Percentage
84.9998980%
Class A Monthly Interest (Due) [Section 4.08(a)]
2,333,333.33
Overdue Class A Monthly Interest (Due) [Section 4.08(a)]
0.00
Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Class A Investor Default Amount
2,598,341.94
Allocable Servicing Fee (Due) [Section 3]
980,393.33
Previously unpaid Allocable Servicing Fee
0.00
Class A Required Amount [Section 4.09(a)]
0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section
4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)]
0.00
From Subordinated Principal Collections [Section 4.15(a)]
0.00
Total ("Funded Class A Required Amount")
0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)]
6,908,852.44
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)]
996,783.84
Funded Class A Required Amount
0.00
Excess Reallocated FC&A to cover previously unpaid Allocated
Servicing Fee [Section 4.13(f)] 0.00
Total Available for Class A Invested Percentage Allocations
5,912,068.60
Class A Monthly Interest (Paid)
2,333,333.33
Overdue Class A Monthly Interest (Paid)
0.00
Class A Additional Interest (Paid)
0.00
Overdue Class A Additional Interest (Paid)
0.00
Reimb. of Class A Investor Default Amount (Paid)
2,598,341.94
Allocable Servicing Fee (Paid)
980,393.33
Previously unpaid Allocable Servicing Fee (Paid)
0.00
Class A Interest Shortfall
0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage
5.0000340%
Fixed Class B Invested Percentage
5.0000340%
Class B Monthly Interest (Due) [Section 4.08(b)]
144,609.00
Overdue Class B Monthly Interest (Due) [Section 4.08(b)]
0.00
Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Class B Investor Default Amount
152,844.87
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest
0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)]
0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)]
152,844.87
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
152,844.87
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)]
406,406.34
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)]
261,797.34
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
0.00
Funded Class B Default Amount
152,844.87
Total Available for Class B Floating Allocations
297,453.87
Class B Monthly Interest (Paid)
144,609.00
Overdue Class B Monthly Interest (Paid)
0.00
Class B Additional Interest (Paid)
0.00
Overdue Class B Additional Interest (Paid)
0.00
Reimbursement Class B Investor Default Amount (Paid)
152,844.87
Class B Interest Shortfall
0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage
10.0000680%
Collateral Monthly Interest (Due) [Section 4.08(c)]
297,209.11
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)]
0.00
Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Collateral Investor Default Amount
305,689.73
Collateral Invested Percentage of Reallocated FC&A [Section
4.11(b-1)] 812,812.67
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)]
515,603.56
From Excess Reallocated FC&A to Fund Collateral Investor Default
Amount [Section 4.13(g)] 305,689.73
Total Available for Collateral Invested Percentage Allocations
602,898.84
Collateral Monthly Interest (Paid)
297,209.11
Overdue Collateral Monthly Interest (Paid)
0.00
Collateral Additional Interest (Paid)
0.00
Overdue Collateral Additional Interest (Paid)
0.00
Reimbursement of Collateral Default Amount (Paid)
305,689.73
Collateral Interest Shortfall
0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)]
996,783.84
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)]
261,797.34
Excess Collateral Interest Reallocated FC&A [Section
4.11(b-1)(ii)] 515,603.56
Total
1,774,184.74
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)]
0.00
Allocated to reimburse Class A Investor Charge-Offs [Section
4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.13(d)] 152,844.87
Allocated to reimburse Class B Invested Amount reductions
[Section 4.13(e)] 0.00
Allocated to unpaid Allocated Servicing Fee from previous
periods [Section 4.13(f)] 0.00
Allocated to fund the Collateral Default Amount [Section
4.13(g)] 305,689.73
Allocated to reimburse Collateral Invested Amount reductions
[Section 4.13(h)] 0.00
Allocated to the Cash Collateral Account [Section 4.13(i)]
0.00
Allocated pursuant to the Collateral Agreement [Section
4.13(j)] 1,315,650.14
Subordinated Principal Collections [Section 4.15]
18,926,562.28
Allocated to Class A Required Amount [Section 4.15(a)]
0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test]
Not Triggered
Other Amortization Events
Not Triggered
Transaction Period
REVOLVING
Principal Allocation Percentage
N/A
Principal Allocation Percentage Numerator
N/A
Available Investor Principal Collections
Investor Principal Collections
116,309,702.48
Subordinated Principal Collections
0.00
Series Allocable Miscellaneous Payments
0.00
Series 1993-2 Excess Principal Collections
0.00
[Subordinated Series Reallocated Principal Collections]
0.00
Available Investor Principal Collections
116,309,702.48
Collateral Principal Collections
12,923,397.92
Controlled Distribution Amount
N/A
Class A Monthly Principal (Due) [Section 4.09(a)]
0.00
Class A Monthly Principal (Paid)
0.00
Deficit Controlled Amortization Amount
0.00
Total Available to Pay Class B Monthly Principal
116,309,702.48
Class B Monthly Principal (Due) [Section 4.09(b)]
0.00
Class B Monthly Principal (Paid)
0.00
Collateral Monthly Principal (Due) [Section 4.09(c)]
0.00
Collateral Monthly Principal (Paid)
0.00
Series 1993-2 Principal Shortfall
0.00
Trust Excess Principal Collections
129,233,100.40
*** Funding Accounts ***
Class A Principal Funding Account deposit
N/A
Principal Distributed to Class A Certificateholders
0.00
Class A Principal Funding Account Balance
N/A
Class B Principal Funding Account deposits
0.00
Principal Distributed to Class B Certificateholders
0.00
Class B Principal Funding Account Balance
N/A
Class A Interest Payment/Deposit
from Collection Account
2,333,333.33
from Principal Funding Account
N/A
Paid to Class A Certificateholders
2,333,333.33
Principal Funding Account Balance
N/A
Class B Interest Payment/Deposit
from Collection Account
144,609.00
from Principal Funding Account
N/A
Paid to Class B Certificateholders
144,609.00
Principal Funding Account Balance
N/A
Class A Investor Charge-Offs
0.00
Reimbursement of Class A Investor Charge-Offs
0.00
Cumulative Unreimbursed Class A Investor Charge-Offs
0.00
Reduction of Class B Invested Amount (Other than Class B ICO)
0.00
Class B Investor Charge-Offs
0.00
Reimbursement of Class B Investor Charge-Offs
0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions
0.00
Reduction of the Collateral Invested Amount
0.00
Previous month's ending Collateral Invested Amount
58,824,000.00
Current Month's ending Collateral Invested Amount
58,824,000.00
Reimbursement of Collateral Invested Amount reductions
0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions
0.00
Unpaid current Allocated Servicing Fee
0.00
Reimbursement of unpaid Allocated Servicing Fee
0.00
Cumulative unreimbursed unpaid Allocated Serving Fee
0.00
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month]
6,364,571,586.43
Average Principal outstanding based upon additional accounts
6,364,571,586.43
Principal Receivables outstanding
6,375,041,772.79
Finance Charge and Administrative Receivables outstanding
84,696,968.90
Class A Invested Amount
500,000,000.00
Class B Invested Amount
29,412,000.00
Collateral Invested Amount
58,824,000.00
Series Adjusted Invested Amount
588,236,000.00
Series Required Sellers Amount
41,176,520.00
Required Collateral Amount
58,824,000.00
Available Collateral Amount
58,824,000.00
Class A Certificate Balance
500,000,000.00
Class B Certificate Balance
29,412,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance
0.00
Deposit of Excess Collections
0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount
0.00
To reimburse Class A Investor Charge-Offs
0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount
0.00
To fund the Class B Investor Default Amount
0.00
To reimburse Class B Invested Amount reductions
0.00
Total
0.00
Deposit of Collateral Monthly Principal
0.00
Net Available
0.00
Required Cash Collateral Amount
0.00
Collateral Surplus
0.00
Cash Collateral Account Surplus
0.00
End Balance
0.00
Collateral Surplus (Prime)
0.00
Cash Collateral Account Surplus (Prime)
0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest
297,209.11
Excess
1,315,650.14
Earnings on Cash Collateral Account
0.00
Earnings on Spread, Principal Retention, and
Non-Principal Retention Accounts 0.00
Non-Principal Retention Act
0.00
Available Non-Principal Funds
1,612,859.25
Available Principal Funds
0.00
Interest Due on the CA Investor Principal Balance
228,616.89
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section
2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)]
228,616.89
Payment of CA Investor Charge-offs [CA Section
2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section
2.10(a)(iii)] 0.00
Payment to reduce CA Investor Princ. Bal. to Target
Amount, pursuant to CA Section 2 0.00
Deposit to Non-Principal Retention Account [CA Section
2.10(a)(iv)] 0.00
Allocated to cover the Spread Account Deficiency [CA
Section 2.10(a)(v)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2/10(a)( 1,384,242.36
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA
Section 2.10(b)(i)] 0.00
Payment cover remaining CA Investor Charge-offs [CA
Section 2.10(b)(ii)] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to CA Section 2.10(b)(iii)
Payment of unpaid Interest
0.00
Payment of unpaid CA Investor Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account (during early
am. only) [CA Section 2.10(b 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10(b)( 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest
0.00
Payment of CA Investor Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce CA Investor Princ. Balance to Target
Amount, pursuant to 2.10(a)(i 0.00
Payment to reduce CA Investor Princ. Balance to Target
Amount, pursuant to 2.10(a)(v 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
1,384,242.36
Excess Spread Percentage
2.82%
Quarterly Excess Spread Percentage
4.12%
CA Investor Interest
CA Investor Target Invested Amount
47,059,200.00
CA Investor Principal Balance
47,059,200.00
CA Investor Invested Amount
47,059,200.00
CA Investor Charge-offs
0.00
CA Investor Percentage (after dist. this month)
80.00%
CA Residual Interest (after dist. this month)
11,764,800.00
CA Residual Invested Amount (after dist. this month)
11,764,800.00
CA Residual Target
11,764,800.00
Spread Account
Spread Account Cap
0.00
Quarterly Excess Cap
0.00
Payment Rate Cap
0.00
Spread Account Withdrawls
0.00
Spread Account Deposits
0.00
Spread Account Amount
0.00
Spread Account Deficiency
0.00
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
*** Application of Funds Pursuant to the Subordinated Collateral
Agreement ***
Available Funds
Available Non-Principal Funds
1,384,242.36
Available Principal Funds
0.00
Interest Due on the SCA Investor Principal Balance
49,385.33
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [SCA Section ]
Payment of Interest [SCA Section ]
49,385.33
Payment of SCA Investor Charge-offs [SCA Section ]
0.00
Payment of fees, expenses and other amounts [SCA Section
] 0.00
Payment to reduce SCA Investor Princ. Bal. to Target
Amount, pursuant to SCA Section 0.00
Deposit to Non-Principal Retention Account [SCA Section
] 0.00
Allocated to cover the Spread Account Deficiency [SCA
Section ] 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest
Holder) [SCA Section ] 1,334,857.03
Application of Available Principal Funds [SCA Section ]
Payment to reduce SCA Investor Principal Balance [SCA
Section ] 0.00
Payment cover remaining SCA Investor Charge-offs [SCA
Section ] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to SCA Section
Payment of unpaid Interest
0.00
Payment of unpaid SCA Investor Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account (during early
am only) [SCA Section ] 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest
Holder) [SCA Section ] 0.00
Withdrawls from the Spread Account, pursuant to Section
Payment of Interest
0.00
Payment of SCA Investor Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce SCA Investor Princ. Balance to Target
Amount, pursuant to Section 0.00
Payment to reduce SCA Investor Princ. Balance to Target
Amount, pursuant to Section 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
1,334,857.03
Monthly Excess Spread Percentage
2.72%
Bi-Monthly Excess Spread Percentage
3.91%
Quarterly Excess Spread Percentage
4.01%
Semi-annual Excess Spread Percentage
4.92%
SCA Investor Interest
SCA Investor Target Invested Amount
8,823,600.00
SCA Investor Principal Balance
8,823,600.00
SCA Investor Invested Amount
8,823,600.00
SCA Investor Charge-offs
0.00
SCA Investor Percentage (after dist. this month)
15.00%
SCA Residual Interest (after dist. this month)
2,941,200.00
SCA Residual Invested Amount (after dist. this month)
2,941,200.00
SCA Residual Target
2,941,200.00
Spread Account
Overall Spread Account Cap
2,941,200.00
Payment rate Spread Account Cap
0.00
Monthly Spread Account Cap
0.00
Bi-Monthly Spread Account Cap
0.00
Quarterly Excess Spread Cap
2,941,200.00
Semi-Annual Excess Spread Cap
2,941,200.00
Spread Account Withdrawls
0.00
Spread Account Deposits
0.00
Spread Account Amount
2,941,200.00
Spread Account Deficiency
0.00
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
Total Spread Account Amount
2,941,200.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance
47,059,200.00
Current Maximum CA Investor Target Invested Amount
47,059,200.00
Current CA Investor Commitment Amount
0.00
CA Investor Commitment Fee Rate
0.375%
CA Investor Commitment Fee
0.00
Calculation of Subordinated Collateral Agreement Commitment Fee
Current SCA Investor Principal Balance
8,823,600.00
Current SCA Investor Target Invested Amount
8,823,600.00
Current SCA Investor Commitment Amount
0.00
SCA Investor Commitment Fee Rate
0.420%
SCA Investor Commitment Fee
0.00
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1993-2
15-Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.666667
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.666667
B. Calculation of Class A Certificate Rate
1. Class A Certificate Rate
5.60%
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of Finance Charge & Administrative
Receivables 88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class A Invested Percentage
84.9998980%
(b) Principal Allocation Percentage
N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account
0.00
(b) Total amount on deposit in Principal
Funding Account
N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class A Investor Default Amount
2,598,341.94
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution
Date(s) with respect to the Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date
0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date
980,393.33
8. Deficit Controlled Amortization Amount for such Payment Date
0.00
D. Class A Pool Factor
1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date
29,412,000.00
2. Available Collateral Invested Amount as of the end of the
Payment Date 58,824,000.00
*****************************************************************
************************************************
Household Finance Corporation
Jun-96
Household Affinity Funding Corporation
Jul-96
Household Affinity Credit Card Master Trust I, Series 1993-2
15-Jul-96
*****************************************************************
************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.916667
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.916667
B. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of FC&A
88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class B Invested Percentage
5.0000340%
(b) Principal Allocation Percentage
N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account
0.00
(b) Total amount on deposit in Principal
Funding Account
N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class B Investor Default Amount
152,844.87
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any,
for the Distribution Date(s) with respect to the
Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B
Invested Amount as of the end of such Payment Date
0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date
0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date
0.00%
8. Available Collateral Invested Amount
58,824,000.00
9. Deficit Controlled Amortization Amount for such Payment Date
0.00
C. Class B Pool Factor
1.00000000
D. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
*****************************************************************
************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1993-3
15-Jul-96
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivables)
Payment Rate
22.533%
Annualized Gross Cash Yield
16.661%
Annualized Default Rate
6.236%
Annualized Portfolio Yield
10.425%
Delinquency status of accounts:
1 payment ($)
257,235,934.72
1 payment (%)
3.98%
2 payments ($)
85,667,449.36
2 payments (%)
1.33%
3 payments or more ($)
141,275,135.76
3 payments or more (%)
2.19%
Total ($)
484,178,519.84
Total (%)
7.50%
Collections
Principal
1,365,196,297.46
Finance Charge
61,745,494.40
Fees
7,183,913.63
Allocated Interchange
19,436,098.00
Allocated Recoveries
0.00
Total
1,453,561,803.49
Adjustment Payments
0.00
Transfer Deposit Amount
0.00
Charge-Off Activity
Defaulted Receivables
34,285,108.71
Principal Recoveries
1,210,442.11
Defaulted Receivables Repurchased Pursuant to Article 2.07
0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03
0.00
Defaulted Amount
33,074,666.60
*** Reallocated Investor Finance Charge and Administrative
Collections ***
Reallocated Investor Finance Charge and Administrative Collections
7,974,933.06
Investor Defaulted Amount
3,056,876.54
Series Adjusted Portfolio Yield
10.033%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage
84.9998980%
Fixed Class A Invested Percentage
84.9998980%
Class A Monthly Interest (Due) [Section 4.08(a)]
2,203,479.44
Overdue Class A Monthly Interest (Due) [Section 4.08(a)]
0.00
Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Class A Investor Default Amount
2,598,341.94
Allocable Servicing Fee (Due) [Section 3]
980,393.33
Previously unpaid Allocable Servicing Fee
0.01
Class A Required Amount [Section 4.09(a)]
0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section
4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)]
0.00
From Subordinated Principal Collections [Section 4.15(a)]
0.00
Total ("Funded Class A Required Amount")
0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)]
6,778,684.97
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)]
996,470.25
Funded Class A Required Amount
0.00
Excess Reallocated FC&A to cover previously unpaid Allocated
Servicing Fee [Section 4.13(f)] 0.00
Total Available for Class A Invested Percentage Allocations
5,782,214.72
Class A Monthly Interest (Paid)
2,203,479.44
Overdue Class A Monthly Interest (Paid)
0.00
Class A Additional Interest (Paid)
0.00
Overdue Class A Additional Interest (Paid)
0.00
Reimb. of Class A Investor Default Amount (Paid)
2,598,341.94
Allocable Servicing Fee (Paid)
980,393.33
Previously unpaid Allocable Servicing Fee (Paid)
0.01
Class A Interest Shortfall
0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage
5.0000340%
Fixed Class B Invested Percentage
5.0000340%
Class B Monthly Interest (Due) [Section 4.08(b)]
121,324.50
Overdue Class B Monthly Interest (Due) [Section 4.08(b)]
0.00
Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Class B Investor Default Amount
152,844.87
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest
0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)]
0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)]
152,844.87
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
152,844.87
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)]
398,749.36
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)]
277,424.86
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
0.00
Funded Class B Default Amount
152,844.87
Total Available for Class B Floating Allocations
274,169.37
Class B Monthly Interest (Paid)
121,324.50
Overdue Class B Monthly Interest (Paid)
0.00
Class B Additional Interest (Paid)
0.00
Overdue Class B Additional Interest (Paid)
0.00
Reimbursement Class B Investor Default Amount (Paid)
152,844.87
Class B Interest Shortfall
0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage
10.0000680%
Collateral Monthly Interest (Due) [Section 4.08(c)]
297,209.11
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)]
0.00
Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Collateral Investor Default Amount
305,689.73
Collateral Invested Percentage of Reallocated FC&A [Section
4.11(b-1)] 797,498.73
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)]
500,289.62
From Excess Reallocated FC&A to Fund Collateral Investor Default
Amount [Section 4.13(g)] 305,689.73
Total Available for Collateral Invested Percentage Allocations
602,898.84
Collateral Monthly Interest (Paid)
297,209.11
Overdue Collateral Monthly Interest (Paid)
0.00
Collateral Additional Interest (Paid)
0.00
Overdue Collateral Additional Interest (Paid)
0.00
Reimbursement of Collateral Default Amount (Paid)
305,689.73
Collateral Interest Shortfall
0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)]
996,470.25
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)]
277,424.86
Excess Collateral Interest Reallocated FC&A [Section
4.11(b-1)(ii)] 500,289.62
Total
1,774,184.73
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)]
0.00
Allocated to reimburse Class A Investor Charge-Offs [Section
4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.13(d)] 152,844.87
Allocated to reimburse Class B Invested Amount reductions
[Section 4.13(e)] 0.00
Allocated to unpaid Allocated Servicing Fee from previous
periods [Section 4.13(f)] 0.00
Allocated to fund the Collateral Default Amount [Section
4.13(g)] 305,689.73
Allocated to reimburse Collateral Invested Amount reductions
[Section 4.13(h)] 0.00
Allocated to the Cash Collateral Account [Section 4.13(i)]
0.00
Allocated pursuant to the Collateral Agreement [Section
4.13(j)] 1,315,650.13
Subordinated Principal Collections [Section 4.15]
18,926,562.28
Allocated to Class A Required Amount [Section 4.15(a)]
0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test]
Not Triggered
Other Amortization Events
Not Triggered
Transaction Period
REVOLVING
Principal Allocation Percentage
N/A
Principal Allocation Percentage Numerator
N/A
Available Investor Principal Collections
Investor Principal Collections
116,309,702.48
Subordinated Principal Collections
0.00
Series Allocable Miscellaneous Payments
0.00
Series 1993-3 Excess Principal Collections
0.00
[Subordinated Series Reallocated Principal Collections]
0.00
Available Investor Principal Collections
116,309,702.48
Collateral Principal Collections
12,923,397.92
Controlled Distribution Amount
N/A
Class A Monthly Principal (Due) [Section 4.09(a)]
0.00
Class A Monthly Principal (Paid)
0.00
Deficit Controlled Amortization Amount
0.00
Total Available to Pay Class B Monthly Principal
116,309,702.48
Class B Monthly Principal (Due) [Section 4.09(b)]
0.00
Class B Monthly Principal (Paid)
0.00
Collateral Monthly Principal (Due) [Section 4.09(c)]
0.00
Collateral Monthly Principal (Paid)
0.00
Series 1993-3 Principal Shortfall
0.00
Trust Excess Principal Collections
129,233,100.40
*** Funding Accounts ***
Class A Principal Funding Account deposit
N/A
Principal Distributed to Class A Certificateholders
0.00
Class A Principal Funding Account Balance
N/A
Class B Principal Funding Account deposits
0.00
Principal Distributed to Class B Certificateholders
0.00
Class B Principal Funding Account Balance
N/A
Class A Interest Payment/Deposit
from Collection Account
2,203,479.44
from Principal Funding Account
N/A
Paid to Class A Certificateholders
2,203,479.44
Principal Funding Account Balance
N/A
Class B Interest Payment/Deposit
from Collection Account
121,324.50
from Principal Funding Account
N/A
Paid to Class B Certificateholders
121,324.50
Principal Funding Account Balance
0.00
Class A Investor Charge-Offs
0.00
Reimbursement of Class A Investor Charge-Offs
0.00
Cumulative Unreimbursed Class A Investor Charge-Offs
0.00
Reduction of Class B Invested Amount (Other than Class B ICO)
0.00
Class B Investor Charge-Offs
0.00
Reimbursement of Class B Investor Charge-Offs
0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions
0.00
Reduction of the Collateral Invested Amount
0.00
Previous month's ending Collateral Invested Amount
58,824,000.00
Current Month's ending Collateral Invested Amount
58,824,000.00
Reimbursement of Collateral Invested Amount reductions
0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions
0.00
Unpaid current Allocated Servicing Fee
0.00
Reimbursement of unpaid Allocated Servicing Fee
0.00
Cumulative unreimbursed unpaid Allocated Serving Fee
0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month]
6,364,571,586.43
Average Principal outstanding based upon additional accounts
6,364,571,586.43
Principal Receivables outstanding [End of Month]
6,375,041,772.79
Finance Charge and Administrative Receivables outstanding
84,696,968.90
Class A Invested Amount
500,000,000.00
Class B Invested Amount
29,412,000.00
Collateral Invested Amount
58,824,000.00
Series Adjusted Invested Amount
588,236,000.00
Series Required Sellers Amount
41,176,520.00
Required Collateral Amount
58,824,000.00
Available Collateral Amount
58,824,000.00
Class A Certificate Balance
500,000,000.00
Class B Certificate Balance
29,412,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance
0.00
Deposit of Excess Collections
0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount
0.00
To reimburse Class A Investor Charge-Offs
0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount
0.00
To fund the Class B Investor Default Amount
0.00
To reimburse Class B Invested Amount reductions
0.00
Total
0.00
Deposit of Collateral Monthly Principal
0.00
Net Available
0.00
Required Cash Collateral Amount
0.00
Collateral Surplus
0.00
Cash Collateral Account Surplus
0.00
End Balance
0.00
Collateral Surplus (Prime)
0.00
Cash Collateral Account Surplus (Prime)
0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest
297,209.11
Excess
1,315,650.13
Earnings on Cash Collateral Account
0.00
Earnings on Spread, Principal Retention, and
Non-Principal Retention Accounts 0.00
Non-Principal Retention Act
0.00
Available Non-Principal Funds
1,612,859.24
Available Principal Funds
0.00
Interest Due on the CA Investor Principal Balance
226,786.81
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section
2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)]
226,786.81
Payment of CA Investor Charge-offs [CA Section
2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section
2.10(a)(iii)] 0.00
Payment to reduce CA Investor Princ. Bal. to Target
Amount, pursuant to CA Section 2 0.00
Deposit to Non-Principal Retention Account [CA Section
2.10(a)(iv)] 0.00
Allocated to cover the Spread Account Deficiency [CA
Section 2.10(a)(v)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2/10(a)( 1,386,072.43
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA
Section 2.10(b)(i)] 0.00
Payment cover remaining CA Investor Charge-offs [CA
Section 2.10(b)(ii)] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to CA Section 2.10(b)(iii)
Payment of unpaid Interest
0.00
Payment of unpaid CA Investor Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account (during early
am only) [CA Section 2.10(b) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10(b)( 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest
0.00
Payment of CA Investor Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce CA Investor Princ. Balance to Target
Amount, pursuant to 2.10(a)(i 0.00
Payment to reduce CA Investor Princ. Balance to Target
Amount, pursuant to 2.10(a)(v 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
1,386,072.43
Monthly Excess Spread Percentage
2.83%
Quarterly Excess Spread Percentage
4.12%
CA Investor Interest
CA Investor Target Invested Amount
47,059,200.00
CA Investor Principal Balance
47,059,200.00
CA Investor Invested Amount
47,059,200.00
CA Investor Charge-offs
0.00
CA Investor Percentage (after dist. this month)
80.00%
CA Residual Interest (after dist. this month)
11,764,800.00
CA Residual Invested Amount (after dist. this month)
11,764,800.00
CA Residual Target
11,764,800.00
Spread Account
Spread Account Cap
0.00
Quarterly Excess Cap
0.00
Payment Rate Cap
0.00
Spread Account Withdrawls
0.00
Spread Account Deposits
0.00
Spread Account Amount
0.00
Spread Account Deficiency
0.00
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
*** Application of Funds Pursuant to the Subordinated Collateral
Agreement ***
Available Funds
Available Non-Principal Funds
1,386,072.43
Available Principal Funds
0.00
Interest Due on the SCA Investor Principal Balance
49,042.19
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [SCA Section ]
Payment of Interest [SCA Section ]
49,042.19
Payment of SCA Investor Charge-offs [SCA Section ]
0.00
Payment of fees, expenses and other amounts [SCA Section
] 0.00
Payment to reduce SCA Investor Princ. Bal. to Target
Amount, pursuant to SCA Section 0.00
Deposit to Non-Principal Retention Account [SCA Section
] 0.00
Allocated to cover the Spread Account Deficiency [SCA
Section ] 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest
Holder) [SCA Section ] 1,337,030.24
Application of Available Principal Funds [SCA Section ]
Payment to reduce SCA Investor Principal Balance [SCA
Section ] 0.00
Payment cover remaining SCA Investor Charge-offs [SCA
Section ] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to SCA Section
Payment of unpaid Interest
0.00
Payment of unpaid SCA Investor Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account (during early
am only) [SCA Section ] 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest
Holder) [SCA Section ] 0.00
Withdrawls from the Spread Account, pursuant to Section
Payment of Interest
0.00
Payment of SCA Investor Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce SCA Investor Princ. Balance to Target
Amount, pursuant to Section 0.00
Payment to reduce SCA Investor Princ. Balance to Target
Amount, pursuant to Section 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
1,337,030.24
Monthly Excess Spread Percentage
2.73%
Bi-Monthly Excess Spread Percentage
3.92%
Quarterly Excess Spread Percentage
4.01%
Semi-annual Excess Spread Percentage
4.92%
SCA Investor Interest
SCA Investor Target Invested Amount
8,823,600.00
SCA Investor Principal Balance
8,823,600.00
SCA Investor Invested Amount
8,823,600.00
SCA Investor Charge-offs
0.00
SCA Investor Percentage (after dist. this month)
15.00%
SCA Residual Interest (after dist. this month)
2,941,200.00
SCA Residual Invested Amount (after dist. this month)
2,941,200.00
SCA Residual Target
2,941,200.00
Spread Account
Overall Spread Account Cap
2,941,200.00
Payment rate Spread Account Cap
0.00
Monthly Spread Account Cap
0.00
Bi-Monthly Spread Account Cap
0.00
Quarterly Excess Spread Cap
2,941,200.00
Spread account "step down" limits.
2,941,200.00
Spread Account Withdrawls
0.00
Spread Account Deposits
0.00
Spread Account Amount
2,941,200.00
Spread Account Deficiency
0.00
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
Total Spread Account Amount
2,941,200.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance
47,059,200.00
Current Maximum CA Investor Target Invested Amount
47,059,200.00
Current CA Investor Commitment Amount
0.00
CA Investor Commitment Fee Rate
0.350%
CA Investor Commitment Fee
0.00
Calculation of Subordinated Collateral Agreement Commitment Fee
Current SCA Investor Principal Balance
8,823,600.00
Current SCA Investor Target Invested Amount
8,823,600.00
Current SCA Investor Commitment Amount
0.00
SCA Investor Commitment Fee Rate
0.420%
SCA Investor Commitment Fee
0.00
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1993-3
15-Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.406959
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.406959
B. Calculation of Class A Certificate Rate
1. One-month LIBOR
5.496090%
2. Spread
0.170000%
3. Class A Certificate Rate
5.666090%
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of Finance Charge & Administrative
Receivables 88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class A Invested Percentage
84.9998980%
(b) Principal Allocation Percentage
N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account
0.00
(b) Total amount on deposit in Principal
Funding Account
N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class A Investor Default Amount
2,598,341.94
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution
Date(s) with respect to the Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date
0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date
980,393.33
8. Deficit Controlled Amortization Amount for such Payment Date
0.00
D. Class A Pool Factor
1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date
29,412,000.00
2. Available Collateral Invested Amount as of the end of the
Payment Date 58,824,000.00
Jun-96
Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.125000
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.125000
B. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of FC&A
88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class B Invested Percentage
5.0000340%
(b) Principal Allocation Percentage
N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account
0.00
(b) Total amount on deposit in Principal
Funding Account
N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class B Investor Default Amount
152,844.87
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any,
for the Distribution Date(s) with respect to the
Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B
Invested Amount as of the end of such Payment Date
0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date
0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date
0.00%
8. Available Collateral Invested Amount
58,824,000.00
9. Deficit Controlled Amortization Amount for such Payment Date
0.00
C. Class B Pool Factor
1.00000000
D. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1994-1
15-Jul-96
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivables)
Payment Rate
22.533%
Annualized Gross Cash Yield
16.661%
Annualized Default Rate
6.236%
Annualized Portfolio Yield
10.425%
Delinquency status of accounts:
1 payment ($)
257,235,934.72
1 payment (%)
3.98%
2 payments ($)
85,667,449.36
2 payments (%)
1.33%
3 payments or more ($)
141,275,135.76
3 payments or more (%)
2.19%
Total ($)
484,178,519.84
Total (%)
7.50%
Collections
Principal
1,365,196,297.46
Finance Charge
61,745,494.40
Fees
7,183,913.63
Allocated Interchange
19,436,098.00
Allocated Recoveries
0.00
Total
1,453,561,803.49
Aggregate Principal Shortfalls for Group 1
0.00
Adjustment Payments
0.00
Transfer Deposit Amount
0.00
Charge-Off Activity
Defaulted Receivables
34,285,108.71
Principal Recoveries
1,210,442.11
Defaulted Receivables Repurchased Pursuant to Article 2.07
0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03
0.00
Defaulted Amount
33,074,666.60
*** Reallocated Investor Finance Charge and Administrative
Collections ***
Reallocated Investor Finance Charge and Administrative Collections
13,589,980.71
Investor Defaulted Amount
5,196,683.88
Series Adjusted Portfolio Yield
10.072%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage
85.0000000%
Fixed Class A Invested Percentage
85.0000000%
Class A Monthly Interest (Due) [Section 4.08(a)]
3,732,692.83
Overdue Class A Monthly Interest (Due) [Section 4.08(a)]
0.00
Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Class A Investor Default Amount
4,417,181.30
Allocable Servicing Fee (Due) [Section 3]
1,666,666.67
Previously unpaid Allocable Servicing Fee
0.01
Class A Required Amount [Section 4.10 (a)]
0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section
4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)]
0.00
From Subordinated Principal Collections [Section 4.15(a)]
0.00
Total ("Funded Class A Required Amount")
0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)]
11,551,483.60
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)]
1,734,942.80
Funded Class A Required Amount
0.00
Excess Reallocated FC&A to cover previously unpaid Allocated
Servicing Fee [Section 4.13(f)] 0.00
Total Available for Class A Invested Percentage Allocations
9,816,540.80
Class A Monthly Interest (Paid)
3,732,692.83
Overdue Class A Monthly Interest (Paid)
0.00
Class A Additional Interest (Paid)
0.00
Overdue Class A Additional Interest (Paid)
0.00
Reimb. of Class A Investor Default Amount (Paid)
4,417,181.30
Allocable Servicing Fee (Paid)
1,666,666.67
Previously unpaid Allocable Servicing Fee (Paid)
0.01
Class A Interest Shortfall
0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage
5.0000000%
Fixed Class B Invested Percentage
5.0000000%
Class B Monthly Interest (Due) [Section 4.08(b)]
252,083.33
Overdue Class B Monthly Interest (Due) [Section 4.08(b)]
0.00
Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Class B Investor Default Amount
259,834.19
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest
0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)]
0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)]
259,834.19
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
259,834.19
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)]
679,499.04
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)]
427,415.71
Funded Excess current or overdue Class B Monthly Interest,
0
Class B Additional Interest or the Cummulative Excess Interest:
0.00
Funded Class B Default Amount
259,834.19
Total Available for Class B Floating Allocations
511,917.52
Class B Monthly Interest (Paid)
252,083.33
Overdue Class B Monthly Interest (Paid)
0.00
Class B Additional Interest (Paid)
0.00
Overdue Class B Additional Interest (Paid)
0.00
Reimbursement Class B Investor Default Amount (Paid)
259,834.19
Class B Interest Shortfall
0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage
10.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)]
505,251.44
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)]
0.00
Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Collateral Investor Default Amount
519,668.39
Collateral Invested Percentage of Reallocated FC&A [Section
4.11(b-1)] 1,358,998.07
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)]
853,746.63
From Excess Reallocated FC&A to Fund Collateral Investor Default
Amount [Section 4.13(g)] 519,668.39
Total Available for Collateral Invested Percentage Allocations
1,024,919.83
Collateral Monthly Interest (Paid)
505,251.44
Overdue Collateral Monthly Interest (Paid)
0.00
Collateral Additional Interest (Paid)
0.00
Overdue Collateral Additional Interest (Paid)
0.00
Reimbursement of Collateral Default Amount (Paid)
519,668.39
Collateral Interest Shortfall
0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)]
1,734,942.80
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)]
427,415.71
Excess Collateral Interest Reallocated FC&A [Section
4.11(b-1)(ii)] 853,746.63
Total
3,016,105.14
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)]
0.00
Allocated to reimburse Class A Investor Charge-Offs [Section
4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.13(d)] 259,834.19
Allocated to reimburse Class B Invested Amount reductions
[Section 4.13(e)] 0.00
Allocated to unpaid Allocated Servicing Fee from previous
periods [Section 4.13(f)] 0.00
Allocated to fund the Collateral Default Amount [Section
4.13(g)] 519,668.39
Allocated to reimburse Collateral Invested Amount reductions
[Section 4.13(h)] 0.00
Allocated to the Cash Collateral Account [Section 4.13(i)]
0.00
Allocated pursuant to the Collateral Agreement [Section
4.13(j)] 2,236,602.56
Subordinated Principal Collections [Section 4.15]
32,174,898.47
Allocated to Class A Required Amount [Section 4.15(a)]
0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test]
Not Triggered
Other Amortization Events
Not Triggered
Transaction Period
REVOLVING
Principal Allocation Percentage
N/A
Principal Allocation Percentage Numerator
N/A
Available Investor Principal Collections
Investor Principal Collections
197,726,406.33
Subordinated Principal Collections
0.00
Series Allocable Miscellaneous Payments
0.00
Series 1994-1 Excess Principal Collections
0.00
[Subordinated Series Reallocated Principal Collections]
0.00
Available Investor Principal Collections
197,726,406.33
Collateral Principal Collections
21,969,600.71
Controlled Distribution Amount
N/A
Class A Monthly Principal (Due) [Section 4.09(a)]
0.00
Class A Monthly Principal (Paid)
0.00
Deficit Controlled Amortization Amount
0.00
Total Available to Pay Class B Monthly Principal
197,726,406.33
Class B Monthly Principal (Due) [Section 4.09(b)]
0.00
Class B Monthly Principal (Paid)
0.00
Collateral Monthly Principal (Due) [Section 4.09(c)]
0.00
Collateral Monthly Principal (Paid)
0.00
Series 1994-1 Principal Shortfall
0.00
Trust Excess Principal Collections
219,696,007.04
*** Funding Accounts ***
Class A Principal Funding Account deposit
N/A
Principal Distributed to Class A Certificateholders
0.00
Class A Principal Funding Account Balance
N/A
Class B Principal Funding Account deposits
0.00
Principal Distributed to Class B Certificateholders
0.00
Class B Principal Funding Account Balance
N/A
Class A Interest Payment/Deposit
from Collection Account
3,732,692.83
from Principal Funding Account
N/A
Paid to Class A Certificateholders
3,732,692.83
Principal Funding Account Balance
N/A
Class B Interest Payment/Deposit
from Collection Account
252,083.33
from Principal Funding Account
N/A
Paid to Class B Certificateholders
252,083.33
Principal Funding Account Balance
0.00
Class A Investor Charge-Offs
0.00
Reimbursement of Class A Investor Charge-Offs
0.00
Cumulative Unreimbursed Class A Investor Charge-Offs
0.00
Reduction of Class B Invested Amount (Other than Class B ICO)
0.00
Class B Investor Charge-Offs
0.00
Reimbursement of Class B Investor Charge-Offs
0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions
0.00
Reduction of the Collateral Invested Amount
0.00
Previous month's ending Collateral Invested Amount
100,000,000.00
Current Month's ending Collateral Invested Amount
100,000,000.00
Reimbursement of Collateral Invested Amount reductions
0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions
0.00
Unpaid current Allocated Servicing Fee
0.00
Reimbursement of unpaid Allocated Servicing Fee
0.00
Cumulative unreimbursed unpaid Allocated Serving Fee
0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month]
6,364,571,586.43
Average Principal outstanding based upon additional accounts
6,364,571,586.43
Principal Receivables outstanding [End of Month]
6,375,041,772.79
Finance Charge and Administrative Receivables outstanding
84,696,968.90
Class A Invested Amount
850,000,000.00
Class B Invested Amount
50,000,000.00
Collateral Invested Amount
100,000,000.00
Series Adjusted Invested Amount
1,000,000,000.00
Series Required Sellers Amount
70,000,000.00
Required Collateral Amount
100,000,000.00
Available Collateral Amount
100,000,000.00
Class A Certificate Balance
850,000,000.00
Class B Certificate Balance
50,000,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance
0.00
Deposit of Excess Collections
0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount
0.00
To reimburse Class A Investor Charge-Offs
0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount
0.00
To fund the Class B Investor Default Amount
0.00
To reimburse Class B Invested Amount reductions
0.00
Total
0.00
Deposit of Collateral Monthly Principal
0.00
Net Available
0.00
Required Cash Collateral Amount
0.00
Collateral Surplus
0.00
Cash Collateral Account Surplus
0.00
End Balance
0.00
Collateral Surplus (Prime)
0.00
Cash Collateral Account Surplus (Prime)
0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest
505,251.44
Excess
2,236,602.56
Earnings on Cash Collateral Account
0.00
Earnings on Spread, Principal Retention, and
Non-Principal Retention Accounts 0.00
Non-Principal Retention Act
0.00
Available Non-Principal Funds
2,741,854.00
Available Principal Funds
0.00
Interest Due on the CA Investor Principal Balance
468,905.54
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section
2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)]
468,905.54
Payment of CA Investor Charge-offs [CA Section
2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section
2.10(a)(iii)] 0.00
Payment to reduce CA Investor Princ. Bal. to Target
Amount, pursuant to CA Section 2 0.00
Deposit to Non-Principal Retention Account [CA Section
2.10 (a) (iv)] 0.00
Allocated to cover the Spread Account Deficiency [CA
Section 2.10(a)(v)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10 (a) 2,272,948.46
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA
Section 2.10(b)(i)] 0.00
Payment cover remaining CA Investor Charge-offs [CA
Section 2.10(b)(ii)] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to CA Section 2.10(b)(iii)
Payment of unpaid Interest
0.00
Payment of unpaid CA Investor Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account (during early
am only) [CA Section 2.10(b) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10(b)( 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest
0.00
Payment of CA Investor Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce CA Investor Princ. Balance to Target
Amount, pursuant to 2.10(a)(i 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
2,272,948.46
Monthly Excess Spread Percentage
2.73%
Bi-Monthly Excess Spread Percentage
3.92%
Quarterly Excess Spread Percentage
4.01%
Semi-Annual Excess Spread Percentage
4.92%
CA Investor Interest
CA Investor Target Invested Amount
95,000,000.00
CA Investor Principal Balance
95,000,000.00
CA Investor Invested Amount
95,000,000.00
CA Investor Charge-offs
0.00
CA Investor Percentage (after dist. this month)
95.00%
CA Residual Interest (after dist. this month)
5,000,000.00
CA Residual Invested Amount (after dist. this month)
5,000,000.00
CA Residual Target
0.00
Spread Account
Overall Spread Account Cap
5,000,000.00
Payment rate Spread Account Cap
0.00
Monthly Spread Account Cap
0.00
Bi-Monthly Spread Account Cap
5,000,000.00
Quarterly Excess Spread Cap
5,000,000.00
Semi-Annual Excess Spread Cap
5,000,000.00
Spread Account Withdrawls
0.00
Spread Account Deposits
0.00
Spread Account Amount
5,000,000.00
Spread Account Deficiency
0.00
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance
95,000,000.00
Current CA Investor Target Invested Amount
95,000,000.00
Current CA Investor Commitment Amount
0.00
CA Investor Commitment Fee Rate
0.400%
CA Investor Commitment Fee
0.00
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1994-1
15-Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.391403
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.391403
B. Calculation of Class A Certificate Rate
1. One-month LIBOR
5.496090%
2. Spread
0.150000%
3. Class A Certificate Rate
5.646090%
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of Finance Charge & Administrative
Receivables 88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class A Invested Percentage
85.0000000%
(b) Principal Allocation Percentage
N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account
NA
(b) Total amount on deposit in Principal
Funding Account
NA
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class A Investor Default Amount
4,417,181.30
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution
Date(s) with respect to the Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date
0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date
1,666,666.67
8. Deficit Controlled Amortization Amount for such Payment Date
0.00
D. Class A Pool Factor
1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date
50,000,000.00
2. Available Collateral Invested Amount as of the end of the
Payment Date 100,000,000.00
Jun-96
Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
5.041667
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
5.041667
B. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of FC&A
88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class B Invested Percentage
5.0000000%
(b) Principal Allocation Percentage
N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account
NA
(b) Total amount on deposit in Principal
Funding Account
NA
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class B Investor Default Amount
259,834.19
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any,
for the Distribution Date(s) with respect to the
Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B
Invested Amount as of the end of such Payment Date
0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date
0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date
0.00%
8. Available Collateral Invested Amount
100,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date
0.00
C. Class B Pool Factor
1.00000000
D. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1994-2
15-Jul-96
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivables)
Payment Rate
22.533%
Annualized Gross Cash Yield
16.661%
Annualized Default Rate
6.236%
Annualized Portfolio Yield
10.425%
Delinquency status of accounts:
1 payment ($)
257,235,934.72
1 payment (%)
3.98%
2 payments ($)
85,667,449.36
2 payments (%)
1.33%
3 payments or more ($)
141,275,135.76
3 payments or more (%)
2.19%
Total ($)
484,178,519.84
Total (%)
7.50%
Collections
Principal
1,365,196,297.46
Finance Charge
61,745,494.40
Fees
7,183,913.63
Allocated Interchange
19,436,098.00
Allocated Recoveries
0.00
Total
1,453,561,803.49
Aggregate Principal Shortfalls for Group 1
0.00
Adjustment Payments
0.00
Transfer Deposit Amount
0.00
Charge-Off Activity
Defaulted Receivables
34,285,108.71
Principal Recoveries
1,210,442.11
Defaulted Receivables Repurchased Pursuant to Article 2.07
0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03
0.00
Defaulted Amount
33,074,666.60
*** Reallocated Investor Finance Charge and Administrative
Collections ***
Reallocated Investor Finance Charge and Administrative Collections
14,869,679.41
Investor Defaulted Amount
5,196,683.88
Series Adjusted Portfolio Yield
11.608%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage
87.0000000%
Fixed Class A Invested Percentage
87.0000000%
Class A Monthly Interest (Due) [Section 4.08(a)]
5,075,000.00
Overdue Class A Monthly Interest (Due) [Section 4.08(a)]
0.00
Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Class A Investor Default Amount
4,521,114.98
Allocable Servicing Fee (Due) [Section 3]
1,666,666.67
Previously unpaid Allocable Servicing Fee
0.01
Class A Required Amount [Section 4.10 (a)]
0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section
4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)]
0.00
From Subordinated Principal Collections [Section 4.15(a)]
0.00
Total ("Funded Class A Required Amount")
0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)]
12,936,621.09
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)]
1,673,839.43
Funded Class A Required Amount
0.00
Excess Reallocated FC&A to cover previously unpaid Allocated
Servicing Fee [Section 4.13(f)] 0.00
Total Available for Class A Invested Percentage Allocations
11,262,781.66
Class A Monthly Interest (Paid)
5,075,000.00
Overdue Class A Monthly Interest (Paid)
0.00
Class A Additional Interest (Paid)
0.00
Overdue Class A Additional Interest (Paid)
0.00
Reimb. of Class A Investor Default Amount (Paid)
4,521,114.98
Allocable Servicing Fee (Paid)
1,666,666.67
Previously unpaid Allocable Servicing Fee (Paid)
0.01
Class A Interest Shortfall
0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage
4.0000000%
Fixed Class B Invested Percentage
4.0000000%
Class B Monthly Interest (Due) [Section 4.08(b)]
240,000.00
Overdue Class B Monthly Interest (Due) [Section 4.08(b)]
0.00
Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Class B Investor Default Amount
207,867.36
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest
0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)]
0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)]
207,867.36
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
207,867.36
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)]
594,787.18
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)]
354,787.18
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
0.00
Funded Class B Default Amount
207,867.36
Total Available for Class B Floating Allocations
447,867.36
Class B Monthly Interest (Paid)
240,000.00
Overdue Class B Monthly Interest (Paid)
0.00
Class B Additional Interest (Paid)
0.00
Overdue Class B Additional Interest (Paid)
0.00
Reimbursement Class B Investor Default Amount (Paid)
207,867.36
Class B Interest Shortfall
0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage
9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)]
454,726.30
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)]
0.00
Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Collateral Investor Default Amount
467,701.55
Collateral Invested Percentage of Reallocated FC&A
1,338,271.15
Amount that constitutes Excess FC&A [Section 2 def of Excess FC&A]
1,338,271.15
Collateral Monthly Interest (Paid)
454,726.30
Overdue Collateral Monthly Interest (Paid)
0.00
Collateral Additional Interest (Paid)
0.00
Overdue Collateral Additional Interest (Paid)
0.00
Reimbursement of Collateral Default Amount (Paid)
467,701.55
Collateral Interest Shortfall
0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)]
1,673,839.43
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)]
354,787.18
Excess from Collateral Interest Reallocated FC&A [Section 2
def] 1,338,271.15
Total
3,366,897.76
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)]
0.00
Allocated to reimburse Class A Investor Charge-Offs [Section
4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.13(d)] 207,867.36
Allocated to reimburse Class B Invested Amount reductions
[Section 4.13(e)] 0.00
Allocated to pay current or overdue Collateral Monthly
Interest,
and Collateral Additional Interest [Section 4.13 (f)]
454,726.30
Allocated to unpaid Allocated Servicing Fee from previous
periods [Section 4.13(g)] 0.00
Allocated to fund the Collateral Default Amount [Section
4.13(h)] 467,701.55
Allocated to reimburse Collateral Invested Amount reductions
[Section 4.13(i)] 0.00
Allocated to the Cash Collateral Account [Section 4.13(j)]
0.00
Allocated pursuant to the Collateral Agreement [Section
4.13(k)] 2,236,602.55
Subordinated Principal Collections [Section 4.15]
27,884,912.01
Allocated to Class A Required Amount [Section 4.15(a)]
0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test]
Not Triggered
Other Amortization Events
Not Triggered
Transaction Period
REVOLVING
Principal Allocation Percentage
N/A
Principal Allocation Percentage Numerator
N/A
Available Investor Principal Collections
Investor Principal Collections
199,923,366.41
Subordinated Principal Collections
0.00
Series Allocable Miscellaneous Payments
0.00
Series 1994-1 Excess Principal Collections
0.00
[Subordinated Series Reallocated Principal Collections]
0.00
Available Investor Principal Collections
199,923,366.41
Collateral Principal Collections
19,772,640.63
Controlled Distribution Amount
N/A
Class A Monthly Principal (Due) [Section 4.09(a)]
0.00
Class A Monthly Principal (Paid)
0.00
Deficit Controlled Amortization Amount
0.00
Total Available to Pay Class B Monthly Principal
199,923,366.41
Class B Monthly Principal (Due) [Section 4.09(b)]
0.00
Class B Monthly Principal (Paid)
0.00
Collateral Monthly Principal (Due) [Section 4.09(c)]
0.00
Collateral Monthly Principal (Paid)
0.00
Series 1994-2 Principal Shortfall
0.00
Trust Excess Principal Collections
219,696,007.04
*** Funding Accounts ***
Class A Principal Funding Account deposit
N/A
Principal Distributed to Class A Certificateholders
0.00
Class A Principal Funding Account Balance
N/A
Class B Principal Funding Account deposits
0.00
Principal Distributed to Class B Certificateholders
0.00
Class B Principal Funding Account Balance
N/A
Class A Interest Payment/Deposit
from Collection Account
5,075,000.00
from Principal Funding Account
N/A
Paid to Class A Certificateholders
5,075,000.00
Principal Funding Account Balance
N/A
Class B Interest Payment/Deposit
from Collection Account
240,000.00
from Principal Funding Account
N/A
Paid to Class B Certificateholders
240,000.00
Principal Funding Account Balance
0.00
Class A Investor Charge-Offs
0.00
Reimbursement of Class A Investor Charge-Offs
0.00
Cumulative Unreimbursed Class A Investor Charge-Offs
0.00
Reduction of Class B Invested Amount (Other than Class B ICO)
0.00
Class B Investor Charge-Offs
0.00
Reimbursement of Class B Investor Charge-Offs
0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions
0.00
Reduction of the Collateral Invested Amount
0.00
Previous month's ending Collateral Invested Amount
90,000,000.00
Current Month's ending Collateral Invested Amount
90,000,000.00
Reimbursement of Collateral Invested Amount reductions
0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions
0.00
Unpaid current Allocated Servicing Fee
0.00
Reimbursement of unpaid Allocated Servicing Fee
0.00
Cumulative unreimbursed unpaid Allocated Serving Fee
0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month]
6,364,571,586.43
Average Principal outstanding based upon additional accounts
6,364,571,586.43
Principal Receivables outstanding [End of Month]
6,375,041,772.79
Finance Charge and Administrative Receivables outstanding
84,696,968.90
Class A Invested Amount
870,000,000.00
Class B Invested Amount
40,000,000.00
Collateral Invested Amount
90,000,000.00
Series Adjusted Invested Amount
1,000,000,000.00
Series Required Sellers Amount
70,000,000.00
Required Collateral Amount
90,000,000.00
Available Collateral Amount
90,000,000.00
Class A Certificate Balance
870,000,000.00
Class B Certificate Balance
40,000,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance
0.00
Deposit of Excess Collections
0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount
0.00
To reimburse Class A Investor Charge-Offs
0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount
0.00
To fund the Class B Investor Default Amount
0.00
To reimburse Class B Invested Amount reductions
0.00
Total
0.00
Deposit of Collateral Monthly Principal
0.00
Net Available
0.00
Required Cash Collateral Amount
0.00
Collateral Surplus
0.00
Cash Collateral Account Surplus
0.00
End Balance
0.00
Collateral Surplus (Prime)
0.00
Cash Collateral Account Surplus (Prime)
0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest
454,726.30
Excess
2,236,602.55
Earnings on Cash Collateral Account
0.00
Earnings on Spread, Principal Retention, and
Non-Principal Retention Accounts 51,570.94
Non-Principal Retention Act
0.00
Volatitility Account Funds
12,365,188.14
Available Non-Principal Funds plus Volattility Account Funds
15,108,087.93
Available Principal Funds
0.00
Interest Due on the CA Investor Principal Balance
417,321.96
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section
2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)]
417,321.96
Payment of CA Investor Charge-offs [CA Section
2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section
2.10(a)(iii)] 0.00
Payment to reduce CA Investor Princ. Bal. to Target
Amount, pursuant to CA Section 2 0.00
Deposit to Non-Principal Retention Account [CA Section
2.10 (a) (iv)] 0.00
Allocated to cover the Spread Account Deficiency [CA
Section 2.10(a)(v)] 10,000,000.00
Deposit to Volatility Account [CA Section 2.10 (a) (vi)]
4,690,765.97
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10 (a) 0.00
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA
Section 2.10(b)(i)] 0.00
Payment cover remaining CA Investor Charge-offs [CA
Section 2.10(b)(ii)] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to CA Section 2.10(b)(iii)
Payment of unpaid Interest
0.00
Payment of unpaid CA Investor Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account (during early
am only) [CA Section 2.10(b) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10(b)( 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest
0.00
Payment of CA Investor Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce CA Investor Princ. Balance to Target
Amount, pursuant to 2.10(a)(i 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
2,325,577.83
Monthly Excess Spread Percentage
2.79%
Bi-Monthly Excess Spread Percentage
3.95%
Quarterly Excess Spread Percentage
4.04%
Bi-Annual Excess Spread Percentage
4.71%
CA Investor Interest
CA Investor Target Invested Amount
90,000,000.00
CA Investor Principal Balance
90,000,000.00
CA Investor Invested Amount
90,000,000.00
CA Investor Charge-offs
0.00
CA Investor Percentage (after dist. this month)
100.00%
CA Residual Interest (after dist. this month)
0.00
CA Residual Invested Amount (after dist. this month)
0.00
CA Residual Target
0.00
Spread Account
Overall Spread Account Cap
10,000,000.00
Quarterly Excess Spread Cap
10,000,000.00
Bi-Annual Excess Spread Cap
3,000,000.00
Reserved
0.00
Reserved
0.00
Spread Account Withdrawls
0.00
Spread Account Deposits
10,000,000.00
Spread Account Amount
10,000,000.00
Spread Account Deficiency
0.00
Volatility Account Amount
4,690,765.97
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance
90,000,000.00
Current CA Investor Target Invested Amount
90,000,000.00
Current CA Investor Commitment Amount
0.00
CA Investor Commitment Fee Rate
0.250%
CA Investor Commitment Fee
0.00
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1994-2
15-Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
5.833333
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
5.833333
B. Calculation of Class A Certificate Rate
Coupon
7.000000%
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of Finance Charge & Administrative
Receivables 88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class A Invested Percentage
87.0000000%
(b) Principal Allocation Percentage
N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account
NA
(b) Total amount on deposit in Principal
Funding Account
NA
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class A Investor Default Amount
4,521,114.97
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution
Date(s) with respect to the Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date
0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date
1,666,666.67
8. Deficit Controlled Amortization Amount for such Payment Date
0.00
D. Class A Pool Factor
1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date
40,000,000.00
2. Available Collateral Invested Amount as of the end of the
Payment Date 90,000,000.00
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1994-2
Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
6.000000
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
6.000000
B. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of FC&A
88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class B Invested Percentage
4.0000000%
(b) Principal Allocation Percentage
N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account
NA
(b) Total amount on deposit in Principal
Funding Account
NA
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class B Investor Default Amount
207,867.36
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any,
for the Distribution Date(s) with respect to the
Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B
Invested Amount as of the end of such Payment Date
0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date
0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date
0.00%
8. Available Collateral Invested Amount
90,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date
0.00
C. Class B Pool Factor
1.00000000
D. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1995-1
15-Jul-96
*****************************************************************
************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivables)
Payment Rate
22.533%
Annualized Gross Cash Yield
16.661%
Annualized Default Rate
6.236%
Annualized Portfolio Yield
10.425%
Delinquency status of accounts:
1 payment ($)
257,235,934.72
1 payment (%)
3.98%
2 payments ($)
85,667,449.36
2 payments (%)
1.33%
3 payments or more ($)
141,275,135.76
3 payments or more (%)
2.19%
Total ($)
484,178,519.84
Total (%)
7.50%
Collections
Principal
1,365,196,297.46
Finance Charge
61,745,494.40
Fees
7,183,913.63
Allocated Interchange
19,436,098.00
Allocated Recoveries
0.00
Total
1,453,561,803.49
Aggregate Principal Shortfalls for Group 1
0.00
Adjustment Payments
0.00
Transfer Deposit Amount
0.00
Charge-Off Activity
Defaulted Receivables
34,285,108.71
Principal Recoveries
1,210,442.11
Defaulted Receivables Repurchased Pursuant to Article 2.07
0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03
0.00
Defaulted Amount
33,074,666.60
*** Reallocated Investor Finance Charge and Administrative
Collections ***
Reallocated Investor Finance Charge and Administrative Collections
8,179,120.18
Investor Defaulted Amount
3,118,010.33
Series Adjusted Portfolio Yield
10.122%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage
87.0000000%
Fixed Class A Invested Percentage
87.0000000%
Class A Monthly Interest (Due) [Section 4.08(a)]
2,292,312.54
Overdue Class A Monthly Interest (Due) [Section 4.08(a)]
0.00
Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)]
0.00
Class A Investor Default Amount
2,712,668.99
Allocable Servicing Fee (Due) [Section 3]
1,000,000.00
Previously unpaid Allocable Servicing Fee
0.01
Class A Required Amount [Section 4.10 (a)]
0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section
4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)]
0.00
From Subordinated Principal Collections [Section 4.15(a)]
0.00
Total ("Funded Class A Required Amount")
0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)]
7,115,834.56
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)]
1,110,853.02
Funded Class A Required Amount
0.00
Excess Reallocated FC&A to cover previously unpaid Allocated
Servicing Fee [Section 4.13(f)] 0.00
Total Available for Class A Invested Percentage Allocations
6,004,981.54
Class A Monthly Interest (Paid)
2,292,312.54
Overdue Class A Monthly Interest (Paid)
0.00
Class A Additional Interest (Paid)
0.00
Overdue Class A Additional Interest (Paid)
0.00
Reimb. of Class A Investor Default Amount (Paid)
2,712,668.99
Allocable Servicing Fee (Paid)
1,000,000.00
Previously unpaid Allocable Servicing Fee (Paid)
0.01
Class A Interest Shortfall
0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage
4.0000000%
Fixed Class B Invested Percentage
4.0000000%
Class B Monthly Interest (Due) [Section 4.08(b)]
154,000.00
Overdue Class B Monthly Interest (Due) [Section 4.08(b)]
0.00
Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)]
0.00
Class B Investor Default Amount
124,720.41
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest
0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)]
0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)]
124,720.41
From Cash Collateral Account Withdrawl [Section 4.14(b)]
0.00
From Subordinated Principal Collections allocable to the
Collateral Invested Amount [Secti 0.00
Total Funded
124,720.41
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)]
327,164.81
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)]
173,164.81
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
0.00
Funded Class B Default Amount
124,720.41
Total Available for Class B Floating Allocations
278,720.41
Class B Monthly Interest (Paid)
154,000.00
Overdue Class B Monthly Interest (Paid)
0.00
Class B Additional Interest (Paid)
0.00
Overdue Class B Additional Interest (Paid)
0.00
Reimbursement Class B Investor Default Amount (Paid)
124,720.41
Class B Interest Shortfall
0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage
9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)]
272,835.78
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)]
0.00
Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)]
0.00
Collateral Investor Default Amount
280,620.93
Collateral Invested Percentage of Reallocated FC&A
736,120.82
Amount that constitutes Excess FC&A [Section 2 def of Excess FC&A]
736,120.82
Collateral Monthly Interest (Paid)
272,835.78
Overdue Collateral Monthly Interest (Paid)
0.00
Collateral Additional Interest (Paid)
0.00
Overdue Collateral Additional Interest (Paid)
0.00
Reimbursement of Collateral Default Amount (Paid)
280,620.93
Collateral Interest Shortfall
0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)]
1,110,853.02
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)]
173,164.81
Excess from Collateral Interest Reallocated FC&A [Section 2
def] 736,120.82
Total
2,020,138.65
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)]
0.00
Allocated to reimburse Class A Investor Charge-Offs [Section
4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.13(d)] 124,720.41
Allocated to reimburse Class B Invested Amount reductions
[Section 4.13(e)] 0.00
Allocated to pay current or overdue Collateral Monthly
Interest,
and Collateral Additional Interest [Section 4.13 (f)]
272,835.78
Allocated to unpaid Allocated Servicing Fee from previous
periods [Section 4.13(g)] 0.00
Allocated to fund the Collateral Default Amount [Section
4.13(h)] 280,620.93
Allocated to reimburse Collateral Invested Amount reductions
[Section 4.13(i)] 0.00
Allocated to the Cash Collateral Account [Section 4.13(j)]
0.00
Allocated pursuant to the Collateral Agreement [Section
4.13(k)] 1,341,961.53
Subordinated Principal Collections [Section 4.15]
16,730,947.21
Allocated to Class A Required Amount [Section 4.15(a)]
0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)]
0.00
Allocated to fund the Class B Investor Default Amount [Section
4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test]
Not Triggered
Other Amortization Events
Not Triggered
Transaction Period
REVOLVING
Principal Allocation Percentage
N/A
Principal Allocation Percentage Numerator
N/A
Available Investor Principal Collections
Investor Principal Collections
119,954,019.85
Subordinated Principal Collections
0.00
Series Allocable Miscellaneous Payments
0.00
Series 1995-1 Excess Principal Collections
0.00
[Subordinated Series Reallocated Principal Collections]
0.00
Available Investor Principal Collections
119,954,019.85
Collateral Principal Collections
11,863,584.38
Controlled Distribution Amount
N/A
Class A Monthly Principal (Due) [Section 4.09(a)]
0.00
Class A Monthly Principal (Paid)
0.00
Deficit Controlled Amortization Amount
0.00
Total Available to Pay Class B Monthly Principal
119,954,019.85
Class B Monthly Principal (Due) [Section 4.09(b)]
0.00
Class B Monthly Principal (Paid)
0.00
Collateral Monthly Principal (Due) [Section 4.09(c)]
0.00
Collateral Monthly Principal (Paid)
0.00
Series 1995-1 Principal Shortfall
0.00
Trust Excess Principal Collections
131,817,604.23
*** Funding Accounts ***
Class A Principal Funding Account deposit
N/A
Principal Distributed to Class A Certificateholders
0.00
Class A Principal Funding Account Balance
N/A
Class B Principal Funding Account deposits
0.00
Principal Distributed to Class B Certificateholders
0.00
Class B Principal Funding Account Balance
N/A
Class A Interest Payment/Deposit
from Collection Account
2,292,312.54
from Principal Funding Account
N/A
Paid to Class A Certificateholders
2,292,312.54
Principal Funding Account Balance
N/A
Class B Interest Payment/Deposit
from Collection Account
154,000.00
from Principal Funding Account
N/A
Paid to Class B Certificateholders
154,000.00
Principal Funding Account Balance
0.00
Class A Investor Charge-Offs
0.00
Reimbursement of Class A Investor Charge-Offs
0.00
Cumulative Unreimbursed Class A Investor Charge-Offs
0.00
Reduction of Class B Invested Amount (Other than Class B ICO)
0.00
Class B Investor Charge-Offs
0.00
Reimbursement of Class B Investor Charge-Offs
0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions
0.00
Reduction of the Collateral Invested Amount
0.00
Previous month's ending Collateral Invested Amount
54,000,000.00
Current Month's ending Collateral Invested Amount
54,000,000.00
Reimbursement of Collateral Invested Amount reductions
0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions
0.00
Unpaid current Allocated Servicing Fee
0.00
Reimbursement of unpaid Allocated Servicing Fee
0.00
Cumulative unreimbursed unpaid Allocated Serving Fee
0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month]
6,364,571,586.43
Average Principal outstanding based upon additional accounts
6,364,571,586.43
Principal Receivables outstanding [End of Month]
6,375,041,772.79
Finance Charge and Administrative Receivables outstanding
84,696,968.90
Class A Invested Amount
522,000,000.00
Class B Invested Amount
24,000,000.00
Collateral Invested Amount
54,000,000.00
Series Adjusted Invested Amount
600,000,000.00
Series Required Sellers Amount
42,000,000.00
Required Collateral Amount
54,000,000.00
Available Collateral Amount
54,000,000.00
Class A Certificate Balance
522,000,000.00
Class B Certificate Balance
24,000,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance
0.00
Deposit of Excess Collections
0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount
0.00
To reimburse Class A Investor Charge-Offs
0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount
0.00
To fund the Class B Investor Default Amount
0.00
To reimburse Class B Invested Amount reductions
0.00
Total
0.00
Deposit of Collateral Monthly Principal
0.00
Net Available
0.00
Required Cash Collateral Amount
0.00
Collateral Surplus
0.00
Cash Collateral Account Surplus
0.00
End Balance
0.00
Collateral Surplus (Prime)
(0.00)
Cash Collateral Account Surplus (Prime)
(0.00)
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest
272,835.78
Excess
1,341,961.53
Earnings on Cash Collateral Account
0.00
Earnings on Spread,Volatility, Principal Retention and
Non-Prin Retention Accounts 31,008.66
Non-Principal Retention Account
0.00
Volatitility Account Funds
7,434,960.32
Available Non-Principal Funds plus Volatility Account Funds
9,080,766.29
Available Principal Funds
0.00
Interest Due on the CA Investor Principal Balance
246,585.78
Fees, expenses and other amounts due
0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section
2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)]
246,585.78
Payment of CA Investor Charge-offs [CA Section
2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section
2.10(a)(iii)] 0.00
Payment to reduce CA Investor Princ. Bal. to Target
Amount, pursuant to CA Section 2 0.00
Deposit to Non-Principal Retention Account [CA Section
2.10 (a) (iv)] 0.00
Allocated to cover the Spread Account Deficiency [CA
Section 2.10(a)(v)] 6,000,000.00
Deposit to Volatility Account [CA Section 2.10 (a) (vi)]
2,834,180.51
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10 (a) 0.00
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA
Section 2.10(b)(i)] 0.00
Payment cover remaining CA Investor Charge-offs [CA
Section 2.10(b)(ii)] 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to CA Section 2.10(b)(iii)
Payment of unpaid Interest
0.00
Payment of unpaid CA Investor Charge-offs
0.00
Payment of unpaid fees, expenses and other amounts
0.00
Deposit to the Principal Retention Account (during early
am only) [CA Section 2.10(b) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest
Holder) [CA Section 2.10(b)( 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest
0.00
Payment of CA Investor Charge-offs
0.00
Payment of fees, expenses and other amounts
0.00
Payment to reduce CA Investor Princ. Balance to Target
Amount, pursuant to 2.10(a)(i 0.00
Excess of Spread Amount over Spread Cap to CA Residual
Interest 0.00
Current Excess Spread
1,399,220.19
Monthly Excess Spread Percentage
2.80%
Bi-Monthly Excess Spread Percentage
3.96%
Quarterly Excess Spread Percentage
4.04%
Bi-Annual Excess Spread Percentage
4.94%
CA Investor Interest
CA Investor Target Invested Amount
54,000,000.00
CA Investor Principal Balance
54,000,000.00
CA Investor Invested Amount
54,000,000.00
CA Investor Charge-offs
0.00
CA Investor Percentage (after dist. this month)
100.00%
CA Residual Interest (after dist. this month)
0.00
CA Residual Invested Amount (after dist. this month)
0.00
CA Residual Target
0.00
Spread Account
Overall Spread Account Cap
6,000,000.00
Quarterly Excess Spread Cap
6,000,000.00
Bi-Annual Excess Spread Cap
3,000,000.00
Reserved
0.00
Reserved
0.00
N/A
Spread Account Withdrawls
0.00
Spread Account Deposits
6,000,000.00
Spread Account Amount
6,000,000.00
Spread Account Deficiency
0.00
Volatility Account Amount
2,834,180.51
Principal Retention Account
0.00
Non-Principal Retention Account
0.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance
54,000,000.00
Current CA Investor Target Invested Amount
54,000,000.00
Current CA Investor Commitment Amount
0.00
CA Investor Commitment Fee Rate
CA Investor Commitment Fee
0.00
Household Finance Corporation
Household Affinity Funding Corporation
Jun-96
Household Affinity Credit Card Master Trust I, Series 1995-1
15-Jul-96
15-Jul-96
*****************************************************************
************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest
4.391403
2. Principal distribution per $1,000 interest
0.000000
3. Interest distribution per $1,000 interest
4.391403
B. Calculation of Class A Certificate Rate
1. One-month LIBOR
5.496090%
2. Spread
0.150000%
3. Class A Certificate Rate
5.646090%
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections
1,453,561,803.49
(b) Collections of Finance Charge & Administrative
Receivables 88,365,506.03
(c) Collections of Principal
1,365,196,297.46
2. Allocation of Receivables
(a) Class A Invested Percentage
87.0000000%
(b) Principal Allocation Percentage
N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account
NA
(b) Total amount on deposit in Principal
Funding Account
NA
4. Delinquent Balances
(a) Delinquent one payment -- ($)
257,235,934.72
(%)
3.98%
(b) Delinquent two payments -- ($)
85,667,449.36
(%)
1.33%
(c) Delinquent three or more payments -- ($)
141,275,135.76
(%)
2.19%
5. Class A Investor Default Amount
2,712,668.99
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution
Date(s) with respect to the Payment Date
0.00
(b) The amount of Item 6(a) per $1,000 interest
0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest
0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date
0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date
1,000,000.00
8. Deficit Controlled Amortization Amount for such Payment Date
0.00
D. Class A Pool Factor
1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period
6,375,041,772.79
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period
84,696,968.90
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date
24,000,000.00
2. Available Collateral Invested Amount as of the end of the
Payment Date 54,000,000.00
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