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 September 16, 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
September 16, 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
September 16, 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
September 16, 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
September 16, 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
September 16, 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-
99(f) Statement to Certificateholders with respect to the distribution on
September 16, 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/ J. W. Blenke
Dated: September 25, 1996 J. W. Blenke, Authorized Representative
-3-<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
5
99(a) Statement to Certificateholders with respect to the
distribution on September 16, 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 September 16, 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 September 16, 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 September 16, 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 September 16, 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 September 16, 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-
<TABLE>
<CAPTION>
*************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-1 Sep-96
*************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
<S> <C> <S> <C> <C>
Payment Rate 24.455%
Annualized Gross Cash Yield 18.699%
Annualized Default Rate 6.450%
Annualized Portfolio Yield 12.249%
Delinquency status of accounts:
1 payment ($) 221,153,606.97
1 payment (%) 3.47%
2 payments ($) 74,417,338.96
2 payments (%) 1.17%
3 payments or more ($) 148,467,797.74
3 payments or more (%) 2.33%
Total ($) 444,038,743.67
Total (%) 6.96%
Collections
Principal 1,445,295,203.87
Finance Charge 65,558,723.64
Fees 9,724,149.07
Allocated Interchange 21,063,548.00
Allocated Recoveries 540,991.03
Total 1,542,182,615.61
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 34,790,998.29
Principal Recoveries 1,372,460.10
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 33,418,538.19
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 16,360,107.81
Investor Defaulted Amount 5,690,871.07
Series Adjusted Portfolio Yield 12.092%
*** 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)] 4,497,504.00
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 4,837,219.99
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)] 13,906,032.92
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,806,595.60
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee [Section 4.13( 0.00
Total Available for Class A Invested Percentage Allocations 11,099,437.32
Class A Monthly Interest (Paid) 4,497,504.00
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) 4,837,219.99
Allocable Servicing Fee (Paid) 1,764,713.33
Previously unpaid Allocable Servicing Fee (Paid) 0.00
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 284,562.90
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 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 284,562.90
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral Invested Amount 0.00
Total Funded 284,562.90
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 818,061.01
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 584,220.59
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 284,562.90
Total Available for Class B Floating Allocations 518,403.32
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) 284,562.90
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000189%
Collateral Monthly Interest (Due) [Section 4.08(c)] 604,415.93
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 569,088.18
Collateral Invested Percentage of Reallocated FC&A [Section 4.11(b-1)] 1,636,013.87
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)] 1,031,597.94
From Excess Reallocated FC&A to Fund Collateral Investor Default Amount [Section 4.13(g)] 569,088.18
Total Available for Collateral Invested Percentage Allocations 1,173,504.11
Collateral Monthly Interest (Paid) 604,415.93
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) 569,088.18
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)] 2,806,595.60
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 584,220.59
Excess Collateral Interest Reallocated FC&A [Section 4.11(b-1)(ii)] 1,031,597.94
Total 4,422,414.13
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)] 284,562.90
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)] 569,088.18
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)] 3,568,763.05
Subordinated Principal Collections [Section 4.15] 36,918,964.27
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 226,630,222.25
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 226,630,222.25
Collateral Principal Collections 25,181,188.65
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 226,630,222.25
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 251,811,410.90
*** 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 4,497,504.00
from Principal Funding Account N/A
Paid to Class A Certificateholders 4,497,504.00
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] 6,217,762,366.21
Average Principal outstanding based upon additional accounts 6,217,762,366.21
Principal Receivables outstanding 6,300,312,024.87
Finance Charge and Administrative Receivables outstanding 80,368,381.38
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 604,415.93
Excess 3,568,763.05
Earnings on Cash Collateral Account 0.00
Earnings on Spread, Principal Retention, and Non-Principal Retention Account 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 4,173,178.98
Available Principal Funds 0.00
Interest Due on the CA Bank Principal Balance 436,495.66
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)] 436,495.66
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 Sect 0.00
Payment to reduce CA Bank Princ. Balance to Target Amount, pursuant to CA Sect 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/ 3,736,683.32
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. 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) 0.00
Payment to reduce CA Bank Princ. Balance to Target Amount, pursuant to 2.10(a) 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 3,736,683.32
Excess Spread Percentage 4.23%
Quarterly Excess Spread Percentage 4.22%
Semi-Annual Excess Spread Percentage 4.72%
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 Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-1 16-Sep-96
*************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.997227
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.997227
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate 0.000000%
a. One-month LIBOR 5.421880%
b. Spread 0.200000%
c. Class A Certificate Rate 5.621880%
2. Beginning Invested Amount 900,000,000.00
3. Number of Days in the Interest Period 32
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of Finance Charge & Administrative Receivables 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9996411%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class A Investor Default Amount 4,837,219.98
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 0.00
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 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
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 31-Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-1 16-Sep-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 $1,000 interest 4.416667
B. Calculation of Class B Interest
1. Class B Coupon 5.30%
2. Beginning Invested Amount 52,945,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of FC&A 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0003400%
(b) Principal Allocation Percentage N/A
0
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
0
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
0
5. Class B Investor Default Amount 284,562.90
0
CLASS B CERTIFICATEHOLDER'S STATEMENT
0
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
0
8. Available Collateral Invested Amount 105,883,000.00
0
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
0
D. Class B Pool Factor 1.0000000
0
E. Receivables Balances
0
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
*******************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-2 16-Sep-96
*******************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.455%
Annualized Gross Cash Yield 18.699%
Annualized Default Rate 6.450%
Annualized Portfolio Yield 12.249%
Delinquency status of accounts:
1 payment ($) 221,153,606.97
1 payment (%) 3.47%
2 payments ($) 74,417,338.96
2 payments (%) 1.17%
3 payments or more ($) 148,467,797.74
3 payments or more (%) 2.33%
Total ($) 444,038,743.67
Total (%) 6.96%
Collections
Principal 1,445,295,203.87
Finance Charge 65,558,723.64
Fees 9,724,149.07
Allocated Interchange 21,063,548.00
Allocated Recoveries 540,991.03
Total 1,542,182,615.61
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 34,790,998.29
Principal Recoveries 1,372,460.10
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 33,418,538.19
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 8,938,348.55
Investor Defaulted Amount 3,161,585.48
Series Adjusted Portfolio Yield 11.785%
*** 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 2,687,344.43
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)] 7,597,587.15
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 1,596,516.06
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee [Section 4.13( 0.00
Total Available for Class A Invested Percentage Allocations 6,001,071.09
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) 2,687,344.43
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 158,080.35
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 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 158,080.35
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral Invested Amount 0.00
Total Funded 158,080.35
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 446,920.47
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 302,311.47
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 158,080.35
Total Available for Class B Floating Allocations 302,689.35
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) 158,080.35
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000680%
Collateral Monthly Interest (Due) [Section 4.08(c)] 335,787.26
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 316,160.70
Collateral Invested Percentage of Reallocated FC&A [Section 4.11(b-1)] 893,840.93
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)] 558,053.67
From Excess Reallocated FC&A to Fund Collateral Investor Default Amount [Section 4.13(g)] 316,160.70
Total Available for Collateral Invested Percentage Allocations 651,947.96
Collateral Monthly Interest (Paid) 335,787.26
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) 316,160.70
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)] 1,596,516.06
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 302,311.47
Excess Collateral Interest Reallocated FC&A [Section 4.11(b-1)(ii)] 558,053.67
Total 2,456,881.20
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)] 158,080.35
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)] 316,160.70
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)] 1,982,640.15
Subordinated Principal Collections [Section 4.15] 20,510,122.47
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 125,905,229.80
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 125,905,229.80
Collateral Principal Collections 13,989,575.68
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 125,905,229.80
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 139,894,805.48
*** 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] 6,217,762,366.21
Average Principal outstanding based upon additional accounts 6,217,762,366.21
Principal Receivables outstanding 6,300,312,024.87
Finance Charge and Administrative Receivables outstanding 80,368,381.38
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 335,787.26
Excess 1,982,640.15
Earnings on Cash Collateral Account 13,895.52
Earnings on Spread, Principal Retention, and Non-Principal Retention Account 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 2,332,322.93
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 258,172.21
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)] 258,172.21
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 Sec 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/ 2,074,150.72
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 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) [CA Section 2. 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 2.1 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pursuant to 2.1 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 2,074,150.72
Excess Spread Percentage 4.23%
Quarterly Excess Spread Percentage 4.20%
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 2,074,150.72
Available Principal Funds 0.00
Interest Due on the SCA Investor Principal Balance 55,858.33
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 ] 55,858.33
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 Se 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 2,018,292.39
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 Se 0.00
Payment to reduce SCA Investor Princ. Balance to Target Amount, pursuant to Se 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 2,018,292.39
Monthly Excess Spread Percentage 4.12%
Bi-Monthly Excess Spread Percentage 4.78%
Quarterly Excess Spread Percentage 4.09%
Semi-annual Excess Spread Percentage 4.58%
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 2,941,200.00
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
<PAGE>
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-2 16-Sep-96
16-Sep-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 $1,000 interest 4.666667
B. Calculation of Class A Interest
1. Class A Certificate Coupon 5.60%
2. Beginning Invested Amount 500,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of Finance Charge & Administrative Receivables 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9998980%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class A Investor Default Amount 2,687,344.43
CLASS A CERTIFICATEHOLDER'S STATEMENT
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 1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
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
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-2 Sep-96
*********************************************************************
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 $1,000 interest 4.916667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 5.9000%
2. Beginning Class B Invested Amount 29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of FC&A 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000340%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.000000
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
2.33%
5. Class B Investor Default Amount 158,080.35
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 0.000000
(b) The amount of Item 6(a) per $1,000 interest 0.000000
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions 0.000000
(d) The amount of Item 6(c) per $1,000 interest 0.000000
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.000000
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.000000
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the 0.000000
Payment Date 0.000000
8. Available Collateral Invested Amount 58,824,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
<PAGE>
***************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-3 16-Sep-96
***************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.455%
Annualized Gross Cash Yield 18.699%
Annualized Default Rate 6.450%
Annualized Portfolio Yield 12.249%
Delinquency status of accounts:
1 payment ($) 221,153,606.97
1 payment (%) 3.47%
2 payments ($) 74,417,338.96
2 payments (%) 1.17%
3 payments or more ($) 148,467,797.74
3 payments or more (%) 2.33%
Total ($) 444,038,743.67
Total (%) 6.96%
Collections
Principal 1,445,295,203.87
Finance Charge 65,558,723.64
Fees 9,724,149.07
Allocated Interchange 21,063,548.00
Allocated Recoveries 540,991.03
Total 1,542,182,615.61
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 34,790,998.29
Principal Recoveries 1,372,460.10
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 33,418,538.19
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 9,067,010.72
Investor Defaulted Amount 3,161,585.48
Series Adjusted Portfolio Yield 12.047%
*** 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)] 2,485,280.00
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 2,687,344.43
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)] 7,706,949.86
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 1,553,932.09
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee [Section 4.13( 0.00
Total Available for Class A Invested Percentage Allocations 6,153,017.77
Class A Monthly Interest (Paid) 2,485,280.00
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) 2,687,344.43
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 158,080.35
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 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 158,080.35
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral Invested Amount 0.00
Total Funded 158,080.35
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 453,353.62
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 332,029.12
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 158,080.35
Total Available for Class B Floating Allocations 279,404.85
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) 158,080.35
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000680%
Collateral Monthly Interest (Due) [Section 4.08(c)] 335,787.26
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 316,160.70
Collateral Invested Percentage of Reallocated FC&A [Section 4.11(b-1)] 906,707.24
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)] 570,919.98
From Excess Reallocated FC&A to Fund Collateral Investor Default Amount [Section 4.13(g)] 316,160.70
Total Available for Collateral Invested Percentage Allocations 651,947.96
Collateral Monthly Interest (Paid) 335,787.26
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) 316,160.70
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)] 1,553,932.09
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 332,029.12
Excess Collateral Interest Reallocated FC&A [Section 4.11(b-1)(ii)] 570,919.98
Total 2,456,881.19
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)] 158,080.35
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)] 316,160.70
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)] 1,982,640.14
Subordinated Principal Collections [Section 4.15] 20,510,122.47
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 125,905,229.80
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 125,905,229.80
Collateral Principal Collections 13,989,575.68
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 125,905,229.80
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 139,894,805.48
*** 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 2,485,280.00
from Principal Funding Account N/A
Paid to Class A Certificateholders 2,485,280.00
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] 6,217,762,366.21
Average Principal outstanding based upon additional accounts 6,217,762,366.21
Principal Receivables outstanding [End of Month] 6,300,312,024.87
Finance Charge and Administrative Receivables outstanding 80,368,381.38
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 335,787.26
Excess 1,982,640.14
Earnings on Cash Collateral Account 13,895.52
Earnings on Spread, Principal Retention, and Non-Principal Retention Account 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 2,332,322.92
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 256,080.69
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)] 256,080.69
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 Sec 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/ 2,076,242.23
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 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) [CA Section 2. 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 2.1 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pursuant to 2.1 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 2,076,242.23
Monthly Excess Spread Percentage 4.24%
Quarterly Excess Spread Percentage 4.21%
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 2,076,242.23
Available Principal Funds 0.00
Interest Due on the SCA Investor Principal Balance 55,466.17
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 ] 55,466.17
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 Se 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 2,020,776.06
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 Se 0.00
Payment to reduce SCA Investor Princ. Balance to Target Amount, pursuant to Se 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 2,020,776.06
Monthly Excess Spread Percentage 4.12%
Bi-Monthly Excess Spread Percentage 4.78%
Quarterly Excess Spread Percentage 4.10%
Semi-annual Excess Spread Percentage 4.59%
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 2,941,200.00
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
<PAGE>
**************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-3 16-Sep-96
16-Sep-96
**************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.970560
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.970560
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.421880%
(b) Spread 0.170000%
(c) Class A Certificate Rate 5.591880%
2. Beginning Invested Amount 500,000,000.00
3. Days in the Interest Period 32
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of Finance Charge & Administrative Receivables 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9998980%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class A Investor Default Amount 2,687,344.43
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 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
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
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1993-3 16-Sep-96
16-Sep-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 $1,000 interest 4.125000
B. Calculation of Class B Interest
1. Class B Certificate Coupon 4.9500%
2. Beginning Class B Invested Amount 29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of FC&A 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class B Invested Percentage 5.000034000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class B Investor Default Amount 158,080.35
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00
8. Available Collateral Invested Amount 58,824,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
<PAGE>
******************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1994-1 16-Sep-96
*****************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.455%
Annualized Gross Cash Yield 18.699%
Annualized Default Rate 6.450%
Annualized Portfolio Yield 12.249%
Delinquency status of accounts:
1 payment ($) 221,153,606.97
1 payment (%) 3.47%
2 payments ($) 74,417,338.96
2 payments (%) 1.17%
3 payments or more ($) 148,467,797.74
3 payments or more (%) 2.33%
Total ($) 444,038,743.67
Total (%) 6.96%
Collections
Principal 1,445,295,203.87
Finance Charge 65,558,723.64
Fees 9,724,149.07
Allocated Interchange 21,063,548.00
Allocated Recoveries 540,991.03
Total 1,542,182,615.61
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 34,790,998.29
Principal Recoveries 1,372,460.10
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 33,418,538.19
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 15,444,621.75
Investor Defaulted Amount 5,374,688.87
Series Adjusted Portfolio Yield 12.084%
*** 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)] 4,209,864.89
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 4,568,485.54
Allocable Servicing Fee (Due) [Section 3] 1,666,666.67
Previously unpaid Allocable Servicing Fee (0.00)
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)] 13,127,928.49
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,682,911.39
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee [Section 4.13( 0.00
Total Available for Class A Invested Percentage Allocations 10,445,017.10
Class A Monthly Interest (Paid) 4,209,864.89
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) 4,568,485.54
Allocable Servicing Fee (Paid) 1,666,666.67
Previously unpaid Allocable Servicing Fee (Paid) 0.00
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 268,734.44
0
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 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 268,734.44
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral Invested Amount 0.00
Total Funded 268,734.44
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 772,231.09
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 520,147.76
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 268,734.44
Total Available for Class B Floating Allocations 520,817.77
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) 268,734.44
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 570,833.78
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 537,468.89
Collateral Invested Percentage of Reallocated FC&A [Section 4.11(b-1)] 1,544,462.18
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)] 973,628.40
From Excess Reallocated FC&A to Fund Collateral Investor Default Amount [Section 4.13(g)] 537,468.89
Total Available for Collateral Invested Percentage Allocations 1,108,302.67
Collateral Monthly Interest (Paid) 570,833.78
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) 537,468.89
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)] 2,682,911.39
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 520,147.76
Excess Collateral Interest Reallocated FC&A [Section 4.11(b-1)(ii)] 973,628.40
Total 4,176,687.55
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)] 268,734.44
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)] 537,468.89
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)] 3,370,484.22
Subordinated Principal Collections [Section 4.15] 34,866,929.26
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 214,038,795.54
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 214,038,795.54
Collateral Principal Collections 23,782,088.40
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 214,038,795.54
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 237,820,883.94
*** 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 4,209,864.89
from Principal Funding Account N/A
Paid to Class A Certificateholders 4,209,864.89
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 (0.00)
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,217,762,366.21
Average Principal outstanding based upon additional accounts 6,217,762,366.21
Principal Receivables outstanding [End of Month] 6,300,312,024.87
Finance Charge and Administrative Receivables outstanding 80,368,381.38
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 570,833.78
Excess 3,370,484.22
Earnings on Cash Collateral Account 23,622.19
Earnings on Spread, Principal Retention, and Non-Principal Retention Account 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 3,964,940.19
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 529,625.42
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)] 529,625.42
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 Sec 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. 3,435,314.77
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 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) [CA Section 2. 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 2.1 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 3,435,314.77
Monthly Excess Spread Percentage 4.12%
Bi-Monthly Excess Spread Percentage 4.78%
Quarterly Excess Spread Percentage 4.10%
Semi-Annual Excess Spread Percentage 4.59%
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
<PAGE>
***********************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1994-1 16-Sep-96
16-Sep-96
***********************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.952782
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.952782
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.421880%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.571880%
2. Beginning Invested Amount 850,000,000.00
3. Days in the Interest Period 32
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of Finance Charge & Administrative Receivables 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class A Invested Percentage 85.000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class A Investor Default Amount 4,568,485.54
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 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
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
<PAGE>
***************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1994-1 16-Sep-96
16-Sep-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 $1,000 interest 5.041667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 6.050000%
2. Beginning Class B Invested Amount 50,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of FC&A 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class B Investor Default Amount 268,734.44
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00
8. Available Collateral Invested Amount 100,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
<PAGE>
******************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1994-2 16-Sep-96
*******************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.455%
Annualized Gross Cash Yield 18.699%
Annualized Default Rate 6.450%
Annualized Portfolio Yield 12.249%
Delinquency status of accounts:
1 payment ($) 221,153,606.97
1 payment (%) 3.47%
2 payments ($) 74,417,338.96
2 payments (%) 1.17%
3 payments or more ($) 148,467,797.74
3 payments or more (%) 2.33%
Total ($) 444,038,743.67
Total (%) 6.96%
Collections
Principal 1,445,295,203.87
Finance Charge 65,558,723.64
Fees 9,724,149.07
Allocated Interchange 21,063,548.00
Allocated Recoveries 540,991.03
Total 1,542,182,615.61
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 34,790,998.29
Principal Recoveries 1,372,460.10
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 33,418,538.19
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 16,240,590.15
Investor Defaulted Amount 5,374,688.87
Series Adjusted Portfolio Yield 13.039%
*** 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 4,675,979.32
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)] 14,129,313.43
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,711,667.43
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee [Section 4.13( 0.00
Total Available for Class A Invested Percentage Allocations 11,417,646.00
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) 4,675,979.32
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 214,987.55
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 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 214,987.55
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral Invested Amount 0.00
Total Funded 214,987.55
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 649,623.61
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 409,623.61
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 214,987.55
Total Available for Class B Floating Allocations 454,987.55
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) 214,987.55
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 513,750.40
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 483,722.00
Collateral Invested Percentage of Reallocated FC&A 1,461,653.11
Amount that constitutes Excess FC&A [Section 2 def of Excess FC&A] 1,461,653.11
Collateral Monthly Interest (Paid) 513,750.40
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) 483,722.00
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)] 2,711,667.43
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 409,623.61
Excess from Collateral Interest Reallocated FC&A [Section 2 def] 1,461,653.11
Total 4,582,944.15
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)] 214,987.55
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)] 513,750.40
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)] 483,722.00
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)] 3,370,484.20
Subordinated Principal Collections [Section 4.15] 30,218,005.36
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 216,417,004.39
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 216,417,004.39
Collateral Principal Collections 21,403,879.56
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 216,417,004.39
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 237,820,883.95
*** 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] 6,217,762,366.21
Average Principal outstanding based upon additional accounts 6,217,762,366.21
Principal Receivables outstanding [End of Month] 6,300,312,024.87
Finance Charge and Administrative Receivables outstanding 80,368,381.38
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 513,750.40
Excess 3,370,484.20
Earnings on Cash Collateral Account 0.00
Earnings on Spread, Principal Retention, and Non-Principal Retention Account 69,405.61
Non-Principal Retention Act 0.00
Volatility Account Funds 4,690,765.97
Available Non-Principal Funds plus Volatility Account Funds 8,644,406.18
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 470,485.79
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)] 470,485.79
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 Sec 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
Deposit to Volatility Account [CA Section 2.10 (a) (vi)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) [CA Section 2. 8,173,920.39
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 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) [CA Section 2. 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 2.1 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 3,483,154.42
Monthly Excess Spread Percentage 4.18%
Volatility Event NO
Bi-Monthly Excess Spread Percentage 4.85%
Quarterly Excess Spread Percentage 4.17%
Bi-Annual Excess Spread Percentage 4.62%
CA Investor Interest 0.00
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 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 5,000,000.00
Reserved 0.00
Reserved 0.00
Spread Account Withdrawls 0.00
Spread Account Deposits 0.00
Spread Account Amount 10,000,000.00
Spread Account Deficiency 0.00
Volatility Account Amount 0.00
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 0.25%
CA Investor Commitment Fee 0.00
<PAGE>
*************************************************************
Household Finance Corporation
Household Affinity Funding Corporation 31-Aug-96
Household Affinity Credit Card Master Trust I, Series 1994-2 16-Sep-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 $1,000 interest 5.833333
B. Calculation of Class A Interest
1. Class A Certificate Coupon 7.0000000%
2. Beginning Invested Amount 870,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of Finance Charge & Administrative Receivables 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class A Investor Default Amount 4,675,979.31
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 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
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
<PAGE>
************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1994-2 Sep-96
16-Sep-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 $1,000 interest 6.000000
B. Calculation of Class B Interest
1. Class B Certificate Coupon 7.2000000%
2. Beginning Class B Invested Amount 40,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of FC&A 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class B Invested Percentage 4.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class B Investor Default Amount 214,987.55
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 90,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
<PAGE>
**************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Aug-96
Household Affinity Credit Card Master Trust I, Series 1995-1 16-Sep-96
************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.455%
Annualized Gross Cash Yield 18.699%
Annualized Default Rate 6.450%
Annualized Portfolio Yield 12.249%
Delinquency status of accounts:
1 payment ($) 221,153,606.97
1 payment (%) 3.47%
2 payments ($) 74,417,338.96
2 payments (%) 1.17%
3 payments or more ($) 148,467,797.74
3 payments or more (%) 2.33%
Total ($) 444,038,743.67
Total (%) 6.96%
Collections
Principal 1,445,295,203.87
Finance Charge 65,558,723.64
Fees 9,724,149.07
Allocated Interchange 21,063,548.00
Allocated Recoveries 540,991.03
Total 1,542,182,615.61
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 34,790,998.29
Principal Recoveries 1,372,460.10
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 33,418,538.19
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 9,294,706.42
Investor Defaulted Amount 3,224,813.33
Series Adjusted Portfolio Yield 12.140%
*** 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)] 2,585,352.32
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 2,805,587.60
Allocable Servicing Fee (Due) [Section 3] 1,000,000.00
Previously unpaid Allocable Servicing Fee 0.00
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)] 8,086,394.59
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 1,695,454.67
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee [Section 4.13( 0.00
Total Available for Class A Invested Percentage Allocations 6,390,939.92
Class A Monthly Interest (Paid) 2,585,352.32
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) 2,805,587.60
Allocable Servicing Fee (Paid) 1,000,000.00
Previously unpaid Allocable Servicing Fee (Paid) 0.00
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 128,992.53
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 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 128,992.53
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral Invested Amount 0.00
Total Funded 128,992.53
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 371,788.26
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 217,788.26
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 128,992.53
Total Available for Class B Floating Allocations 282,992.53
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) 128,992.53
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 308,250.24
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 290,233.20
Collateral Invested Percentage of Reallocated FC&A 836,523.58
Amount that constitutes Excess FC&A [Section 2 def of Excess FC&A] 836,523.58
Collateral Monthly Interest (Paid) 308,250.24
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) 290,233.20
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)] 1,695,454.67
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 217,788.26
Excess from Collateral Interest Reallocated FC&A [Section 2 def] 836,523.58
Total 2,749,766.51
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)] 128,992.53
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)] 308,250.24
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)] 290,233.20
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)] 2,022,290.54
Subordinated Principal Collections [Section 4.15] 18,130,803.22
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 129,850,202.64
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 129,850,202.64
Collateral Principal Collections 12,842,327.73
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 129,850,202.64
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 142,692,530.37
*** 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 2,585,352.32
from Principal Funding Account N/A
Paid to Class A Certificateholders 2,585,352.32
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 0.00
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,217,762,366.21
Average Principal outstanding based upon additional accounts 6,217,762,366.21
Principal Receivables outstanding [End of Month] 6,300,312,024.87
Finance Charge and Administrative Receivables outstanding 80,368,381.38
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 308,250.24
Excess 2,022,290.54
Earnings on Cash Collateral Account 0.00
Earnings on Spread,Volatility, Principal Retention and Non-Prin Retention Acc 41,736.54
Non-Principal Retention Account 0.00
Volatitility Account Funds 2,834,180.51
Available Non-Principal Funds plus Volatility Account Funds 5,206,457.83
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 277,583.58
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)] 277,583.58
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 Sec 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
Deposit to Volatility Account [CA Section 2.10 (a) (vi)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) [CA Section 2. 4,928,874.25
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 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) [CA Section 2. 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 2.1 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 2,094,693.74
Monthly Excess Spread Percentage 4.19%
Volatility Event NO
Bi-Monthly Excess Spread Percentage 4.86%
Quarterly Excess Spread Percentage 4.18%
Bi-Annual Excess Spread Percentage
CA Investor Interest 0.00
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 0.00
Spread Account Amount 6,000,000.00
Spread Account Deficiency 0.00
Volatility Account Amount 0.00
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
<PAGE>
*******************************************************************
Household Finance Corporation
Household Affinity Funding Corporation 31-Aug-96
Household Affinity Credit Card Master Trust I, Series 1995-1 16-Sep-96
********************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.952782
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.952782
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.421880%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.571880%
2. Beginning Invested Amount 522,000,000.00
3. Days in the Interest Period 32
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,542,182,615.61
(b) Collections of Finance Charge & Administrative Receivables 96,887,411.74
(c) Collections of Principal 1,445,295,203.87
2. Allocation of Receivables
(a) Class A Invested Percentage 87.000000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) Delinquent one payment -- ($) 221,153,606.97
(%) 3.47%
(b) Delinquent two payments -- ($) 74,417,338.96
(%) 1.17%
(c) Delinquent three or more payments -- ($) 148,467,797.74
(%) 2.33%
5. Class A Investor Default Amount 2,805,587.60
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 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,300,312,024.87
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 80,368,381.38
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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