FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: September 15, 1997
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 (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation of Number of
of Master Servicer) 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 15, 1997 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 September 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 15, 1997 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 15, 1997 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 15, 1997 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 15, 1997 provided under Section 6 of the Series 1994-2
Supplement dated as of September 1, 1994 to the Amended and
Restated Pooling and Servicing Agreement, with respect to Class A
and Class B Credit Card Participation Certificates, Series 1994-2.
-2-
<PAGE>
99(f) Statement to Certificateholders with respect to the distribution on
September 15, 1997 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.
99(g) Statement to Certificateholders with respect to the distribution on
September 15, 1997 provided under Section 6 of the Series 1997-1
Supplement dated as of March 1, 1997 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1997-1.
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, the Class A and Class B Credit Card Participation Certificates,
Series 1995-1, and the Class A and Class B Credit Card Participation
Certificates, Series 1997-1 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 29, 1997 J. W. Blenke
------------------ Authorized Representative
-3-<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
- ------ ------- ----
6
99(a) Statement to Certificateholders with respect to the
distribution on September 15, 1997 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 September 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 15, 1997 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 15, 1997 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 15, 1997 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 15, 1997 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.
- 4 -<PAGE>
67
99(f) Statement to Certificateholders with respect to the
distribution on September 15, 1997 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.
80
99(g) Statement to Certificateholders with respect to the
distribution on September 15, 1997 provided under Section
6 of the Series 1997-1 Supplement dated as of March 1,
1997 to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1997-1.
-5-
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1993-1
The undersigned, a duly authorized representative of Household
Finance Corporation, as Servicer (the Servicer), pursuant to the Amended and
Restated Pooling and Servicing Agreement, dated as of August 1, 1993 (the
Pooling and Servicing Agreement), by and among Household Affinity Funding
Corporation, as Transferor, the Servicer, and The Bank of New York, as
Trustee, does hereby certify with respect to the information set forth below
as follows:
1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Pooling and Servicing Agreement.
2. Household Finance Corporation is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on September
15, 1997
5. Trust Information.
(a) The aggregate amount of Collections processed for the Due Period
preceding such Distribution Date was equal to .......$1,388,279,951.41
(b) The aggregate amount of such Collections with respect to Principal
Receivables for the Due Period preceding such Distribution Date was
equal to...............................................$1,295,779,361.57
(i) The payment rate, [((b)+(c)(ii)+(c)(iii))/(f)], is........23.112%
(c) The aggregate amount of such Collections with respect to Finance Charge
and Administrative Receivables and the Defaulted Amount for the Due
Period preceding such Distribution Date was equal to .....$92,500,589.84
(i) The gross cash yield, [((ii)+(iii)+(iv)+(v))*12/(f)], is ..18.454%
(ii) The amount of such aggregate with respect to Finance Charge was
equal to............................................$60,094,917.51
(iii)The amount of such aggregate with respect to Fees was equal to
... $11,547,669.17
(iv) The amount of such aggregate with respect to Interchange was equal
to .. $18,830,384.16
(v) The amount of such aggregate with respect to Other Recoveries was
equal to .. $515,669.00
(vi) The amount of such aggregate with respect to Principal Recoveries
was equal to .. $1,511,950.00
(d) The Gross Defaulted Amount for the preceding Due Period is$35,105,680.10
(i) The annualized default rate, (d)*12/(f), is................7.120%
(ii) The annualized net default rate, [(d)-(c)(vi)]*12/(f), is.. 6.813%
(e) The Portfolio Yield for such Distribution Date ....11.641%
(f) The total amount of Principal Receivables in the Trust at the beginning
of the preceding Due Period is equal to .....$5,916,590,682.34
(g) The total amount of Principal Receivables as of the last day of the
immediately preceding Due Period is .... $5,937,988,122.36
(h) The average amount of Principal Receivables in the Trust during the
preceding Due Period (the sum of the amounts in clause (f) and the
amount in clause (g) divided by 2) is equal to .......$5,927,289,402.35
(i) The total amount of Finance Charge and Administrative Receivables in the
Trust as of the last day of the immediately preceding Due Period is
....................$95,093,927.39
(j) The aggregate outstanding gross balance of the Accounts which were
one payment (5-29 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ........................ $233,423,906.53
(k) The aggregate outstanding gross balance of the Accounts which were
two payments (30-59 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ..................... $82,577,634.33
(l) The aggregate outstanding gross balance of the Accounts which were
three or more payments (60+ days) delinquent as of the close of business
on the last day of the calendar month preceding such Distribution Date
was equal to ................. $161,378,515.49
(m) The aggregate amount of Trust Excess Principal Collections for such
Distribution Date is.......$963,122,064.34
(n) The aggregate amount of Principal Shortfalls for such Distribution Date
is ...................... $0.00
6. Group One Information
(a) The Average Rate for Group One (the weighted average Certificate Rate
reduced to take into account any payments made pursuant to interest
rate agreements, if any ) is equal to ..........................6.070%
(b) Group One Total Investor Collections is equal to .......$995,929,446.16
(c) Group One Investor Principal Collections is equal to ....$931,900,593.29
(d) Group One Investor Finance Charge and Administrative Collections is
equal to ........... $64,028,852.87
(e) Group One Investor Additional Amounts is equal to ...$0.00
(f) Group One Investor Default Amount is equal to ..$24,300,130.73
(g) Group One Investor Monthly Fees is equal to ...... $6,812,872.23
(h) Group One Investor Monthly Interest is equal to .....$20,308,845.86
7. Series 1993-1 Information
(a) The Series Adjusted Portfolio Yield for the Due Period preceding such
Distribution Date was equal to ........ 11.79%
(b) The Series 1993-1 Allocation Percentage with respect to the Due
Period preceding such Distribution Date was equal to ..19.87%
(c) The Floating Allocation Percentage for the Due Period preceding such
Distribution Date was equal to .............. 90.25%
(d) The aggregate amount of Reallocated Finance Charge and Administrative
Collections for the Due Period preceding such Distribution Date is equal
to ......... $16,700,577.74
(e) The Floating Allocation Percentage of Series Allocable Finance Charge
and Administrative Collections for the Due Period preceding such
to.....$16,585,159.16
(f) Class A Invested Amount....... $900,000,000.00
(g) The Class A Invested Percentage with respect to the Due Period
preceding such Distribution Date was equal to.............. 85.00%
(h) The Class A Invested Percentage of the amount set forth in Item 7(d)
above was equal to ...................... $14,195,431.14
(i) The amount of Class A Monthly Interest for such Distribution Date is
equal to... $4,535,563.50
(j) The amount of any Class A Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to .... $0.00
(k) The amount of Class A Additional Interest for such Distribution Date
is equal to ..........$0.00
(l) The amount of any Class A Additional Interest previously due but not
distributed on a prior Distribution Date is equal to... $0.00
(m) The Class A Investor Default Amount for such Distribution Date is
equal to....$5,350,195.17
(n) The Allocable Servicing Fee for such Distribution Date is equal
to................. $1,764,713.33
(o) The Class A Required Amount, if any, with respect to such
Distribution Date is equal to.......... $0.00
(p) Class B Invested Amount........... $52,945,000.00
(q) The Class B Invested Percentage for the Due Period preceding such
Distribution Date was equal to.......................... 5.00%
(r) The Class B Invested Percentage of the amount set forth in Item 7(d)
above is equal to.................. $835,085.67
(s) The amount of Class B Monthly Interest for such Distribution Date is
equal to........... $233,840.42
(t) The amount of any Class B Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to.... $0.00
(u) The amount of Class B Additional Interest for such Distribution Date
is equal to...... $0.00
(v) The amount of any Class B Additional Interest previously due but not
distributed on a prior Distribution Date is equal to.... $0.00
(w) Class B Investor Default Amount for such Distribution Date is equal
to.......... $314,740.09
(x) The Collateral Invested Percentage of the amount set forth in Item 7(d)
above is equal to...$1,670,060.93
(y) The Series 1993-1 Principal Shortfall for such Distribution Date is
equal to......... $0.00
(z) The Series 1993-1 Excess Principal Collections is equal to.....$0.00
(aa) The amount of Excess Finance Charge and Administrative Collections
with respect to such Distribution Date is equal to... $4,209,724.73
(bb) The amount of Excess Finance Charge and Administrative Collections
referred to in Item 7(aa) will be available to be distributed on such
Distribution Date to fund or reimburse the following items:
(i) to fund the Class A Required Amount, if any, with
respect to such Distribution Date.............. $0.00
(ii) to reimburse Class A Investor Charge-Offs......$0.00
(iii) to pay current or overdue Class B Monthly Interest, Class B
Additional Interest or the Cumulative Excess Interest Amount.$0.00
(iv) to fund the Class B Investor Default Amount with respect to such
Distribution Date.........$314,740.09
(v) to reimburse certain previous reductions in the Class B
Invested Amount ..........$0.00
(vi) to pay any portion of the Allocable Servicing Fee not paid
pursuant to clause (i)above.......................... $0.00
(vii) to fund the Collateral Investor Default Amount with
respect to such Distribution Date.....$629,438.57
(viii)to reimburse certain previous reductions in the Collateral
Invested Amount....................................$0.00
(ix) to make any required deposit in the Cash Collateral
Account..................... $0.00
(cc) The amount of Subordinated Principal Collections with respect to such
Distribution Date is equal to............. $34,850,406.64
(dd) The Principal Allocation Percentage is equal to ..........90.25%
(ee) The total amount to be distributed to Class A Certificateholders on
such Distribution Date in payment of principal is equal to.....$0.00
(ff) The total amount to be distributed to Class B Certificateholders on
such Distribution Date in payment of principal is equal to..$0.00
(gg) The amount of Class A Investor Charge-Offs for such Distribution
Date is equal to......$0.00
(hh) The total amount of reimbursements of Class A Investor Charge-Offs
for such Distribution Date is equal to...... $0.00
(ii) The amount of Class B Investor Charge-Offs and other reductions in the
Class B Invested Amount for such Distribution Date is equal.......$0.00
(jj) The total amount of reimbursements of Class B Investor Charge-Offs
for such Distribution Date is equal to....................$0.00
(kk) The Class A Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to............$900,000,000.00
(ll) The Class B Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to..............$52,945,000.00
(mm) The Available Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal
from the Collateral Account) was equal to..............$105,883,000.00
(nn) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the
Collateral Account and payments to the Collateral Interest Holder on
such Distribution Date, will be equal to..... $105,883,000.00
(oo) The ratio of the Required Collateral Amount to the Class B Invested
Amountas of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments
to the Collateral Interest Holder on such Distribution Date, will be
equal to .................................... 199.987%
(pp) The Cumulative Excess Interest Amount as of the close of business on
such Distribution Date, after giving effect to any payments of interest
to Class B Certificateholders on such Distribution Date, will be equal
to ....... $0.00
8. Total amount to be on deposit in the Collection Account (after giving
effect to allocations required to be made pursuant to the terms of all
other Series now outstanding and to the payment of the Servicer's fee
and funding of investor default amounts) prior to making distributions
on such Distribution Dates is equal to .......... $8,641,490.58
9. The total amount to be allocated according to the terms of the
Collateral Agreement on such Distribution Date is equal to.$3,872,086.66
10. Total amount to be distributed from the Collection Account to the
Servicer in respect of the unpaid Allocable Servicing Fee for the
preceding Due Period on such Distribution Date (after taking into
consideration the amounts which have been netted with respect to this
Series against deposits to the Collection Account) is equal to....$0.00
11. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations
under the Pooling and Servicing Agreement through the Due Period
preceding such Distribution Date or, if there has been a default in the
performance of any such obligation, set forth in detail the (i) nature
of such default, (ii) the action taken by the Transferor and Servicer,
if any, to remedy such defaultand (iii) the current status of each such
default; if applicable, insert None. None
12. As of the date hereof, to the best knowledge of the undersigned, no
Amortization Event has been deemed to have occurred on or prior to
such Distribution Date.
13. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to
the Pooling and Servicing Agreement (or, if there is a Lien, such Lien
consists of : _______________________________).
14. The amounts specified to be deposited into and withdrawn from the
Collection Account, as well as the amounts specified to be paid to the
Transferor, the Servicer, the Interest Holder and the Certificateholders
are all in accordance with the requirements of the Pooling and
Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 15th day of September, 1997.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1993-1 Sep 15, 1997
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $5.0395150
2. Principal distribution per $1,000 interest $0.0000000
3. Interest distribution per $1,000 interest $5.0395150
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.65234000%
(b) Spread 0.20000000%
(c) Class A Certificate Rate 5.85234000%
2. Beginning Principal Amount $900,000,000.00
3. Days in Interest Period 31
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Chrge & Admin Receivables$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class A Invested Percentage 85.00%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class A Investor Default Amount $5,350,195.17
5. Class A Investor Charge-offs; Reimbursement of Charge-offs
(a) Class A Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(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 5.(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 the Distribution Date $0.00
6. Allocable Servicing Fee paid for the Distribution Date $1,764,713.33
7. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class A Pool Factor 1.0000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day
of the preceiding Due Period $95,093,927.39
F. Class B Certificates
1. Class B Invested Amount as of the end of the Distribution Date
$52,945,000.00
2. Available Collateral Amount as of the end of the Distribution Date
$105,883,000.00 <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1993-1 Sep 15, 1997
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $4.4166667
2. Principal distribution per $1,000 interest $0.0000000
3. Interest distribution per $1,000 interest $4.4166667
B. Calculation of Class B Interest
1. Calculation of Class B Certificate Rate
(a) Class B Coupon 5.30000%
2. Beginning Invested Amount $52,945,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Fin Chrge and Admin Receivbles $92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class B Invested Percentage 5.00%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class B Investor Default Amount $314,740.09
5. Class B Investor Charge-offs; Reimbursement of Charge-offs
(a) Class B Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(a) per $1,000 interest $0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-offs $0.00
(d) The amount of Item 5.(c) per $1,000 interest $0.00
(e) The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Invested
Amount as of the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the end of the
Distribution Date $0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at the end of the Distrib Date 0.000%
7. Available Collateral Invested Amount $105,883,000.00
8. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class B Pool Factor 1.0000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39<PAGE>
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1993-2
The undersigned, a duly authorized representative of Household
Finance Corporation, as Servicer (the Servicer), pursuant to the Amended and
Restated Pooling and Servicing Agreement, dated as of August 1, 1993 (the
Pooling and Servicing Agreement), by and among Household Affinity Funding
Corporation, as Transferor, the Servicer, and The Bank of New York, as
Trustee, does hereby certify with respect to the information set forth below
as follows:
1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Pooling and Servicing Agreement.
2. Household Finance Corporation is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on September
15, 1997
5. Trust Information.
(a) The aggregate amount of Collections processed for the Due Period
preceding such Distribution Date was equal to .......$1,388,279,951.41
(b) The aggregate amount of such Collections with respect to Principal
Receivables for the Due Period preceding such Distribution Date was
equal to...............................................$1,295,779,361.57
(i) The payment rate, [((b)+(c)(ii)+(c)(iii))/(f)], is........23.112%
(c) The aggregate amount of such Collections with respect to Finance Charge
and Administrative Receivables and the Defaulted Amount for the Due
Period preceding such Distribution Date was equal to .....$92,500,589.84
(i) The gross cash yield, [((ii)+(iii)+(iv)+(v))*12/(f)], is ..18.454%
(ii) The amount of such aggregate with respect to Finance Charge was
equal to............................................$60,094,917.51
(iii)The amount of such aggregate with respect to Fees was equal to
... $11,547,669.17
(iv) The amount of such aggregate with respect to Interchange was equal
to .. $18,830,384.16
(v) The amount of such aggregate with respect to Other Recoveries was
equal to .. $515,669.00
(vi) The amount of such aggregate with respect to Principal Recoveries
was equal to .. $1,511,950.00
(d) The Gross Defaulted Amount for the preceding Due Period is$35,105,680.10
(i) The annualized default rate, (d)*12/(f), is................7.120%
(ii) The annualized net default rate, [(d)-(c)(vi)]*12/(f), is.. 6.813%
(e) The Portfolio Yield for such Distribution Date ....11.641%
(f) The total amount of Principal Receivables in the Trust at the beginning
of the preceding Due Period is equal to .....$5,916,590,682.34
(g) The total amount of Principal Receivables as of the last day of the
immediately preceding Due Period is .... $5,937,988,122.36
(h) The average amount of Principal Receivables in the Trust during the
preceding Due Period (the sum of the amounts in clause (f) and the
amount in clause (g) divided by 2) is equal to .......$5,927,289,402.35
(i) The total amount of Finance Charge and Administrative Receivables in the
Trust as of the last day of the immediately preceding Due Period is
....................$95,093,927.39
(j) The aggregate outstanding gross balance of the Accounts which were
one payment (5-29 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ........................ $233,423,906.53
(k) The aggregate outstanding gross balance of the Accounts which were
two payments (30-59 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ..................... $82,577,634.33
(l) The aggregate outstanding gross balance of the Accounts which were
three or more payments (60+ days) delinquent as of the close of business
on the last day of the calendar month preceding such Distribution Date
was equal to ................. $161,378,515.49
(m) The aggregate amount of Trust Excess Principal Collections for such
Distribution Date is.......$963,122,064.34
(n) The aggregate amount of Principal Shortfalls for such Distribution Date
is ...................... $0.00
6. Group One Information
(a) The Average Rate for Group One (the weighted average Certificate Rate
reduced to take into account any payments made pursuant to interest
rate agreements, if any ) is equal to ..........................6.070%
(b) Group One Total Investor Collections is equal to .......$995,929,446.16
(c) Group One Investor Principal Collections is equal to ....$931,900,593.29
(d) Group One Investor Finance Charge and Administrative Collections is
equal to ........... $64,028,852.87
(e) Group One Investor Additional Amounts is equal to ...$0.00
(f) Group One Investor Default Amount is equal to ..$24,300,130.73
(g) Group One Investor Monthly Fees is equal to ...... $6,812,872.23
(h) Group One Investor Monthly Interest is equal to .....$20,308,845.86
7. Series 1993-2 Information
(a) The Series Adjusted Portfolio Yield for the Due Period preceding
such Distribution Date was equal to ......................11.443%
(b) The Series 1993-2 Allocation Percentage with respect to the Due
Period preceding such Distribution Date was equal to........11.04%
(c) The Floating Allocation Percentage for the Due Period preceding
such Distribution Date was equal to ...........90.25%
(d) The aggregate amount of Reallocated Finance Charge and
Administrative Collections for the Due Period preceding
such Distribution Date is equal to ....... $9,106,353.86
(e) The Floating Allocation Percentage of Series Allocable Finance
Charge and Administrative Collections for the Due Period preceding
such Distribution Date is equal to....... $9,213,949.47
(f) Class A Invested Amount .................. $500,000,000.00
(g) The Class A Invested Percentage with respect to the Due Period
preceding such Distribution Date was equal to ........85.000%
(h) The Class A Invested Percentage of the amount set forth in Item
7(d)above was equal to .......$7,740,391.49
(i) The amount of Class A Monthly Interest for such Distribution Date
is equal to.....$2,333,333.33
(j) The amount of any Class A Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to .......$0.00
(k) The amount of Class A Additional Interest for such Distribution
Date is equal to .........$0.00
(l) The amount of any Class A Additional Interest previously due but
not distributed on a prior Distribution Date is equal to.....$0.00
(m) The Class A Investor Default Amount for such Distribution Date is
equal to ....$2,972,330.65
(n) The Allocable Servicing Fee for such Distribution Date is equal
to........................ $980,393.33
(o) The Class A Required Amount, if any, with respect to such
Distribution Date is equal to... $0.00
(p) Class B Invested Amount ..............$29,412,000.00
(q) The Class B Invested Percentage for the Due Period preceding such
Distribution Date was equal to....... 5.000%
(r) The Class B Invested Percentage of the amount set forth in Item
7(d) above is equal to......$455,320.79
(s) The amount of Class B Monthly Interest for such Distribution Date
is equal to.......$144,609.00
(t) The amount of any Class B Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to.... $0.00
(u) The amount of Class B Additional Interest for such Distribution
Date is equal to.......$0.00
(v) The amount of any Class B Additional Interest previously due but
not distributed on a prior Distribution Date is equal to... $0.00
(w) Class B Investor Default Amount for such Distribution Date is
equal to... $174,844.38
(x) The Collateral Invested Percentage of the amount set forth in Item
7(d) above is equal to......$910,641.58
(y) The Series 1993-2 Principal Shortfall for such Distribution Date
is equal to........ $0.00
(z) The Series 1993-2 Excess Principal Collections is equal to...$0.00
(aa) The amount of Excess Finance Charge and Administrative Collections
with respect to such Distribution Date is equal to..$2,338,719.92
(bb) The amount of Excess Finance Charge and Administrative Collections
referred to in Item 7(aa) will be available to be distributed on
such Distribution Date to fund or reimburse the following items:
(i) to fund the Class A Required Amount, if any, with
respect to such Distribution Date..............$0.00
(ii) to reimburse Class A Investor Charge-Offs..............$0.00
(iii) to pay current or overdue Class B Monthly Interest, Class B
Add'l Interest or the Cumulative Excess Interest Amt...$0.00
(iv) to fund the Class B Investor Default Amount with respect to
such Distribution Date.............$174,844.38
(v) to reimburse certain previous reductions in the Class B
Invested Amount ..........$0.00
(vi) to pay any portion of the Allocable Servicing Fee not
paid pursuant to clause (i) above......... $0.00
(vii) to fund the Collateral Investor Default Amount with
respect to such Distribution Date.....$349,688.76
(viii)to reimburse certain previous reductions in the Collateral
Invested Amount .........$0.00
(ix) to make any required deposit in the Cash Collateral
Account.. $0.00
(cc) The amount of Subordinated Principal Collections with respect to
such Distribution Date is equal to....... $19,360,946.94
(dd) The Principal Allocation Percentage is equal to ........90.25%
(ee) The total amount to be distributed to Class A Certificateholders
on such Distribution Date in payment of prin is equal to..$0.00
(ff) The total amount to be distributed to Class B Certificateholders
on such Distribution Date in payment of princ is equal to...$0.00
(gg) The amount of Class A Investor Charge-Offs for such Distribution
Date is equal to.....$0.00
(hh) The total amount of reimbursements of Class A Investor Charge-Offs
for such Distribution Date is equal to................. $0.00
(ii) The amount of Class B Investor Charge-Offs and other reductions in
the Class B Invested Amount for such Distribution Date is equal
to..... $0.00
(jj) The total amount of reimbursements of Class B Investor
Charge-Offs for such Distribution Date is equal to...........$0.00
(kk) The Class A Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and
adjustments on such Distribution Date) will be equal to
................$500,000,000.00
(ll) The Class B Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and
adjustments on such Distribution Date) will be equal
to.........$29,412,000.00
(mm) The Available Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal
from the Collateral Account) was equal to..........$58,824,000.00
(nn) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from
the Collateral Account and payments to the Collateral Interest
Holder on such Distribution Date, will be equal to..$58,824,000.00
(oo) The ratio of the Required Collateral Amount to the Class B
Invested Amount as of the close of business on such Distribution
Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Interest Holder on such
Distribution Date, will be equal to ................200.000%
(pp) The Cumulative Excess Interest Amount as of the close of business
on such Distribution Date, after giving effect to any payments of
interest to Class B Certificateholders on such Distribution Date,
will be equal to ........................... $0.00
8. Total amount to be on deposit in the Collection Account (after
giving effect to allocations required to be made pursuant to the
terms of all other Series now outstanding and to the payment of
the Servicer's fee and funding of investor default amounts) prior
to making distributions on such Distribution Dates is equal to
................. $4,629,096.74
9. The total amount to be allocated according to the terms of the
Collateral Agreement on such Distribution Date is equal to
......................................$2,151,154.41
10. Total amount to be distributed from the Collection Account to the
Servicer in respect of the unpaid Allocable Servicing Fee for the
preceding Due Period on such Distribution Date (after taking into
consideration the amounts which have been netted with respect to
this Series against deposits to the Collection Account) is equal
to........................................... $0.00
11. As of the date hereof, to the best knowledge of the undersigned,
the Servicer has performed in all material respects all its
obligations under the Pooling and Servicing Agreement through the
Due Period preceding such Distribution Date or, if there has been
a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by
the Transferor and Servicer, if any, to remedy such default and
(iii) the current status of each such default; if applicable,
insert None. None
12. As of the date hereof, to the best knowledge of the undersigned,
no Amortization Event has been deemed to have occurred on or prior
to such Distribution Date.
13. As of the date hereof, to the best knowledge of the undersigned,
no Lien has been placed on any of the Receivables other than
pursuant to the Pooling and Servicing Agreement (or, if there is a
Lien, such Lien consists of : _____________).
14. The amounts specified to be deposited into and withdrawn from the
Collection Account, as well as the amounts specified to be paid to
the Transferor, the Servicer, the Interest Holder and the
Certificateholders are all in accordance with the requirements of
the Pooling and Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this Certificate this 15th day of September, 1997.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1993-2 Sep 15, 1997
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $4.666666660
2. Principal distribution per $1,000 interest $0.000000000
3. Interest distribution per $1,000 interest $4.666666660
B. Calculation of Class A Interest $0.000000000
1. Class A Coupon $0.056000000
2. Beginning Principal Amount $500,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Charge and Admin Recvbles$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class A Invested Percentage 85.000%
(b) Principal Allocation Percentage 90.247%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class A Investor Default Amount $2,972,330.65
5. Class A Investor Charge-offs; Reimbursement of Charge-offs
(a) Class A Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(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 5.(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 the Distribution Date $0.00
6. Allocable Servicing Fee paid for the Distribution Date $980,393.33
7. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class A Pool Factor 1.0000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
F. Class B Certificates
1. Class B Invested Amount as of the end of the Distribution Date
$29,412,000.00
2. Available Collateral Amount as of the end of the Distribution Date
$58,824,000.00 <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1993-2 Sep 15, 1997
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $4.9166667
2. Principal distribution per $1,000 interest $0.0000000
3. Interest distribution per $1,000 interest $4.9166667
B. Calculation of Class B Interest
1. Class B Coupon 5.900%
2. Beginning Invested Amount $29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Chrge and Admin Recvables$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class B Invested Percentage 5.000%
(b) Principal Allocation Percentage 90.247%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class B Investor Default Amount $174,844.38
5. Class B Investor Charge-offs; Reimbursement of Charge-offs
(a) Class B Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(a) per $1,000 interest $0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-offs $0.00
(d) The amount of Item 5.(c) per $1,000 interest $0.00
(e) The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Invested
Amount as of the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the end of the
Distribution Date $0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amt, each at the end of the DistributionDate$0.00
7. Available Collateral Amount $58,824,000.00
8. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class B Pool Factor $1.00
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39 <PAGE>
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1994-1
The undersigned, a duly authorized representative of Household
Finance Corporation, as Servicer (the Servicer), pursuant to the Amended and
Restated Pooling and Servicing Agreement, dated as of August 1, 1993 (the
Pooling and Servicing Agreement), by and among Household Affinity Funding
Corporation, as Transferor, the Servicer, and The Bank of New York, as
Trustee, does hereby certify with respect to the information set forth below
as follows:
1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Pooling and Servicing Agreement.
2. Household Finance Corporation is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on September
15, 1997
5. Trust Information.
(a) The aggregate amount of Collections processed for the Due Period
preceding such Distribution Date was equal to .......$1,388,279,951.41
(b) The aggregate amount of such Collections with respect to Principal
Receivables for the Due Period preceding such Distribution Date was
equal to...............................................$1,295,779,361.57
(i) The payment rate, [((b)+(c)(ii)+(c)(iii))/(f)], is........23.112%
(c) The aggregate amount of such Collections with respect to Finance Charge
and Administrative Receivables and the Defaulted Amount for the Due
Period preceding such Distribution Date was equal to .....$92,500,589.84
(i) The gross cash yield, [((ii)+(iii)+(iv)+(v))*12/(f)], is ..18.454%
(ii) The amount of such aggregate with respect to Finance Charge was
equal to............................................$60,094,917.51
(iii)The amount of such aggregate with respect to Fees was equal to
... $11,547,669.17
(iv) The amount of such aggregate with respect to Interchange was equal
to .. $18,830,384.16
(v) The amount of such aggregate with respect to Other Recoveries was
equal to .. $515,669.00
(vi) The amount of such aggregate with respect to Principal Recoveries
was equal to .. $1,511,950.00
(d) The Gross Defaulted Amount for the preceding Due Period is$35,105,680.10
(i) The annualized default rate, (d)*12/(f), is................7.120%
(ii) The annualized net default rate, [(d)-(c)(vi)]*12/(f), is.. 6.813%
(e) The Portfolio Yield for such Distribution Date ....11.641%
(f) The total amount of Principal Receivables in the Trust at the beginning
of the preceding Due Period is equal to .....$5,916,590,682.34
(g) The total amount of Principal Receivables as of the last day of the
immediately preceding Due Period is .... $5,937,988,122.36
(h) The average amount of Principal Receivables in the Trust during the
preceding Due Period (the sum of the amounts in clause (f) and the
amount in clause (g) divided by 2) is equal to .......$5,927,289,402.35
(i) The total amount of Finance Charge and Administrative Receivables in the
Trust as of the last day of the immediately preceding Due Period is
....................$95,093,927.39
(j) The aggregate outstanding gross balance of the Accounts which were
one payment (5-29 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ........................ $233,423,906.53
(k) The aggregate outstanding gross balance of the Accounts which were
two payments (30-59 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ..................... $82,577,634.33
(l) The aggregate outstanding gross balance of the Accounts which were
three or more payments (60+ days) delinquent as of the close of business
on the last day of the calendar month preceding such Distribution Date
was equal to ................. $161,378,515.49
(m) The aggregate amount of Trust Excess Principal Collections for such
Distribution Date is.......$963,122,064.34
(n) The aggregate amount of Principal Shortfalls for such Distribution Date
is ...................... $0.00
6. Group One Information
(a) The Average Rate for Group One (the weighted average Certificate Rate
reduced to take into account any payments made pursuant to interest
rate agreements, if any ) is equal to ..........................6.070%
(b) Group One Total Investor Collections is equal to .......$995,929,446.16
(c) Group One Investor Principal Collections is equal to ....$931,900,593.29
(d) Group One Investor Finance Charge and Administrative Collections is
equal to ........... $64,028,852.87
(e) Group One Investor Additional Amounts is equal to ...$0.00
(f) Group One Investor Default Amount is equal to ..$24,300,130.73
(g) Group One Investor Monthly Fees is equal to ...... $6,812,872.23
(h) Group One Investor Monthly Interest is equal to .....$20,308,845.86
7. Series 1994-1 Information
(a) The Series Adjusted Portfolio Yield for the Due Period preceding such
Distribution Date was equal to ............ 11.79%
(b) The Series 1994-1 Allocation Percentage with respect to the Due
Period preceding such Distribution Date was equal to ........18.76%
(c) The Floating Allocation Percentage for the Due Period preceding such
Distribution Date was equal to ........ 90.25%
(d) The aggregate amount of Reallocated Finance Charge and Administrative
Collections for the Due Period preceding such Distribution Date is equal
to ..........................$15,767,356.03
(e) The Floating Allocation Percentage of Series Allocable Finance
Charge and Administrative Collections for the Due Period preceding
such Distribution Date is equal to.......... $15,663,695.30
(f) Class A Invested Amount $850,000,000.00
(g) The Class A Invested Percentage with respect to the Due Period
preceding such Distribution Date was equal to ..... 85.00%
(h) The Class A Invested Percentage of the amount set forth in Item 7(d)
above was equal to..................... $13,402,252.63
(i) The amount of Class A Monthly Interest for such Distribution Date is
equal to..........$4,246,990.53
(j) The amount of any Class A Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to ......$0.00
(k) The amount of Class A Additional Interest for such Distribution Date
is equal to .....$0.00
(l) The amount of any Class A Additional Interest previously due but not
distributed on a prior Distribution Date is equal to.. $0.00
(m) The Class A Investor Default Amount for such Distribution Date is
equal to...........................................$5,052,962.10
(n) The Allocable Servicing Fee for such Distribution Date is equal
to................................... $1,666,666.67
(o) The Class A Required Amount, if any, with respect to such
Distribution Date is equal to............ $0.00
(p) Class B Invested Amount........ $50,000,000.00
(q) The Class B Invested Percentage for the Due Period preceding such
Distribution Date was equal to........... 5.00%
(r) The Class B Invested Percentage of the amount set forth in Item 7(d)
above is equal to.........$788,367.80
(s) The amount of Class B Monthly Interest for such Distribution Date is
equal to.......... $252,083.33
(t) The amount of any Class B Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to...... $0.00
(u) The amount of Class B Additional Interest for such Distribution Date
is equal to..... $0.00
(v) The amount of any Class B Additional Interest previously due but not
distributed on a prior Distribution Date is equal to... $0.00
(w) Class B Investor Default Amount for such Distribution Date is equal
to..... $297,233.06
(x) The Collateral Invested Percentage of the amount set forth in Item 7(d)
above is equal to.....$1,576,735.60
(y) The Series 1994-1 Principal Shortfall for such Distribution Date is
equal to......... $0.00
(z) The Series 1994-1 Excess Principal Collections is equal to.......$0.00
(aa) The amount of Excess Finance Charge and Administrative Collections
with respect to such Distribution Date is equal to....$3,975,813.01
(bb) The amount of Excess Finance Charge and Administrative Collections
referred to in Item 7(aa) will be available to be distributed on such
Distribution Date to fund or reimburse the following items:
(i) to fund the Class A Required Amount, if any, with
respect to such Distribution Date..... $0.00
(ii) to reimburse Class A Investor Charge-Offs........$0.00
(iii) to pay current or overdue Class B Monthly Interest, Class B
Add'l Interest or the Cumulative Excess Interest Amount... $0.00
(iv) to fund the Class B Investor Default Amount with
respect to such Distribution Date...........$297,233.06
(v) to reimburse certain previous reductions in the Class B
Invested Amount .... $0.00
(vi) to pay any portion of the Allocable Servicing Fee not
paid pursuant to clause (i)above............. $0.00
(vii) to fund the Collateral Investor Default Amount with
respect to such Distribution Date......$594,466.13
(viii)to reimburse certain previous reductions in the Collateral
Invested Amount .......$0.00
(ix) to make any required deposit in the Cash Collateral Account..$0.00
(cc) The amount of Subordinated Principal Collections with respect to such
Distribution Date is equal to...... $32,913,346.49
(dd) The Principal Allocation Percentage is equal to .....90.25%
(ee) The total amount to be distributed to Class A Certificateholders on
such Distribution Date in payment of principal is equal to....$0.00
(ff) The total amount to be distributed to Class B Certificateholders on
such Distribution Date in payment of principal is equal to...$0.00
(gg) The amount of Class A Investor Charge-Offs for such Distribution
Date is equal to.....$0.00
(hh) The total amount of reimbursements of Class A Investor Charge-Offs
for such Distribution Date is equal to..... $0.00
(ii) The amount of Class B Investor Charge-Offs and other reductions in the
Class B Invested Amount for such Distribution Date is equal to....$0.00
(jj) The total amount of reimbursements of Class B Investor Charge-Offs
for such Distribution Date is equal to........... $0.00
(kk) The Class A Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to........ $850,000,000.00
(ll) The Class B Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to.......... $50,000,000.00
(mm) The Available Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal
from the Collateral Account) was equal to........ $100,000,000.00
(nn) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the
Collateral Account and payments to the Collateral Interest Holder on
such Distribution Date, will be equal to........... $100,000,000.00
(oo) The ratio of the Required Collateral Amount to the Class B Invested
Amount as of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments
to the Collateral Interest Holder on such Distribution Date, will be
equal to ........................ 200.00%
(pp) The Cumulative Excess Interest Amount as of the close of business on
such Distribution Date, after giving effect to any payments of interest
to Class B Certificateholders on such Distribution Date, will be equal
to ............................. $0.00
8. Total amount to be on deposit in the Collection Account (after giving
effect to allocations required to be made pursuant to the terms of all
other Series now outstanding and to the payment of the Servicer's fee
and funding of investor default amounts) prior to making distributions
on such Distribution Dates is equal to ........ $8,156,028.07
9. The total amount to be allocated according to the terms of the
Collateral Agreement on such Distribution Date is equal to.$3,084,113.82
10. Total amount to be distributed from the Collection Account to the
Servicer in respect of the unpaid Allocable Servicing Fee for the
preceding Due Period on such Distribution Date (after taking into
consideration the amounts which have been netted with respect to this
Series against deposits to the Collection Account) is equal to.. $0.00
11. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations
under the Pooling and Servicing Agreement through the Due Period
preceding such Distribution Date or, if there has been a default in the
performance of any such obligation, set forth in detail the (i) nature
of such default, (ii) the action taken by the Transferor and Servicer,
if any, to remedy such default and (iii) the current status of each such
default; if applicable, insert None. None
12. As of the date hereof, to the best knowledge of the undersigned, no
Amortization Event has been deemed to have occurred on or prior to
such Distribution Date.
13. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to
the Pooling and Servicing Agreement (or, if there is a Lien, such Lien
consists of : _________________________).
14. The amounts specified to be deposited into and withdrawn from the
Collection Account, as well as the amounts specified to be paid to the
Transferor, the Servicer, the Interest Holder and the Certificateholders
are all in accordance with the requirements of the Pooling and Servicing
Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 15th day of September, 1997.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1994-1 Sep 15, 1997
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $4.9964594
2. Principal distribution per $1,000 interest $0.0000000
3. Interest distribution per $1,000 interest $4.9964594
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.652340000%
(b) Spread 0.150000000%
(c) Class A Certificate Rate 5.802340000%
2. Beginning Principal Amount $850,000,000.00
3. Days in Interest Period 31
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Chrge and Admin Recvables$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class A Invested Percentage 85.00%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class A Investor Default Amount $5,052,962.10
5. Class A Investor Charge-offs; Reimbursement of Charge-offs
(a) Class A Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(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 5.(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 the Distribution Date $0.00
6. Allocable Servicing Fee paid for the Distribution Date $1,666,666.67
7. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class A Pool Factor 1.0000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
F. Class B Certificates
1. Class B Invested Amount as of the end of the Distribution Date
$50,000,000.00
2. Available Collateral Amount as of the end of the Distribution Date
$100,000,000.00 <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1994-1 Sep 15, 1997
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $5.041666600
2. Principal distribution per $1,000 interest $0.000000000
3. Interest distribution per $1,000 interest $5.041666600
B. Calculation of Class B Interest
1. Class B Coupon 6.0500000%
2. Beginning Invested Amount $50,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Chrge and Admin Recvables$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class B Invested Percentage 5.000%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class B Investor Default Amount $297,233.06
5. Class B Investor Charge-offs; Reimbursement of Charge-offs
(a) Class B Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(a) per $1,000 interest $0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-offs $0.00
(d) The amount of Item 5.(c) per $1,000 interest $0.00
(e) The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Invested
Amount as of the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the end of the
Distribution Date $0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at the end of the Distrib Date..0.00%
7. Available Collateral Amount $100,000,000.00
8. Deficit Controlled Amortization Amount for the Distrib Date $0.00
D. Class B Pool Factor 1.00
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1994-2
The undersigned, a duly authorized representative of Household
Finance Corporation, as Servicer (the Servicer), pursuant to the Amended and
Restated Pooling and Servicing Agreement, dated as of August 1, 1993 (the
Pooling and Servicing Agreement), by and among Household Affinity Funding
Corporation, as Transferor, the Servicer, and The Bank of New York, as
Trustee, does hereby certify with respect to the information set forth below
as follows:
1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Pooling and Servicing Agreement.
2. Household Finance Corporation is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on September
15, 1997
5. Trust Information.
(a) The aggregate amount of Collections processed for the Due Period
preceding such Distribution Date was equal to .......$1,388,279,951.41
(b) The aggregate amount of such Collections with respect to Principal
Receivables for the Due Period preceding such Distribution Date was
equal to...............................................$1,295,779,361.57
(i) The payment rate, [((b)+(c)(ii)+(c)(iii))/(f)], is........23.112%
(c) The aggregate amount of such Collections with respect to Finance Charge
and Administrative Receivables and the Defaulted Amount for the Due
Period preceding such Distribution Date was equal to .....$92,500,589.84
(i) The gross cash yield, [((ii)+(iii)+(iv)+(v))*12/(f)], is ..18.454%
(ii) The amount of such aggregate with respect to Finance Charge was
equal to............................................$60,094,917.51
(iii)The amount of such aggregate with respect to Fees was equal to
... $11,547,669.17
(iv) The amount of such aggregate with respect to Interchange was equal
to .. $18,830,384.16
(v) The amount of such aggregate with respect to Other Recoveries was
equal to .. $515,669.00
(vi) The amount of such aggregate with respect to Principal Recoveries
was equal to .. $1,511,950.00
(d) The Gross Defaulted Amount for the preceding Due Period is$35,105,680.10
(i) The annualized default rate, (d)*12/(f), is................7.120%
(ii) The annualized net default rate, [(d)-(c)(vi)]*12/(f), is.. 6.813%
(e) The Portfolio Yield for such Distribution Date ....11.641%
(f) The total amount of Principal Receivables in the Trust at the beginning
of the preceding Due Period is equal to .....$5,916,590,682.34
(g) The total amount of Principal Receivables as of the last day of the
immediately preceding Due Period is .... $5,937,988,122.36
(h) The average amount of Principal Receivables in the Trust during the
preceding Due Period (the sum of the amounts in clause (f) and the
amount in clause (g) divided by 2) is equal to .......$5,927,289,402.35
(i) The total amount of Finance Charge and Administrative Receivables in the
Trust as of the last day of the immediately preceding Due Period is
....................$95,093,927.39
(j) The aggregate outstanding gross balance of the Accounts which were
one payment (5-29 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ........................ $233,423,906.53
(k) The aggregate outstanding gross balance of the Accounts which were
two payments (30-59 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ..................... $82,577,634.33
(l) The aggregate outstanding gross balance of the Accounts which were
three or more payments (60+ days) delinquent as of the close of business
on the last day of the calendar month preceding such Distribution Date
was equal to ................. $161,378,515.49
(m) The aggregate amount of Trust Excess Principal Collections for such
Distribution Date is.......$963,122,064.34
(n) The aggregate amount of Principal Shortfalls for such Distribution Date
is ...................... $0.00
6. Group One Information
(a) The Average Rate for Group One (the weighted average Certificate Rate
reduced to take into account any payments made pursuant to interest
rate agreements, if any ) is equal to ..........................6.070%
(b) Group One Total Investor Collections is equal to .......$995,929,446.16
(c) Group One Investor Principal Collections is equal to ....$931,900,593.29
(d) Group One Investor Finance Charge and Administrative Collections is
equal to ........... $64,028,852.87
(e) Group One Investor Additional Amounts is equal to ...$0.00
(f) Group One Investor Default Amount is equal to ..$24,300,130.73
(g) Group One Investor Monthly Fees is equal to ...... $6,812,872.23
(h) Group One Investor Monthly Interest is equal to .....$20,308,845.86
7. Series 1994-2 Information
(a) The Series Adjusted Portfolio Yield for the Due Period preceding such
Distribution Date was equal to ... 14.03%
(b) The Series 1994-2 Allocation Percentage with respect to the Due
Period preceding such Distribution Date was equal to ...18.76%
(c) The Floating Allocation Percentage for the Due Period preceding such
Distribution Date was equal to ........... 75.87%
(d) The aggregate amount of Reallocated Finance Charge and Administrative
Collections for the Due Period preceding such Distribution Date is equal
to $12,965,814.53
(e) The Floating Allocation Percentage of Series Allocable Finance
Charge and Administrative Collections for the Due Period preceding
such Distribution Date is equal to..... $13,167,831.76
(f) Class A Invested Amount.......... $580,000,000.00
(g) The Class A Invested Percentage with respect to the Due Period
preceding such Distribution Date was equal to ..............86.242%
(h) The Class A Invested Percentage of the amount set forth in Item 7(d)
above was equal to ..............$11,181,955.73
(i) The amount of Class A Monthly Interest for such Distribution Date is
equal to.............$3,383,333.33
(j) The amount of any Class A Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to .......$0.00
(k) The amount of Class A Additional Interest for such Distribution Date
is equal to .................$0.00
(l) The amount of any Class A Additional Interest previously due but not
distributed on a prior Distribution Date is equal to... $0.00
(m) The Class A Investor Default Amount for such Distribution Date is
equal to ........... $4,309,879.44
(n) The Allocable Servicing Fee for such Distribution Date is equal
to................ $1,401,098.90
(o) The Class A Required Amount, if any, with respect to such
Distribution Date is equal to............$0.00
(p) Class B Invested Amount....................... $40,000,000.00
(q) The Class B Invested Percentage for the Due Period preceding such
Distribution Date was equal to................... 4.76%
(r) The Class B Invested Percentage of the amount set forth in Item 7(d)
above is equal to...........$616,935.49
(s) The amount of Class B Monthly Interest for such Distribution Date is
equal to................ $240,000.00
(t) The amount of any Class B Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to....... $0.00
(u) The amount of Class B Additional Interest for such Distribution Date
is equal to........ $0.00
(v) The amount of any Class B Additional Interest previously due but not
distributed on a prior Distribution Date is equal to.......... $0.00
(w) Class B Investor Default Amount for such Distribution Date is equal
to........... $237,786.45
(x) The Collateral Invested Percentage of the amount set forth in Item 7(d)
above is equal to........$1,166,923.31
(y) The Series 1994-2 Principal Shortfall for such Distribution Date is
equal to............ $0.00
(z) The Series 1994-2 Excess Principal Collections is equal to......$0.00
(aa) The amount of Excess Finance Charge and Administrative Collections
with respect to such Distribution Date is equal to........$3,631,502.86
(bb) The amount of Excess Finance Charge and Administrative Collections
referred to in Item 7(aa) will be available to be distributed on such
Distribution Date to fund or reimburse the following items:
(i) to fund the Class A Required Amount, if any, with
respect to such Distribution Date....... $0.00
(ii) to reimburse Class A Investor Charge-Offs.............$0.00
(iii) to pay current or overdue Class B Monthly Interest, Class B
Add'l Interest or the Cumulative Excess Interest Amount....$0.00
(iv) to fund the Class B Investor Default Amount with respect to such
Distribution Date................................... $237,786.45
(v) to reimburse certain previous reductions in the Class B
Invested Amount .........$0.00
(vi) to pay the Collateral Monthly Interest for such Distribution
Date equal to......$351,258.17
(vii) to pay any portion of the Allocable Servicing Fee not
paid pursuant to clause (i) above............... $0.00
(viii)to fund the Collateral Investor Default Amount with
respect to such Distribution Date......$449,769.15
(ix) to reimburse certain previous reductions in the Collateral
Invested Amount ..... $0.00
(x) to make any required deposit in the Cash Collateral Acct..$0.00
(cc) The amount of Subordinated Principal Collections with respect to such
Distribution Date is equal to.......... $30,188,494.27
(dd) The Principal Allocation Percentage is equal to..............90.25%
(ee) The total amount to be distributed to Class A Certificateholders on
such Distribution Date in payment of princ is equal to...$145,000,000.00
(ff) The total amount to be distributed to Class B Certificateholders on
such Distribution Date in payment of principal is equal to..$0.00
(gg) The amount of Class A Investor Charge-Offs for such Distribution
Date is equal to..$0.00
(hh) The total amount of reimbursements of Class A Investor Charge-Offs
for such Distribution Date is equal to.........$0.00
(ii) The amount of Class B Investor Charge-Offs and other reductions in the
Class B Invested Amount for such Distribution Date is equal to.. $0.00
(jj) The total amount of reimbursements of Class B Investor Charge-Offs
for such Distribution Date is equal to........... $0.00
(kk) The Class A Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to........ $435,000,000.00
(ll) The Class B Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to......... $40,000,000.00
(mm) The Available Collateral Amount as of the close of business on the
Distribution Date (after giving effect to any withdrawal
from the Collateral Account) was equal to........ $46,978,021.98
(nn) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the
Collateral Account and payments to the Collateral Interest Holder on
such Distribution Date, will be equal to..............$46,978,021.98
(oo) The ratio of the Required Collateral Amount to the Class B Invested
Amount as of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments
to the Collateral Interest Holder on such Distribution Date, will be
equal to ................................ 117.445%
(pp) The Cumulative Excess Interest Amount as of the close of business on
such Distribution Date, after giving effect to any payments of interest
to Class B Certificateholders on such Distribution Date, will be equal
to ............................. $0.00
8. Total amount to be on deposit in the Collection Account (after giving
effect to allocations required to be made pursuant to the terms of all
other Series now outstanding and to the payment of the Servicer's fee
and funding of investor default amounts) prior to making distributions
on such Distribution Dates is equal to .............. $165,907,939.93
9. The total amount to be allocated according to the terms of the
Collateral Agreement on such Distrib Date is equal to...$17,284,606.60
10. Total amount to be distributed from the Collection Account to the
Servicer in respect of the unpaid Allocable Servicing Fee for the
preceding Due Period on such Distribution Date (after taking into
consideration the amounts which have been netted with respect to this
Series against deposits to the Collection Account) is equal to.....0.00
11. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations
under the Pooling and Servicing Agreement through the Due Period
preceding such Distribution Date or, if there has been a default in the
performance ofany such obligation, set forth in detail the (i) nature of
such default,(ii) the action taken by the Transferor and Servicer, if
any, to remedy such default and (iii) the current status of each such
default; if applicable, insert None. None
12. As of the date hereof, to the best knowledge of the undersigned, no
Amortization Event has been deemed to have occurred on or prior to
such Distribution Date.
13. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to
the Pooling and Servicing Agreement (or, if there is a Lien, such Lien
consists of : __________________________).
14. The amounts specified to be deposited into and withdrawn from the
Collection Account, as well as the amounts specified to be paid to
theTransferor, the Servicer, the Interest Holder and the
Certificateholders are all in accordance with the requirements of the
Pooling and Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 15th day of September, 1997.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer<PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1994-2 Sep 15, 1997
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $170.555555552
2. Principal distribution per $1,000 interest $166.666666667
3. Interest distribution per $1,000 interest $3.888888885
B. Calculation of Class A Interest
1. Class A Coupon 7.000000000%
2. Beginning Principal Amount $580,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Charge and Admin Recvbles$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class A Invested Percentage 86.24%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class A Investor Default Amount $4,309,879.44
5. Class A Investor Charge-offs; Reimbursement of Charge-offs
(a) Class A Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(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 5.(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 the Distribution Date $0.00
6. Allocable Servicing Fee paid for the Distribution Date..$1,401,098.90
7. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class A Pool Factor 0.500000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
F. Class B Certificates
1. Class B Invested Amount as of the end of the Distribution Date
$40,000,000.00
2. Available Collateral Amount as of the end of the Distribution Date
$46,978,021.98 <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1994-2 Sep 15, 1997
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $6.0000000
2. Principal distribution per $1,000 interest $0.0000000
3. Interest distribution per $1,000 interest $6.0000000
B. Calculation of Class B Interest
1. Calculation of Class B Certificate Rate 7.20000000%
2. Beginning Invested Amount $40,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Charge and Admin Recvbles$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class B Invested Percentage 4.76%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class B Investor Default Amount $237,786.45
5. Class B Investor Charge-offs; Reimbursement of Charge-offs
(a) Class B Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(a) per $1,000 interest $0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-offs $0.00
(d) The amount of Item 5.(c) per $1,000 interest $0.00
(e) The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Invested
Amount as of the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the end of the
Distribution Date $0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at the end of the Distrib Date 0.00%
7. Available Collateral Amount........... $46,978,021.98
8. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class B Pool Factor 1.0000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1995-1
The undersigned, a duly authorized representative of Household
Finance Corporation, as Servicer (the Servicer), pursuant to the Amended and
Restated Pooling and Servicing Agreement, dated as of August 1, 1993 (the
Pooling and Servicing Agreement), by and among Household Affinity Funding
Corporation, as Transferor, the Servicer, and The Bank of New York, as
Trustee, does hereby certify with respect to the information set forth below
as follows:
1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Pooling and Servicing Agreement.
2. Household Finance Corporation is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on September
15, 1997
5. Trust Information.
(a) The aggregate amount of Collections processed for the Due Period
preceding such Distribution Date was equal to .......$1,388,279,951.41
(b) The aggregate amount of such Collections with respect to Principal
Receivables for the Due Period preceding such Distribution Date was
equal to...............................................$1,295,779,361.57
(i) The payment rate, [((b)+(c)(ii)+(c)(iii))/(f)], is........23.112%
(c) The aggregate amount of such Collections with respect to Finance Charge
and Administrative Receivables and the Defaulted Amount for the Due
Period preceding such Distribution Date was equal to .....$92,500,589.84
(i) The gross cash yield, [((ii)+(iii)+(iv)+(v))*12/(f)], is ..18.454%
(ii) The amount of such aggregate with respect to Finance Charge was
equal to............................................$60,094,917.51
(iii)The amount of such aggregate with respect to Fees was equal to
... $11,547,669.17
(iv) The amount of such aggregate with respect to Interchange was equal
to .. $18,830,384.16
(v) The amount of such aggregate with respect to Other Recoveries was
equal to .. $515,669.00
(vi) The amount of such aggregate with respect to Principal Recoveries
was equal to .. $1,511,950.00
(d) The Gross Defaulted Amount for the preceding Due Period is$35,105,680.10
(i) The annualized default rate, (d)*12/(f), is................7.120%
(ii) The annualized net default rate, [(d)-(c)(vi)]*12/(f), is.. 6.813%
(e) The Portfolio Yield for such Distribution Date ....11.641%
(f) The total amount of Principal Receivables in the Trust at the beginning
of the preceding Due Period is equal to .....$5,916,590,682.34
(g) The total amount of Principal Receivables as of the last day of the
immediately preceding Due Period is .... $5,937,988,122.36
(h) The average amount of Principal Receivables in the Trust during the
preceding Due Period (the sum of the amounts in clause (f) and the
amount in clause (g) divided by 2) is equal to .......$5,927,289,402.35
(i) The total amount of Finance Charge and Administrative Receivables in the
Trust as of the last day of the immediately preceding Due Period is
....................$95,093,927.39
(j) The aggregate outstanding gross balance of the Accounts which were
one payment (5-29 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ........................ $233,423,906.53
(k) The aggregate outstanding gross balance of the Accounts which were
two payments (30-59 days) delinquent as of the close of business on the
last day of the calendar month preceding such Distribution Date was
equal to ..................... $82,577,634.33
(l) The aggregate outstanding gross balance of the Accounts which were
three or more payments (60+ days) delinquent as of the close of business
on the last day of the calendar month preceding such Distribution Date
was equal to ................. $161,378,515.49
(m) The aggregate amount of Trust Excess Principal Collections for such
Distribution Date is.......$963,122,064.34
(n) The aggregate amount of Principal Shortfalls for such Distribution Date
is ...................... $0.00
6. Group One Information
(a) The Average Rate for Group One (the weighted average Certificate Rate
reduced to take into account any payments made pursuant to interest
rate agreements, if any ) is equal to ..........................6.070%
(b) Group One Total Investor Collections is equal to .......$995,929,446.16
(c) Group One Investor Principal Collections is equal to ....$931,900,593.29
(d) Group One Investor Finance Charge and Administrative Collections is
equal to ........... $64,028,852.87
(e) Group One Investor Additional Amounts is equal to ...$0.00
(f) Group One Investor Default Amount is equal to ..$24,300,130.73
(g) Group One Investor Monthly Fees is equal to ...... $6,812,872.23
(h) Group One Investor Monthly Interest is equal to .....$20,308,845.86
7. Series 1995-1 Information
(a) The Series Adjusted Portfolio Yield for the Due Period preceding
such Distribution Date was equal to .............11.84%
(b) The Series 1995-1 Allocation Percentage with respect to the Due
Period preceding such Distribution Date was equal to ....11.26%
(c) The Floating Allocation Percentage for the Due Period preceding
such Distribution Date was equal to ................. 90.25%
(d) The aggregate amount of Reallocated Finance Charge and
Administrative Collections for the Due Period preceding
such Distribution Date is equal to ...........$9,488,750.71
(e) The Floating Allocation Percentage of Series Allocable Finance
Charge and Administrative Collections for the Due Period preceding
such Distribution Date is equal to........$9,398,217.18
(f) Class A Invested Amount.................. $522,000,000.00
(g) The Class A Invested Percentage with respect to the Due Period
preceding such Distribution Date was equal to .....87.000%
(h) The Class A Invested Percentage of the amount set forth in Item
7(d) above was equal to ......$8,255,213.12
(i) The amount of Class A Monthly Interest for such Distribution Date
is equal to........$2,608,151.83
(j) The amount of any Class A Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to ......$0.00
(k) The amount of Class A Additional Interest for such Distribution
Date is equal to ..........$0.00
(l) The amount of any Class A Additional Interest previously due but
not distributed on a prior Distribution Date is equal to.....$0.00
(m) The Class A Investor Default Amount for such Distribution Date is
equal to ............ $3,103,113.20
(n) The Allocable Servicing Fee for such Distribution Date is equal
to.............................. $1,000,000.00
(o) The Class A Required Amount, if any, with respect to such
Distribution Date is equal to........ $0.00
(p) Class B Invested Amount ..........$24,000,000.00
(q) The Class B Invested Percentage for the Due Period preceding such
Distribution Date was equal to...... 4.000%
(r) The Class B Invested Percentage of the amount set forth in Item
7(d) above is equal to.........$379,550.03
(s) The amount of Class B Monthly Interest for such Distribution Date
is equal to.......$154,000.00
(t) The amount of any Class B Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to...... $0.00
(u) The amount of Class B Additional Interest for such Distribution
Date is equal to.......$0.00
(v) The amount of any Class B Additional Interest previously due but
not distributed on a prior Distribution Date is equal to.....$0.00
(w) Class B Investor Default Amount for such Distribution Date is
equal to......... $142,671.87
(x) The Collateral Invested Percentage of the amount set forth in Item
7(d) above is equal to......$853,987.56
(y) The Series 1995-1 Principal Shortfall for such Distribution Date
is equal to....... $0.00
(z) The Series 1995-1 Excess Principal Collections is equal to...$0.00
(aa) The amount of Excess Finance Charge and Administrative
Collections with respect to such Distribution Date is equal
to........$2,623,485.68
(bb) The amount of Excess Finance Charge and Administrative Collections
referred to in Item 7(aa) will be available to be distributed on
such Distribution Date to fund or reimburse the following items:
(i) to fund the Class A Required Amount, if any, with respect to
such Distribution Date................. $0.00
(ii) to reimburse Class A Investor Charge-Offs............ $0.00
(iii) to pay current or overdue Class B Monthly Interest, Class B
Add'l Interest or the Cumulative Excess Interest Amount$0.00
(iv) to fund the Class B Investor Default Amount with
respect to such Distribution Date......$142,671.87
(v) to reimburse certain previous reductions in the Class B
Invested Amount .......$0.00
(vi) to pay the Collateral Monthly Interest for such Distribution
Date equal to... $309,333.81
(vii) to pay any portion of the Allocable Servicing Fee not paid
pursuant to clause (i) above......... $0.00
(viii)to fund the Collateral Investor Default Amount with
respect to such Distribution Date.......$321,011.71
(ix) to reimburse certain previous reductions in the Collateral
Invested Amount ... $0.00
(x) to make any required deposit in the Cash Collateral
Account.. $0.00
(cc) The amount of Subordinated Principal Collections with respect to
such Distribution Date is equal to..................$17,114,940.17
(dd) The Principal Allocation Percentage is equal to ........90.25%
(ee) The total amount to be distributed to Class A Certificateholders
on such Distribution Date in payment of principal is equal to$0.00
(ff) The total amount to be distributed to Class B Certificateholders
on such Distribution Date in payment of princ is equal to..$0.00
(gg) The amount of Class A Investor Charge-Offs for such Distribution
Date is equal to.....$0.00
(hh) The total amount of reimbursements of Class A Investor
Charge-Offs for such Distribution Date is equal to.....$0.00
(ii) The amount of Class B Investor Charge-Offs and other reductions in
the Class B Invested Amount for such Distrib Date is equal to$0.00
(jj) The total amount of reimbursements of Class B Investor Charge-Offs
for such Distribution Date is equal to........ $0.00
(kk) The Class A Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and
adjustments on such Distribution Date) will be equal
to..$522,000,000.00
(ll) The Class B Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and
adjustments on such Distribution Date) will be equal
to......... $24,000,000.00
(mm) The Available Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal
from the Collateral Account) was equal to...........$54,000,000.00
(nn) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the
Collateral Account and payments to the Collateral Interest Holder
on such Distribution Date, will be equal to.....$54,000,000.00
(oo) The ratio of the Required Collateral Amount to the Class B
Invested Amount as of the close of business on such Distribution
Date, after giving effect to any withdrawal from the Collateral
Account and payments to the Collateral Interest Holder on such
Distribution Date, will be equal to........... 225.000%
(pp) The Cumulative Excess Interest Amount as of the close of business
on such Distribution Date, after giving effect to any payments of
interest to Class B Certificateholders on such Distribution Date,
will be equal to .............$0.00
8. Total amount to be on deposit in the Collection Account (after
giving effect to allocations required to be made pursuant to the
terms of all other Series now outstanding and to the payment of
the Servicer's fee and funding of investor default amounts) prior
to making distributions on such Distribution Dates is equal to
................. $4,921,953.93
9. The total amount to be allocated according to the terms of the
Collateral Agreemt on such Distrib Date is equal to..$2,159,802.10
10. Total amount to be distributed from the Collection Account to the
Servicer in respect of the unpaid Allocable Servicing Fee for the
preceding Due Period on such Distribution Date (after taking into
consideration the amounts which have been netted with respect to
this Series against deposits to the Collection Account) is equal
to....................................... $0.00
11. As of the date hereof, to the best knowledge of the undersigned,
the Servicer has performed in all material respects all its
obligations under the Pooling and Servicing Agreement through the
Due Period preceding such Distribution Date or, if there has been
a default in the performance of any such obligation, set forth in
detail the (i) nature of such default, (ii) the action taken by
the Transferor and Servicer, if any, to remedy such default and
(iii) the current status of each such default; if applicable,
insert None. None
12. As of the date hereof, to the best knowledge of the undersigned,
no Amortization Event has been deemed to have occurred on or prior
to such Distribution Date.
13. As of the date hereof, to the best knowledge of the undersigned,
no Lien has been placed on any of the Receivables other than
pursuant to the Pooling and Servicing Agreement (or, if there is a
Lien, such Lien consists of : ______________________________).
14. The amounts specified to be deposited into and withdrawn from the
Collection Account, as well as the amounts specified to be paid to
the Transferor, the Servicer, the Interest Holder and the
Certificateholders are all in accordance with the requirements of
the Pooling and Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this Certificate this 15th day of September, 1997.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1995-1 Sep 15, 1997
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $4.996459444
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $4.996459444
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.652340000%
(b) Spread 0.1500%
(c) Class A Certificate Rate 5.802340000%
2. Beginning Principal Amount $522,000,000.00
3. Days in Interest Period 31
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Charge and Admin Recvbles$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class A Invested Percentage 87.00%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class A Investor Default Amount $3,103,113.20
5. Class A Investor Charge-offs; Reimbursement of Charge-offs
(a) Class A Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(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 5.(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 the Distribution Date $0.00
6. Allocable Servicing Fee paid for the Distribution Date $1,000,000.00
7. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class A Pool Factor 1.0000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
F. Class B Certificates
1. Class B Invested Amount as of the end of the Distribution Date
$24,000,000.00
2. Available Collateral Amount as of the end of the Distribution Date
$54,000,000.00 <PAGE>
Household Finance Corporation
Household Affinity Funding Corp. August 1997
Household Affinity Credit Card Master Trust I , Series 1995-1 Sep 15, 1997
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $6.416666667
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $6.416666667
B. Calculation of Class B Interest
1. Class B Coupon 7.700000000%
2. Beginning Invested Amount $24,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Charge and Admin Recvbles$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class B Invested Percentage 4.000%
(b) Principal Allocation Percentage 90.247%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class B Investor Default Amount $142,671.87
5. Class B Investor Charge-offs; Reimbursement of Charge-offs
(a) Class B Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(a) per $1,000 interest $0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-offs $0.00
(d) The amount of Item 5.(c) per $1,000 interest $0.00
(e) The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Invested
Amount as of the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the end of the
Distribution Date $0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at the end of the Distrib Date 0.00%
7. Available Collateral Amount $54,000,000.00
8. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
$5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
<PAGE>
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1997-1
The undersigned, a duly authorized representative of Household
Finance Corporation, as Servicer (the Servicer), pursuant to the Amended and
Restated Pooling and Servicing Agreement, dated as of August 1, 1993 (the
Pooling and Servicing Agreement), by and among Household Affinity Funding
Corporation, as Transferor, the Servicer, and The Bank of New York, as
Trustee, does hereby certify with respect to the information set forth below
as follows:
1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Pooling and Servicing Agreement.
2. Household Finance Corporation is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring on September
15, 1997
5. Trust Information.
(a) The aggregate amount of Collections processed for the Due Period
preceding such Distribution Date was equal to ..... $1,388,279,951.41
(b) The aggregate amount of such Collections with respect to Principal
Receivables for the Due Period preceding such Distribution Date was
equal to ...................$1,295,779,361.57
(i) The payment rate, [((b)+(c)(ii)+(c)(iii))/(f)], is ... 23.112%
(c) The aggregate amount of such Collections with respect to Finance Charge
and Administrative Receivables and the Defaulted Amount for the Due
Period preceding such Distribution Date was equal to ....$92,500,589.84
(i) The gross cash yield, [((ii)+(iii)+(iv)+(v))*12/(f)], is..18.454%
(ii) The amount of such aggregate with respect to Finance Charge was
equal to $60,094,917.51
(iii) The amount of such aggregate with respect to Fees was equal to
... $11,547,669.17
(iv) The amount of such aggregate with respect to Interchange was equal
to .. $18,830,384.16
(v) The amount of such aggregate with respect to Other Recoveries was
equal to .. $515,669.00
(vi) The amount of such aggregate with respect to Principal Recoveries
was equal to .. $1,511,950.00
(d) The Gross Defaulted Amt for the preceding Due Period is..$35,105,680.10
(i) The annualized default rate, (d)*12/(f), is ...............7.120%
(ii) The annualized net default rate, [(d)-(c)(vi)]*12/(f), is .6.813%
(e) The Portfolio Yield for such Distribution Date ...............11.641%
(f) The total amount of Principal Receivables in the Trust at the beginning
of the preceding Due Period is equal to ..... $5,916,590,682.34
(g) The total amount of Principal Receivables as of the last day of the
immediately preceding Due Period is ..............$5,937,988,122.36
(h) The average amount of Principal Receivables in the Trust during the
preceding Due Period (the sum of the amounts in clause (e) and the
amount in clause (g) divided by 2) is equal to........$5,927,289,402.35
(i) The total amount of Finance Chrge & Admin Receivables in the Trust as of
the last day of the immediately preceding Due Period is..$95,093,927.39
(j) The aggregate outstanding gross balance of the Accounts which were one
payment (5-29 days) delinquent as of the close of business on the last
day of the calendar month preceding such Distribution Date was equal to
...........$233,423,906.53
(k) The aggregate outstanding gross balance of the Accounts which were two
payments (30-59 days) delinquent as of the close of business on the last
day of the calendar month preceding such Distribution Date was equal to
........................ $82,577,634.33
(l) The aggregate outstanding gross balance of the Accounts which were three
or more payments (60+ days) delinquent as of the close of business on
the last day of the calendar month preceding such Distribution Date was
equal to ........................ $161,378,515.49
(m) The aggregate amount of Trust Excess Principal Collections for such
Distribution Date is.. $963,122,064.34
(n) The aggregate amt of Principal Shortfalls for such Distrib Date is.$0.00
6. Group Two Information
(a) The Average Rate for Group Two (the weighted average Certificate Rate
reduced to take into account any payments made pursuant to interest
rate agreements, if any ) is equal to ...... 5.8351%
(b) Group Two Total Investor Collections is equal to ........$235,086,005.23
(c) Group Two Investor Principal Collections is equal to.....$219,422,309.93
(d) Group Two Investor Finance Charge and Administrative Collections is
equal to ........... $15,663,695.30
(e) Group Two Investor Additional Amounts is equal to ........ $0.00
(f) Group Two Investor Default Amount is equal to .........$5,944,661.30
(g) Group Two Investor Monthly Fees is equal to ......$1,666,666.67
(h) Group Two Investor Monthly Interest is equal to .....$5,024,703.88
7. Series 1997-1 Information
(a) The Series Adjusted Portfolio Yield for the Due Period preceding such
Distribution Date was equal to .............. 11.64%
(b) The Series 1997-1 Allocation Percentage with respect to the Due
Period preceding such Distribution Date was equal to ...18.76%
(c) The Floating Allocation Percentage for the Due Period preceding such
Distribution Date was equal to ........................... 90.25%
(d) The aggregate amount of Reallocated Finance Charge and Administrative
Collections for the Due Period preceding such Distribution Date is equal
to ...................... $15,663,695.30
(e) The Floating Allocation Percentage of Series Allocable Finance
Charge and Administrative Collections for the Due Period preceding
such Distribution Date is equal to...... $15,663,695.30
(f) Class A Invested Amount ..............................$870,000,000.00
(g) The Class A Invested Percentage with respect to the Due Period
preceding such Distribution Date was equal to ........... 87.000%
(h) The Class A Invested Percentage of the amount set forth in Item 7(d)
above was equal to ...........$13,627,414.91
(i) The amount of Class A Monthly Interest for such Distribution Date is
equal to....$4,309,461.38
(j) The amount of any Class A Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to .....$0.00
(k) The amount of Class A Additional Interest for such Distribution Date
is equal to ...........$0.00
(l) The amount of any Class A Additional Interest previously due but not
distributed on a prior Distribution Date is equal to... $0.00
(m) The Class A Investor Default Amount for such Distribution Date is
equal to .............$5,171,855.33
(n) The Allocable Servicing Fee for such Distribution Date is equal
to............. $1,666,666.67
(o) The Class A Required Amount, if any, with respect to such
Distribution Date is equal to....... $0.00
(p) Class B Invested Amount ................ $47,500,000.00
(q) The Class B Invested Percentage for the Due Period preceding such
Distribution Date was equal to............... 4.75%
(r) The Class B Invested Percentage of the amount set forth in Item 7(d)
above is equal to.................$744,025.53
(s) The amount of Class B Monthly Interest for such Distribution Date is
equal to...... $242,649.18
(t) The amount of any Class B Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to....... $0.00
(u) The amount of Class B Additional Interest for such Distribution Date
is equal to....... $0.00
(v) The amount of any Class B Additional Interest previously due but not
distributed on a prior Distribution Date is equal to.. $0.00
(w) Class B Investor Default Amount for such Distribution Date is equal
to......... $282,371.41
(x) The Collateral Invested Percentage of the amount set forth in Item 7(d)
above is equal to.....$1,292,254.86
(y) The Series 1997-1 Principal Shortfall for such Distribution Date is
equal to... $0.00
(z) The Series 1997-1 Excess Principal Collections is equal to..$0.00
(aa) The amount of Excess Finance Charge and Administrative Collections
with respect to such Distribution Date is equal to....$4,273,062.74
(bb) The amount of Excess Finance Charge and Administrative Collections
referred to in Item 7(aa) will be available to be distributed on such
Distribution Date to fund or reimburse the following items:
(i) to fund the Class A Required Amount, if any, with
respect to such Distribution Date.......... $0.00
(ii) to reimburse Class A Investor Charge-Offs....$0.00
(iii) to pay current or overdue Class B Monthly Interest, Class B
Additional Interest or the Cumulative Excess Interest Amt..$0.00
(iv) to fund the Class B Investor Default Amount with
respect to such Distribution Date.........$282,371.41
(v) to reimburse certain previous reductions in the Class B
Invested Amount .... $0.00
(vi) to pay the Collateral Monthly Interest for such Distribution
Date equal to.......$472,593.32
(vii) to pay any portion of the Allocable Servicing Fee not
paid pursuant to clause (i) above......$0.00
(viii)to fund the Collateral Investor Default Amount with respect to
such Distribution Date.................$490,434.56
(ix) to reimburse certain previous reductions in the Collateral
Invested Amount ....$0.00
(x) to make any required deposit in the Cash Collateral Acct.$0.00
(xi) to make any required deposit to the Reserve Account ........$0.00
(cc) The amount of Subordinated Principal Collections with respect to such
Distribution Date is equal to....... $28,524,900.29
(dd) The Principal Allocation Percentage is equal to ......90.25%
(ee) The total amount to be distributed to Class A Certificateholders on
such Distribution Date in payment of principal is equal to.......$0.00
(ff) The total amount to be distributed to Class B Certificateholders on
such Distribution Date in payment of principal is equal to....$0.00
(gg) The amount of Class A Investor Charge-Offs for such Distribution
Date is equal to....$0.00
(hh) The total amount of reimbursements of Class A Investor Charge-Offs
for such Distribution Date is equal to........ $0.00
(ii) The amount of Class B Investor Charge-Offs and other reductions in
the Class B Invested Amount for such Distribution Date is equal
to.... $0.00
(jj) The total amount of reimbursements of Class B Investor Charge-Offs
for such Distribution Date is equal to........ $0.00
(kk) The Class A Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to......... $870,000,000.00
(ll) The Class B Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to...... $47,500,000.00
(mm) The Available Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal
from the Collateral Account) was equal to........ $82,500,000.00
(nn) The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the
Collateral Account and payments to the Collateral Interest Holder on
such Distribution Date, will be equal to......... $82,500,000.00
(oo) The ratio of the Required Collateral Amount to the Class B Invested
Amount as of the close of business on such Distribution Date, after
giving effect to any withdrawal from the Collateral Account and payments
to the Collateral Interest Holder on such Distribution Date, will be
equal to ........ 173.684%
(pp) The Cumulative Excess Interest Amt as of the close of business on such
Distribution Date, after giving effect to any payments of interest to
Class B Certificateholders on such Distrib Date, will be equal to $0.00
8. Total amount to be on deposit in the Collection Account (after giving
effect to allocations required to be made pursuant to the terms of all
other Series now outstanding and to the payment of the Servicer's fee
and funding of investor default amounts) prior to making distributions
on such Distribution Dates is equal to ................$8,052,367.33
9. The total amount to be allocated according to the terms of the
Collateral Agreement on such Distribution Date is equal to.$3,500,256.77
10. Total amount to be distributed from the Collection Account to the
Servicer in respect of the unpaid Allocable Servicing Fee for the
preceding Due Period on such Distribution Date (after taking into
consideration the amounts which have been netted with respect to this
Series against deposits to the Collection Account) is equal to....$0.00
11. The Class A Adjusted Amount .............. $870,000,000.00
12. The Class B Adjusted Amount ................... $47,500,000.00
13. The Controlled Accumulation Amount .......... $0.00
14. The Controlled Deposit Amount ................. $0.00
15. The Deficit Controlled Deposit Amount ..................$0.00
16. The Principal Funding Account Balance ............$0.00
17. The Principal Funding Investment Shortfall ...........$0.00
18. The Required Reserve Account Amount .......... $12,386,250.00
19. The Reserve Account Balance ......... $12,386,250.00
20. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations
under the Pooling and Servicing Agreement through the Due Period
preceding such Distribution Date or, if there has been a default in the
performance of any such obligation, set forth in detail the (i) nature
of such default, (ii) the action taken by the Transferor and Servicer,
if any, to remedy such default and (iii) the current status of each such
default; if applicable, insert None. None
21. As of the date hereof, to the best knowledge of the undersigned, no
Amortization Event has been deemed to have occurred on or prior to
such Distribution Date.
22. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to
the Pooling and Servicing Agreement (or, if there is a Lien, such Lien
consists of : ____________________________________________).
23. The amounts specified to be deposited into and withdrawn from the
Collection Account, as well as the amounts specified to be paid to the
Transferor, the Servicer, the Interest Holder and the Certificateholders
are all in accordance with the requirements of the Pooling and Servicing
Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 15th day of August, 1997.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer <PAGE>
Household Finance Corporation
Household Card Funding Corp. August 1997
Household Credit Card Master Trust I , Series 1997-1 Sep 15, 1997
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $4.953403885
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $4.953403885
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.652340000%
(b) Spread 0.1000%
(c) Class A Certificate Rate 5.752340000%
2. Beginning Principal Amount $870,000,000.00
3. Days in Interest Period 31
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Charge and Admin Recvbles$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class A Invested Percentage 87.00%
(b) Principal Allocation Percentage 90.25%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class A Investor Default Amount $5,171,855.33
5. Class A Investor Charge-offs; Reimbursement of Charge-offs
(a) Class A Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(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 5.(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 the Distribution Date $0.00
6. Allocable Servicing Fee paid for the Distribution Date $1,666,666.67
7. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class A Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
...................................... $5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period $95,093,927.39
F. Class B Certificates
1. Class B Invested Amount as of the end of the Distribution Date
....................................... $47,500,000.00
2. Available Collateral Invested Amount as of the end of the
Distribution Date..................... $82,500,000.00
<PAGE>
Household Finance Corporation
Household Card Funding Corp. August 1997
Household Credit Card Master Trust I , Series 1997-1 Sep 15, 1997
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest $5.108403789
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $5.108403789
B. Calculation of Class B Interest
1. Calculation of Class B Certificate Rate
(a) One-month LIBOR 5.652340000%
(b) Spread 0.2800%
(c) Class B Certificate Rate 5.932340000%
2. Beginning Invested Amount $47,500,000.00
3. Days in Interest Period 31
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,388,279,951.41
(b) Collections of Finance Charge and Admin Recvbles$92,500,589.84
(c) Collections of Principal $1,295,779,361.57
2. Allocation of Receivables
(a) Class B Invested Percentage 4.750%
(b) Principal Allocation Percentage 90.247%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $233,423,906.53
% of Gross Receivables 3.87%
(b) Delinquent 30 - 59 days $82,577,634.33
% of Gross Receivables 1.37%
(c) Delinquent 60+ days $161,378,515.49
% of Gross Receivables 2.67%
4. Class B Investor Default Amount $282,371.41
5. Class B Investor Charge-offs; Reimbursement of Charge-offs
(a) Class B Investor Charge-offs, if any, for the Distribution
Date $0.00
(b) The amount of Item 5.(a) per $1,000 interest $0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-offs $0.00
(d) The amount of Item 5.(c) per $1,000 interest $0.00
(e) The amount, if any, by which the outstanding principal balance
of the Class B Certificates exceeds the Class B Invested
Amount as of the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the end of the
Distribution Date $0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at the end of the Distrib Date..0.00%
7. Available Collateral Invested Amount $82,500,000.00
8. Deficit Controlled Amortization Amount for the Distribution Date$0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of the last day of the preceding Due Period
...................................... $5,937,988,122.36
2. Finance Charge and Administrative Receivables as of the last day of
the preceding Due Period............................$95,093,927.39
