SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report January 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 juris- (Commission File Numbers) (IRS Employer
diction of incorpora- Identification
tion of Master Servicer) Number of
Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
(Address of principal executive offices of (Zip Code)
Master Servicer)
Servicer's telephone number, including area code 847/564-5000
Exhibit Index appears on page 4
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99(a) Statement to Certificateholders with respect to the distribution on
January 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 August 1, 1993
among Household Affinity Funding Corporation, as Seller, Household
Finance Corporation, as Servicer, and The Bank of New York, as
Trustee (the "Amended and Restated Pooling and Servicing
Agreement"), with respect to Class A and Class B Credit Card
Participation Certificates, Series 1993-1.
99(b) Statement to Certificateholders with respect to the distribution on
January 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
January 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
January 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
January 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-
99(f) Statement to Certificateholders with respect to the distribution on
January 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.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Servicer has duly caused this report to be signed on behalf of the Class A
and Class B Credit Card Participation Certificates, Series 1993-1, the Class
A and Class B Credit Card Participation Certificates, Series 1993-2, the
Class A and Class B Credit Card Participation Certificates, Series 1993-3,
the Class A and Class B Credit Card Participation Certificates, Series 1994-
1, the Class A and Class B Credit Card Participation Certificates, Series
1994-2, and the Class A and Class B Credit Card Participation Certificates,
Series 1995-1, by the undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
HOUSEHOLD AFFINITY CREDIT CARD
MASTER TRUST I
(Registrant)
By: /s/ J. W. Blenke
Dated: January 20, 1997 J. W. Blenke, Authorized Representative
-3-<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
5
99(a) Statement to Certificateholders with respect to the
distribution on January 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 August 1, 1993 among Household
Affinity Funding Corporation, as Seller, Household
Finance Corporation, as Servicer, and The Bank of New
York, as Trustee (the "Amended and Restated Pooling and
Servicing Agreement"), with respect to Class A and Class
B Credit Card Participation Certificates, Series 1993-1.
16
99(b) Statement to Certificateholders with respect to the
distribution on January 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 January 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 January 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 January 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.
67
99(f) Statement to Certificateholders with respect to the
distribution on January 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.
-4-
****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-1 15-Jan-97
***************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 26.601%
Annualized Gross Cash Yield 19.933%
Annualized Default Rate 6.022%
Annualized Portfolio Yield 13.911%
Delinquency status of accounts:
5 - 29 days ($) 263,002,397.32
5 - 29 days (%) (Gross/Gross) 3.87%
30 - 59 days($) 85,140,406.96
30 - 59 days (%) (Gross/Gross) 1.25%
60+ days ($) 180,577,588.46
60+ days (%) (Gross/Gross) 2.65%
Total ($) 528,720,392.74
Total (%) (Gross/Gross) 7.77%
Collections
Principal 1,638,009,941.81
Finance Charge 71,541,216.37
Fees 10,251,353.77
Allocated Interchange 25,187,499.71
Allocated Recoveries 411,245.05
Total 1,745,401,256.71
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 33,732,239.81
Principal Recoveries 1,290,218.07
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 32,442,021.74
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge
and Administrative Collections 17,539,707.80
Investor Defaulted Amount 5,313,178.75
Series Adjusted Portfolio Yield 13.857%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage 84.9996411%
Fixed Class A Invested Percentage 84.9996411%
Class A Monthly Interest (Due) [Section 4.08(a)] 4,354,102.50
Overdue Class A Monthly Interest (Due) [Section 4.08(a)] 0.00
Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Class A Investor Default Amount 4,516,182.87
Allocable Servicing Fee (Due) [Section 3] 1,764,713.33
Previously unpaid Allocable Servicing Fee 0.01
Class A Required Amount [Section 4.09(a)] 0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req.
Amount [Section 4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)] 0.00
From Subordinated Principal Collections [Section 4.15(a)] 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated
FC&A [Section 4.11(a)] 14,908,688.68
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 4,273,689.97
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously
unpaid Allocated Servicing Fee 0.00
Total Available for Class A Invested Percentage Allocations 10,634,998.71
Class A Monthly Interest (Paid) 4,354,102.50
Overdue Class A Monthly Interest (Paid) 0.00
Class A Additional Interest (Paid) 0.00
Overdue Class A Additional Interest (Paid) 0.00
Reimb. of Class A Investor Default Amount (Paid) 4,516,182.87
Allocable Servicing Fee (Paid) 1,764,713.33
Previously unpaid Allocable Servicing Fee (Paid) 0.01
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations *** 0.00
Class B Invested Percentage 5.0003400%
Fixed Class B Invested Percentage 5.0003400%
Class B Monthly Interest (Due) [Section 4.08(b)] 233,840.42
Overdue Class B Monthly Interest (Due) [Section 4.08(b)] 0.00
Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Class B Investor Default Amount 265,677.00
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the
Cummulative Excess Interest 0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)] 0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections
allocable to the Collateral In 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 265,677.00
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections
allocable to the Collateral In 0.00
Total Funded 265,677.00
Class B Invested Percentage of Reallocated
FC&A [Section 4.11(b)] 877,045.02
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 643,204.60
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest: 0.00
Funded Class B Default Amount 265,677.00
Total Available for Class B Floating Allocations 499,517.42
Class B Monthly Interest (Paid) 233,840.42
Overdue Class B Monthly Interest (Paid) 0.00
Class B Additional Interest (Paid) 0.00
Overdue Class B Additional Interest (Paid) 0.00
Reimbursement Class B Investor Default Amount (Paid) 265,677.00
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000189%
Collateral Monthly Interest (Due) [Section 4.08(c)] 582,839.15
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)] 0.00
Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Collateral Investor Default Amount 531,318.88
Collateral Invested Percentage of
Reallocated FC&A [Section 4.11(b-1)] 1,753,974.09
Amount that constitutes Excess
FC&A [Section 4.11(b-1)(ii)] 1,171,134.94
From Excess Reallocated FC&A to
Fund Collateral Investor Default Amount [Se 531,318.88
Total Available for Collateral
Invested Percentage Allocations 1,114,158.03
Collateral Monthly Interest (Paid) 582,839.15
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid) 0.00
Reimbursement of Collateral Default Amount (Paid) 531,318.88
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)] 4,273,689.97
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 643,204.60
Excess Collateral Interest
Reallocated FC&A [Section 4.11(b-1)(ii)] 1,171,134.94
Total 6,088,029.51
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)] 0.00
Allocated to reimburse Class A
Investor Charge-Offs [Section 4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)] 0.00
Allocated to fund the Class B Investor
Default Amount [Section 4.13(d)] 265,677.00
Allocated to reimburse Class B
Invested Amount reductions [Section 4.13 0.00
Allocated to unpaid Allocated
Servicing Fee from previous periods [Sect 0.00
Allocated to fund the Collateral
Default Amount [Section 4.13(g)] 531,318.88
Allocated to reimburse Collateral
Invested Amount reductions [Section 4 0.00
Allocated to the Cash
Collateral Account [Section 4.13(i)] 0.00
Allocated pursuant to the
Collateral Agreement [Section 4.13(j)] 5,291,033.63
Subordinated Principal Collections [Section 4.15] 40,240,623.34
Allocated to Class A Required Amount [Section 4.15(a)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)] 0.00
Allocated to fund the Class B Investor Default
Amount [Section 4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test] Not Triggered
Other Amortization Events Not Triggered
Transaction Period REVOLVING
Principal Allocation Percentage N/A
Principal Allocation Percentage Numerator N/A
Available Investor Principal Collections
Investor Principal Collections 246,219,772.65
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1993-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collections] 0.00
Available Investor Principal Collections 246,219,772.65
Collateral Principal Collections 27,357,809.93
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.09(a)] 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 246,219,772.65
Class B Monthly Principal (Due) [Section 4.09(b)] 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 4.09(c)] 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1993-1 Principal Shortfall 0.00
Trust Excess Principal Collections 273,577,582.58
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 4,354,102.50
from Principal Funding Account N/A
Paid to Class A Certificateholders 4,354,102.50
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 233,840.42
from Principal Funding Account N/A
Paid to Class B Certificateholders 233,840.42
Principal Funding Account Balance N/A
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Offs 0.00
Cumulative Unreimbursed Class A Investor Charge-Offs 0.00
Reduction of Class B Invested Amount (Other than Class B ICO) 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Offs 0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions 0.00
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested Amount 105,883,000.00
Current Month's ending Collateral Invested Amount 105,883,000.00
Reimbursement of Collateral Invested Amount reductions 0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing Fee 0.00
Cumulative unreimbursed unpaid Allocated Serving Fee 0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,465,154,399.55
Average Principal outstanding based upon additional accounts 6,465,154,399.55
Principal Receivables outstanding 6,714,768,078.71
Finance Charge and Administrative Receivables outstanding 88,788,844.59
Class A Invested Amount 900,000,000.00
Class B Invested Amount 52,945,000.00
Collateral Invested Amount 105,883,000.00
Series Adjusted Invested Amount 1,058,828,000.00
Series Required Sellers Amount 74,117,960.00
Required Collateral Amount 105,883,000.00
Available Collateral Amount 105,883,000.00
Class A Certificate Balance 900,000,000.00
Class B Certificate Balance 52,945,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance 0.00
Deposit of Excess Collections 0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount 0.00
To reimburse Class A Investor Charge-Offs 0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount 0.00
To fund the Class B Investor Default Amount 0.00
To reimburse Class B Invested Amount reductions 0.00
Total 0.00
Deposit of Collateral Monthly Principal 0.00
Net Available 0.00
Required Cash Collateral Amount 0.00
Collateral Surplus 0.00
Cash Collateral Account Surplus 0.00
End Balance 0.00
Collateral Surplus (Prime) 0.00
Cash Collateral Account Surplus (Prime) 0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest 582,839.15
Excess 5,291,033.63
Earnings on Cash Collateral Account 0.00
Earnings on Spread, Principal Retention, and
Non-Principal Rete 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 5,873,872.78
Available Principal Funds 0.00
Interest Due on the CA Bank Principal Balance 420,959.11
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section 2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)] 420,959.11
Payment of CA Bank Charge-offs [CA Section 2.10(a)(ii)] 0.00
Payment of fees, expenses and other
amounts [CA Section 2.10(a)(i 0.00
Payment to reduce CA Bank Princ.
Balance to Target Amount, pursua 0.00
Payment to reduce CA Bank Princ.
Balance to Target Amount, pursua 0.00
Deposit to Non-Principal
Retention Account [CA Section 2.10(a)(v) 0.00
Allocated to cover the Spread
Account Deficiency [CA Section 2.10 0.00
Remaining Funds to be Paid
to HAFC (CA Residual Interest Holder) 5,452,913.67
<TABLE>
<CAPTION>
Application of Available Principal Funds [CA Secction 2.10(b)]
<S>
<S> <C>
Payment to reduce CA
Bank Principal Balance [CA Section 2.10(b)(i 0.00
Payment cover remaining CA Bank
Charge-offs [CA Section 2.10(b)(i 0.00
Payment cover deficiencies of Non-Principal Applications,
pursuant to CA Section 2
Payment of unpaid Interest 0.00
Payment of unpaid CA Bank Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account [CA Section 2.10(b)(iv 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest 0.00
Payment of CA Bank Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce CA Bank Princ. Balance to Target Amount, pursua 0.00
Payment to reduce CA Bank Princ. Balance to Target Amount, pursua 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 5,452,913.67
Excess Spread Percentage 6.18%
Quarterly Excess Spread Percentage 5.88%
Semi-Annual Excess Spread Percentage 5.38%
CA Bank Interest
CA Bank Target Invested Amount 76,765,175.00
CA Bank Principal Balance 76,765,175.00
CA Bank Invested Amount 76,765,175.00
CA Bank Charge-offs 0.00
CA Bank Percentage 72.50%
CA Residual Interest 29,117,825.00
CA Residual Invested Amount 29,117,825.00
Spread Account
Spread Account Cap 0.00
Spread Account Withdrawls 0.00
Spread Account Deposits 0.00
Spread Account Amount 0.00
Spread Account Deficiency 0.00
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust I, Series 1993-1 15-Jan-97
********************************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.837891667
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.837891667
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate 0.000000%
a. One-month LIBOR 5.605470%
b. Spread 0.200000%
c. Class A Certificate Rate 5.805470%
2. Beginning Invested Amount 900,000,000.00
3. Number of Days in the Interest Period 30
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of Finance Charge & Administrative Receivables 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9996411%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class A Investor Default Amount 4,516,182.87
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution 0.00
Date(s) with respect to the Payment Date 1,764,713.33
8. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class A Pool Factor 1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 52,945,000.00
2. Available Collateral Invested Amount as of the end of the Payment Dat 105,883,000.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation 01-Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-1 15-Jan-97
********************************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.416667
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.416667
B. Calculation of Class B Interest
1. Class B Coupon 5.30%
2. Beginning Invested Amount 52,945,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of FC&A 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0003400%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class B Investor Default Amount 265,677.00
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any,
for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 105,883,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-2 15-Jan-97
********************************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 26.601%
Annualized Gross Cash Yield 19.933%
Annualized Default Rate 6.022%
Annualized Portfolio Yield 13.911%
Delinquency status of accounts:
5 - 29 days ($) 263,002,397.32
5 - 29 days (%) (Gross/Gross) 3.87%
30 - 59 days($) 85,140,406.96
30 - 59 days (%) (Gross/Gross) 1.25%
60+ days ($) 180,577,588.46
60+ days (%) (Gross/Gross) 2.65%
Total ($) 528,720,392.74
Total (%) (Gross/Gross) 7.77%
Collections
Principal 1,638,009,941.81
Finance Charge 71,541,216.37
Fees 10,251,353.77
Allocated Interchange 25,187,499.71
Allocated Recoveries 411,245.05
Total 1,745,401,256.71
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 33,732,239.81
Principal Recoveries 1,290,218.07
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 32,442,021.74
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 9,673,347.10
Investor Defaulted Amount 2,951,757.05
Series Adjusted Portfolio Yield 13.712%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage 84.9998980%
Fixed Class A Invested Percentage 84.9998980%
Class A Monthly Interest (Due) [Section 4.08(a)] 2,333,333.33
Overdue Class A Monthly Interest (Due) [Section 4.08(a)] 0.00
Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Class A Investor Default Amount 2,508,990.48
Allocable Servicing Fee (Due) [Section 3] 980,393.33
Previously unpaid Allocable Servicing Fee 0.00
Class A Required Amount [Section 4.09(a)] 0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section 4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)] 0.00
From Subordinated Principal Collections [Section 4.15(a)] 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)] 8,222,335.17
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,399,618.03
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee 0.00
Total Available for Class A Invested Percentage Allocations 5,822,717.14
Class A Monthly Interest (Paid) 2,333,333.33
Overdue Class A Monthly Interest (Paid) 0.00
Class A Additional Interest (Paid) 0.00
Overdue Class A Additional Interest (Paid) 0.00
Reimb. of Class A Investor Default Amount (Paid) 2,508,990.48
Allocable Servicing Fee (Paid) 980,393.33
Previously unpaid Allocable Servicing Fee (Paid) 0.00
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage 5.0000340%
Fixed Class B Invested Percentage 5.0000340%
Class B Monthly Interest (Due) [Section 4.08(b)] 144,609.00
Overdue Class B Monthly Interest (Due) [Section 4.08(b)] 0.00
Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Class B Investor Default Amount 147,588.86
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest 0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)] 0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 147,588.86
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 147,588.86
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 483,670.64
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 339,061.64
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest: 0.00
Funded Class B Default Amount 147,588.86
Total Available for Class B Floating Allocations 292,197.86
Class B Monthly Interest (Paid) 144,609.00
Overdue Class B Monthly Interest (Paid) 0.00
Class B Additional Interest (Paid) 0.00
Overdue Class B Additional Interest (Paid) 0.00
Reimbursement Class B Investor Default Amount (Paid) 147,588.86
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000680%
Collateral Monthly Interest (Due) [Section 4.08(c)] 323,800.14
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)] 0.00
Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Collateral Investor Default Amount 295,177.71
Collateral Invested Percentage of Reallocated FC&A [Section 4.11(b-1)] 967,341.29
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)] 643,541.15
From Excess Reallocated FC&A to Fund Collateral Investor Default Amount [Se 295,177.71
Total Available for Collateral Invested Percentage Allocations 618,977.85
Collateral Monthly Interest (Paid) 323,800.14
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid) 0.00
Reimbursement of Collateral Default Amount (Paid) 295,177.71
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)] 2,399,618.03
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 339,061.64
Excess Collateral Interest Reallocated FC&A [Section 4.11(b-1)(ii)] 643,541.15
Total 3,382,220.82
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)] 0.00
Allocated to reimburse Class A Investor Charge-Offs [Section 4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.13(d)] 147,588.86
Allocated to reimburse Class B Invested Amount reductions [Section 4.13 0.00
Allocated to unpaid Allocated Servicing Fee from previous periods [Sect 0.00
Allocated to fund the Collateral Default Amount [Section 4.13(g)] 295,177.71
Allocated to reimburse Collateral Invested Amount reductions [Section 4 0.00
Allocated to the Cash Collateral Account [Section 4.13(i)] 0.00
Allocated pursuant to the Collateral Agreement [Section 4.13(j)] 2,939,454.25
Subordinated Principal Collections [Section 4.15] 22,355,451.44
Allocated to Class A Required Amount [Section 4.15(a)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test] Not Triggered
Other Amortization Events Not Triggered
Transaction Period REVOLVING
Principal Allocation Percentage N/A
Principal Allocation Percentage Numerator N/A
Available Investor Principal Collections
Investor Principal Collections 136,788,274.54
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1993-2 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collections] 0.00
Available Investor Principal Collections 136,788,274.54
Collateral Principal Collections 15,198,812.00
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.09(a)] 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 136,788,274.54
Class B Monthly Principal (Due) [Section 4.09(b)] 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 4.09(c)] 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1993-2 Principal Shortfall 0.00
Trust Excess Principal Collections 151,987,086.54
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 2,333,333.33
from Principal Funding Account N/A
Paid to Class A Certificateholders 2,333,333.33
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 144,609.00
from Principal Funding Account N/A
Paid to Class B Certificateholders 144,609.00
Principal Funding Account Balance N/A
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Offs 0.00
Cumulative Unreimbursed Class A Investor Charge-Offs 0.00
Reduction of Class B Invested Amount (Other than Class B ICO) 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Offs 0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions 0.00
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested Amount 58,824,000.00
Current Month's ending Collateral Invested Amount 58,824,000.00
Reimbursement of Collateral Invested Amount reductions 0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing Fee 0.00
Cumulative unreimbursed unpaid Allocated Serving Fee 0.00
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,465,154,399.55
Average Principal outstanding based upon additional accounts 6,465,154,399.55
Principal Receivables outstanding 6,714,768,078.71
Finance Charge and Administrative Receivables outstanding 88,788,844.59
Class A Invested Amount 500,000,000.00
Class B Invested Amount 29,412,000.00
Collateral Invested Amount 58,824,000.00
Series Adjusted Invested Amount 588,236,000.00
Series Required Sellers Amount 41,176,520.00
Required Collateral Amount 58,824,000.00
Available Collateral Amount 58,824,000.00
Class A Certificate Balance 500,000,000.00
Class B Certificate Balance 29,412,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance 0.00
Deposit of Excess Collections 0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount 0.00
To reimburse Class A Investor Charge-Offs 0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount 0.00
To fund the Class B Investor Default Amount 0.00
To reimburse Class B Invested Amount reductions 0.00
Total 0.00
Deposit of Collateral Monthly Principal 0.00
Net Available 0.00
Required Cash Collateral Amount 0.00
Collateral Surplus 0.00
Cash Collateral Account Surplus 0.00
End Balance 0.00
Collateral Surplus (Prime) 0.00
Cash Collateral Account Surplus (Prime) 0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest 323,800.14
Excess 2,939,454.25
Earnings on Cash Collateral Account 13,344.69
Earnings on Spread, Principal Retention, and Non-Principal Rete 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 3,276,599.08
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 249,236.11
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section 2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)] 249,236.11
Payment of CA Investor Charge-offs [CA Section 2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section 2.10(a)(i 0.00
Payment to reduce CA Investor Princ. Bal. to Target Amount, pursu 0.00
Deposit to Non-Principal Retention Account [CA Section 2.10(a)(iv 0.00
Allocated to cover the Spread Account Deficiency [CA Section 2.10 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 3,027,362.97
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA Section 2.10( 0.00
Payment cover remaining CA Investor Charge-offs [CA Section 2.10( 0.00
Payment cover deficiencies of Non-Principal Applications, pursuant to CA Section 2
Payment of unpaid Interest 0.00
Payment of unpaid CA Investor Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account (during early am. only 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest 0.00
Payment of CA Investor Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pu 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pu 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 3,027,362.97
Excess Spread Percentage 6.18%
Quarterly Excess Spread Percentage 5.88%
CA Investor Interest
CA Investor Target Invested Amount 47,059,200.00
CA Investor Principal Balance 47,059,200.00
CA Investor Invested Amount 47,059,200.00
CA Investor Charge-offs 0.00
CA Investor Percentage (after dist. this month) 80.00%
CA Residual Interest (after dist. this month) 11,764,800.00
CA Residual Invested Amount (after dist. this month) 11,764,800.00
CA Residual Target 11,764,800.00
Spread Account
Spread Account Cap 0.00
Quarterly Excess Cap 0.00
Payment Rate Cap 0.00
Spread Account Withdrawls 0.00
Spread Account Deposits 0.00
Spread Account Amount 0.00
Spread Account Deficiency 0.00
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
*** Application of Funds Pursuant to the Subordinated Collateral Agreement ***
Available Funds
Available Non-Principal Funds 3,027,362.97
Available Principal Funds 0.00
Interest Due on the SCA Investor Principal Balance 53,717.12
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [SCA Section ]
Payment of Interest [SCA Section ] 53,717.12
Payment of SCA Investor Charge-offs [SCA Section ] 0.00
Payment of fees, expenses and other amounts [SCA Section ] 0.00
Payment to reduce SCA Investor Princ. Bal. to Target Amount, purs 0.00
Deposit to Non-Principal Retention Account [SCA Section ] 0.00
Allocated to cover the Spread Account Deficiency [SCA Section ] 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest Holder) 2,973,645.85
Application of Available Principal Funds [SCA Section ]
Payment to reduce SCA Investor Principal Balance [SCA Section ] 0.00
Payment cover remaining SCA Investor Charge-offs [SCA Section ] 0.00
Payment cover deficiencies of Non-Principal Applications, pursuant to SCA Section
Payment of unpaid Interest 0.00
Payment of unpaid SCA Investor Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account (during early am only) 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest Holder) 0.00
Withdrawls from the Spread Account, pursuant to Section
Payment of Interest 0.00
Payment of SCA Investor Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce SCA Investor Princ. Balance to Target Amount, p 0.00
Payment to reduce SCA Investor Princ. Balance to Target Amount, p 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 2,973,645.85
Monthly Excess Spread Percentage 6.07%
Bi-Monthly Excess Spread Percentage 5.32%
Quarterly Excess Spread Percentage 5.77%
Semi-annual Excess Spread Percentage 5.26%
SCA Investor Interest
SCA Investor Target Invested Amount 8,823,600.00
SCA Investor Principal Balance 8,823,600.00
SCA Investor Invested Amount 8,823,600.00
SCA Investor Charge-offs 0.00
SCA Investor Percentage (after dist. this month) 15.00%
SCA Residual Interest (after dist. this month) 2,941,200.00
SCA Residual Invested Amount (after dist. this month) 2,941,200.00
SCA Residual Target 2,941,200.00
Spread Account
Overall Spread Account Cap 2,941,200.00
Payment rate Spread Account Cap 0.00
Monthly Spread Account Cap 0.00
Bi-Monthly Spread Account Cap 2,941,200.00
Quarterly Excess Spread Cap 2,941,200.00
Semi-Annual Excess Spread Cap 2,941,200.00
Spread Account Withdrawls 0.00
Spread Account Deposits 0.00
Spread Account Amount 2,941,200.00
Spread Account Deficiency 0.00
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
Total Spread Account Amount 2,941,200.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance 47,059,200.00
Current Maximum CA Investor Target Invested Amount 47,059,200.00
Current CA Investor Commitment Amount 0.00
CA Investor Commitment Fee Rate 0.375%
CA Investor Commitment Fee 0.00
Calculation of Subordinated Collateral Agreement Commitment Fee
Current SCA Investor Principal Balance 8,823,600.00
Current SCA Investor Target Invested Amount 8,823,600.00
Current SCA Investor Commitment Amount 0.00
SCA Investor Commitment Fee Rate 0.420%
SCA Investor Commitment Fee 0.00
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-2 15-Jan-97
********************************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.6666667
2. Principal distribution per $1,000 interest 0.0000000
3. Interest distribution per $1,000 interest 4.6666667
B. Calculation of Class A Interest
1. Class A Certificate Coupon 5.60%
2. Beginning Invested Amount 500,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of Finance Charge & Administrative Receivables 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9998980%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class A Investor Default Amount 2,508,990.48
CLASS A CERTIFICATEHOLDER'S STATEMENT
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 980,393.33
8. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class A Pool Factor 1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 29,412,000.00
2. Available Collateral Invested Amount as of the end of the Payment Dat 58,824,000.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-2 Jan-97
********************************************************************************************
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 $1,000 interest 4.9166667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 5.9000%
2. Beginning Class B Invested Amount 29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of FC&A 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000340%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.000000
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
1.25%
(c) 60+ days -- ($) 180,577,588.46
2.65%
5. Class B Investor Default Amount 147,588.86
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any,
for the Distribution Date(s) with respect to the
Payment Date 0.000000
(b) The amount of Item 6(a) per $1,000 interest 0.000000
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions 0.000000
(d) The amount of Item 6(c) per $1,000 interest 0.000000
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.000000
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.000000
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the 0.000000
Payment Date 0.000000
8. Available Collateral Invested Amount 58,824,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-3 15-Jan-97
********************************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 26.601%
Annualized Gross Cash Yield 19.933%
Annualized Default Rate 6.022%
Annualized Portfolio Yield 13.911%
Delinquency status of accounts:
5 - 29 days ($) 263,002,397.32
5 - 29 days (%) (Gross/Gross) 3.87%
30 - 59 days($) 85,140,406.96
30 - 59 days (%) (Gross/Gross) 1.25%
60+ days ($) 180,577,588.46
60+ days (%) (Gross/Gross) 2.65%
Total ($) 528,720,392.74
Total (%) (Gross/Gross) 7.77%
Collections
Principal 1,638,009,941.81
Finance Charge 71,541,216.37
Fees 10,251,353.77
Allocated Interchange 25,187,499.71
Allocated Recoveries 411,245.05
Total 1,745,401,256.71
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 33,732,239.81
Principal Recoveries 1,290,218.07
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 32,442,021.74
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 4,764,328.33
Investor Defaulted Amount 1,645,605.71
Series Adjusted Portfolio Yield 19.426%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage 64.8853139%
Fixed Class A Invested Percentage 84.9998980%
Class A Monthly Interest (Due) [Section 4.08(a)] 601,611.46
Overdue Class A Monthly Interest (Due) [Section 4.08(a)] 0.00
Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Class A Investor Default Amount 1,067,756.43
Allocable Servicing Fee (Due) [Section 3] 546,569.67
Previously unpaid Allocable Servicing Fee 0.01
Class A Required Amount [Section 4.09(a)] 0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section 4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)] 0.00
From Subordinated Principal Collections [Section 4.15(a)] 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)] 3,091,349.39
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 875,411.82
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee 0.00
Total Available for Class A Invested Percentage Allocations 2,215,937.57
Class A Monthly Interest (Paid) 601,611.46
Overdue Class A Monthly Interest (Paid) 0.00
Class A Additional Interest (Paid) 0.00
Overdue Class A Additional Interest (Paid) 0.00
Reimb. of Class A Investor Default Amount (Paid) 1,067,756.43
Allocable Servicing Fee (Paid) 546,569.67
Previously unpaid Allocable Servicing Fee (Paid) 0.01
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage 15.2672548%
Fixed Class B Invested Percentage 5.0000340%
Class B Monthly Interest (Due) [Section 4.08(b)] 121,324.50
Overdue Class B Monthly Interest (Due) [Section 4.08(b)] 0.00
Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Class B Investor Default Amount 251,238.82
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest 0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)] 0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 251,238.82
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 251,238.82
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 727,382.15
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 606,057.65
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest: 0.00
Funded Class B Default Amount 251,238.82
Total Available for Class B Floating Allocations 372,563.32
Class B Monthly Interest (Paid) 121,324.50
Overdue Class B Monthly Interest (Paid) 0.00
Class B Additional Interest (Paid) 0.00
Overdue Class B Additional Interest (Paid) 0.00
Reimbursement Class B Investor Default Amount (Paid) 251,238.82
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 19.8474313%
Collateral Monthly Interest (Due) [Section 4.08(c)] 210,470.09
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)] 0.00
Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Collateral Investor Default Amount 326,610.46
Collateral Invested Percentage of Reallocated FC&A [Section 4.11(b-1)] 945,596.79
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)] 735,126.70
From Excess Reallocated FC&A to Fund Collateral Investor Default Amount [Se 326,610.46
Total Available for Collateral Invested Percentage Allocations 537,080.55
Collateral Monthly Interest (Paid) 210,470.09
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid) 0.00
Reimbursement of Collateral Default Amount (Paid) 326,610.46
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)] 875,411.82
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 606,057.65
Excess Collateral Interest Reallocated FC&A [Section 4.11(b-1)(ii)] 735,126.70
Total 2,216,596.17
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)] 0.00
Allocated to reimburse Class A Investor Charge-Offs [Section 4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.13(d)] 251,238.82
Allocated to reimburse Class B Invested Amount reductions [Section 4.13 0.00
Allocated to unpaid Allocated Servicing Fee from previous periods [Sect 0.00
Allocated to fund the Collateral Default Amount [Section 4.13(g)] 326,610.46
Allocated to reimburse Collateral Invested Amount reductions [Section 4 0.00
Allocated to the Cash Collateral Account [Section 4.13(i)] 0.00
Allocated pursuant to the Collateral Agreement [Section 4.13(j)] 1,638,746.89
Subordinated Principal Collections [Section 4.15] 52,333,288.11
Allocated to Class A Required Amount [Section 4.15(a)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test] Not Triggered
Other Amortization Events Not Triggered
Transaction Period Cont. Amort.
Principal Allocation Percentage 85.7183241%
Principal Allocation Percentage Numerator 588,236,000.00
Available Investor Principal Collections
Investor Principal Collections 135,450,690.45
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1993-3 Excess Principal Collections 41,966,664.80
[Subordinated Series Reallocated Principal Collections] 0.00
Available Investor Principal Collections 177,417,355.25
Collateral Principal Collections 15,230,244.75
Controlled Distribution Amount 125,000,000.00
Class A Monthly Principal (Due) [Section 4.09(a)] 125,000,000.00
Class A Monthly Principal (Paid) 125,000,000.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 52,417,355.25
Class B Monthly Principal (Due) [Section 4.09(b)] 29,412,000.00
Class B Monthly Principal (Paid) 29,412,000.00
Collateral Monthly Principal (Due) [Section 4.09(c)] 38,235,600.00
Collateral Monthly Principal (Paid) 38,235,600.00
Series 1993-3 Principal Shortfall 41,966,664.80
Trust Excess Principal Collections 0.00
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 125,000,000.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 29,412,000.00
Principal Distributed to Class B Certificateholders 29,412,000.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 601,611.46
from Principal Funding Account N/A
Paid to Class A Certificateholders 601,611.46
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 121,324.50
from Principal Funding Account N/A
Paid to Class B Certificateholders 121,324.50
Principal Funding Account Balance 0.00
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Offs 0.00
Cumulative Unreimbursed Class A Investor Charge-Offs 0.00
Reduction of Class B Invested Amount (Other than Class B ICO) 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Offs 0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions 0.00
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested Amount 38,235,600.00
Current Month's ending Collateral Invested Amount 0.00
Reimbursement of Collateral Invested Amount reductions 0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing Fee 0.00
Cumulative unreimbursed unpaid Allocated Serving Fee 0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,465,154,399.55
Average Principal outstanding based upon additional accounts 6,465,154,399.55
Principal Receivables outstanding [End of Month] 6,714,768,078.71
Finance Charge and Administrative Receivables outstanding 88,788,844.59
Class A Invested Amount (after principal payments made this distribution da 0.00
Class B Invested Amount 0.00
Collateral Invested Amount 0.00
Series Adjusted Invested Amount 588,236,000.00
Series Required Sellers Amount 41,176,520.00
Required Collateral Amount 0.00
Available Collateral Amount 0.00
Class A Certificate Balance 0.00
Class B Certificate Balance 0.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance 0.00
Deposit of Excess Collections 0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount 0.00
To reimburse Class A Investor Charge-Offs 0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount 0.00
To fund the Class B Investor Default Amount 0.00
To reimburse Class B Invested Amount reductions 0.00
Total 0.00
Deposit of Collateral Monthly Principal 38,235,600.00
Net Available 38,235,600.00
Required Cash Collateral Amount 0.00
Collateral Surplus 38,235,600.00
Collateral Cash Surplus 38,235,600.00
End Balance 0.00
Collateral Surplus (Prime) 0.00
Cash Collateral Account Surplus (Prime) 0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest 210,470.09
Excess 1,638,746.89
Earnings on Cash Collateral Account 13,344.69
Earnings on Spread, Principal Retention, and Non-Principal Rete 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 1,862,561.67
Available Principal Funds 38,235,600.00
Interest Due on the CA Investor Principal Balance 139,092.36
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section 2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)] 139,092.36
Payment of CA Investor Charge-offs [CA Section 2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section 2.10(a)(i 0.00
Payment to reduce CA Investor Princ. Bal. to Target Amount, pursu 0.00
Deposit to Non-Principal Retention Account [CA Section 2.10(a)(iv 0.00
Allocated to cover the Spread Account Deficiency [CA Section 2.10 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 1,723,469.31
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA Section 2.10( 26,470,800.00
Payment cover remaining CA Investor Charge-offs [CA Section 2.10( 0.00
Payment cover deficiencies of Non-Principal Applications, pursuant to CA Section 2
Payment of unpaid Interest 0.00
Payment of unpaid CA Investor Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account (during early am only) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 11,764,800.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest 0.00
Payment of CA Investor Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pu 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pu 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 1,723,469.31
Monthly Excess Spread Percentage 10.74%
Quarterly Excess Spread Percentage 8.67%
CA Investor Interest
CA Investor Target Invested Amount 47,059,200.00
CA Investor Principal Balance 0.00
CA Investor Invested Amount 0.00
CA Investor Charge-offs 0.00
CA Investor Percentage (after dist. this month) 80.00%
CA Residual Interest (after dist. this month) 0.00
CA Residual Invested Amount (after dist. this month) 0.00
CA Residual Target 11,764,800.00
Spread Account
Spread Account Cap 0.00
Quarterly Excess Cap 0.00
Payment Rate Cap 0.00
Spread Account Withdrawls 0.00
Spread Account Deposits 0.00
Spread Account Amount 0.00
Spread Account Deficiency 0.00
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
*** Application of Funds Pursuant to the Subordinated Collateral Agreement ***
Available Funds
Available Non-Principal Funds 1,723,469.31
Available Principal Funds 11,764,800.00
Interest Due on the SCA Investor Principal Balance 53,349.47
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [SCA Section ]
Payment of Interest [SCA Section ] 53,349.47
Payment of SCA Investor Charge-offs [SCA Section ] 0.00
Payment of fees, expenses and other amounts [SCA Section ] 0.00
Payment to reduce SCA Investor Princ. Bal. to Target Amount, purs 0.00
Deposit to Non-Principal Retention Account [SCA Section ] 0.00
Allocated to cover the Spread Account Deficiency [SCA Section ] 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest Holder) 1,670,119.84
Application of Available Principal Funds [SCA Section ]
Payment to reduce SCA Investor Principal Balance [SCA Section ] 8,823,600.00
Payment cover remaining SCA Investor Charge-offs [SCA Section 2.1 0.00
Payment cover deficiencies of Non-Principal Applications, pursuant to SCA Section
Payment of unpaid Interest 0.00
Payment of unpaid SCA Investor Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account (during early am only) 0.00
Remaining Funds to be Paid to HAFC (SCA Residual Interest Holder) 2,941,200.00
Withdrawls from the Spread Account, pursuant to Section
Payment of Interest 0.00
Payment of SCA Investor Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce SCA Investor Princ. Balance to Target Amount, p 0.00
Payment to reduce SCA Investor Princ. Balance to Target Amount, p 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 2,941,200.00
Current Excess Spread 1,670,119.84
Monthly Excess Spread Percentage 10.40%
Bi-Monthly Excess Spread Percentage 8.44%
Quarterly Excess Spread Percentage 8.45%
Semi-annual Excess Spread Percentage 6.60%
SCA Investor Interest
SCA Investor Target Invested Amount 8,823,600.00
SCA Investor Principal Balance 0.00
SCA Investor Invested Amount 0.00
SCA Investor Charge-offs 0.00
SCA Investor Percentage (after dist. this month) 15.00%
SCA Residual Interest (after dist. this month) 0.00
SCA Residual Invested Amount (after dist. this month) 0.00
SCA Residual Target 2,941,200.00
Spread Account
Overall Spread Account Cap 0.00
Payment rate Spread Account Cap 0.00
Monthly Spread Account Cap 0.00
Bi-Monthly Spread Account Cap 0.00
Quarterly Excess Spread Cap 0.00
Spread account "step down" limits. 0.00
Spread Account Withdrawls 2,941,200.00
Spread Account Deposits 0.00
Spread Account Amount 0.00
Spread Account Deficiency 0.00
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
Total Spread Account Amount 0.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance 26,470,800.00
Current Maximum CA Investor Target Invested Amount 47,059,200.00
Current CA Investor Commitment Amount 0.00
CA Investor Commitment Fee Rate 0.350%
CA Investor Commitment Fee 0.00
Calculation of Subordinated Collateral Agreement Commitment Fee
Current SCA Investor Principal Balance 8,823,600.00
Current SCA Investor Target Invested Amount 8,823,600.00
Current SCA Investor Commitment Amount 0.00
SCA Investor Commitment Fee Rate 0.420%
SCA Investor Commitment Fee 0.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-3 15-Jan-97
********************************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 251.203223
2. Principal distribution per $1,000 interest 250.000000
3. Interest distribution per $1,000 interest 1.203223
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.605470%
(b) Spread 0.170000%
(c) Class A Certificate Rate 5.775470%
2. Beginning Invested Amount 125,000,000.00
3. Days in the Interest Period 30
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of Finance Charge & Administrative Receivables 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class A Invested Percentage 64.8853139%
(b) Principal Allocation Percentage 0.86
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 125,000,000.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class A Investor Default Amount 1,067,756.43
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 546,569.67
8. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class A Pool Factor 0.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 0.00
2. Available Collateral Invested Amount as of the end of the Payment Dat 0.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1993-3 15-Jan-97
********************************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 1004.125000
2. Principal distribution per $1,000 interest 1000.000000
3. Interest distribution per $1,000 interest 4.125000
B. Calculation of Class B Interest
1. Class B Certificate Coupon 4.9500%
2. Beginning Class B Invested Amount 29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of FC&A 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class B Invested Percentage 15.267254822%
(b) Principal Allocation Percentage 0.86
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 29,412,000.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class B Investor Default Amount 251,238.82
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any,
for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00
8. Available Collateral Invested Amount 0.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 0.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1994-1 15-Jan-97
********************************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 26.601%
Annualized Gross Cash Yield 19.933%
Annualized Default Rate 6.022%
Annualized Portfolio Yield 13.911%
Delinquency status of accounts:
5 - 29 days ($) 263,002,397.32
5 - 29 days (%) (Gross/Gross) 3.87%
30 - 59 days($) 85,140,406.96
30 - 59 days (%) (Gross/Gross) 1.25%
60+ days ($) 180,577,588.46
60+ days (%) (Gross/Gross) 2.65%
Total ($) 528,720,392.74
Total (%) (Gross/Gross) 7.77%
Collections
Principal 1,638,009,941.81
Finance Charge 71,541,216.37
Fees 10,251,353.77
Allocated Interchange 25,187,499.71
Allocated Recoveries 411,245.05
Total 1,745,401,256.71
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 33,732,239.81
Principal Recoveries 1,290,218.07
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 32,442,021.74
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 16,561,044.28
Investor Defaulted Amount 5,017,980.97
Series Adjusted Portfolio Yield 13.852%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage 85.0000000%
Fixed Class A Invested Percentage 85.0000000%
Class A Monthly Interest (Due) [Section 4.08(a)] 4,076,791.25
Overdue Class A Monthly Interest (Due) [Section 4.08(a)] 0.00
Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Class A Investor Default Amount 4,265,283.82
Allocable Servicing Fee (Due) [Section 3] 1,666,666.67
Previously unpaid Allocable Servicing Fee (0.00)
Class A Required Amount [Section 4.10 (a)] 0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section 4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)] 0.00
From Subordinated Principal Collections [Section 4.15(a)] 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)] 14,076,887.64
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 4,068,145.90
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee 0.00
Total Available for Class A Invested Percentage Allocations 10,008,741.74
Class A Monthly Interest (Paid) 4,076,791.25
Overdue Class A Monthly Interest (Paid) 0.00
Class A Additional Interest (Paid) 0.00
Overdue Class A Additional Interest (Paid) 0.00
Reimb. of Class A Investor Default Amount (Paid) 4,265,283.82
Allocable Servicing Fee (Paid) 1,666,666.67
Previously unpaid Allocable Servicing Fee (Paid) 0.00
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage 5.0000000%
Fixed Class B Invested Percentage 5.0000000%
Class B Monthly Interest (Due) [Section 4.08(b)] 252,083.33
Overdue Class B Monthly Interest (Due) [Section 4.08(b)] 0.00
Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Class B Investor Default Amount 250,899.05
0
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest 0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)] 0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 250,899.05
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 250,899.05
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 828,052.21
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 575,968.88
Funded Excess current or overdue Class B Monthly Interest, 0
Class B Additional Interest or the Cummulative Excess Interest: 0.00
Funded Class B Default Amount 250,899.05
Total Available for Class B Floating Allocations 502,982.38
Class B Monthly Interest (Paid) 252,083.33
Overdue Class B Monthly Interest (Paid) 0.00
Class B Additional Interest (Paid) 0.00
Overdue Class B Additional Interest (Paid) 0.00
Reimbursement Class B Investor Default Amount (Paid) 250,899.05
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 550,455.83
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)] 0.00
Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Collateral Investor Default Amount 501,798.10
Collateral Invested Percentage of Reallocated FC&A [Section 4.11(b-1)] 1,656,104.43
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii)] 1,105,648.60
From Excess Reallocated FC&A to Fund Collateral Investor Default Amount [Se 501,798.10
Total Available for Collateral Invested Percentage Allocations 1,052,253.93
Collateral Monthly Interest (Paid) 550,455.83
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid) 0.00
Reimbursement of Collateral Default Amount (Paid) 501,798.10
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)] 4,068,145.90
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 575,968.88
Excess Collateral Interest Reallocated FC&A [Section 4.11(b-1)(ii)] 1,105,648.60
Total 5,749,763.38
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)] 0.00
Allocated to reimburse Class A Investor Charge-Offs [Section 4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.13(d)] 250,899.05
Allocated to reimburse Class B Invested Amount reductions [Section 4.13 0.00
Allocated to unpaid Allocated Servicing Fee from previous periods [Sect 0.00
Allocated to fund the Collateral Default Amount [Section 4.13(g)] 501,798.10
Allocated to reimburse Collateral Invested Amount reductions [Section 4 0.00
Allocated to the Cash Collateral Account [Section 4.13(i)] 0.00
Allocated pursuant to the Collateral Agreement [Section 4.13(j)] 4,997,066.23
Subordinated Principal Collections [Section 4.15] 38,003,963.41
Allocated to Class A Required Amount [Section 4.15(a)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test] Not Triggered
Other Amortization Events Not Triggered
Transaction Period REVOLVING
Principal Allocation Percentage N/A
Principal Allocation Percentage Numerator N/A
Available Investor Principal Collections
Investor Principal Collections 232,539,963.36
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1994-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collections] 0.00
Available Investor Principal Collections 232,539,963.36
Collateral Principal Collections 25,837,773.71
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.09(a)] 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 232,539,963.36
Class B Monthly Principal (Due) [Section 4.09(b)] 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 4.09(c)] 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1994-1 Principal Shortfall 0.00
Trust Excess Principal Collections 258,377,737.07
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 4,076,791.25
from Principal Funding Account N/A
Paid to Class A Certificateholders 4,076,791.25
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 252,083.33
from Principal Funding Account N/A
Paid to Class B Certificateholders 252,083.33
Principal Funding Account Balance 0.00
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Offs 0.00
Cumulative Unreimbursed Class A Investor Charge-Offs 0.00
Reduction of Class B Invested Amount (Other than Class B ICO) 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Offs 0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions 0.00
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested Amount 100,000,000.00
Current Month's ending Collateral Invested Amount 100,000,000.00
Reimbursement of Collateral Invested Amount reductions 0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing Fee 0.00
Cumulative unreimbursed unpaid Allocated Serving Fee (0.00)
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,465,154,399.55
Average Principal outstanding based upon additional accounts 6,465,154,399.55
Principal Receivables outstanding [End of Month] 6,714,768,078.71
Finance Charge and Administrative Receivables outstanding 88,788,844.59
Class A Invested Amount 850,000,000.00
Class B Invested Amount 50,000,000.00
Collateral Invested Amount 100,000,000.00
Series Adjusted Invested Amount 1,000,000,000.00
Series Required Sellers Amount 70,000,000.00
Required Collateral Amount 100,000,000.00
Available Collateral Amount 100,000,000.00
Class A Certificate Balance 850,000,000.00
Class B Certificate Balance 50,000,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance 0.00
Deposit of Excess Collections 0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount 0.00
To reimburse Class A Investor Charge-Offs 0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount 0.00
To fund the Class B Investor Default Amount 0.00
To reimburse Class B Invested Amount reductions 0.00
Total 0.00
Deposit of Collateral Monthly Principal 0.00
Net Available 0.00
Required Cash Collateral Amount 0.00
Collateral Surplus 0.00
Cash Collateral Account Surplus 0.00
End Balance 0.00
Collateral Surplus (Prime) 0.00
Cash Collateral Account Surplus (Prime) 0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest 550,455.83
Excess 4,997,066.23
Earnings on Cash Collateral Account 22,685.80
Earnings on Spread, Principal Retention, and Non-Principal Rete 0.00
Non-Principal Retention Act 0.00
Available Non-Principal Funds 5,570,207.86
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 511,058.04
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section 2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)] 511,058.04
Payment of CA Investor Charge-offs [CA Section 2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section 2.10(a)(i 0.00
Payment to reduce CA Investor Princ. Bal. to Target Amount, pursu 0.00
Deposit to Non-Principal Retention Account [CA Section 2.10 (a) ( 0.00
Allocated to cover the Spread Account Deficiency [CA Section 2.10 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 5,059,149.82
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA Section 2.10( 0.00
Payment cover remaining CA Investor Charge-offs [CA Section 2.10( 0.00
Payment cover deficiencies of Non-Principal Applications, pursuant to CA Section 2
Payment of unpaid Interest 0.00
Payment of unpaid CA Investor Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account (during early am only) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest 0.00
Payment of CA Investor Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pu 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 0.00
Current Excess Spread 5,059,149.82
Monthly Excess Spread Percentage 6.07%
Bi-Monthly Excess Spread Percentage 5.32%
Quarterly Excess Spread Percentage 5.77%
Semi-Annual Excess Spread Percentage 5.26%
CA Investor Interest
CA Investor Target Invested Amount 95,000,000.00
CA Investor Principal Balance 95,000,000.00
CA Investor Invested Amount 95,000,000.00
CA Investor Charge-offs 0.00
CA Investor Percentage (after dist. this month) 95.00%
CA Residual Interest (after dist. this month) 5,000,000.00
CA Residual Invested Amount (after dist. this month) 5,000,000.00
CA Residual Target 0.00
Spread Account
Overall Spread Account Cap 5,000,000.00
Payment rate Spread Account Cap 0.00
Monthly Spread Account Cap 0.00
Bi-Monthly Spread Account Cap 5,000,000.00
Quarterly Excess Spread Cap 5,000,000.00
Semi-Annual Excess Spread Cap 5,000,000.00
Spread Account Withdrawls 0.00
Spread Account Deposits 0.00
Spread Account Amount 5,000,000.00
Spread Account Deficiency 0.00
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance 95,000,000.00
Current CA Investor Target Invested Amount 95,000,000.00
Current CA Investor Commitment Amount 0.00
CA Investor Commitment Fee Rate 0.400%
CA Investor Commitment Fee 0.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1994-1 15-Jan-97
********************************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.796225
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.796225
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.605470%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.755470%
2. Beginning Invested Amount 850,000,000.00
3. Days in the Interest Period 30
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of Finance Charge & Administrative Receivables 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class A Invested Percentage 85.000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class A Investor Default Amount 4,265,283.82
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 1,666,666.67
8. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class A Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 50,000,000.00
2. Available Collateral Invested Amount as of the end of the Payment Dat 100,000,000.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1994-1 15-Jan-97
15-Jan-97
********************************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.041667
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 5.041667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 6.050000%
2. Beginning Class B Invested Amount 50,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of FC&A 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class B Investor Default Amount 250,899.05
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any,
for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00
8. Available Collateral Invested Amount 100,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1994-2 15-Jan-97
********************************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 26.601%
Annualized Gross Cash Yield 19.933%
Annualized Default Rate 6.022%
Annualized Portfolio Yield 13.911%
Delinquency status of accounts:
5 - 29 days ($) 263,002,397.32
5 - 29 days (%) (Gross/Gross) 3.87%
30 - 59 days($) 85,140,406.96
30 - 59 days (%) (Gross/Gross) 1.25%
60+ days ($) 180,577,588.46
60+ days (%) (Gross/Gross) 2.65%
Total ($) 528,720,392.74
Total (%) (Gross/Gross) 7.77%
Collections
Principal 1,638,009,941.81
Finance Charge 71,541,216.37
Fees 10,251,353.77
Allocated Interchange 25,187,499.71
Allocated Recoveries 411,245.05
Total 1,745,401,256.71
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 33,732,239.81
Principal Recoveries 1,290,218.07
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 32,442,021.74
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 17,492,124.12
Investor Defaulted Amount 5,017,980.97
Series Adjusted Portfolio Yield 14.969%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage 87.0000000%
Fixed Class A Invested Percentage 87.0000000%
Class A Monthly Interest (Due) [Section 4.08(a)] 5,075,000.00
Overdue Class A Monthly Interest (Due) [Section 4.08(a)] 0.00
Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Class A Investor Default Amount 4,365,643.44
Allocable Servicing Fee (Due) [Section 3] 1,666,666.67
Previously unpaid Allocable Servicing Fee 0.01
Class A Required Amount [Section 4.10 (a)] 0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section 4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)] 0.00
From Subordinated Principal Collections [Section 4.15(a)] 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)] 15,218,147.98
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 4,110,837.86
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee 0.00
Total Available for Class A Invested Percentage Allocations 11,107,310.12
Class A Monthly Interest (Paid) 5,075,000.00
Overdue Class A Monthly Interest (Paid) 0.00
Class A Additional Interest (Paid) 0.00
Overdue Class A Additional Interest (Paid) 0.00
Reimb. of Class A Investor Default Amount (Paid) 4,365,643.44
Allocable Servicing Fee (Paid) 1,666,666.67
Previously unpaid Allocable Servicing Fee (Paid) 0.01
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage 4.0000000%
Fixed Class B Invested Percentage 4.0000000%
Class B Monthly Interest (Due) [Section 4.08(b)] 240,000.00
Overdue Class B Monthly Interest (Due) [Section 4.08(b)] 0.00
Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Class B Investor Default Amount 200,719.24
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest 0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)] 0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 200,719.24
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 200,719.24
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 699,684.96
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 459,684.96
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest: 0.00
Funded Class B Default Amount 200,719.24
Total Available for Class B Floating Allocations 440,719.24
Class B Monthly Interest (Paid) 240,000.00
Overdue Class B Monthly Interest (Paid) 0.00
Class B Additional Interest (Paid) 0.00
Overdue Class B Additional Interest (Paid) 0.00
Reimbursement Class B Investor Default Amount (Paid) 200,719.24
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 495,410.25
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)] 0.00
Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Collateral Investor Default Amount 451,618.29
Collateral Invested Percentage of Reallocated FC&A 1,574,291.17
Amount that constitutes Excess FC&A [Section 2 def of Excess FC&A] 1,574,291.17
Collateral Monthly Interest (Paid) 495,410.25
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid) 0.00
Reimbursement of Collateral Default Amount (Paid) 451,618.29
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)] 4,110,837.86
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 459,684.96
Excess from Collateral Interest Reallocated FC&A [Section 2 def] 1,574,291.17
Total 6,144,813.99
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)] 0.00
Allocated to reimburse Class A Investor Charge-Offs [Section 4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.13(d)] 200,719.24
Allocated to reimburse Class B Invested Amount reductions [Section 4.13 0.00
Allocated to pay current or overdue Collateral Monthly Interest,
and Collateral Additional Interest [Section 4.13 (f)] 495,410.25
Allocated to unpaid Allocated Servicing Fee from previous periods [Sect 0.00
Allocated to fund the Collateral Default Amount [Section 4.13(h)] 451,618.29
Allocated to reimburse Collateral Invested Amount reductions [Section 4 0.00
Allocated to the Cash Collateral Account [Section 4.13(j)] 0.00
Allocated pursuant to the Collateral Agreement [Section 4.13(k)] 4,997,066.21
Subordinated Principal Collections [Section 4.15] 32,936,768.29
Allocated to Class A Required Amount [Section 4.15(a)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test] Not Triggered
Other Amortization Events Not Triggered
Transaction Period REVOLVING
Principal Allocation Percentage N/A
Principal Allocation Percentage Numerator N/A
Available Investor Principal Collections
Investor Principal Collections 235,123,740.73
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1994-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collections] 0.00
Available Investor Principal Collections 235,123,740.73
Collateral Principal Collections 23,253,996.34
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.09(a)] 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 235,123,740.73
Class B Monthly Principal (Due) [Section 4.09(b)] 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 4.09(c)] 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1994-2 Principal Shortfall 0.00
Trust Excess Principal Collections 258,377,737.07
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 5,075,000.00
from Principal Funding Account N/A
Paid to Class A Certificateholders 5,075,000.00
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 240,000.00
from Principal Funding Account N/A
Paid to Class B Certificateholders 240,000.00
Principal Funding Account Balance 0.00
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Offs 0.00
Cumulative Unreimbursed Class A Investor Charge-Offs 0.00
Reduction of Class B Invested Amount (Other than Class B ICO) 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Offs 0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions 0.00
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested Amount 90,000,000.00
Current Month's ending Collateral Invested Amount 90,000,000.00
Reimbursement of Collateral Invested Amount reductions 0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing Fee 0.00
Cumulative unreimbursed unpaid Allocated Serving Fee 0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,465,154,399.55
Average Principal outstanding based upon additional accounts 6,465,154,399.55
Principal Receivables outstanding [End of Month] 6,714,768,078.71
Finance Charge and Administrative Receivables outstanding 88,788,844.59
Class A Invested Amount 870,000,000.00
Class B Invested Amount 40,000,000.00
Collateral Invested Amount 90,000,000.00
Series Adjusted Invested Amount 1,000,000,000.00
Series Required Sellers Amount 70,000,000.00
Required Collateral Amount 90,000,000.00
Available Collateral Amount 90,000,000.00
Class A Certificate Balance 870,000,000.00
Class B Certificate Balance 40,000,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance 0.00
Deposit of Excess Collections 0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount 0.00
To reimburse Class A Investor Charge-Offs 0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount 0.00
To fund the Class B Investor Default Amount 0.00
To reimburse Class B Invested Amount reductions 0.00
Total 0.00
Deposit of Collateral Monthly Principal 0.00
Net Available 0.00
Required Cash Collateral Amount 0.00
Collateral Surplus 0.00
Cash Collateral Account Surplus 0.00
End Balance 0.00
Collateral Surplus (Prime) 0.00
Cash Collateral Account Surplus (Prime) 0.00
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest 495,410.25
Excess 4,997,066.21
Earnings on Cash Collateral Account 0.00
Earnings on Spread, Principal Retention, and Non-Principal Rete 39,987.37
Non-Principal Retention Act 0.00
Volatility Account Funds 0.00
Available Non-Principal Funds plus Volatility Account Funds 5,532,463.83
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 456,074.14
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section 2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)] 456,074.14
Payment of CA Investor Charge-offs [CA Section 2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section 2.10(a)(i 0.00
Payment to reduce CA Investor Princ. Bal. to Target Amount, pursu 0.00
Deposit to Non-Principal Retention Account [CA Section 2.10 (a) ( 0.00
Allocated to cover the Spread Account Deficiency [CA Section 2.10 0.00
Deposit to Volatility Account [CA Section 2.10 (a) (vi)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 5,076,389.69
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA Section 2.10( 0.00
Payment cover remaining CA Investor Charge-offs [CA Section 2.10( 0.00
Payment cover deficiencies of Non-Principal Applications, pursuant to CA Section 2
Payment of unpaid Interest 0.00
Payment of unpaid CA Investor Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account (during early am only) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest 0.00
Payment of CA Investor Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pu 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 5,000,000.00
Current Excess Spread 5,076,389.69
Monthly Excess Spread Percentage 6.09%
Volatility Event NO
Bi-Monthly Excess Spread Percentage 5.33%
Quarterly Excess Spread Percentage 5.79%
Bi-Annual Excess Spread Percentage 5.30%
CA Investor Interest 0.00
CA Investor Target Invested Amount 90,000,000.00
CA Investor Principal Balance 90,000,000.00
CA Investor Invested Amount 90,000,000.00
CA Investor Charge-offs 0.00%
CA Residual Interest (after dist. this month) 0.00
CA Residual Invested Amount (after dist. this month) 0.00
CA Residual Target 0.00
Spread Account
Overall Spread Account Cap 0.00
Quarterly Excess Spread Cap 0.00
Bi-Annual Excess Spread Cap 0.00
Reserved 0.00
Reserved 0.00
Spread Account Withdrawls 5,000,000.00
Spread Account Deposits 0.00
Spread Account Amount 0.00
Spread Account Deficiency 0.00
Volatility Account Amount 3,813,304.38
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance 90,000,000.00
Current CA Investor Target Invested Amount 90,000,000.00
Current CA Investor Commitment Amount 0.00
CA Investor Commitment Fee Rate 0.25%
CA Investor Commitment Fee 0.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation 01-Dec-96
Household Affinity Credit Card Master Trust I, Series 1994-2 15-Jan-97
********************************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.833333
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 5.833333
B. Calculation of Class A Interest
1. Class A Certificate Coupon 7.0000000%
2. Beginning Invested Amount 870,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of Finance Charge & Administrative Receivables 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class A Investor Default Amount 4,365,643.44
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 1,666,666.67
8. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class A Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 40,000,000.00
2. Available Collateral Invested Amount as of the end of the Payment Dat 90,000,000.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1994-2 Jan-97
15-Jan-97
********************************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 6.000000
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 6.000000
B. Calculation of Class B Interest
1. Class B Certificate Coupon 7.2000000%
2. Beginning Class B Invested Amount 40,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of FC&A 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class B Invested Percentage 4.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class B Investor Default Amount 200,719.24
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any,
for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 90,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1995-1 15-Jan-97
****************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 26.601%
Annualized Gross Cash Yield 19.933%
Annualized Default Rate 6.022%
Annualized Portfolio Yield 13.911%
Delinquency status of accounts:
5 - 29 days ($) 263,002,397.32
5 - 29 days (%) (Gross/Gross) 3.87%
30 - 59 days($) 85,140,406.96
30 - 59 days (%) (Gross/Gross) 1.25%
60+ days ($) 180,577,588.46
60+ days (%) (Gross/Gross) 2.65%
Total ($) 528,720,392.74
Total (%) (Gross/Gross) 7.77%
Collections
Principal 1,638,009,941.81
Finance Charge 71,541,216.37
Fees 10,251,353.77
Allocated Interchange 25,187,499.71
Allocated Recoveries 411,245.05
Total 1,745,401,256.71
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Defaulted Receivables 33,732,239.81
Principal Recoveries 1,290,218.07
Defaulted Receivables Repurchased Pursuant to Article 2.07 0.00
Defaulted Receivables Repurchased Pursuant to Article 3.03 0.00
Defaulted Amount 32,442,021.74
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Collections 9,963,903.92
Investor Defaulted Amount 3,010,788.58
Series Adjusted Portfolio Yield 13.906%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage 87.0000000%
Fixed Class A Invested Percentage 87.0000000%
Class A Monthly Interest (Due) [Section 4.08(a)] 2,503,629.45
Overdue Class A Monthly Interest (Due) [Section 4.08(a)] 0.00
Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Overdue Class A Additional Interest (Due) [Section 4.08(a)] 0.00
Class A Investor Default Amount 2,619,386.06
Allocable Servicing Fee (Due) [Section 3] 1,000,000.00
Previously unpaid Allocable Servicing Fee 0.00
Class A Required Amount [Section 4.10 (a)] 0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req. Amount [Section 4.13(a)] 0.00
From Cash Collateral Account Withdrawls [Section 4.14(b)] 0.00
From Subordinated Principal Collections [Section 4.15(a)] 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4.11(a)] 8,668,596.41
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,545,580.90
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocated Servicing Fee 0.00
Total Available for Class A Invested Percentage Allocations 6,123,015.51
Class A Monthly Interest (Paid) 2,503,629.45
Overdue Class A Monthly Interest (Paid) 0.00
Class A Additional Interest (Paid) 0.00
Overdue Class A Additional Interest (Paid) 0.00
Reimb. of Class A Investor Default Amount (Paid) 2,619,386.06
Allocable Servicing Fee (Paid) 1,000,000.00
Previously unpaid Allocable Servicing Fee (Paid) 0.00
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations ***
Class B Invested Percentage 4.0000000%
Fixed Class B Invested Percentage 4.0000000%
Class B Monthly Interest (Due) [Section 4.08(b)] 154,000.00
Overdue Class B Monthly Interest (Due) [Section 4.08(b)] 0.00
Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Overdue Class B Additional Interest (Due) [Section 4.08(b)] 0.00
Class B Investor Default Amount 120,431.54
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest 0.00
Funding of Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest:
From Excess Reallocated FC&A [Section 4.13(c)] 0.00
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 120,431.54
From Cash Collateral Account Withdrawl [Section 4.14(b)] 0.00
From Subordinated Principal Collections allocable to the Collateral In 0.00
Total Funded 120,431.54
Class B Invested Percentage of Reallocated FC&A [Section 4.11(b)] 398,556.16
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 244,556.16
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess Interest: 0.00
Funded Class B Default Amount 120,431.54
Total Available for Class B Floating Allocations 274,431.54
Class B Monthly Interest (Paid) 154,000.00
Overdue Class B Monthly Interest (Paid) 0.00
Class B Additional Interest (Paid) 0.00
Overdue Class B Additional Interest (Paid) 0.00
Reimbursement Class B Investor Default Amount (Paid) 120,431.54
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 297,246.15
Overdue Collateral Monthly Interest (Due) [Section 4.08(c)] 0.00
Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Overdue Collateral Additional Interest (Due) [Section 4.08(c)] 0.00
Collateral Investor Default Amount 270,970.97
Collateral Invested Percentage of Reallocated FC&A 896,751.35
Amount that constitutes Excess FC&A [Section 2 def of Excess FC&A] 896,751.35
Collateral Monthly Interest (Paid) 297,246.15
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid) 0.00
Reimbursement of Collateral Default Amount (Paid) 270,970.97
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv)] 2,545,580.90
Excess Class B Reallocated FC&A [Section 4.11(b)(ii)] 244,556.16
Excess from Collateral Interest Reallocated FC&A [Section 2 def] 896,751.35
Total 3,686,888.41
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)] 0.00
Allocated to reimburse Class A Investor Charge-Offs [Section 4.13(b)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.13(c)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.13(d)] 120,431.54
Allocated to reimburse Class B Invested Amount reductions [Section 4.13 0.00
Allocated to pay current or overdue Collateral Monthly Interest,
and Collateral Additional Interest [Section 4.13 (f)] 297,246.15
Allocated to unpaid Allocated Servicing Fee from previous periods [Sect 0.00
Allocated to fund the Collateral Default Amount [Section 4.13(h)] 270,970.97
Allocated to reimburse Collateral Invested Amount reductions [Section 4 0.00
Allocated to the Cash Collateral Account [Section 4.13(j)] 0.00
Allocated pursuant to the Collateral Agreement [Section 4.13(k)] 2,998,239.75
Subordinated Principal Collections [Section 4.15] 19,762,060.98
Allocated to Class A Required Amount [Section 4.15(a)] 0.00
Allocated to pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount [Section 4.15(b)] 0.00
Allocated to fund the Class B Investor Default Amount [Section 4.15(c)] 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Test] Not Triggered
Other Amortization Events Not Triggered
Transaction Period REVOLVING
Principal Allocation Percentage N/A
Principal Allocation Percentage Numerator N/A
Available Investor Principal Collections
Investor Principal Collections 141,074,244.43
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1995-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collections] 0.00
Available Investor Principal Collections 141,074,244.43
Collateral Principal Collections 13,952,397.80
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.09(a)] 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 141,074,244.43
Class B Monthly Principal (Due) [Section 4.09(b)] 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 4.09(c)] 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1995-1 Principal Shortfall 0.00
Trust Excess Principal Collections 155,026,642.23
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 2,503,629.45
from Principal Funding Account N/A
Paid to Class A Certificateholders 2,503,629.45
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 154,000.00
from Principal Funding Account N/A
Paid to Class B Certificateholders 154,000.00
Principal Funding Account Balance 0.00
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Offs 0.00
Cumulative Unreimbursed Class A Investor Charge-Offs 0.00
Reduction of Class B Invested Amount (Other than Class B ICO) 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Offs 0.00
Cumulative Unreimbursed Class B Investor Charge-Offs and Reductions 0.00
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested Amount 54,000,000.00
Current Month's ending Collateral Invested Amount 54,000,000.00
Reimbursement of Collateral Invested Amount reductions 0.00
Cumulative Unreimbursed Collateral Invested Amount Reductions 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing Fee 0.00
Cumulative unreimbursed unpaid Allocated Serving Fee 0.00
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Month] 6,465,154,399.55
Average Principal outstanding based upon additional accounts 6,465,154,399.55
Principal Receivables outstanding [End of Month] 6,714,768,078.71
Finance Charge and Administrative Receivables outstanding 88,788,844.59
Class A Invested Amount 522,000,000.00
Class B Invested Amount 24,000,000.00
Collateral Invested Amount 54,000,000.00
Series Adjusted Invested Amount 600,000,000.00
Series Required Sellers Amount 42,000,000.00
Required Collateral Amount 54,000,000.00
Available Collateral Amount 54,000,000.00
Class A Certificate Balance 522,000,000.00
Class B Certificate Balance 24,000,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance 0.00
Deposit of Excess Collections 0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount 0.00
To reimburse Class A Investor Charge-Offs 0.00
To pay current or overdue Class B Monthly
Interest, Class B Additional Interest or the Cumulative
Excess Interest Amount 0.00
To fund the Class B Investor Default Amount 0.00
To reimburse Class B Invested Amount reductions 0.00
Total 0.00
Deposit of Collateral Monthly Principal 0.00
Net Available 0.00
Required Cash Collateral Amount 0.00
Collateral Surplus 0.00
Cash Collateral Account Surplus 0.00
End Balance 0.00
Collateral Surplus (Prime) (0.00)
Cash Collateral Account Surplus (Prime) (0.00)
*** Application of Funds Pursuant to the Collateral Agreement ***
Available Funds
Collateral Interest 297,246.15
Excess 2,998,239.75
Earnings on Cash Collateral Account 0.00
Earnings on Spread,Volatility, Principal Retention and Non-Prin 24,017.33
Non-Principal Retention Account 0.00
Volatitility Account Funds 0.00
Available Non-Principal Funds plus Volatility Account Funds 3,319,503.23
Available Principal Funds 0.00
Interest Due on the CA Investor Principal Balance 268,808.65
Fees, expenses and other amounts due 0.00
Application of Available Funds
Application of Available Non-Principal Funds [CA Section 2.10(a)]
Payment of Interest [CA Section 2.10(a)(i)] 268,808.65
Payment of CA Investor Charge-offs [CA Section 2.10(a)(ii)] 0.00
Payment of fees, expenses and other amounts [CA Section 2.10(a)(i 0.00
Payment to reduce CA Investor Princ. Bal. to Target Amount, pursu 0.00
Deposit to Non-Principal Retention Account [CA Section 2.10 (a) ( 0.00
Allocated to cover the Spread Account Deficiency [CA Section 2.10 0.00
Deposit to Volatility Account [CA Section 2.10 (a) (vi)] 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 3,050,694.58
Application of Available Principal Funds [CA Section 2.10(b)]
Payment to reduce CA Investor Principal Balance [CA Section 2.10( 0.00
Payment cover remaining CA Investor Charge-offs [CA Section 2.10( 0.00
Payment cover deficiencies of Non-Principal Applications, pursuant to CA Section 2
Payment of unpaid Interest 0.00
Payment of unpaid CA Investor Charge-offs 0.00
Payment of unpaid fees, expenses and other amounts 0.00
Deposit to the Principal Retention Account (during early am only) 0.00
Remaining Funds to be Paid to HAFC (CA Residual Interest Holder) 0.00
Withdrawls from the Spread Account, pursuant to Section 2.11(b)
Payment of Interest 0.00
Payment of CA Investor Charge-offs 0.00
Payment of fees, expenses and other amounts 0.00
Payment to reduce CA Investor Princ. Balance to Target Amount, pu 0.00
Excess of Spread Amount over Spread Cap to CA Residual Interest 3,000,000.00
Current Excess Spread 3,050,694.58
Monthly Excess Spread Percentage 6.10%
Volatility Event NO
Bi-Monthly Excess Spread Percentage 5.34%
Quarterly Excess Spread Percentage 5.80%
Bi-Annual Excess Spread Percentage
CA Investor Interest 0.00
CA Investor Target Invested Amount 54,000,000.00
CA Investor Principal Balance 54,000,000.00
CA Investor Invested Amount 54,000,000.00
CA Investor Charge-offs 0.00%
CA Investor Percentage (after dist. this month) 100.00%
CA Residual Interest (after dist. this month) 0.00
CA Residual Invested Amount (after dist. this month) 0.00
CA Residual Target 0.00
Spread Account
Overall Spread Account Cap 0.00
Quarterly Excess Spread Cap 0.00
Bi-Annual Excess Spread Cap 0.00
Reserved 0.00
Reserved 0.00
N/A
Spread Account Withdrawls 3,000,000.00
Spread Account Deposits 0.00
Spread Account Amount 0.00
Spread Account Deficiency 0.00
Volatility Account Amount 2,293,472.21
Principal Retention Account 0.00
Non-Principal Retention Account 0.00
Calculation of Collateral Agreement Commitment Fee
Current CA Investor Principal Balance 54,000,000.00
Current CA Investor Target Invested Amount 54,000,000.00
Current CA Investor Commitment Amount 0.00
CA Investor Commitment Fee Rate
CA Investor Commitment Fee 0.00
********************************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation 01-Dec-96
Household Affinity Credit Card Master Trust I, Series 1995-1 15-Jan-97
********************************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.796225
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 4.796225
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.605470%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.755470%
2. Beginning Invested Amount 522,000,000.00
3. Days in the Interest Period 30
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of Finance Charge & Administrative Receivables 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class A Invested Percentage 87.000000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class A Investor Default Amount 2,619,386.06
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A
Investor Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 1,000,000.00
8. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class A Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 24,000,000.00
2. Available Collateral Invested Amount as of the end of the Payment Dat 54,000,000.00
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Household Finance Corporation
Household Affinity Funding Corporation Dec-96
Household Affinity Credit Card Master Trust I, Series 1995-1 15-Jan-97
********************************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 6.416667
2. Principal distribution per $1,000 interest 0.000000
3. Interest distribution per $1,000 interest 6.416667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 7.700000%
2. Beginning Class B Invested Amount 24,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,745,401,256.71
(b) Collections of FC&A 107,391,314.90
(c) Collections of Principal 1,638,009,941.81
2. Allocation of Receivables
(a) Class B Invested Percentage 4.000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 263,002,397.32
(%) (Gross/Gross) 3.87%
(b) 30 - 59 days-- ($) 85,140,406.96
(%) (Gross/Gross) 1.25%
(c) 60+ days -- ($) 180,577,588.46
(%) (Gross/Gross) 2.65%
5. Class B Investor Default Amount 120,431.54
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any,
for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other reductions 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00
8. Available Collateral Invested Amount 54,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances 0.00
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,714,768,078.71
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 88,788,844.59
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