FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: July 15, 1997
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST I
---------------------------------------------
(Exact name of registrant as specified in Department of
the Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
-----------------------------
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
Delaware 0-23942 Not Applicable
- --------------------------------------------------------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation of Number of
of Master Servicer) Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
- --------------------------------------------------------------
(Address of principal executive offices of (Zip Code)
Master Servicer)
Servicer's telephone number, including area code 847/564-5000
------------
Exhibit Index appears on page 4
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
--------
99(a) Statement to Certificateholders with respect to the distribution on
July 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
July 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
July 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
July 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
July 15, 1997 provided under Section 6 of the Series 1994-2
Supplement dated as of September 1, 1994 to the Amended and
Restated Pooling and Servicing Agreement, with respect to Class A
and Class B Credit Card Participation Certificates, Series 1994-2.
-2-
<PAGE>
99(f) Statement to Certificateholders with respect to the distribution on
July 15, 1997 provided under Section 6 of the Series 1995-1
Supplement dated as of April 3, 1995 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1995-1.
99(g) Statement to Certificateholders with respect to the distribution on
July 15, 1997 provided under Section 6 of the Series 1997-1
Supplement dated as of March 1, 1997 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1997-1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Servicer has duly caused this report to be signed on behalf of the Class A
and Class B Credit Card Participation Certificates, Series 1993-1, the Class
A and Class B Credit Card Participation Certificates, Series 1993-2, the
Class A and Class B Credit Card Participation Certificates, Series 1993-3,
the Class A and Class B Credit Card Participation Certificates, Series 1994-
1, the Class A and Class B Credit Card Participation Certificates, Series
1994-2, the Class A and Class B Credit Card Participation Certificates,
Series 1995-1, and the Class A and Class B Credit Card Participation
Certificates, Series 1997-1 by the undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
HOUSEHOLD AFFINITY CREDIT CARD
MASTER TRUST I
----------------------------
(Registrant)
By: /s/ J. W. Blenke
----------------------------
Dated: July 28, 1997 J. W. Blenke
------------- Authorized Representative
-3-<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
- ------ ------- ----
6
99(a) Statement to Certificateholders with respect to the
distribution on July 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 July 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 July 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 July 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 July 15, 1997 provided under Section 6 of
the Series 1994-2 Supplement dated as of September 1,
1994 to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1994-2.
- 4 -<PAGE>
67
99(f) Statement to Certificateholders with respect to the
distribution on July 15, 1997 provided under Section 6 of
the Series 1995-1 Supplement dated as of April 3, 1995 to
the Amended and Restated Pooling and Servicing Agreement,
with respect to Class A and Class B Credit Card
Participation Certificates, Series 1995-1.
80
99(g) Statement to Certificateholders with respect to the
distribution on July 15, 1997 provided under Section 6 of
the Series 1997-1 Supplement dated as of March 1, 1997 to
the Amended and Restated Pooling and Servicing Agreement,
with respect to Class A and Class B Credit Card
Participation Certificates, Series 1997-1.
-5-
******************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jun-97
Household Affinity Credit Card Master Trust I, Series 1993-1 15-Jul-97
******************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.983%
Annualized Gross Cash Yield (excluding principal recove 18.646%
Annualized Net Default Rate 7.318%
Annualized Portfolio Yield 11.328%
Delinquency status of accounts:
5 - 29 days ($) 214,477,206.03
5 - 29 days (%) (Gross/Gross) 3.55%
30 - 59 days($) 82,135,092.98
30 - 59 days (%) (Gross/Gross) 1.36%
60+ days ($) 173,656,560.29
60+ days (%) (Gross/Gross) 2.87%
Total ($) 470,268,859.30
Total (%) (Gross/Gross) 7.78%
Collections
Principal 1,447,565,307.84
Finance Charge 65,753,815.69
Fees 10,137,196.92
Allocated Interchange 18,441,543.18
Other Recoveries 418,162.40
Principal Recoveries 1,417,318.17
Total 1,543,733,344.20
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Gross Principal Defaults 38,603,959.40
Principal Recoveries
Defaulted Receivables Repurchased Pursuant to Article 2 0.00
Defaulted Receivables Repurchased Pursuant to Article 3 0.00
Net Defaulted Amount (Gross Defaults less Principal Rec 37,186,641.23
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Col 16,447,002.22
Investor Defaulted Amount (Gross) 6,703,041.88
Series Adjusted Portfolio Yield 11.043%
*** 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)] 4,268,437.50
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 5,697,561.54
Allocable Servicing Fee (Due) [Section 3] 1,764,713.33
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 [Sect 0.00
From Cash Collateral Account Withdrawls [Section 4.14 0.00
From Subordinated Principal Collections [Section 4.15 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4 13,979,892.86
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,249,180.49
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocat 0.00
Total Available for Class A Invested Percentage Allocation 11,730,712.37
Class A Monthly Interest (Paid) 4,268,437.50
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) 5,697,561.54
Allocable Servicing Fee (Paid) 1,764,713.33
Previously unpaid Allocable Servicing Fee (Paid) 0.00
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations ***
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 335,174.88
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 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( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 335,174.88
From Cash Collateral Account Withdrawl [Section 4.14( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 335,174.88
Class B Invested Percentage of Reallocated FC&A [Section 4 822,406.03
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 588,565.61
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 0.00
Funded Class B Default Amount 335,174.88
Total Available for Class B Floating Allocations 569,015.30
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) 335,174.88
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000189%
Collateral Monthly Interest (Due) [Section 4.08(c)] 570,407.90
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 0.00
Collateral Investor Default Amount 670,305.45
Collateral Invested Percentage of Reallocated FC&A [Sectio 1,644,703.33
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii) 1,074,295.43
From Excess Reallocated FC&A to Fund Collateral Investor D 670,305.45
Total Available for Collateral Invested Percentage Allocat 1,240,713.35
Collateral Monthly Interest (Paid) 570,407.90
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) 670,305.45
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) 2,249,180.49
Excess Class B Reallocated FC&A [Section 4.11(b)(ii) 588,565.61
Excess Collateral Interest Reallocated FC&A [Section 1,074,295.43
Total 3,912,041.53
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 [S 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 335,174.88
Allocated to reimburse Class B Invested Amount reducti 0.00
Allocated to unpaid Allocated Servicing Fee from previ 0.00
Allocated to fund the Collateral Default Amount [Secti 670,305.45
Allocated to reimburse Collateral Invested Amount redu 0.00
Allocated to the Cash Collateral Account [Section 4.13 0.00
Allocated pursuant to the Collateral Agreement [Sectio 2,906,561.20
Subordinated Principal Collections [Section 4.15] 37,703,346.43
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 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Te 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 232,247,355.17
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1993-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collection 0.00
Available Investor Principal Collections 232,247,355.17
Collateral Principal Collections 25,805,315.84
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 232,247,355.17
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 258,052,671.01
*** 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 4,268,437.50
from Principal Funding Account N/A
Paid to Class A Certificateholders 4,268,437.50
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 I 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 R 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 Reducti 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] 6,097,970,723.18
Average Principal outstanding based upon additional accoun6,097,970,723.18
Principal Receivables outstanding 5,951,933,164.39
Finance Charge and Administrative Receivables outstanding 91,867,871.45
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
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.742708333
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.742708333
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
a. One-month LIBOR 5.687500%
b. Spread 0.200000%
c. Class A Certificate Rate 5.887500%
2. Beginning Invested Amount 900,000,000.00
3. Number of Days in the Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of Finance Charge & Administrative R 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9996411%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class A Investor Default Amount 5,697,561.54
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 Da 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 1,764,713.33
8. Deficit Controlled Amortization Amount for such Paym 0.00
D. Class A Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment 52,945,000.00
2. Available Collateral Invested Amount as of the end o 105,883,000.00
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.416666730
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.416666730
B. Calculation of Class B Interest
1. Class B Coupon 5.3000%
2. Beginning Invested Amount 52,945,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of FC&A 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0003400%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class B Investor Default Amount 335,174.88
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Da 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 105,883,000.00
9. Deficit Controlled Amortization Amount for such Paym 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
******************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jun-97
Household Affinity Credit Card Master Trust I, Series 1993-2 15-Jul-97
******************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.983%
Annualized Gross Cash Yield (excluding principal recove 18.646%
Annualized Net Default Rate 7.318%
Annualized Portfolio Yield 11.328%
Delinquency status of accounts:
5 - 29 days ($) 214,477,206.03
5 - 29 days (%) (Gross/Gross) 3.55%
30 - 59 days($) 82,135,092.98
30 - 59 days (%) (Gross/Gross) 1.36%
60+ days ($) 173,656,560.29
60+ days (%) (Gross/Gross) 2.87%
Total ($) 470,268,859.30
Total (%) (Gross/Gross) 7.78%
Collections
Principal 1,447,565,307.84
Finance Charge 65,753,815.69
Fees 10,137,196.92
Allocated Interchange 18,441,543.18
Other Recoveries 418,162.40
Principal Recoveries 1,417,318.17
Total 1,543,733,344.20
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Gross Principal Defaults 38,603,959.40
Defaulted Receivables Repurchased Pursuant to Article 2 0.00
Defaulted Receivables Repurchased Pursuant to Article 3 0.00
Net Defaulted Amount (Gross Defaults less Principal Rec 37,186,641.23
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Col 9,113,881.78
Investor Defaulted Amount (Gross) 3,723,900.90
Series Adjusted Portfolio Yield 10.996%
*** 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 3,165,311.97
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 [Sect 0.00
From Cash Collateral Account Withdrawls [Section 4.14 0.00
From Subordinated Principal Collections [Section 4.15 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4 7,746,790.22
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 1,267,751.59
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocat 0.00
Total Available for Class A Invested Percentage Allocation 6,479,038.63
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) 3,165,311.97
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 186,196.31
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 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( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 186,196.31
From Cash Collateral Account Withdrawl [Section 4.14( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 186,196.31
Class B Invested Percentage of Reallocated FC&A [Section 4 455,697.19
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 311,088.19
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 0.00
Funded Class B Default Amount 186,196.31
Total Available for Class B Floating Allocations 330,805.31
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) 186,196.31
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000680%
Collateral Monthly Interest (Due) [Section 4.08(c)] 316,893.88
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 0.00
Collateral Investor Default Amount 372,392.62
Collateral Invested Percentage of Reallocated FC&A [Sectio 911,394.38
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii) 594,500.50
From Excess Reallocated FC&A to Fund Collateral Investor D 372,392.62
Total Available for Collateral Invested Percentage Allocat 689,286.50
Collateral Monthly Interest (Paid) 316,893.88
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) 372,392.62
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv) 1,267,751.59
Excess Class B Reallocated FC&A [Section 4.11(b)(ii) 311,088.19
Excess Collateral Interest Reallocated FC&A [Section 594,500.50
Total 2,173,340.28
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 [S 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 186,196.31
Allocated to reimburse Class B Invested Amount reducti 0.00
Allocated to unpaid Allocated Servicing Fee from previ 0.00
Allocated to fund the Collateral Default Amount [Secti 372,392.62
Allocated to reimburse Collateral Invested Amount redu 0.00
Allocated to the Cash Collateral Account [Section 4.13 0.00
Allocated pursuant to the Collateral Agreement [Sectio 1,614,751.35
Subordinated Principal Collections [Section 4.15] 20,945,881.56
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 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Te Not Triggered
Other Amortization Events Not Triggered
Transaction Period REVOLVING
Principal Allocation Percentage N/A
Principal Allocation Percentage Numerator N/A
Available Investor Principal Collections
Investor Principal Collections 129,025,848.08
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1993-2 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collection 0.00
Available Investor Principal Collections 129,025,848.08
Collateral Principal Collections 14,336,313.66
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.09(a)] 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 129,025,848.08
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 143,362,161.74
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 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 I 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 R 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 Reducti 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] 6,097,970,723.18
Average Principal outstanding based upon additional accoun6,097,970,723.18
Principal Receivables outstanding 5,951,933,164.39
Finance Charge and Administrative Receivables outstanding 91,867,871.45
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
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.666666660
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.666666660
B. Calculation of Class A Interest
1. Class A Certificate Coupon 5.6000%
2. Beginning Invested Amount 500,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of Finance Charge & Administrative R 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9998980%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class A Investor Default Amount 3,165,311.97
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 Da 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 Paym 0.00
D. Class A Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment 29,412,000.00
2. Available Collateral Invested Amount as of the end o 58,824,000.00
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.916666667
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.916666667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 5.9000%
2. Beginning Class B Invested Amount 29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of FC&A 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000340%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class B Investor Default Amount 186,196.31
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Da 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 58,824,000.00
9. Deficit Controlled Amortization Amount for such Paym 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
******************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jun-97
Household Affinity Credit Card Master Trust I, Series 1994-1 15-Jul-97
******************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.983%
Annualized Gross Cash Yield (excluding principal recove 18.646%
Annualized Net Default Rate 7.318%
Annualized Portfolio Yield 11.328%
Delinquency status of accounts:
5 - 29 days ($) 214,477,206.03
5 - 29 days (%) (Gross/Gross) 3.55%
30 - 59 days($) 82,135,092.98
30 - 59 days (%) (Gross/Gross) 1.36%
60+ days ($) 173,656,560.29
60+ days (%) (Gross/Gross) 2.87%
Total ($) 470,268,859.30
Total (%) (Gross/Gross) 7.78%
Collections
Principal 1,447,565,307.84
Finance Charge 65,753,815.69
Fees 10,137,196.92
Allocated Interchange 18,441,543.18
Other Recoveries 418,162.40
Principal Recoveries 1,417,318.17
Total 1,543,733,344.20
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Gross Principal Defaults 38,603,959.40
Principal Recoveries
Defaulted Receivables Repurchased Pursuant to Article 2 0.00
Defaulted Receivables Repurchased Pursuant to Article 3 0.00
Net Defaulted Amount (Gross Defaults less Principal Rec 37,186,641.23
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Col 15,530,229.16
Investor Defaulted Amount (Gross) 6,330,623.93
Series Adjusted Portfolio Yield 11.040%
*** Class A Invested Percentage Allocations ***
Class A Invested Percentage 85.0000000%
Fixed Class A Invested Percentage 85.0000000%
Class A Monthly Interest (Due) [Section 4.08(a)] 3,997,065.97
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 5,381,030.34
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 [Sect 0.00
From Cash Collateral Account Withdrawls [Section 4.14 0.00
From Subordinated Principal Collections [Section 4.15 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4 13,200,694.79
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,155,931.81
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocat 0.00
Total Available for Class A Invested Percentage Allocation 11,044,762.98
Class A Monthly Interest (Paid) 3,997,065.97
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) 5,381,030.34
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 316,531.20
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 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( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 316,531.20
From Cash Collateral Account Withdrawl [Section 4.14( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 316,531.20
Class B Invested Percentage of Reallocated FC&A [Section 4 776,511.46
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 524,428.13
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 0.00
Funded Class B Default Amount 316,531.20
Total Available for Class B Floating Allocations 568,614.53
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) 316,531.20
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 538,715.28
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 0.00
Collateral Investor Default Amount 633,062.39
Collateral Invested Percentage of Reallocated FC&A [Sectio 1,553,022.92
Amount that constitutes Excess FC&A [Section 4.11(b-1)(ii) 1,014,307.64
From Excess Reallocated FC&A to Fund Collateral Investor D 633,062.39
Total Available for Collateral Invested Percentage Allocat 1,171,777.67
Collateral Monthly Interest (Paid) 538,715.28
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) 633,062.39
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv) 2,155,931.81
Excess Class B Reallocated FC&A [Section 4.11(b)(ii) 524,428.13
Excess Collateral Interest Reallocated FC&A [Section 1,014,307.64
Total 3,694,667.58
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 [S 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 316,531.20
Allocated to reimburse Class B Invested Amount reducti 0.00
Allocated to unpaid Allocated Servicing Fee from previ 0.00
Allocated to fund the Collateral Default Amount [Secti 633,062.39
Allocated to reimburse Collateral Invested Amount redu 0.00
Allocated to the Cash Collateral Account [Section 4.13 0.00
Allocated pursuant to the Collateral Agreement [Sectio 2,745,073.99
Subordinated Principal Collections [Section 4.15] 35,607,713.78
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 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Te 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 219,343,844.24
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1994-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collection 0.00
Available Investor Principal Collections 219,343,844.24
Collateral Principal Collections 24,371,538.25
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 219,343,844.24
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 243,715,382.49
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 3,997,065.97
from Principal Funding Account N/A
Paid to Class A Certificateholders 3,997,065.97
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 I 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 R 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 Reducti 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] 6,097,970,723.18
Average Principal outstanding based upon additional accoun6,097,970,723.18
Principal Receivables outstanding [End of Month] 5,951,933,164.39
Finance Charge and Administrative Receivables outstanding 91,867,871.45
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
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.702430553
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.702430553
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.687500%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.837500%
2. Beginning Invested Amount 850,000,000.00
3. Days in the Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of Finance Charge & Administrative R 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class A Invested Percentage 85.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class A Investor Default Amount 5,381,030.34
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 Da 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 Paym 0.00
D. Class A Pool Factor 1.00000000
E. Receivables Balances ( as reported for 12/16/96 Distribution)
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
F. Class B Certificates (as reported for 12/16/96 Distribution)
1. Class B Invested Amount as of the end of the Payment 50,000,000.00
2. Available Collateral Invested Amount as of the end o 100,000,000.00
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.041666600
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 5.041666600
B. Calculation of Class B Interest
1. Class B Certificate Coupon 6.0500%
2. Beginning Class B Invested Amount 50,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of FC&A 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class B Investor Default Amount 316,531.20
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Da 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount (as reported fo 100,000,000.00
9. Deficit Controlled Amortization Amount for such Paym 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances (as reported for 12/16/96 Distribution)
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
******************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jun-97
Household Affinity Credit Card Master Trust I, Series 1994-2 15-Jul-97
******************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.983%
Annualized Gross Cash Yield (excluding principal recove 18.646%
Annualized Net Default Rate 7.318%
Annualized Portfolio Yield 11.328%
Delinquency status of accounts:
5 - 29 days ($) 214,477,206.03
5 - 29 days (%) (Gross/Gross) 3.55%
30 - 59 days($) 82,135,092.98
30 - 59 days (%) (Gross/Gross) 1.36%
60+ days ($) 173,656,560.29
60+ days (%) (Gross/Gross) 2.87%
Total ($) 470,268,859.30
Total (%) (Gross/Gross) 7.78%
Collections
Principal 1,447,565,307.84
Finance Charge 65,753,815.69
Fees 10,137,196.92
Allocated Interchange 18,441,543.18
Other Recoveries 418,162.40
Principal Recoveries 1,417,318.17
Total 1,543,733,344.20
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Gross Principal Defaults 38,603,959.40
Principal Recoveries
Defaulted Receivables Repurchased Pursuant to Article 2 0.00
Defaulted Receivables Repurchased Pursuant to Article 3 0.00
Net Defaulted Amount (Gross Defaults less Principal Rec 37,186,641.23
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Col 16,542,208.33
Investor Defaulted Amount (Gross) 6,330,623.93
Series Adjusted Portfolio Yield 12.254%
*** 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 5,507,642.82
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 [Sect 0.00
From Cash Collateral Account Withdrawls [Section 4.14 0.00
From Subordinated Principal Collections [Section 4.15 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4 14,391,721.25
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 2,142,411.76
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocat 0.00
Total Available for Class A Invested Percentage Allocation 12,249,309.49
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) 5,507,642.82
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 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 253,224.96
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 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( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 253,224.96
From Cash Collateral Account Withdrawl [Section 4.14( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 253,224.96
Class B Invested Percentage of Reallocated FC&A [Section 4 661,688.33
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 421,688.33
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 0.00
Funded Class B Default Amount 253,224.96
Total Available for Class B Floating Allocations 493,224.96
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) 253,224.96
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 484,843.75
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 0.00
Collateral Investor Default Amount 569,756.15
Collateral Invested Percentage of Reallocated FC&A 1,488,798.75
Amount that constitutes Excess FC&A [Section 2 def of Exce 1,488,798.75
Collateral Monthly Interest (Paid) 484,843.75
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid) 0.00
Reimbursement of Collateral Default Amount (Paid) 569,756.15
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) 2,142,411.76
Excess Class B Reallocated FC&A [Section 4.11(b)(ii) 421,688.33
Excess from Collateral Interest Reallocated FC&A [Se 1,488,798.75
Total 4,052,898.84
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 [S 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 253,224.96
Allocated to reimburse Class B Invested Amount reducti 0.00
Allocated to pay current or overdue Collateral Monthly Interest,
and Collateral Additional Interest [Section 4.13 (f 484,843.75
Allocated to unpaid Allocated Servicing Fee from previ 0.00
Allocated to fund the Collateral Default Amount [Secti 569,756.15
Allocated to reimburse Collateral Invested Amount redu 0.00
Allocated to the Cash Collateral Account [Section 4.13 0.00
Allocated pursuant to the Collateral Agreement [Sectio 2,745,073.98
Subordinated Principal Collections [Section 4.15] 30,860,018.61
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 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Te Not Triggered
Other Amortization Events Not Triggered
Transaction Period Cont. Amort.
Principal Allocation Percentage 90.5365777%
Principal Allocation Percentage Numerator 1,070,000,000.00
Available Investor Principal Collections
Investor Principal Collections 221,780,998.07
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1994-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collection 0.00
Available Investor Principal Collections 221,780,998.07
Collateral Principal Collections 21,934,384.42
Controlled Distribution Amount 145,000,000.00
Class A Monthly Principal (Due) [Section 4.09(a)] 145,000,000.00
Class A Monthly Principal (Paid) 145,000,000.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 76,780,998.07
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)] 14,340,659.34
Collateral Monthly Principal (Paid) 14,340,659.34
Series 1994-2 Principal Shortfall 0.00
Trust Excess Principal Collections 76,780,998.07
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 145,000,000.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits N/A
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 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 I 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 R 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 75,659,340.66
Reimbursement of Collateral Invested Amount reductions 0.00
Cumulative Unreimbursed Collateral Invested Amount Reducti 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] 6,097,970,723.18
Average Principal outstanding based upon additional accoun6,097,970,723.18
Principal Receivables outstanding [End of Month] 5,951,933,164.39
Finance Charge and Administrative Receivables outstanding 91,867,871.45
Class A Invested Amount 725,000,000.00
Class B Invested Amount 40,000,000.00
Collateral Invested Amount 75,659,340.66
Series Adjusted Invested Amount 1,000,000,000.00
Series Required Sellers Amount 70,000,000.00
Required Collateral Amount 75,659,340.66
Available Collateral Amount 75,659,340.66
Class A Certificate Balance 725,000,000.00
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 14,340,659.34
Net Available 14,340,659.34
Required Cash Collateral Amount 0.00
Collateral Surplus 14,340,659.34
Cash Collateral Account Surplus 14,340,659.34
End Balance 0.00
Collateral Surplus (Prime) 14,340,659.34
Cash Collateral Account Surplus (Prime) 0.00
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 172.500000000
2. Principal distribution per $1,000 interest 166.666666667
3. Interest distribution per $1,000 interest 5.833333333
B. Calculation of Class A Interest
1. Class A Certificate Coupon 7.000000%
2. Beginning Invested Amount 870,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of Finance Charge & Administrative R 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage 90.5365777%
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 145,000,000.00
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class A Investor Default Amount 5,507,642.82
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 Da 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 1,666,666.67
8. Available Collateral Invested Amount 0.00
D. Class A Pool Factor 0.83333333
E. Receivables Balances
1. Principal Receivables as of close of business on the5,951,933,164.39
of the preceding Due Period
2. Finance Charge and Administrative Receivables as of 91,867,871.45
of business on the last day of the preceding Due Period
F. Class B Certificates 40,000,000.00
1. Class B Invested Amt as of the end of the Payment Date 75,659,340.66
2. Available Collateral Invested Amt as of the end of the Payment Date
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 6.000000000
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 6.000000000
B. Calculation of Class B Interest
1. Class B Certificate Coupon 7.20000%
2. Beginning Class B Invested Amount 40,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of FC&A 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class B Invested Percentage 4.000000%
(b) Principal Allocation Percentage 90.5365777%
3. Class B Principal
(a) Total Amount Paid / Deposited to 0.00
the Principal Funding Account
(b) Total amount on deposit in Principal NA
Funding Account
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class B Investor Default Amount 253,224.96
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 $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds t
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of bus
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of busine
Payment Date 0.00%
8. Available Collateral Invested Amount 75,659,340.66
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of
of business on the last day of the preceding Due Period91,867,871.45
***************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jun-97
Household Affinity Credit Card Master Trust I, Series 1995-1 15-Jul-97
***************************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal Receivables)
Payment Rate 24.983%
Annualized Gross Cash Yield (excluding principal recove 18.646%
Annualized Net Default Rate 7.318%
Annualized Portfolio Yield 11.328%
Delinquency status of accounts:
5 - 29 days ($) 214,477,206.03
5 - 29 days (%) (Gross/Gross) 3.55%
30 - 59 days($) 82,135,092.98
30 - 59 days (%) (Gross/Gross) 1.36%
60+ days ($) 173,656,560.29
60+ days (%) (Gross/Gross) 2.87%
Total ($) 470,268,859.30
Total (%) (Gross/Gross) 7.78%
Collections
Principal 1,447,565,307.84
Finance Charge 65,753,815.69
Fees 10,137,196.92
Allocated Interchange 18,441,543.18
Other Recoveries 418,162.40
Principal Recoveries 1,417,318.17
Total 1,543,733,344.20
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Gross Principal Defaults 38,603,959.40
Principal Recoveries
Defaulted Receivables Repurchased Pursuant to Article 2 0.00
Defaulted Receivables Repurchased Pursuant to Article 3 0.00
Net Defaulted Amount (Gross Defaults less Principal Rec 37,186,641.23
*** Reallocated Investor Finance Charge and Administrative Collections ***
Reallocated Investor Finance Charge and Administrative Col 9,344,993.75
Investor Defaulted Amount (Gross) 3,798,374.36
Series Adjusted Portfolio Yield 11.093%
*** 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)] 2,454,668.75
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 3,304,585.69
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 [Sect 0.00
From Cash Collateral Account Withdrawls [Section 4.14 0.00
From Subordinated Principal Collections [Section 4.15 0.00
Total ("Funded Class A Required Amount") 0.00
Class A Invested Percentage of Reallocated FC&A [Section 4 8,130,144.56
Amount that constitutes Excess FC&A [Section 4.11(a)(iv)] 1,370,890.12
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously unpaid Allocat 0.00
Total Available for Class A Invested Percentage Allocation 6,759,254.44
Class A Monthly Interest (Paid) 2,454,668.75
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) 3,304,585.69
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 151,934.97
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 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( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4.13(d)] 151,934.97
From Cash Collateral Account Withdrawl [Section 4.14( 0.00
From Subordinated Principal Collections allocable to 0.00
Total Funded 151,934.97
Class B Invested Percentage of Reallocated FC&A [Section 4 373,799.75
Amount that constitutes Excess FC&A [Section 4.11(b)(ii)] 219,799.75
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummulative Excess In 0.00
Funded Class B Default Amount 151,934.97
Total Available for Class B Floating Allocations 305,934.97
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) 151,934.97
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4.08(c)] 290,906.25
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 0.00
Collateral Investor Default Amount 341,853.69
Collateral Invested Percentage of Reallocated FC&A 841,049.44
Amount that constitutes Excess FC&A [Section 2 def of Exce 841,049.44
Collateral Monthly Interest (Paid) 290,906.25
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) 341,853.69
Collateral Interest Shortfall 0.00
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Section 4.11(a)(iv) 1,370,890.12
Excess Class B Reallocated FC&A [Section 4.11(b)(ii) 219,799.75
Excess from Collateral Interest Reallocated FC&A [Se 841,049.44
Total 2,431,739.31
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Section 4.13(a)] 0.00
Allocated to reimburse Class A Investor Charge-Offs [S 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 151,934.97
Allocated to reimburse Class B Invested Amount reducti 0.00
Allocated to pay current or overdue Collateral Monthly Interest,
and Collateral Additional Interest [Section 4.13 (f 290,906.25
Allocated to unpaid Allocated Servicing Fee from previ 0.00
Allocated to fund the Collateral Default Amount [Secti 341,853.69
Allocated to reimburse Collateral Invested Amount redu 0.00
Allocated to the Cash Collateral Account [Section 4.13 0.00
Allocated pursuant to the Collateral Agreement [Sectio 1,647,044.40
Subordinated Principal Collections [Section 4.15] 18,516,011.17
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 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted Portfolio Yield Te 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 133,068,598.83
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1995-1 Excess Principal Collections 0.00
[Subordinated Series Reallocated Principal Collection 0.00
Available Investor Principal Collections 133,068,598.83
Collateral Principal Collections 13,160,630.65
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.09(a)] 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Principal 133,068,598.83
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 146,229,229.48
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificateholders 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificateholders 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 2,454,668.75
from Principal Funding Account N/A
Paid to Class A Certificateholders 2,454,668.75
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 I 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 R 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 Reducti 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] 6,097,970,723.18
Average Principal outstanding based upon additional accoun6,097,970,723.18
Principal Receivables outstanding [End of Month] 5,951,933,164.39
Finance Charge and Administrative Receivables outstanding 91,867,871.45
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)
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.702430556
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.702430556
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.687500%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.837500%
2. Beginning Invested Amount 522,000,000.00
3. Days in the Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of Finance Charge & Administrative R 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class A Investor Default Amount 3,304,585.69
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 Da 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 Paym 0.00
D. Class A Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment 24,000,000.00
2. Available Collateral Invested Amount as of the end o 54,000,000.00
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 6.416666667
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 6.416666667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 7.70000%
2. Beginning Class B Invested Amount 24,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of FC&A 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class B Invested Percentage 4.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class B Investor Default Amount 151,934.97
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 Da 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 Paym 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
******************************************************************************
Monthly Servicer's Certificate
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST I
Class A and Class B Certificates, Series 1997-1
The undersigned, a duly authorized representative of Household
Finance Corporation,
as Servicer (the "Servicer"), pursuant to the Amended and Restated Pooling
and Servicing Agreement,
dated as of August 1, 1993 (the "Pooling and Servicing Agreement"), by and
among Household Affinity
Funding Corporation, as Transferor, the Servicer, and The Bank of New York, as
Trustee, does hereby
certify with respect to the information set forth below as follows:
1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Pooling and Servicing Agreement.
2. Household Finance Corporation is, as of the date hereof, the Servicer
under the Pooling and Servicing Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurrin 15-Jul-97
5. Trust Information.
(a) The aggregate amount of Collections processed for the Due Period
preceding such Distribution Date was equal to ............1,543,733,344.20
(b) The aggregate amount of such Collections with respect to Principal
Receivables for the Due Period preceding such Distribution Date was
equal to .................................................1,447,565,307.84
(i) The payment rate, [ ( (b) + (c)(ii) + (c)(iii) ) / (f) ],
24.983%
(c) The aggregate amount of such Collections with respect to Finance Charge
and Administrative Receivables for the Due Period preceding
such Distribution Date was equal to ...................... 96,168,036.36
(i) The gross cash yield, [ ((ii)+(iii)+(iv)+(v)) * 12 / (f) ]
18.646%
(ii)The amount of such aggregate with respect to Finance Charg 65,753,815.69
(iiiThe amount of such aggregate with respect to Fees was equa 10,137,196.92
(iv)The amount of such aggregate with respect to Interchange w 18,441,543.18
(v) The amount of such aggregate with respect to Other Recover 418,162.40
(vi)The amount of such aggregate with respect to Principal Rec 1,417,318.17
(d) The Gross Defaulted Amount for the preceding Due Period is 38,603,959.40
(i) The annualized default rate, (d) *12 / (f), is .......... 7.60%
(ii)The annualized net default rate, [(d)-(c)(vi)] *12 / (f), 7.318%
(e) The Portfolio Yield for such Distribution Date [c(i) - d(i 11.328%
(f) The total amount of Principal Receivables in the Trust at the beginning
of the preceding Due Period is equal to ..................6,097,970,723.18
(g) The total amount of Principal Receivables as of the last day of the
immediately preceding Due Period is ......................5,951,933,164.39
(h) The average amount of Principal Receivables in the Trust during the
preceding Due Period (the sum of the amounts in clause (e) and the
amount in clause (g) divided by 2) is equal to ...........6,024,951,943.79
(i) The total amount of Finance Charge and Administrative Receivables in the
Trust as of the last day of the immediately preceding Due 91,867,871.45
(j) The aggregate outstanding gross balance of the Accounts which were one
payment (5-29 days) delinquent as of the close of business on the last
day of the calendar month preceding such Distribution Date 214,477,206.03
(k) The aggregate outstanding gross balance of the Accounts which were two
payments (30-59 days) delinquent as of the close of business on the last
day of the calendar month preceding such Distribution Date 82,135,092.98
(l) The aggregate outstanding gross bal of the Accounts which were three or
more paymts (60+ days) delinquent as of the close of business on the last
day of the calendar month preceding such Distribution Date 173,656,560.29
(m) The aggregate amount of Trust Excess Principal Collections for such
Distribution Date is......................................1,111,855,825.28
(n) The aggregate amount of Principal Shortfalls for such Dist 124,675,526.70
6. Group Two Information
(a) The Average Rate for Group Two (the weighted average Certificate Rate
reduced to take into account any payments made pursuant to interest
rate agreements, if an...) is equal to ................... 5.8703%
(b) Group Two Total Investor Collections is equal to ......... 253,155,256.77
(c) Group Two Investor Principal Collections is equal to ..... 237,384,758.56
(d) Group Two Investor Finance Charge and Administrative Colle 15,770,498.21
(e) Group Two Investor Additional Amounts is equal to ........ 0.00
(f) Group Two Investor Default Amount is equal to ............ 6,330,623.93
(g) Group Two Investor Monthly Fees is equal to .............. 1,666,666.66
(h) Group Two Investor Monthly Interest is equal to .......... 4,728,852.78
7.
(a) The Series Adjusted Portfolio Yield for the Due Period preceding such
Distribution Date was equal to ........................... 11.33%
(b) The Series 1997-1 Allocation Percentage with respect to the Due
Period preceding such Distribution Date was equal to ..... 18.11%
(c) The Floating Allocation Percentage for the Due Period preceding such
Distribution Date was equal to ........................... 90.54%
(d) The aggregate amount of Reallocated Investor Finance Charge and
Administrative Collections for the Due Period preceding
such Distribution Date is equal to ....................... 15,770,498.21
(e) The Floating Allocation Percentage of Series Allocable Finance
Charge and Administrative Collections for the Due Period preceding
such Distribution Date is equal to........................ 15,770,498.21
(f) Class A Invested Amount .................................. 870,000,000.00
(g) The Class A Invested Percentage with respect to the Due Period
preceding such Distribution Date was equal to ............ 87.00%
(h) The Class A Invested Percentage of the amount set forth in Item 7(d)
above was equal to ....................................... 13,720,333.44
(i) The amount of Class A Monthly Interest for such Distribution Date is
equal to.................................................. 4,056,072.92
(j) The amount of any Class A Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to ..... 0.00
(k) The amount of Class A Additional Interest for such Distribution Date
is equal to .............................................. 0.00
(l) The amount of any Class A Additional Interest previously due but not
distributed on a prior Distribution Date is equal to...... 0.00
(m) The Class A Investor Default Amount for such Distribution Date is
equal to ................................................. 5,507,642.82
(n) The Allocable Servicing Fee for such Distribution Date is 1,666,666.66
(o) The Class A Required Amount, if any, with respect to such
Distribution Date is equal to............................. 0.00
(p) Class B Invested Amount .................................. 47,500,000.00
(q) The Class B Invested Percentage for the Due Period preceding such
Distribution Date was equal to............................ 4.75%
(r) The Class B Invested Percentage of the amount set forth in Item 7(d)
above is equal to......................................... 749,098.66
(s) The amount of Class B Monthly Interest for such Distribution Date is
equal to.................................................. 228,339.76
(t) The amount of any Class B Monthly Interest previously due but not
distributed on a prior Distribution Date is equal to...... 0.00
(u) The amount of Class B Additional Interest for such Distribution Date
is equal to............................................... 0.00
(v) The amount of any Class B Additional Interest previously due but not
distributed on a prior Distribution Date is equal to...... 0.00
(w) Class B Investor Default Amount for such Distribution Date is equal
to........................................................ 300,704.64
(x) The Collateral Invested Percentage of the amount set forth in Item 7(d)
above is equal to......................................... 1,301,066.10
(y) The Series 1997-1 Principal Shortfall for such Distribution Date is
equal to.................................................. 0.00
(z) The Series 1997-1 Excess Principal Collections is equal to 243,715,382.49
(aa)The amount of Excess Finance Charge and Administrative Collections
with respect to such Distribution Date is equal to........ 4,311,776.04
(bb)The amount of Excess Finance Charge and Administrative Collections
referred to in Item 7(aa) will be available to be distributed on such
Distribution Date to fund or reimburse the following items:
(i) to fund the Class A Required Amount, if any, with
respect to such Distribution Date......................... 0.00
(ii)to reimburse Class A Investor Charge-Offs................. 0.00
(iiito pay current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cumulative
Excess Interest Amount ................................... 0.00
(iv)to fund the Class B Investor Default Amount with
respect to such Distribution Date......................... 300,704.64
(v) to reimburse certain previous reductions in the Class B
Invested Amount .......................................... 0.00
(vi)to pay the Collateral Monthly Interest for such Distribution
Date equal to............................................. 444,440.10
(viito pay any portion of the Allocable Servicing Fee not
paid pursuant to clause (i) above......................... 0.00
(viito fund the Collateral Investor Default Amount with
respect to such Distribution Date......................... 522,276.47
(ix)to make any required deposit in the Cash Collateral Accoun 0.00
(x) to make any required deposit to the Reserve Account [Secti 1,146,595.08
(cc)The amount of Subordinated Principal Collections with respect to such
Distribution Date is equal to............................. 30,860,018.61
(dd)The amount, if any, of Miscellaneous Payments with respect to such
Distribution Date is equal to............................. 0.00
(ee)The Principal Allocation Percentage is equal to ..........N/A
(ff)The total amount to be distributed to Class A Certificateholders on
such Distribution Date in payment of principal is equal to 0.00
(gg)The total amount to be distributed to Class B Certificateholders on
such Distribution Date in payment of principal is equal to 0.00
(hh)The amount of Class A Investor Charge-Offs for such Distribution
Date is equal to.......................................... 0.00
(ii)The total amount of reimbursements of Class A Investor Charge-Offs
for such Distribution Date is equal to.................... 0.00
(jj)The amount of Class B Investor Charge-Offs and other reductions in
the Class B Invested Amount for such Distribution Date is 0.00
(kk)The total amount of reimbursements of Class B Investor Charge-Offs
for such Distribution Date is equal to.................... 0.00
(ll)The Class A Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to............... 870,000,000.00
(mm)The Class B Invested Amount at the close of business on such
Distribution Date (after giving effect to all payments and adjustments
on such Distribution Date) will be equal to............... 47,500,000.00
(nn)The Available Collateral Amount as of the close of business on the
preceding Distribution Date (after giving effect to any withdrawal
from the Collateral Account) was equal to................. 82,500,000.00
(oo)The Required Collateral Amount as of the close of business on such
Distribution Date, after giving effect to any withdrawal from the
Collateral Account and payments to the Collateral Interest Holder on
such Distribution Date, will be equal to.................. 82,500,000.00
(pp)The ratio of the Required Collateral Amount to the Class B Invested Amount
as of the close of business on such Distribution Date, after giving effect
to any withdrawal from the Collateral Account and payments to the
Collateral Interest Holder on such Distribution Date, will 173.684%
(qq)The Cumulative Excess Interest Amount as of the close of business on
such Distribution Date, after giving effect to any payments of interest
to Class B Certificateholders on such Distribution Date, w 0.00
8. Total amt to be on deposit in the Collection Acct (after giving effect to
allocations required to be made pursuant to the terms of all other Series
now outstanding and to the payment of the Servicer's fee and funding of
investor default amounts) prior to making distributions on such
Distribution 7,773,207.61
9. The total amount to be allocated according to the terms of the Collateral
Agreement on such Distribution Date is equal to .......... 444,440.10
10. Total amount to be distributed from the Collection Account to the
Servicer in respect of the unpaid Allocable Servicing Fee for the
preceding Due Period on such Distribution Date (after taking into
consideration the amounts which have been netted with respect to this
Series against deposits to the Collection Account) is equa 0.00
11. The Class A Adjusted Invested Amount 870,000,000.00
12. The Class B Adjusted Invested Amount 47,500,000.00
13. The Controlled Accumulation Amount 0.00
14. The Controlled Deposit Amount 0.00
15. The Deficit Controlled Accumulation Amount 0.00
16. The Principal Funding Account Balance 0.00
17. The Principal Funding Investment Shortfall N/A
18. The Reserve Account Amount 12,845,000.00
19. The Reserve Account Balance 12,845,000.00
20. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations under
the Pooling and Servicing Agreement through the Due Period preceding such
Distribution Date or, if there has been a default in the performance of
any such obligation, set forth in detail the (i) nature of such default,
(ii) the action taken by the Transferor and Servicer, if any, to remedy
such default and (iii) the current status of each such default; if appl
None
21. As of the date hereof, to the best knowledge of the undersigned, no
Amortization Event has been deemed to have occurred on or prior to
such Distribution Date.
22. As of the date hereof, to the best knowledge of the undersigned, no
Lien has been placed on any of the Receivables other than pursuant to
the Pooling and Servicing Agreement (or, if there is a Lien, such Lien
consists of : ____________________________________________).
23. The amounts specified to be deposited into and withdrawn from the
Collection Account, as well as the amounts specified to be paid to the
Transferor, the Servicer, the Interest Holder and the Certificateholders
are all in accordance with the requirements of the Pooling and
Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this 11th of July, 1997.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By:
Name: Steven H. Smith
Title: Servicing Officer
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.662152782
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.662152782
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.687500%
(b) Spread 0.100000%
(c) Class A Certificate Rate 5.787500%
2. Beginning Invested Amount 870,000,000.00
3. Days in the Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of Finance Charge & Administrative R 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class A Investor Default Amount 5,507,642.82
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 Da 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Date 1,666,666.66
8. Deficit Controlled Amortization Amount for such Paym 0.00
D. Class A Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment 47,500,000.00
2. Available Collateral Invested Amount as of the end o 82,500,000.00
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.807152842
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 4.807152842
B. Calculation of Class B Interest
1. Calculation of Class B Certificate Rate
(a) One-month LIBOR 5.687500%
(b) Spread 0.280000%
(c) Class B Certificate Rate 5.967500%
2. Beginning Invested Amount 47,500,000.00
3. Days in the Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,543,733,344.20
(b) Collections of FC&A 96,168,036.36
(c) Collections of Principal 1,447,565,307.84
2. Allocation of Receivables
(a) Class B Invested Percentage 4.7500000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 214,477,206.03
(%) (Gross/Gross) 3.55%
(b) 30 - 59 days-- ($) 82,135,092.98
(%) (Gross/Gross) 1.36%
(c) 60+ days -- ($) 173,656,560.29
(%) (Gross/Gross) 2.87%
5. Class B Investor Default Amount 300,704.64
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 Da 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 82,500,000.00
9. Deficit Controlled Amortization Amount for such Paym 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 5,951,933,164.39
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Per 91,867,871.45
