SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report February 15, 1997
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST I
(Exact name of registrant as specified in Department of
the Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
Delaware 0-23942 Not Applicable
(State or other juris- (Commission File Numbers) (IRS Employer
diction of incorpora- Identification
tion of Master Servicer) Number of
Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
(Address of principal executive offices of (Zip Code)
Master Servicer)
Servicer's telephone number, including area code 847/564-5000
Exhibit Index appears on page 4
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99(a) Statement to Certificateholders with respect to the distribution on
February 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
February 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
February 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
February 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
February 15, 1997 provided under Section 6 of the Series 1994-2
Supplement dated as of September 1, 1994 to the Amended and
Restated Pooling and Servicing Agreement, with respect to Class A
and Class B Credit Card Participation Certificates, Series 1994-2.
-2-
99(f) Statement to Certificateholders with respect to the distribution on
February 15, 1997 provided under Section 6 of the Series 1995-1
Supplement dated as of April 3, 1995 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1995-1.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Servicer has duly caused this report to be signed on behalf of the Class A
and Class B Credit Card Participation Certificates, Series 1993-1, the Class
A and Class B Credit Card Participation Certificates, Series 1993-2, the
Class A and Class B Credit Card Participation Certificates, Series 1993-3,
the Class A and Class B Credit Card Participation Certificates, Series 1994-
1, the Class A and Class B Credit Card Participation Certificates, Series
1994-2, and the Class A and Class B Credit Card Participation Certificates,
Series 1995-1, by the undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
HOUSEHOLD AFFINITY CREDIT CARD
MASTER TRUST I
(Registrant)
By: /s/ J. W. Blenke
Dated: February 21, 1997 J. W. Blenke, Authorized Representative
-3-<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit Page
5
99(a) Statement to Certificateholders with respect to the
distribution on February 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 February 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 February 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 February 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 February 15, 1997 provided under Section
6 of the Series 1994-2 Supplement dated as of September
1, 1994 to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1994-2.
67
99(f) Statement to Certificateholders with respect to the
distribution on February 15, 1997 provided under Section
6 of the Series 1995-1 Supplement dated as of April 3,
1995 to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1995-1.
-4-
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Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivabl
Payment Rate 25.982%
Annualized Gross Cash Yield (excluding pr 17.588%
Annualized Net Default Rate 5.651%
Annualized Portfolio Yield 11.937%
Delinquency status of accounts:
5 - 29 days ($) 234,917,532.35
5 - 29 days (%) (Gross/Gross) 3.65%
30 - 59 days($) 90,895,804.74
30 - 59 days (%) (Gross/Gross) 1.41%
60+ days ($) 184,431,491.94
60+ days (%) (Gross/Gross) 2.87%
Total ($) 510,244,829.03
Total (%) (Gross/Gross) 7.93%
Collections
Principal 1,664,741,604.26
Finance Charge 69,103,834.76
Fees 10,759,338.83
Allocated Interchange 18,181,483.45
Other Recoveries 368,795.99
Total 1,763,155,057.29
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Gross Principal Defaults 32,697,894.81
Principal Recoveries 1,077,976.65
Defaulted Receivables Repurchased Pursuan 0.00
Defaulted Receivables Repurchased Pursuan 0.00
Net Defaulted Amount (Gross Defaults less 31,619,918.16
*** Reallocated Investor Finance Charge and Administrative
Collectio
Reallocated Investor Finance Charge and Admi 15,651,296.98
Investor Defaulted Amount (Gross) 5,156,015.25
Series Adjusted Portfolio Yield 11.895%
<PAGE>
*** 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 4,831,723.00
Overdue Class A Monthly Interest (Due) [Sect 0.00
Class A Additional Interest (Due) [Section 4 0.00
Overdue Class A Additional Interest (Due) [S 0.00
Class A Investor Default Amount 4,382,594.46
Allocable Servicing Fee (Due) [Section 3] 1,764,713.33
Previously unpaid Allocable Servicing Fee 0.01
Class A Required Amount [Section 4.09(a)] 0.00
Funding of Class A Required Amount:
From Excess Reallocated FC&A to Pay Req 0.00
From Cash Collateral Account Withdrawls 0.00
From Subordinated Principal Collections 0.00
Total ("Funded Class A Required Amount" 0.00
Class A Invested Percentage of Reallocated F 13,303,546.26
Amount that constitutes Excess FC&A [Section 2,324,515.46
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously 0.00
Total Available for Class A Invested Percent 10,979,030.80
Class A Monthly Interest (Paid) 4,831,723.00
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 (P 4,382,594.46
Allocable Servicing Fee (Paid) 1,764,713.33
Previously unpaid Allocable Servicing Fee (P 0.01
Class A Interest Shortfall 0.00
*** Class B Invested Percentage Allocations 0.00
Class B Invested Percentage 5.0003400%
Fixed Class B Invested Percentage 5.0003400%
Class B Monthly Interest (Due) [Section 4.08 233,840.42
Overdue Class B Monthly Interest (Due) [Sect 0.00
Class B Additional Interest (Due) [Section 4 0.00
Overdue Class B Additional Interest (Due) [S 0.00
Class B Investor Default Amount 257,818.29
<PAGE>
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 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 0.00
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4 257,818.29
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 257,818.29
Class B Invested Percentage of Reallocated F 782,618.06
Amount that constitutes Excess FC&A [Section 548,777.64
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 0.00
Funded Class B Default Amount 257,818.29
Total Available for Class B Floating Allocat 491,658.71
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 Amoun 257,818.29
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000189%
Collateral Monthly Interest (Due) [Section 4 648,441.96
Overdue Collateral Monthly Interest (Due) [S 0.00
Collateral Additional Interest (Due) [Sectio 0.00
Overdue Collateral Additional Interest (Due) 0.00
Collateral Investor Default Amount 515,602.50
Collateral Invested Percentage of Reallocate 1,565,132.65
Amount that constitutes Excess FC&A [Section 916,690.69
From Excess Reallocated FC&A to Fund Collate 515,602.50
Total Available for Collateral Invested Perc 1,164,044.46
Collateral Monthly Interest (Paid) 648,441.96
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 ( 515,602.50
Collateral Interest Shortfall 0.00
<PAGE>
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Secti 2,324,515.46
Excess Class B Reallocated FC&A [Secti 548,777.64
Excess Collateral Interest Reallocated 916,690.69
Total 3,789,983.79
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Se 0.00
Allocated to reimburse Class A Investor 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 0.00
Allocated to fund the Class B Investor D 257,818.29
Allocated to reimburse Class B Invested 0.00
Allocated to unpaid Allocated Servicing 0.00
Allocated to fund the Collateral Default 515,602.50
Allocated to reimburse Collateral Invest 0.00
Allocated to the Cash Collateral Account 0.00
Allocated pursuant to the Collateral Agr 3,016,563.00
Subordinated Principal Collections [Section 39,377,023.36
Allocated to Class A Required Amount [Sec 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 0.00
Allocated to fund the Class B Investor D 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted PortNot 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 240,896,850.72
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1993-1 Excess Principal Collecti 0.00
[Subordinated Series Reallocated Princi 0.00
Available Investor Principal Collections 240,896,850.72
Collateral Principal Collections 26,766,372.92
<PAGE>
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.0 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Princ 240,896,850.72
Class B Monthly Principal (Due) [Section 4.0 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1993-1 Principal Shortfall 0.00
Trust Excess Principal Collections 267,663,223.64
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificate 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificate 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 4,831,723.00
from Principal Funding Account N/A
Paid to Class A Certificateholders 4,831,723.00
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 233,840.42
from Principal Funding Account N/A
Paid to Class B Certificateholders 233,840.42
Principal Funding Account Balance N/A
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Off 0.00
Cumulative Unreimbursed Class A Investor Cha 0.00
Reduction of Class B Invested Amount (Other 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Off 0.00
Cumulative Unreimbursed Class B Investor Cha 0.00
<PAGE>
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested 105,883,000.00
Current Month's ending Collateral Invested A 105,883,000.00
Reimbursement of Collateral Invested Amount 0.00
Cumulative Unreimbursed Collateral Invested 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing 0.00
Cumulative unreimbursed unpaid Allocated Ser 0.01
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Mont 6,714,768,078.71
Average Principal outstanding based upon add 6,714,768,078.71
Principal Receivables outstanding 6,343,365,954.56
Finance Charge and Administrative Receivable 90,984,632.85
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-O 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 A 0.00
To reimburse Class B Invested Amount r 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<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.368581111
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 5.368581111
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rat 0.000000%
a. One-month LIBOR 5.484380%
b. Spread 0.200000%
c. Class A Certificate Rate 5.684380%
2. Beginning Invested Amount 900,000,000.00
3. Number of Days in the Interest Period 34
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of Finance Charge & Ad 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9996411%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class A Investor Default Amount 4,382,594.46
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution
Date(s) with respect to the Paymen 0.00
(b) The amount of Item 6(a) per $1,000 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 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 s 0.00
7. Allocable Servicing Fee paid for the D 0.00
Date(s) with respect to the Payment Da 1,764,713.33
8. Deficit Controlled Amortization Amount 0.00
D. Class A Pool Factor 1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
F. Class B Certificates
1. Class B Invested Amount as of the end 52,945,000.00
2. Available Collateral Invested Amount a 105,883,000.00
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation 31-Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.416667
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 4.416667
B. Calculation of Class B Interest
1. Class B Coupon 5.30%
2. Beginning Invested Amount 52,945,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of FC&A 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0003400%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class B Investor Default Amount 257,818.29
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any, for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other red 0.00
(d) The amount of Item 6(c) per $1,000 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B Invested Amount as of the end of s 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 105,883,000.00
9. Deficit Controlled Amortization Amount 0.00
D. Class B Pool Factor 1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivabl
Payment Rate 25.982%
Annualized Gross Cash Yield (excluding pr 17.588%
Annualized Net Default Rate 5.651%
Annualized Portfolio Yield 11.937%
Delinquency status of accounts:
5 - 29 days ($) 234,917,532.35
5 - 29 days (%) (Gross/Gross) 3.65%
30 - 59 days($) 90,895,804.74
30 - 59 days (%) (Gross/Gross) 1.41%
60+ days ($) 184,431,491.94
60+ days (%) (Gross/Gross) 2.87%
Total ($) 510,244,829.03
Total (%) (Gross/Gross) 7.93%
Collections
Principal 1,664,741,604.26
Finance Charge 69,103,834.76
Fees 10,759,338.83
Allocated Interchange 18,181,483.45
Other Recoveries 368,795.99
Total 1,763,155,057.29
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Gross Principal Defaults 32,697,894.81
Principal Recoveries 1,077,976.65
Defaulted Receivables Repurchased Pursuan 0.00
Defaulted Receivables Repurchased Pursuan 0.00
Net Defaulted Amount (Gross Defaults less 31,619,918.16
*** Reallocated Investor Finance Charge and Administrative
Collectio
Reallocated Investor Finance Charge and Admi 8,358,889.42
Investor Defaulted Amount (Gross) 2,864,444.26
Series Adjusted Portfolio Yield 11.209%
<PAGE>
*** 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 2,333,333.33
Overdue Class A Monthly Interest (Due) [Sect 0.00
Class A Additional Interest (Due) [Section 4 0.00
Overdue Class A Additional Interest (Due) [S 0.00
Class A Investor Default Amount 2,434,774.70
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 0.00
From Cash Collateral Account Withdrawls 0.00
From Subordinated Principal Collections 0.00
Total ("Funded Class A Required Amount" 0.00
Class A Invested Percentage of Reallocated F 7,105,047.48
Amount that constitutes Excess FC&A [Section 1,356,546.12
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously 0.00
Total Available for Class A Invested Percent 5,748,501.36
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 (P 2,434,774.70
Allocable Servicing Fee (Paid) 980,393.33
Previously unpaid Allocable Servicing Fee (P 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 4.08 144,609.00
Overdue Class B Monthly Interest (Due) [Sect 0.00
Class B Additional Interest (Due) [Section 4 0.00
Overdue Class B Additional Interest (Due) [S 0.00
Class B Investor Default Amount 143,223.19
<PAGE>
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 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 0.00
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4 143,223.19
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 143,223.19
Class B Invested Percentage of Reallocated F 417,947.31
Amount that constitutes Excess FC&A [Section 273,338.31
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 0.00
Funded Class B Default Amount 143,223.19
Total Available for Class B Floating Allocat 287,832.19
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 Amoun 143,223.19
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000680%
Collateral Monthly Interest (Due) [Section 4 360,246.22
Overdue Collateral Monthly Interest (Due) [S 0.00
Collateral Additional Interest (Due) [Sectio 0.00
Overdue Collateral Additional Interest (Due) 0.00
Collateral Investor Default Amount 286,446.37
Collateral Invested Percentage of Reallocate 835,894.63
Amount that constitutes Excess FC&A [Section 475,648.41
From Excess Reallocated FC&A to Fund Collate 286,446.37
Total Available for Collateral Invested Perc 646,692.59
Collateral Monthly Interest (Paid) 360,246.22
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 ( 286,446.37
Collateral Interest Shortfall 0.00
<PAGE>
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Secti 1,356,546.12
Excess Class B Reallocated FC&A [Secti 273,338.31
Excess Collateral Interest Reallocated 475,648.41
Total 2,105,532.84
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Se 0.00
Allocated to reimburse Class A Investor 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 0.00
Allocated to fund the Class B Investor D 143,223.19
Allocated to reimburse Class B Invested 0.00
Allocated to unpaid Allocated Servicing 0.00
Allocated to fund the Collateral Default 286,446.37
Allocated to reimburse Collateral Invest 0.00
Allocated to the Cash Collateral Account 0.00
Allocated pursuant to the Collateral Agr 1,675,863.28
Subordinated Principal Collections [Section 21,875,683.34
Allocated to Class A Required Amount [Sec 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 0.00
Allocated to fund the Class B Investor D 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted PortNot 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 133,831,106.24
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1993-2 Excess Principal Collecti 0.00
[Subordinated Series Reallocated Princi 0.00
Available Investor Principal Collections 133,831,106.24
Collateral Principal Collections 14,870,235.26
<PAGE>
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.0 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Princ 133,831,106.24
Class B Monthly Principal (Due) [Section 4.0 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1993-2 Principal Shortfall 0.00
Trust Excess Principal Collections 148,701,341.50
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificate 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificate 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-Off 0.00
Cumulative Unreimbursed Class A Investor Cha 0.00
Reduction of Class B Invested Amount (Other 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Off 0.00
Cumulative Unreimbursed Class B Investor Cha 0.00
<PAGE>
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested 58,824,000.00
Current Month's ending Collateral Invested A 58,824,000.00
Reimbursement of Collateral Invested Amount 0.00
Cumulative Unreimbursed Collateral Invested 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing 0.00
Cumulative unreimbursed unpaid Allocated Ser 0.00
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Mont 6,714,768,078.71
Average Principal outstanding based upon add 6,714,768,078.71
Principal Receivables outstanding 6,343,365,954.56
Finance Charge and Administrative Receivable 90,984,632.85
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-O 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 A 0.00
To reimburse Class B Invested Amount r 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<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.666667
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 4.666667
B. Calculation of Class A Interest
1. Class A Certificate Coupon 5.60%
2. Beginning Invested Amount 500,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of Finance Charge & Ad 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9998980%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account 0.00
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 234,917,532.35
(%) 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) 2.87%
5. Class A Investor Default Amount 2,434,774.70
CLASS A CERTIFICATEHOLDER'S STATEMENT
<PAGE>
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution Date(s) with respect to the Paymen 0.00
(b) The amount of Item 6(a) per $1,000 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 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 s 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Da 980,393.33
8. Deficit Controlled Amortization Amount 0.00
D. Class A Pool Factor 1.0000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
F. Class B Certificates
1. Class B Invested Amount as of the end 29,412,000.00
2. Available Collateral Invested Amount a 58,824,000.00
<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust Feb-97
*****************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 4.916667
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 4.916667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 5.9000%
2. Beginning Class B Invested Amount 29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of FC&A 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000340%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account 0.000000
(b) Total amount on deposit in Principal
Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 234,917,532.35
(%) 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
1.41%
(c) 60+ days -- ($) 184,431,491.94
2.87%
5. Class B Investor Default Amount 143,223.19
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any, for the Distribution Date(s) with respect to the
Payment Date 0.000000
(b) The amount of Item 6(a) per $1,000 0.000000
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other red 0.000000
(d) The amount of Item 6(c) per $1,000 0.000000
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B Invested Amount as of the end of s 0.000000
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.000000
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at c 0.000000
Payment Date 0.000000
8. Available Collateral Invested Amount 58,824,000.00
9. Deficit Controlled Amortization Amount 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivabl
Payment Rate 25.982%
Annualized Gross Cash Yield (excluding pr 17.588%
Annualized Net Default Rate 5.651%
Annualized Portfolio Yield 11.937%
Delinquency status of accounts:
5 - 29 days ($) 234,917,532.35
5 - 29 days (%) (Gross/Gross) 3.65%
30 - 59 days($) 90,895,804.74
30 - 59 days (%) (Gross/Gross) 1.41%
60+ days ($) 184,431,491.94
60+ days (%) (Gross/Gross) 2.87%
Total ($) 510,244,829.03
Total (%) (Gross/Gross) 7.93%
Collections
Principal 1,664,741,604.26
Finance Charge 69,103,834.76
Fees 10,759,338.83
Allocated Interchange 18,181,483.45
Other Recoveries 368,795.99
Total 1,763,155,057.29
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Gross Principal Defaults 32,697,894.81
Principal Recoveries 1,077,976.65
Defaulted Receivables Repurchased Pursuan 0.00
Defaulted Receivables Repurchased Pursuan 0.00
Net Defaulted Amount (Gross Defaults less 31,619,918.16
*** Reallocated Investor Finance Charge and Administrative
Collectio
Reallocated Investor Finance Charge and Admi 14,772,832.27
Investor Defaulted Amount (Gross) 4,869,549.39
Series Adjusted Portfolio Yield 11.884%
<PAGE>
*** 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 4,523,155.06
Overdue Class A Monthly Interest (Due) [Sect 0.00
Class A Additional Interest (Due) [Section 4 0.00
Overdue Class A Additional Interest (Due) [S 0.00
Class A Investor Default Amount 4,139,116.98
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 0.00
From Cash Collateral Account Withdrawls 0.00
From Subordinated Principal Collections 0.00
Total ("Funded Class A Required Amount" 0.00
Class A Invested Percentage of Reallocated F 12,556,907.43
Amount that constitutes Excess FC&A [Section 2,227,968.72
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously 0.00
Total Available for Class A Invested Percent 10,328,938.71
Class A Monthly Interest (Paid) 4,523,155.06
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 (P 4,139,116.98
Allocable Servicing Fee (Paid) 1,666,666.67
Previously unpaid Allocable Servicing Fee (P 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 4.08 252,083.33
Overdue Class B Monthly Interest (Due) [Sect 0.00
Class B Additional Interest (Due) [Section 4 0.00
Overdue Class B Additional Interest (Due) [S 0.00
Class B Investor Default Amount 243,477.47
0<PAGE>
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 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 0.00
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4 243,477.47
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 243,477.47
Class B Invested Percentage of Reallocated F 738,641.61
Amount that constitutes Excess FC&A [Section 486,558.28
Funded Excess current or overdue Class B Mon 0
Class B Additional Interest or the Cummula 0.00
Funded Class B Default Amount 243,477.47
Total Available for Class B Floating Allocat 495,560.80
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 Amoun 243,477.47
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 10.0000000%
Collateral Monthly Interest (Due) [Section 4 612,413.67
Overdue Collateral Monthly Interest (Due) [S 0.00
Collateral Additional Interest (Due) [Sectio 0.00
Overdue Collateral Additional Interest (Due) 0.00
Collateral Investor Default Amount 486,954.94
Collateral Invested Percentage of Reallocate 1,477,283.23
Amount that constitutes Excess FC&A [Section 864,869.56
From Excess Reallocated FC&A to Fund Collate 486,954.94
Total Available for Collateral Invested Perc 1,099,368.61
Collateral Monthly Interest (Paid) 612,413.67
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 ( 486,954.94
Collateral Interest Shortfall 0.00
<PAGE>
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Secti 2,227,968.72
Excess Class B Reallocated FC&A [Secti 486,558.28
Excess Collateral Interest Reallocated 864,869.56
Total 3,579,396.56
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Se 0.00
Allocated to reimburse Class A Investor 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 0.00
Allocated to fund the Class B Investor D 243,477.47
Allocated to reimburse Class B Invested 0.00
Allocated to unpaid Allocated Servicing 0.00
Allocated to fund the Collateral Default 486,954.94
Allocated to reimburse Collateral Invest 0.00
Allocated to the Cash Collateral Account 0.00
Allocated pursuant to the Collateral Agr 2,848,964.15
Subordinated Principal Collections [Section 37,188,364.17
Allocated to Class A Required Amount [Sec 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 0.00
Allocated to fund the Class B Investor D 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted PortNot 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 227,512,779.48
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1994-1 Excess Principal Collecti 0.00
[Subordinated Series Reallocated Princi 0.00
Available Investor Principal Collections 227,512,779.48
Collateral Principal Collections 25,279,197.72
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.0 0.00
Class A Monthly Principal (Paid) 0.00
<PAGE>
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Princ 227,512,779.48
Class B Monthly Principal (Due) [Section 4.0 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1994-1 Principal Shortfall 0.00
Trust Excess Principal Collections 252,791,977.20
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificate 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificate 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 4,523,155.06
from Principal Funding Account N/A
Paid to Class A Certificateholders 4,523,155.06
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-Off 0.00
Cumulative Unreimbursed Class A Investor Cha 0.00
Reduction of Class B Invested Amount (Other 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Off 0.00
Cumulative Unreimbursed Class B Investor Cha 0.00
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested 100,000,000.00
Current Month's ending Collateral Invested A 100,000,000.00
Reimbursement of Collateral Invested Amount 0.00
Cumulative Unreimbursed Collateral Invested 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing 0.00
Cumulative unreimbursed unpaid Allocated Ser (0.00)<PAGE>
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Mont 6,714,768,078.71
Average Principal outstanding based upon add 6,714,768,078.71
Principal Receivables outstanding [End of Mo 6,343,365,954.56
Finance Charge and Administrative Receivable 90,984,632.85
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-O 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 A 0.00
To reimburse Class B Invested Amount r 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
<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.321359
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 5.321359
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.484380%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.634380%
2. Beginning Invested Amount 850,000,000.00
3. Days in the Interest Period 34
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of Finance Charge & Ad 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class A Invested Percentage 85.000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class A Investor Default Amount 4,139,116.98
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution Date(s) with respect to the Paymen 0.00
(b) The amount of Item 6(a) per $1,000 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 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 s 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Da 1,666,666.67
8. Deficit Controlled Amortization Amount 0.00
D. Class A Pool Factor 1.000000000
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 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
F. Class B Certificates (as reported for 12/16/96 Distribution)
1. Class B Invested Amount as of the end 50,000,000.00
2. Available Collateral Invested Amount a 100,000,000.00
<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
18-Feb-97
*****************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.041667
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 5.041667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 6.050000%
2. Beginning Class B Invested Amount 50,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of FC&A 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class B Invested Percentage 5.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class B Investor Default Amount 243,477.47
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any, for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other red 0.00
(d) The amount of Item 6(c) per $1,000 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B Invested Amount as of the end of s 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00
8. Available Collateral Invested Amount ( 100,000,000.00
9. Deficit Controlled Amortization Amount 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances (as reported for 12/16/96 Distribution)
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivabl
Payment Rate 25.982%
Annualized Gross Cash Yield (excluding pr 17.588%
Annualized Net Default Rate 5.651%
Annualized Portfolio Yield 11.937%
Delinquency status of accounts:
5 - 29 days ($) 234,917,532.35
5 - 29 days (%) (Gross/Gross) 3.65%
30 - 59 days($) 90,895,804.74
30 - 59 days (%) (Gross/Gross) 1.41%
60+ days ($) 184,431,491.94
60+ days (%) (Gross/Gross) 2.87%
Total ($) 510,244,829.03
Total (%) (Gross/Gross) 7.93%
Collections
Principal 1,664,741,604.26
Finance Charge 69,103,834.76
Fees 10,759,338.83
Allocated Interchange 18,181,483.45
Other Recoveries 368,795.99
Total 1,763,155,057.29
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Gross Principal Defaults 32,697,894.81
Principal Recoveries 1,077,976.65
Defaulted Receivables Repurchased Pursuan 0.00
Defaulted Receivables Repurchased Pursuan 0.00
Net Defaulted Amount (Gross Defaults less 31,619,918.16
*** Reallocated Investor Finance Charge and Administrative
Collectio
Reallocated Investor Finance Charge and Admi 15,251,352.51
Investor Defaulted Amount (Gross) 4,869,549.39
Series Adjusted Portfolio Yield 12.458%
<PAGE>
*** 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 5,075,000.00
Overdue Class A Monthly Interest (Due) [Sect 0.00
Class A Additional Interest (Due) [Section 4 0.00
Overdue Class A Additional Interest (Due) [S 0.00
Class A Investor Default Amount 4,236,507.97
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 0.00
From Cash Collateral Account Withdrawls 0.00
From Subordinated Principal Collections 0.00
Total ("Funded Class A Required Amount" 0.00
Class A Invested Percentage of Reallocated F 13,268,676.68
Amount that constitutes Excess FC&A [Section 2,290,502.04
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously 0.00
Total Available for Class A Invested Percent 10,978,174.64
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 (P 4,236,507.97
Allocable Servicing Fee (Paid) 1,666,666.67
Previously unpaid Allocable Servicing Fee (P 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 4.08 240,000.00
Overdue Class B Monthly Interest (Due) [Sect 0.00
Class B Additional Interest (Due) [Section 4 0.00
Overdue Class B Additional Interest (Due) [S 0.00
Class B Investor Default Amount 194,781.98
<PAGE>
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 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 0.00
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4 194,781.98
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 194,781.98
Class B Invested Percentage of Reallocated F 610,054.10
Amount that constitutes Excess FC&A [Section 370,054.10
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 0.00
Funded Class B Default Amount 194,781.98
Total Available for Class B Floating Allocat 434,781.98
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 Amoun 194,781.98
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4 551,172.30
Overdue Collateral Monthly Interest (Due) [S 0.00
Collateral Additional Interest (Due) [Sectio 0.00
Overdue Collateral Additional Interest (Due) 0.00
Collateral Investor Default Amount 438,259.45
Collateral Invested Percentage of Reallocate 1,372,621.73
Amount that constitutes Excess FC&A [Section 1,372,621.73
Collateral Monthly Interest (Paid) 551,172.30
Overdue Collateral Monthly Interest (Paid) 0.00
Collateral Additional Interest (Paid) 0.00
Overdue Collateral Additional Interest (Paid 0.00
Reimbursement of Collateral Default Amount ( 438,259.45
Collateral Interest Shortfall 0.00
<PAGE>
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Secti 2,290,502.04
Excess Class B Reallocated FC&A [Secti 370,054.10
Excess from Collateral Interest Reallo 1,372,621.73
Total 4,033,177.87
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Se 0.00
Allocated to reimburse Class A Investor 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 0.00
Allocated to fund the Class B Investor D 194,781.98
Allocated to reimburse Class B Invested 0.00
Allocated to pay current or overdue Collateral Monthly
Interest, and Collateral Additional Interest [S
551,172.30
Allocated to unpaid Allocated Servicing 0.00
Allocated to fund the Collateral Default 438,259.45
Allocated to reimburse Collateral Invest 0.00
Allocated to the Cash Collateral Account 0.00
Allocated pursuant to the Collateral Agr 2,848,964.14
Subordinated Principal Collections [Section 32,229,915.62
Allocated to Class A Required Amount [Sec 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 0.00
Allocated to fund the Class B Investor D 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted PortNot 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 230,040,699.26
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1994-1 Excess Principal Collecti 0.00
[Subordinated Series Reallocated Princi 0.00
Available Investor Principal Collections 230,040,699.26
Collateral Principal Collections 22,751,277.95
<PAGE>
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.0 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Princ 230,040,699.26
Class B Monthly Principal (Due) [Section 4.0 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1994-2 Principal Shortfall 0.00
Trust Excess Principal Collections 252,791,977.21
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificate 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificate 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 5,075,000.00
from Principal Funding Account N/A
Paid to Class A Certificateholders 5,075,000.00
Principal Funding Account Balance N/A
Class B Interest Payment/Deposit
from Collection Account 240,000.00
from Principal Funding Account N/A
Paid to Class B Certificateholders 240,000.00
Principal Funding Account Balance 0.00
Class A Investor Charge-Offs 0.00
Reimbursement of Class A Investor Charge-Off 0.00
Cumulative Unreimbursed Class A Investor Cha 0.00
Reduction of Class B Invested Amount (Other 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Off 0.00
Cumulative Unreimbursed Class B Investor Cha 0.00
<PAGE>
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested 90,000,000.00
Current Month's ending Collateral Invested A 90,000,000.00
Reimbursement of Collateral Invested Amount 0.00
Cumulative Unreimbursed Collateral Invested 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing 0.00
Cumulative unreimbursed unpaid Allocated Ser 0.00
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Mont 6,714,768,078.71
Average Principal outstanding based upon add 6,714,768,078.71
Principal Receivables outstanding [End of Mo 6,343,365,954.56
Finance Charge and Administrative Receivable 90,984,632.85
Class A Invested Amount 870,000,000.00
Class B Invested Amount 40,000,000.00
Collateral Invested Amount 90,000,000.00
Series Adjusted Invested Amount 1,000,000,000.00
Series Required Sellers Amount 70,000,000.00
Required Collateral Amount 90,000,000.00
Available Collateral Amount 90,000,000.00
Class A Certificate Balance 870,000,000.00
Class B Certificate Balance 40,000,000.00
*** Cash Collateral Account ***
Cash Collateral Account [Section 4.14]
Begin Balance 0.00
Deposit of Excess Collections 0.00
Withdrawal Amounts [Section 4.14 (b)]
For Class A Required Amount 0.00
To reimburse Class A Investor Charge-O 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 A 0.00
To reimburse Class B Invested Amount r 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<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation 31-Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.833333
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 5.833333
B. Calculation of Class A Interest
1. Class A Certificate Coupon 7.0000000%
2. Beginning Invested Amount 870,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of Finance Charge & Ad 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class A Investor Default Amount 4,236,507.97
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution Date(s) with respect to the Paymen 0.00
(b) The amount of Item 6(a) per $1,000 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 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 s 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Da 1,666,666.67
8. Deficit Controlled Amortization Amount 0.00
D. Class A Pool Factor 1.000000000
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 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
F. Class B Certificates (as reported for 12/16/96 Distribution)
1. Class B Invested Amount as of the end 40,000,000.00
2. Available Collateral Invested Amount a 90,000,000.00
<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust Feb-97
18-Feb-97
*****************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 6.000000
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 6.000000
B. Calculation of Class B Interest
1. Class B Certificate Coupon 7.2000000%
2. Beginning Class B Invested Amount 40,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of FC&A 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class B Invested Percentage 4.0000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class B Investor Default Amount 194,781.98
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any, for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other red 0.00
(d) The amount of Item 6(c) per $1,000 0.00
(e) The amount, if any, by which the outstanding principal
balance of of the Class B Certificates exceeds the Class
B Invested Amount as of the end of s 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 90,000,000.00
9. Deficit Controlled Amortization Amount 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
<PAGE>
*****************************************************************
Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*********************************************
*** Trust Portfolio Activity Summary ***
Performance Ratios (expressed as a percentage of Principal
Receivabl
Payment Rate 25.982%
Annualized Gross Cash Yield (excluding pr 17.588%
Annualized Net Default Rate 5.651%
Annualized Portfolio Yield 11.937%
Delinquency status of accounts:
5 - 29 days ($) 234,917,532.35
5 - 29 days (%) (Gross/Gross) 3.65%
30 - 59 days($) 90,895,804.74
30 - 59 days (%) (Gross/Gross) 1.41%
60+ days ($) 184,431,491.94
60+ days (%) (Gross/Gross) 2.87%
Total ($) 510,244,829.03
Total (%) (Gross/Gross) 7.93%
Collections
Principal 1,664,741,604.26
Finance Charge 69,103,834.76
Fees 10,759,338.83
Allocated Interchange 18,181,483.45
Other Recoveries 368,795.99
Total 1,763,155,057.29
Aggregate Principal Shortfalls for Group 1 0.00
Adjustment Payments 0.00
Transfer Deposit Amount 0.00
Charge-Off Activity
Gross Principal Defaults 32,697,894.81
Principal Recoveries 1,077,976.65
Defaulted Receivables Repurchased Pursuan 0.00
Defaulted Receivables Repurchased Pursuan 0.00
Net Defaulted Amount (Gross Defaults less 31,619,918.16
*** Reallocated Investor Finance Charge and Administrative
Collectio
Reallocated Investor Finance Charge and Admi 8,893,560.85
Investor Defaulted Amount (Gross) 2,921,729.64
Series Adjusted Portfolio Yield 11.944%
<PAGE>
*** 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 2,777,749.34
Overdue Class A Monthly Interest (Due) [Sect 0.00
Class A Additional Interest (Due) [Section 4 0.00
Overdue Class A Additional Interest (Due) [S 0.00
Class A Investor Default Amount 2,541,904.79
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 0.00
From Cash Collateral Account Withdrawls 0.00
From Subordinated Principal Collections 0.00
Total ("Funded Class A Required Amount" 0.00
Class A Invested Percentage of Reallocated F 7,737,397.94
Amount that constitutes Excess FC&A [Section 1,417,743.81
Funded Class A Required Amount 0.00
Excess Reallocated FC&A to cover previously 0.00
Total Available for Class A Invested Percent 6,319,654.13
Class A Monthly Interest (Paid) 2,777,749.34
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 (P 2,541,904.79
Allocable Servicing Fee (Paid) 1,000,000.00
Previously unpaid Allocable Servicing Fee (P 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 4.08 154,000.00
Overdue Class B Monthly Interest (Due) [Sect 0.00
Class B Additional Interest (Due) [Section 4 0.00
Overdue Class B Additional Interest (Due) [S 0.00
Class B Investor Default Amount 116,869.19
<PAGE>
Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 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 0.00
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 0.00
Funding of Class B Investor Default Amount
From Excess Reallocated FC&A [Section 4 116,869.19
From Cash Collateral Account Withdrawl 0.00
From Subordinated Principal Collections 0.00
Total Funded 116,869.19
Class B Invested Percentage of Reallocated F 355,742.43
Amount that constitutes Excess FC&A [Section 201,742.43
Funded Excess current or overdue Class B Monthly Interest,
Class B Additional Interest or the Cummula 0.00
Funded Class B Default Amount 116,869.19
Total Available for Class B Floating Allocat 270,869.19
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 Amoun 116,869.19
Class B Interest Shortfall 0.00
*** Collateral Invested Percentage Allocations ***
Collateral Invested Percentage 9.0000000%
Collateral Monthly Interest (Due) [Section 4 330,703.38
Overdue Collateral Monthly Interest (Due) [S 0.00
Collateral Additional Interest (Due) [Sectio 0.00
Overdue Collateral Additional Interest (Due) 0.00
Collateral Investor Default Amount 262,955.67
Collateral Invested Percentage of Reallocate 800,420.48
Amount that constitutes Excess FC&A [Section 800,420.48
Collateral Monthly Interest (Paid) 330,703.38
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 ( 262,955.67
Collateral Interest Shortfall 0.00
<PAGE>
*** Reimbursement of Shortfalls ***
Excess Reallocated FC&A Collections
Sources of Excess Reallocated FC&A Collections
Excess Class A Reallocated FC&A [Secti 1,417,743.81
Excess Class B Reallocated FC&A [Secti 201,742.43
Excess from Collateral Interest Reallo 800,420.48
Total 2,419,906.72
Uses of Excess Reallocated FC&A Collections [Section 4.13]
Allocated to Class A Required Amount [Se 0.00
Allocated to reimburse Class A Investor 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 0.00
Allocated to fund the Class B Investor D 116,869.19
Allocated to reimburse Class B Invested 0.00
Allocated to pay current or overdue Collateral Monthly
Interest,
and Collateral Additional Interest [S 330,703.38
Allocated to unpaid Allocated Servicing 0.00
Allocated to fund the Collateral Default 262,955.67
Allocated to reimburse Collateral Invest 0.00
Allocated to the Cash Collateral Account 0.00
Allocated pursuant to the Collateral Agr 1,709,378.48
Subordinated Principal Collections [Section 19,337,949.37
Allocated to Class A Required Amount [Sec 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 0.00
Allocated to fund the Class B Investor D 0.00
*** Amortization Allocations ***
Amortization Events
[Three Month Average Series Adjusted PortNot 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 138,024,419.57
Subordinated Principal Collections 0.00
Series Allocable Miscellaneous Payments 0.00
Series 1995-1 Excess Principal Collecti 0.00
[Subordinated Series Reallocated Princi 0.00
Available Investor Principal Collections 138,024,419.57
<PAGE>
Collateral Principal Collections 13,650,766.77
Controlled Distribution Amount N/A
Class A Monthly Principal (Due) [Section 4.0 0.00
Class A Monthly Principal (Paid) 0.00
Deficit Controlled Amortization Amount 0.00
Total Available to Pay Class B Monthly Princ 138,024,419.57
Class B Monthly Principal (Due) [Section 4.0 0.00
Class B Monthly Principal (Paid) 0.00
Collateral Monthly Principal (Due) [Section 0.00
Collateral Monthly Principal (Paid) 0.00
Series 1995-1 Principal Shortfall 0.00
Trust Excess Principal Collections 151,675,186.34
*** Funding Accounts ***
Class A Principal Funding Account deposit N/A
Principal Distributed to Class A Certificate 0.00
Class A Principal Funding Account Balance N/A
Class B Principal Funding Account deposits 0.00
Principal Distributed to Class B Certificate 0.00
Class B Principal Funding Account Balance N/A
Class A Interest Payment/Deposit
from Collection Account 2,777,749.34
from Principal Funding Account N/A
Paid to Class A Certificateholders 2,777,749.34
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-Off 0.00
Cumulative Unreimbursed Class A Investor Cha 0.00
Reduction of Class B Invested Amount (Other 0.00
Class B Investor Charge-Offs 0.00
Reimbursement of Class B Investor Charge-Off 0.00
Cumulative Unreimbursed Class B Investor Cha 0.00
<PAGE>
Reduction of the Collateral Invested Amount 0.00
Previous month's ending Collateral Invested 54,000,000.00
Current Month's ending Collateral Invested A 54,000,000.00
Reimbursement of Collateral Invested Amount 0.00
Cumulative Unreimbursed Collateral Invested 0.00
Unpaid current Allocated Servicing Fee 0.00
Reimbursement of unpaid Allocated Servicing 0.00
Cumulative unreimbursed unpaid Allocated Ser 0.00
*** Receivables Outstanding & Invested Amounts ***
Principal Receivables outstanding [Last Mont 6,714,768,078.71
Average Principal outstanding based upon add 6,714,768,078.71
Principal Receivables outstanding [End of Mo 6,343,365,954.56
Finance Charge and Administrative Receivable 90,984,632.85
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-O 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 A 0.00
To reimburse Class B Invested Amount r 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)<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation 31-Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 5.321359
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 5.321359
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 5.484380%
(b) Spread 0.150000%
(c) Class A Certificate Rate 5.634380%
2. Beginning Invested Amount 522,000,000.00
3. Days in the Interest Period 34
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of Finance Charge & Ad 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class A Invested Percentage 87.000000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to
Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class A Investor Default Amount 2,541,904.79
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the
Distribution Date(s) with respect to the Paymen 0.00
(b) The amount of Item 6(a) per $1,000 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 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 s 0.00
7. Allocable Servicing Fee paid for the Distribution
Date(s) with respect to the Payment Da 1,000,000.00
8. Deficit Controlled Amortization Amount 0.00
D. Class A Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
F. Class B Certificates
1. Class B Invested Amount as of the end 24,000,000.00
2. Available Collateral Invested Amount a 54,000,000.00
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation Jan-97
Household Affinity Credit Card Master Trust 18-Feb-97
*****************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 6.416667
2. Principal distribution per $1,000 inte 0.000000
3. Interest distribution per $1,000 inter 6.416667
B. Calculation of Class B Interest
1. Class B Certificate Coupon 7.700000%
2. Beginning Class B Invested Amount 24,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 1,763,155,057.29
(b) Collections of FC&A 98,413,453.03
(c) Collections of Principal 1,664,741,604.26
2. Allocation of Receivables
(a) Class B Invested Percentage 4.000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to
the Principal Funding Account NA
(b) Total amount on deposit in Principal
Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 234,917,532.35
(%) (G 3.65%
(b) 30 - 59 days-- ($) 90,895,804.74
(%) (G 1.41%
(c) 60+ days -- ($) 184,431,491.94
(%) (G 2.87%
5. Class B Investor Default Amount 116,869.19
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if
any, for the Distribution Date(s) with respect to the
Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 0.00
(c) Total reimbursed to Trust in respect of Class B
Investor Charge-Offs and other red 0.00
(d) The amount of Item 6(c) per $1,000 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 s 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 0.00
D. Class B Pool Factor 1.000000000
E. Receivables Balances 0.00
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,343,365,954.56
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the pre 90,984,632.85
