SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to _______
Commission File Nos. 0-23942
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 36-3670374
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation of Servicer) Number of Registrant
2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS 60070
(Address of principal executive offices of (Zip Code)
Servicer)
Servicer's telephone number, including area code (847) 564-5000
Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.
Yes X No _____
The aggregate principal amount of the Certificates held by non-
affiliates of the Servicer as of December 31, 1996 was
approximately $3,890.8 million.
<PAGE>
INTRODUCTORY NOTE
Household Affinity Funding Corporation (the "Seller") is the
seller under a Pooling and Servicing Agreement dated as of April
30, 1993, as amended by the Amended and Restated Pooling and
Servicing Agreement dated as of August 1, 1993 (collectively, the
"Agreement") by and among the Seller, Household Finance
Corporation, as Servicer (the "Servicer") and The Bank of New York,
as trustee (the "Trustee"), as supplemented thereby by various
series supplements, providing for the issuance of certificates in
varying series (the "Certificates"), and is the originator of the
trust called the Household Affinity Credit Card Master Trust I (the
"Registrant" or the "Trust").
Each Certificate represents an undivided interest in a pool of
receivables held by the Trust. The Certificates issued, or to be
issued, may be senior ("Class A Certificates"), subordinated
("Class B Certificates") and Seller Certificate(s). The Registrant
has prepared this Form 10-K in reliance upon various no-action
letters issued by the Securities and Exchange Commission (the
"Commission") to other trusts which are substantially similar to
the Trust and as a result of the Commission's issuance of a
favorable response to the Trust's Application for Exemptive Order
pursuant to Section 12(h) of the Securities Exchange Act of 1934.
Items designated herein as "Not Applicable" have been omitted as a
result of this reliance and in anticipation of favorable action by
the Commission.
<PAGE>
PART I
Item 1. Business.
Not Applicable.
Item 2. Properties.
Not Applicable.
Item 3. Legal Proceedings.
The Servicer is not aware of any material pending legal
proceedings involving either the Registrant, the Trustee,
the Seller or the Servicer with respect to the
Certificates or the Registrant's property.
Item 4. Submission of Matters to a Vote of Security Holders.
No vote or consent of the holders of the Certificates
(the "Certificateholders") was solicited for any purpose
during the year ended December 31, 1996.
PART II
Item 5. Market for Registrant's Common Equity and Related
Stockholder Matters.
To the best knowledge of the Servicer, there is no
established public trading market for the Certificates.
As of January 31, 1997, there were 169 Class A
Certificateholders (no more than 48 for any one series)
and 41 Class B Certificateholders, some of whom may be
holding Certificates for the accounts of others.
Item 6. Selected Financial Data.
Not Applicable.
<PAGE>
Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations.
Not Applicable.
Item 8. Financial Statements and Supplementary Data.
Not Applicable.
Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure.
None.
PART III
Item 10. Directors and Executive Officers of the Registrant.
Not Applicable.
Item 11. Executive Compensation.
Not Applicable.
Item 12. Security Ownership of Certain Beneficial Owners and
Management.
The Servicer is not aware of any Schedules 13D or 13G
filed with the Securities and Exchange Commission in
respect of the Certificates. All Certificates are held
in the name of The Depository Trust Company (DTC). The
Servicer will provide, without charge, a listing of the
beneficial owners as provided by DTC as of January 31,
1997.
<PAGE>
Item 13. Certain Relationships and Related Transactions.
None or Not Applicable.
PART IV
Item 14. Exhibits, Financial Statement Schedules, and Reports on
Form 8-K.
(a) List the following documents filed as a part of the
report:
(1) Financial Statements
Not Applicable.
(2) Financial Statement Schedules
Not Applicable.
(3) The Servicer is obligated to prepare an Annual
Statement to Certificateholders for the year
1996, and Independent Public Accountants are
required to prepare an Annual Servicing Report
pertaining to the compliance of the Servicer
with its servicing obligations pursuant to the
Agreement. Copies of said documents are or
will be filed as exhibits to this Form 10-K
when they are available.
(b) The Registrant filed the following current reports
on Form 8-K for the fourth quarter of 1996.
Date of Reports Items Covered
October 15, 1996 Item 7 -- Statement to
November 15, 1996 Certificateholders with respect
December 16, 1996 to distributions made on
October 15, 1996, November 15,
1996 and December 16, 1996.
(c) Exhibit 99. Copy of Annual Statement to
Certificateholders for the year 1996.
(d) Not Applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Servicer has duly caused this
report to be signed on behalf of the Household Affinity Credit Card
Master Trust I by the undersigned, thereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Servicer of and on behalf of the
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST I
(Registrant)
Date: February 17, 1997 By:/s/John W. Blenke
John W. Blenke
Assistant Secretary
U:\WP\HFS088\95-10K\AFFINITY
<PAGE>
Exhibit Index
Exhibit No. Exhibit Page No.
99 Copy of Annual Statement to 8
Certificateholders for the year
ended December 31, 1996.
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Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1993-1
************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 58.000373111
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 58.000373111
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
a. One-month LIBOR N/A
b. Spread N/A
c. Class A Certificate Rate N/A
2. Beginning Invested Amount N/A
3. Number of Days in the Interest Period N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of Finance Charge & Administrative Receivabl
1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9996411%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to Principal Funding Account 0.00
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class A Investor Default Amount 46,292,231.91
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A Investor
Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution Date(s) with respect to
the Payment Date 21,176,559.96
8. Deficit Controlled Amortization Amount for such Payment Date 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 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 52,945,000.00
2. Available Collateral Invested Amount as of the end of the Payment Date
105,883,000.00
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1993-1
************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 53.000003460
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 53.000003460
B. Calculation of Class B Interest
1. Class B Coupon N/A
2. Beginning Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of FC&A 1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class B Invested Percentage 5.00034000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to the Principal Funding Account
0.00
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class B Investor Default Amount 2,723,269.13
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
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 the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 105,883,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 92,714,400.06
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1993-2
************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 56.000003320
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 56.00000332
B. Calculation of Class A Interest
1. Class A Certificate Coupon N/A
2. Beginning Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of Finance Charge & Administrative Receivables
1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class A Invested Percentage 84.9998980%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to Principal Funding Account 0.00
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class A Investor Default Amount 25,717,906.64
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A Investor
Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution Date(s) with respect to
the Payment Date 11,764,719.95
8. Deficit Controlled Amortization Amount for such Payment Date 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 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close
of business on the last day of the preceding Due Period 92,714,400.06
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 29,412,000.00
2. Available Collateral Invested Amount as of the end of the Payment Date
58,824,000.00
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1993-2
************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 59.000003334
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 59.000003334
B. Calculation of Class B Interest
1. Class B Certificate Coupon N/A
2. Beginning Class B Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of FC&A 1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class B Invested Percentage 5.00003400%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid/Deposited to the Principal Funding Account 0.00
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class B Investor Default Amount 1,512,830.13
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
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 the Class B Certificates exceeds the Class B
Invested Amount as of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business
on the Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the
Class B Invested Amount, each at close of business on the
Payment Date 0.00%
8. Available Collateral Invested Amount 58,824,000.00
9. Deficit Controlled Amortization Amount for such Payment Date
0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1993-3
************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 804.110871560
2. Principal distribution per $1,000 interest 750.000000000
3. Interest distribution per $1,000 interest 54.11087156
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR N/A
(b) Spread N/A
(c) Class A Certificate Rate N/A
2. Beginning Invested Amount N/A
3. Days in the Interest Period N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of Finance Charge & Administrative Receivables
1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables (Percentages at 12/16/96 Distribution)
(a) Class A Invested Percentage 76.2330389%
(b) Principal Allocation Percentage 89.0455428%
3. Class A Principal
(a) Total Amount Paid/Deposited to Principal Funding Account
375,000,000.00
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class A Investor Default Amount 24,982,337.43
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution
Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A Investor
Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal
balance of the Class A Certificates exceeds the Class A
Invested Amount as of the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution Date(s) with
respect to the Payment Date 11,556,386.63
8. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class A Pool Factor at 12/16/96 Distribution 0.25000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day
of the preceding Due Period 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of
business on the last day of the preceding Due Period 92,714,400.06
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 29,412,000.00
2. Available Collateral Invested Amount as of the end of the Payment Date
38,235,600.00
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1993-3
************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 49.500000000
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 49.500000000
B. Calculation of Class B Interest
1. Class B Certificate Coupon N/A
2. Beginning Class B Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of FC&A 1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class B Invested Percentage for 12/16/96 Distribution 8.96866456%
(b) Principal Allocation Percentage 89.045542774%
3. Class B Principal
(a) Total Amount Paid / Deposited to the Principal Funding Account 0.00
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class B Investor Default Amount 1,597,345.15
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any, for the
Distribution Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-Offs
and other reductions 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal balance of
of the Class B Certificates exceeds the Class B Invested Amount as
of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business on the
Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at close of business on the Payment Date
0.00%
8. Available Collateral Invested Amount 38,235,600.00
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 last day of the
preceding Due Period 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
<PAGE>
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Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1994-1
************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 57.490651000
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 57.490651000
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR N/A
(b) Spread N/A
(c) Class A Certificate Rate N/A
2. Beginning Invested Amount N/A
3. Days in the Interest Period N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of Finance Charge & Administrative Receivables
1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class A Invested Percentage 85.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to Principal Funding Account N/A
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class A Investor Default Amount 43,720,441.24
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution Date(s)
with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A Investor
Charge-Offs 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal balance of
the Class A Certificates exceeds the Class A Invested Amount as of
the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution Date(s) with respect to
the Payment Date 20,000,000.04
8. Deficit Controlled Amortization Amount for such Payment Date 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 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
F. Class B Certificates (as reported for 12/16/96 Distribution)
1. Class B Invested Amount as of the end of the Payment Date 50,000,000.00
2. Available Collateral Invested Amount as of the end of the Payment Date
100,000,000.00
<PAGE>
************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1994-1
************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 60.500003200
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 60.500003200
B. Calculation of Class B Interest
1. Class B Certificate Coupon N/A
2. Beginning Class B Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of FC&A 1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class B Invested Percentage 5.00000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid / Deposited to the Principal Funding Account
N/A
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class B Investor Default Amount 2,571,790.67
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class B Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class B Investor Charge-Offs and other reductions, if any, for the
Distribution Date(s) with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class B Investor
Charge-Offs and other reductions 0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal balance of
of the Class B Certificates exceeds the Class B Invested Amount as
of the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business on the
Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at close of business on the Payment Date
0.00%
8. Available Collateral Invested Amount (as reported for 12/16/96
Distribution) 100,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 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 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
<PAGE>
************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1994-2
************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 70.000000000
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 70.000000000
B. Calculation of Class A Interest
1. Class A Certificate Coupon N/A
2. Beginning Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of Finance Charge & Administrative Receivables
1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to Principal Funding Account NA
(b) Total amount on deposit in Principal Funding Account NA
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class A Investor Default Amount 44,749,157.51
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution Date(s)
with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A Investor
Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal balance of
the Class A Certificates exceeds the Class A Invested Amount as of
the end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution Date(s) with respect to
the Payment Date 20,000,000.04
8. Deficit Controlled Amortization Amount for such Payment Date 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 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
F. Class B Certificates (as reported for 12/16/96 Distribution)
1. Class B Invested Amount as of the end of the Payment Date 40,000,000.00
2. Available Collateral Invested Amount as of the end of the Payment Date
90,000,000.00
<PAGE>
************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1994-2
************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 72.000000000
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 72.000000000
B. Calculation of Class B Interest
1. Class B Certificate Coupon N/A
2. Beginning Class B Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of FC&A 1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class B Invested Percentage 4.00000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid/Deposited to the Principal Funding Account N/A
(b) Total amount on deposit in Principal Funding Account N/A
4. Delinquent Balances (as reported for 12/16/96 Distribution)
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class B Investor Default Amount 2,057,432.53
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
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
the Class B Certificates exceeds the Class B Invested Amount as of
the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business on the
Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at close of business on the Payment Date
0.00%
8. Available Collateral Invested Amount 90,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day of the
preceding Due Period 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
<PAGE>
************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1995-1
************************************************************************
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 57.490651000
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 57.490651000
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR N/A
(b) Spread N/A
(c) Class A Certificate Rate N/A
2. Beginning Invested Amount N/A
3. Days in the Interest Period N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of Finance Charge & Administrative Receivables
1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class A Invested Percentage 87.0000000%
(b) Principal Allocation Percentage N/A
3. Class A Principal
(a) Total Amount Paid / Deposited to Principal Funding Account NA
(b) Total amount on deposit in Principal Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class A Investor Default Amount 26,849,494.52
<PAGE>
CLASS A CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
6. Class A Investor Charge-Offs;
Reimbursement of Charge-Offs.
(a) Class A Investor Charge-Offs, if any, for the Distribution Date(s)
with respect to the Payment Date 0.00
(b) The amount of Item 6(a) per $1,000 interest 0.00
(c) Total reimbursed to Trust in respect of Class A Investor
Charge-Offs
0.00
(d) The amount of Item 6(c) per $1,000 interest 0.00
(e) The amount, if any, by which the outstanding principal balance of
the Class A Certificates exceeds the Class A Invested Amount as of the
end of such Payment Date 0.00
7. Allocable Servicing Fee paid for the Distribution Date(s) with respect to
the Payment Date 12,000,000.00
8. Deficit Controlled Amortization Amount for such Payment Date 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 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
F. Class B Certificates
1. Class B Invested Amount as of the end of the Payment Date 24,000,000.00
2. Available Collateral Invested Amount as of the end of the Payment Date
54,000,000.00
<PAGE>
************************************************************************
Household Finance Corporation
Household Affinity Funding Corporation
Household Affinity Credit Card Master Trust I, Series 1995-1
************************************************************************
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
A. Information Regarding Distributions
1. Total distribution per $1,000 interest 77.000000000
2. Principal distribution per $1,000 interest 0.000000000
3. Interest distribution per $1,000 interest 77.000000000
B. Calculation of Class B Interest
1. Class B Certificate Coupon N/A
2. Beginning Class B Invested Amount N/A
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections 18,895,008,102.15
(b) Collections of FC&A 1,150,304,355.97
(c) Collections of Principal 17,744,703,746.18
2. Allocation of Receivables
(a) Class B Invested Percentage 4.00000000%
(b) Principal Allocation Percentage N/A
3. Class B Principal
(a) Total Amount Paid/Deposited to the Principal Funding Account NA
(b) Total amount on deposit in Principal Funding Account NA
4. Delinquent Balances
(a) 5 - 29 days -- ($) 255,235,741.01
(%) (Gross/Gross) 3.89%
(b) 30 - 59 days-- ($) 89,538,748.80
(%) (Gross/Gross) 1.37%
(c) 60+ days -- ($) 174,813,127.07
(%) (Gross/Gross) 2.67%
5. Class B Investor Default Amount 1,234,459.52
<PAGE>
CLASS B CERTIFICATEHOLDER'S STATEMENT Sum of 1/16/96 to 12/16/96
Distributions
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
the Class B Certificates exceeds the Class B Invested Amount as of
the end of such Payment Date 0.00
7. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at close of business on the
Payment Date 0.00
(b) Available Cash Collateral Amount as a percent of the Class B
Invested Amount, each at close of business on the Payment Date
0.00%
8. Available Collateral Invested Amount 54,000,000.00
9. Deficit Controlled Amortization Amount for such Payment Date 0.00
D. Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of close of business on the last day of the
preceding Due Period 6,465,154,399.55
2. Finance Charge and Administrative Receivables as of the close of business
on the last day of the preceding Due Period 92,714,400.06
