FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: June 15, 1999
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST I
---------------------------------------------
(Exact name of registrant as specified in Department of
the Treasury, Internal Revenue Service Form SS-4)
HOUSEHOLD FINANCE CORPORATION
-----------------------------
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)
Delaware 0-23942 Not Applicable
- --------------------------------------------------------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation of Number of
of Master Servicer) Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
- --------------------------------------------------------------
(Address of principal executive offices of (Zip Code)
Master Servicer)
Servicer's telephone number, including area code 847/564-5000
------------
Exhibit Index appears on page 4
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
--------
99(a) Statement to Certificateholders with respect to the distribution on
June 15, 1999 provided under Section 6 of the Series 1993-1
Supplement dated as of September 1, 1993 to the Amended and
Restated Pooling and Servicing Agreement dated as of September 1,
1993 among Household Affinity Funding Corporation, as Seller,
Household Finance Corporation, as Servicer, and The Bank of New
York, as Trustee (the "Amended and Restated Pooling and Servicing
Agreement"), with respect to Class A and Class B Credit Card
Participation Certificates, Series 1993-1.
99(b) Statement to Certificateholders with respect to the distribution on
June 15, 1999 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
June 15, 1999 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.
-2-
99(d) Statement to Certificateholders with respect to the distribution on
June 15, 1999 provided under Section 6 of the Series 1995-1
Supplement dated as of April 3, 1995 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1995-1.
99(e) Statement to Certificateholders with respect to the distribution on
June 15, 1999 provided under Section 6 of the Series 1997-1
Supplement dated as of March 1, 1997 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1997-1.
99(f) Statement to Certificateholders with respect to the distribution on
June 15, 1999 provided under Section 6 of the Series 1998-1
Supplement dated as of September 1, 1998 to the Amended and
Restated Pooling and Servicing Agreement, with respect to Class A
and Class B Credit Card Participation Certificates, Series 1998-1.
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 1994-1,
the Class A and Class B Credit Card Participation Certificates, Series 1995-
1, the Class A and Class B Credit Card Participation Certificates, Series
1997-1, and the Class A and Class B Credit Card Participation Certificates,
Series 1998-1 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: June 21, 1999 J. W. Blenke
------------------ Authorized Representative
-3-
99(d) Statement to Certificateholders with respect to the distribution on
June 15, 1999 provided under Section 6 of the Series 1995-1
Supplement dated as of April 3, 1995 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1995-1.
99(e) Statement to Certificateholders with respect to the distribution on
June 15, 1999 provided under Section 6 of the Series 1997-1
Supplement dated as of March 1, 1997 to the Amended and Restated
Pooling and Servicing Agreement, with respect to Class A and Class
B Credit Card Participation Certificates, Series 1997-1.
99(f) Statement to Certificateholders with respect to the distribution on
June 15, 1999 provided under Section 6 of the Series 1998-1
Supplement dated as of September 1, 1998 to the Amended and
Restated Pooling and Servicing Agreement, with respect to Class A
and Class B Credit Card Participation Certificates, Series 1998-1.
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 1994-1,
the Class A and Class B Credit Card Participation Certificates, Series 1995-
1, the Class A and Class B Credit Card Participation Certificates, Series
1997-1, and the Class A and Class B Credit Card Participation Certificates,
Series 1998-1 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:
----------------------------
Dated: June 21, 1999 J. W. Blenke
------------------ Authorized Representative
-3-
EXHIBIT INDEX
Exhibit
Number Exhibit Page
- ------ ------- ----
6
99(a) Statement to Certificateholders with respect to the
distribution on June 15, 1999 provided under Section 6 of
the Series 1993-1 Supplement dated as of September 1,
1993 to the Amended and Restated Pooling and Servicing
Agreement dated as of September 1, 1993 among Household
Affinity Funding Corporation, as Seller, Household
Finance Corporation, as Servicer, and The Bank of New
York, as Trustee (the "Amended and Restated Pooling and
Servicing Agreement"), with respect to Class A and Class
B Credit Card Participation Certificates, Series 1993-1.
16
99(b) Statement to Certificateholders with respect to the
distribution on June 15, 1999 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 June 15, 1999 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.
- 4 -
42
99(d) Statement to Certificateholders with respect to the
distribution on June 15, 1999 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.
56
99(e) Statement to Certificateholders with respect to the
distribution on June 15, 1999 provided under Section 6 of
the Series 1997-1 Supplement dated as of March 1, 1997 to
the Amended and Restated Pooling and Servicing Agreement,
with respect to Class A and Class B Credit Card
Participation Certificates, Series 1997-1.
66
99(f) Statement to Certificateholders with respect to the
distribution on June 15, 1999 provided under Section 6 of
the Series 1998-1 Supplement dated as of September 1,
1998 to the Amended and Restated Pooling and Servicing
Agreement, with respect to Class A and Class B Credit
Card Participation Certificates, Series 1998-1.
-5-
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1993-2
The undersigned, a duly authorized
representative of Household Finance
Corporation, as
Servicer (the "Servicer"), pursuant to the
Amended and Restated Pooling and Servicing
Agreement, dated as of August 1, 1993 (the
"Pooling and Servicing Agreement"), by and
among
Household Affinity Funding Corporation, as
Transferor, the Servicer, and The Bank of New
York,
as Trustee, does hereby certify with respect
to the information set forth below as follows:
1.Capitalized terms used in this Certificate
shall have the respective
meanings set forth in the Pooling and
Servicing Agreement.
2.Household Finance Corporation is, as of the
date hereof, the Servicer
under the Pooling and Servicing Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution
Date occurring on June 15, 1999.
5.Trust Information.
(a)The aggregate amount of Collections
processed for the Due Period
preceding such Distribution Date was equal to $1,961,313,034.31
.
(b)The aggregate amount of such Collections
with respect to Principal
Receivables for the Due Period preceding such
Distribution Date was
equal to . $1,843,361,812.30
(i)The payment rate, [ ( (b) + (c)(ii) + 29.898%
(c)(iii) ) / (f) ], is
(c)The aggregate amount of such Collections
with respect to Finance Charge
and Administrative Receivables and the
Defaulted Amount for the Due Period preceding
such Distribution Date was equal to . $117,951,222.01
(i)The gross cash yield, [ 21.485%
((ii)+(iii)+(iv)+(v)) * 12 / (f) ], is
(ii)The amount of such aggregate with respect $74,010,096.63
to Finance Charge was equal to
(iii)The amount of such aggregate with respect $14,591,651.24
to Fees was equal to .
(iv)The amount of such aggregate with respect $26,697,009.14
to Interchange was equal to
(v)The amount of such aggregate with respect $397,870.00
to Other Recoveries was equal to
(vi)The amount of such aggregate with respect $2,254,595.00
to Principal Recoveries was equal to
(d)The Gross Defaulted Amount for the $37,273,325.75
preceding Due Period is .
(i)The annualized default rate, (d) *12 / (f), 6.92%
is
(ii)The annualized net default rate, [(d)- 6.50%
(c)(vi)] *12 / (f), is
(e)The Portfolio Yield for such Distribution 14.98%
Date .
(f)The total amount of Principal Receivables
in the Trust at the beginning
of the preceding Due Period is equal to . $6,461,850,453.66
(g)The total amount of Principal Receivables
as of the last day of the
immediately preceding Due Period is . $6,447,051,275.34
(h)The average amount of Principal Receivables
in the Trust during the
preceding Due Period (the sum of the amounts
in clause (f) and the
amount in clause (g) divided by 2) is equal to $6,454,450,864.50
.
(i)The total amount of Finance Charge and
Administrative Receivables in the
Trust as of the last day of the immediately $100,256,133.53
preceding Due Period is .
(j)The aggregate outstanding gross balance of
the Accounts which were
one payment (5-29 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $189,746,849.75
Distribution Date was equal to
(k)The aggregate outstanding gross balance of
the Accounts which were
two payments (30-59 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $71,743,275.62
Distribution Date was equal to
(l)The aggregate outstanding gross balance of
the Accounts which were
three or more payments (60+ days) delinquent
as of the close of business on the last
day of the calendar month preceding such $176,118,296.39
Distribution Date was equal to
(m)The aggregate amount of Trust Excess
Principal Collections for such
Distribution Date is $1,526,927,505.06
(n)The aggregate amount of Principal $0.00
Shortfalls for such Distribution Date is
6.Group One Information
(a)The Average Rate for Group One (the
weighted average Certificate Rate
reduced to take into account any payments made
pursuant to interest
rate agreements, if any ) is equal to 5.413%
(b)Group One Total Investor Collections is $550,452,428.22
equal to .
(c)Group One Investor Principal Collections is $521,284,138.68
equal to .
(d)Group One Investor Finance Charge and $29,168,289.55
Administrative Collections is equal to .
(e)Group One Investor Additional Amounts is $0.00
equal to .
(f)Group One Investor Default Amount is equal $9,217,362.39
to .
(g)Group One Investor Monthly Fees is equal to $2,663,263.70
(h)Group One Investor Monthly Interest is $6,552,590.04
equal to .
7.Series 1993-2 Information
(a)The Series Adjusted Portfolio Yield for the
Due Period preceding such
Distribution Date was equal to 15.687%
(b)The Series 1993-2 Allocation Percentage
with respect to the Due
Period preceding such Distribution Date was 10.14%
equal to .
(c)The Floating Allocation Percentage for the
Due Period preceding such
Distribution Date was equal to . 89.74%
(d)The aggregate amount of Reallocated Finance
Charge and
Administrative Collections for the Due Period
preceding
such Distribution Date is equal to . $11,082,867.50
(e)The Floating Allocation Percentage of
Series Allocable Finance
Charge and Administrative Collections for the
Due Period preceding
such Distribution Date is equal to $10,737,350.78
(f)Class A Invested Amount $500,000,000.00
(g)The Class A Invested Percentage with
respect to the Due Period
preceding such Distribution Date was equal to 85.000%
.
(h)The Class A Invested Percentage of the
amount set forth in Item 7(d)
above was equal to $9,420,426.07
(i)The amount of Class A Monthly Interest for
such Distribution Date is
equal to. $2,333,333.33
(j)The amount of any Class A Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to .
(k)The amount of Class A Additional Interest
for such Distribution Date
is equal to $0.00
(l)The amount of any Class A Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(m)The Class A Investor Default Amount for
such Distribution Date is
equal to . $2,884,106.19
(n)The Allocable Servicing Fee for such $980,393.33
Distribution Date is equal to.
(o)The Class A Required Amount, if any, with
respect to such
Distribution Date is equal to $0.00
(p)Class B Invested Amount . $29,412,000.00
(q)The Class B Invested Percentage for the Due
Period preceding such
Distribution Date was equal to 5.000%
(r)The Class B Invested Percentage of the
amount set forth in Item 7(d)
above is equal to. $554,147.14
(s)The amount of Class B Monthly Interest for
such Distribution Date is
equal to. $144,609.00
(t)The amount of any Class B Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(u)The amount of Class B Additional Interest
for such Distribution Date
is equal to. $0.00
(v)The amount of any Class B Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to.
(w)Class B Investor Default Amount for such
Distribution Date is equal
to $169,654.66
(x)The Collateral Invested Percentage of the
amount set forth in Item 7(d)
above is equal to $1,108,294.29
(y)The Series 1993-2 Principal Shortfall for
such Distribution Date is
equal to. $0.00
(z)The Series 1993-2 Excess Principal $0.00
Collections is equal to.
(aa)The amount of Excess Finance Charge and
Administrative Collections
with respect to such Distribution Date is $4,460,729.78
equal to
(bb)The amount of Excess Finance Charge and
Administrative Collections
referred to in Item 7(aa) will be available to
be distributed on such
Distribution Date to fund or reimburse the
following items:
(i)to fund the Class A Required Amount, if
any, with
respect to such Distribution Date. $0.00
(ii)to reimburse Class A Investor Charge-Offs. $0.00
(iii)to pay current or overdue Class B Monthly
Interest,
Class B Additional Interest or the Cumulative
Excess Interest Amount $0.00
(iv)to fund the Class B Investor Default
Amount with
respect to such Distribution Date $169,654.66
(v)to reimburse certain previous reductions in
the Class B
Invested Amount $0.00
(vi)to pay any portion of the Allocable
Servicing Fee not
paid pursuant to clause (i) above. $0.00
(vii)to fund the Collateral Investor Default
Amount with
respect to such Distribution Date $339,309.32
(viii)to reimburse certain previous reductions
in the Collateral
Invested Amount $0.00
(ix)to make any required deposit in the Cash $0.00
Collateral Account
(cc)The amount of Subordinated Principal
Collections with respect to such
Distribution Date is equal to. $25,170,943.53
(dd)The Principal Allocation Percentage is 89.74%
equal to .
(ee)The total amount to be distributed to
Class A Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(ff)The total amount to be distributed to
Class B Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(gg)The amount of Class A Investor Charge-Offs
for such Distribution
Date is equal to. $0.00
(hh)The total amount of reimbursements of
Class A Investor Charge-Offs
for such Distribution Date is equal to $0.00
(ii)The amount of Class B Investor Charge-Offs
and other reductions in
the Class B Invested Amount for such $0.00
Distribution Date is equal to
(jj)The total amount of reimbursements of
Class B Investor Charge-Offs
for such Distribution Date is equal to $0.00
(kk)The Class A Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to. $500,000,000.00
(ll)The Class B Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to $29,412,000.00
(mm)The Available Collateral Amount as of the
close of business on the
preceding Distribution Date (after giving
effect to any withdrawal
from the Collateral Account) was equal to. $58,824,000.00
(nn)The Required Collateral Amount as of the
close of business on such
Distribution Date, after giving effect to any
withdrawal from the
Collateral Account and payments to the
Collateral Interest Holder on
such Distribution Date, will be equal to. $58,824,000.00
(oo)The ratio of the Required Collateral
Amount to the Class B Invested Amount
as of the close of business on such
Distribution Date, after giving effect
to any withdrawal from the Collateral Account
and payments to the
Collateral Interest Holder on such 200.000%
Distribution Date, will be equal to
(pp)The Cumulative Excess Interest Amount as
of the close of business on
such Distribution Date, after giving effect to
any payments of interest
to Class B Certificateholders on such $0.00
Distribution Date, will be equal to .
8.Total amount to be on deposit in the
Collection Account (after giving effect to
allocations required to be made pursuant to
the terms of all other Series now
outstanding and to the payment of the
Servicer's fee and funding of investor default
amounts) prior to making distributions on such $6,709,404.00
Distribution Dates is equal to .
9.The total amount to be allocated according
to the terms of the Collateral
Agreement on such Distribution Date is equal $4,231,461.67
to
10.Total amount to be distributed from the
Collection Account to the
Servicer in respect of the unpaid Allocable
Servicing Fee for the
preceding Due Period on such Distribution Date
(after taking into
consideration the amounts which have been
netted with respect to this
Series against deposits to the Collection $0.00
Account) is equal to.
11.As of the date hereof, to the best
knowledge of the undersigned, the Servicer
has performed in all material respects all its
obligations under the Pooling
and Servicing Agreement through the Due Period
preceding such
Distribution Date or, if there has been a
default in the performance of
any such obligation, set forth in detail the
(i) nature of such default,
(ii) the action taken by the Transferor and
Servicer, if any, to remedy such default
and (iii) the current status of each such None
default; if applicable, insert "None".
12.As of the date hereof, to the best
knowledge of the undersigned, no
Amortization Event has been deemed to have
occurred on or prior to
such Distribution Date.
13.As of the date hereof, to the best
knowledge of the undersigned, no
Lien has been placed on any of the Receivables
other than pursuant to
the Pooling and Servicing Agreement (or, if
there is a Lien, such Lien
consists of
:____________________________________________)
.
14.The amounts specified to be deposited into
and withdrawn from the
Collection Account, as well as the amounts
specified to be paid to the
Transferor, the Servicer, the Interest Holder
and the Certificateholders
are all in accordance with the requirements of
the Pooling and
Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly
executed and delivered this
Certificate this 15th day of June, 1999.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer
Household Finance Corporation
Household Affinity Funding Corp. May 1999
Household Affinity Credit Card Master Trust I Jun 15, 1999
, Series 1993-2
CLASS A CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $4.666666660
2. Principal distribution per $1,000 interest $0.000000000
3. Interest distribution per $1,000 interest $4.666666660
B. Calculation of Class A Interest
1. Class A Coupon 5.60000000%
2. Beginning Principal Amount $500,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class A Invested Percentage 85.000%
(b) Principal Allocation Percentage 89.744%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class A Investor Default Amount $2,884,106.19
5. Class A Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class A Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class A Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the class A
Invested Amount as of
the end of the Distribution Date $0.00
6. Allocable Servicing Fee paid for the $980,393.33
Distribution Date
7. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class A Pool Factor 1.0000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
F. Class B Certificates
1. Class B Invested Amount as of the end of $29,412,000.00
the Distribution Date
2. Available Collateral Amount as of the end $58,824,000.00
of the Distribution Date
Household Finance Corporation
Household Affinity Funding Corp. May 1999
Household Affinity Credit Card Master Trust I Jun 15, 1999
, Series 1993-2
CLASS B CERTIFICATEHOLDER'S STATEMENT
1. Total distribution per $1,000 interest $4.9166667
2. Principal distribution per $1,000 interest $0.0000000
3. Interest distribution per $1,000 interest $4.9166667
B. Calculation of Class B Interest
1. Class B Coupon 5.90000000%
2. Beginning Invested Amount $29,412,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class B Invested Percentage 5.000%
(b) Principal Allocation Percentage 89.744%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class B Investor Default Amount $169,654.66
5. Class B Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class B Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class B Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the $0.00
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount as of
the end of the Distribution Date
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the $0.00
end of the Distribution Date
(b) Available Cash Collateral Amount as a 0.00%
percent of the Class B
Invested Amount, each at the end of the
Distribution Date
7. Available Collateral Amount $58,824,000.00
8. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class B Pool Factor $1.00000000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1994-1
The undersigned, a duly authorized
representative of Household Finance
Corporation, as
Servicer (the "Servicer"), pursuant to the
Amended and Restated Pooling and Servicing
Agreement, dated as of August 1, 1993 (the
"Pooling and Servicing Agreement"), by and
among
Household Affinity Funding Corporation, as
Transferor, the Servicer, and The Bank of New
York,
as Trustee, does hereby certify with respect
to the information set forth below as follows:
1.Capitalized terms used in this Certificate
shall have the respective
meanings set forth in the Pooling and
Servicing Agreement.
2.Household Finance Corporation is, as of the
date hereof, the Servicer
under the Pooling and Servicing Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution
Date occurring on June 15, 1999.
5.Trust Information.
(a)The aggregate amount of Collections
processed for the Due Period
preceding such Distribution Date was equal to $1,961,313,034.31
.
(b)The aggregate amount of such Collections
with respect to Principal
Receivables for the Due Period preceding such
Distribution Date was
equal to . $1,843,361,812.30
(i)The payment rate, [ ( (b) + (c)(ii) + 29.90%
(c)(iii) ) / (f) ], is
(c)The aggregate amount of such Collections
with respect to Finance Charge
and Administrative Receivables and the
Defaulted Amount for the Due Period preceding
such Distribution Date was equal to . $117,951,222.01
(i)The gross cash yield, [ 21.49%
((ii)+(iii)+(iv)+(v)) * 12 / (f) ], is
(ii)The amount of such aggregate with respect $74,010,096.63
to Finance Charge was equal to
(iii)The amount of such aggregate with respect $14,591,651.24
to Fees was equal to .
(iv)The amount of such aggregate with respect $26,697,009.14
to Interchange was equal to
(v)The amount of such aggregate with respect $397,870.00
to Other Recoveries was equal to
(vi)The amount of such aggregate with respect $2,254,595.00
to Principal Recoveries was equal to
(d)The Gross Defaulted Amount for the $37,273,325.75
preceding Due Period is .
(i)The annualized default rate, (d) *12 / (f), 6.92%
is
(ii)The annualized net default rate, [(d)- 6.50%
(c)(vi)] *12 / (f), is
(e)The Portfolio Yield for such Distribution 14.98%
Date .
(f)The total amount of Principal Receivables
in the Trust at the beginning
of the preceding Due Period is equal to . $6,461,850,453.66
(g)The total amount of Principal Receivables
as of the last day of the
immediately preceding Due Period is . $6,447,051,275.34
(h)The average amount of Principal Receivables
in the Trust during the
preceding Due Period (the sum of the amounts
in clause (f) and the
amount in clause (g) divided by 2) is equal to $6,454,450,864.50
.
(i)The total amount of Finance Charge and
Administrative Receivables in the
Trust as of the last day of the immediately $100,256,133.53
preceding Due Period is .
(j)The aggregate outstanding gross balance of
the Accounts which were
one payment (5-29 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $189,746,849.75
Distribution Date was equal to
(k)The aggregate outstanding gross balance of
the Accounts which were
two payments (30-59 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $71,743,275.62
Distribution Date was equal to
(l)The aggregate outstanding gross balance of
the Accounts which were
three or more payments (60+ days) delinquent
as of the close of business on the last
day of the calendar month preceding such $176,118,296.39
Distribution Date was equal to
(m)The aggregate amount of Trust Excess
Principal Collections for such
Distribution Date is $1,526,927,505.06
(n)The aggregate amount of Principal $0.00
Shortfalls for such Distribution Date is
6.Group One Information
(a)The Average Rate for Group One (the
weighted average Certificate Rate
reduced to take into account any payments made
pursuant to interest
rate agreements, if any ) is equal to 5.41%
(b)Group One Total Investor Collections is $550,452,428.22
equal to .
(c)Group One Investor Principal Collections is $521,284,138.68
equal to .
(d)Group One Investor Finance Charge and $29,168,289.55
Administrative Collections is equal to .
(e)Group One Investor Additional Amounts is $0.00
equal to .
(f)Group One Investor Default Amount is equal $9,217,362.39
to .
(g)Group One Investor Monthly Fees is equal to $2,663,263.70
(h)Group One Investor Monthly Interest is $6,552,590.04
equal to .
7.Series 1994-1 Information
(a)The Series Adjusted Portfolio Yield for the
Due Period preceding such
Distribution Date was equal to 13.75%
(b)The Series 1994-1 Allocation Percentage
with respect to the Due
Period preceding such Distribution Date was 11.14%
equal to .
(c)The Floating Allocation Percentage for the
Due Period preceding such
Distribution Date was equal to . 56.93%
(d)The aggregate amount of Reallocated Finance
Charge and
Administrative Collections for the Due Period
preceding
such Distribution Date is equal to . $7,058,363.34
(e)The Floating Allocation Percentage of
Series Allocable Finance
Charge and Administrative Collections for the
Due Period preceding
such Distribution Date is equal to $7,478,854.11
(f)Class A Invested Amount $212,500,000.00
(g)The Class A Invested Percentage with
respect to the Due Period
preceding such Distribution Date was equal to 77.80%
.
(h)The Class A Invested Percentage of the
amount set forth in Item 7(d)
above was equal to $5,491,167.42
(i)The amount of Class A Monthly Interest for
such Distribution Date is
equal to. $864,889.76
(j)The amount of any Class A Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to .
(k)The amount of Class A Additional Interest
for such Distribution Date
is equal to $0.00
(l)The amount of any Class A Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(m)The Class A Investor Default Amount for
such Distribution Date is
equal to . $1,838,617.69
(n)The Allocable Servicing Fee for such $682,870.37
Distribution Date is equal to.
(o)The Class A Required Amount, if any, with
respect to such
Distribution Date is equal to $0.00
(p)Class B Invested Amount . $50,000,000.00
(q)The Class B Invested Percentage for the Due
Period preceding such
Distribution Date was equal to 12.20%
(r)The Class B Invested Percentage of the
amount set forth in Item 7(d)
above is equal to. $861,359.59
(s)The amount of Class B Monthly Interest for
such Distribution Date is
equal to. $252,083.33
(t)The amount of any Class B Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(u)The amount of Class B Additional Interest
for such Distribution Date
is equal to. $0.00
(v)The amount of any Class B Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to.
(w)Class B Investor Default Amount for such
Distribution Date is equal
to $288,410.62
(x)The Collateral Invested Percentage of the
amount set forth in Item 7(d)
above is equal to $705,836.33
(y)The Series 1994-1 Principal Shortfall for
such Distribution Date is
equal to. $0.00
(z)The Series 1994-1 Excess Principal $0.00
Collections is equal to.
(aa)The amount of Excess Finance Charge and
Administrative Collections
with respect to such Distribution Date is $3,277,258.44
equal to
(bb)The amount of Excess Finance Charge and
Administrative Collections
referred to in Item 7(aa) will be available to
be distributed on such
Distribution Date to fund or reimburse the
following items:
(i)to fund the Class A Required Amount, if
any, with
respect to such Distribution Date. $0.00
(ii)to reimburse Class A Investor Charge-Offs. $0.00
(iii)to pay current or overdue Class B Monthly
Interest,
Class B Additional Interest or the Cumulative
Excess Interest Amount $0.00
(iv)to fund the Class B Investor Default
Amount with
respect to such Distribution Date $288,410.62
(v)to reimburse certain previous reductions in
the Class B
Invested Amount $0.00
(vi)to pay any portion of the Allocable
Servicing Fee not
paid pursuant to clause (i) above. $0.00
(vii)to fund the Collateral Investor Default
Amount with
respect to such Distribution Date $236,336.48
(viii)to reimburse certain previous reductions
in the Collateral
Invested Amount $0.00
(ix)to make any required deposit in the Cash $0.00
Collateral Account
(cc)The amount of Subordinated Principal
Collections with respect to such
Distribution Date is equal to. $40,480,763.58
(dd)The Principal Allocation Percentage is 88.81%
equal to .
(ee)The total amount to be distributed to
Class A Certificateholders on
such Distribution Date in payment of principal $106,250,000.00
is equal to
(ff)The total amount to be distributed to
Class B Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(gg)The amount of Class A Investor Charge-Offs
for such Distribution
Date is equal to. $0.00
(hh)The total amount of reimbursements of
Class A Investor Charge-Offs
for such Distribution Date is equal to $0.00
(ii)The amount of Class B Investor Charge-Offs
and other reductions in
the Class B Invested Amount for such $0.00
Distribution Date is equal to
(jj)The total amount of reimbursements of
Class B Investor Charge-Offs
for such Distribution Date is equal to $0.00
(kk)The Class A Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to. $106,250,000.00
(ll)The Class B Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to $50,000,000.00
(mm)The Available Collateral Amount as of the
close of business on the
preceding Distribution Date (after giving
effect to any withdrawal
from the Collateral Account) was equal to. $30,000,000.00
(nn)The Required Collateral Amount as of the
close of business on such
Distribution Date, after giving effect to any
withdrawal from the
Collateral Account and payments to the
Collateral Interest Holder on
such Distribution Date, will be equal to. $30,000,000.00
(oo)The ratio of the Required Collateral
Amount to the Class B Invested Amount
as of the close of business on such
Distribution Date, after giving effect
to any withdrawal from the Collateral Account
and payments to the
Collateral Interest Holder on such 60.00%
Distribution Date, will be equal to
(pp)The Cumulative Excess Interest Amount as
of the close of business on
such Distribution Date, after giving effect to
any payments of interest
to Class B Certificateholders on such $0.00
Distribution Date, will be equal to .
8.Total amount to be on deposit in the
Collection Account (after giving effect to
allocations required to be made pursuant to
the terms of all other Series now
outstanding and to the payment of the
Servicer's fee and funding of investor default
amounts) prior to making distributions on such $110,262,128.18
Distribution Dates is equal to .
9.The total amount to be allocated according
to the terms of the Collateral
Agreement on such Distribution Date is equal $2,895,155.09
to
10.Total amount to be distributed from the
Collection Account to the
Servicer in respect of the unpaid Allocable
Servicing Fee for the
preceding Due Period on such Distribution Date
(after taking into
consideration the amounts which have been
netted with respect to this
Series against deposits to the Collection $0.00
Account) is equal to.
11.As of the date hereof, to the best
knowledge of the undersigned, the Servicer
has performed in all material respects all its
obligations under the Pooling
and Servicing Agreement through the Due Period
preceding such
Distribution Date or, if there has been a
default in the performance of
any such obligation, set forth in detail the
(i) nature of such default,
(ii) the action taken by the Transferor and
Servicer, if any, to remedy such default
and (iii) the current status of each such None
default; if applicable, insert "None".
12.As of the date hereof, to the best
knowledge of the undersigned, no
Amortization Event has been deemed to have
occurred on or prior to
such Distribution Date.
13.As of the date hereof, to the best
knowledge of the undersigned, no
Lien has been placed on any of the Receivables
other than pursuant to
the Pooling and Servicing Agreement (or, if
there is a Lien, such Lien
consists of $0.00
:____________________________________________)
.
14.The amounts specified to be deposited into
and withdrawn from the
Collection Account, as well as the amounts
specified to be paid to the
Transferor, the Servicer, the Interest Holder
and the Certificateholders
are all in accordance with the requirements of
the Pooling and
Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly
executed and delivered this
Certificate this 15th day of June, 1999.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer
Household Finance Corporation
Household Affinity Funding Corp. May 1999
Household Affinity Credit Card Master Trust I Jun 15, 1999
, Series 1994-1
CLASS A CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $126.0175174
2. Principal distribution per $1,000 interest $125.0000000
3. Interest distribution per $1,000 interest $1.0175174
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 4.902500000%
(b) Spread 0.150000000%
(c) Class A Certificate Rate 5.052500000%
2. Beginning Principal Amount $212,500,000.00
3. Days in Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class A Invested Percentage 77.80%
(b) Principal Allocation Percentage 88.81%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class A Investor Default Amount $1,838,617.69
5. Class A Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class A Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class A Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the class A
Invested Amount as of
the end of the Distribution Date $0.00
6. Allocable Servicing Fee paid for the $682,870.37
Distribution Date
7. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class A Pool Factor 0.1250
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative
Receivables as of the last day
of the preceding Due Period $100,256,133.53
F.Class B Certificates
1. Class B Invested Amount as of the end of $50,000,000.00
the Distribution Date
2. Available Collateral Amount as of the end $30,000,000.00
of the Distribution Date
Household Finance Corporation
Household Affinity Funding Corp. May 1999
Household Affinity Credit Card Master Trust I Jun 15, 1999
, Series 1994-1
CLASS B CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $5.041666600
2. Principal distribution per $1,000 interest $0.000000000
3. Interest distribution per $1,000 interest $5.041666600
B. Calculation of Class B Interest
1. Class B Coupon 6.0500000%
2. Beginning Invested Amount $50,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class B Invested Percentage 12.203%
(b) Principal Allocation Percentage 88.81%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class B Investor Default Amount $288,410.62
5. Class B Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class B Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class B Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount as of
the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the $0.00
end of the Distribution Date
(b) Available Cash Collateral Amount as a 0.000%
percent of the Class B
Invested Amount, each at the end of the
Distribution Date
7. Available Collateral Amount $30,000,000.00
8. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class B Pool Factor 1.00
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1995-1
The undersigned, a duly authorized
representative of Household Finance
Corporation, as
Servicer (the "Servicer"), pursuant to the
Amended and Restated Pooling and Servicing
Agreement, dated as of August 1, 1993 (the
"Pooling and Servicing Agreement"), by and
among
Household Affinity Funding Corporation, as
Transferor, the Servicer, and The Bank of New
York,
as Trustee, does hereby certify with respect
to the information set forth below as follows:
1.Capitalized terms used in this Certificate
shall have the respective
meanings set forth in the Pooling and
Servicing Agreement.
2.Household Finance Corporation is, as of the
date hereof, the Servicer
under the Pooling and Servicing Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution
Date occurring on June 15, 1999.
5.Trust Information.
(a)The aggregate amount of Collections
processed for the Due Period
preceding such Distribution Date was equal to $1,961,313,034.31
.
(b)The aggregate amount of such Collections
with respect to Principal
Receivables for the Due Period preceding such
Distribution Date was
equal to . $1,843,361,812.30
(i)The payment rate, [ ( (b) + (c)(ii) + 29.898%
(c)(iii) ) / (f) ], is
(c)The aggregate amount of such Collections
with respect to Finance Charge
and Administrative Receivables and the
Defaulted Amount for the Due Period preceding
such Distribution Date was equal to . $117,951,222.01
(i)The gross cash yield, [ 21.485%
((ii)+(iii)+(iv)+(v)) * 12 / (f) ], is
(ii)The amount of such aggregate with respect $74,010,096.63
to Finance Charge was equal to
(iii)The amount of such aggregate with respect $14,591,651.24
to Fees was equal to .
(iv)The amount of such aggregate with respect $26,697,009.14
to Interchange was equal to
(v)The amount of such aggregate with respect $397,870.00
to Other Recoveries was equal to
(vi)The amount of such aggregate with respect $2,254,595.00
to Principal Recoveries was equal to
(d)The Gross Defaulted Amount for the $37,273,325.75
preceding Due Period is .
(i)The annualized default rate, (d) *12 / (f), 6.922%
is
(ii)The annualized net default rate, [(d)- 6.503%
(c)(vi)] *12 / (f), is
(e)The Portfolio Yield for such Distribution 14.982%
Date .
(f)The total amount of Principal Receivables
in the Trust at the beginning
of the preceding Due Period is equal to . $6,461,850,453.66
(g)The total amount of Principal Receivables
as of the last day of the
immediately preceding Due Period is . $6,447,051,275.34
(h)The average amount of Principal Receivables
in the Trust during the
preceding Due Period (the sum of the amounts
in clause (f) and the
amount in clause (g) divided by 2) is equal to $6,454,450,864.50
.
(i)The total amount of Finance Charge and
Administrative Receivables in the
Trust as of the last day of the immediately $100,256,133.53
preceding Due Period is .
(j)The aggregate outstanding gross balance of
the Accounts which were
one payment (5-29 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $189,746,849.75
Distribution Date was equal to
(k)The aggregate outstanding gross balance of
the Accounts which were
two payments (30-59 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $71,743,275.62
Distribution Date was equal to
(l)The aggregate outstanding gross balance of
the Accounts which were
three or more payments (60+ days) delinquent
as of the close of business on the last
day of the calendar month preceding such $176,118,296.39
Distribution Date was equal to
(m)The aggregate amount of Trust Excess
Principal Collections for such
Distribution Date is $1,526,927,505.06
(n)The aggregate amount of Principal $0.00
Shortfalls for such Distribution Date is
6.Group One Information
(a)The Average Rate for Group One (the
weighted average Certificate Rate
reduced to take into account any payments made
pursuant to interest
rate agreements, if any ) is equal to 5.413%
(b)Group One Total Investor Collections is $550,452,428.22
equal to .
(c)Group One Investor Principal Collections is $521,284,138.68
equal to .
(d)Group One Investor Finance Charge and $29,168,289.55
Administrative Collections is equal to .
(e)Group One Investor Additional Amounts is $0.00
equal to .
(f)Group One Investor Default Amount is equal $9,217,362.39
to .
(g)Group One Investor Monthly Fees is equal to $2,663,263.70
(h)Group One Investor Monthly Interest is $6,552,590.04
equal to .
7.Series 1995-1 Information
(a)The Series Adjusted Portfolio Yield for the
Due Period preceding such
Distribution Date was equal to 15.13%
(b)The Series 1995-1 Allocation Percentage
with respect to the Due
Period preceding such Distribution Date was 10.35%
equal to .
(c)The Floating Allocation Percentage for the
Due Period preceding such
Distribution Date was equal to . 89.74%
(d)The aggregate amount of Reallocated Finance
Charge and
Administrative Collections for the Due Period
preceding
such Distribution Date is equal to . $11,027,058.70
(e)The Floating Allocation Percentage of
Series Allocable Finance
Charge and Administrative Collections for the
Due Period preceding
such Distribution Date is equal to $10,952,084.66
(f)Class A Invested Amount $522,000,000.00
(g)The Class A Invested Percentage with
respect to the Due Period
preceding such Distribution Date was equal to 87.000%
.
(h)The Class A Invested Percentage of the
amount set forth in Item 7(d)
above was equal to $9,593,541.07
(i)The amount of Class A Monthly Interest for
such Distribution Date is
equal to. $2,124,576.25
(j)The amount of any Class A Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to .
(k)The amount of Class A Additional Interest
for such Distribution Date
is equal to $0.00
(l)The amount of any Class A Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(m)The Class A Investor Default Amount for
such Distribution Date is
equal to . $3,011,006.86
(n)The Allocable Servicing Fee for such $1,000,000.00
Distribution Date is equal to.
(o)The Class A Required Amount, if any, with
respect to such
Distribution Date is equal to $0.00
(p)Class B Invested Amount . $24,000,000.00
(q)The Class B Invested Percentage for the Due
Period preceding such
Distribution Date was equal to 4.000%
(r)The Class B Invested Percentage of the
amount set forth in Item 7(d)
above is equal to. $441,082.35
(s)The amount of Class B Monthly Interest for
such Distribution Date is
equal to. $154,000.00
(t)The amount of any Class B Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(u)The amount of Class B Additional Interest
for such Distribution Date
is equal to. $0.00
(v)The amount of any Class B Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to.
(w)Class B Investor Default Amount for such
Distribution Date is equal
to $138,437.10
(x)The Collateral Invested Percentage of the
amount set forth in Item 7(d)
above is equal to $992,435.28
(y)The Series 1995-1 Principal Shortfall for
such Distribution Date is
equal to. $0.00
(z)The Series 1995-1 Excess Principal $0.00
Collections is equal to.
(aa)The amount of Excess Finance Charge and
Administrative Collections
with respect to such Distribution Date is $4,737,475.59
equal to
(bb)The amount of Excess Finance Charge and
Administrative Collections
referred to in Item 7(aa) will be available to
be distributed on such
Distribution Date to fund or reimburse the
following items:
(i)to fund the Class A Required Amount, if
any, with
respect to such Distribution Date. $0.00
(ii)to reimburse Class A Investor Charge-Offs. $0.00
(iii)to pay current or overdue Class B Monthly
Interest,
Class B Additional Interest or the Cumulative
Excess Interest Amount $0.00
(iv)to fund the Class B Investor Default
Amount with
respect to such Distribution Date $138,437.10
(v)to reimburse certain previous reductions in
the Class B
Invested Amount $0.00
(vi)to pay the Collateral Monthly Interest for
such Distribution
Date equal to $256,758.75
(vii)to pay any portion of the Allocable
Servicing Fee not
paid pursuant to clause (i) above. $0.00
(viii)to fund the Collateral Investor Default
Amount with
respect to such Distribution Date $311,483.47
(ix)to reimburse certain previous reductions
in the Collateral
Invested Amount $0.00
(x)to make any required deposit in the Cash $0.00
Collateral Account
(cc)The amount of Subordinated Principal
Collections with respect to such
Distribution Date is equal to. $22,250,936.07
(dd)The Principal Allocation Percentage is 89.74%
equal to .
(ee)The total amount to be distributed to
Class A Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(ff)The total amount to be distributed to
Class B Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(gg)The amount of Class A Investor Charge-Offs
for such Distribution
Date is equal to. $0.00
(hh)The total amount of reimbursements of
Class A Investor Charge-Offs
for such Distribution Date is equal to $0.00
(ii)The amount of Class B Investor Charge-Offs
and other reductions in
the Class B Invested Amount for such $0.00
Distribution Date is equal to
(jj)The total amount of reimbursements of
Class B Investor Charge-Offs
for such Distribution Date is equal to $0.00
(kk)The Class A Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to. $522,000,000.00
(ll)The Class B Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to $24,000,000.00
(mm)The Available Collateral Amount as of the
close of business on the
preceding Distribution Date (after giving
effect to any withdrawal
from the Collateral Account) was equal to. $54,000,000.00
(nn)The Required Collateral Amount as of the
close of business on such
Distribution Date, after giving effect to any
withdrawal from the
Collateral Account and payments to the
Collateral Interest Holder on
such Distribution Date, will be equal to. $54,000,000.00
(oo)The ratio of the Required Collateral
Amount to the Class B Invested Amount
as of the close of business on such
Distribution Date, after giving effect
to any withdrawal from the Collateral Account
and payments to the
Collateral Interest Holder on such 225.000%
Distribution Date, will be equal to
(pp)The Cumulative Excess Interest Amount as
of the close of business on
such Distribution Date, after giving effect to
any payments of interest
to Class B Certificateholders on such $0.00
Distribution Date, will be equal to .
8.Total amount to be on deposit in the
Collection Account (after giving effect to
allocations required to be made pursuant to
the terms of all other Series now
outstanding and to the payment of the
Servicer's fee and funding of investor default
amounts) prior to making distributions on such $6,566,131.27
Distribution Dates is equal to .
9.The total amount to be allocated according
to the terms of the Collateral
Agreement on such Distribution Date is equal $4,287,555.02
to
10.Total amount to be distributed from the
Collection Account to the
Servicer in respect of the unpaid Allocable
Servicing Fee for the
preceding Due Period on such Distribution Date
(after taking into
consideration the amounts which have been
netted with respect to this
Series against deposits to the Collection $0.00
Account) is equal to.
11.As of the date hereof, to the best
knowledge of the undersigned, the Servicer
has performed in all material respects all its
obligations under the Pooling
and Servicing Agreement through the Due Period
preceding such
Distribution Date or, if there has been a
default in the performance of
any such obligation, set forth in detail the
(i) nature of such default,
(ii) the action taken by the Transferor and
Servicer, if any, to remedy such default
and (iii) the current status of each such None
default; if applicable, insert "None".
12.As of the date hereof, to the best
knowledge of the undersigned, no
Amortization Event has been deemed to have
occurred on or prior to
such Distribution Date.
13.As of the date hereof, to the best
knowledge of the undersigned, no
Lien has been placed on any of the Receivables
other than pursuant to
the Pooling and Servicing Agreement (or, if
there is a Lien, such Lien
consists of
:____________________________________________)
.
14.The amounts specified to be deposited into
and withdrawn from the
Collection Account, as well as the amounts
specified to be paid to the
Transferor, the Servicer, the Interest Holder
and the Certificateholders
are all in accordance with the requirements of
the Pooling and
Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly
executed and delivered this
Certificate this 15th day of June, 1999.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer
Household Finance Corporation
Household Affinity Funding Corp. May 1999
Household Affinity Credit Card Master Trust I Jun 15, 1999
, Series 1995-1
CLASS A CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $4.070069444
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $4.070069444
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 4.902500000%
(b) Spread 0.1500%
(c) Class A Certificate Rate 5.052500000%
2. Beginning Principal Amount $522,000,000.00
3. Days in Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class A Invested Percentage 87.00%
(b) Principal Allocation Percentage 89.74%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class A Investor Default Amount $3,011,006.86
5. Class A Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class A Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class A Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the $0.00
outstanding principal balance of the
Class A Certificates exceeds the class A
Invested Amount as of
the end of the Distribution Date
6. Allocable Servicing Fee paid for the $1,000,000.00
Distribution Date
7. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class A Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
F.Class B Certificates
1. Class B Invested Amount as of the end of $24,000,000.00
the Distribution Date
2. Available Collateral Amount as of the end $54,000,000.00
of the Distribution Date
Household Finance Corporation
Household Affinity Funding Corp. May 1999
Household Affinity Credit Card Master Trust I Jun 15, 1999
, Series 1995-1
CLASS B CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $6.416666667
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $6.416666667
B. Calculation of Class B Interest
1. Class B Coupon 7.700000000%
2. Beginning Invested Amount $24,000,000.00
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class B Invested Percentage 4.000%
(b) Principal Allocation Percentage 89.744%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class B Investor Default Amount $138,437.10
5. Class B Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class B Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class B Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount as of
the end of the Distribution Date $0.00
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the $0.00
end of the Distribution Date
(b) Available Cash Collateral Amount as a 0.00%
percent of the Class B
Invested Amount, each at the end of the
Distribution Date
7. Available Collateral Amount $54,000,000.00
8. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1997-1
The undersigned, a duly authorized
representative of Household Finance
Corporation, as
Servicer (the "Servicer"), pursuant to the
Amended and Restated Pooling and Servicing
Agreement, dated as of August 1, 1993 (the
"Pooling and Servicing Agreement"), by and
among
Household Affinity Funding Corporation, as
Transferor, the Servicer, and The Bank of New
York,
as Trustee, does hereby certify with respect
to the information set forth below as follows:
1.Capitalized terms used in this Certificate
shall have the respective
meanings set forth in the Pooling and
Servicing Agreement.
2.Household Finance Corporation is, as of the
date hereof, the Servicer
under the Pooling and Servicing Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution
Date occurring on June 15, 1999.
5.Trust Information.
(a)The aggregate amount of Collections
processed for the Due Period
preceding such Distribution Date was equal to $1,961,313,034.31
.
(b)The aggregate amount of such Collections
with respect to Principal
Receivables for the Due Period preceding such
Distribution Date was
equal to . $1,843,361,812.30
(i)The payment rate, [ ( (b) + (c)(ii) + 29.90%
(c)(iii) ) / (f) ], is
(c)The aggregate amount of such Collections
with respect to Finance Charge
and Administrative Receivables and the
Defaulted Amount for the Due Period preceding
such Distribution Date was equal to . $117,951,222.01
(i)The gross cash yield, [ 21.49%
((ii)+(iii)+(iv)+(v)) * 12 / (f) ], is
(ii)The amount of such aggregate with respect $74,010,096.63
to Finance Charge was equal to
(iii)The amount of such aggregate with respect $14,591,651.24
to Fees was equal to .
(iv)The amount of such aggregate with respect $26,697,009.14
to Interchange was equal to
(v)The amount of such aggregate with respect $397,870.00
to Other Recoveries was equal to
(vi)The amount of such aggregate with respect $2,254,595.00
to Principal Recoveries was equal to
(d)The Gross Defaulted Amount for the $37,273,325.75
preceding Due Period is .
(i)The annualized default rate, (d) *12 / (f), 6.92%
is
(ii)The annualized net default rate, [(d)- 6.50%
(c)(vi)] *12 / (f), is
(e)The Portfolio Yield for such Distribution 14.98%
Date .
(f)The total amount of Principal Receivables
in the Trust at the beginning
of the preceding Due Period is equal to . $6,461,850,453.66
(g)The total amount of Principal Receivables
as of the last day of the
immediately preceding Due Period is . $6,447,051,275.34
(h)The average amount of Principal Receivables
in the Trust during the
preceding Due Period (the sum of the amounts
in clause (e) and the
amount in clause (g) divided by 2) is equal to $6,454,450,864.50
.
(i)The total amount of Finance Charge and
Administrative Receivables in the
Trust as of the last day of the immediately $100,256,133.53
preceding Due Period is .
(j)The aggregate outstanding gross balance of
the Accounts which were
one payment (5-29 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $189,746,849.75
Distribution Date was equal to
(k)The aggregate outstanding gross balance of
the Accounts which were
two payments (30-59 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $71,743,275.62
Distribution Date was equal to
(l)The aggregate outstanding gross balance of
the Accounts which were
three or more payments (60+ days) delinquent
as of the close of business on the last
day of the calendar month preceding such $176,118,296.39
Distribution Date was equal to
(m)The aggregate amount of Trust Excess
Principal Collections for such
Distribution Date is $1,526,927,505.06
(n)The aggregate amount of Principal $0.00
Shortfalls for such Distribution Date is
6.Group Two Information
(a)The Average Rate for Group Two (the
weighted average Certificate Rate
reduced to take into account any payments made
pursuant to interest
rate agreements, if any ) is equal to 5.0853%
(b)Group Two Total Investor Collections is $303,521,885.63
equal to .
(c)Group Two Investor Principal Collections is $285,268,411.20
equal to .
(d)Group Two Investor Finance Charge and $18,253,474.43
Administrative Collections is equal to .
(e)Group Two Investor Additional Amounts is $0.00
equal to .
(f)Group Two Investor Default Amount is equal $5,768,212.38
to .
(g)Group Two Investor Monthly Fees is equal to $1,666,666.67
(h)Group Two Investor Monthly Interest is $4,096,491.66
equal to .
7.Series 1997-1 Information
(a)The Series Adjusted Portfolio Yield for the
Due Period preceding such
Distribution Date was equal to 14.98%
(b)The Series 1997-1 Allocation Percentage
with respect to the Due
Period preceding such Distribution Date was 17.24%
equal to .
(c)The Floating Allocation Percentage for the
Due Period preceding such
Distribution Date was equal to . 89.74%
(d)The aggregate amount of Reallocated Finance
Charge and
Administrative Collections for the Due Period
preceding
such Distribution Date is equal to . $18,253,474.43
(e)The Floating Allocation Percentage of
Series Allocable Finance
Charge and Administrative Collections for the
Due Period preceding
such Distribution Date is equal to $18,253,474.43
(f)Class A Invested Amount $870,000,000.00
(g)The Class A Invested Percentage with
respect to the Due Period
preceding such Distribution Date was equal to 87.00%
.
(h)The Class A Invested Percentage of the
amount set forth in Item 7(d)
above was equal to $15,880,522.75
(i)The amount of Class A Monthly Interest for
such Distribution Date is
equal to. $3,505,918.75
(j)The amount of any Class A Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to .
(k)The amount of Class A Additional Interest
for such Distribution Date
is equal to $0.00
(l)The amount of any Class A Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(m)The Class A Investor Default Amount for
such Distribution Date is
equal to . $5,018,344.77
(n)The Allocable Servicing Fee for such $1,666,666.67
Distribution Date is equal to.
(o)The Class A Required Amount, if any, with
respect to such
Distribution Date is equal to $0.00
(p)Class B Invested Amount . $47,500,000.00
(q)The Class B Invested Percentage for the Due
Period preceding such
Distribution Date was equal to 4.75%
(r)The Class B Invested Percentage of the
amount set forth in Item 7(d)
above is equal to. $867,040.04
(s)The amount of Class B Monthly Interest for
such Distribution Date is
equal to. $198,302.60
(t)The amount of any Class B Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(u)The amount of Class B Additional Interest
for such Distribution Date
is equal to. $0.00
(v)The amount of any Class B Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to.
(w)Class B Investor Default Amount for such
Distribution Date is equal
to $273,990.09
(x)The Collateral Invested Percentage of the
amount set forth in Item 7(d)
above is equal to $1,505,911.64
(y)The Series 1997-1 Principal Shortfall for
such Distribution Date is
equal to. $0.00
(z)The Series 1997-1 Excess Principal $0.00
Collections is equal to.
(aa)The amount of Excess Finance Charge and
Administrative Collections
with respect to such Distribution Date is $7,864,241.64
equal to
(bb)The amount of Excess Finance Charge and
Administrative Collections
referred to in Item 7(aa) will be available to
be distributed on such
Distribution Date to fund or reimburse the
following items:
(i)to fund the Class A Required Amount, if
any, with
respect to such Distribution Date. $0.00
(ii)to reimburse Class A Investor Charge-Offs. $0.00
(iii)to pay current or overdue Class B Monthly
Interest,
Class B Additional Interest or the Cumulative
Excess Interest Amount $0.00
(iv)to fund the Class B Investor Default
Amount with
respect to such Distribution Date $273,990.09
(v)to reimburse certain previous reductions in
the Class B
Invested Amount $0.00
(vi)to pay the Collateral Monthly Interest for
such Distribution
Date equal to $392,270.31
(vii)to pay any portion of the Allocable
Servicing Fee not
paid pursuant to clause (i) above. $0.00
(viii)to fund the Collateral Investor Default
Amount with
respect to such Distribution Date $475,877.52
(ix)to reimburse certain previous reductions
in the Collateral
Invested Amount $0.00
(x)to make any required deposit in the Cash $0.00
Collateral Account
(xi)to make any required deposit to the $0.00
Reserve Account
(cc)The amount of Subordinated Principal
Collections with respect to such
Distribution Date is equal to. $37,084,893.46
(dd)The Principal Allocation Percentage is 89.74%
equal to .
(ee)The total amount to be distributed to
Class A Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(ff)The total amount to be distributed to
Class B Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(gg)The amount of Class A Investor Charge-Offs
for such Distribution
Date is equal to. $0.00
(hh)The total amount of reimbursements of
Class A Investor Charge-Offs
for such Distribution Date is equal to $0.00
(ii)The amount of Class B Investor Charge-Offs
and other reductions in
the Class B Invested Amount for such $0.00
Distribution Date is equal to
(jj)The total amount of reimbursements of
Class B Investor Charge-Offs
for such Distribution Date is equal to $0.00
(kk)The Class A Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to. $870,000,000.00
(ll)The Class B Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to $47,500,000.00
(mm)The Available Collateral Amount as of the
close of business on the
preceding Distribution Date (after giving
effect to any withdrawal
from the Collateral Account) was equal to. $82,500,000.00
(nn)The Required Collateral Amount as of the
close of business on such
Distribution Date, after giving effect to any
withdrawal from the
Collateral Account and payments to the
Collateral Interest Holder on
such Distribution Date, will be equal to. $82,500,000.00
(oo)The ratio of the Required Collateral
Amount to the Class B Invested Amount
as of the close of business on such
Distribution Date, after giving effect
to any withdrawal from the Collateral Account
and payments to the
Collateral Interest Holder on such 173.68%
Distribution Date, will be equal to
(pp)The Cumulative Excess Interest Amount as
of the close of business on
such Distribution Date, after giving effect to
any payments of interest
to Class B Certificateholders on such $0.00
Distribution Date, will be equal to .
8.Total amount to be on deposit in the
Collection Account (after giving effect to
allocations required to be made pursuant to
the terms of all other Series now
outstanding and to the payment of the
Servicer's fee and funding of investor default
amounts) prior to making distributions on such $10,818,595.38
Distribution Dates is equal to .
9.The total amount to be allocated according
to the terms of the Collateral
Agreement on such Distribution Date is equal $7,114,374.03
to
10.Total amount to be distributed from the
Collection Account to the
Servicer in respect of the unpaid Allocable
Servicing Fee for the
preceding Due Period on such Distribution Date
(after taking into
consideration the amounts which have been
netted with respect to this
Series against deposits to the Collection $0.00
Account) is equal to.
11.The Class A Adjusted Amount $870,000,000.00
12.The Class B Adjusted Amount $47,500,000.00
13.The Controlled Accumulation Amount $0.00
14.The Controlled Deposit Amount $0.00
15.The Deficit Controlled Deposit Amount . $0.00
16.The Principal Funding Account Balance $0.00
17.The Principal Funding Investment Shortfall $0.00
18.The Required Reserve Account Amount $7,569,375.00
19.The Reserve Account Balance $7,569,375.00
20.As of the date hereof, to the best
knowledge of the undersigned, the Servicer
has performed in all material respects all its
obligations under the Pooling
and Servicing Agreement through the Due Period
preceding such
Distribution Date or, if there has been a
default in the performance of
any such obligation, set forth in detail the
(i) nature of such default,
(ii) the action taken by the Transferor and
Servicer, if any, to remedy such default
and (iii) the current status of each such None
default; if applicable, insert "None".
21.As of the date hereof, to the best
knowledge of the undersigned, no
Amortization Event has been deemed to have
occurred on or prior to
such Distribution Date.
22.As of the date hereof, to the best
knowledge of the undersigned, no
Lien has been placed on any of the Receivables
other than pursuant to
the Pooling and Servicing Agreement (or, if
there is a Lien, such Lien
consists of
:____________________________________________)
.
23.The amounts specified to be deposited into
and withdrawn from the
Collection Account, as well as the amounts
specified to be paid to the
Transferor, the Servicer, the Interest Holder
and the Certificateholders
are all in accordance with the requirements of
the Pooling and
Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly
executed and delivered this
Certificate this 15th day of June, 1999.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Name: Steven H. Smith
Title: Servicing Officer
Household Finance Corporation
Household Card Funding Corp. May 1999
Household Credit Card Master Trust I , Series Jun 15, 1999
1997-1
CLASS A CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $4.029791667
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $4.029791667
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 4.902500000%
(b) Spread 0.1000%
(c) Class A Certificate Rate 5.002500000%
2. Beginning Principal Amount $870,000,000.00
3. Days in Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class A Invested Percentage 87.00%
(b) Principal Allocation Percentage 89.74%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class A Investor Default Amount $5,018,344.77
5. Class A Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class A Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class A Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the class A
Invested Amount as of
the end of the Distribution Date $0.00
6. Allocable Servicing Fee paid for the $1,666,666.67
Distribution Date
7. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class A Pool Factor 1.0000000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
F.Class B Certificates
1. Class B Invested Amount as of the end of $47,500,000.00
the Distribution Date
2. Available Collateral Invested Amount as of $82,500,000.00
the end of the Distribution Date
Household Finance Corporation
Household Card Funding Corp. May 1999
Household Credit Card Master Trust I , Series Jun 15, 1999
1997-1
CLASS B CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $4.174791579
2. Principal distribution per $1,000 interest $0.00
3. Interest distribution per $1,000 interest $4.174791579
B. Calculation of Class B Interest
1. Calculation of Class B Certificate Rate
(a) One-month LIBOR 4.902500000%
(b) Spread 0.2800%
(c) Class B Certificate Rate 5.182500000%
2. Beginning Invested Amount $47,500,000.00
3. Days in Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class B Invested Percentage 4.750%
(b) Principal Allocation Percentage 89.744%
3. Delinquent Gross Balances
(a) Delinquent 5 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class B Investor Default Amount $273,990.09
5. Class B Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class B Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class B Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the $0.00
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount as of
the end of the Distribution Date
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the $0.00
end of the Distribution Date
(b) Available Cash Collateral Amount as a 0.00%
percent of the Class B
Invested Amount, each at the end of the
Distribution Date
7. Available Collateral Invested Amount $82,500,000.00
8. Deficit Controlled Amortization Amount for $0.00
the Distribution Date
D.Class B Pool Factor 1.00000000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
MONTHLY SERVICER'S CERTIFICATE
(Delivered pursuant to subsection 3.04(b)
of the Pooling and Servicing Agreement
HOUSEHOLD FINANCE CORPORATION
HOUSEHOLD AFFINITY FUNDING CORPORATION
HOUSEHOLD AFFINITY CREDIT CARD MASTER TRUST 1
Class A and Class B Certificates, Series 1998-1
The undersigned, a duly authorized
representative of Household Finance
Corporation,
as Servicer (the "Servicer"), pursuant to the
Amended and Restated Pooling and Servicing
Agreement,
dated as of August 1, 1993 (the "Pooling and
Servicing Agreement"), by and among Household
Affinity
Funding Corporation, as Transferor, the
Servicer, and The Bank of New York, as
Trustee, does
hereby certify with respect to the information
set forth below as follows:
1.Capitalized terms used in this Certificate
shall have the respective
meanings set forth in the Pooling and
Servicing Agreement.
2.Household Finance Corporation is, as of the
date hereof, the Servicer
under the Pooling and Servicing Agreement.
3.The undersigned is a Servicing Officer.
4.This Certificate relates to the Distribution
Date occurring on June 15, 1999
5.Trust Information.
(a)The aggregate amount of Collections
processed for the Due Period
preceding such Distribution Date was equal to $1,961,313,034.31
.
(b)The aggregate amount of such Collections
with respect to Principal
Receivables for the Due Period preceding such
Distribution Date was
equal to . $1,843,361,812.30
(i)The payment rate, [ ( (b) + (c)(ii) + 29.90%
(c)(iii) ) / (f) ], is
(c)The aggregate amount of such Collections
with respect to Finance Charge
and Administrative Receivables and the
Defaulted Amount for the Due Period preceding
such Distribution Date was equal to . $117,951,222.01
(i)The gross cash yield, [ 21.49%
((ii)+(iii)+(iv)+(v)) * 12 / (f) ], is
(ii)The amount of such aggregate with respect $74,010,096.63
to Finance Charge was equal to
(iii)The amount of such aggregate with respect $14,591,651.24
to Fees was equal to .
(iv)The amount of such aggregate with respect $26,697,009.14
to Interchange was equal to
(v)The amount of such aggregate with respect $397,870.00
to Other Recoveries was equal to
(vi)The amount of such aggregate with respect $2,254,595.00
to Principal Recoveries was equal to
(d)The Gross Defaulted Amount for the $37,273,325.75
preceding Due Period is .
(i)The annualized default rate, (d) *12 / (f), 6.92%
is
(ii)The annualized net default rate, [(d)- 6.50%
(c)(vi)] *12 / (f), is
(e)The Portfolio Yield for such Distribution 14.98%
Date .
(f)The total amount of Principal Receivables
in the Trust at the beginning
of the preceding Due Period is equal to . $6,461,850,453.66
(g)The total amount of Principal Receivables
as of the last day of the
immediately preceding Due Period is . $6,447,051,275.34
(h)The average amount of Principal Receivables
in the Trust during the
preceding Due Period (the sum of the amounts
in clause (f) and the
amount in clause (g) divided by 2) is equal to $6,454,450,864.50
.
(i)The total amount of Finance Charge and
Administrative Receivables in the
Trust as of the last day of the immediately $100,256,133.53
preceding Due Period is .
(j)The aggregate outstanding gross balance of
the Accounts which were
one payment (1-29 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $189,746,849.75
Distribution Date was equal to
(k)The aggregate outstanding gross balance of
the Accounts which were
two payments (30-59 days) delinquent as of the
close of business on the last
day of the calendar month preceding such $71,743,275.62
Distribution Date was equal to
(l)The aggregate outstanding gross balance of
the Accounts which were
three or more payments (60+ days) delinquent
as of the close of business on the last
day of the calendar month preceding such $176,118,296.39
Distribution Date was equal to
(m)The aggregate amount of Trust Excess
Principal Collections for such
Distribution Date is $1,526,927,505.06
(n)The aggregate amount of Principal $0.00
Shortfalls for such Distribution Date is
6.Group Three Information
(a)The Average Rate for Group Three (the
weighted average Certificate Rate
reduced to take into account any payments made
pursuant to interest
rate agreements, if any ) is equal to 5.10%
(b)Group Three Total Investor Collections is $294,475,769.59
equal to .
(c)Group Three Investor Principal Collections $276,767,412.54
is equal to .
(d)Group Three Investor Finance Charge and $17,708,357.05
Administrative Collections is equal to .
(e)Group Three Investor Additional Amounts is $0.00
equal to .
(f)Group Three Investor Default Amount is $5,595,951.86
equal to .
(g)Group Three Investor Monthly Fees is equal $1,616,893.73
to
(h)Group Three Investor Monthly Interest is $3,989,240.93
equal to .
7.Series 1998-1 Information
(a)The Series Adjusted Portfolio Yield for the
Due Period preceding such
Distribution Date was equal to 14.98%
(b)The Series 1998-1 Allocation Percentage
with respect to the Due
Period preceding such Distribution Date was 16.73%
equal to .
(c)The Floating Allocation Percentage for the
Due Period preceding such
Distribution Date was equal to . 89.74%
(d)The aggregate amount of Reallocated Finance
Charge and
Administrative Collections for the Due Period
preceding
such Distribution Date is equal to . $17,708,357.05
(e)The Floating Allocation Percentage of
Series Allocable Finance
Charge and Administrative Collections for the
Due Period preceding
such Distribution Date is equal to $17,708,357.05
(f)Class A Invested Amount $844,000,000.00
(g)The Class A Invested Percentage with
respect to the Due Period
preceding such Distribution Date was equal to 87.00%
.
(h)The Class A Invested Percentage of the
amount set forth in Item 7(d)
above was equal to $15,405,932.42
(i)The amount of Class A Monthly Interest for
such Distribution Date is
equal to. $3,414,741.94
(j)The amount of any Class A Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to .
(k)The amount of Class A Additional Interest
for such Distribution Date
is equal to $0.00
(l)The amount of any Class A Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(m)The Class A Investor Default Amount for
such Distribution Date is
equal to . $4,868,371.24
(n)The Allocable Servicing Fee for such $1,616,893.73
Distribution Date is equal to.
(o)The Class A Required Amount, if any, with
respect to such
Distribution Date is equal to $0.00
(p)Class B Invested Amount . $46,100,000.00
(q)The Class B Invested Percentage for the Due
Period preceding such
Distribution Date was equal to 4.75%
(r)The Class B Invested Percentage of the
amount set forth in Item 7(d)
above is equal to. $841,485.17
(s)The amount of Class B Monthly Interest for
such Distribution Date is
equal to. $193,943.34
(t)The amount of any Class B Monthly Interest
previously due but not
distributed on a prior Distribution Date is $0.00
equal to
(u)The amount of Class B Additional Interest
for such Distribution Date
is equal to. $0.00
(v)The amount of any Class B Additional
Interest previously due but not
distributed on a prior Distribution Date is $0.00
equal to.
(w)Class B Investor Default Amount for such
Distribution Date is equal
to $265,914.59
(x)The Collateral Invested Percentage of the
amount set forth in Item 7(d)
above is equal to $1,460,939.46
(y)The Series 1998-1 Principal Shortfall for
such Distribution Date is
equal to. $0.00
(z)The Series 1998-1 Excess Principal $0.00
Collections is equal to.
(aa)The amount of Excess Finance Charge and
Administrative Collections
with respect to such Distribution Date is $7,614,406.80
equal to
(bb)The amount of Excess Finance Charge and
Administrative Collections
referred to in Item 7(aa) will be available to
be distributed on such
Distribution Date to fund or reimburse the
following items:
(i)to fund the Class A Required Amount, if
any, with
respect to such Distribution Date. $0.00
(ii)to reimburse Class A Investor Charge-Offs. $0.00
(iii)to pay current or overdue Class B Monthly
Interest,
Class B Additional Interest or the Cumulative
Excess Interest Amount $0.00
(iv)to fund the Class B Investor Default
Amount with
respect to such Distribution Date $265,914.59
(v)to reimburse certain previous reductions in
the Class B
Invested Amount $0.00
(vi)to pay the Collateral Monthly Interest for
such Distribution
Date equal to $380,555.65
(vii)to pay any portion of the Allocable
Servicing Fee not
paid pursuant to clause (i) above. $0.00
(viii)to fund the Collateral Investor Default
Amount with
respect to such Distribution Date $461,666.03
(ix)to reimburse certain previous reductions
in the Collateral
Invested Amount $0.00
(x)to make any required deposit in the Cash $0.00
Collateral Account
(xi)to make any required deposit to the $0.00
Reserve Account
(cc)The amount of Subordinated Principal
Collections with respect to such
Distribution Date is equal to. $35,985,049.61
(dd)The Principal Allocation Percentage is 89.74%
equal to .
(ee)The total amount to be distributed to
Class A Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(ff)The total amount to be distributed to
Class B Certificateholders on
such Distribution Date in payment of principal $0.00
is equal to
(gg)The amount of Class A Investor Charge-Offs
for such Distribution
Date is equal to. $0.00
(hh)The total amount of reimbursements of
Class A Investor Charge-Offs
for such Distribution Date is equal to $0.00
(ii)The amount of Class B Investor Charge-Offs
and other reductions in
the Class B Invested Amount for such $0.00
Distribution Date is equal to
(jj)The total amount of reimbursements of
Class B Investor Charge-Offs
for such Distribution Date is equal to $0.00
(kk)The Class A Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to. $844,000,000.00
(ll)The Class B Invested Amount at the close
of business on such
Distribution Date (after giving effect to all
payments and adjustments
on such Distribution Date) will be equal to $46,100,000.00
(mm)The Available Collateral Amount as of the
close of business on the
preceding Distribution Date (after giving
effect to any withdrawal
from the Collateral Account) was equal to. $80,036,239.78
(nn)The Required Collateral Amount as of the
close of business on such
Distribution Date, after giving effect to any
withdrawal from the
Collateral Account and payments to the
Collateral Interest Holder on
such Distribution Date, will be equal to. $80,036,239.78
(oo)The ratio of the Required Collateral
Amount to the Class B Invested Amount
as of the close of business on such
Distribution Date, after giving effect
to any withdrawal from the Collateral Account
and payments to the
Collateral Interest Holder on such 173.61%
Distribution Date, will be equal to
(pp)The Cumulative Excess Interest Amount as
of the close of business on
such Distribution Date, after giving effect to
any payments of interest
to Class B Certificateholders on such $0.00
Distribution Date, will be equal to .
8.Total amount to be on deposit in the
Collection Account (after giving effect to
allocations required to be made pursuant to
the terms of all other Series now
outstanding and to the payment of the
Servicer's fee and funding of investor default
amounts) prior to making distributions on such $10,495,511.46
Distribution Dates is equal to .
9.The total amount to be allocated according
to the terms of the Collateral
Agreement on such Distribution Date is equal $6,886,826.18
to
10.Total amount to be distributed from the
Collection Account to the
Servicer in respect of the unpaid Allocable
Servicing Fee for the
preceding Due Period on such Distribution Date
(after taking into
consideration the amounts which have been
netted with respect to this
Series against deposits to the Collection $0.00
Account) is equal to.
11.The Class A Adjusted Amount $844,000,000.00
12.The Class B Adjusted Amount $46,100,000.00
13.The Controlled Accumulation Amount $0.00
14.The Controlled Deposit Amount $0.00
15.The Deficit Controlled Deposit Amount . $0.00
16.The Principal Funding Account Balance $0.00
17.The Principal Funding Investment Shortfall $0.00
18.The Required Reserve Account Amount $0.00
19.The Reserve Account Balance $0.00
20.As of the date hereof, to the best
knowledge of the undersigned, the Servicer
has performed in all material respects all its
obligations under the Pooling
and Servicing Agreement through the Due Period
preceding such
Distribution Date or, if there has been a
default in the performance of
any such obligation, set forth in detail the
(i) nature of such default,
(ii) the action taken by the Transferor and
Servicer, if any, to remedy such default
and (iii) the current status of each such None
default; if applicable, insert "None".
21.As of the date hereof, to the best
knowledge of the undersigned, no
Amortization Event has been deemed to have
occurred on or prior to
such Distribution Date.
22.As of the date hereof, to the best
knowledge of the undersigned, no
Lien has been placed on any of the Receivables
other than pursuant to
the Pooling and Servicing Agreement (or, if
there is a Lien, such Lien
consists of
:____________________________________________)
.
23.The amounts specified to be deposited into
and withdrawn from the
Collection Account, as well as the amounts
specified to be paid to the
Transferor, the Servicer, the Interest Holder
and the Certificateholders
are all in accordance with the requirements of
the Pooling and
Servicing Agreement.
IN WITNESS WHEREOF, the undersigned has duly
executed and delivered this
Certificate this 16th day of November, 1998.
HOUSEHOLD FINANCE CORPORATION
as Servicer,
By: _______________________________
Household Finance Corporation
Household Card Funding Corp. May 31, 1999
Household Credit Card Master Trust I , Series June 15, 1999
1998-1
CLASS A CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $4.045902773
2. Principal distribution per $1,000 interest $0.000000000
3. Interest distribution per $1,000 interest $4.045902773
B. Calculation of Class A Interest
1. Calculation of Class A Certificate Rate
(a) One-month LIBOR 4.902500000%
(b) Spread 0.1200%
(c) Class A Certificate Rate 5.022500000%
2. Beginning Principal Amount $844,000,000.00
3. Days in Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class A Invested Percentage 87.00%
(b) Principal Allocation Percentage 89.74%
3. Delinquent Gross Balances
(a) Delinquent 1 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class A Investor Default Amount $4,868,371.24
5. Class A Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class A Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class A Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the $0.00
outstanding principal balance of the
Class A Certificates exceeds the class A
Invested Amount as of
the end of the Distribution Date
6. Allocable Servicing Fee paid for the $1,616,893.73
Distribution Date
7. Deficit Controlled Accumulation Amount for $0.00
the Distribution Date
D.Class A Pool Factor 1.000000000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
F.Class B Certificates
1. Class B Invested Amount as of the end of $46,100,000.00
the Distribution Date
2. Available Collateral Invested Amount as of $80,036,239.78
the end of the Distribution Date
Household Finance Corporation
Household Card Funding Corp. May 31, 1999
Household Credit Card Master Trust I , Series June 15, 1999
1998-1
CLASS B CERTIFICATEHOLDER'S STATEMENT
A.Information Regarding Distributions
1. Total distribution per $1,000 interest $4.207013883
2. Principal distribution per $1,000 interest $0.000000000
3. Interest distribution per $1,000 interest $4.207013883
B. Calculation of Class B Interest
1. Calculation of Class B Certificate Rate
(a) One-month LIBOR 4.902500000%
(b) Spread 0.3200%
(c) Class B Certificate Rate 5.222500000%
2. Beginning Invested Amount $46,100,000.00
3. Days in Interest Period 29
C. Performance of Trust
1. Collections of Receivables
(a) Total Collections $1,961,313,034.31
(b) Collections of Finance Charge and $117,951,222.01
Administrative Receivables
(c) Collections of Principal $1,843,361,812.30
2. Allocation of Receivables
(a) Class B Invested Percentage 4.75%
(b) Principal Allocation Percentage 89.74%
3. Delinquent Gross Balances
(a) Delinquent 1 - 29 days $189,746,849.75
% of Gross Receivables 2.90%
(b) Delinquent 30 - 59 days $71,743,275.62
% of Gross Receivables 1.10%
(c) Delinquent 60+ days $176,118,296.39
% of Gross Receivables 2.69%
4. Class B Investor Default Amount $265,914.59
5. Class B Investor Charge-offs; Reimbursement
of Charge-offs
(a) Class B Investor Charge-offs, if any, for $0.00
the Distribution Date
(b) The amount of Item 5.(a) per $1,000 $0.00
interest
(c) Total reimbursed to Trust in respect of $0.00
Class B Investor Charge-offs
(d) The amount of Item 5.(c) per $1,000 $0.00
interest
(e) The amount, if any, by which the $0.00
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount as of
the end of the Distribution Date
6. Available Cash Collateral Amount
(a) Available Cash Collateral Amount at the $0.00
end of the Distribution Date
(b) Available Cash Collateral Amount as a 0.00%
percent of the Class B
Invested Amount, each at the end of the
Distribution Date
7. Available Collateral Invested Amount $80,036,239.78
8. Deficit Controlled Accumulation Amount for $0.00
the Distribution Date
D.Class B Pool Factor $1.000000000
E. Receivables Balances
1. Principal Receivables as of the last day of $6,447,051,275.34
the preceding Due Period
2. Finance Charge and Administrative $100,256,133.53
Receivables as of the last day
of the preceding Due Period
