| Fingerhut Receivables, Inc. |
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|
Fingerhut Master Trust |
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|
Monthly Report |
| Securityholder's Statement |
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Series 1998-1 |
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Nov-2000 |
| |
Class A |
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Class B |
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CTO |
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Class D |
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Total |
| (i) Original Security Amount |
337,500,000.00 |
|
51,136,000.00 |
|
61,364,000.00 |
|
61,364,000.00 |
|
511,364,000.00 |
| (ii) Security Principal Distributed |
22,500,000.00 |
|
0.00 |
|
0.00 |
|
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|
22,500,000.00 |
| (iii) Security Interest Distributed |
1,365,750.00 |
|
268,037.87 |
|
379,434.07 |
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|
|
2,013,221.94 |
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| Security Principal Distributed per $1,000 |
66.6666667 |
|
0.0000000 |
|
0.0000000 |
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|
|
|
| Security Interest Distributed per $1,000 |
4.0466667 |
|
5.2416667 |
|
6.1833334 |
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|
|
|
| (iv) Principal Collections |
13,356,072.79 |
|
2,023,633.00 |
|
2,428,391.26 |
|
2,428,391.26 |
|
20,236,488.31 |
| (v) Finance Collections |
7,377,040.87 |
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1,493,825.62 |
|
1,792,614.11 |
|
1,792,614.11 |
|
12,456,094.71 |
| Recoveries |
556,182.08 |
|
114,912.84 |
|
137,897.20 |
|
137,897.20 |
|
946,889.32 |
| Defeasance Funding Acct Earnings |
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
| Total Finance Collections |
7,933,222.95 |
|
1,608,738.46 |
|
1,930,511.31 |
|
1,930,511.31 |
|
13,402,984.03 |
| Total Collections |
21,289,295.74 |
|
3,632,371.46 |
|
4,358,902.57 |
|
4,358,902.57 |
|
33,639,472.34 |
| (vi) Aggregate Amount of Principal Receivables |
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|
|
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|
1,549,769,713.41 |
| Invested Amount (End of Month) |
270,000,000.00 |
|
51,136,000.00 |
|
61,364,000.00 |
|
61,364,000.00 |
|
443,864,000.00 |
| Floating Allocation Percentage |
17.4219433% |
|
3.2995870% |
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3.9595560% |
|
3.9595560% |
|
28.6406423% |
| Fixed/Floating Allocation Percentage |
18.8737719% |
|
3.2995870% |
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3.9595560% |
|
3.9595560% |
|
30.0924709% |
| Invested Amount (Beginning of Month) |
292,500,000.00 |
|
51,136,000.00 |
|
61,364,000.00 |
|
61,364,000.00 |
|
466,364,000.00 |
| Average Daily Invested Amount |
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|
458,328,285.71 |
| (vii) Receivable Delinquencies |
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| Current |
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78.82% |
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1,431,057,758.88 |
| 30 Days to 59 Days |
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5.67% |
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102,999,366.12 |
| 60 Days to 89 Days |
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4.29% |
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77,881,704.37 |
| 90 Days and Over |
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11.22% |
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203,716,369.88 |
| Total Receivables |
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100.00% |
|
1,815,655,199.25 |
| (viii) Aggregate Investor Default Amount |
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|
8,679,909.00 |
| As a % of Average Daily Invested Amount (Annualized based on 365 days/year) |
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24.69% |
| (ix) Security Charge-Offs |
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
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| (x) Servicing Fee |
413,114.75 |
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78,240.87 |
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93,890.27 |
|
93,890.27 |
|
679,136.16 |
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| (xii) Unreimbursed Redirected Principal Collections |
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0.000000 |
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0.000000 |
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0.000000 |
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0.000000 |
| (xiii) Excess Funding Account Balance |
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0.00 |
| (xiv) CTO Trigger Event Occurrence |
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None |
| CTO Reserve Amount |
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N/A |
| (xv) Number of New Accounts Added to the Trust |
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56,571 |
| (xvi) Revolving Receivables Reserve Account Balance |
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$ 4,375,700.00 |
| (xvii) Defeasance Funding Account Balance |
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0.00 |
| Average Net Portfolio Yield |
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13.43% |
| Minimum Base Rate |
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8.03% |
