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| Fingerhut Receivables, Inc. | Fingerhut Master Trust | Monthly Report | |||||||
| Securityholder's Statement | Series 1998-2 | Nov-2000 | |||||||
| Class A | Class B | CTO | Class D | 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 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| (iii) Security Interest Distributed | 1,752,187.50 | 277,412.80 | 387,104.57 | 2,416,704.87 | |||||
| Security Principal Distributed per $1,000 | 0.0000000 | 0.0000000 | 0.0000000 | ||||||
| Security Interest Distributed per $1,000 | 5.1916667 | 5.4250000 | 6.3083334 | ||||||
| (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 | 9,859,319.20 | 1,493,825.62 | 1,792,614.11 | 1,792,614.11 | 14,938,373.04 | ||||
| Recoveries | 758,430.11 | 114,912.84 | 137,897.20 | 137,897.20 | 1,149,137.35 | ||||
| Defeasance Funding Acct Earnings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| Total Finance Collections | 10,617,749.31 | 1,608,738.46 | 1,930,511.31 | 1,930,511.31 | 16,087,510.39 | ||||
| Total Collections | 23,973,822.10 | 3,632,371.46 | 4,358,902.57 | 4,358,902.57 | 36,323,998.70 | ||||
| (vi) Aggregate Amount of Principal Receivables | 1,549,769,713.41 | ||||||||
| Invested Amount (End of Month) | 337,500,000.00 | 51,136,000.00 | 61,364,000.00 | 61,364,000.00 | 511,364,000.00 | ||||
| Floating Allocation Percentage | 21.7774291% | 3.2995870% | 3.9595560% | 3.9595560% | 32.9961281% | ||||
| Fixed/Floating Allocation Percentage | 21.7774291% | 3.2995870% | 3.9595560% | 3.9595560% | 32.9961281% | ||||
| Invested Amount (Beginning of Month) | 337,500,000.00 | 51,136,000.00 | 61,364,000.00 | 61,364,000.00 | 511,364,000.00 | ||||
| Average Daily Invested Amount | 511,364,000.00 | ||||||||
| (vii) Receivable Delinquencies | |||||||||
| Current | 78.82% | 1,431,057,758.88 | |||||||
| 30 Days to 59 Days | 5.67% | 102,999,366.12 | |||||||
| 60 Days to 89 Days | 4.29% | 77,881,704.37 | |||||||
| 90 Days and Over | 11.22% | 203,716,369.88 | |||||||
| Total Receivables | 100.00% | 1,815,655,199.25 | |||||||
| (viii) Aggregate Investor Default Amount | 10,464,918.52 | ||||||||
| As a % of Average Daily Invested Amount (Annualized based on 365 days/year) | 26.68% | ||||||||
| (ix) Security Charge-Offs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| (x) Servicing Fee | 516,393.44 | 78,240.87 | 93,890.27 | 93,890.27 | 782,414.85 | ||||
| (xii) Unreimbursed Redirected Principal Collections | 0.000000 | 0.000000 | 0.000000 | 0.000000 | |||||
| (xiii) Excess Funding Account Balance | 0.00 | ||||||||
| (xiv) CTO Trigger Event Occurrence | None | ||||||||
| CTO Reserve Amount | N/A | ||||||||
| (xv) Number of New Accounts Added to the Trust | 56,571 | ||||||||
| (xvi) Revolving Receivables Reserve Account Balance | $ 4,860,500.00 | ||||||||
| (xvii) Defeasance Funding Account Balance | 0.00 | ||||||||
| Average Net Portfolio Yield | 14.33% | ||||||||
| Minimum Base Rate | 8.44% |
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