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Fingerhut Receivables, Inc. |
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Fingerhut Master Trust |
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Monthly Report |
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Securityholder's Statement |
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Series 1998-2 |
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Oct-2000 |
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Class A |
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Class B |
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CTO |
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Class D |
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Total |
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(i) Original Security Amount |
337,500,000.00 |
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51,136,000.00 |
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61,364,000.00 |
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61,364,000.00 |
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511,364,000.00 |
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(ii) Security Principal Distributed |
0.00 |
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0.00 |
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0.00 |
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0.00 |
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(iii) Security Interest Distributed |
1,752,187.50 |
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277,412.80 |
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387,168.49 |
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2,416,768.79 |
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Security Principal Distributed per $1,000 |
0.0000000 |
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0.0000000 |
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0.0000000 |
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Security Interest Distributed per $1,000 |
5.1916667 |
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5.4250000 |
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6.3093750 |
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(iv) Principal Collections |
13,695,661.85 |
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2,075,085.52 |
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2,490,135.09 |
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2,490,135.09 |
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20,751,017.55 |
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(v) Finance Collections |
9,954,715.78 |
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1,508,279.54 |
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1,809,959.05 |
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1,809,959.05 |
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15,082,913.42 |
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Recoveries |
714,879.32 |
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108,314.28 |
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129,978.83 |
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129,978.83 |
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1,083,151.26 |
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Defeasance Funding Acct Earnings |
0.00 |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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Total Finance Collections |
10,669,595.10 |
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1,616,593.82 |
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1,939,937.88 |
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1,939,937.88 |
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16,166,064.68 |
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Total Collections |
24,365,256.95 |
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3,691,679.34 |
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4,430,072.97 |
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4,430,072.97 |
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36,917,082.23 |
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(vi) Aggregate Amount of Principal Receivables |
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1,530,716,444.46 |
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Invested Amount (End of Month) |
337,500,000.00 |
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51,136,000.00 |
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61,364,000.00 |
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61,364,000.00 |
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511,364,000.00 |
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Floating Allocation Percentage |
22.0484990% |
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3.3406579% |
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4.0088418% |
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4.0088418% |
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33.4068404% |
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Fixed/Floating Allocation Percentage |
22.0484990% |
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3.3406579% |
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4.0088418% |
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4.0088418% |
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33.4068404% |
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Invested Amount (Beginning of Month) |
337,500,000.00 |
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51,136,000.00 |
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61,364,000.00 |
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61,364,000.00 |
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511,364,000.00 |
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Average Daily Invested Amount |
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511,364,000.00 |
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(vii) Receivable Delinquencies |
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Current |
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77.96% |
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1,402,567,190.49 |
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30 Days to 59 Days |
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6.04% |
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108,631,514.70 |
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60 Days to 89 Days |
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4.19% |
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75,370,053.28 |
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90 Days and over |
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11.81% |
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212,563,168.97 |
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Total Receivables |
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100.00% |
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1,799,131,927.44 |
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(viii) Aggregate Investor Default Amount |
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9,750,742.61 |
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As a % of Average Daily Invested Amount (Annualized based on 365 days/year) |
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24.86% |
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(ix) Security Charge-Offs |
0.00 |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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(x) Servicing Fee |
516,393.51 |
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78,240.97 |
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93,890.19 |
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93,890.19 |
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782,414.86 |
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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 |
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(xiii) Excess Funding Account Balance |
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0.000000 |
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(xiv) CTO Trigger Event Occurrence |
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None |
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CTO Reserve Amount |
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N/A |
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(xv) Number of New Accounts Added to the Trust |
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73,396 |
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(xvi) Revolving Receivables Reserve Account Balance |
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$ 4,860,500.00 |
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(xvii) Defeasance Funding Account Balance |
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0.00 |
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Average Net Portfolio Yield |
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16.35% |
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Minimum Base Rate |
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8.44% |
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