| 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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Dec-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 |
1,251,937.50 |
|
268,037.87 |
|
409,638.79 |
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|
1,929,614.16 |
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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 |
3.7094444 |
|
5.2416667 |
|
6.6755555 |
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|
| (iv) Principal Collections |
13,905,146.35 |
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2,106,825.37 |
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2,528,223.41 |
|
2,528,223.41 |
|
21,068,418.54 |
| (v) Finance Collections |
7,136,757.56 |
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1,586,763.71 |
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1,904,141.28 |
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1,904,141.28 |
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12,531,803.83 |
| Recoveries |
959,046.62 |
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217,963.59 |
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261,559.72 |
|
261,559.72 |
|
1,700,129.65 |
| Defeasance Funding Acct Earnings |
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
|
0.00 |
| Total Finance Collections |
8,095,804.18 |
|
1,804,727.30 |
|
2,165,701.00 |
|
2,165,701.00 |
|
14,231,933.48 |
| Total Collections |
22,000,950.53 |
|
3,911,552.67 |
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4,693,924.41 |
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4,693,924.41 |
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35,300,352.02 |
| (vi) Aggregate Amount of Principal Receivables |
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|
1,615,319,845.64 |
| Invested Amount (End of Month) |
247,500,000.00 |
|
51,136,000.00 |
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61,364,000.00 |
|
61,364,000.00 |
|
421,364,000.00 |
| Floating Allocation Percentage |
15.3220429% |
|
3.1656888% |
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3.7988761% |
|
3.7988761% |
|
26.0854840% |
| Fixed/Floating Allocation Percentage |
16.7149559% |
|
3.1656888% |
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3.7988761% |
|
3.7988761% |
|
27.4783970% |
| Invested Amount (Beginning of Month) |
270,000,000.00 |
|
51,136,000.00 |
|
61,364,000.00 |
|
61,364,000.00 |
|
443,864,000.00 |
| Average Daily Invested Amount |
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437,435,428.57 |
| (vii) Receivable Delinquencies |
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| Current |
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79.33% |
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1,510,713,900.55 |
| 30 Days to 59 Days |
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5.91% |
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112,574,660.39 |
| 60 Days to 89 Days |
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4.15% |
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78,945,930.46 |
| 90 Days and Over |
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10.61% |
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202,134,215.02 |
| Total Receivables |
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100.00% |
|
1,904,368,706.42 |
| (viii) Aggregate Investor Default Amount |
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10,125,165.55 |
| As a % of Average Daily Invested Amount (Annualized based on 365 days/year) |
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24.14% |
| (ix) Security Charge-Offs |
0.00 |
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0.00 |
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0.00 |
|
0.00 |
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0.00 |
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| (x) Servicing Fee |
473,360.66 |
|
97,801.09 |
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117,362.84 |
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117,362.84 |
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805,887.43 |
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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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65,936 |
| (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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9.79% |
| Minimum Base Rate |
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7.98% |
