Fingerhut Receivables, Inc. |
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Fingerhut Master Trust |
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Monthly Report |
Securityholder's Statement |
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Series 1998-2 |
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Dec-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 |
(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 |
(ii) Security Principal Distributed |
0.00 |
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0.00 |
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0.00 |
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0.00 |
(iii) Security Interest Distributed |
1,752,187.50 |
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277,412.80 |
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417,820.66 |
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2,447,420.96 |
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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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6.8088889 |
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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 |
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2,528,223.41 |
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21,068,418.54 |
(v) Finance Collections |
10,472,714.98 |
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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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15,867,761.25 |
Recoveries |
1,438,569.93 |
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217,963.59 |
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261,559.72 |
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261,559.72 |
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2,179,652.96 |
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 |
Total Finance Collections |
11,911,284.91 |
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1,804,727.30 |
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2,165,701.00 |
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2,165,701.00 |
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18,047,414.21 |
Total Collections |
25,816,431.26 |
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3,911,552.67 |
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4,693,924.41 |
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4,693,924.41 |
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39,115,832.75 |
(vi) Aggregate Amount of Principal Receivables |
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1,615,319,845.64 |
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 |
Floating Allocation Percentage |
20.8936949% |
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3.1656888% |
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3.7988761% |
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3.7988761% |
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31.6571360% |
Fixed/Floating Allocation Percentage |
20.8936949% |
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3.1656888% |
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3.7988761% |
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3.7988761% |
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31.6571360% |
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 |
Average Daily Invested Amount |
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511,364,000.00 |
(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% |
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1,904,368,706.42 |
(viii) Aggregate Investor Default Amount |
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12,842,010.03 |
As a % of Average Daily Invested Amount (Annualized based on 365 days/year) |
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26.19% |
(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 |
645,491.80 |
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97,801.09 |
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117,362.84 |
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117,362.84 |
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978,018.57 |
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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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$ 4,884,500.00 |
(xvii) Defeasance Funding Account Balance |
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0.00 |
Average Net Portfolio Yield |
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10.62% |
Minimum Base Rate |
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8.46% |
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