SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report May 15, 1996
HOUSEHOLD CONSUMER LOAN TRUST 1995-1
(Exact name of registrant as specified in its charter)
HOUSEHOLD FINANCE CORPORATION
(Administrator of the Trust)
(Exact name as specified in Administrator's charter)
Delaware 0-28518 88-0345949
(State or other juris- (Commission File Numbers) (IRS Employer
diction of incorpora-
Identification
tion of Administrator) Number of
Registrant)
2700 Sanders Road, Prospect Heights, Illinois 60070
(Address of principal executive offices of (Zip Code)
Administrator)
Administrator's telephone number, including area code 847/564-5000
<PAGE>
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) Exhibits
99 Statement to (a) Series 1995-1 Participants with
respect to
the distribution on May 14, 1996 as provided for
under Article
V of the Pooling and Servicing Agreement dated as of
September 1, 1995 among Household Finance
Corporation, as
Servicer and The Chase Manhattan Bank, N.A., as
Deposit
Trustee and Section 5 of the Series 1995-1
Supplement to the
Pooling and Servicing Agreement, (b) Noteholders
with respect
to the Payment Date on May 15, 1996 as provided for
under
Section 3.23 of the Indenture dated as of September
1, 1995
between Household Consumer Loan Trust 1995-1 and The
Bank of
New York, as Indenture Trustee, and (c)
Certificateholders
with respect to the Payment Date on May 15, 1996 as
provided
for under Section 5.04 of the Trust Agreement dated
as of
September 1, 1995 between Household Consumer Loan
Corporation
and The Chase Manhattan Bank (USA), as Owner
Trustee.
-2-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the
Administrator has duly caused this report to be signed on behalf of
the
undersigned hereunto duly authorized.
HOUSEHOLD FINANCE CORPORATION,
as Administrator of and on behalf of the
HOUSEHOLD CONSUMER LOAN TRUST 1995-1
(Registrant)
By: /s/ J. W. Blenke
Dated: May 21, 1996 J. W. Blenke
Authorized Representative
-3-<PAGE>
EXHIBIT INDEX
Exhibit
Number Exhibit
Page
5
99 Statement to (a) Series 1995-1 Participants with respect
to the
distribution on May 14, 1996 as provided for under
Article V of the
Pooling and Servicing Agreement dated as of September 1,
1995
among Household Finance Corporation, as Servicer and The
Chase
Manhattan Bank, N.A., as Deposit Trustee and Section 5 of
the
Series 1995-1 Supplement to the Pooling and Servicing
Agreement,
(b) Noteholders with respect to the Payment Date on May
15, 1996 as
provided for under Section 3.23 of the Indenture dated as
of
September 1, 1995 between Household Consumer Loan Trust
1995-1 and
The Bank of New York, as Indenture Trustee, and (c)
Certificateholders with respect to the Payment Date on
May 15, 1996
as provided for under Section 5.04 of the Trust Agreement
dated as
of September 1, 1995 between Household Consumer Loan
Corporation
and The Chase Manhattan Bank (USA), as Owner Trustee.
-4-<PAGE>
Household Finance Corporation
Household Consumer Loan Corporation
Household Consumer Loan Trust Series 1995-1
No. of PMTs Since Issuance:
7
Distribution Date:
14-May-96
Payment Date:
15-May-96
Collection Period Beginning:
01-Apr-96
Collection Period Ending:
30-Apr-96
Note and Certificate Accrual Beginning:
15-Apr-96
Note and Certificate Accrual Ending:
15-May-96
BOND SUMMARY:
Beginning Class A Note Security Balance
$629,130,648.82
Beginning Class B Note Security Balance
$172,196,000.00
Beginning Certificate Security Balance
$30,304,000.00
Beginning Overcollateralization Amount
$48,676,994.86
Beginning Class A Adjusted Balance
$629,130,648.82
Beginning Class B Adjusted Balance
$172,196,000.00
Beginning Certficate Adjusted Balance
$30,304,000.00
Beginning Overcollateralization Amount
$48,676,994.86
Ending Class A Note Security Balance
$613,101,713.81
Ending Class B Note Security Balance
$172,196,000.00
Ending Certificate Security Balance
$30,304,000.00
Ending Overcollateralization Amount
$48,860,392.29
Ending Class A Adjusted Balance
$613,101,713.81
Ending Class B Adjusted Balance
$172,196,000.00
Ending Certficate Adjusted Balance
$30,304,000.00
Ending Overcollateralization Amount
$48,860,392.29
Class A Note Rate Capped at 13%
5.740000%
Class B Note Rate Capped at 15%
6.125000%
Certificate Rate Capped at 16%
6.530000%
Class A Interest Due
$3,009,341.60
Class B Interest Due
$878,917.08
Certificate Yield Due
$164,904.27
Class A Interest Paid
$3,009,341.60
Class B Interest Paid
$878,917.08
Class C Yield Paid
$164,904.27
Class A Unpaid Interest
$0.00
Class B Unpaid Interest
$0.00
Class C Unpaid Yield
$0.00
Class A Principal Paid
$16,028,935.01
Class B Principal Paid
$0.00
Class C Principal Paid
$0.00
OC Principal Paid
$0.00
Beginning Class A Net Charge-Off
$0.00
Beginning Class B Net Charge-Off
$0.00
Beginning Certificate Net Charge-Off
$0.00
Beginning OC Net Charge-Off
$0.00
Reversals Allocated to Class A
$0.00
Reversals Allocated to Class B
$0.00
Reversals Allocated to Certificates
$0.00
Reversals Allocated to OC plus Acclerated Principal Payments
$183,397.43
Total Charge-Offs:
$0.00
Charge-Offs Allocated to Class A
$0.00
Charge-Offs Allocated to Class B
$0.00
Charge-Offs Allocated to Certificates
$0.00
Charge-Offs Allocated to OC
$0.00
Ending Class A Net Charge-Off
$0.00
Ending Class B Net Charge-Off
$0.00
Ending Certificate Net Charge-Off
$0.00
Ending OC Net Charge-Off
$0.00
Bond Balance Reconciliation (should equal $0.00)
($0.00)
Certificate Balance/Participation Invested Amount (Beginning of
3.4424%
Designated Certificate / Certificate Security (Balance Beginning
1.003168%
Designated Certificate - Beginning of Month
$304,000.00
Principal Payments in Respect of Designated Certificate (Sec. 3
$0.00
Designated Certificate - End of Month
$304,000.00
Interest Payments in Respect of Designated Certificate (Sec. 3.0
$1,654.27
Designated Certificateholder Accelerated Principal Payments - Be
$1,176,994.86
Accelerated Principal Payment (Sec. 3.05 (v))
$183,397.43
Payments to Holder of Designated Certificate in respect to Acc.
$0.00
Designated Certificateholder Accelerated Principal Payments - En
$1,360,392.29
Designated Certificateholder Holdback Amount (Beginning of Month
$47,500,000.00
Payments to Designated Certificates in Reduction of Holdback Amo
$0.00
Designated Certificateholder Holdback Amount (End of Month)
$47,500,000.00
Remaining Payments to Designated Certificates (Sec. 3.05 paragra
$0.00
Remaining Amounts to Issuer (Sec. 3.05 (vii))
$715,170.12
