<PAGE> 1
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 November 15, 1999
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 0-28110 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
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(C) Exhibits
99 Statement to (a) Series 1995-1 Participants with respect to
the distribution on November 12, 1999 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 November 15, 1999 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 October 15, 1999 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.
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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: November 22, 1999 J. W. Blenke, Authorized Representative
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EXHIBIT INDEX
Exhibit
Number Exhibit Page
5
99 Statement to (a) Series 1995-1 Participants with respect to the
distribution on November 12, 1999 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 November 15,
1999 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 October 15,
1999 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.
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<TABLE>
<CAPTION>
Household Consumer Loan Trust, Series 1995-1
Deposit Trust Calculations
Previous Due Period Ending Sep 30, 1999
Current Due Period Ending Oct 31, 1999
Prior Distribution Date Oct 14, 1999
Distribution Date Nov 12, 1999
<S> <C>
Beginning Trust Principal Receivables 3,995,587,708.41
Average Principal Receivables 3,995,351,713.30
FC&A Collections (Includes Recoveries) 64,171,880.49
Principal Collections 125,296,329.28
Additional Balances 53,039,737.28
Net Principal Collections 72,256,592.00
Defaulted Amount 30,002,479.06
Miscellaneous Payments 0.00
Principal Recoveries 1,884,610.00
Beginning Participation Invested Amount 347,239,176.56
Beginning Participation Unpaid Principal 347,239,176.56
Balance
Ending Participation Invested Amount 338,351,759.84
Ending Participation Unpaid Principal Balance 338,351,759.84
Accelerated Amortization Date Oct 15, 2000
Is it the Accelerated Amortization Period? 0
0=No
OC Balance as % of Ending Participation 9.521%
Invested Amount (3 month average)
Is it Early Amortization? (No, if 3 month OC 0
Average >or=4.25%) 0=No
Investor Finance Charges and Administrative
Collections
Numerator for Floating Allocation 347,239,176.56
Numerator for Fixed Allocation 356,764,375.37
Denominator - Max(Sum of Numerators, Principal 3,995,351,713.30
Receivables)
Applicable Allocation Percentage 8.6911%
Investor FC&A Collections 5,577,228.87
Series Participation Interest Default Amount
Numerator for Floating Allocation 347,239,176.56
Denominator - Max(Sum of Numerators, Principal 3,995,351,713.30
Receivables)
Floating Allocation Percentage 8.6911%
Series Participation Interest Default Amount 2,607,539.18
Principal Allocation Components
Numerator for Floating Allocation 347,239,176.56
Numerator for Fixed Allocation 356,764,375.37
Denominator - Max(Sum of Numerators, Principal 3,995,351,713.30
Receivables)
Series Participation Interest Monthly Interest
(a) Series Participation Interest Pass Through 6.7500%
Rate, [Max(b,c)]
(b) Prime Rate minus 1.50% 6.7500%
(c) Rate Sufficient to Cover Interest, Yield 5.9014%
and Accelerated Principal Pmt Amount
(d) Series Participation Interest Unpaid 347,239,176.56
Principal Balance
(e) Actual days in the Interest Period 29
Series Participation Monthly Interest, [a*d*e] 1,888,113.02
Series Participation Interest Interest 0.00
Shortfall
Previous Series Participation Interest Interest 0.00
Shortfall
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Additional Interest 0.00
Series Participation Interest Monthly Principal
Available Investor Principal Collections, 8,887,416.72
[a+m+n]
(a) Investor Principal Collections, [Max(b,h) 6,279,877.54
or e]
(b) prior to Accelerated Amort. Date or not 6,279,877.54
Early Amort. Period, [c*d]
(c) Floating Allocation Percentage 8.6911%
(d) Net Principal Collections 72,256,592.00
(e) after Accelerated Amort Date or Early Amort 11,188,318.29
Period, [f*g]
(f) Fixed Allocation Percentage 8.9295%
(g) Collections of Principal
125,296,329.28
(h) Minimum Principal Amount, [Min(i,l)] 3,642,766.00
(i) Floating Allocation Percentage of 10,889,603.05
Principal Collections
(j) 1.8% of the Series Participation Interest 6,250,305.18
Invested Amount
(k) Series Participation Interest Net Default 2,607,539.18
Payment Amount
(l) the excess of (j) over (k) 3,642,766.00
(m) Series Participation Interest Net Default 2,607,539.18
Payment Amount
(n) Optional Repurchase Amount (principal only) 0.00
at Sec. 9
Application of Investor Finance Charges and
Admin Collections
Investor Finance Charges and Admin. Collections 5,577,228.87
[Sec. 4.11(a)]
Series Servicing Fee paid if HFC is not the 0.00
Servicer [Sec. 4.11(a)(i)]
plus any unpaid Series Servicing Fee of other 0.00
than HFC
Series Participation Interest Monthly Interest 1,888,113.02
[Sec. 4.11(a)(ii)]
Series Participation Interest Interest Shorfall 0.00
[Sec. 4.11(a)(ii)]
Additional Interest [Sec. 4.11(a)(ii)] 0.00
Series Participation Interest Default Amount 2,607,539.18
[Sec. 4.11(a)(iii)]
Reimbursed Series Participation Interest Charge- 0.00
Offs [Sec. 4.11(a)(iv)]
Servicing Fee Paid [Sec. 4.11(a)(v)] 578,731.96
Excess [Sec. 4.11(a)(vi)] 502,844.71
Series Participation Investor Charge Off [Sec. 0.00
4.12(a)]
Seller's Interest
677,365,916.57
Seller's Interest Percentage 17.40%
</TABLE>
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<TABLE>
Series 1995-1 Owner
Trust Calculations
Due Period Ending Oct 31, 1999
Payment Date Nov 15, 1999
Calculation of Interest Expense
Index (LIBOR) 5.406250%
Accrual end date, Nov 15, 1999
accrual beginning
date and days in
Interest Period
<S> <C> <C> <C> <C>
Class A Class B Certificates Overcoll Amount
Beginning Unpaid 173,545,262.37 128,478,495.33 12,153,371.18 33,062,047.68
Principal Balance
Previously unpaid 0.00 0.00 0.00
interest/yield
Spread to index 0.24% 0.625% 1.03%
Rate (capped at 5.646250% 6.031250% 6.436250%
13.0%, 15%, 16%)
Interest/Yield 843,785.50 667,262.88 67,357.95
Payable on the
Principal Balance
Interest on 0.00 0.00 0.00
previously unpaid
interest/yield
Interest/Yield Due 843,785.50 667,262.88 67,357.95
Interest/Yield Paid
843,785.50 667,262.88 67,357.95
Summary
Beginning Security
Balance 173,545,262.37 128,478,495.33 12,153,371.18 33,062,047.68
Beginning Adjusted
Balance 173,545,262.37 128,478,495.33 12,153,371.18
Principal Paid 3,288,344.19 311,059.58 918,630.50
4,441,723.95
Ending Security
Balance 169,103,538.42 125,190,151.14 11,842,311.60 32,215,758.68
Ending Adjusted
Balance 169,103,538.42 125,190,151.14 11,842,311.60
Ending Certificate 3.5000%
Balance as %
Participation
Interest Invested
Amount
Targeted Balance 169,175,879.92 125,190,151.14 11,842,311.60
Minimum Adjusted 61,666,666.67 5,833,333.33 15,833,333.33
Balance
Certificate Minimum 10,253,411.73
Balance
Ending OC Amount as 32,215,758.67
Holdback Amount
Ending OC Amount as 0.01
Accelerated Prin Pmts
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Beginning Net Charge 0.00 0.00 0.00 0.00
offs
Reversals 0.00 0.00 0.00 0.00
Charge offs 0.00 0.00 0.00 0.00
Ending Net Charge 0.00 0.00 0.00 0.00
Offs
Interest/Yield Paid 1.1250473 $3.8750196 $2.2227412
per $1000
Principal Paid per $5.9222986 $19.0965190 $10.2646377
$1000
</TABLE>
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<TABLE>
Series 1995-1 Owner Trust Calculations
Due Period October 1999
Payment Date Nov 15, 1999
Optimum Monthly Principal [a+b+c]
<S> <C>
(a) Available Investor Principal Collections 8,887,416.72
(b) Series Participation Interest Charge Offs 0.00
(c) Lesser of Excess Interest and Carryover 0.00
Charge offs
Accelerated Principal Payment 72,341.50
Series Participation Interest Monthly Interest 1,888,113.02
Allocation of Optimum Monthly Principal and
Series Part. Interest Monthly Interest
Interest and Yield
Pay Class A Interest Distribution- Sec. 843,785.50
3.05(a)(i)(a)
Pay Class B Interest Distribution- Sec. 667,262.88
3.05(a)(i)(b)
Pay Certificates the Certificate Yield- Sec. 67,357.95
3.05(a)(i)(c)
Principal up to Optimum Monthly Principal
Balance
Pay Class A to Targeted Principal Balance- 4,369,382.45
Sec. 3.05(a)(ii)(a)
Pay Class B to Targeted Principal Balance 3,288,344.19
subject to Min Adj Bal- Sec. 3.05(a)(ii)(b)
Pay Certificate Yield if not paid pursuant to 0.00
Sec. 3.05 (a)(i)(c)
Principal up to Optimal Monthly Principal
Pay Certificate to Targeted Principal Balance 311,059.58
subject to Min Adj Bal- Sec. 3.05(a)(iii)
Pay OC Remaining Optimal Monthly Prin Amt 918,630.50
subject to OC Min Bal- Sec. 3.05(a)(iv)
Principal up to Accelerated Principal Payment
Amout
Pay Class A to Targeted Principal Balance 0.00
subject to Min Adj Bal- Sec. 3.05(a)(v)(a)
Pay Class B to Targeted Principal Balance 0.00
subject to Min Adj Bal- Sec. 3.05(a)(v)(b)
Pay Class A to zero- Sec. 3.05(a)(v)(c) 72,341.50
Pay Class B to zero- Sec. 3.05(a)(v)(d) 0.00
Principal up to Optimal Monthly Principal
Pay Class A to zero- Sec. 3.05(a)(vi)(a) 0.00
Pay Class B to zero- Sec. 3.05(a)(vi)(b) 0.00
Pay Certificates up to Certificate Minimum 0.00
Balance or zero- Sec. 3.05(a)(vi)(c)
Pay HCLC Optimum Monthly Principal provided 0.00
OC >0- Sec. 3.05(a)(vi)(d)
Remaining Amounts to Holder of Designated 237,365.19
Certificate - Sec. 3.05(a)(vii)
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Allocations of Distributions to
Overcollateralization Amount
Available Distributions
Pay OC Remaining Optimal Monthly Prin Amt 918,630.50
subject to OC Min Bal- Sec. 3.05(a)(iv)
Pay HCLC Optimum Monthly Principal 0.00
provided OC >0- Sec. 3.05(a)(vi)(d)
To Designated Certificate Holder up to total 72,341.50
Accelerated Principal Payments
To Designated Certificate Holder up to Holdback 846,289.00
Amount
To HCLC any remaining amounts 0.00
Principal paid to the Designated Certificate 3,120.45
</TABLE>
