8-K

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 February 14, 2002
HOUSEHOLD CONSUMER LOAN TRUST 1996-1
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				0-21979	88-0367746
(State or other jurisdiction of incorporation Identification of Administrator)				(Commission File Numbers)	(IRS Employer 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 Series 1996-1 Participants with respect to the distribution on February 14, 2002 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 1996-1 Supplement to the Pooling and Servicing Agreement, (b) Noteholders with respect to the Payment Date on February 15, 2002 as provided for under Section 3.23 of the Indenture dated as of March 1, 1996 between Household Consumer Loan Trust 1996-1 and The Bank of New York, as Indenture Trustee, and (c) Certificateholders with respect to the Payment Date on February 15, 2002 as provided for under Section 5.04 of the Trust Agreement dated as of March 1, 1996 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 1996-1 (Registrant) By: /s/ J. W. Blenke     J.W. Blenke, Authorized Representative
Dated: February 21, 2002
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EXHIBIT INDEX
Exhibit Number		Exhibit
99		Statement to Series 1996-1 Participants with respect to the distribution on February 14, 2002 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 1996-1 Supplement to the Pooling and Servicing Agreement, (b) Noteholders with respect to the Payment Date on February 15, 2002 as provided for under Section 3.23 of the Indenture dated as of March 1, 1996 between Household Consumer Loan Trust 1996-1 and The Bank of New York, as Indenture Trustee, and (c) Certificateholders with respect to the Payment Date on February 15, 2002 as provided for under Section 5.04 of the Trust Agreement dated as of March 1, 1996 between Household Consumer Loan Corporation and The Chase Manhattan Bank (USA), as Owner Trustee.
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EX-99

Household Consumer Loan Trust, 1996-1
Series 1996-1 Owner Trust Calculations
Due Period Ending	Jan 31, 2002
Payment Date	Feb 15, 2002
Calculation of Interest Expense
Index (LIBOR)	1.820000%
Accrual end date, accrual beginning date and days in Interest Period	Feb 15, 2002 Jan 15, 2002 31
	Class A	Class B	Certificates	Overcoll Amount
Beginning Unpaid Principal Balance	76,938,640	51,807,289	5,180,729	14,094,168
Previously unpaid interest/yield	0.00	0.00	0.00
Spread to index	0.22%	0.60%	1.00%
Rate (capped at 13%, 15%, 16%)	2.040000%	2.420000%	2.820000%
Interest/Yield Payable on the Principal Balance	135,156	107,961	12,581
Interest on previously unpaid interest/yield	0	0	0
Interest/Yield Due	135,156	107,961	12,581
Interest/Yield Paid	135,156	107,961	12,581
Summary
Beginning Security Balance	76,938,640	51,807,289	5,180,729	14,094,168
Beginning Adjusted Balance	76,938,640	51,807,289	5,180,729
Principal Paid	3,585,149	2,413,991	241,399	687,415
Ending Security Balance	73,353,491	49,393,298	4,939,330	13,437,590
Ending Adjusted Balance	73,353,491	49,393,298	4,939,330
Ending Certificate Balance as % Participation Interest Invested Amount			0
Targeted Balance	73,384,329	49,393,298	4,939,330
Minimum Adjusted Balance		49,000,000	4,900,000	13,300,000
Certificate Minimum Balance			4,276,613
Ending OC Amount as Holdback Amount				13,437,590
Ending OC Amount as Accelerated Prin Pmts				0
Beginning Net Charge offs	0.00	0.00	0.00	0.00
Reversals	0.00	0.00	0.00	0.00
Charge offs	0.00	0.00	0.00	0.00
Ending Net Charge Offs	0.00	0.00	0.00	0.00
Interest/Yield Paid per $1000	$0.2117098	$0.7924028	$0.4942197
Principal Paid per $1000	$5.6158342	$17.7180588	$9.4832303

EX-99

Series 1996-1 Owner Trust Calculations
Due Period	January 2002
Payment Date	Feb 15, 2002
Optimum Monthly Principal [a+b+c]
(a) Available Investor Principal Collections	6,897,115.82
(b) Series Participation Interest Charge Offs	0.00
(c) Lesser of Excess Interest and Carryover Charge offs	0.00
Accelerated Principal Payment	30,837.67
Series Participation Interest Monthly Interest	414,252.73
Allocation of Optimum Monthly Principal and Series Part. Interest Monthly Interest
Interest and Yield
Pay Class A Interest Distribution- Sec. 3.05(a)(i)(a)	135,155.54
Pay Class B Interest Distribution- Sec. 3.05(a)(i)(b)	107,960.63
Pay Certificates the Certificate Yield- Sec. 3.05(a)(i)(c)	12,580.54
Principal up to Optimum Monthly Principal Balance
Pay Class A to Targeted Principal Balance- Sec. 3.05(a)(ii)(a)	3,554,310.90
Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(ii)(b)	2,413,990.54
Pay Certificate Yield if not paid pursuant to Sec. 3.05 (a)(i)(c)	0.00
Principal up to Optimal Monthly Principal
Pay Certificate to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(iii)	241,399.04
Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv)	687,415.34
Principal up to Accelerated Principal Payment Amout
Pay Class A to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(a)	0.00
Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(b)	0.00
Pay Class A to zero- Sec. 3.05(a)(v)(c)	30,837.67
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 Balance or zero- Sec. 3.05(a)(vi)(c)	0.00
Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi)(d)	0.00
Remaining Amounts to Holder of Designated Certificate - Sec. 3.05(a)(vii)	127,718.35
Allocations of Distributions to Overcollateralization Amount
Available Distributions
Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv)	687,415.34
Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi)	0.00
To Designated Certificate Holder up to total Accelerated Principal Payments	30,837.67
To Designated Certificate Holder up to Holdback Amount	656,577.67
To HCLC any remaining amounts	0.00
Principal paid to the Designated Certificate	2,421.64

EX-99

Household Consumer Loan Trust, Series 1996-1 Deposit Trust Calculations
Previous Due Period Ending	Dec 31, 2001
Current Due Period Ending	Jan 31, 2002
Prior Distribution Date	Jan 14, 2002
Distribution Date	Feb 14, 2002
Beginning Trust Principal Receivables	3,185,336,690.94
Average Principal Receivables	4,021,927,833.22
FC&A Collections (Includes Recoveries)	66,477,508.11
Principal Collections	107,330,738.52
Additional Balances	49,235,557.28
Net Principal Collections	58,095,181.24
Defaulted Amount	26,614,644.87
Miscellaneous Payments	0.00
Principal Recoveries	3,393,710.00
Beginning Participation Invested Amount	148,020,825.34
Beginning Participation Unpaid Principal Balance	148,020,825.34
Ending Participation Invested Amount	141,123,709.52
Ending Participation Unpaid Principal Balance	141,123,709.52
Accelerated Amortization Date	Feb 28, 2001
Is it the Accelerated Amortization Period? 0=No	1
OC Balance as % of Ending Participation Invested Amount (3 month average)	9.522%
Is it Early Amortization? (No, if 3 month OC Average >or=4.75%)	0
Investor Finance Charges and Administrative Collections
Numerator for Floating Allocation	148,020,825.34
Numerator for Fixed Allocation	154,508,771.03
Denominator - Max(Sum of Numerators, Principal Receivables)	4,021,927,833.22
Applicable Allocation Percentage	3.6803%
Investor FC&A Collections	2,446,601.74
Series Participation Interest Default Amount
Numerator for Floating Allocation	148,020,825.34
Denominator - Max(Sum of Numerators, Principal Receivables)	4,021,927,833.22
Floating Allocation Percentage	3.6803%
Series Participation Interest Default Amount	979,510.79
Principal Allocation Components
Numerator for Floating Allocation	148,020,825.34
Numerator for Fixed Allocation	221,746,171.67
Denominator - Max(Sum of Numerators, Principal Receivables)	4,021,927,833.22
Series Participation Interest Monthly Interest
(a) Series Participation Interest Pass Through Rate, [Max(b,c)]	3.2500%
(b) Prime Rate minus 1.50%	3.2500%
(c) Rate Sufficient to Cover Interest, Yield and Accelerated Principal Pmt Amount	2.2480%
(d) Series Participation Interest Unpaid Principal Balance	148,020,825.34
(e) Actual days in the Interest Period	31
Series Participation Monthly Interest, [a*d*e]	414,252.73
Series Participation Interest Interest Shortfall	0.00
Previous Series Participation Interest Interest Shortfall	0.00
Additional Interest	0.00
Series Participation Interest Monthly Principal
Available Investor Principal Collections, [a+m+n]	6,897,115.82
(a) Investor Principal Collections, [Max(b,h) or e]	5,917,605.03
(b) prior to Accelerated Amort. Date or not Early Amort. Period, [c*d]	2,138,103.18
(c) Floating Allocation Percentage	3.6803%
(d) Net Principal Collections	58,095,181.24
(e) after Accelerated Amort Date or Early Amort Period, [f*g]	5,917,605.03
(f) Fixed Allocation Percentage	5.5134%
(g) Collections of Principal	107,330,738.52
(h) Minimum Principal Amount, [Min(i,l)]	1,684,864.07
(i) Floating Allocation Percentage of Principal Collections	3,950,141.61
(j) 1.8% of the Series Participation Interest Invested Amount	2,664,374.86
(k) Series Participation Interest Net Default Payment Amount	979,510.79
(l) the excess of (j) over (k)	1,684,864.07
(m) Series Participation Interest Net Default Payment Amount	979,510.79
(n) Optional Repurchase Amount (principal only) at Sec. 9	0.00
Application of Investor Finance Charges and Admin Collections
Investor Finance Charges and Admin. Collections [Sec. 4.11(a)]	2,446,601.74
Series Servicing Fee paid if HFC is not the Servicer [Sec. 4.11(a)(i)]	0.00
plus any unpaid Series Servicing Fee of other than HFC	0.00
Series Participation Interest Monthly Interest [Sec. 4.11(a)(ii)]	414,252.73
Series Participation Interest Interest Shorfall [Sec. 4.11(a)(ii)]	0.00
Additional Interest [Sec. 4.11(a)(ii)]	0.00
Series Participation Interest Default Amount [Sec. 4.11(a)(iii)]	979,510.79
Reimbursed Series Participation Interest Charge-Offs [Sec. 4.11(a)(iv)]	0.00
Servicing Fee Paid [Sec. 4.11(a)(v)]	246,701.38
Excess [Sec. 4.11(a)(vi)]	806,136.84
Series Participation Investor Charge Off [Sec. 4.12(a)]	0.00
Seller's Interest	1,507,167,919.60