MONTHLY SERVICING STATEMENT

Household Mortgage Loan Trust 2002-HC1

Payment Number	36
Beginning Date of Collection Period	01-Jun-05
End Date of Collection Period	30-Jun-05
Payment Date	20-Jul-05
Previous Payment Date	20-Jun-05



Funds Disbursement
Collected Funds	14,249,330.40
Available Payment Amount	14,132,657.18
Principal Collections	11,941,960.40
Interest Collections (net of servicing fee)	2,190,696.78
Net of Principal Recoveries	2,068,277.11
Principal Recoveries	122,419.67
Servicing Fee	116,673.22
Skip-A-Pay Advance	0.00
Skip-A-Pay Reimbursement	0.00

Disbursements	14,249,330.40
Interest Paid to Notes	619,635.35
Principal Paid to Notes	2,894,557.29
Transferor - pursuant to 5.01 (a) (xii)	10,618,464.54
Servicing Fee	116,673.22

Pool Balance
Beginning Pool Balance	280,015,723.60
Principal Collections (including repurchases)	11,941,960.40
Additional Principal Reduction Amount	1,066,985.24
Ending Pool Balance	267,006,777.96

Collateral Performance
Cash Yield (% of beginning balance)	9.36%
Loss Rate (net of principal recoveries; % of beginning balance)	4.05%
Net Yield	5.32%
Realized Losses	944,565.57
Cumulative Realized Losses	19,443,197.43
Cumulative Loss Percentage	1.72%
Delinquent Loans
One Payment Principal Balance of loans	16,534,206.27
One Payment Number of loans	161
Two Payments Principal Balance of loans	3,934,148.76
Two Payments Number of loans	35
Three+ Payments Principal Balance of loans	26,523,676.51
Three+ Payments Number of loans	264

Two+ Payments Delinquency Percentage	11.41%
Two+ Payments Rolling Average	11.73%

Mortgage Loan Detail
Number of loans purchased or substituted pursuant to Section 2.02	0
Principal Balance of loans purchased or substituted pursuant to Section 2.02
Number of loans purchased or substituted pursuant to Section 2.04	0
Principal Balance of loans purchased or substituted pursuant to Section 2.04
Number of loans purchased or substituted pursuant to Section 3.01	0
Principal Balance of loans purchased or substituted pursuant to Section 3.01
Substitution Adjustment Amounts	0.00
Number outstanding beginning of period	2,724
Number outstanding end of period	2,608
Number of REO as of the end of the Collection Period	84
Principal Balance of REO as of the end of the Collection Period	6,687,005.32

Overcollateralization
Begin OC Amount	74,196,015.06
OC Release Amount	10,114,388.35
Extra Principal Payment Amount	0.00
End OC Amount	64,081,626.71

Target OC Amount	64,081,626.71
Interim OC Amount	74,196,015.06
Interim OC Deficiency	0.00

Monthly Excess Cashflow	504,076.19
Principal Payment Amount	1,827,572.05
Principal Collections	11,941,960.40
OC Release Amount	10,114,388.35

Other
Stepdown	Yes
Trigger Event	No
Event of Default	No
Master Servicer Termination Event	No
Cut-Off Date Pool Balance	1,130,116,218.14
Accrued Servicing Fee unpaid for previous Collection Periods	0.00

Interest Calculations
1 month LIBOR	3.26000%
Class A Formula Rate (1-mo. Libor plus 30bps)	3.56000%
Class A Note Rate	3.56000%
Class M Formula Rate (1-mo. Libor plus 65bps)	3.91000%
Class M Note Rate	3.91000%
Available Funds Cap	9.30207%

Class A Noteholder's Statement
A. Information on Payments
1. Total Payment per $1,000	3.335045
2. Principal Payment per $1,000	2.754080
3. Interest Payment per $1,000	0.580965

B. Calculation of Class A Interest Due & Paid
1. Class A Note Rate	3.56000%
2. Days in Accrual Period	30

3. Class A Interest Due	518,680.48
4. Class A Interest Paid	518,680.48
5. Class A Supplemental Interest Amount Paid	0.00
6. Class A Interest Carry Forward Amount Paid	0.00

7. Class A Unpaid Interest Carry Forward Amount, EOP	0.00
8. Class A Unpaid Supplemental Interest Amount, EOP	0.00

C. Calculation of Class A Principal Due & Paid
1. Class A Note Principal Amount, BOP	174,836,117.57
2. Class A Principal Due	2,458,817.78
3. Class A Principal Paid	2,458,817.78
4. Class A Principal Carry Forward Amount Paid	0.00
5. Class A unpaid Principal Carry Forward Amount	0.00
6. Class A Note Principal Amount, EOP	172,377,299.79

7. Class A Pool Factor
a. Beginning Note Principal Amount as a % of Original Note Principal Amount
b. Ending Note Principal Amount as a % of Original Note Principal Amount
8. Ending Class A Note Principal Amount as a % of the Pool Balance, EOP

Class M Noteholder's Statement
A. Information on Payments
1. Total Payment per $1,000	3.392162
2. Principal Payment per $1,000	2.754080
3. Interest Payment per $1,000	0.638083

B. Calculation of Class M Interest Due & Paid
1. Class M Note Rate	3.91000%
2. Days in Accrual Period	30

3. Class M Interest Due	100,954.87
4. Class M Interest Paid	100,954.87
5. Class M Supplemental Interest Amount Paid	0.00
6. Class M Interest Carry Forward Amount Paid	0.00

7. Class M Unpaid Interest Carry Forward Amount, EOP	0.00
8. Class M Unpaid Supplemental Interest Amount, EOP	0.00

C. Calculation of Class M Principal Due & Paid
1. Class M Note Principal Amount, BOP	30,983,590.97
2. Class M Principal Due	435,739.51
3. Class M Principal Paid	435,739.51
4. Class M Principal Carry Forward Amount Paid	0.00
5. Class M Unpaid Principal Carry Forward Amount	0.00
6. Class M Note Principal Amount, EOP	30,547,851.46

7. Class M Pool Factor
a. Beginning Note Principal Amount as a % of Original Note Principal Amount
b. Ending Note Principal Amount as a % of Original Note Principal Amount
8. Ending Class M Note Principal Amount as a % of the Pool Balance, EOP


HSBC FINANCE CORPORATION, successor by merger to
Household Finance Corporation ("HSBC Finance")
Household Mortgage Loan Trust 2002-HC1


The undersigned, a duly authorized representative of HSBC Finance
Corporation, successor by merger to Household Finance Corporation ("HSBC Finance"),
as Master Servicer ( the "Servicer" ), pursuant to a Sale and Servicing
Agreement dated as of July 3, 2002 (the "Sale and Servicing Agreement"), by and among
Household Mortgage Funding Corporation III, as Depositor, Household Mortgage Loan
Trust 2002-HC1, the Servicer, and JPMorgan Chase Bank as Indenture Trustee, does
hereby certify with respect to the information set forth below as follows:

1. Capitalized terms used in this Certificate shall have the respective
meanings set forth in the Sale and Servicing Agreement.

2. HSBC Finance is, as of the date hereof, the
Master Servicer under the Sale and Servicing Agreement.

3. The undersigned is a Servicing Officer.

4. This Certificate relates to the Payment Date occurring on July 20, 2005

5. As of the date hereof, to the best knowledge of the undersigned, the
Servicer has performed in all material respects all its obligations
under the Sale and Servicing Agreement through the Collection Period
preceding such Payment Date.

6. As of the date hereof, to the best knowledge of the undersigned, no
Event of Default has been deemed to have occurred on or prior to
such Payment Date.


IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate the 13th day of July, 2005.

HSBC FINANCE CORPORATION
as Master Servicer,



BY: /s/ J. A. Bevacqua
A Servicing Officer

HOUSEHOLD MORTGAGE LOAN TRUST 2002 HC1 8-K