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Get SEC 10-D 2007

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the monthly distribution period from August 1, 2007 to August 31, 2007 Commission File Number of issuing entity: 333-132348-06 HSBC Home Equity Loan Trust (USA) 2007-1 (Exact name of issuing entity as specified in its charter) Commission File Number of Depositor: 333-132348-01 HSBC Home Equity Loan Corporation II (Exact name of depositor as specified in its charter) HSBC Finance Corporation (Exact nam.

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