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Re: Anyon know how Verizon's credit scoring works?
Yep you get a letter. Used to sell Verizon but its been over a year now. Here is what I remember.
There are several credit classes.
B and C will both usually get you 0 deposit on consumer accounts up to 5 lines
D is 125 deposit per line up to 5
G is 400 per line
I remember class C being 125 for a business, not sure if thats always the case or not.
Also remember seeing W before, which I think was no credit file found, and if approved will be 400 deposit.
As far as how they're determined, I'm not sure what the cutoffs are. I had asked the Credit Review Dept and they usually didnt know much either as it was all computer driven with set standards. The department mainly existed for exception handling. If I had to guess I bet they just pull a soft hit on your Experian/Equifax/TransUnion report and have a specific cutoff number.
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