Anyon know how Verizon's credit scoring works?
 

Hi there-

I was wondering if anyone could shed any light on Verizon's ranking system for customers - it looks like once you're set up with them, you get a "Letter Grade" of some sort credit-wise. What do these mean, and how are they determined?

EDIT - no, before anyone asks, my credit is fine. I'm curious more than anything.

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.

Re: Anyon know how Verizon's credit scoring works?
 

Huh- really interesting stuff. And here I thought it was more linear (like there's an "A" for instance, but it sounds like there isn't).

Thanks for the info!