Exhibit 99.1
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
I. Original Deal Parameters
Initial Pool Balance | Initial Adjusted Pool Balance |
Initial Number of Receivables |
Weighted Average Remaining Installments at Initial Cutoff Date (in months) |
|||||||||||||
Receivables |
$ | 1,416,970,674.43 | $ | 1,340,782,534.42 | 2,379,775 | 20.0 |
Offered Notes |
Issuance Note Balance | Note Interest Rate | Final Maturity Date | |||||||||
Class A Note |
$ | 1,069,300,000.00 | 0.41 | % | 04/21/2025 | |||||||
Class B Note |
$ | 73,700,000.00 | 0.67 | % | 04/21/2025 | |||||||
Class C Note |
$ | 57,000,000.00 | 0.77 | % | 04/21/2025 | |||||||
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|
|||||||||||
Total |
$ | 1,200,000,000.00 |
II. Available Funds
Collections (Excluding Temporarily Excluded Receivables) |
||||
Payments (scheduled and delinquent) |
$ | 122,014,075.22 | ||
Prepayments in Full |
$ | 14,226,539.07 | ||
Less: Supplemental Servicing Fee, Collections on Acquired Receivables, and Collections on Written Off Receivables |
$ | 0.00 | ||
Sub-total |
$ | 136,240,614.29 | ||
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|
|||
Other |
||||
Acquisition Amounts (repurchases) |
$ | 1,061,849.73 | ||
Credit Payments |
$ | 1,574,856.17 | ||
Upgrade Payments |
$ | 4,352,658.52 | ||
Any amounts deposited by the Class A Certificateholder to acquire the Receivables* |
$ | 0.00 | ||
Negative Carry Account Draw Amount, and related amounts** |
$ | 0.00 | ||
Reserve Account Draw Amount, and related amounts*** |
$ | 0.00 | ||
Cap Payment |
$ | 0.00 | ||
Sub-total |
$ | 6,989,364.42 | ||
|
|
|||
Available Funds |
$ | 143,229,978.71 | ||
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|
* | Includes Optional Acquisition, Clean-up Redemption, and Optional Redemption. |
** | Deposits into the Collection Account from the Negative Carry Account and, on the first Payment Date during the Amortization Period, the entire amount on deposit in the Negative Carry Account and the Acquisition Account. |
*** | Any amount in excess of the Required Reserve Amount remaining on deposit in the Reserve Account after withdrawing the Reserve Account Draw Amount from the Reserve Account. |
1
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
III. Distribution
Amount Due | Amount Paid | Shortfall | Carryover Shortfall |
Remaining Available Funds |
||||||||||||||||
Indenture Trustee Fee |
$ | 1,000.00 | $ | 1,000.00 | $ | 0.00 | $ | 0.00 | $ | 143,228,978.71 | ||||||||||
Owner Trustee Fee |
$ | 1,250.00 | $ | 1,250.00 | $ | 0.00 | $ | 0.00 | $ | 143,227,728.71 | ||||||||||
Asset Representations Reviewer Fee |
$ | 416.67 | $ | 416.67 | $ | 0.00 | $ | 0.00 | $ | 143,227,312.04 | ||||||||||
Expenses of the Trustees and Asset Representations |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 143,227,312.04 | ||||||||||
Reviewer |
||||||||||||||||||||
Servicing Fee |
$ | 837,989.10 | $ | 837,989.10 | $ | 0.00 | $ | 0.00 | $ | 142,389,322.94 | ||||||||||
Class A Note Accrued Note Interest |
$ | 365,344.17 | $ | 365,344.17 | $ | 0.00 | $ | 0.00 | $ | 142,023,978.77 | ||||||||||
First Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 142,023,978.77 | ||||||||||
Class B Note Interest |
$ | 41,149.17 | $ | 41,149.17 | $ | 0.00 | $ | 0.00 | $ | 141,982,829.60 | ||||||||||
Second Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 141,982,829.60 | ||||||||||
Class C Note Interest |
$ | 36,575.00 | $ | 36,575.00 | $ | 0.00 | $ | 0.00 | $ | 141,946,254.60 | ||||||||||
Third Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 141,946,254.60 | ||||||||||
Regular Priority Principal Payment1 |
$ | 172,379,145.02 | $ | 141,946,254.60 | $ | 30,432,890.42 | $ | 0.00 | $ | 0.00 | ||||||||||
Accelerated Note Balances |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Additional Successor Servicer Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Reserve Account up to Required Reserve Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Acquisition Deposit Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Negative Carry Deposit Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Make-Whole Payments |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Additional Fees and Expenses of the Trustees and Asset |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Representations Reviewer |
||||||||||||||||||||
Additional Issuer Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
Equity Interest to the Certificateholders |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
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|
|
|
|
|
|||||||||||||||
Total |
$ | 173,662,869.13 | $ | 143,229,978.71 | $ | 30,432,890.42 | ||||||||||||||
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|
|
|
|
|
Principal Payment: |
||||
First Priority Principal Payment |
$ | 0.00 | ||
Second Priority Principal Payment |
$ | 0.00 | ||
Third Priority Principal Payment |
$ | 0.00 | ||
Regular Principal Payment |
$ | 141,946,254.60 | ||
Accelerated Note Balances |
$ | 0.00 | ||
|
|
|||
Total |
$ | 141,946,254.60 | ||
|
|
1 | The Overcollateralization Target Amount percentage increased from 10.50% to 14.50% as the transaction has entered the amortization period and all of the floor credit enhancement composition tests are met. The Overcollateralization increased from 10.50% to 11.97% of the adjusted pool balance as of the last day of the August 2022 collection period. |
2
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
IV. Noteholder Payments
Note Balance Payment |
Interest Payment | Make Whole Payment |
Total Payment | |||||||||||||
Class A Note |
$ | 141,946,254.60 | $ | 365,344.17 | $ | 0.00 | $ | 142,311,598.77 | ||||||||
Class B Note |
$ | 0.00 | $ | 41,149.17 | $ | 0.00 | $ | 41,149.17 | ||||||||
Class C Note |
$ | 0.00 | $ | 36,575.00 | $ | 0.00 | $ | 36,575.00 | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 141,946,254.60 | $ | 443,068.34 | $ | 0.00 | $ | 142,389,322.94 | ||||||||
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|
|
|
|
|
|
|||||||||
Note Balance per $1,000 of Notes |
Interest Payment per $1,000 of Notes |
Make Whole Payment per $1,000 of Notes |
Total Payment per $1,000 of Notes |
|||||||||||||
Class A Note |
$ | 867.25 | 0.39 | $ | 0.00 | 153.46 | ||||||||||
Class B Note |
$ | 1,000.00 | 0.56 | $ | 0.00 | 0.56 | ||||||||||
Class C Note |
$ | 1,000.00 | 0.64 | $ | 0.00 | 0.64 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total |
$ | 881.71 | 0.42 | $ | 0.00 | 134.58 | ||||||||||
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|
|
As of Prior Payment Date | As of Current Payment Date | |||||||||||||||
Balance | Note Pool Factor | Balance | Note Pool Factor | |||||||||||||
Class A Note |
$ | 1,069,300,000.00 | 1.00 | $ | 927,353,745.40 | 0.87 | ||||||||||
Class B Note |
$ | 73,700,000.00 | 1.00 | $ | 73,700,000.00 | 1.00 | ||||||||||
Class C Note |
$ | 57,000,000.00 | 1.00 | $ | 57,000,000.00 | 1.00 | ||||||||||
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|
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|
|
|||||||||
Total |
$ | 1,200,000,000.00 | 1.00 | $ | 1,058,053,745.40 | 0.88 | ||||||||||
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|
3
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
V. Reconciliation of Pool Balance and Pool Information
Beginning of Period Pool Balance |
$ | 1,392,106,678.90 | ||
Less: Collections, Prepayments in Full, Credit Payments, and Upgrade Payments |
$ | 142,168,128.98 | ||
Less: Acquired Receivables |
$ | 1,104,974.50 | ||
Less: Write Offs |
$ | 3,207,540.30 | ||
Plus: Principal Balance of Additional Receivables at Cutoff Date |
$ | 0.00 | ||
Ending of Period Pool Balance |
$ | 1,245,626,035.12 | ||
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|
End of Prior Period | End of Period | |||||||
Pool Balance |
$ | 1,392,106,678.90 | $ | 1,245,626,035.12 | ||||
Less: Principal Balance Temporarily Excluded Receivables |
$ | 0.00 | $ | 0.00 | ||||
Less: YSOC Amount |
$ | 51,324,116.60 | $ | 43,730,298.30 | ||||
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|
|
|
|||||
Adjusted Pool Balance |
$ | 1,340,782,562.30 | $ | 1,201,895,736.82 | ||||
Weighted Average Remaining Term (Months) |
13.1 | 12.4 | ||||||
Number of Receivables Outstanding |
4,023,925 | 3,819,383 |
VI. Overcollateralization Information
End of Prior Period | End of Period | |||||||||||||||
Adjusted Pool Balance |
$ | 1,340,782,562.30 | $ | 1,201,895,736.82 | ||||||||||||
Greater of (i) and either (ii) or (iii) |
||||||||||||||||
(i) 1.00% of the Adjusted Pool Balance as of the Closing Date |
1.00 | % | $ | 13,407,825.34 | 1.00 | % | $ | 13,407,825.34 | ||||||||
(ii) 14.50% of the Adjusted Pool Balance (Passing Floor Credit Enhancement Composition Tests) |
10.50 | % | $ | 140,782,122.91 | 14.50 | % | $ | 174,274,881.84 | ||||||||
(iii) 17.50% of the Adjusted Pool Balance (Failing Floor Credit Enhancement Composition Tests) |
13.50 | % | $ | 187,283,236.99 | 17.50 | % | $ | 210,331,753.94 | ||||||||
Overcollateralization Target Amount |
10.50 | % | $ | 140,782,122.91 | 14.50 | % | $ | 174,274,881.84 | ||||||||
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|
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Excess Receivables (Adjusted Pool Balance - Note Balance - Overcollateralization Target Amount) 1 |
$ | 439.39 | ($ | 30,432,890.42 | ) |
VII. Reconciliation of Reserve Account
Beginning of Period Reserve Account Balance |
$ | 13,407,825.34 | ||
Add: Reserve Deposit Amount |
$ | 0.00 | ||
Less: Reserve Account Draw Amount |
$ | 0.00 | ||
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|
|||
End of Period Reserve Account Balance |
$ | 13,407,825.34 | ||
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|
|||
Required Reserve Amount |
$ | 13,407,825.34 | ||
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|
1 | The Overcollateralization Target Amount percentage increased from 10.50% to 14.50% as the transaction has entered the amortization period and all of the floor credit enhancement composition tests are met. The Overcollateralization increased from 10.50% to 11.97% of the adjusted pool balance as of the last day of the August 2022 collection period. |
4
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
VIII. Reconciliation of Acquisition Account
Beginning of Period Acquisition Account Balance |
$ | 0.00 | ||
Add: Acquisition Deposit Amount |
$ | 0.00 | ||
Less: Aggregate Additional Receivables Cash Transfer Amount |
$ | 0.00 | ||
Less: Amounts Deposited into Certificate Distribution Account |
$ | 0.00 | ||
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|
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End of Period Acquisition Account Balance |
$ | 0.00 | ||
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|
IX. Reconciliation of Negative Carry Account
Beginning of Period Negative Carry Account Balance |
$ | 0.00 | ||
Add: Negative Carry Deposit Amount |
$ | 0.00 | ||
Less: Negative Carry Account Draw Amount |
$ | 0.00 | ||
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|
|||
End of Period Negative Carry Account Balance |
$ | 0.00 | ||
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|
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Required Negative Carry Amount |
$ | 0.00 | ||
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X. Write Offs and Delinquent Receivables
Number of Receivables | Amount | % of End of Period Pool Balance |
||||||||||
Written Off Receivables in Current Collection Period |
10,146 | $ | 3,207,540.30 | 0.26 | % | |||||||
Cumulative Gross Written Off Receivables through Preceding Collection Period |
162,778 | $ | 67,899,819.88 | |||||||||
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Cumulative Gross Written Off Receivables for all Collection Periods |
172,924 | $ | 71,107,360.18 | |||||||||
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Delinquent Receivables: |
||||||||||||
1 - 30 Days Delinquent |
352,879 | $ | 121,870,400.40 | 9.78 | % | |||||||
31 - 60 Days Delinquent |
28,609 | $ | 9,792,711.94 | 0.79 | % | |||||||
61 - 90 Days Delinquent |
11,537 | $ | 3,658,269.30 | 0.29 | % | |||||||
91 - 120 Days Delinquent |
10,086 | $ | 3,169,360.10 | 0.25 | % | |||||||
Over 120 Days Delinquent |
7,978 | $ | 2,565,887.33 | 0.21 | % | |||||||
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|
|||||||
Total Delinquent Receivables at the End of Collection Period |
411,089 | $ | 141,056,629.07 | 11.32 | % | |||||||
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Ratio of Aggregate Principal Balance of Written Off Receivables to the Beginning of Collection Period Pool Balance: |
| |||
Second Preceding Collection Period |
0.23 | % | ||
Proceeding Collection Period |
0.24 | % | ||
Current Collection Period |
0.23 | % | ||
Sum of the three above multiplied by four |
2.79 | % | ||
Ratio of Aggregate Principal Balance of Receivables 91+ Days Delinquent to the End of Collection Period Pool Balance: |
||||
Second Preceding Collection Period |
0.47 | % | ||
Proceeding Collection Period |
0.44 | % | ||
Current Collection Period |
0.46 | % | ||
Three Month Average |
0.46 | % |
5
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
XI. Monthly Amortization Event Tests
Ratio | In Compliance? | |||||||
1) Failure in paying Accrued Note Interest on any Payment Date |
N/A | Yes | ||||||
2) Failure in depositing Required Reserve Amount and Required Negative Carry Amount |
N/A | Yes | ||||||
3) For any Payment Date, the sum of the percentages for each of the prior three Collection Periods calculated as the aggregate Principal Balance of Written Off Receivables during each such Period divided by the aggregate Pool Balance as of the first day of each such Period, multiplied by four, exceeds 10% |
2.79 | % | Yes | |||||
4) For any Payment Date, the sum of the percentages for each of the prior three Collection Periods calculated as the aggregate Principal Balance of all Receivables that are 91 days or more Delinquent at the end of each such Period divided by the aggregate Pool Balance as of the last day of each such Period, divided by three, exceeds 2.00% |
0.46 | % | Yes | |||||
5) The Adjusted Pool Balance is less than 50% of the aggregate Note Balance of the Notes |
114 | % | Yes | |||||
6) On any Payment Date, the amount of Overcollateralization for the Notes does not equal the Overcollateralization Target Amount; provided, that if the Overcollateralization Target Amount is not reached on any Payment Date solely due to a change in the Overcollateralization Target Amount percentage, such an event will not constitute an Amortization Event unless the Overcollateralization Target Amount is not reached by the third month after the related Payment Date |
N/A | Yes | ||||||
7) Occurrence of a Servicer Termination Event |
N/A | Yes | ||||||
8) Occurrence of an Event of Default |
N/A | Yes |
6
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
Supplemental Report Regarding Additional Receivable Acquired by the Issuer
XII. Additional Receivables Acquired by the Issuer
Acquisition Date | Number of Receivables |
Aggregate Principal Balance |
||||||||||
First Additional Receivables acquired in the Collection Period |
0 | $ | 0.00 | |||||||||
Second Additional Receivables acquired in the Collection Period |
||||||||||||
Acquisition Tests | In Compliance | |||||||||||
Compliance with the Pool Composition Tests (excluding Temporarily Excluded Receivables) upon Acquisition |
Yes | |||||||||||
Compliance with the Credit Enhancement Tests upon Acquisition |
Yes |
XIII. Pool Composition Tests
In Compliance | ||||||||||||
Prior to Purchase | With Purchase | In Compliance | ||||||||||
1) The weighted average FICO® Score of the Obligors with respect to the Receivables (excluding Obligors for which FICO® Scores are not available) was at least 685 |
723 | 723 | Yes | |||||||||
2) Receivables with Obligors for which FICO® Scores are unavailable represent no more than 5.00% of the pool balance |
3.29 | % | 3.29 | % | Yes | |||||||
3) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless represent no more than 28.00% of the pool balance |
15.82 | % | 15.82 | % | Yes | |||||||
4) Receivables with Obligors that have 7 months or more, but less than 24 months of Customer Tenure with Verizon Wireless represent no more than 15.00% of the pool balance |
6.76 | % | 6.76 | % | Yes | |||||||
5) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless represent at least 50.00% of the pool balance |
62.53 | % | 62.53 | % | Yes | |||||||
6) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless and (i) for which FICO® Scores are not available or (ii) that have FICO® Scores below 650 represent no more than 10.00% of the Pool Balance |
5.99 | % | 5.99 | % | Yes | |||||||
7) Receivables with Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless and (i) for which FICO® Scores are not available or (ii) that have FICO® Scores below 650 represent no more than 55.00% of the aggregate principal balance of all Receivables with Obligors that 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless |
36.83 | % | 36.83 | % | Yes | |||||||
8) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless and (i) for which FICO® Scores are not available or (ii) that have FICO® Scores below 650 represent no more than 30.00% of the aggregate principal balance of all Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless |
17.68 | % | 17.68 | % | Yes |
7
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
XIV. Floor Credit Enhancement Composition Tests
In Compliance | ||||||||||||
Prior to Purchase | With Purchase | In Compliance | ||||||||||
1) The weighted average FICO® Score of the Obligors with respect to the Receivables (excluding Obligors for which FICO® Scores are not available) was at least 700 |
723 | 723 | Yes | |||||||||
2) Receivables with Obligors for which FICO® Scores are unavailable represent no more than 4.50% of the pool balance |
3.29 | % | 3.29 | % | Yes | |||||||
3) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless represent no more than 22.00% of the pool balance |
15.82 | % | 15.82 | % | Yes | |||||||
4) Receivables with Obligors that have 7 months or more, but less than 24 months of Customer Tenure with Verizon Wireless represent no more than 12.00% of the pool balance |
6.76 | % | 6.76 | % | Yes | |||||||
5) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless represent at least 55.00% of the pool balance |
62.53 | % | 62.53 | % | Yes | |||||||
6) Receivables with Obligors that have less than 12 months of Customer Tenure with Verizon Wireless and (i) for which FICO® Scores are not available or (ii) that have FICO® Scores below 650 represent no more than 10.00% of the Pool Balance |
5.99 | % | 5.99 | % | Yes | |||||||
7) Receivables with Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless and (i) for which FICO® Scores are not available or (ii) that have FICO® Scores below 650 represent no more than 50.00% of the aggregate principal balance of all Receivables with Obligors that 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless |
36.83 | % | 36.83 | % | Yes | |||||||
8) Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless and (i) for which FICO® Scores are not available or (ii) that have FICO® Scores below 650 represent no more than 27.50% of the aggregate principal balance of all Receivables with Obligors that have 60 months or more of Customer Tenure with Verizon Wireless |
17.68 | % | 17.68 | % | Yes |
8
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
XV. Pool Characteristics as of Most Recent Cutoff Date
Prior to Purchase | With Purchase | |||||||||||
Cutoff Date |
30-Sep-2022 | 31-Oct-2022 | ||||||||||
Number of Receivables |
3,819,383 | 3,819,383 | ||||||||||
Pool Balance |
$ | 1,245,626,035.12 | $ | 1,245,626,035.12 | ||||||||
Average Monthly Payment |
$ | 31.28 | $ | 31.28 | ||||||||
Average Principal Balance |
$ | 326.13 | $ | 326.13 | ||||||||
Weighted Average Remaining Number of Payments |
12.4 | 12.4 | ||||||||||
Customer Tenure |
||||||||||||
0-12 Months | 15.82 | % | 15.82 | % | ||||||||
7-24 Months | 6.76 | % | 6.76 | % | ||||||||
60+ Months | 62.53 | % | 62.53 | % | ||||||||
Geographic Concentration |
||||||||||||
Largest state | CA / 10.35 | % | CA / 10.35 | % | ||||||||
2nd Largest State | TX / 6.22 | % | TX / 6.22 | % | ||||||||
3rd Largest State | FL / 6.18 | % | FL / 6.18 | % | ||||||||
Weighted Average non zero FICO® Scores |
723 | 723 | ||||||||||
Receivables with Obligors with less than 12 months of Customer Tenure with Verizon Wireless and a FICO® Score below 650 (inclusive of Obligors without a FICO® Score) |
|
5.99 | % | 5.99 | % | |||||||
Receivables with Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless, and FICO® Scores below 650 (inclusive of Obligors without a FICO® Score) as a percentage of Obligors that have 12 months or more, but less than 60 months of Customer Tenure with Verizon Wireless |
|
36.83 | % | 36.83 | % | |||||||
Receivables with Obligors with 60 months or more of Customer Tenure with Verizon Wireless and FICO® Scores below 650 (inclusive of Obligors without a FICO® Score) as a percentage of Obligors with 60 months or more of Customer Tenure with Verizon Wireless |
|
17.68 | % | 17.68 | % | |||||||
Obligor without a FICO® score |
|
3.29 | % | 3.29 | % |
XVI. Upgrades
Current Period | To Date | |||||||
Number of Receivables Upgraded |
9,948 | 76,715 | ||||||
Principal Balance of Receivables Upgraded |
$ | 4,352,658.52 | $ | 32,834,156.63 | ||||
Upgrade Payments |
$ | 253,625.47 | $ | 5,361,176.78 | ||||
Failure by Marketing Agent to Make Upgrade Payment |
No | No |
XVII. Asset Representation Review
Aggregate Principal Balance of 60-Day Delinquent Receivables as a Percentage of the Aggregate Balance of Receivables as of the end of the Collection Period |
0.77 | % | ||
Delinquency Trigger |
5.50 | % |
9
Verizon 2020-C
Monthly Investor Report
Collection Period Payment Date Report Month
|
October 2022 11/21/2022 24
|
On and as of the Payment Date to which this Monthly Investor Report related, the Servicer hereby certifies that the information in the Monthly Investor Report is accurate in all material respects.
Cellco Partnership, as Servicer | ||
Dated: November 16, 2022 | ||
By: | /s/ Kee Chan Sin | |
Name: Kee Chan Sin | ||
Title: Vice President and Assistant Treasurer |
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