Verizon Wireless has a unique way of scoring cell phone customers that weeds out the very worst credits - the "never pays" - allowing it to finance contracts with a wider range of credit scores in the securitization market.

As a result, the carrier’s latest offering, the $1.96 billion Verizon Owner Trust 2017-1, is able to add a significant segment of higher-risk customers without impacting the overall credit quality of the pool of handset receivables financing.

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