Exhibit 99.13

Monthly Investor Report: Verizon Master Trust - VZMT 2025-7



Offered Notes	Anticipated Redemption Date		Final Maturity Date		Issuance Note Balance		SOFR:Days in the Interest Period		Note Interest Rate		SOFR Adjustment Date		SOFR30A		Total
Class A-1a		8/21/28		08/20/2031		$601,430,000.00				3.96%						3.96	%
Class A-1b		8/21/28		08/20/2031		$200,470,000.00		31		SOFR +0.52%		11/13/2025		4.14202%		4.66	%
Class B		8/21/28		08/20/2031		$61,310,000.00				4.21%						4.21	%
Class C		8/21/28		08/20/2031		$36,790,000.00				4.40%						4.40	%


Total						$900,000,000.00



Series 2025-7 Allocation % x Group One Available Funds			$65,417,870.01
Amounts paid by the Cap Counterparty			N/A
Available Subordinated Amounts			$0.00
Amounts drawn on the Reserve Account			$0.00
Amounts released from Principal Funding Account			$0.00
Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption
Total Available Funds			$65,417,870.01



Beginning of Period Reserve Account Balance			$9,809,264.31
Required Reserve Amount			$9,809,264.31
Shortfall in Required Reserve Amount			$0.00
Reserve Account funds needed this period (True/False)			FALSE
Reserve Account draw amount required			0.00
Reserve Account Deposit Amount			$0.00
End of Period Reserve Account Balance			$9,809,264.31



Waterfall Distribution	Amount Due		Amount Paid		Shortfall		Carryover Shortfall		Remaining Available Funds
Master Collateral Agent Fee		$66.52		$66.52		$0.00		$0.00		$65,417,803.49
Owner Trustee Fee		$0.00		$0.00		$0.00		$0.00		$65,417,803.49
Asset Representations Reviewer Fee		$34.89		$34.89		$0.00		$0.00		$65,417,768.60
Supplemental ARR Fee		$139.57		$139.57		$0.00		$0.00		$65,417,629.03
Indenture Trustee Fee		$1,250.00		$1,250.00		$0.00		$0.00		$65,416,379.03
Servicing Fee		$692,784.52		$692,784.52		$0.00		$0.00		$64,723,594.51
Class A-1a Note Interest		$1,984,719.00		$1,984,719.00		$0.00		$0.00		$62,738,875.51
Class A-1b Note Interest		$804,790.27		$804,790.27		$0.00		$0.00		$61,934,085.24
First Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$61,934,085.24
Class B Note Interest		$215,095.92		$215,095.92		$0.00		$0.00		$61,718,989.32
Second Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$61,718,989.32
Class C Note Interest		$134,896.67		$134,896.67		$0.00		$0.00		$61,584,092.65
Third Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Reserve Account up to Required Reserve Amount		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Regular Priority Principal Payment		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Supplemental Successor Servicer Fee		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Additional Interest Amounts		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Make-Whole Payments		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Additional Fees and Expenses		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Additional Trust Expenses		$0.00		$0.00		$0.00		$0.00		$61,584,092.65
Class R Interest		$61,584,092.65		$61,584,092.65		$0.00		$0.00		$0.00


Total		$65,417,870.01		$65,417,870.01		$0.00		$0.00


Total Priority Principal Payments and Additional Interest Amounts										$0.00

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Noteholder Payments	Note Balance		PFA Account		Interest Payment		Add’l Interest		Make-Whole		Total Payment
Class A-1a		$0.00		$0.00		$1,984,719.00		$0.00		$0.00		$1,984,719.00
Class A-1b		$0.00		$0.00		$804,790.27		$0.00		$0.00		$804,790.27
Class B		$0.00		$0.00		$215,095.92		$0.00		$0.00		$215,095.92
Class C		$0.00		$0.00		$134,896.67		$0.00		$0.00		$134,896.67

Total		$0.00		$0.00		$3,139,501.86		$0.00		$0.00		$3,139,501.86



Noteholder Payments	Note Balance		Payment per $1,000 of Notes						As of Prior Payment Date				Current Payment Date
Noteholder Payments	per $1,000 of Notes		Interest Payment		Make-Whole Payment		Total Payment		Balance		Note Pool Factor		Balance		Note Pool Factor
Class A-1a		$1,000.00		$3.30		$0.00		$3.30		$601,430,000.00		1.00		$601,430,000.00		1.00
Class A-1b		$1,000.00		$4.01		$0.00		$4.01		$200,470,000.00		1.00		$200,470,000.00		1.00
Class B		$1,000.00		$3.51		$0.00		$3.51		$61,310,000.00		1.00		$61,310,000.00		1.00
Class C		$1,000.00		$3.67		$0.00		$3.67		$36,790,000.00		1.00		$36,790,000.00		1.00

Total		$1,000.00		$3.49		$0.00		$3.49		$900,000,000.00		1.00		$900,000,000.00		1.00



	Beginning Period		Add: Deposit		Ending Period
Principal Funding Account Limit	$	450,000,000.00			$	450,000,000.00
Principal Funding Account balance		$0.00		$0.00		$0.00

Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.

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Collection Period

Payment Date

Transaction Month

Series Status at End of Prior Payment Date

October 2025

11/20/2025

Revolving

Verizon Master Trust 10-D