Porat: Dun & Bradstreet vastly misreported my previous company's data
Sean Porat · EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat · Nov 6, 2016 · at 6:16
Scorely CEO Shawn Porat explains why he founded his credit reporting company by citing inaccurate data on his previous company's Dun & Bradstreet report.
0:00 / 0:20exact quote · 20.0s
720p mp4 · rendered on demand · StarZero watermark
“For that company, we checked our credit report and it said that our credit score was like 25 out of a hundred. Undone. Yeah, undone. It had it had our address from six years ago. It said that we spend 50 dollars a month on expenses. Meanwhile, we're spending about 25,000 dollars a month on expenses. It was just completely inaccurate”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Sean Porat
Porat: Dun & Bradstreet lacks quality data on small businesses
“Dunbar actually does an awesome job at public companies and large private companies, but when you get down to the small business level, you know, they just don't have that great information.”
Porat: Westchester County has $8B in uncollected judgments
“And there's about eight billion dollars in uncollected judgments just in Westchester.”
Porat: Four out of five court judgments go completely uncollected
“So most people think that, Hey, I went to court. I got a 5000 dollar judgment. That's it. I'm going to get paid on this debtor, but four out of five times, you don't see a penny.”
Porat: Dun & Bradstreet charges $120 to $200 per credit report
“Take for example, Dun & Bradstreet charge anywhere between about, I think, a 120 to 200 bucks a report, depending on what you're getting.”