Bullion Dealer Data
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Dealer Data on Lear Capital, Inc.

NameLear Capital, Inc. (Los Angeles, CA)
Address1990 S. Bundy Dr., Suite 600
Los Angeles, CA 90025
Phone1-800-576-9355
1-310-571-0190
OwnersKevin Demeritt (Pres.)
Scott Carter (CEO)
DateStarted1997
Sales~$150M/year
(est.)
BBBA+ (1-year: 15, 3-year: 27). BBB complaints do not indicate a pattern of problems
BCAAAA (3-year: 13). Almost all complaints are at least a year old.
UCCYes: TBD
GovtActionNo
LawsuitsYes
NFACFTCOK
ShipDays<=28: "LCI shall deliver ... [in] no more than twenty-eight (28) days"
LeverageNo
StorageNo
PoolNo
CommissionYes: Per terms 5f.
NameProblemsOK
RareYes: They sell numismatic items.
Comments
Sometimes charges 33% spread on IRA accounts, requiring a 50% increase in the price of metal to break even. I cannot under any circumstances recommend doing business with a company that does that.
Further, makes an exagerrated claim of a high silver price of $54/oz (actual is under $50; see http://about.ag/SilverHigh.htm for details).



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