Complaint Review: Lear Financial, Inc. - Santa Monica California
- Lear Financial, Inc. 429 Santa Monica Blvd. Ste.440 Santa Monica, California United States of America
- Phone: 310-656-3272
- Web:
- Category: Financial Services
Lear Financial REVIEW: Excellent customer service is Lear Financials number one priority. We are committed to ensuring our clients success through the timely investment in gold, silver and other precious metals.
*UPDATE: Lear Financial pledges their commitment to always improving their operations by joining Rip-off Reports Corporate Advocacy, Business Remediation and Customer Satisfaction Program. This program benefits the consumer by increasing their confidence when doing business with a member business. Lear Financial is recognized by Rip-off Report as a Verified Safe business.
*Consumer Comment: lear financial went out of there way for me
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Editors UPDATE: Positive rating and recognition has been given to Lear Financial for its commitment to excellence in customer service.
Ripoff Reports discussions with Lear Financial have assured us that Lear Financial has made customer satisfaction a core principle and that Lear is constantly seeking ways to improve its already high standard of customer care. This means that Lear Financial will provide accurate, timely and courteous information to its clientele and that Lear staff will work quickly to satisfactorily resolve any client questions or concerns.
It also means that Lear is committed to learning from its customers through regular, voluntary follow-up calls and conversations. This feedback helps Lears customer care team to correct any mistakes and to ensure an even higher standard of customer service in the future.
Rip-Off Reports was pleased to learn that Lear Financials president, Kevin DeMeritt, deliberately focused on excellent customer service as a business hallmark in order to make Lear stand out from other gold and precious metals investing firms. Indeed, great customer service is what DeMeritt terms the Lear Advantage.
As an investment industry leader, Mr. DeMeritt understands that Lear clients investments are precious and that Lear has a responsibility to meet the highest standards of transparency, integrity and customer assurance. Lears goal is to establish a long-term relationship with its clients and understands that it can only do so by providing them with the best and most timely information and guidance.
A top executive at Lear Ripoff Report that Mr. DeMeritt is an innovator constantly looking for ways to provide added value to his customers. Kevin understands that the world is changing and that investors needs change just as fast. He strives to provide clients with real-time answers to real-time questions about precious metals investing. His goal is to provide the best and most responsive customer service in the industry, whether through knowledgeable and friendly customer care representatives, or through constantly-updated information on Lears full-service website. Kevins philosophy is: Never make a customer wait, never make a customer wonder.
Lear Financials customer care team notes that the expertise of Lears senior management gives Lear clients confidence. DeMeritt, predicted the market crash of 2001 on national radio and the ensuing strength of gold as an investment. He has steered Lear to a position as one of the most prominent precious metals investing companies in America, with frequent endorsements from a range of media leaders, including the Rush Limbaugh Show, Michael Medved, Dennis Prager, George Noory, Laura Ingraham, Mike Gallagher, Oliver North, Noah Hutchings, the late Marlin Maddoux and many others.
More importantly, DeMeritt and his team have helped thousands of investors protect their savings and retirement through the well-timed purchase of precious metals. As a result, Lear clients report high customer satisfaction.
Lear Financial recognizes that complaints posted on Rip-off Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Rip-off Reports Investigation Lear Financial has instituted systematic changes to ensure that problems are resolved quickly and quality standards remain high.
In summary, after our investigation, which included discussions with Mr. DeMeritt and many of his past and current associates, Rip-off Report is convinced that Lear Financial is committed to delivering high quality services resulting in total client satisfaction.
Read more about why consumers should feel confident when doing business with a member of Rip-off Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, its a long name for a program that does a lot for both consumers and businesses alike.
Read about Rip-off Report Corporate Advocacy Business Remediation & Customer Satisfaction Program,.. A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. this program works.
SPECIAL NOTE ABOUT MOST OF THE REPORTS FILED ABOUT LEAR CAPITAL:
As a matter of policy, when a business becomes a member of the Corporate Advocacy Business Remediation and Customer Satisfaction Program they agree to allow Ripoff Report to contact every person who filed a complaint so they can make things right with them. In order to confirm that each and every complaint was resolved, Ripoff Report emailed the author of all the reports about Lear Financial.. Fortunately, the posting of false reports is not the norm, .. ..Sadly in this case, most of the reports posted about Lear were filed by the same person., and the Reports that were not posted by the same person all looked suspicious.. Ripoff Report has the evidence. Ripoff Report waited more than 2 weeks to post this UPDATE. As of today, Ripoff Report has not heard back from one person regarding any Report about Lear Financial.
It is the opinion of Ripoff Report, because the Precious Metals industry is so competitive, that it is more than likely unscrupulous cut-throat competitors posted the reports about Lear. Executives at Lear admit to Ripoff Report they are not perfect, as no company or individual ever is, but, the people at Lear have made a commitment to do their best to always do right and what is fair by their customers. If any of our readers feels a member of the Corporate Advocacy Program did not do right by them, to please contact us here at Ripoff Report. editor@ripoffreport.com
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NOW TO THE ORIGINAL REPORT THAT WAS FILED
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Lear Financial, Inc. Excessive fees on purchase-not informed at time of purchase-29% fees charged Santa Monica California
In 2005 we purchased gold coins from Lear Financial in the amount totalling $20,626.00. We felt we had made sound investments.
In 2007 we requested a detailed evaluation of our holdings with Lear Financial. We were advised, in writing, that the value of our portfolio at
that time, was $15,151.00. Of course we were in shock. When we called for an explanation, we were told that $5,475.00 was their commission.
Since the value of Gold on April 21, 2008 was $915.10, we inquired what our portfolio was valued at. To our dismay we were informed, again in writing, that now our holdings with Lear Financial were valued at $14,191.00.
We found it totally unbelievable!
Needless to say, we, being senior citizens, feel we are being ripped off by this Corporation. The senior acount representative who always is the bearer of this news, is Chase Greenich.
Mimi
fountain inn, South Carolina
U.S.A.
This report was posted on Ripoff Report on 04/22/2008 06:19 PM and is a permanent record located here: https://www.ripoffreport.com/reports/lear-financial-inc/santa-monica-california-90401/lear-financial-review-excellent-customer-service-is-lear-financials-number-one-priority-328155. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Comment
lear financial went out of there way for me
AUTHOR: Larry From Arroyo - (U.S.A.)
SUBMITTED: Tuesday, August 19, 2008
i keep seing posts against lear financial to the above post im very sorry i hope god makes up your loss however what goes up must come down . I had to tell about what lear did for me i placed a 1000$ silver order then within hours the price dropped 15 percent I called them back and explained my situation and they replaced my order no charge & sold me the coins at new lower price they did not have to do it is against their rules and they lost nearly 15 percent in doing so. also there were no HIDDEN fees on my order. i also had called several gold companys the same day same time and even before lear financial changed my order they had lower coin prices by 5% and i checked every dealer i could find . overall lear financial treated me exelent & I would recomend them in fact I've told all my friends about the great deal I recieved on my silver , Larry


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