Pros
-Unusually high compensation with little experience. (Easily 6 figures in a larger branch- Mostly due to commission and quarterly bonuses) -The health care coverage is slightly better than average -401K with company match
Cons
- Work life balance is horrendous. Be prepared to work 60-65 hours per week (Whether that is when sales are low or trying to sustain great sales metrics) - Expect to work until 8-9pm with same day notice (No advance notice) - The companies direct competition (i.e. One Main Financial, Republic Finance) are years ahead of Tower Loan in regards to policies, technology, and practices) - Supervisors and upper management have NO REALIZATION of how daily operation in branch works. Management is completely out of touch with reality. -Company’s training program for “Manager Trainees” is sub-par at best. Thrown together program with more focus on “checking boxes” instead of developing and coaching staff. -Outdated policies such as “field collection work” require you to collect past due debts in less than and ideal and sometimes dangerous locations. - Company BLATANTLY disregards consumer rights provided/protected by the CFPB, Fair Debt collection Laws, and Consumer Debt privacy laws.