Does Preferred Credit pay their employees well?

According to anonymously submitted Glassdoor reviews, Preferred Credit employees rate their compensation and benefits as 3.8 out of 5. Find out more about salaries and benefits at Preferred Credit. This rating has been stable over the past 12 months.

How satisfied are employees working at Preferred Credit?

75% of Preferred Credit employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Preferred Credit 3.9 out of 5 for work life balance, 4.2 for culture and values and 3.9 for career opportunities.

What are the top reviewed jobs at Preferred Credit?

Customer Service Representative (4) , Manager (4) , Associate (2) , CCOR (2) , Client Services (2) , Collections Specialist (2) , Contract Processor (2) , Leadership (2)

What are the pros of working at Preferred Credit according to real employee reviews?

"Great culture and employee first mindset" ((in 13 reviews)); "Great people to work with." ((in 7 reviews)); "good benefits" ((in 7 reviews)); "Great pay for student workers looking for a part time job" ((in 4 reviews)); "Care about employees, are a trustworthy, consistent and stable company" ((in 4 reviews))

What are the cons of working at Preferred Credit according to real employee reviews?

"no work life balance" ((in 3 reviews)); "Can be hard to take time off during certain busy times of the year." ((in 3 reviews))

What are the top reviewed Preferred Credit locations?

Saint Cloud , Arlington , Saint Paul , Las Vegas

Preferred Credit reviews

4.0

75% would recommend to a friend

(81 total reviews)

Joe Bergstrom and Steve Windfeldt

Not enough data to show CEO approval

78% positive business outlook

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Preferred Credit has an employee rating of 4.0 out of 5 stars, based on 81 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Preferred Credit employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

81 reviews

1.0

Nov 5, 2018

They are definition of micro-management.

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

The only pro I can think of is there are some good people there.

Cons

PCI has a large list of values and will tell you they have a mission statement they live by but it's all just on paper. They treat everyone like they are 16 and it's their first job. The amount of micro managing is over the top. Many times it left me speechless and amazed their employees put up with the treatment. No one speaks up in meetings or goes to upper management for fear of retaliation from them. This is not a company for women. They are still governed by the good ole boy network of the St Cloud area. The benefits are below average and their HR staff does not fully understand them. When I asked about them during the negotiation of the job offer, I was lied to and mislead.

2.0

Nov 1, 2018

Collections Specialist/Customer Service

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Scheduling with college - fairly flexible with classes when given enough notice

Cons

Supervisors- very poor interaction skills with the supervisors. Policies - redundant policies where you have no interaction with the client provided you're on the bottom floor. PTO - 2 days PTO as part time is laughable and not even worth mentioning. Not much better as full time. Wages - far lower than competitors within the same area. Minimal career opportunities - while you can advance, they typically add a whopping 50 cents per hour for advancing.

3.0

Oct 15, 2018

Client Service Operations

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

-Great pay for student workers looking for a part time job -Vibrant office environment -Friendly Co-workers -This job really helped me improve my communication and relationship building skills

Cons

Talk on phone non stop with 2 15 mins break in the middle for the straight 8 hours. If someone doesn't call you for more than 15 mins , manager would act very suspicious like you did something wrong to block the call. - Lack of trust in employees

Viewing 52 - 54 of 81 Reviews

Jobs at Preferred Credit

Collections Specialist (Spanish Bilingual)

Senior Product Manager