Tower Loan reviews

3.4

59% would recommend to a friend

(452 total reviews)

Francis C. Lee

61% approve of CEO

61% positive business outlook

Tower Loan has an employee rating of 3.4 out of 5 stars, based on 452 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Tower Loan 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

452 reviews
1.0
May 11, 2017
Recommend
CEO approval
Business Outlook

Pros

It's a job, that's about it.

Cons

You have to take off for everything as you work until 5:30 Mon-Fri When you do have to take off it's always a problem even though they give you vacation time They make you harass customers to either renew loans or pay Their APR can be over 40% The upline cares nothing about their employees The pay is crap for what they expect out of you

2.0
May 5, 2017

The honest truth

Recommend
CEO approval
Business Outlook

Pros

First off let me start by assuring you that tower loan does encourage their employees to come to Glassdoor to write reviews. The reasoning behind that is to push all of the negative reviews to the bottom. Tower has several benefits if you go to the right office or state. Some offices you will make good money. You won't have to put a lot of hours in other than 40-45 a week. Tower offers 401k and insurance benefits to their employees. I enjoyed managing the office itself and other employees. I actually enjoyed this job completely. I also had a excellent supervisor that I still have much respect for. I never experienced my supervisor being to hard on me or my co-workers. He was always fair and very understanding. Towers manager meetings are also a pro.

Cons

There are several cons working at tower loan. Like I said previously, depending on which location you are placed at will determine your experience with this company. Tower wants to pay their managers min salary and reward them by reaching their goals and paying bonus money. Now that could be a pro if you are out in a good office. It is a con if they send you several hours away from your family and pay you the very min salary. I have seen tower give good offices to people that have quit and came back. I've seen tower give poor offices to managers that are extremely hard working and very good at their job. Now this may be because the hard working employee will make better results in that office. But it is still a huge con to under pay the hard worker so he can clean up the mess. The biggest con with tower loan is being relocated. I don't mind relocating for a promotion. The problem is relocating and the company doesn't pay you what you are worth. You take the risk of moving 5+ hours away from your family/friends, and only make a little more than you did as a trainee. You may be relocated to a area that has a higher cost of living, but tower will still pay you the bare min salary no matter how upside down your office will be. Tower also has a huge problem with hiring people in many of their locations. This affects the office goals which will hurt/kill the managers bonus no matter how hard the manager works.

4.0
May 5, 2017

A company all it's own.

Recommend
CEO approval
Business Outlook

Pros

Bonuses/Incentive is wonderful Base pay makes for a wonderful compensation. Company motivation everyday Paid for Condos by the company, which were great. Great health insurance 401k investment plan

Cons

Hours were longer than what most would like. I feel this was the only negative I would occasionally agree with. I have a newborn and a lot of times I would be coming home at 8-9 and would miss time with him. But the better you run your office, the fewer hours you work.

Viewing 328 - 330 of 452 Reviews

Glassdoor has 456 Tower Loan reviews submitted anonymously by Tower Loan employees. Read employee reviews and ratings on Glassdoor to decide if Tower Loan is right for you.