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
5.0
May 4, 2017

Manager Trainee

Recommend
CEO approval
Business Outlook

Pros

You work with people who actually want to see you succeed and will help you get there. They do on the job training and teach you everything you will need to become a successful branch manager. I love my job and the people that I work with.

Cons

So far I have not had a negative experience with Tower Loan!

1.0
Apr 7, 2017

Loan manager trainee

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Nothing. This company is absolutely terrible.

Cons

The management with this company is awful. Many of the upper managers micromanage and do not know how to be respectful to their employees or the customers. The company forces employees to push "optional" insurance on the loans. If you have any sense of morality I would suggest you not work here.

2.0
Apr 5, 2017

Bad company

Recommend
CEO approval
Business Outlook

Pros

The pay is pretty good and you get to wear a suit and tie. Advancement is available if you can tolerate selling a poor product.

Cons

The fluctuating overtime rate is a rip off. Management violated Tower's own policies and the supervisor turned a blind eye to it. Manager was harassing references, yelling and swearing at customers and sold the "optional" insurances without informing customers what they were or that they were even optional. This also lead to selling insurances customers didn't qualify for. Perfect paying customers requested reasonable amounts and the manager only approved for less than half without reasonable justification. Customers who weren't even 30 days delinquent were told they would have to surrender collateral. The "employee incident reporting" hotline was disconnected until I informed HR....

Viewing 331 - 333 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.