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
Oct 28, 2015
Recommend
CEO approval
Business Outlook

Pros

Only pro is that I don't work there anymore.

Cons

Horrible company to work for. No morals. Don't care about its employees. Management is horrible. Company breaks laws and is currently under investigation for predatory lending and also discrimination. Tower has so many bad employee and customer reviews online and has even started telling it's current employees to leave positive reviews even if they aren't true, so that the company doesn't look as bad. But it is. Tower Loan was also just forced to pay out past vacation time that it tried stealing. The company puts customers in as much debt as possible even when they know they can't pay and doesn't care about its customers. This company will not last. They don't care about your family and will do anything they can for a buck. Even if it means trampling on its employees. They truly have no ethics and was the worst place I have ever worked for by far, which is saying a lot because I have also worked for the government. Do yourself a favor and stay away. Also you can't use this place as a step to get somewhere else because they force you to sign a non compete agreement so that you can't go work anywhere else in the finance field for 2 years. This Company needs to be shut down, which is going to happen eventually.

4.0
Oct 26, 2015

Great Starting Career

Recommend
CEO approval
Business Outlook

Pros

This is a company that fast tracks you to management. They train you for about a year and set you up to manage your own office. I have a college degree and couldn't get in management in my field without working from the bottom up, this company is exactly what I needed to gain management experience and ended up loving my job. I've had the opportunity travel to different offices and learn from different managers. I think the benefits are also nice, anytime you travel you get a per-diem, large referral bonuses, and various incentives.

Cons

Most of the offices are fairly small so you work with 2 or 3 people. Any time you are sick or need to get off a day it puts a burden on your coworkers as they have to now do their work and yours. Another con is we are open and work when everyone else is open, it's hard to go to Dr. appointments, interviews, and things like that.

1.0
Oct 19, 2015

Manager Trainee

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

None. Worst job ever. Avoid it.

Cons

Weird pay. Long hours. Was working like 45-50 a week. Contracts are a joke. They take advantage of people.

Viewing 382 - 384 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.