Tower Loan reviews

3.5

63% 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 3.5 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
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....

3.0
Mar 30, 2017

Makes no sense

Recommend
CEO approval
Business Outlook

Pros

There's room for advancement.

Cons

For overtime you don't get paid time and a half, you get paid half your hourly pay. (Ex. 47 hours worked.... 14.12x40 regular pay + 7.06x7 fluctuating pay) basically the more hours you work, the less you get paid. They don't pay for your rent being broken or all relocation fees when being promoted.

1.0
Sep 7, 2016
Recommend
CEO approval
Business Outlook

Pros

Not hard, but very boring work

Cons

Long nights, Saturdays...do most of the work and get paid the least..impossible to get loans in a full office

Viewing 37 - 39 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.