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
Jul 18, 2012
Recommend
CEO approval
Business Outlook

Pros

You can earn your mortgage license as well as gaining sales, insurance, and loan experience. You will also earn call center experience.

Cons

Where to begin? The pay that they show you on paper is nothing compared to what you will get. You will not be able to keep this paper because they know that it is evidence that can be sent to federal labor agencies. The actual pay is about $450 a week after taxes. You will work almost 50 hours a week every single week. After the forty hours a week, then you will be paid for every two hours worked rather than time and a half like a normal job. No way to just work 40 hours a week. If you must work here then choose a very small store. Hardly ever any weekends off. No life at all.The management is the major issue however. If you have a good manager then I would advise you to stay with the company for no longer than six months. When you get that license run run run. They have nothing more to offer you after that. What you learn in that amount of time should be enough to get a good job somewhere else. If you have a bad manager, then you will be belittled and they will make the work environment impossible. The bad manager frowns on having to actually train you and will be annoyed when questions are asked. They may put you in dangerous situations that can cost you your safety but they are not worried because it is not them. You may get cursed by the customers but as long as you are kind then it will not happen alot.

4.0
Jun 20, 2012
Recommend
CEO approval
Business Outlook

Pros

You can make quite a bit of money at Tower..but it does come with lots of hard work and personal time sacrifice. I enjoy my job but that comes down to the hard work that I have to put in. Upper Management will work to support you...it does them no good to see you fail. Benefits are ok...they really should adjust their bank days program.

Cons

Hard work...You have to be disciplined and be able to put the time in to get the job done. If you can keep your office staffed up (which can be a battle in itself) it helps a lot. The goals can be a little aggressive but aren't as unattainable as some of the previous reviews stated. Some of the regional managers are quick to replace people. Job security isn't the best.

5.0
May 15, 2012
Recommend
CEO approval
Business Outlook

Pros

Dedicated to developing employees careers as well as having the opportunity to help customers with their financial needs and building relationships with customers. it is very rewarding to be chossen by customers to help them with their needs or out of an emergency.

Cons

There are no dowsides unless you are not career oriented, a hard worker and dedicated!

Viewing 445 - 447 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.