Tower Loan reviews

3.5

63% would recommend to a friend

(451 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 451 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

451 reviews
5.0
May 22, 2012
Recommend
CEO approval
Business Outlook

Pros

Tower Loan has very good salaries and has a very comprehensive benefit package. Tower is a rapidly growing company, and they make almost all promotions from within the company. I enjoy going to work every day, and I thoroughly enjoy the people I work with. Tower Loan has a wide variety of customers it services, and it is a joy to deal with different people every day. My personal example of room for rapid advancement: I started as a manager trainee at Tower Loan. I went through the management training program and became a Branch Manager. I was promoted two times to different branch operations, and then I was entered into a training program to become a Supervisor, called Project Excellence. After training for two years, I was promoted to Supervisor. Two years after becoming a Supervisor I was promoted to a Sr. Supervisor position with title of Vice President. I worked and trained as a Sr. Supervisor for two years, and I was then promoted to Director of Operations. I have been employed by Tower Loan for thirteen years, and Tower Loan has never hesitated to offer me a promotion, and let me prove what I could do.

Cons

It is not easy work, so if you are not self motivated and driven, you may not be successful.

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!

1.0
Oct 26, 2011
Recommend
CEO approval
Business Outlook

Pros

Salary was good compared to other companies, descent benefits package and bonus pay. 13 paid days off when you become a manager after completing manager trainee program.

Cons

Long hours, unprofessional collection methods, had to make bad loans to meet monthly goals on to have to collect them, which included going to customers houses and threatening to take their personal belongings if they didn't pay. Job security very unstable. Manager trainee program is suppose to be a salary position but they have what they call fluctuating pay which most people can't explain or understand. Would not recommend starting a career here, VERY VERY high turnover.

Viewing 448 - 450 of 451 Reviews

Glassdoor has 455 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.