Springleaf Finance

  www.springleaffinancial.com
  www.springleaffinancial.com
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Springleaf Finance Reviews

Updated September 14, 2014
Updated September 14, 2014
147 Reviews
3.1
147 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Springleaf Finance President & CEO Jay Levine
Jay Levine
27 Ratings

Review Highlights

Pros
  • Weekly pay, good benefits, good entry level experience, no Sunday or late evening hours (in 13 reviews)

  • Great pay and benefits, Team environment (in 7 reviews)


Cons
  • Upper management is totally out of touch and in most cases incompetent (in 14 reviews)

  • No room for advancement due to office closings, arbitrary and consistently changing guidelines, poor compensation for miles driven (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Not a good place to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Counsel  in  Evansville, IN
    Former Employee - Senior Counsel in Evansville, IN

    I worked at Springleaf Finance full-time for more than 3 years

    Pros

    Modest paycheck. They have a cafeteria.

    Cons

    The company lends money to individuals, at high rates and collateralized, then contacts them throughout the year and pressures them to refinance, before there has been any significant reduction in principal - only interest payments, thereby incurring new origination fees and extending the time period where they collect high interest payments. The company also makes fees off of force-placed insurance and ancillary products like credit insurance.
    Very small town - management has you by the short hairs once you start because they are the only game in town.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    Poor middle to upper management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative/Management Trainee
    Former Employee - Financial Representative/Management Trainee

    I worked at Springleaf Finance full-time for more than a year

    Pros

    401k match, vacation and sick time, insurance good

    Cons

    Worked 2-3 Saturdays per month, worked late evenings either once or twice per week. Cannot take anytime off during last week of the month. Branch managers have no desire to help management trainees advance. DM doesn't make sure branch managers are held accountable for training new staff. High turnover rate. Bonus program is a joke if your not a branch manager

    Advice to ManagementAdvice

    Focus on retaining qualify employees and making sure management trainees receive the training and advancement opportunities that were promised. Bonus program is a joke for employees, while branch manager is fair. Remember that is takes a team to make a branch successful, not just one person.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Branch Manager

    • Comp & Benefits
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Springleaf Finance full-time for more than 3 years

    Pros

    Good job out of college

    Cons

    Shady management. Willing to bend the rules to get promoted

  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5. 1 person found this helpful  

    Company going places

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Springleaf Finance

    Pros

    Springleaf is great for sales oriented people - rewarding to help customers w their finances ,great management - fun culture. Sincere Concern for staff

    Cons

    Company evolving quickly and change ain't for everyone.

    Advice to ManagementAdvice

    Keep doing what youre doing. Springleaf has a great future

    Approves of CEO
  6. 1 person found this helpful  

    A fast paced and enjoyably competitive environment.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Springleaf Finance

    Pros

    Opportunity for advancement. Strong push to be better and tools given to you to make things happen. The company has a great benefits package.

    Cons

    The company has been around for over 100 years and it is sometimes difficult to get new ideas put into place. This however is changing with new policies regarding employee input.

  7.  

    A good place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Springleaf Finance full-time for more than 10 years

    Pros

    Good Place to work. Good people. Good Bonus program for non-management position. If you work hard you will be well rewarded and compensated very well. Need to be good with people and work with a sense of urgency.

    Cons

    Advancement to BM and above will likely take a couple years unless willing to relocate.

    Recommends
    Neutral Outlook
  8. 1 person found this helpful  

    They stress you out

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative  in  Walterboro, SC
    Current Employee - Financial Representative in Walterboro, SC

    I have been working at Springleaf Finance full-time for more than a year

    Pros

    pay, get paid weekly, good benefits, off on sundays and most saturdays.

    Cons

    the way they beat you up about getting loans, and meeting quota. District manager can be stressful. got to dress up all the time.

    Advice to ManagementAdvice

    Stop stressing people out about meeting quota.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Overworked and under appreciated

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Manager  in  Evansville, IN
    Current Employee - Manager in Evansville, IN

    I have been working at Springleaf Finance full-time for more than 10 years

    Pros

    Good time off benefits.

    Cons

    The company is trying to grow in an extreme matter, where employes continually feel overwhelmed and unable to meet management objectives.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    Excellent career opportunity, with management actively soliciting feedback

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations  in  Chicago, IL
    Current Employee - Operations in Chicago, IL

    I have been working at Springleaf Finance full-time for less than a year

    Pros

    1. Management actively solicits feedback and cares about what I have to say
    2. Great opportunity to advance
    3. Best 401k matching plan I've ever had!
    4. Generally happy colleagues, creating an upbeat work environment

    Cons

    1. Project execution hampered by a byzantine approval process
    2. Internal email system creates needless friction for both internal and external communication
    3. Some departments focused on CYA instead of driving the business forward

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Tick, Tock, says the clock. Need to remove self-inflicted and unnecessary bureaucratic hurdles before it's too late.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations  in  Chicago, IL
    Current Employee - Operations in Chicago, IL

    I have been working at Springleaf Finance full-time for less than a year

    Pros

    - From what I've seen so far, the CEO is no worse than above-average in his capacity as CEO. In his capacity as entertainer extraordinaire, his joke telling and fashion sense are both world class.
    - The branch network.
    - Amazing 401k match.
    - Incredibly positive attitude amongst the workforce.
    - Market opportunity is truly massive.

    Cons

    - If Scott Adams ever runs out of source material for Dilbert, he need only visit Springleaf.
    - The biggest competitor to Springleaf is Springleaf.
    - I always wanted to be a television actor but never considered the possibility that I would be on The Truman Show and The Twilight Zone at the same time!

    Advice to ManagementAdvice

    A genuine leader is not a searcher for consensus but a molder of consensus.

    Consensus seems to be the process of abandoning all beliefs, principles, values and policies. So it is something in which no one believes and to which no one objects.

    Recommends
    Positive Outlook
    Approves of CEO

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