Springleaf Finance

  www.springleaffinancial.com
  www.springleaffinancial.com

Springleaf Finance Reviews

Updated October 23, 2014
Updated October 23, 2014
151 Reviews
3.0
151 Reviews
Rating Trends

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Approve of CEO
Springleaf Finance President & CEO Jay Levine
Jay Levine
30 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 will tell you one thing then will throw you under the bus claiming they never told you that (in 15 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.  

    Interesting goal oriented

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Springleaf Finance

    Pros

    District Managers and Branch managers are very willing to help, each of course has their own personality but in their own ways are very knowledgeable. The way that the system is set up for personal loans is evaluated by the manager and each manager has their own approval authority but ultimately the there is an internal department that evaluates all the loans and gauges how risky each is and in this way the relay it into not numerical scores but letters.

    Cons

    Goals given are not very attainable maybe 4 out of 25 will reach the goals in a months time

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Unprofessional

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

    I worked at Springleaf Finance full-time (less than an year)

    Pros

    I cannot think of any.

    Cons

    Charged high rates to customers. Manager was unprofessional.

    Doesn't Recommend
    No opinion of CEO
  3.  

    Good pay but rushed to meet high quotas even while in training.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative in Fresno, CA
    Former Employee - Financial Representative in Fresno, CA

    I worked at Springleaf Finance full-time (more than an year)

    Pros

    Good Pay, some bonus incentive pay.

    Cons

    Coworker not willing to help until the end of the month as they have their own quotas to meet.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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  5.  

    Subprime and Suckers Lending but maintains an illusion of much more

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

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

    Pros

    The pay is alright and bonuses are decent.

    Cons

    The worst work to home life relationship I have ever seen. The company offers poor products, inadequate training, micromanagement, very limited growth opportunities. This is to name a few. You are penalized for taking vacation time as it has a direct impact on your goals and bonuses. Most employees lack respect for their customers and can be down right rude. Favoritism has a great presence in the company and morale is terrible. The work is a joke and underwriting is inconsistent. Bad loans are made to reach goals and you spend the next 8+ months trying to collect delinquent accounts. It is a poor business model. Lend money and when the customer doesn't pay, offer to lend them more money. There is no room to bring new ideas in. Management shoots down creativity and mocks you for making suggestions to improve processes. I could go on much longer but I think you get the gist of a poor culture and work environment.

    Advice to ManagementAdvice

    The next time you look in the mirror, think about what you contribute to the economy and well being of your employees. See if you can last with a heart and say you feel good about what you do for a living.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Solid company to work for.......

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

    I have been working at Springleaf Finance full-time (more than 5 years)

    Pros

    Hours, Semi Flex Schedule, Good amount of vacation time, technology aware (finally), relocation opportunities,

    Cons

    Health benefits are too expensive, Upper management taking credit for your ideas, some employees don't do any work or strive to achieve bonuses, no raises for 2 years (except w/ promotions but those raises are low)

    Advice to ManagementAdvice

    Appreciate and promote your hard workers...if you don't another company will eventually do so

    Recommends
    Positive Outlook
  7.  

    Don't work here!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - District Manager in Saint Louis, MO
    Former Employee - District Manager in Saint Louis, MO

    I worked at Springleaf Finance full-time (more than 10 years)

    Pros

    With the current upper management in place I have nothing positive to say here. At one time this was a good place to work.

    Cons

    Upper management is totally out of touch and in most cases incompetent. Upper management makes all the money and contribute nothing to the cause. They are all so busy covering their own back sides that none of them would stand up for a valued employee if they had to.

    Advice to ManagementAdvice

    Fire them all and try again!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Good company, lost of great employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Management in Rancho Cucamonga, CA
    Former Employee - Management in Rancho Cucamonga, CA

    I worked at Springleaf Finance full-time (more than 10 years)

    Pros

    Has good benefits and advancement

    Cons

    Work late once a week and some Saturdays

    Advice to ManagementAdvice

    Be more involved with employees

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Difficult manager

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

    I have been working at Springleaf Finance full-time (less than an year)

    Pros

    Commission, decent starting salary, decent benefits

    Cons

    Stressful environment, rude and uneducated customers

    Advice to ManagementAdvice

    Improve your training and make it more relevant and practical to the actual job

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10.  

    Financial Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Representative in West Valley City, UT
    Former Employee - Financial Representative in West Valley City, UT

    I worked at Springleaf Finance full-time (less than an year)

    Pros

    Learned a broad range of things related to the financial industry

    Cons

    Extremely old fashion processes (i.e. hand filled out time cards) Middle management led by threats and stresses high pressure sales approach. No long-term career opportunities available

    Advice to ManagementAdvice

    Get with the times! Employees want to have some autonomy in their work and not feel like they are working for a company afraid of the internet

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Paranoia

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

    I have been working at Springleaf Finance full-time (more than 5 years)

    Pros

    All depends on the branch manager; but usually laid back with a lot of flexibility what time you arrive or time off of work. Flipside of that would be complete opposite with a different manager; all depends. Manager here create the type of office environment they choose.

    Cons

    Office closings, layoffs, Threats to employees If goals aren't met, constant pressure to attain goals, constant secrecy with upper Managment, poorly trained managers, upper Managment look after Thier own even though they tell you they have an open door policy; basically the only way to get anywhere in this company is to be liked by your bosses.

    Advice to ManagementAdvice

    Appreciat the hard work your employees do Istead of threatening.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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