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FreeRateUpdate.com

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FreeRateUpdate.com reviews

3.5

62% would recommend to a friend

(67 total reviews)

Edward J Ferrara III

62% approve of CEO

56% positive business outlook

FreeRateUpdate.com has an employee rating of 3.5 out of 5 stars, based on 67 company reviews on Glassdoor which indicates that most employees have a good working experience there. The FreeRateUpdate.com 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

67 reviews
3.0
Dec 1, 2016
Recommend
CEO approval
Business Outlook

Pros

Breakfast/lunch/flexible with schedules/good bonus if you work the system

Cons

I was at freerateupdate for almost a year. During my time there at first was great. I made good money with the bonus, along with the salary. At the end of my time there they decided to make it harder to reach the bonus to the point where I was not taking lunch and staying late every night just to make money. Along with them making the quota higher they decided that they would make a room "the hot room" BEWARE OF THIS ROOM INTERVIEWES! The manager mentions nothing about this room during your interview so make sure you ask about the room that you read on this post. Like I said they made a room with 8 cubicles in it that used to be a stoarage closet. In the room there is a fake camera, and a sign on the door that says no cell phones aloud. It's so Jammed pack in this room that it's hard to hear customers when you are talking on the phone. This room is basically a room that they put you in to FAIL so they can eventually fire you. It's very degrading and it doesn't make you feel part of the team. LIKE I SAID when the company hires they mention nothing about this room. Ask him questions about it, and also ask questions regarding if the Quota changes constantly (which it does which makes it hard to plan vacations and also pay bills) If you are going for a position in customer service just be aware that the position is a JOB not a CAREER, there is no room for growth in the company and they won't move you around aka sales. They treat sales like gold in the company, to the point where they treat customer service like they are at the lower end of the spectrum. (Esp when it comes to pay) A handful of reasons why I left were the ones that I mentioned, no growth and the disrespect to customer service. They try to balance it out with feeding us every Thursday and Friday (which is super nice if you like to gain weight) Other than the reasons why I left I really enjoyed my time at the company. I was treated well because I was well liked, but if you aren't liked be prepared to be fired. To the operations manager, you do great at what you do and we needed you as an addition to the company but please keep customer service in consideration when making decisions. Keep in mind before working with the company that some things that are going on are very unethical. If you are well liked and good at making money for the company you will do fine. If you are th type of person who wants a work life balance, and someone who doesn't want to be constantly stressed about numbers and how much you will be bringing in month to month this position isn't for you. I hope my info helps someone who is looking to become a part of the company.

1.0
Dec 12, 2016
Recommend
CEO approval
Business Outlook

Pros

- Free breakfast on Thursday and lunch on Friday

Cons

During my time with freerateupdate a lot changed, and I was only there for about 4 months. I liked it when I started, everyone there was super nice and seemed to get along great, but everything went downhill fast. They are constantly changing the bonus structure so it gets harder and harder to get bonuses. You have to work through lunch and stay late just to hit minimum numbers. Management isn't much help, they don't give any guidance on how to improve, they just gave me the run around, basically saying they weren't sure why my numbers were low. They created a new room for employees that aren't able to go well above and beyond minimum requirements and stick them in there, it's basically a storage closet. I think it's a way to keep a person's numbers low so they can fire them, or the employee gets so fed up that they end up quitting. There was no clear reasoning on why the room would help you improve and it was very degrading to be stuffed in this room. While I knew what I was getting when I took a customer service job, I did not expect the disrespect I received from the managers. There is no room for advancement no matter how well you are doing or how long you've been there. Its impossible to take vacations or time off because you won't hit your monthly requirements and run the risk of being fired. Plus they get interviewees in the door with a phony job title only to say that those positions have been filled but they have customer service positions available. I would not recommend working here to anyone, it's a dead end job where you are constantly stressing about meeting monthly requirements and management is very disrespectful about it, offering little to no guidance to help you improve. If you are looking for a low stress job, look elsewhere!

1.0
Jan 12, 2017

Customer service rep

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

If you don't mind making 800 calls a day, excel at scamming people, and can handle a completely mindless job, you can make good money.

Cons

This company is a scam. We are middle men who aren't needed. People who visit the website are led to believe they will receive a quote right then but instead, we call them (often incessantly). They don't want to talk to us and are often extremely rude. Any of the positive reviews on here are most likely from those who work in sales. The customer service reps aren't valued at all. Management doesn't care who you are as long as you make them money. There are no opportunities for growth here.

Viewing 1 - 3 of 67 Reviews

Glassdoor has 67 FreeRateUpdate.com reviews submitted anonymously by FreeRateUpdate.com employees. Read employee reviews and ratings on Glassdoor to decide if FreeRateUpdate.com is right for you.