Credit Acceptance reviews

4.0

67% would recommend to a friend

(864 total reviews)

Vinayak Hegde

36% approve of CEO

67% positive business outlook

Credit Acceptance has an employee rating of 4.0 out of 5 stars, based on 864 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Credit Acceptance 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

864 reviews
1.0
Mar 24, 2011
Recommend
CEO approval
Business Outlook

Pros

The only pros I can think of working for Credit Acceptance is the salary. Starting rate use to be $14. Because of the economy, friends have told me they now start you off anywhere from $9.50 to $12.00 depending on your collection experience.

Cons

Horrible place to work for and hectic working hours. Hours 5:00am till 9:00pm. Six days aweek. Some shifts are from 12noon to 9pm plus weekends and holidays. They are only closed 2days a year for Christmas and 4th of July. They work you to the bone, and expect you to be greatful to them because they are paying you. Performance reviews are monthly, threatening, and stressful. You feel like your walking on egg shells and you can be fired for anything at anytime. You have to read off a script to the customer and if you slightly get off the script, you get dinged for it on your "Performance Review". If you dont make bonus, it's an automatic "your not a good collector". It's a cut throat environment. Your rated on how many promises you get from customers and how many promises are kept. Other employees steal your promises just to make goal and bonus, management doesnt do anything about even though they say it's addressed. No team work only "You have to look out for yourself just to try to hold on to your job".

2.0
Feb 28, 2011
Recommend
CEO approval
Business Outlook

Pros

Better pay than most other companies in the industry for this location. Better benefits than most companies offer. Generous profit sharing plan.

Cons

The company makes sweeping policy changes that negatively affect the lives of employees without giving it a second thought. If people complain, management dismisses them. Despite claiming that they want to become one of the 100 best companies to work for, the leadership team keeps making it a very hostile place to work where employees are constantly given more work and threats of termination. No opportunities whatsoever at the Henderson office. Most positions other than collections and customer service were relocated to Michigan, so there's almost no chance for advancement. Very shady and secretive about changes. People are fired for literally no reason. Schedules are awful.

2.0
May 23, 2010

Brilliant but cold leadership

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Company is very good at what they do.

Cons

Management is overly aggressive with headcoutn reduction, cuts, etc

Viewing 859 - 861 of 864 Reviews

Glassdoor has 902 Credit Acceptance reviews submitted anonymously by Credit Acceptance employees. Read employee reviews and ratings on Glassdoor to decide if Credit Acceptance is right for you.