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
Apr 10, 2014

Career thrown out the window

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The employees are ok...I made a couple friends in the 10+ years I worked there...upper management does a great job of pretending that they care for their employees. They really make you feel somewhat valuable until they fire you over one mistake.

Cons

When I stated that management pretends they care, it's cause truthfully, they don't. Supervisors will throw you under the bus to save themselves. Managers will pretend they are listening to your side of the story, but really, they are just trying to figure out how to make their side more relevant when firing you. Vice Presidents don't know anything about doing the job. They would rather pay someone less to do a bad job, than pay someone a little more to do a great job...It's all about being a Great Place to Work, until they fire you over one mistake. Their core value is PRIDE...(laughing)...if only they practiced what they preached.

3.0
Aug 14, 2023

Doesn't walk the walk

Recommend
CEO approval
Business Outlook

Pros

Good pay and benefits, flexible scheduling for work life balance

Cons

-Not a listening culture that they think they are. We'll have surveys asking us to rate the company for the GPTW survey and if the scores come in low, management will hold meetings asking their analysts to explain their scores. It feels like they are holding everyone captive until they can identify a problem and try to fix it. Just make a new survey for us to explain rather than stating it's an anonymous survey and then asking us to put ourselves. -When given ideas to make the company a better place to work, management just goes of to explain everything they've already done and that the things we are talking about have been brought up when we took the job. If you're going to ask us how to make it a GPTW, actually listen and dont give feedback unless its for clarification. -Mandatory OT and Weekends in Tax Season. This is also a part of my second bullet. Many analyst have brought up if the company can somehow manage to get rid of mandatory OT, it'd probably rank higher, but managers don't care about that. They care about being right and bringing up the fact that they "let us know beforehand how tax season is gonna go". It doesn't matter if you let us know, it still sucks. -Management is just plain out of touch. When asking for our ideas to make it a GPTW, they tell us we should come to the meeting with a full plan of action to enable our ideas when there is far too little time during the workday to get that accomplished. The reason for the meetings is to give management the ideas to implement and execute. If you want them to do all that, then leave the company and make them the managers. -Cant speak for all the analysts, but the bonus structure is set up in a way where people can manipulate their workload in order to earn a higher bonus at the expense of work quality and customer service. It's a "team" effort, but there are people who are doing significantly higher quality of work while also cleaning up the sloppiness of other analysts. When brought up how to be more efficient in meetings, team members will say that they will start being more efficient, but an hour after the meeting, they are back to the same crap quality of work. Something that I have noted seeing pretty much after every meeting. -No room for growth. Most people have been in their role 10+ years. -Regarding "the dealers are our customers", At best they are business partners helping us. Make money while we help them make money. Our "customers" are the people we are approving credit for. Dealers far too often call in to just yell and scream at us over funding speed. They don't understand the workload we deal with and nothing is ever done about it. When I was trying to provide some dealer education, you know one of the pride values of the company, but was told to just stop because the dealers didn't want to listen to that. They signed up for our program and have no intentions of actually learning how it all works, just "Where is my money" and it's pathetic how little is done about it.

1.0
Nov 11, 2021
Recommend
CEO approval
Business Outlook

Pros

Working from home, and great co-workers. Since working from home, that experience is not valid any more with co-workers.

Cons

Do not take action on the answers given when management ask the questions. :-/ (Weird). Overworked, Micro-managed, high turnover (no surprise), they now extended hours to overly compete with competitors. Easy job made hard. Currently in 2021 extremely slow, and since Small base and large bonus (well small because slow for a while now). recently lost a big lawsuit which is common, but this recent one is the first time they shared with employees which caused the CEO to resign. Company is not looking stable.

Viewing 25 - 27 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.