Positive Tower Loan reviews agree that the company's goal of
providing safe affordable financing alternatives for its borrowers is a
reliable financial solution for people who need help with money. The Tower Loan
reviews love the traditional branch office relationships that Tower Loan builds
with its customers, and they praise the quick and efficient service, the
familiar and friendly faces, and range of
customer choices available to them, all of which are hallmarks of the
Tower Loan customer experience.
Tower Loan reviews cite 2014 as a banner year for the
company that traces its origin back to 1936, when the consumer finance industry
was in its infancy. 2014 was the year Tower Loan was named one of the best places to work
in the State of Mississippi
by the Mississippi Business Journal, the leading business trade publication in
the state since 1978. Tower Loan now has more than two hundred and fifty
thousand customers in more than two hundred branch offices throughout Mississippi, Louisiana, Missouri, Alabama and Illinois. Traditional
small loans are still what Tower Loan customers most often request, but the
company also offers small home equity loans. The company also provides retail
financing services for merchants, especially those engaged in selling furniture
and appliances.
Tower Loan reviews describe two of Tower Loan's affiliates:
American Federated Life Insurance, and American Federated Insurance Company.
Both affiliates were formed by Tower Loan in 1983 in order to provide
credit-related insurance to its customers.
Tower Loan made its largest acquisition to date in 1990 when
it purchased the Reliable Finance Company, which enabled Tower Loan to spread
its lending philosophy into thirteen new offices. Additional acquisitions over
the next few years brought the total number of Tower offices to fifty-one.
Today, Tower Loan operates in five states and is rapidly
becoming one of the nation's leading independent finance companies.
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