Backd Reviews

3.2

53% would recommend to a friend

(64 total reviews)

Xan Myburgh

54% approve of CEO

52% positive business outlook

Backd has an employee rating of 3.2 out of 5 stars, based on 64 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Reviews by job title

64 reviews
2.0
8 Oct 2019
Recommend
CEO approval
Business outlook

Pros

Lots of energy with a quickly growing atmosphere. Sales managers and VP of sales really makes you thing its a great place to work.

Cons

Most of what they tell you isn't really true. The training process is abysmal at best. The company quickly rushes you through training and throws you on the phone with impatient, angry customers and expects you to start closing deals after one week. Also as the entry level qualifier position, they don't give you much information on what it is your actually trying to sell. As a former employee though, I can tell you what your mostly selling. You are selling very high rate, sort perm loans that require daily payments. We are talking loans with stupid high interest rates. The only companies these would be suitable for are companies that Get Back'd wont approve. If your a business owner that does take one of these loans, then you are most likely going to lose a lot of money. Which leads me to my next topic, the pretty blatant lie about what you can make in commission. In order to make the yearly earnings of $50k (salary + commission) , which they promised me would be pretty obtainable in my interview, a qualifier would have to sell $4 million in face value of loans. To put this into perspective, brokers at large banks would be pleased with sales of this amount. This comes in tandem with the fact that, as a qualifier, you are not responsible for closing your leads. After all that and you do finally start getting customers to commit to a loan, the deal probably wont be approved or will get brokered out. Meaning less commission for the sales teams.

1.0
2 Dec 2019

Sinking Ship!!!

Recommend
CEO approval
Business outlook

Pros

They attempt to win you over with a fun environment and take you . on outings such as Top Golf, happy hour, SPIN, COTA. Some of the managers are cool and easy to work with. After that, it all goes down from there.

Cons

This is a poorly run startup that will lie to your face to get you in the door. They promise commission is uncapped but what they don't tell you is that their product is nearly impossible to sell. You're required to sell short term loans at a high rate. The only companies dumb enough to take the loans are ones that can't even afford the loan in the first place. Those same companies are the ones getting denied due to their poor situation. If you are lucky enough to get promoted then watch your back. There is more job security at the qualifier position than in the manager position. Every new training class comes in and they look to see who can be fired. A lot of good people have been run out of the company that didn't deserve what they got! The same people that are preaching the style of culture they want are the same people ruining it. If this company was a ship, it would be sinking and the "captain" wouldn't even know it was happening.

1.0
3 Dec 2019

DO NOT WORK HERE. THIS PLACE IS A SINKING SHIP.

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The only pros about working with GetBackd is the fact that the actual qualifiers are great people and became great friends.

Cons

Every single thing about this place is a con! The pay, upper management, the environment, EVERYTHING. I was hired here with a promise of this amazing pay and yet barely made enough to pay my bills. I tried to deal with it and focus on selling because, that’s where you make money obviously. However, the environment is terrible. Upper Management are actual terrible people. They sit in a room all day and talk trash about everyone working to make the company money. They joke about who they are going to fire next as if the people working for the company don’t matter at all. They say they don’t like negativity or drama yet the people saying that drama and negativity are UNACCEPTABLE, are the ones causing all of it. They do company events once a month but there are plenty of other companies that do the same thing so this place is not special. When you get treated like crap all month then get a company outing once a month, who actually cares? It’s not worth it. They don’t even pay you for holidays, days that the company is closed!!!!! That’s how cheap they are and how little they care about you. They sell you on this big vision on what the company is going to be but I’m telling you, this company is garbage. They will fire you without any warning at all and they don’t care what you’ve done to help them. THEY DO NOT CARE ABOUT THEIR EMPLOYEES. DO NOT WORK HERE. Look at the other reviews. The only good reviews on here are here because they were told to put them here.

Viewing 1 - 3 of 64 Reviews

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