European Stars And Stripes (Newspaper) - February 8, 1978, Darmstadt, Hesse                                The Omni presence by George Bekl staff writer one businessman Calls Omni financial corporation a Nec Essary another blames Omni for the swollen prices of some products sold to americans in the european military but Many forces Consumers daily turn to the multimillion Dollar loan company for Money at interest up to 38 per although Omni founder president Fred hives says tils firm handles Only a fraction of the credit business for the military in estimates by others of Omus business Range up Tot 12 million but elves says thai government employees financial corporation Geboo is bigger and charges interest comparable to Omus in Geocos Range of Refco Doest loan less than thus Doest have any of those is percenter floating Orris 36 percent Loans Are with abort term such As used for charter flights to the omnis apparent chief Appeal to borrow Era there is less hassle and paperwork encountered getting an Omni loan than in borrowing from a credit Union or Ameri can this 19 particularly attractive to Lowe paid Omni stems vigorously promoted Money it is the Lender for Davis Agency flight customers using the Lynow Pauter Fnu in 1977 an estimated Davis passengers 10 per cent of Davis via Mutair ensured into a similar agree ment with and Shoft our officials indicate they May go the same route to meet their several audio clubs and cafes sound centers have displayed flyers offering customers a Money source for stereo and camera the Lender was unnamed on us but it turned out to be Omni is shy in name Doest appear on the  for and is often missing from the faces of some offices where Omni Loans an a request to shoot pictures at its Frank Furt Headquarters for Europe was turned Down by european chief Karl who made vague references to the dangers of publicity at a time when terrorists Are running omnis name was also linked with two furniture outlets Arnsburg and Wmk and with a scattering of use car opera it adds up to millions of dollars Worth of High priced credit netting hundreds of thousands of dollars in Omni Bat no shortage of tin heaviest Public attack came in september b75 when the v Carpi guardian pull shed a report portray ing Omni As a firm systematically taking advantage of military person this criticism offends who believes his firm is performing a valuable service for military personnel by loan Ling them Money to buy things they elves ii a Man who enjoys Good Good music and a Good he rules his credit Empire of linked Omni enter Prises from Headquarters in new elves created Omni in it appeared in Europe the following elves says Omni has Little its chief Market is forces personnel in omnis critics strike at four principal High interest use of the allotment system to repay contributions to the indebtedness spiral fam arrangements with some merchants which May serve to bloat the Cost of omnis interest rates Range from about 22 percent up to 36 generally de pending on the length of 1 Short term Loans by a credit i ally carries a 12 percent f age rate while a i loan costs about 18 from of Omni loan military Legal who often must advil i eats buried under of Omus High interest i late in seminar in Tutz a working out of the i Ance Toltl Nives in 1 than 40 military lawyers to Bat the allowable maximum under German elves said Omni operates i Orado uniform consumer fully conforms in i sri although Omni Loans i cans buying products Fromel lured in it has not i tested whether omnis i conform to German t ing to several military s even Richard vice the Davis admitted b int excited about tit having to pay up to 38 per  of leads he when stated As Are his firms Loans Are averaging about Nives says a loan of f bout a4 the stars and stripes