Cosmogony 1243: Binary Loans

A money lending chain founded by Nostradamus Noke in 2910, in ninety years Binary Loans has grown from a small payday loan business to a successful franchise operating on both Crete 581d and Crete 581f. It avoids the Cretan 581d corporate tax rate of 30% by sending its revenue to holding companies on Crete 581f where the rate is 5%.

Senator Hadrian of Crete 581d admonished Binary Loans for its connections to organised crime and has urged the Cretan Anti-Corruption Commission (CACC) to investigate. The investigation has been in committee stage for 30 years. Committee findings have so far included high-handed sales techniques, inscrutable contracts, hidden fees, pyramid scheming and an unhealthy work environment.

The Cretan Health Authority (CHA) criticised Binary Loans three years ago when the Board gave all employees at managerial level a bonus that included a lifetime supply of cigars. Additionally, customers are offered a year’s supply of premium Martian pipe tobacco when they sign a loan in excess of 500,000 credits.

The CACC and CHA recently teamed up to try and progress investigations into Binary Loans beyond parliamentary committee stage.

Binary Loans catchphrase is “We have your interest in mind.”

From Doctor Boson’s Cosmogonyan encyclopaedia of the future

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