Friendlies’ creation of a more positive, predictable, and highly trackable algorithm (think computer driven “formula”) for debt collection — exceeding the historical 17 cents on the dollar collection rate — is what will make us successful.
Every financial services company (think banks, credit cards, investments, insurance, etc.) struggles mightily when collecting from difficult debtors (who are also some of their highest margin customers). So, they hold their noses and outsource their debt problems to nasty collection agencies with the hope that it doesn’t blow back on them. Figuring out and demonstrating the effectiveness of Friendlies’ algorithm for a positive, consumer-friendly debt collection process is what will make Friendlies worth a ton to the financial servi... [Read More]
Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.
December 04, 2019
December 03, 2020
Open to Investors
Silicon Prairie Holdings
Seasoned Financial Execs-
Dragging Debt Collection into the Internet Age
Formed by top execs from American Express/Ameriprise, Prudential, and various internet startups, Friendlies Debt Relief invites you to invest in a better way to profit from the coming internet revolution in debt collection. One that replaces harassing phone-bullies wielding the proverbial “baseball bat” and mountains of confusing paperwork with modern online technologies and methods. By leveraging the power of the internet along with step-by-step incentives to help consumers work their way out of debt in a better, more motivating, and more positive way — Friendlies replaces the “stick” with the “carrot” for debt relief.
Revenue Sharing Promissory Note (debt) Class B Preferred Stock (preferred stock)
$1000.00 (minimum) or $2000.00 (maximum) per Revenue Sharing Promissory Note with fixed value. For $2,000.00 investments, Subscribers will also receive 200 shares of Class B Preferred Stock valued at $1.00 per share.