HIGHLAND PARK, IL, October 25, 2006 -- In a new effort to help growing businesses stay afloat in today�s challenging economy, a leading debt-management firm today announced an innovative program in which both new and existing clients can recoup up to 100% of the earned fees they pay to the firm.
Performance Source Inc (PSI), a suburban Chicago company with over 43 years of experience in negotiating debt-reduction agreements for closely-held businesses nationwide, today rolled out its SURE (Satisfied User Refund Entitlement) fee-rebate initiative. Under the program, whenever a referral from a PSI client leads to a new-client relationship for PSI, the referring client will receive a rebate check equal to 20% of the total earned fees paid by the new client.
As a result, clients can recover up to 100% of the earned fees they pay to PSI by referring just one or a few companies who become PSI clients. There is no time limit on the program: All clients are automatically eligible, whether they are brand-new, current, or past users of PSI�s services. PSI operates on a client-approved contingency basis; the fees it earns are based solely on the dollar-amount of debt savings it achieves for its clients.
PSI President Jim Herst explained the reason for the SURE fee-rebate program: �We want growing businesses to know that there is a risk-free, highly affordable alternative to bankruptcy and debt-consolidation programs�namely, PSI. And because business owners so often rely on each other for tips and solutions that really work, it just makes sense to offer a referral incentive like this.�
Instead of consolidating a client�s debts, PSI deals with each creditor individually, negotiating settlements which typically reduce the client�s total debt load by up to 80%. �Clients often come to feel that we are part of their internal team because we handle all communication with their creditors�and quite often, help them stay in business,� Herst noted. �As a result, they are more inclined to recommend us to owners or managers of other debt-burdened companies.�
Clients may refer to PSI any company who they reasonably believe might have debt problems, even if they do not have in-depth knowledge of that company's finances. The client�s name also can be kept private from the companies whom they refer. In either case PSI can approach a referred prospect discreetly and discuss debt management without revealing the referrer�s name. PSI, which negotiates virtually all types of business debts, accepts referrals by phone, e-mail, fax, or postal mail.
PSI�s clients are part of a crucial sector of the American economy. According to a U.S. Small Business Administration report (�Small Business by the Numbers,� June 2004), small companies represent more than 99% of all employers and 50% of the private-sector workforce. They provide about 75% of the net new jobs added to the economy each year, and more than half of the non-farm private gross domestic product, or a GDP of roughly $6-trillion.
About Performance Source Inc.
Since 1963, Performance Source Inc. (PSI) has helped small businesses nationwide improve their cash flow, and in many cases avoid bankruptcy, by negotiating with their creditors to reduce their business debts by as much as 80%. PSI has helped thousands of clients save tens of millions of dollars and satisfy their creditors without borrowing additional money. Under the company�s risk-free process, clients decide which payables they want PSI to negotiate, they approve (or decline) all proposed settlements in advance, and owe PSI nothing if a settlement is not reached or not accepted. And because the company also handles all contact with clients� creditors, clients are able to focus on growing their businesses. For more information about PSI, please call 800/883-5080 or visit www.performancesourceinc.com. Performance Source Inc. is not affiliated with Performance Source II, Ltd.