Upfront Fee


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Upfront Fee

A fee paid before a good is produced or a service is performed. The upfront fee is generally a portion of the total fee that the buyer must pay. For example, one may commission an artist to paint a portrait and pay a 20% upfront fee, paying the remainder when the portrait is finished. It is also called an advance fee.
References in periodicals archive ?
If you charge an upfront fee, you should establish a tiered progress payment policy.
But more worrying are scams offering non-existent loans in return for upfront fees - leaving those already struggling worse off.
A spokesman said Mr Clarke's remarks were 'entirely consistent' with what Tony Blair said in December, when he told the Commons that parents would not have to pay thousands of pounds in upfront fees.
Upfront fees generally work best in pricey markets with high home equities as a hedge against monthly service fee sticker shock.
Hernandez says that companies demanding upfront fees to renegotiate mortgages are often run by individuals who were responsible for facilitating highly dubious mortgage loans during the housing bubble.
Now an Insolvency Service report into this Cheshire-based sham states: "Secure My Money did not carry out any work for its upfront fee.
Data plans starting from a three-month plan with 3GB data for an upfront fee of BHD 10.
The typical scam involves the promise of a loan modification or other mortgage or foreclosure relief in exchange for an upfront fee, but once the fee is paid little or nothing is done to help the homeowner.
They were expecting applause, but they got raspberries because almost 25 percent of Los Angeles' neighborhoods don't have any street lights at all, let alone new ones, because they can't afford the $1,600 upfront fee required from each homeowner just to install streetlights in their neighborhoods.
The typical scam involves the assurance of a loan modification in exchange for an upfront fee, but once the fee is paid little or nothing is done to obtain a loan modification.
There is no reason a consumer should pay an upfront fee for loan modification services.
California law bars any foreclosure rescue company or loan modification company from charging an upfront fee if the client is in default.