However, if the customer does not take out the loan or credit card within six months the credit broker is only able to keep pounds 5 of the up
front fee and should refund the balance.
The winners of tenders will pay up
front fee amounting to Rp 438.64 billion and operation right cost (BHP) for the first year at Rp 438.64 billion.
They usually charge an up
front fee for filing your claim and they take a percentage of any refund.
He said the dodgy firms then ask for a pounds 165 up
front fee, which vulnerable people have been duped into paying.
Alternatively, firms interested in making a long term investment can take payment for their services in the form of a smaller up
front fee combined with an equity interest in a specific venture.
The poorest students will continue to have the full amount of the old up
front fee paid by the state and they will also qualify for a grant worth pounds 1,000, which is due to come into force next year.
'' The Department for Education and Skills insisted, however, that his comments, on BBC Radio 2's Jeremy Vine Show, could not be interpreted as meaning ministers were poised to abolish the current pounds 1, 100 up
front fee.
* Up
front fees requested for processing transactions.
Instead a subsidised level of loans, enough to cover tuition fees, could uphold the "no up
front fees" principle, the report said.
Research by the Higher Education Policy Institute (HEPI) said abolishing up
front fees could cost the taxpayer pounds 1.6bnin 2010.
``We are getting rid of unpopular up
front fees, will continue to pay the first pounds 1,100 of any fees for students most in need.