Frequently Asked Questions

Prepaid cards for kids are available for children as young as six. You'll be top-up their card with money, monitor spending and set controls. Prepaid cards for children usually come with an app that has additional features that can help teach your kids about money and budgeting from an early age. To learn more about them check out our expert article on how to choose between prepaid debit cards for kids.

Repayment term (or loan period) is the time over which you repay a loan to a lender. For example, small short term loans are usually less than one year and personal loans are generally one to five years. During your loan period you will need to make regular repayments to the lender as agreed until the end date, by which your loan balance should be paid in full.

Short term loans are often referred to as quick loans and known for their quick approval process. Normally they are quicker than larger personal loans with money often paid on the same working day, but timescales will vary depending on the lender and on your circumstance. For example, you may have a thin credit file with very little information. A lender may need to perform additional checks and may request more information, such as bank statements, proof of address or employment. These additional requests for more information and checks may delay a decision on your application.

You may see advertised "guaranteed acceptance loans", or "pre-approved loans", or similar terms. However, in the UK, authorised lenders must perform adequate checks to ensure a loan is right for your circumstances - otherwise they could be lending to you irresponsibly. No lender can guarantee your loan application will be approved, or pre-approve without first performing checks.

You can find more information on this topic in our guide on guaranteed loans and quick loans.

We are classed as a broker - which allows us to offer consumer credit comparison services for products like personal loans and credit cards. MustCompare.co.uk is a brand owned by Emergency Cash Limited or ECL. ECL is licensed and authorised as a credit broker and a direct lender. However, MustCompare.co.uk does not act as a direct lender, nor do we feature any loan products offered by ECL.

All providers are carefully checked before we add them, which is why you'll only find genuine UK-based companies on MustCompare.co.uk. Additionally, we ensure all financial services providers featured on MustCompare.co.uk are authorised and regulated by the FCA.

Even though we carefully screen every company and product we list, we cannot guarantee the standard of service they offer. We neither make recommendations on financial products or services featured nor take responsibility for the information on their websites. It's important that you have all the information you need directly from the provider to make an informed decision before applying for any financial product - even if you see it on our site.

We don't give financial advice or legal advice. Additionally, we don't make any recommendations on financial products or services, even if these are shown or mentioned on our website or any other channel or platform. If you are unsure what financial product is right for you, it may be best to speak to get independent financial advice from a qualified, authorised professional.