People who apply for day no credit check loans will apply knowing that they can have access to easy credit usually within 3 days of applying. You can repay the loan back early if you want to without any redemption penalties..
The concept of day no credit check loans resulted from fallout due to the credit upheaval of recent times. Lending practices had to change to allow folk with bad credit ratings to raise finance. The solution was the guarantor loan and this has proved very popular.
People might say the main advantage of day no credit check loans is that the borrower's previous financial history becomes totally irrelevant. All prior missed payments, defaults and arrears are just a thing of the past. Provided a guarantor with an average credit record can be put forward then you can obtain easy cash again, when you could not before.