Payday loans are a type of short term loans, but not all short term loans are payday loans.
And not only people with bad credit get short term loans, which again differ them from bad credit loans.
But we can’t say that all bad credit loans and all short term loans are payday loans.
Bad credit loans, short term loans, payday loans, easy approval loans, no credit check loans, no credit no problem, no income verification loans, and so on.
So, the truth is that few years ago these terms: bad credit loans, short term loans, payday loans were almost the same thing.

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