Payday Loans: Boon or Bane?


Did you ever hear the term "bane of my existence?" It's an old one from some pretty dramatic writing. It refers to something that makes your life miserable. How about "boon"? That's probably a more familiar word. A boon is a benefit. You would think it would be pretty simple to sort out one from the other, wouldn't you? Not so when it comes to those tempting "Payday Loans." Every morning when I get ready for work, I have the local morning news station on. And every morning, I hear the same jazzy commercial, set to music, about how easy it is to simply stop into the storefront of this business and receive an advance on my next paycheck. Sound too good to be true? Well, there's a reason for that.


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