Oakland to limit check-cashing that is new. But convenience may be expensive.

Oakland to limit check-cashing that is new. But convenience may be expensive.

Michael Correa carefully counted their money, stashed some in a pocket and folded the others into their wallet that is battered as left certainly one of three check-cashing shops near Fruitvale Avenue and Overseas Boulevard.

“These places bleed me dry,” Correa stated, shaking their mind. “But I require the funds at this time. Just What else have always been we likely to do? allow them to shut my phone off? We don’t think therefore.”

Correa, like numerous Oaklanders who struggle from paycheck to paycheck, frequently utilizes check-cashing shops to obtain access that is easy cash — and also to tide him over as he discovers himself not able to spend their bills.Read more