All the Americans know what Payday loans are. Many of them are scared by its high cost and not always reliable lenders. In Oakland a new kind of short-term small-dollar cash advance service was offered to customers. It’s the Community Check Cashing.
It’s been operating for 10 years already since May, 2009. With only 1,300 square feet and a $230,000 annual budget, CCC serves the same customer base as its for-profit counterparts, but to no great reward, with fees and interest rates adding up to less than half those of the competition.
