Thanks to their occupation of rolling bidis, about 50,000 women in Solapur are keeping the fires burning in their homes, even as their men are losing jobs in the textile sector. These women, rolling bidis for about 200 branded bidi factories, have the support of the ‘bidi card’, their lifeline to credit and a host of other benefits.

These cards have helped them sustain during the crisis and raise money from formal and informal lenders as the bidi card is treated as credit in Solapur. Bidi factories offer bidi cards — a piece of paper given to women highly skilled in bidi rolling, which ensures her permanent bidi rolling work and other benefits including provident fund, bonus, and medical assistance.

Bidi rolling is manual at all stages, and scissors and threads are the only tools used to make bidis. For decades women in Solapur have been active in bidi making.

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Home credit lender International Personal Finance (IPF) said it returned to profitability in its third quarter as a result of continued positive momentum in operational performance.

Wednesday, 14th October 2020, 7:53 am

Updated Wednesday, 14th October 2020, 7:54 am
Gerard Ryan, CEO of IPF, said: "I'm very pleased to report that the business returned to profitability in the third quarter."
Gerard Ryan, CEO of IPF, said: “I’m very pleased to report that the business returned to profitability in the third quarter.”

The Leeds-based firm said strong collections effectiveness improved to 95 per cent of pre-Covid expectations in the third quarter.

Gerard Ryan, CEO of IPF, said: “I’m very pleased to report that the business returned to profitability in the third quarter.

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“All our key performance metrics continue to improve, with collections effectiveness now at 95 per cent of pre-Covid expectations, higher credit issued, improved underlying impairment and a strengthened equity to receivables ratio.

“We have also made

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Axis Bank on Monday announced the launch of its ACE Credit Card in India in collaboration with Google Pay and Visa.

The card meant to help with digital payments. From application to issuance, with the entire user journey for the credit card application will be done digitally.

For essential use cases, including mobile recharges and bill payments made via Google Pay, users can earn a cashback.of 5 per cent. The company is also offering 4 per cent-5 per cent cashback for expenses on food ordering, online grocery delivery, cab rides for transactions made on partner merchant platforms such as Swiggy, Zomato, BigBasket, Grofers and Ola.

There is also an unlimited 2 per cent cashback on other transactions (terms and conditions applied).

“Users will be able to get cashback directly into their ACE Credit Card accounts. The tokenization feature enabled in partnership with Visa will allow Google Pay users to use

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BEVERLY HILLS, Calif., Oct. 12, 2020 /PRNewswire/ — October 12th 2020 – Houston McMiller at Business Credit America, Inc. has over two decades of experience helping entrepreneurs find ways of funding their business. He has advised a range of clients from individual freelancers to small start-ups and Fortune 500 companies. His expert advice on business loans, personal loans and business credit cards has helped thousands of individuals make their business aspirations become reality and find the funds they need to thrive. He also offers specialist tips and tricks on how to increase credit scores, and how to repair bad credit.

Houston’s popular eBook Insider Bank Secrets has been cited by major news associates such as ABC, NBC, CBS, and Fox, so you can rest assured that he has the knowledge and skills to help your credit and boost your business. The book reveals detailed blueprints on how small businesses

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It’s happened to nearly everyone: Our credit or debit card is lost or stolen, and then we find fraudulent charges on our account. And the Covid crisis has unfortunately made fraud even more common. But the theft of your card or bank information doesn’t mean you’re on the hook for all the losses. On the contrary, in the vast majority of cases, you’re entitled to a refund of almost all fraudulent charges. Here are the basic steps you should understand to get as much of your money back as possible.



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Credit or Debit?

Whether to pay with debit or credit is an age-old question that depends upon multiple factors. Generally speaking, if you have good credit management skills and pay-off your cards on time every month, you should pay with credit as often as possible, in order to enjoy cash back, points and other rewards. From

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whole foods amazon



Shannon Stapleton/Reuters


Amazon Prime Day is officially slated for October 13-14, and while you can expect to find thousands of great deals across many categories, there’s an easy way to save even more: by buying your groceries at Whole Foods.

That’s correct. By simply making a purchase of $10 or more at Whole Foods online or in-store, you can get a $10 credit to use on Amazon for Prime Day. 

This is a great deal because everyone needs groceries — and you’re probably planning to buy some anyway. You can effectively buy necessary items that you would’ve purchased regardless of any promotion and get free money to spend as a Prime member in the process.

Alcohol, taxes, tips, stamps, gift cards, delivery fees, and regulatory fees don’t apply to the $10 purchase minimum. Once

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Building credit isn’t just a personal financial concern—it’s a vital one for new business owners. Building your company’s credit isn’t just about ensuring you can get financing when you need it. Your ability to meet your company’s obligations affects everything from the suppliers who will do business with you to the level of talent you can bring on to your team.

Below, 10 members of Forbes Finance Council offer some sage advice on how small-business owners can go about building credit for their organizations.

1. Separate the owner’s credit from that of the business.

The best approach to building company credit is to separate the individual owner from the business. This is done by forming a corporation or LLC to operate the business. The business entity will be able

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With a traditional loan, the lender gives you money upfront, and you pay it back in installments. A credit-builder loan works in reverse: You pay the lender monthly installments, then you get the money back at the end. You’re essentially lending yourself money, and because the payments are reported to the credit bureaus, it builds your credit.

Even if you’ve been turned down for a personal loan in the past, you have a good shot at a credit-builder loan. The lender isn’t putting its own money at risk, and it holds your money in a savings account until the loan is fully paid. When the lender is protected like that, it can make these loans available to people with thin credit or no credit.

The key is to make all of your payments on time. Do that, and your credit reports will get an influx of positive data. Make just

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Illinois Budget

Illinois Gov. J.B. Pritzker delivers his state budget address, Wednesday in Springfield, Ill.

(Antonio Perez/Chicago Tribune via AP, Pool)




CHICAGO — Illinois is “almost guaranteed” a credit rating downgrade to junk if its voters next month reject a constitutional amendment allowing the state to tax high-income residents more, a Citi research report said on Monday.

However, Citi argued against non-investment-grade ratings for any U.S. state given the greater flexibility of states to weather fiscal crises than most U.S. corporations.

Illinois is the lowest-rated state at a notch above junk, with negative outlooks from all three major credit rating agencies.

Moody’s Investors Service and S&P Global Ratings recently issued warnings about Illinois’ struggle with a huge unfunded pension liability and structural budget deficit that has been exacerbated by the fallout from the coronavirus pandemic.

“If Moody’s downgrades Illinois (general obligation bonds) to

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A business credit card can build your credit profile and help when making essential purchases for your business, but if your credit score has taken a hit or two, qualifying for one may be difficult – though it’s not impossible. Learn how small business owners with bad credit can get approved for a business credit card. [Looking for an alternative to credit cards? Check out our review of business loans.]

Can you get a business credit card with bad credit?

Credit card issuers look for a good credit score (which is considered to be 670 and above, according to Experian), the same as they do with individuals applying for a personal credit card. The higher the score is, the more creditworthy the borrower is considered. The lower the score is, the riskier the business owner appears. (Scores ranging from 580 to 669 are considered fair, while scores ranging from

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