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Using IRA to pay off debt is definitely not recommended. Withdrawing your IRA before the age of 59 and a half will probably result in your losing about 33% or more of your IRA for a combination of taxes and early cashing penalties, and you would at the same time lose your retirement funds. A better solution would be, for example, cutting on your IRA contributions and use the money instead to pay off the debts. This way you don't pay penalties or taxes, and at the same time save whatever you have earned or deposited in your IRA
Prepaid cards are for anyone who would
rather avoid opening a bank account or risking to get in debt. Therefore they
are very appealing for students, for example, who are too young to have
established a credit history; or for working immigrants, who can this way
easily send money back to their families.
if i was you i would just go to a store and by a card and the reason why i say that is because most of the time with systems like that when you put your credit card in to buy points usually someone can hack in and wipe out your credit card and trust me on that because last time i tried that my credit card got wiped out that's why i go to stores to buy those things.
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