The worst ways to pay for Christmas presents

Ideally, the best way to pay for Christmas presents and other seasonal spending is to save up over the course of a year in a top-paying savings account. Then again, in this new age of austerity, millions of Brits have no choice but to fund Christmas with credit.

Even so, it's vital that we Brits carefully pick the right forms of credit, because borrowing without doing your homework first can end up costing you a fortune in interest and charges. For instance, here are three kinds of credit you should avoid this (and every) festive season...
%VIRTUAL-SkimlinksPromo%