The worst ways to pay for Christmas

There are some good ways to pay for Christmas, and there are some very bad ways.

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. However, once again this festive season millions of people say they are going to put Christmas on credit.

If that's you, it's vital you carefully pick the right form of credit to use, 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...

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