Holiday loans don’t always offer the most favorable annual percentage rates, which makes them a particularly expensive way to finance the gift-giving season. Before you take out one of these loans, consider whether it will be cost-effective for you in the long run — you might be better off using other financing options.

Our research, news, ratings, and assessments are scrutinized using strict editorial integrity. Our editorial staff does not receive direction from advertisers on our website or our Partnerships Team. Our company may receive compensation from partners seen on our website. Here's how we make money.