While many people are likely racking their brains about what to get their loved ones for Christmas, Churchill has warned that undergarments should probably be kept out of stockings.

The assertion came as it released the results of a new poll indicating that many Brits are underwhelmed by undies and saturnine about socks. Of those questioned, nearly a fifth (18 per cent) said they would be loath to receive inappropriate lingerie or underwear, while more than one in ten (13 per cent) insisted they would be keeping socks off their wish list. Indeed, it seems clothes as a whole are somewhat risky territory, as more than a quarter (26 per cent) claimed that an out of date addition to their wardrobe would be the worst present they could receive.

Meanwhile, those who want to demonstrate their quick wit this Christmas may do better than to buy their friends and relatives novelty presents, as nearly a quarter (23 per cent) said they would be riled up by such gifts.

Whatever emotion people want to evoke this yuletide, taking out a personal loan may help people to avoid inadvertently spreading the rage. In taking out a low-rate loan, consumers may be afforded the financial security to ensure that they do not skimp on presents and get their loved ones a gift they will cherish.

Indeed, Churchill noted that it is important to many that they receive gifts with a personal touch, as 26 per cent said they get wound up at being given presents that they are sure were meant for someone else.

Further findings from the group indicated that once Christmas day is over, many people flog unwanted gifts on the internet or swap them with others who may take more of a shine to them.

Commenting on the findings, Claire Foster, spokesperson for Churchill Home Insurance, said: "The research shows people enjoy getting into the spirit of Christmas and swapping gifts. It seems almost inevitable that at some point theyll receive things that they arent keen on. The New Year is a good time to have a clear-out and put unwanted items to good use, for example selling them on or giving them away to charity. The New Year is also a great time for householders to re-evaluate their home contents and take stock of what they own - this way they ensure they have adequate insurance cover in place should the worst happen."

While more than a quarter (27 per cent) feel dismay at gifts which show a lack of thought, taking out a personal loan may help people to ensure that price is not a barrier when mulling over potential pressies in the run-up to Christmas. Taking out a loan may prove a more attractive option than splashing out on store cards after a survey by uSwitch released last month showed that this form of credit could inflate Christmas spending by 52 per cent when interest charges are taken into account. For those who find their finances are left with a hangover in the new year, taking out a debt consolidation may prove an attractive option.

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