Christmas hamper company Chrisco has been slapped with a $175,000 fine after pleading guilty to 10 charges of breaching the Fair Trading Act.

The Commerce Commission says Chrisco's cancellation policy meant the company recovered more than it should have under the Lay-by Sales Act, resulting in customers being overcharged. It also misled customers about what they'd be charged if they cancelled and how they could cancel.

We've previously reported on the high price of Chrisco's hampers and its steep cancellation fees.

When we last looked at saving for Christmas treats, supermarket Christmas Clubs were the best value compared with savings accounts, hampers and pre-paid savings cards. The only drawback with the Christmas clubs was coping with the end-of-year shopping frenzy.

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