Does your stomach turn ever time your credit card bill arrives? If the balance keeps growing, along with your anxiety, it's time to figure out the best way to repay your debt without shelling out a lot on high interest rates. Carmen Wong Ulrich, our financial expert, helps out iVillager, tonitoons, who asks:

I have approximately $6500 on a credit card at 11.99%. What is the best way to repay with the least amount of interest? I have toyed with the idea of borrowing against my 401K. A home equity or consolidation loan probably isn't an option as I just refinanced. I have lived without credit cards before and am willing to do it now to repay this, but I still would like to minimize the interest and time to repay it.

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