Celebrity Debt Woes: Lindsay Lohan has over $600,000 in credit card debt

Celebrity Woes: Lindsay Lohan Needs New Money Manager Fast

The life of a celebrity isn’t all glam and sparkle; take Lindsay Lohan for example. The actress has made major news headlines thanks to her estimated $600,000 credit card debt. Perhaps she should stop by CreditCardFinder every now and then and self-educate herself on proper money management.

A few weeks ago it was reported she was broke and now she has run that much debt on several of her credit cards, no doubt trying to keep up with the glam lifestyle her fame demands. RadarOnline.com was told by a source that “Lindsay owes credit cards $600,000. One card cut her off last week and it’s only a matter of time before all her other credit cards cut her off too.”

Many people believe that Lohan’s hey-days as a sought after actress are over. These days she is said to fetch between $5,000 and $10,000 for a club appearance, whereas in the older days that sort of money was peanuts for her.

Her lifestyle of hard partying and her flopping movies seem to have caught up with her if we are to believe latest reports.

“One credit card company is going to discuss a payment plan for Lindsay,” the source said. But if she doesn’t have the income and can’t make her payments, they are prepared to sue her.”

It was also reported by TMZ.com not so long ago that LiLo was two months behind with her rental payment. She ended up paying the $23,000 owed to her landlord in order to avoid eviction.

Source: Daily News

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