Lindsay Lohan Owes Half a Million in Credit Debt

April 19, 2010 By:
Lindsay Lohan Owes Half a Million in Credit Debt

It's no secret that Lindsay Lohan is broke--home girl hasn't worked in ages--but she's also over half a million in credit card debt! Talk about bad money management!

"Lindsay owes credit cards $600,000," a source tells Radaronline of the troubled 23-year-old. "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."

Lindsay Lohan is Broke!

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

Hollyscoop was the FIRST TO REPORT on Lindsay's financial troubles back in 2007. “The money that she has isn’t really there anymore. There’s no money saved up. Its not hard to go through 5 million dollars, especially if your Lindsay Lohan,” our source said at the time.

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While she hasn't starred in a hit movie for years, she used to make a ton of money by making club appearances. But those days are long gone too. She used to make over $50K an appearance but that fee is now down to about $5K.

But of course Lindsay won't take her creditors seriously. She just parties the nights away as if she doesn't have a care in the world. Sadly she's in for a reality check soon.