Lindsay Lohan is over half a million in credit card debt

wenn2812622
There were stories years ago that Lindsay Lohan was rapidly blowing through whatever fortune she had amassed by shopping constantly. She also used to live at the Chateau Marmont hotel and reportedly ran up a million dollars there in 2005 alone. That money could have been used for a down payment on a home, but Lindsay is still living in (very relative) squalor in a rented home, for which she’s missed payments. Now Radar Online is reporting that Lindsay is sadly but unsurprisingly over 1/2 a million dollars in debt to credit card companies and owes over $600,000 on her plastic. With little career prospects and an event fee that isn’t even as high as Snooki’s Lindsay is going to have a lot of problems paying all that back:

Lindsay Lohan has been hitting the party scene hard and hasn’t done much work since her last film Labor Pains, which went straight to DVD. Despite her lack of income, RadarOnline.com has learned exclusively that she hasn’t cut back on her spending and is now over half a million dollars in debt.

“Lindsay owes credit cards $600,000,” a source tells RadarOnline.com 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.”

Lohan used to make a good chunk of change by doing club appearances, but as RadarOnline.com previously reported the invites are becoming sparse and the starlet gets only from $5,000 to $10,000 at most.

Lohan’s financial woes are nothing new but the severity of them is. She recently made headlines when it was reported that the actress was two months behind on her rent, prompting her landlord to threaten eviction. Lohan allegedly paid $23,000 to catch up and stay in her place.

“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.”

[From Radar Online]

Since I’ve been on vacation in the US I’m amazed at how easy it is to spend money here. I’m serious, it’s a little harder to spend like that in Europe as the stores aren’t open as late or on Sunday and the clothes are so much more expensive that you just don’t buy as many things. (And I live in Berlin, where stores are open later and there’s more variety, etc.) There’s a real shopping culture in the US that I didn’t fully notice until I was away for a few years. That said, Lindsay has no one to blame but herself for this financial mess! She has screwed herself out of a very promising career by acting like an entitled brat for years, and she could have cut back on her spending when she realized there wasn’t as much money coming in. Now she’s doing drugs and and has no income to speak of other than whatever she gets for her leggings. There are rumors that Quentin Tarantino wants to work with her, but how much do you want to bet that she’ll screw that up, too? In Lindsay’s world, she’s still a rich movie star, she can still buy whatever she wants, and there’s no one telling her “no.” Pretty soon the credit card companies may be, though. The sad thing is that all that money probably went to clothes, purses and shoes and she still looks like a mess and her house is a pigsty, too!

Here’s Lindsay at Coachella on 4/18 showing off some of her million dollar wardrobe. Credit: WENN.com

You can follow any responses to this entry through the RSS 2.0 feed.

50 Responses to “Lindsay Lohan is over half a million in credit card debt”

Comments are Closed

We close comments on older posts to fight comment spam.

  1. ogechi says:

    Pity

  2. TaylorB says:

    In that top photos she looks like a circa 1988 White Snake groupie trying to get backstage at the State Fair concert.

  3. bellaluna says:

    Good. Since the cops won’t cut her off from her freedom for all the illegal things she’s done and continues to do, maybe the banks will cut off her financial ability to continue to do those things instead!

    CB: Those E! ads are KILLING my internet speed/connectivity today!

  4. Michael says:

    Man, she always looks so angry in these pics!

  5. Jazz says:

    If it was anyone else they would have debt collectors beating down the door but since it’s Lindsay, she’ll probably get away with it.

  6. GatsbyGal says:

    I think this might just be the years she kills herself. I mean, there’s no way on earth she can bounce back from that kind of debt unless she gets completely clean and lives like the Amish for a decade. And since that’s definitely not going to be happening, the end of her road is either lots of jail time or suicide.

  7. Sumodo1 says:

    Well, we were all wondering how she keeps shopping. D’oh!

  8. Mimi says:

    First she could at last look like she’s having fun why she always looks miserable in pics? If is not fun go home and take a good nap… Second this festival is appropriate for her sister be there? Because if is like most of festivals she’s just learning about how to drink, trow up, inhale and inject…

  9. LindyLou says:

    Countdown to Lindsay’s bankruptcy in 4, 3, 2……

  10. TaylorB says:

    bellaluna,

    Are you getting the ’504 gateway timeout’ as well?

  11. QQ says:

    How Long is she going to live at this rate, I mean that crackhead is resilient on top of it all, just subsisting on no sleep, no food, no money, we bet on her on deathpools every year and voila, she still makes it!

  12. snapdragon says:

    “In that top photos she looks like a circa 1988 White Snake groupie trying to get backstage at the State Fair concert.”

    taylorb – good call, except you forgot the “willing to blow anyone & anything to get backstage” part! LMAO!

  13. bellaluna says:

    TaylorB,

    Yep, I sure am. I love Chelsea, but these ads are killing my computer!

  14. The Judge says:

    A shopping culture ? Could you be referring to the sedentary consumerism that most of our lives have been reduced to ? As if a chimp couldn’t go out and “buy” things. I came across a concept some years ago that terrified me but has proven more and more to be true: A (wo)man is no longer defined by what he does, but by what he consumes…

  15. GatsbyGal says:

    TaylorB – I’m getting 504 Gateway Timeouts all the time on this site…WTF is going on? My internet is fine, it must be a problem on the site’s end. But it’s really fucking annoying to write up a long comment and then get the 504 error.

  16. annie says:

    Is anyone else grossed out by how disgusting thos boots probably smelled when she finally took them off? Her hygiene is questionable and that was a long hot day in suede boots. Gross.

  17. lucy2 says:

    This girl once made millions per film. If she’s not a cautionary tale for a dozen issues, I don’t know who is.
    For the million she spent living at a hotel, she could bought a nice little place and be free and clear now. Instead she’s paying over $10K month in rent??? She should just rent a storage unit somewhere for all her stuff, since she doesn’t seem to sleep, eat, or shower much anyway.

    This sort of problem is only going to make her other problems worse.

  18. Jazz says:

    I got a few 504 Gateway Timeouts the other day! I don’t have any E! ads though.

  19. Huma says:

    Good. I hope she gets sued. She’ll probably have to file for bankruptcy if she wants to set up repayment (she’d probably be an abuser under the Chapter 7 means test under BAPCPA) and be discharged after 3-5 years. Then White Oprah will be like SHE DID NOT FILE FOR BANKRUPTCY THESE ARE MALICIOUS LINES LOOK EVERYONE A PUPPY CARRYING A GLAZED HAM.

  20. SolitaryAngel says:

    TaylorB and bellaluna: ME TOO!!! Argh.

  21. Ursaline says:

    She just looks completely unhappy and lost. I feel more pity for her than anything, but she clearly doesn’t want any help from anyone who could actually do anything positive for her, so she’s going to have to keep going down this road until she either finds a way out or the way out find her. She really needs to get away from Hollywood; I think it’s a big part of her demise. And that hair! She was so beautiful as a natural redhead. I’d have killed for hair like hers.

  22. Marta says:

    My browser won’t open on this website- several times in the past few days, I can’t access it because the server isn’t responding. I can access other sites just fine.

  23. Celebitchy says:

    Celebitchy, I agree with you. Here in Prague shops have even better opening hours than those in Berlin. My sister lives in there so I know that for a fact. The problem is the offer. It’s nothing like in US and we don’t have that much choice to spend on. At least I don’t. And it’s funny how Paris, Milan and London are great for shopping in Europe but all the rest of the cities are exactly the opposite. And the stuff here is overpriced. Just bought new Aviators today and guess what. They cost $150 in the US, compared to $300 US here in Prague!

  24. gg says:

    Color me shocked it’s not $6M instead of just $600k

  25. TaylorB says:

    From what I have learned the ’504′ timeout is an upstream server issue…

    *gives nasty glare and evil eye to lazy a$$ CB server* ;-)

  26. happymom says:

    I’m sure Dina will be along shortly to deny these mean rumors.

  27. Leek says:

    Is it possible to charge cocaine? I guess the debt would be much higher though.

  28. Red Folder says:

    I bet, whatever her “punishment” is–won’t be the same if it had been you or I who’d run up such massive debts without being able to pay. . .

    I’m sure that she’ll get her “celebrity/rich person justice” just like all the rest. . .

    She probably has nothing to worry about. . .which is why she still shops and parties relentlessly.

  29. Celebitchy says:

    I’m so sorry about the server issues! I’ve been working with the server people on it all day and we think it’s fixed now, fingers crossed. It’s very frustrating.

  30. Q says:

    People, you’re missing the real tragedy here: She’s in debt $600K to look THAT cheap!

    Damn girl, next time just go to a thrift store. They take credit cards, too.

  31. Cinderella says:

    This means no wedding gift for Michael & Kate.

  32. lucy2 says:

    Red Folder, I bet you’re right.
    I have had a good paying job for over 10 years, owe less than 50% the value of my home on my mortgage, and have had perfect credit for years, and my bank still reduced the amount of credit on my home equity line this year. But someone gives a cracked out 23 year old moron who used to be in movies over $600K in credit. ???

  33. gg says:

    lol @ TaylorB on the Whitesnake groupie check. :lol:

  34. Jeri says:

    She could get cash advances & buy whatever she wants with the cash.

  35. Michelle says:

    I wonder what she might be shopping all through.

  36. Simi says:

    It’s called having an addiction. Sad girl.

  37. CB Rawks says:

    Huma said: “Then White Oprah will be like SHE DID NOT FILE FOR BANKRUPTCY THESE ARE MALICIOUS LIES LOOK EVERYONE A PUPPY CARRYING A GLAZED HAM.”

    Ahahahaha!! Awesome. :D

  38. Green Is Good says:

    And she’ll dodge this bullet, too. She’s never had to suffer serious consequences for any of her self-entitled, spoiled brat behavior.

  39. JC126 says:

    Regarding the comments about her being allowed to get away with it – a (former) millionaire was probably given massive lines of credit years ago, before she hit bottom, and as for consequences, while it’s horribly irresponsible of her, I for one am glad we don’t have debtor’s prison in this country. Because it would usually be poorer folks put in it, not the rare celeb.
    Also, with respect to buying a smaller place for under a million, it would be next to impossible for someone famous to find a place that cheaply that also had some security against paparazzi.
    NOT defending Lohan, I can’t stand her, just ftr. Did you guys see her wardrobe on ET?? What a loony bird – no one needs that much crap!

  40. lucy2 says:

    I get what you’re saying, but considering she’s been in bad shape for a long time now, I’m just stunned the credit companies didn’t buckle down and cut her off sooner when all the credit crunch stuff happened.
    I kind of doubt she’s worried about security from paparazzi. She’s constantly trolling the streets and clubs where they all are. If they didn’t photograph her falling into the gutter every other night, what would she have to twitter about? ;)

  41. TG says:

    @Judge – That has been my thoughts too for a long time. If I understand you right, it’s not how much money someone makes it’s what they do with it or how they manage it that is important.

  42. Wresa says:

    The Judge– If you want an interesting look at consumerism and how it got to be so pervasive, watch The Century of Self, a BBC documentary by Adam Curtis. It’s a few years old, but still really good.

  43. Rianna says:

    In this current economy I highly doubt the banks will just let her slide on this. They are going to want their money back come hell or high water…

  44. andrea says:

    taylorB: hahahahaha! that’s *exactly* what she looks like.

    p.s. those fringe boots are a f*cking crime.

  45. Skylar says:

    @Celebitchy! i always suspected you lived in Berlin (or at least Germany). Your use of Schadenfreude tipped me off. Anyway, when I started reading this blog I was also an expat living in Berlin and now I’m doing everything I can to get back there. You mentioning that stores are closed on Sundays just made me miss it desperately.

    I’ve found that I spend more money in Berlin just because the stores there appeal to me more. i think there’s much more to look at that’s interesting and one-of-a-kind. There are great boutiques in LA, too, but they’re much harder to find.

    I’ve totally missed the point of this post but whatever. I LOVE BERLIN.

  46. Lisa says:

    She’ll be fine. Look – she’s already auditioning for Survivor!

  47. Richi says:

    It’s sad how her life is….for me she looks so dirty and rags!!!

  48. Johnthing says:

    Loser!

  49. Alexis says:

    What would Suze say