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EXCLUSIVE: Lindsay Lohan Owes More Than $500,000 In Credit Card Debt

Apr. 19 2010, Published 1:18 p.m. ET

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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, 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 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."

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

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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.

Lindsay Lohan

"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."

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