Back Away From the AmEx, Lindsay Lohan!

Hollywood's biggest shopaholic has come face to face with our worst nightmare - credit card debt.

Back Away From the AmEx, Lindsay Lohan!

Hollywood’s biggest shopaholic has come face to face with our worst nightmare – credit card debt.

-Carolyn French

Lindsay Lohan

Less than three weeks ago Lindsay Lohan came this close to being homeless. And instead of shredding her credit cards (or at the very least keeping an eye on her spending habits) the onetime actress continued to do what she does best: Shopping and partying.

Because of her inability to penny-pinch LiLo is currently over half a million dollars in debt!

Read Lindsay Lohan Will Get a New Stepmother

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

Isn’t this depressing? When is she going to learn that you can’t spend money when you aren’t working. We all want that new sundress or that Matt & Nat Axel Nappa handbag, but we also have to be realistic.

Lindsay is looking at a lawsuit if she can’t make her payments.

Is retail therapy really worth screwing up your credit, chica? (RadarOnline)

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