Baywatch babe Pamela Anderson has revealed on TV that she has recently experienced debt management issues.
The American star confessed that she had failed to keep abreast of her financial affairs and had suffered in the recession as a result of a string of investments turning sour.
Anderson, who is infamous for blowing thousands (on her plastic), also revealed that the financial boob now means she is now living in a trailer with her two sons.
The former Baywatch star said she had invested millions of her fortune into her dream home but the project stalled halfway through when she ran out of money.
Despite taking great lengths to avoid it, “Pammie” will have to sell the property, due to cashflow problems.
She said to Jeremy Kyle: “I’m going to sell it. I hate it. People commit suicide over constructions. Relationships break down over constructions and I can see why. It rips your heart out.”
Ivan Cooper, Chairman at debt advice experts Chiltern, said: “Despite falling into debt management troubles, Pamela Anderson is still quite lucky that she can command a sizeable wage.
“Unfortunately many ‘normal’ people who experience such financial heartache aren’t so lucky, and they need impartial advice to get out of debt.”
Fortunately Ms. Anderson’s debt problems should be solved once her Mailbu home has been sold, as it is valued at around £3m. It was bought for approx £850,000.
