Allen Reveals Financial Woes
Pop star Lily Allen has fallen victim to the current global economic downturn - insisting she is "completely broke".
The Smile hitmaker admits she has spent all of her royalty payments from her debut album, 2006's Alright, Still, splashing her cash on shopping trips and a top of the range sportscar.
But Allen has revealed her extravagances have left her seriously short of money - she has even been forced to sell her beloved $50,000 (£35,000) BMW to help pay her debts.
She says, "I've been hit big time by the credit crunch. Actually, I've just had to sell my car because I'm so broke. I bought a car last year and that was probably my biggest extravagance. Clothes, too. I'm always buying clothes. I'm completely skint."
And the star can't see an end to her financial problems, as she can't use any of her credit cards and has been refused a loan from the bank.
She adds, "I'm waiting until I get the royalties from the (new) album and all the radio plays, but that takes about a year. I can't even spend on credit cards. The banks will usually front your money in that kind of situation, but they are not lending at the moment, so it's a tricky time."