Report: Courtney Love Says Pam Anderson 'Doesn't Even Have a Credit Card'

Pamela Anderson has looked a little down and out lately -- maybe for good reason.

Courtney Love told us, "Pam Anderson doesn't even have a credit card. And she lives in Paradise Cove -- which is in Malibu, but it's a trailer park in Malibu."

PHOTOS: Pam Anderson Now and Then.

A quick check on the Internet reveals that a double-wide trailer in the park costs around $325,000 -- and on the high side, homes are around $1.2 million.

The blond bombshell's manager didn't return our e-mails.