Officials from California Franchisee Tax Board recently revealed that Pamela Anderson, former Baywatch star, owes around $493,000 as tax debt.

If you are astonished at the amount of debt she owes, you will be stupefied to learn that this is only a part of total debt she actually has to repay. Five US construction companies have recently filed lien against her as she owes a huge debt borrowed to make changes in her home. Biggest debt among the five is approximately $674,000. This money was used to purchase labor and materials to modify her existing house, construct huge swimming pool, and build expensive flooring for her guest rooms.

Being unable to manage her debt, she has hired Robert T. Leonard, a tax attorney, to handle further proceedings, who refuses to reveal any information about her Pamela Anderson debt.

Recently, on Twitter, she informed her fans that she’s quite embarrassed by the situation as owing debt is one of the worst things she would like to have. Accepting the current situation, she has taken full responsibility of her debt and said she would try every possible thing to repay it. She has also participated in Dance with the Stars, which would help her a bit to reduce her loans.

Though introduction of her new fragrance, Malibu, is quite an acceptable thing to do, making out is definitely not a debt reduction strategy. Recently, while playing poker, she was down by 250 thousand dollars, and didn’t have enough cash to repay it. The other gentlemen, however, thought she had something more valuable than cash. Hence, he offered to settle her gambling debt, if she would agree to make out with him. Not surprisingly, she agreed and it was all settled.

Pamela Anderson debt, however, is too big to be settled by making out. And it is definitely not one of the best debt reduction strategies. There are many other ways to get rid of one’s debt like debt settlement companies, debt management companies, debt consolidation loans, negotiation, etc.

With numerous reputed debt settlement companies in the country today, reducing your debt isn’t an impossible task. They negotiate with creditors and manage to waive off around 50% of your debt, without actually making out with any one of them.

Hence, if you think yours is similar to Pamela Anderson debt story, don’t wait for it to mount further. Seek proper advice and attack your debt.