Pamela Anderson has fallen on hard times, according to fellow crazy blonde Courtney Love.

While Pammie may appear to live the glamourous life, the way that Courtney tells it the former Baywatch star is more trailer trash than beach babe these days.

"Pam Anderson doesn't even have a credit card," the former Hole singer tells Page Six.

"And she lives in Paradise Cove - which is in Malibu, but it's a trailer park in Malibu."

But things perhaps aren't as bad as Courtney makes out - as our pictures show, Paradise Cove Mobile Home Park is a super-exclusive community where 'trailers' go for between $325,000 and $1.2 million.

So Pam's hardly slumming it.