She might be homeless if not for people saving her. She is broke as a joke."
Small loansWhitney - whose ex-husband is Bobby Brown - is believed to be in such a dire financial position she has even had to resort to contacting friends for small loans.
PHOTOS: Whitney Houston
The source added: "She called someone to ask for $100. It is so sad. She should have Mariah Carey money, and she's flat broke."
In August 2001, Whitney signed the biggest record deal in music history at the time with Arista/BMG, renewing her contract with the label for $100m to deliver six new albums.
She released her last LP I Look to You in August 2009.
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