For those, if any, who have wondered why so many Paramount contractees appeared in United Artists' films during the war years, this is another one of the Paramount productions that was sold to United Artists in the early-40's when U.A. was having trouble meeting their exhibitor contracts because of lack of product, mainly due to their loss of production in England. A group of starving, but young and willing, actors band together to share finances and an apartment. Norman Reese (William Holden) orders no love nonsense between the boys and girls till they are set on broadway, but Marge Benson (Barbara Britton) and Tony Dennison (James Brown) are already secretly married. A friend drops in to see Dottie Coburn (Martha O'Driscoll) and is shocked to find the boys and girls sharing the same apartment and insists it is her duty to inform Dottie's father (Jay Fassett.)

Elsa Carlyle is impulsive and a gambler. Though loved by her husband Jeff, she's spoiled and selfish, concerned with social standing. Meanwhile, Jeff wants to stop spending while he completes business deals that could make them rich. One night, on a hunch, she bets and loses big at a casino, and then she doubles her problems with more impulsive decisions. Hardy Livingstone, a wealthy Casanova just back from the Orient, makes a play for her. Elsa dallies with Hardy, but soon, his insistence and her dire financial affairs seem destined to lead to adultery. Who's the cheat?

A prostitute living in Panama shoots her pimp and is charged with murder. The lawyer who gets her off fronts her money to start a new life in NY where she becomes a successful business woman and meets wealthy businessman, Harry Davenport. He knows nothing of her past. Then someone from the past shows up. Will she be exposed? Will she follow through on her plan to marry?