Bow Wow has hit legal trouble yet again! Not only has Bow Wow been ordered to pay a lot of child support to his baby’s mama but creditors have also been chasing him for three years now. On top of all of that, Bow has been hit with a $300,165 lawsuit by the company who repossessed his Lamborghini Murcielago. According to the company, they had to take out a loan to take the vehicle and sell it. So now on top of the $21,371 he owes the bank, he has to pay off this company for the next 84 months. Hopefully that new 106 & Park gig pays well, but it probably doesn’t so Bow should probably start reading some scripts or something ASAP. Read more below.
Julie A.
It costs about $25,000 to repo a car but SunTrust Bank added on extra fees for loan processing and “repossession expenses.” This sadly, doesn’t include the $283,000 that the collection agency is after him for. Bow now has to pay $3,000 in child support and $4,730 to SunTrust but he claimed that he was only making $4,000 previous to becoming the host of 106 & Park.