Is Bow Wow Having Financial Problems? Creditor Having A Hard Time Getting Him To Pay Up
Bow Wow seems to be having a little bit of financial trouble the days. Earlier this week the rapper was ordered to cough up $3,000 a month in child support to his baby mama Joie Chavis for their 1-year old daughter, Shai.
In court Bow Wow told the judge he was making only $4,000 a month as an employee of Cash Money Records and only had $1,500 in the bank according to TMZ. The rapper also said he was leasing a jeep.
Luckily for Bow Wow, he was just named as one of the hosts of 106 & Park which should help ease the financial pressure, but he still has to deal with a creditor who has been chasing him for three years.
According to TMZ, Bow Wow leased a 2005 Ferrari F430 back in 2008, but quickly fell behind on payments. In 2009 the leasing company sued him and got a judgment for $216,084.
Three years later the leasing company hasn't received a dime. With interest tacked on Bow Wow now owes them $283,785.
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Comment by STARSCREAM on October 7, 2012 at 5:51am -
smart man..leave that money in momma name..that chick don't need 3k in child support..knock it off...and he don't need credit so f*** that car..I wouldn't give them s***..if i wanna buy some on credit use my momma name and pay it off.
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Comment by dee on October 7, 2012 at 4:48am
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Bow wow a smart n!gga.hide the money in his mom name so these money hungry gold digging hoees won't be able 2 get none.lmao.1500 in his bank account.lol.that's a smart n!gga
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Comment by Chaos on October 7, 2012 at 2:07am -
Dammm these hoes be actin up and these n***** be lettin them
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Comment by Ahh Boosh on October 6, 2012 at 11:33pm -
bow wow moms holds all his money....thats why he can say he has no money in HIS bank account...IT'S IN HIS MOTHERS NAME SINCE HE BEEN A CHILD...you people gotta realize dude been gettin paid since he was mad young, starring in movies as a little kid....and still doing his thing now, he's worth millions.
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Comment by DJ Slowpoke on October 6, 2012 at 8:28pm -
didnt this n**** franchise into McDonalds??? He shouldnt be broke
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bow wow got more then 1500 in the bank.anybody believe he is that broke are idiots.he might not be balling.yes he might have financial prolems,trying 2 live a life that he cant afford like alot of people do.but he got more money then 1500.he hiding hi smoney so he wont have 2 give it 2 his money hungry gold digging baby mama
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Comment by Rome on October 6, 2012 at 6:51pm -
why people on here talking bout tony yayo lol this artictle got nothing to do with him. thisis50 members be d*** riding g unit lol
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Comment by Marvin Bernard on October 6, 2012 at 6:35pm -
He should ask Tony Yayo for a loan and contribute to GPG5!! Get that Gun Powder Guru when it drops!!
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Comment by C_Deezy89 on October 6, 2012 at 6:25pm -
Damn, thats what happens when bite the hands that feed you. He will never be a lil Wayne ppl will always remember him a "Lil Bow Wow" and thats dead! JD knew what was best for this dude, but he wanna play hard and start smoking weed and have kids. What grown a** man wants to blast Bow Wow in his whip? No one! This dude hittin rock bottom.
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Comment by Takyla (Tiki) Robinson on October 6, 2012 at 5:54pm -
She's a little doll and he has to pay something to help take care of her. Hopefully her mom will spend the money on the baby and start a bank account for her so she can be straight when she gets older but also do the right thing with it when she turns 18 and continue to make her money grow.
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