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Bow Wow

Wow ... Maybe he Really is

BROKE

10/6/2012 5:00 AM PDT BY TMZ STAFF
EXCLUSIVE

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Gotta say ... we were scoffing at Bow Wow this week when he told a child custody judge he was only pulling in $4,000 a month ... and then announced just hours later he was becoming the host of 106 & Park ... but we just found some documents that show creditors have been chasing him for 3 years over a car.

B.W. leased a 2005 Ferrari F430 back in 2008.  It didn't take long for the rapper to fall behind, because in February, 2009, the leasing company sued him and got a judgment for $216,084 ... oh, and 75 cents.

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Since getting the judgment, the leasing company has been on the hunt for payment, using a collection agent to track down Bow Wow. 

Mr. Wow never paid, and now with interest the judgment has swelled to $283,785 ... oh, and 13 cents.

Bow Wow told the custody judge he only had $1,500 in his bank account and leases a jeep.  Wow, maybe Bow was telling the truth.

73 COMMENTS

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16.

Charity    

Last year he was worth 42 million. Where did it go?

684 days ago
17.

CJ    

This will be Chris Brown in 5 years.

684 days ago
18.

RoadRig    

classic case of a failed rapper wanna be. 99% of them tried to front too much, slept around and ended up broke. the 1% learned how to signed and exploited the 99% will be rich.

684 days ago
19.

Melissa lee    

Tmz so lately all u talk about is washed up rappers.

684 days ago
20.

Tessa    

Just another classless ghetto trash thug with money. I hope he loses it all because he has done NOTHING to deserve anything but jail.

683 days ago
21.

bagladey    

So where's the Ferrari? Did he sell it?

683 days ago
22.

Susan62509    

Problem solved. The Ferrari leasing company will have his paycheck garnished from 106 & Park.

683 days ago
23.

kola    

strangly when this child came into the world he was all over the sites posting pictures of her and now he claming he broke, just another man who don't want to care for his child. give up some of that 106& park money. you're not broke you living in a condo down in south beach, house in atl, drives an expensive car and several more cars take care of the baby. baby mom got you by the ass now, because whatever you make you need to tell them to write two checks for the next 18yrs, and then her college years. and to MDCCLXXVL YOU ARE RIGHT AND IF ROMNEY GET IN WE WILL SEE IT ALL JUST LIKE WHEN BUSH WAS IN THERE. GET OUT AND VOTE.

683 days ago
24.

JDoors    

Return the f'n Jeep and lease a Kia or something ya jackass. I won't blame him for throwing away his money, some artists are obsessed with the APPEARACE of having money and have no brains when it comes to actually HANDLING money (responsibly). But leasing a Jeep, which is not cheap, when you owe people money? Jackass.

683 days ago
25.

john    

All "rappers" on TMZ are broke ghetto loosers........DUH!

683 days ago
26.

Montana Max    

Well it sure is nice to hear what whites really think LOL Funny, because these are the same ones who say "I am not racist BUT...." and "I have black friends, one is my driver!" LMFAO Bow Wow has NEVER been considered "ghetto" let alone a thug of ANY kind lol He tries, but we see through that like a glass of Sprite....WP smh Always labeling that which they do not know nor understand =(

683 days ago
27.

ms. kesha    

MAYBE THATS JUST ONE ACCOUNT HE WAS TALKING ABOUT

683 days ago
28.

Kalvin    

it's funny how you start to see the cowards behind a computer get balls during their comments. Bow wow is not "ghetto." Why is it that everytime something like this comes up some of you use the word "ghetto?" I don't recall seeing ghetto when charlie sheen was smoking and beating on women, etc. I guess since he's a rapper that's what classifies him as ghetto?Frank Ocean raps also is that ghetto? Vanilla Ice raps, is he ghetto also? How about you go to an actual ghetto so you can learn what the word ghetto truly is and how and when to use it. This is not ghetto, it's just sad. There's a difference.

683 days ago
29.

Ena Esco    

and maybe he has off shore accounts

683 days ago
30.

ms. kesha    

maybe thats just one account!!

683 days ago
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