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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

No Avatar
1.

Jordan    

All the kid is doing is hiding money now the only question is where is it Cayman swiss banks?

563 days ago
2.

NOT ELMO    

if he doesn't pay then lock him up with Wesley Snipes....

563 days ago
3.

Phishie from Philly    

Bow Wow, you got to be the dumbest mother fricker. You blew all the money you made.
..

563 days ago
4.

Phishie from Philly    

Did he give the Ferrari back?
..

563 days ago
5.

lbs    

Sad how $ was suppose to change your lives for the better & now they might succeed in making you look like a "DeadBeatDad"...

563 days ago
6.

Sam    

Who?

563 days ago
7.

Spicy mag    

How would this kid make money? Does he have any hit songs?

563 days ago
8.

laffnbear    

Would not return leased auto ........Can you say "stolen?"

563 days ago
9.

corp    

I don't get it, according to wikipedia "The MSRP for a Ferrari F430 was $186,925 to $217,310 in the United States." (source: http://en.wikipedia.org/wiki/Ferrari_F430)

563 days ago
10.

wow ew    

Maybe he'd save more money if he didn't go eat at goddamn Mastro's. That place is expensive. People need to stop spending money like it's going out of style.

563 days ago
11.

King of TMZ    

He does club appearances here n there so he must got some cash!

563 days ago
12.

buckwheat    

A fool and is momey....

563 days ago
13.

Buckaroobonzai    

thats what you get when you're bff's with people like chris brown.

563 days ago
14.

Kev the Realist    

Just another uneducated rapper with no talenst who think that they are truly talented and that they will make millions. These kids are mostly delusional and when they spend like they bel;ieve that, thats when they get in tourble. Couple that with low intelligence and teh fact that most of them think the law does not apply to them and you have a recipe for violence and stupidity. Maybe if the courts stop pandering these low life ghetto rats and started locking them up for violating the law, like defaulting on car payments ( normal folks would be in jail, until they turned the car over to the loan company). No money but he can still father children and skip out on support payments....

563 days ago
15.

Danielle123    

That what happens when instead of saving your money, you waste it all on strippers liquor and groupies. I don't feel sorry for him. He was a child actor, and had a rap career. He had money and blew it all away and now he has nothing. Sucks to suck.

563 days ago
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