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Bank to Bow Wow

You Owe $25,000 for

Hassle Over Your Lambo

10/12/2012 4:30 AM PDT BY TMZ STAFF
EXCLUSIVE

1011_bow_wow_01
It costs roughly $25,000 to repossess and sell a rapper's Lamborghini -- at least according to a Georgia bank, which is now suing Bow Wow for money it spent flipping his ride. 

SunTrust Bank filed the lawsuit against Bow Wow -- real name Shad Moss -- claiming he took out a $300,165 business loan, agreeing to 84 monthly payments of $4,730.

According to bank records filed with the lawsuit, Bow Wow fell behind last year. The docs show the bank repossessed the rapper's Lamborghini Murcielago  -- and managed to get $161,000.

You'd think that would be the end of it -- but the bank tacked on more than $25,000 for "repossession expenses."

According to the lawsuit, Bow Wow still owes the bank $21,371 -- and the bank wants every penny.

TMZ broke the story ... Bow Wow is also being chased down by a collection agency over a $283,000 judgment against him, stemming from a Ferrari he stopped making payments on.

Sources close to Bow Wow tell us, the rapper attributes all his money issues to his crappy ex-management team. We're told he has since cleaned house and is now working to fix his financial mess.

35 COMMENTS

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16.

royalredus    

Oh my gosh, how did he get all those ugly black spots and marks on his hand and arm?? Did he get burned?? I can only see a tiny pic on my mobile device, but it looks painful!

552 days ago
17.

Leslie Wilson    

No, your financial issues come from you being weak enough to need to prove to everyone how successful you are when you aren't. News Flash: If you have to make payments on a Lambo, you can't afford it. Now go grow the F up Bow Wow and do something that makes some sense.

552 days ago
18.

laffnbear    

I can't under stand, what bank would loan a "rapper" that kind of money??

552 days ago
19.

TheOriginalDonald    

Bow Wow we want our money!

BYREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEN! :P

552 days ago
20.

your own luck    

What is wrong with Suntrust? Even though they are very good at making bad loans, any idiot could see this one was never going to make the grade.

552 days ago
21.

Buckaroobonzai    

Earth to Bow wow... You're an idiot who hasn't learned anything from your peers. You're spoiled and entitled and not that talented. You got to live that baller life for a time, but you don't have the talent to sustain it. Time to come down to Earth and put your kids first for a change.

552 days ago
22.

jackass    

why does it have to be a race thing people..we see other rich people off all colors get in the same trouble..

551 days ago
23.

Kev the Realist    

Just another flaming ghetto rat rapper who thinks he is sol cool that the laws don't apply to him. He is a repeat deadbeat. When will these losers realize the law applies to them as wll and he never should have pretended that he could afford those cars anyway. DIRTBAG. They used to lock up debtors who couldn't pay their bills. Its time to re-open debtors prisons... At least all the young loser rappers could be together- where they belong--- away from society.

551 days ago
24.

TalkingNow    

Wasn't this guy photo'd holding large amounts of cash just about a year or so ago?

551 days ago
25.

the Blinding    

I remember seeing Bow buying some diamond jewelry for his mother (who seemed really greedy and entitled) on VH1's "The Fabulous Life..." a few years ago. He should've invested better. I don't know why hip-hop stars always go for the fancy rides. Just buy one that will still be stylish 10 years later and save the rest. You're not going to be popular (was he ever?) forever.

551 days ago
26.

really    

i thought he paid the Lamborghini Murcielago with his black card...go to youtube and hear him talking about it when he was diss soulja boy..here the link http://www.youtube.com/watch?v=oQ3GseKDntw

549 days ago
27.

be real    

neanderthals get mad when they see rich black kids.. no matter what he spent it on he richer than you!!!!!!!!!!!!!!!!!!!!!!!!!

545 days ago
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