Bow Wow Owes $284K For Car Lease Judgment

10/08/2012
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(TMZ) 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.

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.

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. more on this story

TMZ submitted this story.
Copyright TMZ - Excerpted here with permission.

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