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.