Snoop Dogg has offered to settle Power star Rotimi's $300,000 debt to 50 Cent, left, after the rapper demanded his money in posts on social media.
Posts Tagged: loan default
Unsealed court documents reveal actor Will Smith, right, was concerned that loaning actor Duane Martin $1.4 million would cause a public relations nightmare for himself and his wife, Jada Pinkett Smith.
Will, 50, and Duane, 53, have been close friends for over 2 decades. But when Duane asked his longtime friend for a $1.4 million loan to save his home, Will hesitated to loan his friend the cash. The money wasn't the issue - Will could certainly afford the loan.
Damon "Dame" Dash once loaned Lee Daniels $2 million which he never repaid. Dash is not happy with the famed "Precious" director for defaulting on the loan. So he put Daniels on blast for all the world to see.
Jordan Brown, the troubled pastor who claimed a Whole Foods bakery sold him a cake with a gay slur written on it was sued for unpaid student loans a few weeks ago.
KXAN obtained a copy of the lawsuit from the Travis County Clerk’s Office accusing Brown of defaulting on a $27,000 student loan.
Music mogul Sean Combs is not to blame for ex-girlfriend Misa Hylton-Brim's home going into foreclosure.
According to gossip website TMZ.com, legal documents show Combs and Brim, the mother of Combs' eldest son Justin (pictured above with Misa), took out a $712,000 mortgage on a home in Winchester, NY in 2003 for her and her son to live in while her son attended a posh private school for boys.
But according to the bank, the mortgage payments stopped in 2010, leaving Hylton-Brim and Combs on the hook for $622,518 in defaulted loan payments.
Last year the timepiece of choice for the hip hop set was Audemars Piguet (because rappers like Jay Z favor the brand). This year, the timepiece of choice seems to be the legendary Rolex. So much so that jewelers can't keep the pricey watches in stock.
Rapper Rick Ross has always had a taste for finer things since the days when he punched a clock as a corrections officer in Florida. But a jeweler is suing Ross for absconding with about $90,000 worth of Rolexes that he didn't pay for. Read on.
Vanessa Williams, executive director of the National Conference of Black Mayors, owes over $126,000 in defaulted loans and attorney's fees to 2 top executives of rapper T.I.'s Grand Hustle Records.
Court records obtained by FOX 5 senior I-Team reporter Dale Russell shows that the National Conference of Black Mayors leaves a trail of unpaid bills around the country. The black mayor's group, with over 580 mayors, owes almost $1 million in unpaid bills, liens and court judgments against them.
The annual mayor's conference will be held in Atlanta next week, but as Dale Russell has learned, the head of the convention is leaving a trail of unpaid loans, liens and judgments herself.
Back in February, media outlets reported the death of long forgotten rapper Tim Dog who reportedly died of seizures related to diabetes in Atlanta on Valentine's Day.
But a Mississippi prosecutor haas issued a warrant for the rapper's arrest after a woman conducted her own investigation into Dog's suspicious death.
The woman, Ester Pilgrim, uncovered information that indicates Dog, real name Timothy Blair, is a con man who may have faked his own death to avoid paying back $2 million in loans.
Back in February, media outlets reported the death of long forgotten rapper Tim Dog who reportedly died of diabetes complications. But a Mississippi woman has stepped forward to say she doesn't believe Dog is really dead, and that he may have faked his own death to avoid paying back $2 million in loans.
The woman, who spoke anonymously to WREG, said Dog is a con man who may have pulled off his biggest con yet.
Add Mary J Blige's name to the long list of celebrities who blame their management for mismanaging their money. The aging R&B star is being sued by TD bank for a $250,000 loan that Mary and her foundation has neglected to pay back.
Blige's Foundation for the Advancement of Women Now (FFAWN) took out the loan back in June 2011. So far the foundation has paid back a mere $368.33, less than seven percent of the total loan.
The bank filed the suit this month to recoup the $250,000, plus late fees and costs.
It sounds like Mary used the foundation to take out a personal loan to pay her rumored mounting debts, and now she can't afford to pay the loan back. She needs a hit record.