Bow Wow owes $280K on Ferrari lease

Oct. 6, 2012 at 12:36 PM

LOS ANGELES, Oct. 6 (UPI) -- Creditors are chasing U.S. rapper Bow Wow for more than $280,000 he owes on a 2008 lease for a Ferrari, TMZ reported.

The musician fell behind on the lease in February 2009 and the leasing company sued and won a judgment of $216,084.75. Bow Wow never paid the judgment, which -- with interest -- has grown to $283,785.13, TMZ said documents show.

Bow Wow -- who recently announced he will host 106 & Park on BET -- told a custody judge this week he had $1,500 in his bank account and makes $4,000 a month.

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