Child Support, Car Repossessions & More: Bow Wow’s Money Woes Continue

Apparently, the rumors about BET's newest rapper-turned-TV host are true. 25-year-old Bow Wow (real name Shad Moss) is having some serious financial issues and they're playing out in the media publicly. Thus far, we've learned that he stopped making payments on his tricked out Ferrari and a collection agency says that he owes $283K. And that's not it! Allegedly, last year, Bow Wow fell behind in a business bank loan (he took out a $300K loan) and had monthly payments of almost $5K. We hear that he fell behind in the loan and now the bank repossessed Bow's Lamborghini Murcielago and still owes the bank over $20K.

If that's not enough, earlier this month, Bow Wow was having some child support woes with his child's mother, Joie Chavis, over their one-year-old daughter. A court ordered him to pay $3K a month, but there's been some discrepencies on whether or not his salary at BET has been factored into the monthly amount. The real question is what's up with Bow's janky financial situation? TMZ reports that Bow Wow blames his management team, but is working to get his finances in order–for all parties involved.