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Monday, December 22, 2014

Stephon Marbury reportedly being sued for not making payments on his Land Rover

Stephon MarburyStephon Marbury has been on a mission to destroy his credit score for several years now. He seems to be doing a tremendous job of it.  His latest achievement involves allegedly failing to make payments on a $96,000 vehicle.

According to TMZ, Marbury is being sued by a car dealership over missed payments on a Land Rover he purchased back in 2007. He reportedly agreed to a six-year loan on the vehicle with an incredibly high interest rate of 11.5%. Creditors are claiming Marbury stopped making payments on the car in 2012 and still owes $35,000.

We don’t understand how someone who made roughly $90 million during their NBA career could agree to a car loan with an 11.5% interest rate, but Marbury doesn’t have the best history when it comes to financial matters. Back in September, a report surfaced indicating his New York City condo was being foreclosed on. He allegedly owed roughly $844,000 on it at the time.

In 2010, Marbury stopped paying his ex-mistress the hush money they settled upon to cover up their affair. That was roughly the same time he supposedly stopped making payments on his condo. What’s another Land Rover in the grand scheme of things?

H/T SI Hot Clicks



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