Eariler this year JD just barely avoided losing his Atlanta home to foreclosure and he’s also been battling a child support case over his 1 year old daughter.
[READ: No Money Mo Problems? Stripper Sues JD for Child Support… ]
Jermaine heads to court (yet again) this week to answer to a civil lawsuit filed by the company that financed his customized Lamborghini Murcielago Roadster.
Apparently, JD defaulted on his?$4,323 montly payment and the car was subsequently repossessed.
As you may know, luxury cars depreciate in value rather quickly, so although the finance company took back it’s collateral, JD still owes a ton of cash on his loan.
Details PLUS court docs below…
The lawsuit alleges that in 2006, Jermaine financed $330,000 through the company for his 2005 Lamborghini Murcielago, agreeing to make 58 monthly payments of $4,323.
Premier Financial Services repossessed his car and it was sold at auction for $115,000, a little over half of the balance due.? They’re suing Jermaine for the difference, $79,095.
As you know, Jermaine publicly dated Janet Jackson for years and even got her face tatted on his side. Many have speculated that Janet was financing JD’s every move, as it seems things began to go down hill for him shortly after the two parted ways.
The couple confirmed their break up back in 2009, coincidentally the same year JD “fell behind” on his Lambo payments AND the same year his stripper chick got pregnant with his daughter.
I’m not saying one has anything to do with the other though…