From SFChronicle
MC Hammer is once again facing financial trouble after allegedly failing to pay off a Land Rover he bought in 2023.
JPMorgan Chase Bank is suing the Oakland-born rapper, claiming he still owes $76,732.79 on a $114,376.90 loan he took out to purchase the vehicle.
According to the complaint, filed on July 31 in San Joaquin County Superior Court, Hammer agreed to 60 monthly payments of $2,433.97 beginning in May 2023. But the “2 Legit 2 Quit” hitmaker, whose real name is Stanley Kirk Burrell, stopped making regular installments in May 2024. He reportedly last paid the bill on July 14.
Though the bank said it has “demanded possession” of the vehicle, the complaint claims the “Defendants have not surrendered” the car.
MC Hammer, as he is legally referred to in the court documents, and U Cant Touch This LLC are listed as defendants.
9 comments:
If you need car payments for more than three years then you can’t afford that car. Leave the car on the lot. Cars are not assets, they are liabilities.
Time to get a Hyundai. I have Kona and love it. He should test drive one.
^ comments are correct. Folks still want to live like it was when they had it like that. Hammer get a Vegas residency. Get your bag up. LOLO
11:15 that is a 💸💲 idea. He is a great performer.
I thought he had investments in twitter or tik Tok?in
*Off to Google
@4:10am-EVERYTHING you said!
I know Hammer ain’t down that bad… it’s gotta be more to this story.
No financial literacy.
Hammer is a legend . Donate the car mane
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