Tori Spelling and Dean McDermott are being sued for nearly $200,000 after the couple failed to pay back a $400,000 bank loan, US Weekly reports.
According to legal papers filed on Monday, City National Bank is coming after the reality television stars for defaulting on a loan that they took out four years ago. “As of December 2, 2016, Defendants [Tori and Dean] owe Plaintiff [City National Bank] an unpaid principal balance in the amount of $185,714.05, plus interest in the amount of $2,407.92 and late charges in the amount of $681.41, for a total of $188,803.38,” the papers reveal. “These amounts remain due, owing and unpaid. Interest, attorney’s fees and costs continue to accrue.”
This lawsuit follows another legal battle filed by American Express in October, which alleged that Spelling failed to pay $87,594.55 in unpaid credit card bills.
The credit card lawsuit came around the same time that Spelling announced she was pregnant with her fifth child.
In her 2013 memoir, “Spelling It Like It Is”, the daughter of Aaron Spelling opened up about her financial troubles. “It’s no mystery why I have money problems,” she wrote. “I grew up rich beyond anyone’s wildest dreams. I never knew anything else. Even when I try to embrace a simpler lifestyle, I can’t seem to let go of my expensive tastes. Even when my tastes aren’t fancy, they’re still costly. I moved houses to simplify my life, but lost almost a million dollars along the way.”