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Vince Young Owes A LOT Of Money!
Vince Young better break out the check book, because the NFL star owes $1.69 million after not paying back a high risk, high interest lockout loan from back when he was on the Titans!
During the middle of the NFL lockout, he took out a loan for $1.876,876.88 — one that was extremely high risk. It had high interest rates and clauses that let them call in the entire amount due with interest if just one payment was missed!
He did it using a company that deal with "lockout loans," which help NFL player cover their ridiculous bills while they aren't playing.
Right when Young signed with the Buffalo Bills, he missed a payment.
So the company went for the throat, demanding almost all of the salary for the 1-year deal worth $1.9 mil Young had just made!
Bummer!
No responses from Young's camp yet, so we'll be hearing from them sometime in the future.
[Image via AP Images.]
Tags: break, company, cover, extreme, hearing, lockout, nfl, ridiculous, star, vince young
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