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Kanye West Reportedly Took Out A HUGE Line Of Credit Ahead Of Buying Kim Kardashian's $4 Million Ring Stolen In The Heist!

Get the latest on Yeezy's money troubles!

Well, here's some interesting news.

Amid Kim Kardashian West's Paris robbery drama, it's being reported by DailyMail how Kanye West took out a $2 million home equity line from JP Morgan on his NYC apartment in July.

For those who don't know, this line of credit essentially works like a credit card, but must be paid off in FULL by a certain time (set by the lender). In this case, his records filed at the end of September reveal 'Ye has to pay the loan off by 2036.

Related: Kim's Stolen Diamond Cross Recovered!

The timing here is interesting because in case you don't remember, it was only in August the rapper surprised his reality TV star wife with a $4 million ring!

Reportedly, it's the same rock which was stolen in the now infamous heist which left Kimmy with $5.6 million less in jewelry…

Of course, that's not to say he used the money to pay for the ring! West also has $53 million debt he's previously tweeted about, which he may be making an effort to pay off.

Regardless, we can only hope the poppa of two is being responsible with his moolah!

[Image via WENN.]

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Ryan Lochte's Parents Lose Their House To Foreclosure! Get The Deets HERE!

ryan lochte parents are losing their home to foreclosuer

Oh no!!! What would Ryan Lochte do???

The Olympic simmer's parents, Steven and Ileana Lochte have apparently run into some hot water financially and are reportedly losing their home in Port Orange, Florida to foreclosure!

According to legal docs, Ryan's mom and pops took out a $258,000 loan way back in 2007, which required a monthly payment of

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Mary J. Blige Involved In Lawsuit For ALLEGEDLY Defaulting On $2.2 Million Loan

What the F?!?!

Mary J. Blige is involved in a rather expensive lawsuit from a defendant who claims Mary has defaulted on a loan and owes $2.2 Million dollars!

We totally said that amount of money with our pinkie in our mouth while laughing in an evil manner.

The complaint was filed today by a bank in Manhattan who wants the original amount of money back plus $58,000 in interest. They say

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NFL Star Makes $4 Million Mistake

Filed under: ZportzLegal MattersFootball


NFL star Bryant McKinnie was worried, as were most players, during the 2011 NFL lockout.

He was so worried that just before the lockout, he took out a $4 million loan.

He used Pro Player Funding who specialized in "lockout loans" for NFL players who were worried about their cash flow stopping during the lockout pay freeze.

These loans were very high risk, with

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Chinese Pandas Headed To Scotland

Filed under: ZooPanda

A pair of pandas are headed to Scotland.

The pandas, Sweetie and Sunshine, were put onto a specially charted flight, where they will receive first class style care during the journey.

They are on loan from China and will live in Scotland for 10 years, after which they, and any babies they have, will return home to China.

Check out the cuties in the above video.

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Katherine Jackson Settles Lawsuit With South Korean Newspaper For $6 Million!

katherine jackson settles with s korean newspaper

Well, it's better than $13 mil!

Waaaay back in June 2010, we learned that South Korean newspaper Segye Times filed a $13 million lawsuit against Katherine Jackson over a series of family concerts that never happened.

Now, the lawsuit has finally been settled, and MJ's estate has loaned Katherine $6 mil to pay the newspaper.

Unfortunately for Katherine,

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Sheen Borrowed $10 Million From WB!

Filed under: TV NewsEtc.Charlie Sheen

Sheen Borrowed 10 Mil

That's an insane amount of money to need to borrow when you're already getting a cool $2 million an episode, if you ask us, but hey, he probably had his innocent reasons!

Reports of Charlie's contract for his final season are coming in that there was a little ditty about the WB having to pay Charlie $10 million dollars within 10 days of him signing.

It was also set up that a certain amount ($769,230.77) was going to be deducted from his paycheck for the first 13 episodes to pay it back. And the interest? Take it out of the 14th.

The company got it's money back, no problem, but what we're wondering is why he needed it in the first place! Seems kinda shady to us when you're making a ton of money to begin with — he HAD to have been blowing his money pretty quickly!

Now we're REALLY curious!

[Image via Ramey Pix.]

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