Tori Spelling and Dean McDermott sued for non-repayment of $ 400,000 loan

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This time of year is all about the holiday cheer; when people are generally in a more forgiving mood than most other times of the year. Apparently banks don’t get carried away with the holiday spirit when it comes to money as a bank sues Tori spelling and Dean mcdermott for a large sum of money due to default on a loan.

City National Bank filed a lawsuit against the reality TV couple earlier this month for allegedly defaulting on a loan the couple took out four years ago. The bank is asking for almost $ 200,000 because the couple failed to repay a loan of $ 400,000.

The lawsuit states the following: “As of December 2, 2016, the defendants [Tori and Dean] duty to the applicant [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 fees in the amount of $ 681.41, for a total of 188,803 , $ 38. Interest, legal fees and costs continue to accumulate. “

(Michael Buckner / Getty Images)

Spelling, who is the daughter of 90210 producer Aaron Spelling, did not deny having money problems. In his 2013 memoirs, Spell it as it is, Spelling states the following: “It’s no mystery why I have money problems… I grew up rich beyond anyone’s wildest dreams. I never knew anything else. Even when I try to adopt a simpler lifestyle, I fail to meet my dear tastes. Even when my tastes aren’t fancy, they’re still expensive. I moved to make my life easier, but lost almost a million dollars along the way. “

Spelling and McDermott are no strangers to being sued for unpaid bills. The couple were sued in October by American Express for non-payment of $ 87,594.55 on a credit card bill, in addition to $ 855 in legal costs.

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