Israel Houghton Allegedly Denies Claims of Reportedly Skipping out on $40K Car Loan
Israel Houghton claims the bank misled him in response to claims he failed to pay up on a car loan. The gospel singer adds that he doesn't owe the institution a single cent.
Adrienne Bailon's husband, Israel Houghton was forced to clear his name after reports revealed a bank is after him for debt he owes. According to Bossip which obtained papers from the court, TD Auto Finance sued Houghton for breach of contract in April. The lawsuit stems from a loan the gospel singer took out to pay for a luxury vehicle he purchased from car dealer Eurocar.
HE'S ALLEGEDLY THOUSANDS IN DEBT
According to the legal documents, Houghton “failed to make monthly payment” for the last four years and now owes TD Bank a total of $40,317 plus $1,770 in interest. The bank reportedly sought Houghton to pay but was ignored. It intends to collect its money along with payment for legal fees.
He [Houghton] said he complied with his obligations and denied owing the bank. He also claimed the bank misled him.
HE CLAIMS HE'S NOT ACCOUNTABLE
In response to the allegations, Houghton defended himself via legal documents submitted on June 10. He said he complied with his obligations and denied owing the bank. He also claimed the bank misled him but he didn’t go into detail to explain. He absolved himself of guilt in relation to the bank’s alleged loss and blamed the institution for it. Israel adds the bank’s case is no longer admissible because it exceeds his statute of limitations.
Back in 2017, Deutsche bank threatened to foreclose Houghton and his ex-wife Meleasa Houghton’s home due to their failure to pay their monthly mortgage for several months
HE ESCAPED FORECLOSURE
This is not the first time Houghton has been embroiled in a financial mess. Back in 2017, Deutsche bank threatened to foreclose Houghton and his ex-wife Meleasa Houghton’s home due to their failure to pay their monthly mortgage for several months. In order to pay for their debt and absolve them from the lawsuit filed against them, the former spouses sold their home and handed over the proceeds of the sale to the bank to cover their debt.
HE HAS YET TO PRODUCE AN OFFSPRING WITH HIS CURRENT WIFE
Houghton was married to Meleasa from 1994 to 2015. Their divorce was finalized in 2016, just months before the reverend married Bailon. While Houghton shares two daughters and two sons with Meleasa, his marriage to Bailon has yet to produce an offspring.
Recent reports suggest Bailon is seriously planning a child with her husband and hopes to be pregnant in the summer. After failed attempts in the past, the couple is reportedly throwing all precautions and schedules out the window to prioritize conception.