Entertainment · Celebrity · 2 hrs ago
Kevin Federline sued over at least $117,704 in bank debt
City National Bank is suing Kevin Federline over at least $117,704 in debt tied to a credit card, a line of credit and an overdraft facility.
The lawsuit says Federline signed the credit agreement in November 2024, around the time his child support payments from Britney Spears ended.
The former couple have two sons, and Federline received support until both were 18 and out of high school.
He said in his memoir that the money went toward security and maintaining the standard of living their sons had with Spears.
The bank is also seeking unpaid interest, with rates listed in the lawsuit ranging from 7.5% to 20.5%.
Federline's lawyer had not immediately responded to a request for comment, and the lawsuit's outcome is not stated.
Kevin Federline is facing a lawsuit over at least $117,704 owed to City National Bank.
The debt spans a credit card, a personal line of credit and an overdraft line.
Federline signed the bank agreement in late November 2024, around the time his final child support payment from Britney Spears arrived.
The bank is also seeking unpaid interest, at rates ranging from 7.5% to 20.5%.
- Who
- Kevin Federline is being sued by City National Bank.
- What
- The bank is seeking at least $117,704 in debt, plus unpaid accrued interest.
- When
- The agreement was signed in late November 2024. The lawsuit’s filing date is not stated.
- Where
- Not stated
- Why
- The bank is seeking repayment of debts on a credit card, a personal line of credit and an overdraft line.
This story does not have two clearly opposing sides.
Federline signed an agreement with City National Bank.
Federline’s personal overdraft line was due.
Federline’s personal line of credit was due.
Federline’s credit card debt was due.
- Total debt
- At least $117,704
- Creditor
- City National Bank
- Debt types
- Credit card, personal line of credit and overdraft line
- Credit card interest rate
- 20.5%
- Line of credit interest rate
- 7.5%
- Overdraft line interest rate
- 18%
What people are saying
The money was gone almost as soon as it came in,
easily ran well over $40,000 a month.