Although Nelly has not had an album go platinum since 2004, he has remained relevant on the music scene in recent years. He even had his single “Just A Dream” ranked in the top five on the charts just last year. However, it would seem that things have not been going so hot for the 37-year-old rapper as he is currently being slapped with a lawsuit from American Express over some $20,000-worth of unpaid credit card debts.
The suit was filed with a Missouri court back in October against Cornell Iral Haynes, Jr., which is Nelly`s given name.
Perhaps Nelly`s most widely-recognized hit is the song “Hot in Herre,” released in 2002 on his album “Nellyville,” which gave him his first number 1 hit on the United States Billboard Hot 100 singles chart.
AMEX is seeking payment for a $20,403.64 credit card debt which they claim has been unpaid by the rapper. The credit card company is also asking for an additional $3,000 to cover attorney`s fees. A hearing is scheduled in the courts for January 9.
A man going by the moniker of “Slim” and claiming to be the star`s ex-manager has been making public statements as to the condition of Nelly`s finances and other personal matters, claiming that the rapper is taking steroids, has sacrificed most of his earnings to a gambling problem and is about to lose his home as a result of mounting debts. Nelly denies all of Slim`s allegations. Additionally, his real manager denies the fact that Slim was ever in that role.
For anyone finding themself drowning in debt, experts advise contacting creditors immediately – especially before falling behind on any payments. Simply ignoring one`s bills could ultimately lead to a lawsuit, as it did in Nelly’s situation. Many credit card companies will work with struggling borrowers to establish a temporary hardship repayment plan until they are able to get on their feet.