Citibank sues Ed McMahon for Credit Card Debt
We’ve told you before that Ed McMahon’s wife is rumored to have racked up a debt of $750,000 in credit card bills, and now Citibank has sued Ed for at least $179,687 in damages as well as attorney’s fees on debt incurred within the past four years.
Pamela McMahon claims she’s been reduced to shopping in the Target bargain bins. She might be spending the couple into the poor house.
Ed told Larry King:
"If you spend more money than you make, you know what happens."
What do you do with a spouse who is spending both of you into bankruptcy? Does anyone have some advice, or suggestions that could help Ed?
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Sad, but apparently someone wasn’t watching the cash flow like they should.
More money, more problems, right?
Although the McMahons are living in a $5+ million home, right? Okay, I don’t feel so sorry for them now …