HOW MUCH MONEY DOES LAMAR ODOM MAKE A YEAR

HOW MUCH MONEY DOES LAMAR ODOM MAKE A YEAR

Former NBA Star Lamar Odom Sued for Failing to Pay His AMEX Bill

Former NBA star Lamar Odom has been hit with a lawsuit from American Express claiming he owes more than $60,000 on his AMEX bill. According to court documents obtained by TMZ Sports, Odom has failed to pay off his statement balance and any minimum payments since December 2019.

American Express said in the lawsuit that they tried to contact Odom numerous times but were unsuccessful. The credit card company is seeking “judicial foreclosure” on Odom, who currently has $60,000 in unpaid balances and late fees.

Lamar Odom’s Financial Troubles

This isn’t the first time Odom has had financial problems. His spending spiraled in the years leading up to his eventual divorce from reality star Khloe Kardashian after five months of marriage. Reports allege that Odom spent “hundreds of thousands of dollars on cars, jewelry, holidays and more” during his short time with Kardashian, who was held responsible for the vast majority of their debt.

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Since then, Odom has reportedly been having difficulty officially severing all financial ties with his ex-wife. Until the pair reconciles, Odom has reportedly been unable to move forward with his debt, which could explain the lawsuit from American Express.

Odom to Face Consequences if Found Liable

If Odom is found liable by the court, he could face up to half of what he owes American Express in debt collection costs and a 100 percent penalty. Odom has yet to respond to the lawsuit and if he does not, a default ruling will be issued, meaning he will be found liable for the entire amount.

It is unlikely that Odom will be able to fully resolve this latest legal situation with American Express. He is still dealing with the aftermath of his financially tumultuous relationship with Kardashian and it is unclear what the future holds for him.

FAQs

Can Lamar Odom pay off his AMEX bill?

Currently, it is uncertain if Odom can pay off his AMEX bill due to the circumstances leading up to this situation. If a default ruling is issued, Odom will be found liable for the entire amount.

What is the current status of the lawsuit?

The lawsuit has yet to be resolved and Odom has yet to respond to the accusations. A default ruling will be issued if Odom does not respond, meaning he will be found liable for the entire amount.

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