Nicolas Cage Sued For $2 Million On Defaulted Loan

October 9, 2009

US (ChattahBox) – A bank is allegedly suing Nicolas Cage for missing several payments on a $2 million dollar loan he took out earlier two years ago.

According to TMZ, Cage took out the line of credit from East West Bank in August of 2007.

He agreed to pay $11,590 per month until the amount is paid, and for awhile he kept up on his payments.

But he has missed payments from May until September, and has made no attempt to pay the past due amount.

They are planning on taking him to court if the full amount is not paid immediately.

Those of us who have been taken to court for unpaid bills in the past known what happens next…that $2 million will go to some ridiculous amount, like $10 million for unexplained fees and losses.

Good luck, Cage.

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