Marcus Jordan Settles With American Express After Racking Up $157K In Debt

BYAlexander ColePublished on November 14, 20235.7K Views

NEW YORK, NEW YORK - SEPTEMBER 08: Marcus Jordan attends 2022 Rookie USA Fashion Show at 608 Fifth Avenue on September 08, 2022 in New York City. (Photo by Slaven Vlasic/Getty Images for Rookie USA)

Marcus Jordan has caught a break.

Marcus Jordan has been in the spotlight quite a bit as of late. Overall, this is all thanks to his relationship with Larsa Pippen. There is a lot of drama at play here thanks to who Pippen is. Of course, she is the ex-wife of Scottie Pippen. Pippen played for the Chicago Bulls with Michael Jordan, who is Marcus' father. Furthermore, there is a 17-year age gap between Jordan and Pippen which creates even more uncomfortability. Regardless, their relationship seems to be doing just fine.

On top of this relationship, it appears as though Jordan has been dealing with a financial issue behind the scenes. This issue involves American Express and a hefty amount of credit card debt. According to Radar Online, Jordan owed a whopping $157K. As the story goes, Jordan got a Platinum Card back in 2016 for his sneaker store, Trophy Room. While he did pay off the card to start, there came a point where he just stopped making payments which subsequently led to the large debt.

Marcus Jordan Finds A Solution

As a result of the debt, American Express decided to launch a lawsuit against Jordan. However, it seems like things have gone Marcus' way. Radar Online reports that both sides have settled the debt. Moving forward, Jordan will have to make $10K payments until the debt is wiped out entirely. That means he will need to make about 16 payments in order for his debt to be taken out. It is a hard situation, albeit one that could certainly have been avoided.

In terms of his relationship with Larsa Pippen, things seem to be going much more smoothly. Only time will tell whether or not that will remain the case. Let us know what you think of Jordan and his relationship, in the comments section below. Additionally, stay tuned to HNHH for more news and updates from around the sports world.

About The Author

Alexander Cole

Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.