Israel Houghton – Denies Bank’s Claim That He Skipped Out On $40K Loan For Luxury Car (Exclusive)

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The Celebrity Religious Leader & Gospel Musician Denies Owing Five Figures For Car Loan

The Rev. Israel Houghton has denied his former bank’s allegations that he stopped paying down a more than $40,000 debt for a vehicle.

TD Auto Finance sued Houghton back in April for breach of contract and unjust enrichment, alleging that he signed a contract with luxury car dealer Eurocar for a vehicle and used a loan from the financing company to complete the sale. But TD Bank said Houghton has stopped making payments and now owed it a total of $40,317 plus $1,770 in interest, according to the court papers, which were obtained by BOSSIP.

“Within four years last past (sic), defendant failed to make monthly payment then due and owing,” TD Bank’s complaint, which was obtained by BOSSIP, says. “Defendant has failed to make any further payments pursuant to the agreement.”

The bank said it has asked for payment from Houghton, but he’s ignored its demands.

But on June 10, the gospel artist and husband of “The Real” talk show co-host Adrienne Bailon fired back, saying he abided by the terms of their deal and didn’t owe the bank a dime. He claimed TD Auto Finance misled him, although he didn’t say how. Houghton also said that any loss that the bank suffered wasn’t his fault, and the bank’s case was barred by the statute of limitations, according to Houghton’s court papers.

TD Auto Finance wants its money back along with money for lawyers fees.

No trial date has been set in the case.