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Tori Spelling & Dean McDermott Slammed with $400K Debt Over 10-Year-Old Loan!

Tori Spelling and her estranged husband Dean McDermott have yet to settle a loan of over $400,000 from more than ten years ago. The debt has grown significantly, according to a recent legal document filed in Los Angeles and obtained by Page Six.

The original loan was for $220,088.37, but accruing interest and additional fees have pushed the total owed to nearly $396,000.

Tori Spelling
Tori Spelling and Dean McDermott have an outstanding loan that’s now close to $400,000.

The debt originated from a $400,000 loan from City National Bank in 2012, which they agreed to repay with interest. The bank first filed suit in December 2016, claiming a remaining balance of $188,803.38. Despite follow-ups, the couple refused to pay, resulting in a default judgment in 2019 that held Spelling responsible for $219,796.66 and McDermott for $202,066.10.

The latest legal filing only mentions Spelling as defendant, leaving her current debt status clear, though McDermott’s role isn’t specified.

Dean McDermott
City National Bank initially filed suit in 2016, claiming a balance of $188,803.38.

Reps for both Spelling and City National Bank’s attorneys have not responded to inquiries. The pair separated in June 2023 after 17 years of marriage and share five children. Dean McDermott also has a son from a previous relationship.

Following their split, Tori and her children faced living in a motel for weeks due to their home being infested with mold and later moved through various rentals. In late 2023, the California Franchise Tax Board placed liens on her property over unpaid taxes, nearing $100,000.

During her “misSPELLING” podcast in August 2024, Tori joked she might resort to OnlyFans to fund her children’s college tuition, highlighting her ongoing financial struggles.