WOW! MICHAEL VICK OWES 4.3 MILLION DOLLARS TO 2 FINANCIAL INSTITUTIONS!!!
The bad news continues for Michael Vick as two banks have filed lawsuits against the suspended NFL star over his failure to repay loans totaling $4.3 million.

According to the Associated Press, South Bend-based 1st Source Bank, is suing Vick and his Atlanta-based company, Divine Seven LLC, for $2 million. The bank says Divine Seven took out the loan in January to purchase a fleet of vehicles – Kia Optimas and Spectras, Ford Tauruses, and others — for an Atlanta-based car rental agency.

Vick, who is listed in court documents as the chief financial officer of the company, also signed a guarantee of payment for Divine Seven – which means he agreed to pay 1st Source Bank the money owed by the company.

Last month, the bank says it sent Vick and Divine Seven a written demand for payment, but both have "failed and refused to pay," according to court documents.

Last week, the Royal Bank of Canada filed a lawsuit against Vick for $2.3 million for defaulting on loans he took out to invest in real estate. The bank said that because Vick had been suspended by the NFL, it affected his ability to repay the loan.

The lawsuits come as Vick faces new criminal charges related to dogfighting after he was indicted in Surry County, Va. late last month.

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