Rumors about Nick Cannon struggling to pay off the engagement ring he bought for Mariah Carey have been all over the place, but Nick is setting the record straight, in his own stuck up way. The story is that Nick is being sued for $500,000 by the jewelry store where he bought the ring after failing to make payments on it, but he said that's "ridiculous" because the ring cost way more than that.
3 words: What. A. Douche.
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