Former Vikings All-Pro running back Adrian Peterson has defaulted on a $2.4 million loan, according to a lawsuit filed in Hennepin County Court on Tuesday.
Lawsuit: Adrian Peterson owes $600,000 on defaulted loan
Former Viking still owes $600,000, says Crown Bank
October 11, 2017 at 1:45AM
Minneapolis-based Crown Bank says Peterson took out the loan in May 2016, but defaulted in October that year. The lawsuit does not specify the purpose of the loan.
The bank said in its lawsuit that Peterson entered into a forbearance agreement that month where he agreed to pay back the $2.4 million by December 2016. But by that time he had only paid back $1.2 million. Peterson formerly lived in Eden Prairie, but since moved to Houston, Texas.
Peterson asked the bank for more time, and paid down the loan so that he owed $594,000. But in its lawsuit, the bank said Peterson "failed to comply with Crown Bank's demands." Crown Bank is now seeking the money Peterson still owes plus interest, totaling about $602,726.
Peterson played with the Vikings from 2007 to 2016, becoming the team's all-time leader in rushing yards. He signed with the New Orleans Saints in the offseason, then was traded Tuesday to the Arizona Cardinals.
In November 2015, Peterson pleaded no contest to a child injury charge after he was accused of abusing his son.
Neither the attorney for Crown Bank or Peterson's attorney, California-based Scott Zolke, have responded to requests for comment.
Brandon Stahl • 612-673-4626
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