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By Damilola Faustino

American Express has settled its lawsuit with Tyrese Gibson after agreeing to come up with a payment plan.

tyrese gibson's house

The credit card company filed papers last week saying they agreed to settle the case after coming to a deal that has the “Fast and Furious” star making “installment payments. The exact terms of the settlement were not disclosed.

American Express sued Tyrese in May claiming he owed more than $61,000.

According to reports, Tyrese was in financial straits as of last November.

He was living outside of his means and turned to social media to issue a teary video saying he needed financial help amid his custody battle with ex-wife Norma Gibson over his daughter Shayla.

Read also: Tyrese Gibson Regrets Making Feud With The Rock Public

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