BOW WOW Wow … Maybe he Really is BROKE

Gotta say … we were scoffing at Bow Wow this week when he told a child custody judge he was only pulling in $4,000 a month … and then announced just hours later he was becoming the host of 106 & Park … but we just found some documents that show creditors have been chasing him for 3 years over a car.

B.W. leased a 2005 Ferrari F430 back in 2008.  It didn’t take long for the rapper to fall behind, because in February, 2009, the leasing company sued him and got a judgment for $216,084 … oh, and 75 cents.