Mary J. Blige Pays 200K Off Bank Debt, But Have You Ever Seen Mary J Blige In a Bikini?? We Got Some Pics!! lol — Video Inside —– It pays to be broke ass broke if you’re Mary J. Blige’s foundation — a bank just agreed to slash the group’s debt by nearly $200,000 … TMZ has learned.
According to legal docs, TD Bank reached a settlement with Mary J.’s charitable group … agreeing to let it pay a mere $125k — which might not sound like a great deal, until you realize the total tab was a whopping $322,000!
As TMZ first reported … the Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now was sued last year when it defaulted on a $250k loan. The charity even blamed the bank … claiming it should’ve know the group’s finances were in shambles.
According to the settlement, the group will pay back $15,000 immediately — and then make 12 easy payments of $9,166. We’re guessing TD Bank agreed to the deep discount because … some money is better than none at all.
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