A bank just agreed to slash Mary J. Blige's foundation's debt by nearly $200,000 TMZ has reported.
According to legal docs, TD Bank reached a settlement with Mary J.'s charitable group agreeing to let it pay a mere $125k from a total tab which was a whopping $322,000!
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 payments of $9,166.
TD Bank probably agreed to the deep discount because some money is better than none at all.
- TMZ
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