A Little Less Drama: Mary J. Blige And Steve Stoute Foundation Pays Off $200,000 Of Bank Debt, Still Has Over $100,000 Left
(AllHipHop News) Mary J Blige and Steve Stoute can almost see the light at the end of her debt tunnel. According to TMZ, The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now, Inc. has paid off $200,000 of their $322,000 bank debt with TD Bank.
The foundation was sued last year after defaulting on a $250,000 loan and according to TMZ, asserted that the bank should have been aware of the foundation's financial troubles. The foundation took the loan out in June of 2011 and promised to pay back the money in six months. However, had only paid back a reported $368.33 by February of 2013, 14 months after they promised to pay the money back.
This is not the only debt that looms over Mary J Blige's head. The legendary R&B singer was sued by Bank of America earlier this year for defaulting on a $500,000 loan and by Signature Bank for allegedly defaulting on a $2.2 million loan with her husband Martin Issacs last November.