November 11, 2013

Even Mary J. Blige Uses Debt Settlement!

R&B singer Mary J. Blige just settled a large business debt with TD Bank. The original amount of the loan was $250 thousand dollars, but ballooned to $322 thousand with interest and late fees.

She settled this $322K debt with the bank for $125 thousand dollars and payable over a term of 13 months. How did she do this?  She probably had a qualified debt settlement attorney.  A qualified debt settlement attorney can negotiate for a large reduction in the principal balance owed on a debt. In Mary J. Blige’s case she only will pay back 38% of the current balance owed! If you are having trouble repaying a business debt, contact a qualified debt settlement attorney.