Mary J. Blige Suffers More Money Problems

Photo Credit: Sandra Alphonse
Photo Credit: Sandra Alphonse

By: Amanda Anderson-Niles

Mary J. Blige might be the Queen of Hip Hop Soul, but it hasn’t managed to make her immune to money problems. Ever since founding her charity, “The Family Affair,” Mary has been having quite a bit of financial issues and has even defaulted on loans. Now a new report from Reuters confirms that the singer has been accused of defaulting on another loan, and this time the loan is one from Bank of America. According to the bank, the singer allegedly took out a $500,000 loan and she has allegedly defaulted. The lawsuit filed by Bank of America claims Mary took the loan out in 2005 and stopped making payments in July of 2012.

After defaulting on the loan and no longer making payments, the bank suggests that Mary J. Blige owes $511,324 in principal and interest on the loan, and the bank is demanding to receive the owed total.

The new lawsuit comes just a few months after another suit that was filed against the singer last November. That suit was filed by Signature Bank and the singer is alleged to owe the bank $2.2 million on a defaulted loan. According to documents, the bank also claims that this loan was in both the singer and her husband’s name.

In 2012, Mary’s charity organization was accused of mishandling funds and cheating scholarship students, however, the singer claimed that she blames the organization’s legal troubles on terrible management decisions. She denies any intentional wrongdoing on her end.

Mary’s camp hasn’t spoken out on the additional pending lawsuit at the moment.

11 comments

  1. LOOK I DONT FEEL SORRY FOR HER AT ALL SHE TOOK THE MONEY FROM HER CHARITY TAKEN CARE OF HER MAN AND OTHER FRIVILUS MATERIAL ISH!. THIS IS THE REASON I DONT DEAL WITH BLACK FOLK AND THIER CHARITIES. BECAUSE ITS ONLY A FRONT FOR SOMETHIN ELSE ( MAINLY TO LINE THIER POCKETS IS ALL) BUT HER NO SINGING ASZ COMPUTER HELP VOICE GENERATER WILL BE ALRIGHT. I LIKE SOME OF HER MUSIC WITH THE COMPUTER HELP. BUT SHE STILL CANT SANG. UMM!! NEXT

Leave a comment

Your email address will not be published. Required fields are marked *

YOU MAY LIKE

Discover more from Urban Belle Magazine

Subscribe now to keep reading and get access to the full archive.

Continue reading