Friday, February 08, 2013

Mary J. Blige Defaults on Another Loan


Back in November Mary J. Blige was sued by Signature Bank for defaulting on a $2 million bank loan [click here if you missed that].

Now Mary is being sued by Bank of America...

From NY Post
R&B diva Mary J. Blige is singing the money blues after she allegedly defaulted on a $500,000 Bank of America loan, according to a new lawsuit.
The 41-year-old Blige — whose album sales have topped 50 million — took out the loan in 2005 and made payments through June 2011, when she abruptly stopped, the Manhattan Supreme Court suit claims.
The soulful singer now owes more than $511,000, which includes a $497,000 unpaid principal plus interest, court papers charge.
The Bronx-born recording queen has reportedly defaulted on sizable loans in the past.
Reps for Blige did not return phone calls.

35 comments:

My hair is just layed said...

Damn Mary

Tippie Toes said...

Fuk Bank of America they are thieves Don't pay em Mary!

Anonymous said...

she made pmts for 6 yrs and only $3000 principal was paid? WTH? What kind of interest rate did they hit her over the head with???

Anonymous said...

yes that bank seems like a bunch of thugs and gangsters

Anonymous said...

I blame her husband.

TruthBeTold said...

It thought these people had money!

Where is all the BK Crispy Chicken money?

Fresh lettuce...3 cheeses...

Anonymous said...

CHICKEN IS GOOD! CHICKEN....IS...GOOD!

Put some hot sauce on it. get some butter rolls and eat it baby! LAWD THAT CHICKEN IS GOOD!

Anonymous said...

Why is a alleged multi-millionaire taking out a loan for half a million dollars? And, BoA must have seen her coming with that kind of rate...SMH...

Anonymous said...

Seems everybody is missing the point. Mary been out since 92 EVERYTHING she does sells n well at that. Why did she have to take out a loan. Esp for 500 thousand! Something is very wrong.

Anonymous said...

TruthBeTold said...

It thought these people had money!

Where is all the BK Crispy Chicken money?

Fresh lettuce...3 cheeses...
10:48 AM

It was wrapped in a Flour tortilla. Someone must have eaten it.

Anonymous said...

10:59 What is your theory then?

Anonymous said...

When the checks stop coming.

Anonymous said...

Just goes to show that some celebrities aren't as rich as they would like for us to believe.

Anonymous said...

ring the alarm 11:26 it's all smoke & mirrors

Anonymous said...

11:21 i dont really have a theory but that seems very weird to me. It could be a serious mismanagement of finances, like maybe she is not on top of those who have been handling her money. Or maybe someone else (i.e. andre harell) is making more money off her than she is....or both. But a vet like mary, all her success, n selling out at whatever she does, shouldn't need a loan for 500 k at all. Hell she coulda borrowed that from diddy

JuJu Dupree said...

Damn, Mary J. Blige is as bad as some former college students when it comes to paying loans. The upswing is that she is worth, or is said to be worth, millions and really have no excuse whereas former college kids can say they haven't jobs so they can't. Moreover, something is really wrong with her financial situation if she had taken the loan out several years ago and still paying on it prior to abruptly stopping over a year ago. This bill is supposed to have been paid off within months of having taken it out but I digress since she is far from Elton John (who does the same thing but yet pays his bill off). Just saying.

Anonymous said...

@10:40 AM You gonna f..k around and get Mary locked up She better pay that bill lol lol.

Anonymous said...

No whats hurting her is the whack ass albums she's put out the last few years! Mary is still a popular artist, but with her rage, she needs to really make a good album this time around, cuz I don't know of any endorsement deals she's had as of late, but Mary needs to bring it her next cd, she needs to have a world tour, and she really needs to pay her fucking bills!

Anonymous said...

@11:53 Agreed! Every album since No More Drama has been trash.

Anonymous said...

I don't know a damn thing about Mary's finances and won't claim to know anything, but I agree with 10:41. People finance instead of paying cash for all different reasons. But shit I may have taken that L my damn self after 6 years of payments and barely touching the principal. But most know that with a mortgage, you don't see progress for at least the 1st 5 years.

TRACY SAID...PRAISE THE LORD! said...

What's The 411?.... Just a little humor- on a serious note. Mary, keep your head up, and stay strong. Nobody's perfect, we all make mistakes. What's important is do, we learn from our mistakes and try not to repeat them. Everyday we make choices in our lives, and every choice we make has consequences down the road. Walk by faith not by sight, and everything will be all right.

Matthew 21:22 King James Version (KJV) And all things, whatsoever ye shall ask in prayer, believing, ye shall receive.

2 Corinthians 5:7 King James Version (KJV) (For we walk by faith, not by sight:).
****
Proverbs 22:7 King James Version (KJV) The rich ruleth over the poor, and the borrower is servant to the lender.
*
God Bless.

Anonymous said...

Why is anyone surprised? We all know this woman is not very intelligents.

Anonymous said...

I'm looking forward to seeing her in concert in March. Mary is one female singer who can really sing. These banks are in trouble now for lying to people and jacking up rates so they have lost in court and have to repay borrowers. So work through this.

Anonymous said...

Fuk Bank of America they are thieves Don't pay em Mary!
10:40 AM

^^^^^THIS!!!!!!!!!!!!!!!!!!!!!!!!!

Anonymous said...

Mary is street smart, not the sharpest tool. But she has been in the business long enough to be more savvy than this. She does Carol's Daughter, BK, tours. She generates income. Mary this is not the hood and you can't handle your finances like that. Stay on top of them

Anonymous said...

She better start taking some JHud's gigs singing at superbowls and tributes.No one buys JHud's shit but that heffa stays on tv.

Anonymous said...

FUCK BANK OF AMERICA GOLDMAN SACHS WELLS FARGO AND THE REST OF THESE EVIL ASS BANKING CORPORATIONS THAT IS DESTROYING THIS COUNTRY!!!!!!!!!

Anonymous said...

WHEN is this broke bitches' husband gonna get a job!

Anonymous said...

She needs to get touring. She still has earning potential, just gotta put the work in, that's all.

Anonymous said...

^^^yea she does need to tour- i missed her and brandy last time they was in dallas ( together) found out @ the last minute. I was sic. Talk about TRUE R&B

Anonymous said...

Soon as she got with SHADY Kendu...MJB...shameful!

Anonymous said...

Of course she will blame her husband

Anonymous said...

The loans were taken out by her TRUST not by Mary herself. For many reasons people with millions of dollars take out loans. You keep much more of your money from Uncle Sam when you can deduct the interest paid on loans. It is better to go in debt to a bank than let the greedy ass government take your money so they can spend it on baby-killing drones, welfare mothers and white hill billies faking disability.

Second, I doubt Mary is personally handling these loans. She has had a business manager for close to two decades. Her business manager is responsible for paying her bills including payments on loans. My guess is there is a reason she is defaulting and it isn't because she doesn't have the money to pay. Remember most loans are repackaged and SOLD off to other entities thus affecting the interest rates and repayment terms.

I am not defending Mary because she isn't exactly the brightest bulb in the box and I can see her getting duped by lots of people. Puffy shitted on her for years. She said she didn't really start making real money until her No More Drama era. Anyway, Kendu has probably also taken out tons of loans in her name and promised generous returns on investments. He has no job and no money.

She is always getting put on blast, I feel sorry for her. She needs to probably just clean house and manage her own money for a few years. She also needs to stop funding a grown ass man with children that are not hers. She is paying for his kids' education. Like a lot of black women of her demographic she would rather have some leeching asshole than be alone or date someone outside her "comfort zone". She is too old for this she needs to get it together.

Haterade said...

Another slut who worships at the altar of material things. It always comes back to bite you.

Anonymous said...

@6:41PM you know yo shit!!!

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