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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.

http://www.tmz.com/2013/09/28/mary-j-blige-charity-loan-default-settlement/

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.

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Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.