It pays to be broke ass broke if you're Mary J. Blige's foundation -- a bank just agreed to slash the group's debt by nearly $200,000 sources have confirmed.
According to legal documents, TD Bank reached a settlement with Mary J.'s charitable group -- agreeing to let it pay $125k -- which might not sound like a great deal, until you realize the total tab was a whopping $322,000!
The Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now was sued last year when it defaulted on a $250k loan. The charity even blamed the bank -- claiming it should've know the group's finances were in shambles.
According to the settlement, the group will pay back $15,000 immediately -- and then make 12 easy payments of $9,166.
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