Kwame Brown Settles Credit Card Debt
Last week, we all know, was not good to Council Chairman Kwame "Fully Loaded" Brown. But the week before last wasn't half bad.
That's because on February 18, Brown finalized a settlement with the collection agency that's been hounding him for unpaid credit card debt.
Brown's settlement allows him to pay only $9,500 on what was originally $21,743.87 worth of debt. The settlement also allows Brown to escape interest payments, late fees, or attorney costs.
According to the terms of the settlement, Brown had to make a $500 payment at the end of last month and a $500 payment today. Brown then owes $2,033 at the end of March, and then has two more payments of $3,033 on April 31 (which doesn't exist) and May 31.
If Brown doesn't make a payment, he'll have to pay the full amount plus interest.
Brown also settled with the same collection agency over another credit card debt in December. In that settlement, Brown agreed to pay $4,050 to cover an original debt of $5,661.43.
It now looks like Brown has resolved all the court cases brought against him for debt-related issues—as long as he makes his payments on time.
Photo By Darrow Montgomery