Tyrese got into some serious financial issues as American Express stated back in May that he was $61,000 in debt as he was not making payments. Page Six is now reporting that the company and Tyrese have agreed on a payment plan that would help him eliminate this debt.
Papers were filed by American Express a week ago and the plan is for Tyrese to settle the debt in installment payments, according to The Blast. Terms are also not being disclosed at the time.
Tyrese revealed that he had financial issues last November and that appeared to be part of the emotional breakdown that he had on social media as he noted that he was going through a serious custody battle regarding his daughter. It’s good that there is no more lawsuits on Tyrese’ hands and hopefully he will find a way to better manage these funds.