Millions miss credit card, car loan payments amid coronavirus crisis

Millions miss credit card, car loan payments amid coronavirus crisis

Nearly 15 million credit cards, or about 3.2% of the US’ accounts, were either frozen, in forbearance or had a deferred payment in April, according to credit-reporting company TransUnion. The same was true for almost 3 million, or 3.5%, of the nation’s auto loans. Last year in April, only 0.03 percent of credit cards and 0.5 percent of auto loans were in similar situation, the company said.

Tom A
Tom A
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