WSJ News Exclusive | Americans Skip Millions of Loan Payments as Coronavirus Takes Economic Toll

A surge in missed loan payments among U.S. borrowers suggests the layoffs related to the coronavirus have taken a severe economic toll

Americans have skipped payments on more than 100 million student loans, auto loans and other forms of debt since the coronavirus hit the U.S., the latest sign of the toll the pandemic is taking on people’s finances.

The number of accounts that enrolled in deferment, forbearance or some other type of relief since March 1 and remain in such a state rose to 106 million at the end of May, triple the number at the end of April, according to credit-reporting firm TransUnion.

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