November 28, 2020

Pausing Loan Payments During Coronavirus Is Producing Uneven Results

Pausing Loan Payments During Coronavirus Is Producing Uneven Results


Jim Curran in Malvern, Pa., lost his job in March and got permission to pause his mortgage payments, freeing up thousands of dollars a month, with no damage to his credit score.

Patricia Orndorf in St. Louis Park, Minn., also lost her job in March. Her bank let her temporarily skip her credit-card bill, which had a minimum monthly payment of roughly $100, through July. But interest still piled up, and late fees for August, September and October added to her balance.

The…



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