Why inflation is not a threat

Re:Why inflation is not a threat by imtringued on Sunday March 14, 2021 @02:57PM (#26457793)

I don't think I have ever gotten a floating rate loan in Germany. Are there specific countries or types of loans where these rates are common? Are you talking about credit cards?

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Re:Why inflation is not a threat by rsync on Sunday March 14, 2021 @03:10PM (#26457923)

Most of my experience is in the United States, where I live. In the US a "normal" mortgage typically has a fixed rate.

However, any kind of unsecured loan will have a floating rate. Certainly that includes all credit card debt and any kind of short term business financing like paypal offers.

Further, if you have a poor credit score it is likely that your car loan(s) will have a floating rate and that you will be aggressively steered into a floating rate mortgage (an "ARM"). This will be presented to you as a benefit in the form of lower monthly payments (for now).

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Re:Why inflation is not a threat by samsonradu on Sunday March 14, 2021 @05:07PM (#26459191)

In Romania most of the mortgage loans are floating rate, tracking the 6 month ROBOR (equivalent of EURIBOR).

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