Judgment_paragraph 90 · Ernst Georg Radlinger and Helena Radlingerová v Finway a.s (C-377/14)

90As stated, in essence, in recitals 31 and 43 to Directive 2008/48, informing the consumer of the total cost of credit, in the form of an interest rate calculated according to a single mathematical formula, is of critical importance in this regard. Firstly, that information contributes to the openness of the market in that it enables the consumer to compare offers of credit. Secondly, it enables the consumer to assess the extent of his commitment (see, to that effect, judgment of 4 March 2004 in Cofinoga, C‑264/02, EU:C:2004:127, paragraph 26, and order of 16 November 2010 in Pohotovosť, C‑76/10, EU:C:2010:685, paragraph 70).