Chandler v. American General Finance, Inc.
Appellate Court of Illinois
1Opinion of the CourtJustice Wolfson
Keturah D. Chandler and Robert A. Chandler (the Chandlers) borrowed money from American General Finance, Inc. (AGFI), on June 1, 1998. After the Chandlers made some payments, AGFI began bombarding them with opportunities to borrow more money. They finally succumbed, on September 15, 1999.
In their lawsuit, the Chandlers claim they were victims of a bait- and-switch scheme. That is, AGFI led them to believe they would be getting a new loan but intended only to refinance their existing loan. Refinancing, they say, turns out to be more expensive than taking out a new loan.
The Chandlers brought…
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