Consumer Portfolio Services,
Inc. is a specialized consumer finance company engaged in purchasing,
securitizing and servicing motor vehicle retail installment contracts
originated by franchised and select independent automobile dealerships
in the United States.
The company acquires
contracts that are secured by late model used and, to a lesser extent,
new automobiles entered into with purchasers with sub-prime credit.
Such purchasers generally have limited credit history, lower than
average income or past credit problems, and generally would not be
expected to qualify for traditional financing, such as that provided
by commercial banks or automobile manufacturers’ captive finance
companies.
Since its inception in 1991, CPS has established relationships with
thousands of automobile dealerships across the county and funded billions
of dollars of automobile loans.
CPS is headquartered in Orange County in southern California.
The company's common stock is listed on NASDAQ under the symbol CPSS.
Click here to download the company's latest Earnings Release, Form 10-Q and Form 10-K.
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