CPSS - Consumer Portfolio Services Inc.

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CPSS Profile

Consumer Portfolio Services, Inc. functions as a specialty finance company based in Las Vegas, Nevada, primarily operating within the United States. Established in 1991, the company specializes in the acquisition and servicing of retail automobile contracts originating from franchised and select independent dealerships. These contracts encompass sales of new and used automobiles, light trucks, and passenger vans.

Catering to customers with limited credit histories or past credit challenges, Consumer Portfolio Services offers indirect financing through its automobile contract purchases. This service provides an alternative financing solution for dealers, enabling them to facilitate sales to individuals who may face difficulties securing financing from traditional sources such as commercial banks, credit unions, or captive finance companies.

In addition to its core operations, the company engages in the acquisition of installment purchase contracts through strategic merger and acquisition transactions. It also purchases vehicle purchase money loans from non-affiliated lenders, further expanding its financing capabilities across the sub-prime consumer market.

Consumer Portfolio Services extends its reach through branches located in California, Nevada, Virginia, Florida, and Illinois, where it services its portfolio of automobile contracts. With a commitment to providing accessible financing options, the company continues to support automotive dealerships and sub-prime consumers alike, enhancing accessibility to vehicle ownership across diverse financial profiles.

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