Consumer Portfolio Services
Consumer Portfolio Services, Inc. is a specialty finance company. The Company's business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the Company provides indirect financing to the customers of dealers who have limited credit histories or past credit problems, who it refers as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. The Company offers approximately eight different financing programs, and price to its customer, each program according to the relative credit risk. Its financing programs are First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.