Consumer Portfolio Services
CPSSConsumer Portfolio Services (CPSS) is a specialty finance company that provides subprime auto loan portfolio acquisitions, servicing, and originations. Founded in 1991, the company focuses on purchasing and managing portfolios of auto loans, primarily serving borrowers with less-than-pristine credit histories. CPSS operates through a network of automotive finance companies and manages its portfolio for profitability and risk mitigation.
Company News
Consumer Portfolio Services, Inc. (CPSS) announced the closing of its second term securitization in 2026, with $514.07 million in asset-backed notes secured by $526.17 million in automobile receivables. This marks the company's 59th securitization since 2011 and the largest in its 109-transaction history, with the notes receiving triple-A ratings...
Consumer Portfolio Services, Inc. (CPSS) announced on April 3, 2026, that it amended its two-year revolving credit agreement with Capital One, N.A., increasing the facility capacity from $167.5 million to $390 million. The loans remain secured by automobile receivables, with a revolving period through October 17, 2027, followed by an optional eig...
Consumer Portfolio Services, Inc. (CPSS) announced the closing of a $50 million securitization transaction involving residual interests from previously issued securitizations. Qualified institutional buyers purchased asset-backed notes with an 8.75% coupon, secured by an 80% interest in a CPS majority-owned affiliate holding residual interests fr...
Consumer Portfolio Services, Inc. (CPSS) announced the closing of its first term securitization in 2026, raising $345.61 million in asset-backed notes secured by $352.66 million in automobile receivables. This marks the company's 58th senior subordinate securitization since 2011 and the 41st consecutive securitization to receive triple-A ratings ...
Consumer Portfolio Services closed a new two-year revolving credit agreement secured by automobile receivables, with the ability to borrow through October 2027 and an optional 18-month amortization period afterward.
