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Consumer Portfolio Service


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Consumer Portfolio Services, Inc. ("CPS") is a specialty finance company that provides indirect automobile financing to individual borrowers with past credit problems, low incomes, or limited credit histories. The Company purchases retail installment sales contracts primarily from factory franchised automobile dealers. The contracts are secured by late model used cars and to a lesser extent, new cars. The Company accumulates the contracts into pools, and finances the pooled contracts through the issuance of "AAA" rated asset-backed securities. CPS was founded in 1991 and currently purchases contracts in 47 states from approximately 7,000 dealers. The Company?s common stock is traded on the NASDAQ National Market System under the symbol "CPSS".

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