What You Need To Know About Consumer Portfolio Services

Are you looking to buy a car but have a poor credit history, low income or a limited credit history? Well, Consumer Portfolio Services Inc can help. Here, we buy, sell and service any automobile loans made to people without good financial portfolios. We are here to finance vehicles for anyone who doesn’t have access to traditional financing options because of poor credit.

The loans we provide have a higher interest rate than other types of loans. At Consumer Portfolio Services, we purchase contracts from new and independent used car dealers in various states. Next, we securitize the loans and sell them on the secondary market to subprime borrowers. Currently, we are managing about $900million in contracts for our clients.

Consumer Portfolio Services

The bigger part of these contracts involves acquiring financing for used vehicles. We serve Florida, California, Virginia and Illinois. Our headquarters are in Irvine, California. We have been in business since 1991 and over the time we have been in business, we have worked on $16.8 billion in these contracts. We have about 800 employees in all the branches and are serving 168,000 active customers.

We operate as a specialty finance company. As mentioned, our core business involves purchasing and servicing retail automobile contracts from franchised automobile dealers through the sale of new and used vehicles, light trucks or passenger vans. Therefore, we work directly with the customers of these dealerships to help them finance their vehicles without any hassles. We are here to facilitate sales to customers.

We have 8 financing programs in store offered to all our customers. The prices for each program depend on the relative credit risk from each customer. Whether you are on the Bravo, Super Alpha, First Time Buyer, Preferred, Alpha Plus, Standard, Alpha or Mercury/Delta program, you can benefit from our services at any time.