Consumer Portfolio Services (NASDAQ: CPSS) is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes, or limited credit histories. The company purchases retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. Consumer Portfolio Services funds these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. For more information, visit the company’s website at www.consumerportfolio.com.
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