Consumer Portfolio Services

Founded in 1991, Consumer Portfolio Services, Inc. (CPS) is a publicly traded specialty finance company (NASDAQ: CPSS) that purchases and services retail automobile contracts originated by franchised and independent automotive dealers. The company's business model is focused on the sub-prime market, serving consumers who may not qualify for traditional financing due to poor or limited credit histories. CPS operates as an indirect lender, meaning it does not lend directly to consumers but rather buys the loan contracts from the car dealerships where customers purchase their vehicles. Its mission is to enable these consumers to purchase a vehicle while providing dealers with a reliable financing solution and offering investors an opportunity to participate in the specialty finance market.