Specialty finance company Consumer Portfolio Services, Inc. is making waves in the U.S. automobile industry. The company is focused on purchasing and servicing retail automobile contracts originated by franchised and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, Consumer Portfolio Services offers indirect financing to customers of dealers with limited credit histories or past credit problems. This serves as an alternative source of financing for dealers, facilitating sales to customers who are not able to obtain financing from commercial banks, credit unions, and the captive finance companies. Consumer Portfolio Services also acquires installment purchase contracts in merger and acquisition transactions and purchases immaterial amounts of vehicle purchase money loans from non-affiliated lenders. With its headquarters in Irvine, California and branches throughout California, Nevada, Virginia, Florida, and Illinois, the company is servicing its automobile contracts to meet the needs of its clients. Consumers who may have struggled to find financing for their vehicle purchases in the past now have an accessible solution through this innovative finance company.
Consumer Portfolio Services's ticker is CPSS
The company's shares trade on the NASDAQ stock exchange
They are based in Irvine, California
There are 501-1000 employees working at Consumer Portfolio Services
It is consumerportfolio.com
Consumer Portfolio Services is in the Financial sector
Consumer Portfolio Services is in the Credit Services industry
The following five companies are Consumer Portfolio Services's industry peers: