Consumer Portfolio Service, Inc.
Company Overview
Consumer Portfolio Services, Inc. is a 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.
The company's primary business model involves purchasing these contracts from dealers and generating income from interest charged on the loans, making it fundamentally an interest-based lending business.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2024 | $49.78m | $41.97m | $42.32m | $41.97m | 85.02% | 100.00% |
Company Impact
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