Consumer Portfolio Service, Inc.
1.07 %
-24.22 %
Yet to be announced
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.
Revenue Sources
FailBased on the financial data provided, interest income constitutes the vast majority of the company's total revenue across all reported quarters. The company's core business model is auto financing through interest-based loans, which is considered a haram business activity.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $147.27m | $-42,000,000.0 | $140.12m | $-42,000,000.0 | 95.14% | 100.00% |
Consumer Portfolio Services operates as a finance company where its primary business model revolves around interest-based lending. The company generates revenue primarily through interest income from auto loans, and incurs interest expenses from its own borrowings to fund these loans. Both interest income and interest expense are fundamental to its core operations.
Operational Ethics
PassBased on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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