Sunday, January 20, 2013

Consumer Portfolio Services Information

If you were looking get or find information related to Consumer portfolio services, then the following post would address your queries. Consumer Portfolio Services Inc. (CPS) is a specialty finance company. The Company's business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through the Company's automobile contract purchases, it provides indirect financing to the customers of dealers who have limited credit histories, low incomes or past credit problems, who the Company refers to as sub-prime customers. CPS serves as an alternative source of financing for dealers, facilitating sales to customers who otherwise might not be able to obtain financing from traditional sources, such as commercial banks, credit unions and the captive finance companies affiliated with major automobile manufacturers. For more information or suggestion on consumer portfolio services, please feel free to check out the above-mentioned link.