Consumer Portfolio Services Inc. is a specialty finance company focusing on indirect automobile financing. The company's primary function is to purchase and service used car loans originated by franchised automobile dealerships. This financial entity primarily impacts the automotive lending industry, playing a crucial role in providing credit facilities to non-prime consumers who might find it challenging to obtain financing through traditional banks or other lending institutions. By enabling car buyers with less-than-stellar credit profiles to secure loans, Consumer Portfolio Services Inc. facilitates broader access to vehicle ownership, thereby supporting the automotive retail sector. Headquartered in California, the company operates a robust portfolio-management system and employs advanced risk assessment techniques to minimize defaults while maximizing recovery on its loan book. It represents a vital component in the auto finance industry, contributing to the circulation of credit and sustaining credit markets by offering liquidity and financial solutions to dealers and consumers alike.