Consumer Portfolio Services is a financial services company that specializes in providing non-prime automotive loan products to customers across the United States. Established in 1991, this publicly traded company has become a household name, and it works with a network of new and used car dealerships to help customers finance their vehicles.
Consumer Portfolio Services helps customers who may not fit the typical requirements for financing through traditional sources, such as banks or credit unions. Through its comprehensive service, C.P.S. is able to provide flexible and competitive terms tailored to meet the unique needs of each customer. For those looking to purchase a vehicle but lacking good credit, C.P.S. can be a great resource.
What Does Consumer Portfolio Services Offer?
Consumer Portfolio Services offers a variety of services to customers, including auto financing, vehicle refinancing, and leasing. Customers can also take advantage of C.P.S.’s Debt Assistance program, which provides solutions to individuals who are struggling to manage their debt. The company can assist customers in developing a plan to pay off their loans while simultaneously repairing their credit score.
Additionally, C.P.S. offers a wide range of flexible repayment plans tailored to fit any budget. These include biweekly payments, deferred payment structures, early payoff options, and much more. In its effort to make financing easier and more attainable for all types of customers, C.P.S. also offers an online application process—allowing customers to apply for financing at any time of day.
What Are the Benefits of Working With Consumer Portfolio Services?
One of the greatest benefits of working with Consumer Portfolio Services is its commitment to customer service. The company provides genuine advice to its customers and assists them in finding the best possible financing solution for their situation. Additionally, C.P.S. offers competitive rates on all of its financing products.
In addition, C.P.S. goes above and beyond to ensure the satisfaction of its customers. Its Customer Relationship Management (CRM) department is dedicated to handling customer inquiries quickly and efficiently. Furthermore, the company even provides free education on topics such as credit scores and personal finance management.
C.P.S. also strives to make the financing process as simple and straightforward as possible. Once approved, customers can rest assured that their information is secure and private. Plus, they will have access to a dedicated team of professionals who can help answer any questions.
Who Can Qualify for Consumer Portfolio Services?
Ultimately, C.P.S. will assess each individual customer’s creditworthiness prior to approving any financing requests. In general, applicants must have a minimum monthly income of $2,000, be employed full-time or self-employed, and have no bankruptcy filings in the last two years. While every decision will be based on an individual-level assessment, these qualifications provide applicants with a strong starting point.
For anyone looking to purchase a vehicle or refinance an existing loan, Consumer Portfolio Services is an excellent option. By offering comprehensive services and a dedicated customer support team, C.P.S. can help customers find the financing solution that fits their unique needs.
