What is CPS Consumer Portfolio Services?

About CPS. Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories.

Is Consumer Portfolio Services a collection agency?

According to the Better Business Bureau (BBB), Consumer Portfolio Services was founded and incorporated in 1991 in California. The BBB lists CPS as a consumer finance company and a collection agency.

What is CPS debt collector?

INVESTORS. Consumer Portfolio Services, Inc. (CPS) is a specialty finance company that provides indirect automobile financing to vehicle purchasers with past credit problems, low incomes or limited credit histories. CPS was founded in 1991 and currently purchases contracts in 48 states.

Does Consumer Portfolio Services report to credit bureaus?

Just like any other auto finance company, Consumer Portfolio Services will also report to the credit bureaus when you paid off your loan or refinanced it. In both of those cases, your loan will show up as paid off.

Can you pay Consumer Portfolio Services with a credit card?

What ways can I pay my Consumer Portfolio Services bill? You can pay them directly at this website. Or pay on doxo with credit card, debit card, Apple Pay or bank account.

What is a maturity date on a car loan?

Loan maturity date refers to the date on which a borrower’s final loan payment is due. Once that payment is made and all repayment terms have been met, the promissory note that is a record of the original debt is retired. In the case of a secured loan, the lender no longer has a claim to any of the borrower’s assets.

Is CPS a bank?

Currency Processing Solutions® (CPS) | Fifth Third Bank.

How do I pay my consumer portfolio?

Does Consumer Portfolio Services have an app?

CPSI Mobile App on the App Store.

Does CPS report to credit bureaus?

CPS can confirm we are reporting accurately to the credit reporting agencies.

How do I contact Consumer Portfolio Services?

If you have additional questions regarding employment you may email us at: [email protected]. You may also FAX your resume to the Human Resources Department at 949-209-2537.

What happens if you still owe after maturity date?

If you own a balance past the maturity date, your lender will charge fees on the payments you missed. And the interest will continue to accumulate on the remaining amount.

What is Consumer portfolio services?

Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories.

How does the Consumer portfolio services auto loan calculator work?

Our Consumer Portfolio Services auto loan calculator can pre-qualify you hassle-free through a simple credit application and help you get a sense for how much you can expect to save from a Consumer Portfolio Services auto refinance and the best rates.

What is the average consumer portfolio services loan rate for refinancing?

We performed a study on the top 40 auto loan companies to refinance and found that the average Consumer Portfolio Services loan rate is around 19% (within a range of +/- 5%). If you made your payments for 6 / 12 / 18 consecutive months, you’re guaranteed to be able to save money on your Consumer Portfolio Services loan.

What is the Consumer portfolio services late payment policy?

The Consumer Portfolio Services late payment policy provides a grace period of 7 to 15 days. Grace periods vary from lender to lender and due to the coronavirus pandemic, banks have become a lot more lenient with their borrowers. Late fees vary drastically by loan, the minimum late fee we’ve encountered was 5% of the monthly payment amount.