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CPS’ originations fall 12.3% in Q3 

Outstandings, total revenue rose 

Truth Headlam

Consumer Portfolio Services’ originations decreased in the third quarter due in part to credit tightening. The subprime lender’s purchased contracts, or originations, totaled $391.1 million in Q3, down 12.3% year over year and 9.7% quarter over quarter, according to the company’s Nov. 10 earnings release. “This year, we’ve had some growth, but modest growth, as […]

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