Consumer Portfolio Services doubles credit facility to $200M 

The lender is focused on origination growth and operational changes 

© Can Stock Photo / rfcansole

Consumer Portfolio Services (CPS) has doubled its credit facility with Ares Agent Services to $200 million as the company looks to revamp its operational strategy and focus on growth.   CPS amended the facility June 28, allowing the auto lender to borrow funds on a revolving basis through Jan. 31, 2024, according to a CPS release. […]

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