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CPS originations rise 18.2% YoY in Q1

Net charge-offs dropped 103 basis points YoY

Johnnie Martinez II

Consumer Portfolio Services’ originations increased in the first quarter on the heels of expansion efforts over the past 18 months.  Consumer Portfolio Services’ (CPS) purchased contracts totaled $533.2 million in Q1, up 18.2% year over year and 46.9% quarter over quarter, according to the company’s May 5 earnings release. Outstandings totaled $3.9 billion as of March 31, up 9.1% YoY and […]

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