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CPS originations up 75% YoY in Q2 

Delinquencies ticked down 52 bps 

Amanda Harris

Consumer Portfolio Services‘ originations rose 75% year over year in the second quarter while credit performance improved.  CPS purchased $757.7 million of new contracts in Q2, up 42.1% quarter over quarter, according to the subprime lender’s earnings release today. Outstandings totaled $4.3 billion, up 16.2% YoY and 9.3% QoQ. Second-quarter originations growth followed investments in technology and marketing […]

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