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CPS prioritizes servicing and collection efforts as DQs rise

Originations dropped 30% from 2022 levels

Joey Pizzolato

Consumer Portfolio Services is focusing on building its servicing and collections practices as the company works to get ahead of potential losses spurred by problematic 2022 vintages. The Irvine, Calif.-based subprime lender has added to its collections staff and deployed new programs and initiatives to help mitigate poor credit performance logged in 2022 and early […]

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