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CPS sees decline in Q4 originations amid low-interest competition

Consumer Portfolio Services' year-end allowance for credit losses increased 594% YoY

Amanda Harris

Consumer Portfolio Services prioritized credit quality over loan volume during the COVID-19 pandemic, leading to decreased origination volume in the fourth quarter and improved credit performance. Fourth-quarter originations decreased 32.6% YoY to $166 million. Year-to-date originations totaled $743 million, a decrease of 26% year over year. Increasing volume is a challenge for CPS amid the […]

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