CPS clocks improved credit performance as originations dip | Auto Finance News | Auto Finance News

CPS clocks improved credit performance as originations dip

© Can Stock Photo / Stocksolutions

Consumer Portfolio Services has seen an improvement in credit performance in the second quarter, largely due to unemployment benefits and government stimulus, Chief Financial Officer Jeff Fritz said during the company’s earnings call this week. In fact, 30-plus day delinquencies dropped to 9.6% of outstandings — the lowest level since the first quarter of 2018, […]

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