Consumer Portfolio Services , also known as CPS, specializes in purchasing car loans from finance companies and retail dealers. By doing so, they are able to provide financing for consumers with not-so-stellar credit scores.
What Can CPS Do For You?
CPS provides customers with a range of services that help them get the best deals when they need financing. They are able to refinance existing loans and provide new car loans as well. They also offer flexible payment terms to ensure that customers can keep up with their payments without issue.
Additionally, CPS provides services for debt consolidation, helping customers bring several loans into one single loan with an easier repayment schedule. This allows customers to not only reduce their monthly payments but to also avoid frequent changes of lenders or interest rates.
Rebuilding Credit With CPS
CPS provides customers with the chance to rebuild their credit, allowing them to access better financing options in the future. Not only do they provide financing to those who need it, but they also give customers the opportunity to build or rebuild their credit. This is done through their proprietary scoring system which helps customers track their progress and credit scoring. It can be used to show how customers’ credit score is improving over time.
Additionally, CPS offers financial counseling services to help customers make the most of their finances. Through counseling, customers can learn about budgeting, debt management, and other ways to improve their financial situation.
Safety Of Your Personal Information
CPS is committed to protecting the privacy of its customers. They have measures in place such as encryption technology and secure servers to ensure that all customer information is safeguarded and kept safe from unauthorized access or use. They also adhere to stringent data protection laws to ensure that customer information is never shared with any third parties.
All customer records are protected by security protocols to ensure that data is stored securely. As required by law, all customer data is securely stored and processed in compliance with the Payment Card Industry Data Security Standard (PCI DSS).
Conclusion
Consumer Portfolio Services (CPS) is an excellent option for customers looking for financing who may have less than stellar credit. They offer a range of services to meet customers’ needs, including debt consolidation and credit rebuilding. Additionally, they offer competitive rates, flexible payment plans, and secure data protection. All of these features make CPS a great choice for anyone looking for car loan financing.
Consumer Portfolio Services, Inc. commonly known as CPS is an American publicly traded financial services company that specializes in purchasing and servicing subprime auto loans. Founded in 1991, they are based in Irvine, California and are owned by Credito Real, S.A.B. de C.V., a Mexican financial company. CPS is a major player in purchasing pre-sold and unsold subprime auto finance contracts from various indirect origination sources. By purchasing these loans, they provide access to subprime auto financing to certain consumers who might not otherwise qualify.
CPS is highly committed to helping dealers strengthen their bottom line by providing dealers with services to help them manage their inventory and deliver timely funding. Their services include remarketing programs, such as vehicle repossession and commission programs. CPS also provides dealer and consumer assistance services, such as warranty and insurance products, collections and credit reporting, debt cancellation, and automated payment processing. CPS also offers dealer support in the form of online tools and resources, dealer assessments, and expert consulting.