New $150 Million Warehouse Credit Facility for Consumer Portfolio Services, Inc.

IRVINE, Calif.--Nov. 1, 20055, 2005--Consumer Portfolio Services, Inc. today announced that it has opened a new revolving warehouse credit facility. The new facility allows advances up to $150 million against eligible collateral and matures November 14, 2006. With the new credit facility in place, CPS has two committed facilities with total warehouse capacity of $350 million.

About Consumer Portfolio Services, Inc.

Consumer Portfolio Services, Inc. is a consumer finance company that specializes in purchasing, selling and servicing retail automobile installment sale contracts originated by automobile dealers located throughout the United States. The company is currently active in 43 states. Through its purchase of contracts, the company provides indirect financing to car dealer customers with limited credit histories, low incomes or past credit problems, who generally would not be expected to qualify for financing provided by banks or by automobile manufacturers' captive finance companies.