---

CPS Completes $75 Million Revolving Credit Facility

21 November 2000

CPS Completes $75 Million Revolving Credit Facility

    IRVINE, Calif.--Nov. 20, 2000--Consumer Portfolio Services Inc. Monday announced that it has opened a $75 million revolving credit facility (the "Facility").
    The Facility, which will allow the company to purchase and hold automotive receivables through one of its wholly owned subsidiaries, includes credit enhancement provided by Financial Security Assurance Inc.
    "This transaction is a significant event for our company. Once again, we are in a position to purchase contracts for our own account, thus preparing us to re-enter the securitization market," said Charles E. Bradley, Jr., president and chief executive officer. "The Facility will improve the company's financial strength and provide the ability to capitalize on the many opportunities in our industry."
    Forward-looking statements in this news release include the prediction that the company will securitize receivables that it plans to purchase. Factors that could cause such securitization transactions not to occur would include adverse market conditions, the inability to obtain financial guaranty insurance or insufficient liquidity to post the required cash portion of credit enhancement.