NASDAQ, CPSS - Consumer Portfol
We are a specialty finance company engaged in purchasing and servicing
retail automobile contracts originated primarily by franchised automobile
dealers and, to a lesser extent, by select independent dealers in the United
States in the sale of new and used automobiles, light trucks and passenger vans.
Through our automobile contract purchases, we provide indirect financing to the
customers of dealers who have limited credit histories, low incomes or past
credit problems, who we refer to as sub-prime customers. We serve as an
alternative source of financing for dealers, facilitating sales to customers who
otherwise might not be able to obtain financing from traditional sources, such
as commercial banks, credit unions and the captive finance companies affiliated
with major automobile manufacturers. ...
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