CONSUMER PORTFOLIO SERVICES, INC. (NASDAQ:CPSS) Files An 8-K Entry into a Material Definitive Agreement

ITEM 1.01.ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On April 17, 2017, Consumer Portfolio Services, Inc. (CPS or the
Company) and its subsidiary Page Six Funding LLCrenewed and
amended their existing revolving credit agreement (as renewed and
amended, the Credit Agreement) and related agreements with an
affiliate (the Lender) of Fortress Credit Co LLC, and with
others. Loans under the Credit Agreement are secured by
automobile receivables that CPS now holds or may purchase in the
future from dealers.

Under the Credit Agreement, and subject to its terms and
conditions, the Lender has agreed to lend from time to time
through April 17, 2019 up to a maximum of $100 million. At the
conclusion of the two-year revolving period, outstanding loans
will be due in full, or, at the election of the borrower, the
loans would amortize for an additional two years, and then become
due in full. Loans under the Credit Agreement bear interest
during the revolving period at a floating rate equal to one-month
LIBOR plus 5.50%, but in all events no less than 6.50% per year,
and during the amortization period (if any) at a floating rate
equal to one-month LIBOR plus 6.50%, but in all events no less
than 7.50% per year.The loans are subject to acceleration upon
the occurrence of certain defined events of default. In
connection with the renewal of the Credit Agreement, CPS paid a
closing fee of $1,000,000 to the Lender.

CPS disclaims any implication that the agreements described in
this report are other than agreements entered into in the
ordinary course of CPS’s business.

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL
CONDITION.

On April 19, 2017, the registrant announced its earnings for the
quarter ended March 31, 2017.A copy of the announcement is
attached as an exhibit to this report.

As disclosed in the announcement, the registrant will host a
conference call on Thursday, April 20, 2017, at 1:00 p.m. ET to
discuss its results of operation and financial condition. Those
wishing to participate by telephone may dial-in at 877 312-5502
or 253 237-1131 approximately 10 minutes prior to the scheduled
time. The conference identification number is 8553937.

A replay of the conference call will be available between April
20, 2017 and April 27, 2017, beginning two hours after conclusion
of the call, by dialing 855 859-2056 or 404 537-3406, with
conference identification number 8553937. A broadcast of the
conference call will also be available live and for 90 days after
the call via the Companys web site at www.consumerportfolio.com.

ITEM 2.03. CREATION OF A DIRECT FINANCIAL OBLIGATION OR
AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A
REGISTRANT.

The information provided in response to item 1.01 is incorporated
herein by reference.

CPS has incurred indebtedness under the original Credit
Agreement, prior to the amendment reported hereby, from time to
time from April 2015 to the present. As of the date of this
report, the principal amount owed under the amended Credit
Agreement was approximately $83.9 million. CPS intends to incur
indebtedness under the Credit Agreement from time to time as it
purchases motor vehicle receivables from dealers and to repay
such indebtedness in connection with securitization transactions
that provide permanent financing for the underlying automobile
receivables. CPS does not undertake to provide updates regarding
the amount of indebtedness outstanding from time to time, and no
inference should be drawn that such indebtedness has not changed.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Two exhibits are included in this report:

About CONSUMER PORTFOLIO SERVICES, INC. (NASDAQ:CPSS)

Consumer Portfolio Services, Inc. is a specialty finance company. The Company’s business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and by select independent dealers in the United States in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the Company provides indirect financing to the customers of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers. The Company offers approximately eight financing programs to its dealership customers and prices each program according to the relative credit risk. Its financing programs are Bravo, First Time Buyer, Mercury/Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.

CONSUMER PORTFOLIO SERVICES, INC. (NASDAQ:CPSS) Recent Trading Information

CONSUMER PORTFOLIO SERVICES, INC. (NASDAQ:CPSS) closed its last trading session down -0.02 at 4.67 with 57,642 shares trading hands.