If you are looking for information about Consumer Portfolio Services, you have come to the right place. The company offers auto loans to customers through select car dealerships in the country. In fact, you can apply for a car loan from CPS even if you have a limited credit history, bad credit, or low income. But you may have to pay a high interest rate for such a loan in exchange for your credit score issues. This article provides information on why you need to secure an auto loan from CPS.
CPS is an indirect auto loan lender where you can apply for a loan only through a dealership that partners with the company. The company works with both independent automobile and franchised dealerships. The service provider offers loans only for late-model used vehicles and some new vehicles. In case you are looking for an auto refinance loan, you will have to find another lender to apply for such a loan. You already know how important it is to have a good credit score when applying for an auto loan. If you don’t have a good credit history or score, you may find it difficult to get an auto loan from any other lender. But CPS is willing to provide auto loans to customers who have bad credit scores or who haven’t had a chance to build their credit history yet. That is one of the most important advantages of choosing CPS for your auto loan. CPS also considers people with lower incomes as well as people who have filed Chapter 7 and 13 bankruptcies.
Consumer Portfolio Services is an auto loan lender that provides car loans to customers through select car dealerships in the country. The aforementioned article provides information on why you need to secure an auto loan from CPS.