Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 147

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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     2.4%  
     6 

______________________

Note: Table excludes extensions on portfolios
serviced for third parties

We
view these results as a confirmation of the effectiveness of our extension program. For example, of the accounts granted extensions in
2019, 57.8% were either paid in full or active and performing as of March 31, 2025. Each of these successful accounts represent continued
payments of interest and principal (including payment in full in many cases), where without the extension we likely would have incurred
a substantial loss and no interest revenue after the extension.

 36 

For the extension accounts that
ultimately charge off, we consider any that charged off more than six months after the extension to be at least partially successful.
For example, of the accounts granted extensions in 2018 that subsequently charged off, such charge offs occurred, on average, 20 months
after the extension, indicating that even in the cases of an ultimate loss, the obligor serviced the account with additional payments
of principal and interest.

Additional information
about our extensions is provided in the tables below:

    Three Months Ended March 31,  
    Three Months Ended March 31,  
    Year Ended
                                                                               December
                                            31, 

    2025  
    2024  
    2024 

    Average number of extensions granted per month 
     7,390  
     6,760  
     7,540 

    Average number of outstanding accounts 
     205,203  
     180,332  
     189,460 

    Average monthly extensions as % of average outstandings 
     3.6%  
     3.7%  
     4.0% 

____________________

Note: Table excludes portfolios originated
and owned by third parties

    March 31, 2025  
    March 31, 2024  
    December 31, 2024 

    Number of Contracts  
    Amount  
    Number of Contracts  
    Amount  
    Number of Contracts  
    Amount 

    (Dollars in thousands)  

    Contracts with one extension 
     37,442  
    $665,427  
     36,109  
    $636,014  
     37,106  
    $654,067