Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 4

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 4
---
 will not purchase the
contract. Other partners to whom we refer applications may or may not choose to purchase such contracts by working directly with the dealers
who submitted the applications. Unless otherwise notated, contract origination and managed portfolio data discussed herein includes third-party
contracts.

Dealers with which we do business
are under no obligation to submit any automobile contracts to us, nor are we obligated to purchase any automobile contracts from them.
During the year ended December 31, 2024, no dealer accounted for as much as 2% of the total number of automobile contracts we purchased.

Under our direct lending platform,
the applicant submits a credit application directly to us via our website, or in some cases, through a third-party who accepts such applications
and refers them to us for a fee. In either case, we process the application with the same automated application decisioning process as
described above for applications from dealers. We then advise the applicant as to whether we would grant them credit and on what terms.

The following table sets forth
the geographical sources of the automobile contracts we originated (based on the addresses of the customers as stated on our records)
during the years ended December 31, 2024 and 2023.

    Contracts Purchased During the Year Ended 

    December 31, 2024  
    December 31, 2023 

    Number  
    Percent (1)  
    Number  
    Percent (1) 
  
    Texas 
     5,985  
     7.8%  
     4,620  
     7.1% 
  
    Ohio 
     5,643  
     7.3%  
     4,015  
     6.2% 
  
    California 
     4,583  
     6.0%  
     3,911  
     6.0% 
  
    Illinois 
     4,399  
     5.7%  
     4,482  
     6.9% 
  
    Florida 
     4,148  
     5.4%  
     3,489  
     5.4% 
  
    Georgia 
     3,432  
     4.5%  
     2,598  
     4.0% 
  
    Other States 
     48,819