Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 48

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 and if it is, have conditions
changed such that the obligor can begin making regular monthly payments again after the extension; (3) the obligor's past payment history,
including past extensions if applicable; (4) the obligor’s willingness to communicate and cooperate on resolving the delinquency;
and (5) a numeric score from our internal risk assessment system that indicating the likelihood that the extension will prove beneficial.
If the collector believes the obligor is a good candidate for an extension, an approval is obtained from a supervisor, who will review
the same factors stated above prior to offering the extension to the obligor. After receiving an extension, an account remains subject
to our normal policies and procedures for interest accrual, reporting delinquency and recognizing charge-offs.

 35 

We
believe that a prudent extension program is an integral component to mitigating losses in our portfolio of sub-prime automobile receivables.
The table below summarizes the status, as of March 31, 2025, for accounts that received extensions from 2011 through 2024: 

    Period of Extension 
    # Extensions Granted  
    Active or Paid Off at March 31, 2025  
    % Active or Paid Off at March 31, 2025  
    Charged Off > 6 Months After Extension  
    % Charged Off > 6 Months After Extension  
    Charged Off <= 6 Months After Extension  
    % Charged Off <= 6 Months After Extension  
    Avg Months to Charge Off Post Extension 

    2011 
     18,786  
     10,962  
     58.4%  
     6,883  
     36.6%  
     941  
     5.0%  
     19 

    2012 
     18,783  
     11,315  
     60.2%  
     6,667  
     35.5%  
     801  
     4.3%  
     18 

    2013 
     23,398  
     11,130  
     47.6%  
     11,282  
     48.2%  
     986  
     4.2%  
     23 

    2014 
     25