Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 56

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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,757  
     178,488  
     13,300  
     214,194 
  
    Contracts with four extensions 
     8,355  
     122,257  
     6,759  
     75,866  
     7,462  
     99,071 
  
    Contracts with five extensions 
     4,861  
     55,981  
     4,895  
     40,991  
     4,645  
     43,264 
  
    Contracts with six extensions 
     3,503  
     26,034  
     3,219  
     21,291  
     3,420  
     22,988 

     92,056  
    $1,510,907  
     83,576  
    $1,304,885  
     88,385  
    $1,415,885 

    Managed portfolio (excluding originated and owned by 3rd parties) 
     211,246  
    $3,708,381  
     187,968  
    $3,173,282  
     201,441  
    $3,490,960 

___________________

Note: Table excludes portfolios originated
and owned by third parties

Since 2019, we have been able to reduce extensions
by working with our servicing staff to be more selective in granting extensions including, where appropriate, to exhaust all possibilities
of payment by the customer before granting an extension. However, as delinquency rates have risen, so has the average number of extensions
granted.

 46 

Non-Accrual Receivables

It
is not uncommon for our obligors to fall behind in their payments. However, with the diligent efforts of our Servicing staff and systems
for managing our collection efforts, we regularly work with our customers to resolve delinquencies. Our staff are trained in employing
a counseling approach to assist our customers with their cash flow management skills and help them to prioritize their payment obligations
in order to avoid losing their vehicle to repossession. Through our experience, we have learned that once a customer becomes greater than
90 days past due, it is not likely that the delinquency will be resolved and will ultimately result in a charge-off. As a result, we do
not