Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 148

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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    Contracts with two extensions 
     22,345  
     377,895  
     20,228  
     345,488  
     22,452  
     382,301 
  
    Contracts with three extensions 
     13,685  
     221,613  
     10,758  
     153,331  
     13,300  
     214,194 
  
    Contracts with four extensions 
     7,785  
     108,780  
     6,648  
     69,027  
     7,462  
     99,071 
  
    Contracts with five extensions 
     4,586  
     46,605  
     5,017  
     40,981  
     4,645  
     43,264 
  
    Contracts with six extensions 
     3,299  
     22,635  
     3,119  
     20,762  
     3,420  
     22,988 

     89,142  
    $1,442,955  
     81,879  
    $1,265,603  
     88,385  
    $1,415,885 

    Managed portfolio (excluding originated and owned by 3rd parties) 
     207,123  
    $3,614,555  
     181,650  
    $3,021,185  
     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.

 37 

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 to employ a
counseling approach to assist our customers with