Company: CPSS
Filing Date: 2025-03-26
Form Type: 424B2
Source: 0001683168-25-001896
Chunk: 8

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-26
Form: 424B2
Chunk 8
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 we may be required to reduce the interest income we recognize    
 for some or all of the receivables measured at fair value;                                                                                 |
| · | If                                                                                                                                         
 actual results for our receivables materially deviate from our estimates, we may be required to reduce the recorded value for some or      
 all of the receivables measured at fair value; and                                                                                         |
| · | If                                                                                                                                         
 actual market conditions indicate that the amount a market participant would pay for our receivables is materially lower than our recorded 
 value, we may be required to reduce the recorded value for some or all of the receivables measured at fair value.                          |

Risks Related to General Factors

| · | If                                                                                                                          
 the economy of all or certain regions of the United States falls into recession, our results of operations may be impaired; |
| · | Our                                                                                                                         
 results of operations may be impaired as a result of natural disasters;                                                     |
| · | A pandemic or other public health emergency could have adverse effects;                                                     |
| · | Social,                                                                                                                     
 economic and other factors may affect losses; and                                                                           |
| · | If                                                                                                                          
 an increase in interest rates results in a decrease in our cash flow from excess spread,                                    
 our results of operations may be impaired.                                                                                  |

| 9 |

<div align='center'>RISK FACTORS</div>

The risks described below set forth the material risks associated with the purchase of notes and our company. Before you invest in the notes, you should carefully consider these risk factors, as well as the other information regarding the notes and the company contained in this prospectus and in the documents incorporated by reference into this prospectus. In particular, we note that risk factors are described in our annual report on Form 10-K (which report is incorporated by reference), and that we may include updated or expanded risk factors in our quarterly or other reports, which also are incorporated by reference.

<div align='center'>Risk Factors Relating to the Notes</div>

Because of their characteristics, the notes may not be a suitable investment for you.

The notes may not be a suitable
investment for you, and we advise you to consult your investment, tax and other professional financial advisors prior to purchasing notes.
The characteristics of the notes, including maturity, interest rate and lack of liquidity, may not satisfy your investment objectives.
The notes may not be a suitable investment for you based on your ability to withstand a loss of interest or principal or other aspects
of your financial situation, including