Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 55

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 in full or active and performing as of June 30, 2025. Each of these successful accounts represent continued
payments of interest and principal (including payment in full in many cases), where without the extension we likely would have incurred
a substantial loss and no interest revenue after the extension.

 45 

For the extension accounts that
ultimately charge off, we consider any that charged off more than six months after the extension to be at least partially successful.
For example, of the accounts granted extensions in 2018 that subsequently charged off, such charge offs occurred, on average, 20 months
after the extension, indicating that even in the cases of an ultimate loss, the obligor serviced the account with additional payments
of principal and interest.

Additional information
about our extensions is provided in the tables below:

    Six Months Ended June 30,  
    Six Months Ended June 30,  
    Year Ended December 31, 

    2025  
    2024  
    2024 

    Average number of extensions granted per month 
     9,376  
     7,135  
     7,540 

    Average number of outstanding accounts 
     210,262  
     183,077  
     189,460 

    Average monthly extensions as % of average outstandings 
     4.5%  
     3.9%  
     4.0% 

____________________

Note: Table excludes portfolios originated
and owned by third parties

    June 30, 2025  
    June 30, 2024  
    December 31, 2024 

    Number of Contracts  
    Amount  
    Number of Contracts  
    Amount  
    Number of Contracts  
    Amount 

    (Dollars in thousands)  

    Contracts with one extension 
     38,104  
    $683,399  
     35,460  
    $618,862  
     37,106  
    $654,067 
  
    Contracts with two extensions 
     23,041  
     391,605  
     21,486  
     369,387  
     22,452  
     382,301 
  
    Contracts with three extensions 
     14,192  
     231,630  
     11