Company: CPSS
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683168-25-005901
Chunk: 8

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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 are recorded separately on the Company’s Balance Sheet and are excluded from all tables in this footnote.

The following
table presents the components of Finance Receivables, net of allowance for finance credit losses: 

    Schedule of components of finance receivables 

    June 30,  
    December 31, 

    2025  
    2024 

    (In thousands) 
  
    Finance receivables 
    $1,816  
    $5,420 
  
    Less: Allowance for finance credit losses 
     (145) 
     (433)
  
    Finance receivables, net 
    $1,671  
    $4,987 

We consider an automobile
contract delinquent when an obligor fails to make at least 90% of a contractually due payment by the following due date, which date may
have been extended within limits specified in the servicing agreements. The period of delinquency is based on the number of days payments
are contractually past due, as extended where applicable. Automobile contracts less than 31 days delinquent are not reported as delinquent.
In certain circumstances we will grant obligors one-month payment extensions. The only modification of terms is to advance the obligor’s
next due date by one month and extend the maturity date of the receivable by one month. In certain limited cases, a two-month extension
may be granted. There are no other concessions, such as a reduction in interest rate, forgiveness of principal or of accrued interest.
Accordingly, we consider such extensions to be insignificant delays in payments. The following table summarizes the delinquency status
of finance receivables as of June 30, 2025, and December 31, 2024:

     14 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

    Schedule of delinquency status of finance receivables 

    June 30,  
    December 31, 

    2025  
    2024 
  
    Delinquency Status 
     (In thousands) 
  
    Current 
    $998  
    $2,994 
  
    31-60 days 
     355  
     1,184 
  
    61-90 days 
     359