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Consumer Portfolio Services, Inc. Message Board

  • thor1294 thor1294 Mar 23, 2013 7:57 AM Flag

    question

    just noticed this stock on IBD page. Always looking for new ventures, I do not own. Question: these poeple offer credit to bad credit rated people.......isn't this a bit risky. Stock looks good now, 3 months from now its' sustainability may turn sour..........?

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    • The risk is managed quite well. A typical portfolio will have a loss rate lower than a credit card fee. Risk is managed by the size of the down payment ensuring some equity in the auto in the event of a repo. The collection of these notes is not difficult for the most part.The news keeps getting better and better as they have raised their capacity for growth in a major way. Interest rates are very low on their borrowings and credit risk consumers know they have to pay high interest rates to own a car.

 
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