This
filing is made pursuant to Rule 424(b)(2) under the Securities Act of
1933
in
connection with Registration No. 333-121913.
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Current
Interest Rates
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This
is a supplement to the Prospectus dated April 27, 2006
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Current
Interest Rates for Renewable Unsecured Subordinated
Notes
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Offered
by Consumer Portfolio Services, Inc.
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Interest
Rates Effective From September 1, 2008 Through October 10,
2008
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PORTFOLIO
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AMOUNT
(1)
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$1,000
- $4,999
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$5,000
- $9,999
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$10,000
- $14,999
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$15,000
- $24,999
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Interest
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Annual
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Interest
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Annual
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Interest
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Annual
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Interest
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Annual
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NOTE
TERM
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Rate
%
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Yield
%
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Rate
%
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Yield
%
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Rate
%
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Yield
%
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Rate
%
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Yield
%
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3
Month
(2)
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5.85
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6.02
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5.85
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6.02
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5.85
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6.02
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5.85
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6.02
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6
Month (2)
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6.60
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6.82
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6.60
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6.82
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6.60
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6.82
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6.60
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6.82
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1
Year (3)
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8.35
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8.71
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9.15
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9.58
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9.85
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10.35
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10.45
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11.01
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2
Year (3)
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9.50
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9.96
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10.40
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10.96
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11.20
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11.85
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11.90
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12.63
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3
Year
(3)
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9.95
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10.46
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10.95
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11.57
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11.85
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12.58
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12.65
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13.48
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4
Year (3)
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10.40
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10.96
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10.40
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10.96
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10.40
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10.96
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10.40
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10.96
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5
Year (3)
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10.80
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11.40
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10.80
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11.40
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10.80
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11.40
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10.80
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11.40
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10
Year
(3)
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11.20
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11.85
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11.20
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11.85
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11.20
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11.85
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11.20
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11.85
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PORTFOLIO
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AMOUNT
(1)
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$25,000
- $49,999
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$50,000
- $74,999
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$75,000
- $99,999
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$100,000
or More
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Interest
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Annual
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Interest
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Annual
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Interest
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Annual
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Interest
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Annual
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NOTE
TERM
|
Rate
%
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Yield
%
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Rate
%
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Yield
%
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Rate
%
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Yield
%
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Rate
%
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Yield
%
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3
Month
(2)
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6.20
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6.40
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6.55
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6.77
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6.90
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7.14
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7.15
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7.41
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6
Month (2)
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6.95
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7.20
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7.30
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7.57
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7.65
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7.95
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7.90
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8.22
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1
Year (3)
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10.80
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11.40
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11.15
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11.79
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11.50
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12.19
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11.75
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12.47
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2
Year (3)
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12.25
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13.03
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12.60
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13.43
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12.95
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13.82
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13.20
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14.11
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3
Year
(3)
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13.00
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13.88
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13.35
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14.28
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13.70
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14.68
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13.95
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14.97
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4
Year
(3)
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10.75
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11.35
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11.10
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11.74
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11.45
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12.13
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11.70
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12.41
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5
Year (3)
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11.15
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11.79
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11.50
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12.19
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11.85
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12.58
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12.10
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12.86
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10
Year (3)
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11.55
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12.24
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11.90
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12.63
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12.25
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13.03
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12.50
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13.31
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1)
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We
determine the applicable portfolio amount at the time you purchase
or
renew a note by aggregating the principal amount of all notes issued
by
Consumer Portfolio Services, Inc. that are currently owned by you
and your
immediate family members. Immediate family members include parents,
children, siblings, grandparents and grandchildren. Members of a
sibling's
family are also considered immediate family members if the holder's
sibling is also a note holder.
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2)
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The
annual yield calculation assumes
that:
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| a. |
the term of the note is renewed
sequentially
for an entire year,
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| b. |
the interest earned during each
term is
included in the principal amount for the next term,
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| c. |
the listed interest rate is the
interest rate
for each term, and
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| d. | the accrued interest is paid annually. More frequent interest payments will reduce your annual yield. |
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3)
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The
annual yield calculation assumes that accrued interest is paid annually.
More frequent interest payments will reduce your annual
yield.
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The
description in this prospectus supplement of the terms of these notes adds
to
the description of the general terms and provisions of the notes in the
prospectus dated April 27, 2006. Investors should rely on the description of
the
notes in this supplement if it is inconsistent with the description in the
prospectus.
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Interest
rates for notes purchased or renewed after October 10, 2008 are
subject to
change.
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IMPORTANT
NOTICE: On June 30, 2008, Consumer Portfolio Services, Inc. executed a financing
agreement with Levine Leichtman Capital Partners that effectively prohibits
the
Company from redeeming any notes prior to their maturity dates, as originally
stated or as extended upon renewal, except upon the death or total permanent
disability of the note holder. As always, the company will continue to redeem
notes at maturity upon there request
of the note holder and prior to maturity upon the death or total
permanent disability of the note holder. Only redemptions prior to maturity
for
reasons other than the death or total permanent disability of the note holder
are prohibited. For more details about note redemptions please read the sections
of the prospectus entitled "Renewal or Redemption On Maturity" and "Redemption
or Repurchase Prior To Stated Maturity".