This
filing is made pursuant to Rule 424(b)(2) under the
Securities Act of
1933 in
connection with Registration No. 333-121913.
Current
Interest Rates
This is a
supplement to the Prospectus dated April 27, 2006
Current
Interest Rates for Renewable Unsecured Subordinated Notes
Offered
by Consumer Portfolio Services, Inc.
Interest
Rates Effective From October 11, 2008 Through November 28, 2008
|
PORTFOLIO
AMOUNT
|
$1,000-$4,999
|
$5,000-$9,999
|
$10,000-$14,999
|
$15,000-$24,999
|
||||
|
NOTE
TERM
|
Interest
Rate %
|
Annual
Yield %
|
Interest
Rate %
|
Annual
Yield %
|
Interest
Rate %
|
Annual
Yield %
|
Interest
Rate %
|
Annual
Yield %
|
|
3 Month
(2)
|
5.85
|
6.02
|
5.85
|
6.02
|
5.85
|
6.02
|
5.85
|
6.02
|
|
6 Month
(2)
|
6.60
|
6.82
|
6.60
|
6.82
|
6.60
|
6.82
|
6.60
|
6.82
|
|
1 Year
(3)
|
8.35
|
8.71
|
9.25
|
9.69
|
10.15
|
10.68
|
11.05
|
11.68
|
|
2 Year
(3)
|
9.50
|
9.96
|
10.50
|
11.07
|
11.50
|
12.19
|
12.50
|
13.31
|
|
3 Year
(3)
|
9.95
|
10.46
|
11.05
|
11.68
|
12.15
|
12.92
|
13.25
|
14.17
|
|
4 Year
(3)
|
10.40
|
10.96
|
11.60
|
12.30
|
12.80
|
13.65
|
14.00
|
15.02
|
|
5 Year
(3)
|
10.80
|
11.40
|
10.80
|
11.40
|
10.80
|
11.40
|
10.80
|
11.40
|
|
10 Year
(3)
|
11.20
|
11.85
|
11.20
|
11.85
|
11.20
|
11.85
|
11.20
|
11.85
|
|
PORTFOLIO
AMOUNT
|
$25,000-$49,999
|
$50,000-$74,999
|
$75,000-$99,999
|
$100,000
or More
|
||||
|
NOTE
TERM
|
Interest
Rate %
|
Annual
Yield %
|
Interest
Rate %
|
Annual
Yield %
|
Interest
Rate %
|
Annual
Yield %
|
Interest
Rate %
|
Annual
Yield %
|
|
3 Month
(2)
|
6.20
|
6.40
|
6.55
|
6.77
|
6.90
|
7.14
|
7.15
|
7.41
|
|
6 Month
(2)
|
6.95
|
7.20
|
7.30
|
7.57
|
7.65
|
7.95
|
7.90
|
8.22
|
|
1 Year
(3)
|
11.40
|
12.07
|
11.75
|
12.47
|
12.10
|
12.86
|
12.35
|
13.14
|
|
2 Year
(3)
|
12.85
|
13.71
|
13.20
|
14.11
|
13.55
|
14.51
|
13.80
|
14.79
|
|
3 Year
(3)
|
13.60
|
14.57
|
13.95
|
14.97
|
14.30
|
15.37
|
14.55
|
15.66
|
|
4 Year
(3)
|
14.35
|
15.43
|
14.70
|
15.83
|
15.05
|
16.24
|
15.30
|
16.53
|
|
5 Year
(3)
|
11.15
|
11.79
|
11.50
|
12.19
|
11.85
|
12.58
|
12.10
|
12.86
|
|
10 Year
(3)
|
11.55
|
12.24
|
11.90
|
12.63
|
12.25
|
13.03
|
12.50
|
13.31
|
1) 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 note holder's sibling is also a note holder.
2) The annual yield calculation assumes
that:
a. the term of the note is renewed
sequentially for an entire year,
b. the interest earned during each term is
included in the principal amount for the next term,
c. the listed interest rate is the
interest rate for each term, and
d. the accrued interest is paid annually.
More frequent interest payments will reduce your annual
yield.
3) The annual yield calculation assumes
that accrued interest is paid annually. More frequent interest payments will
reduce your annual yield.
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.
|
Interest
rates for notes purchased or renewed after November 28, 2008 are subject
to change.
|
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 the 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".