This filing is made pursuant to Rule 424(b)(2)
under the Securities Act of 1933 in connection
with Registration No. 333-121913.
[GRAPHIC OMITTED] CPS
CURRENT INTEREST RATES
This is a supplement to the Prospectus dated May 19, 2005
CURRENT INTEREST RATES FOR RENEWABLE UNSECURED SUBORDINATED NOTES
OFFERED BY CONSUMER PORTFOLIO SERVICES, INC.
INTEREST RATES EFFECTIVE
DECEMBER 31, 2005
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PORTFOLIO
AMOUNT (1) $1,000 - $24,999 $25,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 OR MORE
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Interest Annual Interest Annual Interest Annual Interest Annual Interest Annual
NOTE TERM Rate % Yield % Rate % Yield % Rate % Yield % Rate % Yield % Rate % Yield %
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3 MONTH (2) 5.75 5.92 5.85 6.02 5.95 6.13 6.05 6.24 6.15 6.34
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6 MONTH (2) 6.10 6.29 6.20 6.40 6.30 6.50 6.40 6.61 6.50 6.72
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1 YEAR (3) 6.75 6.98 6.85 7.09 6.95 7.20 7.05 7.30 7.15 7.41
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2 YEAR (3) 7.75 8.06 7.85 8.17 7.95 8.27 8.05 8.38 8.15 8.49
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3 YEAR (3) 8.25 8.60 8.35 8.71 8.45 8.82 8.55 8.93 8.65 9.03
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4 YEAR (3) 8.75 9.14 8.85 9.25 8.95 9.36 9.05 9.47 9.15 9.58
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5 YEAR (3) 9.00 9.42 9.10 9.53 9.20 9.64 9.30 9.74 9.40 9.85
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10 YEAR (3) 9.50 9.96 9.60 10.07 9.70 10.18 9.80 10.29 9.90 10.41
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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 holder's sibling is also a noteholder.
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 May 19, 2005. Investors should rely on the description
of the notes in this supplement if it is inconsistent with the description
in the prospectus.