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 August 2, 2008
|
PORTFOLIO
AMOUNT
(1)
|
$1,000
- $24,999
|
$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
%
|
Interest
Rate
%
|
Annual
Yield
%
|
|
3
Month
(2)
|
5.85
|
6.02
|
6.20
|
6.40
|
6.55
|
6.77
|
6.90
|
7.14
|
7.25
|
7.52
|
|
6
Month (2)
|
6.60
|
6.82
|
6.95
|
7.20
|
7.30
|
7.57
|
7.65
|
7.95
|
8.00
|
8.33
|
|
1
Year (3)
|
8.35
|
8.71
|
8.70
|
9.09
|
9.05
|
9.47
|
9.40
|
9.85
|
9.75
|
10.24
|
|
2
Year (3)
|
9.50
|
9.96
|
9.85
|
10.35
|
10.20
|
10.74
|
10.55
|
11.12
|
10.90
|
11.51
|
|
3
Year
(3)
|
9.95
|
10.46
|
10.30
|
10.85
|
10.65
|
11.24
|
11.00
|
11.63
|
11.35
|
12.02
|
|
4
Year
(3)
|
10.40
|
10.96
|
10.75
|
11.35
|
11.10
|
11.74
|
11.45
|
12.13
|
11.80
|
12.52
|
|
5
Year (3)
|
10.80
|
11.40
|
11.15
|
11.79
|
11.50
|
12.19
|
11.85
|
12.58
|
12.20
|
12.97
|
|
10
Year
(3)
|
11.20
|
11.85
|
11.55
|
12.24
|
11.90
|
12.63
|
12.25
|
13.03
|
12.60
|
13.43
|
| 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 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.
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".