Who qualifies for a CPS Inc. auto loan?


Quick Answer

People with past credit problems, low income earners and individuals with a limited credit history qualify for a Consumer Portfolio Services, Inc auto loan, as indicated on the company's website. Founded in 1991, CPS Inc is an independent finance company.

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Full Answer

Those who qualify for the auto loan can create an account on the company's website that helps them manage the auto loan. Customers can make online payments, get payoff quotes, view and print their recent statements, and get mailing instructions using their account, explains Consumer Portfolio Services.

CPS Inc has an auto loan calculator that helps customers estimate the monthly payments they should make on a used or new auto loan. The tool helps customers find a car that they can afford, according to Consumer Portfolio Services.

Once the person qualifies for the auto loan, he gets access to tips on buying a car. The tips come from leading car dealers, such as Edmunds.com, as noted by Consumer Portfolio Services.

CPS Inc purchases contracts from franchised dealers secured by new and used vehicles. The securitization market enables the company to fund the contracts on a long-term basis and service them until they cease to exist, according to Consumer Portfolio Services.

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