FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Bharwani Denesh 2. Date of Event Requiring Statement (Month/Day/Year) 04/06/2016 3. Issuer Name and Ticker or Trading Symbol CONSUMER PORTFOLIO SERVICES INC [CPSS] (Last) (First) (Middle) 19500 JAMBOREE ROAD 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. Vice President 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) IRVINE, CA 92612 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock, no par value 95,500 D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee stock option (right to buy)	  (1)	05/07/2023	Common stock no par	30,000	$ 7.97	D	Â
Employee stock option (right to buy)	  (1)	02/01/2023	Common stock no par	25,000	$ 6.86	D	Â
Employee stock option (right to buy)	  (1)	07/16/2022	Common stock no par	7,000	$ 1.94	D	Â
Employee stock option (right to buy)	  (2)	05/19/2022	Common stock no par	30,000	$ 6.11	D	Â
Employee stock option (right to buy)	  (1)	04/03/2022	Common stock no par	18,000	$ 1.2	D	Â
Employee stock option (right to buy)	05/23/2012	11/23/2021	Common stock no par	2,500	$ 1.5	D	Â
Employee stock option (right to buy)	05/23/2012	11/23/2021	Common stock no par	2,500	$ 1.5	D	Â
Employee stock option (right to buy)	  (2)	07/28/2021	Common stock no par	30,000	$ 6.59	D	Â
Employee stock option (right to buy)	  (1)	06/03/2021	Common stock no par	25,000	$ 1.03	D	Â
Employee stock option (right to buy)	  (1)	04/27/2020	Common stock no par	12,000	$ 1.81	D	Â
Employee stock option (right to buy)	  (1)	05/13/2019	Common stock no par	6,000	$ 0.77	D	Â
Employee stock option (right to buy)	  (3)	01/30/2018	Common stock no par	10,000	$ 1.5	D	Â
Employee stock option (right to buy)	  (3)	07/30/2017	Common stock no par	10,000	$ 1.5	D	Â
Employee stock option (right to buy)	  (4)	02/27/2017	Common stock no par	5,000	$ 1.5	D	Â
Employee stock option (right to buy)	  (5)	10/25/2016	Common stock no par	20,000	$ 1.5	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Bharwani Denesh 19500 JAMBOREE ROAD IRVINE, CA 92612	Â	Â	  Sr. Vice President	Â

Signatures

/s/ Denesh Bharwani		04/18/2016
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Becomes or became exercisable in increments of 20% on the dates that are 9 years, 8 years, 7 years, 6 years and 5 years prior, respectively, to the expiration date.
(2)	Becomes or became exercisable in increments of 25% on the dates that are 6 years, 5 years, 4 years and 3 years prior, respectively, to the expiration date.
(3)	Becomes or became exercisable as to 40% of the total on June 10, 2010, and as to increments of 20% of the total on the dates that are 7 years, 6 years and 5 years prior, respectively, to the expiration date.
(4)	Becomes or became exercisable as to 60% of the total on June 10, 2010, and as to increments of 20% of the total on the dates that are 6 years and 5 years prior, respectively, to the expiration date.
(5)	Becomes or became exercisable as to 80% of the total on June 10, 2010, and as to the remaining increment of 20% of the total on December 30, 2010.

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