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 January 10, 2009
|
PORTFOLIO AMOUNT (1) |
$1,000
- $4,999
|
$5,000
- $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
%
|
Interest
Rate
%
|
Annual
Yield
%
|
|
3 Month
(2)
|
5.85
|
6.02
|
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
|
6.60
|
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
|
10.15
|
10.68
|
10.50
|
11.07
|
10.85
|
11.46
|
11.20
|
11.85
|
11.55
|
12.24
|
|
2 Year
(3)
|
9.50
|
9.96
|
11.50
|
12.19
|
11.85
|
12.58
|
12.20
|
12.97
|
12.55
|
13.37
|
12.90
|
13.77
|
|
3 Year
(3)
|
9.95
|
10.46
|
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
|
10.40
|
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
|
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
|
11.20
|
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 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.
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".