Form 8-K

8-K — CONSUMER PORTFOLIO SERVICES, INC.

Accession: 0001683168-26-002775

Filed: 2026-04-09

Period: 2026-04-03

CIK: 0000889609

SIC: 6199 (FINANCE SERVICES)

Item: Entry into a Material Definitive Agreement

Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Item: Financial Statements and Exhibits

Documents

8-K — cps_8k.htm (Primary)

EX-99.1 — NEWS RELEASE (cps_ex9901.htm)

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8-K — CURRENT REPORT

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CONSUMER PORTFOLIO SERVICES, INC. 8-K

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2026-04-03

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)

April 3, 2026

CONSUMER PORTFOLIO SERVICES, INC.

(Exact Name of Registrant as Specified in Charter)

california

1-11416

33-0459135

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

3800 Howard Hughes Pkwy, Suite 1400, Las Vegas, NV 89169

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code

(949) 753-6800

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.

below):

☐ Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value

CPSS

The Nasdaq Stock Market LLC (Global Market)

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange

Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive

Agreement.

The information contained

in Item 2.03 of this report is hereby incorporated by reference into this Item 1.01. The registrant disclaims any implication that the

agreements relating to the transactions described in this report are other than agreements entered into in the ordinary course of its

business.

Warehouse Credit Facility Amended

On April 3, 2026, Consumer

Portfolio Services, Inc. ("CPS" or the "Company") and its wholly-owned subsidiary Page Eleven Funding LLC (the “Borrower”)

amended a revolving credit agreement (the "Credit Agreement") and related agreements with Capital One, N.A., and a Class B Lender

(the “Lenders”), all of which have been in place since October 2025. Loans under the amended Credit Agreement are to be secured

by automobile receivables that CPS now holds or may acquire in the future from dealers, which receivables CPS would then sell or contribute

to the Borrower.

Under the Credit

Agreement, and subject to its terms and conditions, the Lenders have increased the capacity from $167.5 million and agreed to lend

from time to time prior to the funding termination date up to a maximum of $390 million to be outstanding at any time. The amount

that may be advanced under the Credit Agreement is up to 95.5% of the principal amount of eligible pledged receivables. The funding

termination date is October 17, 2027 or earlier upon the occurrence of defined funding termination events. The amounts outstanding

could become due at an earlier date, if any of certain defined events of default were to occur.

Loans under the Credit Agreement

bear interest at a floating rate set as a margin above the secured overnight financing rate.

Affiliates of Capital One,

N.A. have also performed investment banking and advisory services for CPS from time to time, for which they have received customary fees

and expenses.

Item 2.03. Creation of

a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided

in response to item 1.01 is incorporated herein by reference.

Warehouse Credit Facility

CPS first incurred indebtedness

under the revolving credit agreement on October 22, 2025. CPS intends to incur indebtedness from time to time as it acquires motor vehicle

receivables from dealers. CPS does not undertake to provide updates regarding the amount of indebtedness outstanding from time to time,

and no inference should be drawn that such indebtedness has not changed.

Item 9.01. Financial Statements and Exhibits.

Neither financial statements nor pro forma financial

information are filed with this report.

One exhibit is included with this report:

99.1

News release re amendment of credit facility.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange

Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CONSUMER PORTFOLIO SERVICES, INC.

Dated: April 9, 2026

By: /s/ Denesh Bharwani

Denesh Bharwani

Executive Vice President and Chief Financial Officer

Signing on behalf of the registrant

EX-99.1 — NEWS RELEASE

EX-99.1

Filename: cps_ex9901.htm · Sequence: 2

Exhibit 99.1

NEWS RELEASE

CPS ANNOUNCES CREDIT FACILITY CAPACITY INCREASE

LAS VEGAS, Nevada, April 6, 2026 (GlobeNewswire) -- Consumer

Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on April 3, 2026, it amended

its two-year revolving credit agreement with Capital One, N.A. to increase the capacity of the facility. The amendment applies to both

Capital One, N.A. and the subordinate lender, and increases the capacity of the facility from $167.5 million to $390 million.

Loans under the amended credit agreement will continue

to be secured by automobile receivables that CPS now holds or will acquire from dealers in the future. CPS may borrow on a revolving basis

through October 17, 2027, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for

an eighteen-month period.

About Consumer Portfolio Services, Inc.

Consumer Portfolio Services, Inc. is an independent

specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories.

We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and,

to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis through the securitization markets and service

the contracts over their lives.

Forward-looking statements in this news release

include the Company's expectation that the revolving period will extend until the revolving period ends, and that an amortization period

may follow. The revolving credit agreement that was amended on April 3, 2026, provides for both a revolving period and an amortization

period to follow, but it is possible that the Company may suffer certain defaults or events of default that would terminate the revolving

period or result in acceleration of maturity of the credit extended. In general, such defaults or events of default would result from

losses that the Company might incur in the future. In turn, such losses might result from poor performance of receivables acquired or

to be acquired by the Company, from increases in the rate of consumer bankruptcy filings, which could adversely affect the Company’s

rights to collect payments from its portfolio; from changes in government regulations affecting consumer credit; or from adverse economic

conditions, either generally or in geographic areas in which the Company's business is concentrated.

Investor Relations Contact

Danny Bharwani, EVP / Chief Financial Officer

949-753-6811

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