Form 8-K

8-K — CONSUMER PORTFOLIO SERVICES, INC.

Accession: 0001683168-26-005511

Filed: 2026-07-14

Period: 2026-07-09

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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0000889609

2026-07-09

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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)

July 9, 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 and Renewed

On July 9, 2026, Consumer Portfolio Services,

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

amended and renewed a revolving credit agreement (the "Credit Agreement") and related agreements, all of which have been in

place since May 2012, and most recently renewed on July 11, 2024. The agent to act on behalf of the several lenders (“Lenders”)

under the Credit Agreement is Citibank, N.A.. Loans under the amended Credit Agreement are to be secured by automobile receivables that

CPS now holds or may purchase from dealers or originate in the future, 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 $335 million and agreed to lend from time to time prior to the

funding termination date up to a maximum of $508 million to be outstanding at any time. The amount that may be advanced under the Credit

Agreement will be up to 96% of the principal amount of eligible pledged receivables. The advance percentage is dependent on characteristics

of the pledged receivables, the terms of future term securitizations executed by CPS, and on performance of receivables purchased by CPS

within the preceding three years, as to which there can be no assurance. The funding termination date is July 17, 2028 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 Citibank, 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 in May 14, 2012. CPS intends to incur indebtedness from time to time as it originates or purchases 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 renewal 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: July 14, 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

RENEWAL AND CAPACITY INCREASE OF CREDIT FACILITY

LAS VEGAS, Nevada, July 9, 2026 (GlobeNewswire) -- Consumer

Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on July 9, 2026, it renewed

its two-year revolving credit agreement with Citibank, N.A. while simultaneously increasing the capacity of the facility. The renewal

and increase apply to both Citibank, N.A. and the subordinate lender, and increases the capacity of the facility from $335 million to

$508 million.

Loans under the renewed credit agreement will

be secured by automobile receivables that CPS now holds or will originate in the future. CPS may borrow on a revolving basis through July

17, 2028, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for a one-year 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 for two years, and that an amortization period may follow.

The revolving credit agreement renewed on July 9, 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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