EXHIBIT 99.1

[CPS LOGO]

      CPS ANNOUNCES $25 MILLION WAREHOUSE CREDIT SUBORDINATED NOTE FACILITY

IRVINE, California, January 16, 2007 - Consumer Portfolio Services, Inc.
(Nasdaq: CPSS) today announced that it has amended and restated one of its $200
million revolving warehouse credit facilities. The terms of the amendment and
restatement allow for a maximum additional principal amount of $25 million to be
borrowed, represented by subordinated variable funding notes payable to two
additional lenders, and an increase in the maximum advance rate from 83% to 93%.

ABOUT CONSUMER PORTFOLIO SERVICES, INC.

Consumer Portfolio Services, Inc. is a specialty finance company engaged in
purchasing and servicing new and used retail automobile contracts originated
primarily by franchised automobile dealerships and to a lesser extent by select
independent dealers of used automobiles in the United States. We serve as an
alternative source of financing for dealers, facilitating sales to sub-prime
customers, who have limited credit history, low income or past credit problems
and who otherwise might not be able to obtain financing from traditional
sources.

INVESTOR CONTACT

Robert E. Riedl
Consumer Portfolio Services
949-753-6800