SCHEDULE 14A INFORMATION

                  Proxy Statement Pursuant to Section 14(a) of
            the Securities Exchange Act of 1934 (Amendment No.    )

    Filed by the Registrant /X/
    Filed by a Party other than the Registrant / /

    Check the appropriate box:
    / /  Preliminary Proxy Statement
    / /  Confidential, for Use of the Commission Only (as permitted by Rule
         14a-6(e)(2))
    / /  Definitive Proxy Statement
    /x/  Definitive Additional Materials
    / /  Soliciting Material Pursuant to Section240.14a-11(c) or
         Section240.14a-12

                 CONSUMER PORTFOLIO SERVICES, INC.
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                (Name of Registrant as Specified In Its Charter)

- --------------------------------------------------------------------------------
    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

/X/  No fee required.
/ /  Fee computed on table below per Exchange Act Rules 14a-6(i)(1)
     and 0-11.
     (1) Title of each class of securities to which transaction applies:
         -----------------------------------------------------------------------
     (2) Aggregate number of securities to which transaction applies:
         -----------------------------------------------------------------------
     (3) Per unit price or other underlying value of transaction computed
         pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
         filing fee is calculated and state how it was determined):
         -----------------------------------------------------------------------
     (4) Proposed maximum aggregate value of transaction:
         -----------------------------------------------------------------------
     (5) Total fee paid:
         -----------------------------------------------------------------------
/ /  Fee paid previously with preliminary materials.
/ /  Check box if any part of the fee is offset as provided by Exchange Act
     Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
     paid previously. Identify the previous filing by registration statement
     number, or the Form or Schedule and the date of its filing.
     (1) Amount Previously Paid:
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     (2) Form, Schedule or Registration Statement No.:
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     (3) Filing Party:
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     (4) Date Filed:
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                        CONSUMER PORTFOLIO SERVICES, INC.
           THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
       FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 26, 1999

        The undersigned shareholder of CONSUMER PORTFOLIO SERVICES, INC., a
California corporation, hereby acknowledges receipt of the Notice of Annual
Meeting of Shareholders and Proxy Statement with respect to the Annual Meeting
of Shareholders of Consumer Portfolio Services, Inc. to be held at the offices
of said corporation at 16355 Laguna Canyon Road, Irvine, California 92618 on
Wednesday, May 26, 1999, at 10:00 a.m., and hereby appoints Charles E. Bradley,
Jr. and Jeffrey P. Fritz, and each of them, proxies and attorneys-in-fact, each
with power of substitution and revocation, and each with all powers that the
undersigned would possess if personally present, to vote the Consumer Portfolio
Services, Inc. Common Stock of the undersigned at such meeting and any
postponements or adjournments of such meeting, as set forth below, and in their
discretion upon any other business that may properly come before the meeting
(and any such postponements or adjournments).

        THIS PROXY WILL BE VOTED AS SPECIFIED OR, IF NO CHOICE IS SPECIFIED, FOR
THE ELECTION OF THE NOMINEES, FOR PROPOSALS 2 AND 3, AND AS SAID PROXIES DEEM
ADVISABLE ON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING AND ANY
POSTPONEMENTS OR ADJOURNMENTS THEREOF.

              (IMPORTANT - TO BE SIGNED AND DATED ON REVERSE SIDE)






                                                                                                
/x/ Please mark
    votes as in
    this example           Please Detach and Mail in the Envelope Provided

                                                                                                            FOR   AGAINST   ABSTAIN

1. Election of Directors  Nominees:                               2.  To approve issuance of a warrant      / /     / /     / /
   Charles E. Bradley, Sr., Charles E. Bradley, Jr.,                  initially exercisable to purchase
   John G. Poole, Robert A. Simms, William B. Roberts                 1,335,000 shares of common stock,
   and Thomas L. Chrystie                                             granted as a condition to the
                                                                      issuance of $5 million of debt.
   FOR ALL                    WITHHELD
   NOMINEES                   FROM ALL
                              NOMINEES
    /  /                        /  /                              3.  To ratify the appointment of KPMG      / /     / /     / /
                                                                      Peat Marwick LLP as independent
For all nominees except as noted below                                auditors of the Company for the
                                                                      year ending December 31, 1999.

    ----------------------------------                            4.  To transact such other business as may properly come before
                                                                      the meeting or any adjournment(s) thereof.



                                                                                                            MARK HERE FOR    / /
                                                                                                            ADDRESS CHANGE
                                                                                                            AND NOTE AT LEFT

                                                                  PLEASE VOTE, SIGN, DATE AND PROMPTLY RETURN THIS CARD



Signature:_____________________________ Date:_________________Signature:_____________________________ Date:________________ 

 
NOTE: This proxy should be signed by the shareholder(s) exactly as his or her 
      name(s) appear(s) hereon, dated and returned promptly in the enclosed 
      envelope. Persons signing in a fiduciary capacity should so indicate. If 
      shares are held by joint tenants or as community property, both persons 
      should sign.