SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K/A

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                        Date of Report: October 16, 2004
                        (Date of earliest event reported)

                        CONSUMER PORTFOLIO SERVICES, INC.
             (Exact name of Registrant as specified in its charter)

       California                     1-14116                    33-0459135
(State of Incorporation)       (Commission File No.)          (I.R.S. Employer
                                                             Identification No.)


         16355 Laguna Canyon Road
         Irvine, California                                        92618
         (Address of Principal Executive Offices)                (Zip Code)

       Registrant's Telephone Number, Including Area Code: (949) 753-6800







This amendment to current report is filed solely to include as an exhibit the
letter referred to in Item 9.01


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

16.1 Letter from KPMG LLP to the Securities and Exchange Commission pursuant to
Item 304(a)(3) of Regulation S-K. (filed herewith).



                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    Consumer Portfolio Services, Inc.

October 25, 2004                    By: /s/ Robert E. Riedl
                                        ----------------------------
                                        Robert E. Riedl,
                                        Sr. Vice President and
                                        Chief Financial Officer





EXHIBIT INDEX

16.1 Letter from KPMG LLP to the Securities and Exchange Commission pursuant to
Item 304(a)(3) of Regulation S-K.

Exhibit 16.1

October 22, 2004

Securities and Exchange Commission
Washington, D.C.  20549

Ladies and Gentlemen:

We are currently principal accountants for Consumer Portfolio Services, Inc.
and, under the date of March 15, 2004, we reported on the consolidated financial
statements of Consumer Portfolio Services, Inc. as of and for the years ended
December 31, 2003 and 2002. On October 16, 2004, we were notified by Consumer
Portfolio Services, Inc. that the auditor-client relationship with KPMG LLP will
cease upon completion of the review of Consumer Portfolio Services, Inc.'s
consolidated financial statements as of and for the three- and nine-month
periods ended September 30, 2004. We have read Consumer Portfolio Services,
Inc.'s statements included under Item 4 of its Form 8-K dated October 21, 2004,
and we agree with such statements, except that we are not in a position to agree
or disagree with Consumer Portfolio Services, Inc.'s statement that the decision
to terminate KPMG LLP was approved by the Audit Committee of the Board of
Directors or the company's statements contained in paragraphs 2 and 3 included
under Item 4.

Very truly yours,


/s/ KPMG LLP


cc:      Thomas L. Chrystie, Chairman of the Audit Committee
         Charles E. Bradley, Jr., President and Chief Executive Officer
         Robert Riedl, Senior Vice President and Chief Financial Officer