SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON DC 20549

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                                    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)  November 15, 2005

                        CONSUMER PORTFOLIO SERVICES, INC.
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               (Exact Name of Registrant as Specified in Charter)

         CALIFORNIA                  001-14116                  33-0459135
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(State or Other Jurisdiction        (Commission               (IRS Employer
     of Incorporation)              File Number)            Identification No.)

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

        Registrant's telephone number, including area code (949) 753-6800

                                 Not Applicable
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          (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))





ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On November 15, 2005, the registrant, Consumer Portfolio Services, Inc. ("CPS")
and its wholly owned subsidiary Page Three Funding LLC ("Borrower") entered into
agreements with Bear, Stearns International Limited ("Note Purchaser") and
others that collectively constitute a revolving warehouse credit facility. Under
this facility, CPS intends to sell eligible receivables to the Borrower, which
in turn intends to pledge the receivables as collateral for borrowings from the
Note Purchaser. The amount that may be borrowed will be up to 80% of the
principal amount of the pledged receivables, subject to an overall maximum of
$150 million, and the interest rate payable is 200 basis points over 30-day
LIBOR. The facility is to expire by its terms on November 14, 2006.

CPS disclaims any implication that such agreements are other than agreements
entered into in the ordinary course of CPS's business.



 ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

Neither financial statements nor pro forma financial information are filed with
this report. No exhibits are filed with this report.



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                                   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: November 18, 2005             By: /s/ ROBERT E. RIEDL
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                                         Robert E. Riedl
                                         Sr. Vice President and Chief
                                         Financial Officer

                                         Signing on behalf of the registrant
                                         and as principal financial officer


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