July 28, 2008


Mail-Stop 4561


Mr. Charles E. Bradley, Jr.
President and Chief Executive Officer
Consumer Portfolio Services, Inc.
16355 Laguna Canyon Road
Irvine, California 92618


Re:	Consumer Portfolio Services, Inc.
	Form 10-K filed March 17, 2008
	Form 10-Q filed April 25, 2008
	File No. 001-14116


Dear Mr. Bradley:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.  After
reviewing this information, we may raise additional comments.

      The purpose of our review process is to assist you in your
compliance with the applicable disclosure requirements and to
enhance
the overall disclosure in your filing.  We look forward to working
with you in these respects.  We welcome any questions you may have
about our comments or any other aspect of our review.  Feel free
to
call us at the telephone numbers listed at the end of this letter.


Form 10-K
Originations, page 3
1. Revise, in future filings, the table on page 4 to disclose the
credit and underwriting criteria for each of the 7 credit
programs.



Management`s Discussion and Analysis
Liquidity and Capital Resources, page 36
2. Revise your disclosure, in future filings, to clarify whether
you
have separate lenders for your two main warehouse facilities.
Also,
identify the warehouse lenders.

Form 10-Q for Quarter Ended March 31, 2008
Purchases of Company Stock, 7
3. Supplementally advise the staff as to the method of purchases
for
the stock acquisitions and whether any officers, directors or
other
affiliates sold shares during the period. If so, provide details
as
to whom, the dates sold, the prices received and whether sold
pursuant to any plan.

Recent Developments
Uncertainty of Capital Markets, page 8
4. Supplementally advise us as to the details of the April, 2008
securitization. In this regard, advise us as to how the
arrangements
described in the second paragraph differ from previous
securitizations insofar as the rate paid and type of debt and the
credit enhancement differences, both at the inception and over the
life of the securitization.
5. Supplementally advise us as to the details of the curtailment
of
purchases referred to in the third paragraph.

Credit Experience
6. Supplementally advise the staff as to why there appears to be a
great swing in the percentage of delinquencies, from $36 million
at
3/31/07, to $101 million at 12/31/07 and then down to $61 million
at
3/31/08. Also, advise us as to the amounts of credit extensions at
3/31/08 compared to the prior period similar to that disclosed on
page 8 of the Form 10-K.

      *			*			*			*
      As appropriate, please amend your filing and respond to
these
comments within 10 business days or tell us when you will provide
us
with a response.  You may wish to provide us with marked copies of
the amendment to expedite our review.  Please furnish a cover
letter
with your amendment that keys your responses to our comments and
provides any requested information.  Detailed cover letters
greatly
facilitate our review.  Please understand that we may have
additional
comments after reviewing your amendment and responses to our
comments.

      We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities Act
of
1933 and that they have provided all information investors require
for an informed investment decision.  Since the company and its
management are in possession of all facts relating to a company`s
disclosure, they are responsible for the accuracy and adequacy of
the
disclosures they have made.

      Notwithstanding our comments, in the event the company
requests
acceleration of the effective date of the pending registration
statement, it should furnish a letter, at the time of such
request,
acknowledging that:

??should the Commission or the staff, acting pursuant to delegated
authority, declare the filing effective, it does not foreclose the
Commission from taking any action with respect to the filing;

??the action of the Commission or the staff, acting pursuant to
delegated authority, in declaring the filing effective, does not
relieve the company from its full responsibility for the adequacy
and
accuracy of the disclosure in the filing; and

??the company may not assert staff comments and the declaration of
effectiveness as a defense in any proceeding initiated by the
Commission or any person under the federal securities laws of the
United States.

            In addition, please be advised that the Division of
Enforcement has access to all information you provide to the staff
of
the Division of Corporation Finance in connection with our review
of
your filing or in response to our comments on your filing.

	Any questions may be directed to Michael Clampitt at (202)
551-
3434 or to me at (202) 551-3419.



							Sincerely,


							Christian Windsor
							Special Counsel
							Financial Services Group







Mr. Charles E. Bradley, Jr.
Consumer Portfolio Services, Inc.
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