Consumer Portfolio sets note yields up to 8.4%
Rhea-AI Filing Summary
CONSUMER PORTFOLIO SERVICES, INC. (CPSS) updated the interest rates on its Renewable Unsecured Subordinated Notes, effective August 26, 2026. Annual interest rates vary by note term and investor “Portfolio Amount,” ranging from 4.50% for a 3‑month note at $1,000–$24,999 up to 8.40% for a 4‑year note at $100,000 or more. The supplement states that, where inconsistent, these specific rate terms control over the related base prospectus and prior prospectus supplement. The notes are being offered to investors in a defined list of U.S. states, including large markets such as California, Florida, New York, Ohio, Texas and others.
Positive
- None.
Negative
- None.
Key Figures
3 Month rate, $1,000–$24,999: 4.50% annual interest rate
3 Month rate, $100,000 or more: 5.90% annual interest rate
1 Year rate, $1,000–$24,999: 5.50% annual interest rate
+3 more
6 metrics
3 Month rate, $1,000–$24,999
4.50% annual interest rate
Renewable Unsecured Subordinated Notes, effective August 26, 2026
3 Month rate, $100,000 or more
5.90% annual interest rate
Highest Portfolio Amount tier for 3‑month term
1 Year rate, $1,000–$24,999
5.50% annual interest rate
Renewable Unsecured Subordinated Notes, 1‑year term
1 Year rate, $100,000 or more
6.90% annual interest rate
Top Portfolio Amount tier for 1‑year term
4 Year rate, $1,000–$24,999
7.00% annual interest rate
Renewable Unsecured Subordinated Notes, 4‑year term
4 Year rate, $100,000 or more
8.40% annual interest rate
Highest stated rate in the table
Key Terms
Renewable Unsecured Subordinated Notes, prospectus supplement, base prospectus
3 terms
Renewable Unsecured Subordinated Notes financial
"Current Annual Interest Rates for Renewable Unsecured Subordinated Notes Offered"
prospectus supplement regulatory
"interest rate supplement dated August 26, 2026 to the prospectus supplement"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
base prospectus regulatory
"adds to the description of the general terms and provisions in the base prospectus"
A base prospectus is a detailed document that provides essential information about a financial offering, such as a bond or share issue. It acts like a comprehensive guide for investors, explaining what the investment involves, the risks involved, and how the process works. This helps investors make informed decisions before committing their money.
Offering Details
shelf
Offering
Offering Type
shelf
FAQ
What are the new interest rates on CPSS Renewable Unsecured Subordinated Notes effective August 26, 2026?
Effective August 26, 2026, CPSS notes carry annual rates from 4.50% for a 3‑month term at $1,000–$24,999 up to 8.40% for a 4‑year term at $100,000 or more. Rates increase with both longer maturities and larger Portfolio Amount tiers.
How does the Portfolio Amount affect interest rates on CPSS notes?
The filing shows five Portfolio Amount tiers: $1,000–$24,999, $25,000–$49,999, $50,000–$74,999, $75,000–$99,999, and $100,000 or more. For any given note term, the annual interest rate increases as the Portfolio Amount tier rises.
What is the highest interest rate offered on CPSS Renewable Unsecured Subordinated Notes?
The highest stated annual rate is 8.40% for a 4‑year note when the investor’s Portfolio Amount is $100,000 or more. Shorter terms and lower Portfolio Amount tiers carry lower rates according to the table in the supplement.
What is the lowest interest rate available on CPSS notes under this supplement?
The lowest annual rate is 4.50% for a 3‑month Renewable Unsecured Subordinated Note when the Portfolio Amount is between $1,000 and $24,999. Longer terms and higher Portfolio Amount tiers carry higher interest rates.
In which U.S. states are CPSS Renewable Unsecured Subordinated Notes being offered?
The notes are offered in Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Michigan, Minnesota, Mississippi, Missouri, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Vermont, and Wisconsin.
Does this CPSS interest rate supplement override prior prospectus terms?
Yes. The company states that investors should rely on the description of the notes in this interest rate supplement if it is inconsistent with the descriptions in the base prospectus dated November 20, 2023 or the prospectus supplement dated August 26, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
