<SEC-DOCUMENT>0001019687-15-002559.txt : 20150924
<SEC-HEADER>0001019687-15-002559.hdr.sgml : 20150924
<ACCEPTANCE-DATETIME>20150626204102
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ACCESSION NUMBER:		0001019687-15-002559
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20150626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSUMER PORTFOLIO SERVICES INC
		CENTRAL INDEX KEY:			0000889609
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				330459135
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		19500 JAMBOREE ROAD
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92612
		BUSINESS PHONE:		9497536800

	MAIL ADDRESS:	
		STREET 1:		19500 JAMBOREE ROAD
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92612
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">VIA EDGAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">June 26, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">US Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Re: Consumer Portfolio Services, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Amendment No. 1 to Form S-3 Registration Statement</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Filed June 26, 2015</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">File No. 333-204492</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ladies and gentlemen</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We have filed today an amendment of our registration statement,
file number 333-204492, originally filed May 28, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We believe this amendment is responsive to the comments of the Staff
contained in the letter of Era Anagnosti (transmitted by Jonathan Gottlieb) dated June 12, 2015, and that the amended registration
statement is otherwise compliant in all respects with the law and the rules of the Commission. We reproduce and discuss below the
two Staff comments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><I>Selling Shareholders, page 3 </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><I>1. Please revise the disclosure in the first paragraph
to identify the &ldquo;private transactions&rdquo; in which the securities being offered by the selling shareholders were sold.
Please refer to Rule 430B(b)(2)(iii) under the Securities Act of 1933, as amended. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">We have added language on page 3 to identify the transactions
in which outstanding securities were issued. There were three such transactions, separately completed in 1991, 1995 and 2008.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in"><I>2. Based on your disclosure in the second paragraph,
it appears that you are also registering for resale warrants, not just the common stock underlying the warrants. Please explain,
or otherwise, revise the appropriate sections of the prospectus, including the prospectus cover page, to reflect the resale registration
of warrants. Further revise your disclosure to identify the initial offering transaction(s) in which you sold the warrants to the
selling shareholders. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">We had intended to register the resale of outstanding
warrants. On further consideration, we can think of no reason why the sale of the warrants should be preferable to sale of the
underlying shares. Accordingly, we have revised the registration statement to refer only to sales of such shares. The amended registration
statement thus will register only the sales of such shares, and not sales of the warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">We have identified the transaction in which we sold
the warrants: it is the year 2008 transaction mentioned above.</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We acknowledge and understand that we are responsible for the adequacy
and accuracy of the disclosures in our filings; that the staff&rsquo;s comments or changes to disclosure in response to staff comments
do not foreclose the Commission from taking any action with respect to the filing; and that we may not assert staff comments as
a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><U>/s/ Mark Creatura</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Mark Creatura</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Senior Vice President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Consumer Portfolio Services, Inc.</P>



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