Exhibit 99.1

IRVINE, Calif.--(BUSINESS WIRE)--April 6, 2004--Consumer Portfolio Services,
Inc. (Nasdaq: CPSS) today announced it acquired on Friday, April 2, 2004
automotive receivables and other assets of SeaWest Financial Corporation. The
aggregate purchase price was approximately $63.2 million, which was funded with
the proceeds of an acquisition financing facility and cash on the Company's
balance sheet.

In three asset purchase transactions, the Company acquired portfolios of
automobile receivables and certain fixed assets of SeaWest Financial. In
addition, the Company has been appointed the successor servicer on three
separate term securitization transactions originally sponsored by SeaWest
Financial. As a result of the transactions, the Company's total managed
portfolio will increase by approximately $175 million to approximately $910
million.

"We are pleased with this transaction as it will be immediately accretive to
earnings," said Charles E. Bradley, President and Chief Executive Officer. "This
is our third acquisition in the last three years and should allow us to build on
the successes of the two previous transactions. It will also allow us to further
leverage our operating infrastructure. We will continue to explore additional
acquisition opportunities when they are economically attractive to us."
Separately, the Company announced that it has renewed its $125 million revolving
warehouse credit facility for a 364-day term. The renewed facility now extends
through April 1, 2005.

About Consumer Portfolio Services, Inc.

Consumer Portfolio Services, Inc. is a consumer finance company that specializes
in purchasing, selling and servicing retail automobile installment sale
contracts originated by automobile dealers located throughout the United States.
The Company is currently active in 38 states. Through its purchase of contracts,
the Company provides indirect financing to car dealer customers with limited
credit histories, low incomes or past credit problems, who generally would not
be expected to qualify for financing provided by banks or by automobile
manufacturers' captive finance companies.

Forward-looking statements in this news release include the statements that the
transaction will cause the Company's earnings to increase immediately and that
it will enable the Company to leverage its operating infrastructure. The
expected increase in earnings is dependent on the performance of the acquired
portfolios of receivables, on the performance of the receivables that the
Company has been appointed to service (due to an incentive servicing fee) and on
the ability of the Company successfully to integrate servicing of the acquired
portfolios into its existing servicing operations. The performance of such
receivables may be adversely affected by various factors, which include the
following factors relating to integration of servicing (all of which also bear
on whether the Company will successfully leverage its operating infrastructure):
possible data incompatibilities, possible obligor resistance to changes in
payment arrangements, and possible defects in the documents evidencing the
acquired receivables. Performance of such receivables may also be adversely
affected by any or all of the following factors related to performance of
receivables generally: possible increased delinquencies, repossessions and
losses on retail installment contracts; possible unavailability of qualified
personnel, which could adversely affect the company's ability to service its
portfolio; possible increases in the rate of consumer bankruptcy filings or
changes in bankruptcy law, which could adversely affect the company's rights to
collect payments from its portfolio; other changes in government regulations
affecting consumer credit; possible declines in the market price for used
vehicles, which could adversely affect the company's realization upon
repossessed vehicles; and economic conditions in geographic areas in which the
company's business is concentrated.

    CONTACT: Investors:
             Consumer Portfolio Services
             Charles E. Bradley, 949-753-6800
                          or
             Sloane & Company
             Monica Huang, 212-446-1874
                          or
             Media:
             Sloane & Company
             Whit Clay, 212-446-1864

    SOURCE: Consumer Portfolio Services, Inc.