Exhibit 99.1

CPS                                            NEWS RELEASE
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                    CPS ANNOUNCES $115 MILLION SECURITIZATION

IRVINE, Calif. - May 9, 2007 - Consumer Portfolio Services, Inc. (Nasdaq: CPSS)
("CPS" or the "Company") announced that it closed a term securitization
transaction today, issuing $100.6 million of investment grade notes backed by
automobile receivables originated primarily by CPS and by its subsidiary, The
Finance Company ("TFC").

In the transaction, qualified institutional buyers purchased $100,617,000 of
notes backed by automobile receivables originated by CPS and TFC. Automobile
receivables originated by TFC included those originated since the last similar
deal in December 2005, CPS Auto Receivables Trust 2005-TFC. The notes, issued by
CPS Auto Receivables Trust 2007-TFC, consist of two classes. The ratings of the
notes were provided by Standard & Poor's and Moody's Investors Services and were
based on the structure of the transaction, CPS's experience as a servicer and a
financial guaranty insurance policy issued by XL Capital Assurance Inc.



     

                                         Interest       Average                        Standard &
   Note Class            Amount            Rate          Life           Price        Poor's Rating    Moody's Rating
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       A-1          $32.000 million      5.3624%      0.18 years       100.000            A-1+              P-1
       A-2          $68.617 million      5.2500%      1.92 years       99.98216           AAA               Aaa


The weighted average effective coupon on the notes is approximately 5.25%.

The 2007-TFC transaction has initial credit enhancement consisting of a cash
deposit in the amount of 3.65% of the original receivable pool balance, plus
subordinated interests and overcollateralization of approximately 12.70%. That
enhancement level is to be supplemented by accelerated payment of principal on
the notes to reach a combined level of approximately 21.65% of the
then-outstanding receivable pool balance. These credit enhancement levels are
higher than CPS's first quarter transaction because of the inclusion of the TFC
receivables, which have slightly higher loss characteristics than the Company's
core business.

The transaction utilized a pre-funding structure, in which CPS sold
approximately $79.1 million of receivables today and plans to sell approximately
$36.2 million of additional receivables during June 2007. In addition to this
transaction, CPS also plans to complete its regular quarterly term
securitization in June.

The transaction was a private offering of securities, not registered under the
Securities Act of 1933, or any state securities law. All of such securities
having been sold, this announcement of their sale appears as a matter of record
only.

ABOUT CONSUMER PORTFOLIO SERVICES, INC.

Consumer Portfolio Services, Inc. is a specialty finance company engaged in
purchasing and servicing new and used retail automobile contracts originated
primarily by franchised automobile dealerships and to a lesser extent by select
independent dealers of used automobiles in the United States. We serve as an
alternative source of financing for dealers, facilitating sales to sub-prime
customers, who have limited credit history, low income or past credit problems
and who otherwise might not be able to obtain financing from traditional
sources.

INVESTOR CONTACT

Robert E. Riedl
Consumer Portfolio Services
949-753-6800