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Consumer Portfolio Services F+ Rating
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Consumer Portfolio Services has a false rating on a BBB report which has been generated by bogus individuals referred to BBB by CPS. CPS initially had a rating of F+ because of illegal credit collection and reporting activities. The company is the snake
in the grass, which has eluded IRS, Consumer Protection Agency and the Attorney General, by approving customers who are struggling to make ends meet. These customers can do little to hire an attorney or protect themselves. CPS is not a company that is trustworthy
and the investors should heed warning in that one day they will be caught and all involved will be held accountable. Do not underestimate the American public. CPS as it stands has a lock hold in portraying themselves as a fair, honest lender and convincing
its investors that the consumer is a abuser of the lending system. The consumer is a victim of circumstance who has been caught in a snare, through needing a vehicle to get to a place of employment, and in most cases, pubic transportation is not available.
The victim (consumer) is caught into a spider web of doubt, hopelessness and a feeling of remorse in having to be involved with this company. CPS badgers the consumer through false credit reporting, illegal credit collection practices and in most cases CPS
has created a past due amount by claiming they had never received a payment. Its an intentional ploy to get the full amount rather than continue with the loan. CPS knows that they have a captive (consumer) and CPS trains its collectors to badger, abuse and
how to effectively persuade the consumer to pay more in interest and the worth of the car. I encourage investors, IRS and the Consumer Protection Agency to close down CPS and repair the damage that they have created with the Consumer.
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