CPS application volume jumps 16% from yearend

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LAS VEGAS — Subprime lender Consumer Portfolio Services’ application volume is up nearly 16% compared with yearend 2023 despite a dip in the financier’s approval rate on the heels of credit tightening. The Irvine, Calif.-based lender is receiving about 11,000 applications a day, up approximately 15.8% compared with yearend 2023, President Mike Lavin said Oct. […]…

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