RESIDUAL INTEREST IN SECURITIZATIONS REVOLVING CREDIT AND TERM LOAN
AGREEMENT dated as of April 30, 1998, by and among Consumer Portfolio Services, Inc., a California
corporation (the "Company"), and State Street Bank and Trust Company as agent and lender ("State Street"),
The Structured Finance High Yield Fund, LLC as lender and The Prudential Insurance Company of America as
lender. Said lenders are sometimes herein collectively referred to as the "Lenders" and each individually a
"Lender". State Street in its capacity as agent for the Lenders hereunder is sometimes herein referred to as the
"Agent". Certain other terms used herein are defined in Section 9.
The Company, the Lenders and the Agent hereby agree as follows:
Section 1. Amount and Terms of the Credit.
1.1 Recitals; Commitments. The Company wishes to establish revolving credits with the Lenders in an aggregate
principal amount at any one time outstanding not in excess of Thirty Three Million Three Hundred Thirty Three
Thousand Three Hundred Thirty Three Dollars ($33,333,333), to expire April 30, 1999, convertible into a term
loan on said date or on such earlier date as may be determined in accordance with Section 8.3 (as applicable, the
"Conversion Date") in an aggregate principal amount not in excess of the Available Line Commitment (as
hereinafter defined) on the Conversion Date.
Each Lender is severally willing to establish such a revolving credit and to make such loans to the Company,
subject to the terms and conditions hereafter set forth, in the following maximum amounts at any one time
outstanding set forth opposite each Lender's name (each of such amounts being hereinafter called each Lender's
"Commitment", and collectively for all of the Lenders the "Total
Commitment") and in the respective percentages set forth opposite each Lender's name which shall be applicable
to such credits and loans hereunder (hereinafter such Lender's "Percentage"):
1.2 Revolving Credit Loans; Borrowing Base; Mechan