Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  CITIGROUP INC
2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2010
3. Issuer Name and Ticker or Trading Symbol
CONSUMER PORTFOLIO SERVICES INC [CPSS]
(Last)
(First)
(Middle)
399 PARK AVENUE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10043
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants 07/10/2008 07/10/2018 Common Stock 2,000,000 $ 0 (1) I By Subsidiary (2)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CITIGROUP INC
399 PARK AVENUE
NEW YORK, NY 10043
    X    
CITIGROUP GLOBAL MARKETS HOLDINGS INC
388 GREENWICH STREET
NEW YORK, NY 10013
    X    
CITIGROUP FINANCIAL PRODUCTS INC
388 GREENWICH STREET
NEW YORK, NY 10013
    X    

Signatures

Citigroup Inc., By: /s/ Douglas Turnbull, Assistant Secretary 05/25/2010
**Signature of Reporting Person Date

Citigroup Global Markets Holdings Inc., By: /s/ Douglas Turnbull, Assistant Secretary 05/25/2010
**Signature of Reporting Person Date

Citigroup Financial Products Inc., By: /s/ Douglas Turnbull, Assistant Secretary 05/25/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The exercise price of the warrant securities ("Warrants") is $0.00001 per share of common stock.
(2) The Warrants reported herein are beneficially owned by Citigroup Financial Products Inc. ("CFP"). Citigroup Global Markets Holdings Inc. ("CGM Holdings") is the sole stockholder of CFP. Citigroup Inc. ("Citigroup") is the sole stockholder of CGM Holdings. CGM Holdings and Citigroup disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interests therein.
 
Remarks:
Although the Reporting Persons previously filed a Form 4 on March 11, 2010, indicating they were no longer the beneficial owners of more than 10% of the Issuer's securities ("10% Owners"), solely as a result of a decrease in the total amount of outstanding common stock of the Issuer, the Reporting Persons are presently 10% Owners.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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