Consumer Portfolio Services- Irvine, California CPS, Inc., PO BOX 98742, Phoenix, Arisona 85038-0742 Do NOT do business with this company. Brookfield, Missouri

Here is something you need to know about financing.  It does not matter if you are the primary borrower or co-signer, as both are EQUALLY responsible for the loan.  That is the exact purpose of a co-signer, in that you are making a legal agreement that if the primary borrower does not/can not pay you will.  That does not mean that you will do your best to make sure the other party pays, that means that if they don't pay YOU will make the payments.  It does not matter if you are the owner of the vehicle or not, you are on the loan.  If the payments are not made the company can go after both people, but they will tend to go after the person who has a better chance of paying them.

Now, about CPS.  They are a sub-prime lender, and usually a lender of last resort.  That means that they are with CPS because NO other bank would offer them financing.  Unfortunatly while they use very agressive techniques they are legal, because they are considered an Original Creditor. 

As for giving back the vehicle, that does not relieve you of your obligation to the loan.  They will sell the vehicle at auction for a fraction of the value.  You will still be responsible for the balance of the loan.  The only good news is that they will eventually repo the car, and sell the debt to a Collection Agency.  Once that happens the collection agencies are covered under the Fair Debt Collection Practices Act(FDCPA).