Chitwood Harley Harnes LLP (“Chitwood”) announces that a class action lawsuit has been filed against CompuCredit Corporation (“CompuCredit” or the “Company”) (Nasdaq: CCRT) and various individuals on behalf of purchasers of CompuCredit common stock (the “Class”) during the period of November 6, 2006 and June 9, 2008, inclusive (the “Class Period”). The case, filed in the United States District Court for the Northern District of Georgia, alleges that CompuCredit and certain of its officers and directors violated the Securities Exchange Act of 1934.

A copy of the complaint is available on Chitwood’s website, www.chitwoodlaw.com.

If you purchased the securities of CompuCredit during the Class Period, you may move the Court and request that the Court appoint you as lead plaintiff. Not later than sixty (60) days after the date on which the first notice was published, any member of the purported class may move the Court to serve as lead plaintiff of the purported class. The date on which the first notice was published was July 14, 2008.

If you have questions about this case or your rights as a class member or wish to submit your transaction information to our firm for evaluation, you may contact us by going to our website and clicking on CompuCredit. You may also contact Katie King or Ze'eva Banks directly by e-mailing Ms. King at kking@chitwoodlaw.com or Ms. Banks at zbanks@chitwoodlaw.com, or calling 1-888-873-3999.

CompuCredit provides credit and related financial services and products to what it refers to as “underserved” and “un-banked” consumers. The complaint specifically alleges Defendants issued materially false and misleading statements regarding the Company’s business and financial results. As a result of CompuCredit’s false statements, its stock traded at artificially inflated prices during the Class Period, reaching its Class Period high of $40.61 per share in December 2006.

Additionally, on June 10, 2008, The Wall Street Journal reported that federal regulators were expected to seek more than $100 million dollars in fines and restitution against CompuCredit related to credit-card marketing and debt-collection practices.