CompuCredit Expands Into New Corporate Office, Adds Operations Center to Meet Dynamic Cardholder Growth.

ATLANTA--(BUSINESS WIRE)--Aug. 27, 1999--

In less than three years, CompuCredit Corporation (Nasdaq:CCRT) has grown from four employees and 15,000 Aspire(R) VISA(R) cardholders to more than 160 employees in three locations around Atlanta and more than 800,000 cardholders. To accommodate that growth the Company has moved into a new corporate office at Ravinia and opened an additional operations center in Duluth.

"We continue to add 20,000 to 25,000 new Aspire(R) Visa(R) cardholders to our client list each week, making CompuCredit one of the top 10 credit card issuers in terms of net new account growth," said Rick Gilbert, CompuCredit's Chief Operating Officer. "These office expansions will allow us to maintain the high level of service our clients have come to expect, while continuing to absorb current growth."

The 25,000 square foot corporate office, located at One Ravinia Drive, houses CompuCredit's senior management and administrative services, as well as the company's technology center and marketing and quantitative analysis divisions. Also housed at this location is the Company's recently launched internet credit card subsidiary, AspireCard.com., Inc. Gilbert said the www.Aspirecard.com web site was "continuing to develop as an exciting marketing channel and a solid complement to CompuCredit's more traditional direct marketing approach."

Through the AspireCard.com web site consumers may apply for Aspire VISA credit cards on-line and receive a real time decision within seconds.

The new operations center, located at Satellite Place in Duluth, GA, consists of 15,000 square feet and will supplement an existing 13,000 square foot operations center located at Powers Ferry Landing in Atlanta. The combined operations centers house CompuCredit's client advisory services, correspondence and collection units.

CompuCredit Corporation is a credit card company that uses technology based analytical techniques it has developed to identify credit-worthy consumers who it believes are not currently being served by more traditional consumer credit providers. CompuCredit markets Aspire(R) Visa(R) credit cards to these consumers on an unsecured basis. CompuCredit also markets life insurance, card registration, telecommunication products, membership in buying clubs, travel services and debt waiver programs to its cardholders. Aspire Visa cards are issued by Columbus Bank and Trust under an agreement with CompuCredit. CompuCredit completed its initial public offering in April 1999. CompuCredit was included in the Russell 2000(R) Index in July of this year.

This press release includes statements concerning our operations, prospects, strategies, financial condition, future economic performance and consumer demand for our products, as well as our intentions, plans and objectives that are forward-looking statements within the meaning of the federal securities laws and are intended to have the benefit of the federal safe harbor for forward-looking statements. CompuCredit can give no assurance that its plans or expectations, as reflected in these forward-looking statements will be achieved. These forward-looking statements are subject to various assumptions, risks, trends, uncertainties and other factors that could cause actual results to differ materially from those that are currently planned or expected. These factors include the risks set forth under the caption "Risk Factors" in CompuCredit's prospectus dated April 22, 1999 on file with the Securities and Exchange Commission. Moreover, as a consequence of those or other factors, CompuCredit's plans or expectations may change. CompuCredit undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.