COMPUCREDIT CORP
8-K, 2000-01-21
PERSONAL CREDIT INSTITUTIONS
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                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)        JANUARY 18, 2000
                                                 -------------------------------



                             COMPUCREDIT CORPORATION
             (Exact name of registrant as specified in its charter)

GEORGIA                    000-25751               58-2336689
(State or other            (Commission             (IRS Employer
jurisdiction of            File Number)            Identification No.)
incorporation)

ONE RAVINIA DRIVE, SUITE 500, ATLANTA, GEORGIA            30346
(Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code        (770) 206-6200
                                                  -----------------------------




                                 NOT APPLICABLE
- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


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Item 5.  OTHER EVENTS.

         On January 18, 2000, CompuCredit Corporation (the "Company") issued
a press release announcing the filing of a registration statement with the
Securities and Exchange Commission with respect to a follow-on offering by
the Company. The press release is attached hereto as Exhibit 99.1 and is
hereby incorporated by reference into this Report.

Item 7.      FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

        (c)  EXHIBITS.

             99.1     Press release dated January 18, 2000.


                                       2

<PAGE>




                                   SIGNATURES

                  Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                             COMPUCREDIT CORPORATION

                                             Registrant

                                             By:  /s/ BRETT M. SAMSKY
                                                  ------------------------------
                                                  Brett M. Samsky
                                                  Chief Financial Officer

Date:  January 21, 2000


                                       3

<PAGE>


                                  EXHIBIT INDEX

Exhibit

NUMBER            DESCRIPTION

99.1     Press release dated January 18, 2000.



                                       4



<PAGE>

                                  EXHIBIT 99.1

COMPUCREDIT CORPORATION ANNOUNCES FILING OF REGISTRATION STATEMENT FOR FOLLOW-ON
OFFERING

         ATLANTA--(BUSINESS WIRE)--Jan. 18, 2000--CompuCredit Corporation
(NASDAQ: CCRT - news) today announced that it has filed a registration statement
with the Securities and Exchange Commission for a follow-on public offering of
4,000,000 shares of its common stock. All of the shares will be sold by
CompuCredit. CompuCredit and four selling shareholders have granted the
underwriters an option to purchase up to 600,000 additional shares of common
stock to cover over-allotments, if any.

         Donaldson, Lufkin & Jenrette is acting as book-running manager, and
J.P. Morgan & Co. is acting as co-lead manager of the underwriters. Bear,
Stearns & Co. Inc., First Union Securities, Inc., PaineWebber Incorporated
and DLJdirect Inc. are acting as co-managers.

         CompuCredit Corporation is a credit card company that uses
analytical techniques, including sophisticated computer models, to target a
consumer credit market that it believes has been underserved by traditional
grantors of credit. CompuCredit markets Aspire Visa credit cards to these
consumers on an unsecured basis through traditional channels such as direct
mail and telemarketing, as well as through its Internet marketing services
subsidiary, AspireCard.com, Inc. Aspire Visa cards are issued by Columbus
Bank and Trust under an agreement with CompuCredit.

         A registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state.

         Once available, preliminary prospectuses may be obtained from
Donaldson, Lufkin & Jenrette, 277 Park Avenue, New York, New York 10172,
Attention: Prospectus Department.

CONTACT:

     CompuCredit Corporation
     Brett Samsky, 770/206-6200



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