Prospectus Supplement (to Prospectus dated September 20, 2005) Filed Pursuant to Rule 424(b)(7) File No. 333-127418

$250,000,000

COMPUCREDIT CORPORATION

3.625% Convertible Senior Notes due 2025

and

Shares of Common Stock Issuable Upon Conversion of the Notes

This prospectus supplement supplements our prospectus dated September 20, 2005 and the prior prospectus supplements dated December 5, 2005, January 6, 2006, March 21, 2006, April 14, 2006, April 28, 2006 and May 15, 2006 relating to the offer and sale from time to time by certain of our securityholders of up to $250,000,000 aggregate principal amount of our 3.625% Convertible Senior Notes due 2025 and the shares of our common stock issuable upon conversion of the notes. The terms of the notes are set forth in the prospectus dated September 20, 2005.

This prospectus supplement should be read in conjunction with, and may not be delivered or utilized without, the prospectus and the prior prospectus supplements. This prospectus supplement is qualified by reference to the prospectus and the prior prospectus supplements, except to the extent that the information in this prospectus supplement supersedes the information contained in the prospectus and the prior prospectus supplements.

SELLING SECURITYHOLDERS

The table below supplements the table of selling securityholders contained in the “Selling Securityholders” sections of the prospectus and the prior prospectus supplements. Where the name of a selling securityholder identified in the table below also appears in a table in the prospectus or a prior prospectus supplement, the information set forth in the table below regarding that selling securityholder supersedes the information set forth in the prospectus and the prior prospectus supplements.

The following table is based solely on information provided by the selling securityholders. This information represents the most current information provided to us by the selling securityholders. The table below and the tables in the prospectus and the prior prospectus supplements may not reflect the exact principal amount of notes or number of shares of our common stock beneficially owned by the selling securityholders identified in the table because, since the date on which they provided the information regarding their ownership of those securities in the table, those securityholders may have acquired additional notes or shares of common stock issuable upon conversion of the notes or those securityholders may have sold, transferred or otherwise disposed of all or a portion of those securities. However, no selling securityholder may use the prospectus, as supplemented by this prospectus supplement, to offer or sell an aggregate principal amount of notes or a number of shares of common stock issuable upon conversion of the notes that exceeds the amount or number indicated with respect to that securityholder in the table below.

Selling Securityholder	Amount of Notes Beneficially Owned ($)		Percentage of Notes Beneficially Owned	Amount of Notes To Be Sold ($)		Number of Shares of Common Stock Beneficially Owned(1)(2)	Number of Shares of Common Stock That May Be Sold(2)	Number of Shares of Common Stock Upon Completion of the Offering(3)
The Animi Master Fund, Ltd.	$	7,500,000	3.0%	$	7,500,000	172,731	172,731	0
Whitebox Diversified Convertible Arbitrage Partners LP		2,000,000	*		2,000,000	46,061	46,061	0

* Less than 1%.

(1) Includes shares of common stock issuable upon conversion of the notes.

(2) The number of shares of our common stock issuable upon conversion of the notes is calculated assuming (i) that the notes are worth $500,000,000 at the time of conversion, with the $250,000,000 principal amount paid in cash and the remaining $250,000,000 paid in shares of our common stock and (ii) the conversion of the full amount of notes held by such holder at the initial conversion price of $43.42, which equals a conversion rate of the initial conversion rate of 23.0309 shares per $1,000 principal amount of the notes. This conversion rate is subject to

adjustment as described under “Description of Notes—Conversion Rights—Conversion Rate Adjustments” in the prospectus. Accordingly, the number of shares of our common stock to be sold may increase or decrease from time to time. Fractional shares will not be issued upon conversion of the notes. Cash will be paid instead of fractional shares, if any.

(3) Because a selling securityholder may sell all or a portion of the notes and common stock issuable upon conversion of the notes pursuant to this prospectus supplement, an estimate cannot be given as to the number or percentage of notes and common stock that the selling securityholder will hold upon termination of any sales. The information presented assumes that all of the selling securityholders will fully convert the notes for cash and shares of our common stock and that the selling securityholders will sell all shares of our common stock that they receive pursuant to such conversion.

Selling securityholders who are registered broker-dealers are deemed to be “underwriters” within the meaning of the Securities Act of 1933, as amended. In addition, selling securityholders who are affiliates of registered broker-dealers may be deemed to be “underwriters” within the meaning of the Securities Act of 1933, as amended, if such selling securityholder (i) did not acquire its notes or underlying common stock in the ordinary course of business or (ii) had any agreement or understanding, directly or indirectly, with any person to distribute the notes or underlying common stock. To our knowledge, no selling securityholder who is a registered broker-dealer or an affiliate of a registered broker-dealer received any securities as underwriting compensation.

The securities offered hereby involve significant risks and uncertainties. These risks are described under the caption “Risk Factors” beginning on page 8 of the prospectus. You should consider these Risk Factors before purchasing these securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement. Any representation to the contrary is a criminal offense.

The date of this prospectus supplement is August 15, 2006.