CompuCredit, now known as Atlanticus Holdings Corporation, issues unsecured Visa and MasterCard credit cards to customers with low credit scores, charging higher interest rates to cover the risk.
The economic crisis caused the company to close most of its active accounts.
Until 2011 Atlanticus issued payday loans under the names First American Cash Advance and First Southern Cash Advance. In 2011 the company sold these divisions to Advance America for $46 million.
Today Atlanticus operates in two segments: Credit Cards and Other Investments and Auto Finance.
Atlanticus trades publicly on the NASDAQ under the symbol ATLC, has 285 employees, and had $71.73 million in revenue in 2013.
