CompuCredit, Merrill Buy Credit Portfolio

ATLANTA - CompuCredit Corporation (NASDAQ: CCRT) today announced that it has partnered with an affiliate of Merrill Lynch (NYSE: MER) and another partner to purchase approximately $370 million in face amount of BANKFIRST credit card receivables contemporaneous with Marshall Bancorp Inc.'s purchase of BANKFIRST Corp. CompuCredit will have a 47.5% interest in the partnership and will service the entire purchased portfolio on behalf of the partnership.

Merrill Lynch is one of the world's leading financial management and advisory companies, with offices in 36 countries and total client assets of approximately $1.5 trillion. As an investment bank, it is a leading global underwriter of debt and equity securities and strategic advisor to corporations, governments, institutions and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets. Firmwide assets under management total $478 billion. For more information on Merrill Lynch, please visit www.ml.com.

CompuCredit is a specialty finance company and marketer of branded credit cards and related financial services. CompuCredit provides these services to consumers who are underserved by traditional financial institutions. Through corporate and affinity contributions focused on the underserved and un-banked communities, CompuCredit also uses its financial resources and volunteer efforts to address the numerous challenges affecting its customers. For more information about CompuCredit, visit www.CompuCredit.com.