Exhibit 21.1

Subsidiaries of the Registrant



|                                                     |  |                          
|---------------------------------------------------- |  | -------------------------
|Name                                                 |  | State of Incorporation   
|AspireCard.com, Inc.                                 |  | Delaware                 
|Bluestem Holdings, LLC(1)                            |  | Delaware                 
|C&S Intellectual Property Holdings Corp.             |  | Nevada                   
|Capacitor, LLC(2)                                    |  | Nevada                   
|Card Services, Inc.                                  |  | Georgia                  
|CAR Financial Services, Inc.                         |  | Georgia                  
|CAR Funding, Inc.                                    |  | Nevada                   
|CARS Acquisition, LLC                                |  | Georgia                  
|Cash Loan Team, LLC                                  |  | Georgia                  
|CCRT International Holdings, B.V.                    |  | Amsterdam and Netherlands
|CFC, LLC                                             |  | Nevada                   
|CompuCredit Acquisition Corporation                  |  | Nevada                   
|CompuCredit Acquisition Corporation II               |  | Nevada                   
|CompuCredit Acquisition Corporation III              |  | Nevada                   
|CompuCredit Acquisition Funding Corp.                |  | Nevada                   
|CompuCredit Acquisition Funding Corp. III            |  | Nevada                   
|CompuCredit Funding Corp.                            |  | Nevada                   
|CompuCredit Funding Corp. III                        |  | Nevada                   
|CompuCredit Intellectual Property Holdings Corp. II  |  | Nevada                   
|CompuCredit Reinsurance Ltd.                         |  | Turks and Caicos Islands 
|CompuCredit Services Corporation                     |  | Nevada                   
|CompuCredit UK Debt Purchasers, Inc.                 |  | Nevada                   
|Consumer Auto Receivables, LLC                       |  | Georgia                  
|Cottonwood Acquisition, LLC                          |  | Nevada                   
|Creditinfo Support Services India Private Limited    |  | India                    
|CSC Acquisition, LLC                                 |  | Nevada                   
|CSG, LLC(3)                                          |  | Delaware                 
|Dakota Funding, LCC                                  |  | Nevada                   
|Embarcadero Holdings LLC(4)                          |  | Delaware                 
|Fingerhut Receivables, Inc.                          |  | Delaware                 
|FMT Services, Inc.                                   |  | Nevada                   
|Goldenrod Funding, LLC                               |  | Nevada                   
|Jefferson Capital Card Systems, LLC                  |  | Georgia                  
|Jefferson Capital Systems, LLC                       |  | Georgia                  
|Majestic Capital Holdings, LLC                       |  | Georgia                  
|Purpose Solutions LLC                                |  | Georgia                  
|Rapid City Holdings, LLC(5)                          |  | Nevada                   
|Rushmore Acquisition, LLC                            |  | Nevada                   
|Transistor Holdings, LLC(6)                          |  | Delaware                 
|Transistor, LLC                                      |  | Delaware                 
|True Capital, LLC                                    |  | Georgia                  
|True Funding, LLC                                    |  | Georgia                  
|True Financial Services, LP                          |  | Texas                    
|Valued Services, LLC                                 |  | Georgia                  
|Valued Services Acquisitions Company, LLC            |  | Georgia                  
|Valued Services Acquisitions Company II, LLC         |  | Georgia                  
|Valued Services Financial Holdings, LLC              |  | Georgia                  
|Valued Services Holdings, LLC                        |  | Georgia                  
|Valued Services Intellectual Property Funding, Inc.  |  | Georgia                  
|Valued Services Intellectual Property Holdings, Inc. |  | Georgia                  



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|                                                          |  |        
|--------------------------------------------------------- |  | -------
|Valued Services Intellectual Property Licensing, Inc.     |  | Nevada 
|Valued Services Intellectual Property Management, Inc.    |  | Nevada 
|Valued Services Intellectual Property Management, Inc. II |  | Nevada 
|Valued Services Investments, LLC                          |  | Georgia
|Valued Services Management, LLC                           |  | Georgia
|Valued Services of Alabama, LLC                           |  | Georgia
|Valued Services of Arizona                                |  | Georgia
|Valued Services of Arkansas, LLC                          |  | Georgia
|Valued Services of California, LLC                        |  | Georgia
|Valued Services of Colorado, LLC                          |  | Georgia
|Valued Services of Florida, LLC                           |  | Georgia
|Valued Services of Georgia, LLC                           |  | Georgia
|Valued Services of Kansas, LLC                            |  | Georgia
|Valued Services of Kentucky, LLC                          |  | Georgia
|Valued Services of Louisiana, LLC                         |  | Georgia
|Valued Services of Michigan, LLC                          |  | Georgia
|Valued Services of Mississippi, LLC                       |  | Georgia
|Valued Services of Missouri, LLC                          |  | Georgia
|Valued Services of Nevada, LLC                            |  | Georgia
|Valued Services of New Mexico, LLC                        |  | Georgia
|Valued Services of North Carolina, LLC                    |  | Georgia
|Valued Services of Ohio, LLC                              |  | Georgia
|Valued Services of Oklahoma, LLC                          |  | Georgia
|Valued Services of South Carolina, LLC                    |  | Georgia
|Valued Services of Tennessee, LLC                         |  | Georgia
|Valued Services of Texas, LLC                             |  | Georgia
|Valued Services of Texas, LP                              |  | Texas  
|Valued Services of Utah, LLC                              |  | Georgia
|Valued Services of Virginia, LLC                          |  | Georgia
|Valued Services of Washington DC, LLC                     |  | Georgia
|Valued Services of Washington, LLC                        |  | Georgia
|Valued Services of West Virginia, LLC                     |  | Georgia
|Valued Services of Wisconsin, LLC                         |  | Georgia
|VS Financial Services, LLC                                |  | Georgia
|VS of Arkansas, LLC                                       |  | Georgia
|VS of Florida, LLC                                        |  | Georgia
|VS of North Carolina, LLC                                 |  | Georgia
|VS of West Virginia, LLC                                  |  | Georgia
|VS of North Carolina II, LLC                              |  | Georgia
|Valued Services VFS, LLC                                  |  | Georgia



|(1) | The Companys own a 75.1% interest in Bluestem Holdings, LLC.
|--- | -------------------------------------------------------------



|(2) | The Companys own a 33.3% interest in Capacitor, LLC.
|--- | -----------------------------------------------------



|(3) | The Corporation owns a 50.0% interest in CSG, LLC.
|--- | --------------------------------------------------



|(4) | The Corporation owns a 62.5% interest in Embarcadero Holdings, LLC.
|--- | -------------------------------------------------------------------



|(5) | The Corporation owns a 47.5% interest in Rapid City Holdings, LLC.
|--- | ------------------------------------------------------------------



|(6) | The Corporation owns a 33.3% interest in Transistor Holdings, LLC.
|--- | ------------------------------------------------------------------