Exhibit 99.2

CHARTER OF THE NOMINATING AND CORPORATE GOVERNANCE  COMMITTEE OF THE BOARD OF DIRECTORS

I.Purpose

The Nominating and Corporate Governance Committee of CompuCredit Corporation (the "Company") shall provide assistance to the Board of Directors (the "Board") in
fulfilling its responsibilities to the shareholders by:



II.Structure and Operations

Composition and Qualifications

All members of the Nominating and Corporate Governance Committee shall meet the independence requirements of The Nasdaq Stock Market, Inc. (the "Nasdaq")
and the rules and regulations of the Securities and Exchange Commission (the "SEC").

Appointment and Removal

The members of the Nominating and Corporate Governance Committee shall be designated by the Board annually and each member shall serve until such member's
successor is duly designated or until such member's earlier resignation or removal. Any member of the Nominating and Corporate Governance Committee may be removed from the Committee, with or without
cause, by a majority vote of the Board.

Unless
a Chairperson is designated by the Board, the members of the Nominating and Corporate Governance Committee shall designate a Chairperson by majority vote of the full Nominating
and Corporate Governance Committee membership. The Chairperson will chair all sessions of the Nominating and Corporate Governance Committee and set the agendas for Nominating and Corporate Governance
Committee meetings.

Delegation to Subcommittees

In fulfilling its responsibilities, the Nominating and Corporate Governance Committee may delegate its responsibilities to a subcommittee of the Nominating and
Corporate Governance Committee and, to the extent not expressly reserved to the Nominating and Corporate Governance Committee by the Board or by applicable law, rule or regulation, to any other
committee consisting entirely of directors who meet the independence requirements of the Nasdaq and the rules and regulations of the SEC.

III.Meetings

The Nominating and Corporate Governance Committee shall ordinarily meet at least two times annually, or more frequently as circumstances dictate. Any member of
the Nominating and Corporate Governance Committee may call meetings of the Nominating and Corporate Governance Committee.

Any
director of the Company who is not a member of the Nominating and Corporate Governance Committee may attend meetings of the Nominating and Corporate Governance Committee; provided,

---

however,
that any director who is not a member of the Nominating and Corporate Governance Committee may not vote on any matter coming before the Nominating and Corporate Governance Committee for a
vote. The Nominating and Corporate Governance Committee also may invite to its meetings any member of management of the Company and such other persons as it deems appropriate in order to carry out its
responsibilities. The Nominating and Corporate Governance Committee may meet in executive session, as the Nominating and Corporate Governance Committee deems necessary or appropriate.

IV.Responsibilities and Duties

The following functions shall be the common recurring activities of the Nominating and Corporate Governance Committee in carrying out its purpose as set forth in
Section I of this Charter. These functions should serve as a guide with the understanding that the Nominating and Corporate Governance Committee may carry out additional functions and adopt
additional policies and procedures as may be appropriate in light of changing business, legislative, regulatory, legal or other conditions. The Nominating and Corporate Governance Committee shall also
carry out any other responsibilities and duties delegated to it by the Board from time to time related to the purpose of the Nominating and Corporate Governance Committee outlined in Section I
of this Charter.

To
fulfill its responsibilities and duties, the Nominating and Corporate Governance Committee shall:

Board Composition, Evaluation and Compensation



---



Committee Selection and Composition



Corporate Governance



Reports



V.Annual Performance Evaluation

The Nominating and Corporate Governance Committee shall perform an evaluation, at least annually, of the performance of the Nominating and Corporate Governance
Committee. In addition, the Nominating and Corporate Governance Committee shall review and reassess, at least annually, the adequacy of this Charter and recommend to the Board any improvements to this
Charter that the Nominating and Corporate Governance Committee considers necessary or appropriate. The Nominating and Corporate Governance Committee shall conduct such evaluation and reviews in such
manner as it deems appropriate.

---

QuickLinks