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                   
|Card Receivables FS, Inc.                            |  | Nevada                   
|CARDS, LLC                                           |  | South Carolina           
|CARDS Credit Services, LLC                           |  | South Carolina           
|CARS Acquisition, LLC                                |  | Georgia                  
|Cash Loan Team, LLC                                  |  | Georgia                  
|CCRT International Holdings, B.V.                    |  | Amsterdam and Netherlands
|CFC, LLC                                             |  | Nevada                   
|CL Financial Services, Inc.                          |  | Georgia                  
|CL Funding, Inc.                                     |  | Nevada                   
|CL Holdings, LLC                                     |  | Georgia                  
|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 Intellectual Property Holdings Corp. III |  | Nevada                   
|CompuCredit Reinsurance Ltd.                         |  | Turks and Caicos Islands 
|CompuCredit Services Corporation                     |  | Nevada                   
|CompuCredit UK Debt Purchasers, Inc.                 |  | Nevada                   
|Conductor, LLC                                       |  | Nevada                   
|Consumer Auto Receivables, LLC                       |  | Georgia                  
|Consumer Direct Lending Services, LLC                |  | Georgia                  
|Cottonwood Acquisition, LLC                          |  | Nevada                   
|Creditinfo Support Services India Private Limited    |  | India                    
|Creditlogistics, LLC                                 |  | Georgia                  
|CSC Acquisition, LLC                                 |  | Nevada                   
|CSG Funding, LLC                                     |  | Delaware                 
|CSG, LLC(3)                                          |  | Delaware                 
|Dakota Funding, LCC                                  |  | Nevada                   
|Direct Lending Services, LLC                         |  | Georgia                  
|Direct MicroLending, LLC                             |  | Georgia                  
|Direct MicroLoans, LLC                               |  | Georgia                  
|DMLS Services, LLC                                   |  | Georgia                  
|Embarcadero Holdings LLC(4)                          |  | Delaware                 
|Fingerhut Receivables, Inc.                          |  | Delaware                 
|FMT Services, Inc.                                   |  | Nevada                   
|Fortiva, LLC                                         |  | Georgia                  
|Fortiva Financial Group, Inc.                        |  | Georgia                  
|Fortiva Funding, Inc.                                |  | Nevada                   



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|                                                          |  |               
|--------------------------------------------------------- |  | --------------
|Guardian Wire Services, LLC                               |  | Georgia       
|Goldenrod Funding, LLC                                    |  | Nevada        
|Horizon Fund III, Inc                                     |  | Nevada        
|Jefferson Capital Card Systems, LLC                       |  | Georgia       
|Jefferson Capital Systems, LLC                            |  | Georgia       
|Liberty Acquisition, Inc.                                 |  | Georgia       
|Majestic Capital Holdings, LLC                            |  | Georgia       
|Noble Consumer Lending Services, LLC                      |  | Georgia       
|OnLine Mall, LLC(7)                                       |  | Georgia       
|Perimeter Investment Solutions, LLC                       |  | Georgia       
|PML Wireless, LLC                                         |  | Georgia       
|Purpose Funding Solutions, LLC                            |  | Georgia       
|Purpose Insurance, LLC                                    |  | Georgia       
|Purpose Intellectual Property Management II, Inc.         |  | Nevada        
|Purpose Solutions LLC                                     |  | Georgia       
|Rapid City Holdings, LLC(5)                               |  | Nevada        
|Rushmore Acquisition, LLC                                 |  | Nevada        
|Shared Value Investments, LLC                             |  | Georgia       
|Sixth Level Holdings, LLC                                 |  | Georgia       
|Transistor Holdings, LLC(6)                               |  | Delaware      
|Transistor, LLC                                           |  | Delaware      
|True Capital, LLC                                         |  | Georgia       
|True Funding, LLC                                         |  | Georgia       
|True Financial Services, LP                               |  | Texas         
|Upstar Financial, LLC                                     |  | Georgia       
|Valued Services, LLC                                      |  | Georgia       
|Valued Services Acquisitions Company, LLC                 |  | Georgia       
|Valued Services Acquisitions Company II, LLC              |  | Georgia       
|Valued Services Financial Holdings, LLC(8)                |  | Georgia       
|Valued Services Funding I, Inc.                           |  | Nevada        
|Valued Services Holdings, LLC                             |  | Georgia       
|Valued Services Intellectual Property Funding, Inc.       |  | Georgia       
|Valued Services Intellectual Property Holdings, Inc(8).   |  | Georgia       
|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 Joint Venture, LLC                        |  | Georgia       
|Valued Services Management, LLC                           |  | Georgia       
|Valued Services UK Limited(9)                             |  | United Kingdom
|Valued Services of Alabama, LLC                           |  | Georgia       
|Valued Services of Anozira, LLC                           |  | 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       



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|                                       |  |        
|-------------------------------------- |  | -------
|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 Oregon, 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 of Arkansas, 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

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



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



|(3) | The Company owns a 61.25% interest in CSG, LLC.
|--- | -----------------------------------------------



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



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



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



|(7) | The Company owns a 33.3% interest in Online Mall, LLC.
|--- | ------------------------------------------------------



|(8) | The Company owns a 94.9% interest in both, Valued Services Financial Holdings, LLC and Valued Services Intellectual Property Holdings, Inc.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------



|(9) | The Company owns a 91.4% interest in Valued Services UK Limited.
|--- | ----------------------------------------------------------------