Exhibit 21.1

Subsidiaries of the Registrant



|                                                     |  |                          
|---------------------------------------------------- |  | -------------------------
|Name                                                 |  | State of Incorporation   
|ACC Holding, LLC.                                    |  | Georgia                  
|ACC Funding One, Inc.                                |  | Nevada                   
|ACC Funding Two, Inc.                                |  | Nevada                   
|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 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 International Acquisition Corporation    |  | Nevada                   
|CompuCredit International Servicing, LLC             |  | Georgia                  
|CompuCredit Reinsurance Ltd.                         |  | Turks and Caicos Islands 
|CompuCredit Services Corporation                     |  | Nevada                   
|CompuCredit UK Debt Purchasers, Inc.                 |  | Nevada                   
|CompuCredit UK Limited                               |  | United Kingdom           
|Conductor, LLC                                       |  | Nevada                   
|Consumer Auto Receivables, LLC                       |  | Georgia                  
|Consumer Direct Lending Services, LLC                |  | Georgia                  
|Cottonwood Acquisition, LLC                          |  | Nevada                   
|Creditlogistics, LLC                                 |  | Georgia                  
|Creditlogistics India Private Limited                |  | India                    
|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                  



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|                                                  |  |                       
|------------------------------------------------- |  | ----------------------
|Name                                              |  | State of Incorporation
|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                
|Guardian Wire Services, LLC                       |  | Georgia               
|Goldenrod Funding, LLC                            |  | Nevada                
|Horizon Fund III, Inc.                            |  | Nevada                
|Integrated Lead Monetization LLC                  |  | Georgia               
|Jefferson Capital Card Systems, LLC               |  | Georgia               
|Jefferson Capital Systems, LLC                    |  | Georgia               
|JJG, LLC                                          |  | Georgia               
|JRAS, LLC(5)                                      |  | Georgia               
|JRAS of Alabama, LLC                              |  | Georgia               
|JRAS of Florida, LLC                              |  | Georgia               
|JRAS of South Carolina, LLC                       |  | Georgia               
|JRAS of Tennessee, LLC                            |  | Georgia               
|JRAS of Texas, LLC                                |  | Georgia               
|JRAS Leasing, LLC                                 |  | Georgia               
|Liberty Acquisition, Inc.                         |  | Georgia               
|Majestic Capital Holdings, LLC                    |  | Georgia               
|MEM Capital Limited(6)                            |  | United Kingdom        
|Miramar Servicing, LLC                            |  | Georgia               
|Noble Consumer Lending Services, LLC              |  | Georgia               
|OnLine Mall, LLC(7)                               |  | Georgia               
|Partridge Funding Corporation                     |  | Nevada                
|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               
|Purpose UK Holdings Limited(8)                    |  | United Kingdom        
|Rapid City Holdings, LLC(9)                       |  | Nevada                
|Rushmore Acquisition, LLC                         |  | Nevada                
|Shared Value Investments, LLC                     |  | Georgia               
|Sixth Level Holdings, LLC                         |  | Georgia               
|Southern Crescent Finance, LLC                    |  | Georgia               
|Transistor Holdings, LLC(10)                      |  | 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(11)       |  | Georgia               
|Valued Services Funding I, Inc.                   |  | Nevada                



---

|                                                          |  |                       
|--------------------------------------------------------- |  | ----------------------
|Name                                                      |  | State of Incorporation
|Valued Services Holdings, LLC                             |  | Georgia               
|Valued Services Intellectual Property Funding, Inc.       |  | Georgia               
|Valued Services Intellectual Property Holdings, Inc(11)   |  | 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(12)                            |  | 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               
|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               



|(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.
|--- | -----------------------------------------------



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



|(5) | The Company owns a 91.0% interest in JRAS, LLC.
|--- | -----------------------------------------------



|(6) | The Company owns a 87.1% interest in MEM Capital Limited.
|--- | ---------------------------------------------------------



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



|(8) | The Company owns a 91.6% interest in Purpose UK Holdings Limited.
|--- | -----------------------------------------------------------------



|(9) | The Company owns a 47.5% interest in Rapid City Holdings, LLC.
|--- | --------------------------------------------------------------



|(10) | The Company owns a 33.3% interest in Transistor Holdings, LLC.
|---- | --------------------------------------------------------------



|(11) | The Company owns a 94.9% interest in both, Valued Services Financial Holdings, LLC and Valued Services Intellectual Property Holdings, Inc.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------



|(12) | The Company owns a 91.4% interest in Valued Services UK Limited.
|---- | ----------------------------------------------------------------