Compucredit Corp - Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2008 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* ROSENCRANTS THOMAS G	2. Issuer Name and Ticker or Trading Symbol COMPUCREDIT CORP [ CCRT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) C/O GREYSTONE CAPITAL PARTNERS I, LP, 7000 ASHWOOD PARKWAY, SUITE 560	3. Date of Earliest Transaction (MM/DD/YYYY) 12/26/2007
(Street) ATLANTA, GA 30328 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/26/2007		S		700	D	$10.1001	99300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		300	D	$10.1012	99000	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		700	D	$10.1620	98300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		918	D	$10.1800	97382	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		82	D	$10.1801	97300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		1000	D	$10.1804	96300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		1000	D	$10.2112	95300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		400	D	$10.2900	94900	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		300	D	$10.2901	94600	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		300	D	$10.2916	94300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		1000	D	$10.3212	93300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		2100	D	$10.3300	91200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		3000	D	$10.3301	88200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		600	D	$10.3401	87600	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		400	D	$10.3404	87200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		4000	D	$10.3500	83200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		1000	D	$10.3900	82200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		1000	D	$10.4000	81200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		2000	D	$10.4001	79200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		1000	D	$10.4100	78200	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		2100	D	$10.4200	76100	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		100	D	$10.4300	76000	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		700	D	$10.4301	75300	I	By partnership ⁽¹⁾
Common Stock	12/26/2007		S		300	D	$10.4308	75000	I	By partnership ⁽¹⁾
Common Stock								36940	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
( 1)	By Greystone Captial Partners I, LP. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
ROSENCRANTS THOMAS G C/O GREYSTONE CAPITAL PARTNERS I, LP 7000 ASHWOOD PARKWAY, SUITE 560 ATLANTA, GA 30328	X

Signatures
/s/ Thomas G. Rosencrants		12/28/2007
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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