Atlanticus Holdings Corporation Company Profile
Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as Fortiva retail credit, Fortiva personal loans, and Fortiva credit cards through various channels, including retail point-of-sale, direct mail solicitation, Internet-based marketing, and third-party financial institutions; and offers point-of-sale financing by partnering with retailers and service providers to provide credit to their customers for the purchase of various goods and services. This segment also collects portfolios of credit card receivables, including receivables originated through third-party financial institutions and portfolios of receivables purchased from third-party financial institutions. In addition, this segment offers loan servicing, such as underwriting, marketing, customer service, and collections operations for third parties. Further, this segment engages in testing and investment activities in consumer finance technology platforms. The Auto Finance segment purchases and/or services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here, and used car business. This segment also provides floor plan financing and additional installment lending products. The company was formerly known as CompuCredit Holdings Corporation and changed its name to Atlanticus Holdings Corporation in November 2012. Atlanticus Holdings Corporation was founded in 1996 and is headquartered in Atlanta, Georgia.