CompuCredit, issuer of the “Aspire” and “Emerge” sub-prime VISA cards, reported yesterday that outstandings dropped nearly 8% during the fourth quarter to $2.8 billion. The Atlanta-based issuer also reported a decline in the gross number of accounts from 4.0 million to 3.5 million. During 3Q/02, CompuCredit added 2.3 million accounts from Providian. During the fourth quarter, CompuCredit opened 53,000 new accounts. The adjusted net charge-off rate was 9.2% in the fourth quarter, as compared to 8.3% for the third quarter of 2002. At year-end 2002, the 60+ day managed delinquency rate was 13.9% as compared to 12.3% for 3Q/02, and 11.1% one year ago. For the fourth quarter, CompuCredit posted net income attributable to common shareholders of $16.7 million. For complete details on CompuCredit’s 4Q/02 performance visit CardData ([www.carddata.com]).