Fifteen months after acquiring the receivables of the Fingerhut Master Trust series 1998-2, CompuCredit Corp. plans to securitize roughly $130 million of liquidating accounts in a private transaction seen pricing in mid-November, sources said.

The receivables in the yet-to-be named transaction will be the remaining assets once the FMT 1998-2 completes its scheduled amortization, estimated for Nov. 15. "The old deal will have to fully pay down before this [CompuCredit] deal can price," an investor said.

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