Overview

Portfolio Recovery Associates was founded in 1996, went public in 2002 (NASDAQ: PRAA) and is a leading firm specializing in the purchase, management and collection of charged off consumer debt. Our goal is to treat all our customers well, helping them through difficult financial times, while providing appropriate returns to PRA's shareholders. At PRA "benevolent" and "debt collector" is not an oxymoron. Quite the contrary; at PRA we believe the only way for our company to succeed is to provide a win-win interaction with our customers. At PRA "we're giving debt collection a good name."

We have more than 1,500 employees in five states - Virginia, Kansas, Nevada, Tennessee and Alabama - and have acquired in excess of $24 billion of accounts and more than 11 million customer accounts since our founding. PRA is a founding member of the American Asset Buyers Association (now a part of the American Collectors Association), a member of the American Collectors Association, and numerous Chambers of Commerce.