About PRA

PRA Corporate Factsheet

A Fortune 100 Fastest Growing Company for 2013

2013 Forbes Best Small Companies award










Portfolio Recovery Associates, Inc. (Nasdaq: PRAA), a financial and business services company, is a leader in the U.S. consumer debt buying industry. The company also provides a broad range of fee-based services to local governments and law enforcement, auto lenders and insurers, businesses and institutional investors, global hedge funds, and U.K. banks and creditors. PRA was named one of Fortune's 100 Fastest Growing Companies in 2013 and 2012. The company also was named to Forbes' Top 25 Best Small Companies in America in 2012, and has been annually ranked as one of Forbes’ 100 Best Small Companies since 2007. We employ more than 3,300 people throughout the U.S. and in the U.K.

A Public Company with a Strong Record of Compliance

Our company was founded in 1996 and has been public since 2002. We are distinguished by our strong focus on customer and client needs, continuous innovation, and a culture of transparency and compliance.

Respecting Customers

PRA was founded on the premise that consumers who have fallen behind on their bills deserve to be treated fairly and with respect.  We realize that people face financial challenges from time to time.  Account representatives of our collection subsidiary, Portfolio Recovery Associates, LLC (PRA LLC), listen to customers to understand their individual needs and circumstances. PRA LLC works with customers to develop realistic, affordable repayment plans in compliance with consumer protection laws.

Our Role in the Global Economy

PRA is an integral part of the financial receivables lifecycle. We have done business with most of the largest consumer lenders in the United States.  We purchase portfolios of past-due and defaulted debt from leading creditors.

Since 1996, PRA has acquired more than 35 million customer accounts.   By investing in the acquisition of these accounts, PRA provides capital to financial services companies, strengthening their ability to lend and more attractively price credit for all consumers.

Through our diversified businesses, we return millions of dollars annually to businesses and local governments in the U.S., and to businesses in the U.K.