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Overview
Portfolio Recovery Associates (PRA) began operations in 1996 and has been a public company since November 2002. Since our initial public offering, we have invested approximately $1.9 billion in portfolio purchases and our portfolio of purchased consumer debt has increased from $5.1 billion to over $63.4 billion in face value. We employ more than 2,500 people in offices from coast to coast.
PRA operates businesses that focus on the following:
Debt Purchase:
We acquire portfolios of charged-off and bankrupt consumer debt, as well as utility debt at a discount and seek to collect a multiple of our purchase price over the economic life of a portfolio.
Skip Location:
We locate collateral and coordinate asset recovery for auto loan issuers and servicers.
Government Revenue Administration:
For municipalities, we identify and recover sources of revenue, assist with the collection of unpaid debts, conduct taxpayer auditing, and offer complete turn-key, outsourced tax administration.
Monitoring and Filing Class Action Claims:
Claims Compensation Bureau, LLC (CCB) pioneered the monitoring and filing of class action claims. As the only firm to handle both securities class actions and antitrust class actions, the recovery of our clients' funds is our sole focus. Using class action expertise developed over the past 25 years, CCB professionals deliver a time-proven, successful, comprehensive claims filing service.
PRA, Inc. common stock is traded on The NASDAQ Global Stock Market under the ticker symbol “PRAA”.
PRA was a founding member of the American Asset Buyers Association, and is currently a member of ACA International, DBA International, and numerous Chambers of Commerce.
ACA International
DBA International