Clients

Focusing on the Details to do the Job Right

PRA is one of the leading buyers of charged-off consumer accounts in the U.S. We have purchased over 11 million accounts with balances totaling over $24 billion and have closed on approximately 800 portfolios. We have the resources to evaluate the sale portfolio quickly and we have the financial backing to fund a deal shortly after reaching an agreement with the seller. We have spent the last 10 years developing a reputation as a leader in our industry, use that reputation to your advantage.

Due Diligence - We are capable of handling account media of any type, although we would prefer fixed length ASCII files. Account information including debtor name and address, home and/or business phone, social security number, account number, account balance, date of origination, last payment amount, last payment date, charge off date and APR is helpful in allowing us to prepare the most competitive bid possible. In many cases brief on site due diligence visits can be helpful as we try to better understand the target portfolio. In all cases we can turn a deal around quickly, in 48 hours or less in urgent situations. Again, our aim is to meet the needs of the seller, and if time is critical, we take as little of it as possible.

Closing - Upon coming to terms acceptable to both the Seller and PRA, we are able to close via wire transfer immediately. We are there with cash to quickly close on all of our bid commitments.

Reputable Partner - Every Seller wants to be sure that they have avoided, not created problems by selling accounts. Portfolio Recovery Associates is not a fly by night buyer or re-seller trying to cobble together financing and an organization to deal with each new purchase made. Instead, we utilize a well designed and specialized business process to insure full compliance with the FDCPA, Fair Credit Reporting Act, and all state and local collection laws. 

Systems - Our recovery system is the highly regarded ATLAS by London Bridge Software Holdings, plc. The software is designed specifically for the recovery industry and helps insure that balance tracking, contact management and debtor communication is handled to the highest standard. PRA is a member of all three credit reporting agencies and not only reports accounts as permitted by the FCRA, but provides automated monthly and manual special updates. Skiptracing is accomplished via an extensive library of databases that are delivered to each Account Representative at their desktop via our advanced LAN client- server computer system.

In summary, rest assured that you have made your life simpler, not more complex, by selling accounts to PRA. We are experienced professionals dedicated to doing one thing and doing it better than anyone else; recovering on accounts that you choose to sell to us. Our well trained, experienced and professional staff insures that all customers are handled professionally and never abused.

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Or for prospective sellers, click here.