PRA Group

PRA Group, Inc.
Formerly
  • Portfolio Recovery Associates, LLC 1996–
  • Portfolio Recovery Associates, Inc. –2014
Nasdaq: PRAA
S&P 600 Component
FoundedMarch 1996 (1996-03) (as Portfolio Recovery Associates, LLC )
Norfolk, Virginia, U.S.
Headquarters
Norfolk, Virginia
,
United States
Key people
Vikram Atal (President and CEO)
Number of employees
3,277
Subsidiaries
  • Anchor Receivables Management
  • RDS

PRA Group, Inc. is a publicly-traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.

Portfolio Recovery Associates has been sued and fined by entities including the Consumer Financial Protection Bureau and the Attorney General of New York for illegal debt collection tactics, threatening and misleading consumers, consumer reporting violations, and malicious prosecution.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.