Portfolio Recovery Associates, Inc. (Nasdaq: PRAA) is a financial and business services company operating in the U.S. and the U.K.
As a leader in the U.S. debt buying industry, PRA returns capital to banks and other creditors that helps expand financial services for consumers. PRA collaborates with its customers to create affordable, realistic debt repayment plans.
The company also provides a broad range of fee-based services to local governments and law enforcement, auto lenders and insurers, businesses, institutional investors, global hedge funds, and U.K. banks and creditors.
In 2013 and 2012, PRA was named one of Fortune's 100 Fastest-Growing Companies and one of the Top 25 Forbes’ Best Small Companies in America. PRA has been annually ranked on the Forbes list since 2007.
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Feb 19, 2014
PRA Agrees to Acquire Aktiv Kapital for $880 Million