PRA Group
Acquires and collects nonperforming loans for banks and creditors.
Company facts
- Founded
- 1996
- Employees
- 3,277
- Headquarters
- United States
- CEO
- Steve Fredrickson
- Type
- Public
- Listed
- NASDAQ: PRAA
- Subsidiaries
- Portfolio Recovery Associates, Anchor Receivables Management, RDS, Claims Compensation Bureau
About
PRA Group, Inc. is a global leader in acquiring and collecting nonperforming loans, with a mission to deliver solutions that enhance financial outcomes for consumers and businesses. The company has been actively redefining the industry since its inception over 25 years ago, focusing on customer-first approaches that prioritize sustainability and compliance. Our journey began with a vision to change the perception of the nonperforming loan market and to create a professional, transparent business that cares for its clients and community. Headquartered in Norfolk, Virginia, PRA Group operates in 18 countries, utilizing 12 languages and handling transactions in 12 different currencies. The company boasts a diverse portfolio of operations, returning vital capital to banks and lenders, and providing greater access to financial services for a broader audience. We believe that our commitment to affordable payment options and high compliance standards sets us apart in the industry. Our dedication extends beyond business metrics; we emphasize social responsibility, giving back, and creating rewarding careers for our employees.