Portfolio Recovery Associates, Inc. · Norfolk, VA United States ·(NASDAQ (GS): PRAA)

When times are tough, some businesses find the going a little easier with Portfolio Recovery Associates (PRA). The firm makes its way in the world by collecting on defaulted consumer debt. Its primary business is collections on behalf of clients (including banks, credit unions, consumer and auto finance companies, and retail merchants). It also buys charged-off and bankrupt consumer debt portfolios and then collects the debts on its own behalf. The company's subsidiaries are dedicated to skip-tracing and asset location for auto finance companies (IGS) and government accounts receivable management (Revenue Discovery Systems). To read the full description, subscribe now.