Lingering Economic Malaise Means Expansion for PRA

Portfolio Recovery Associates LLC, a subsidiary of the publicly-traded Portfolio Recovery Associates, Inc., is a debt collection agency that trades in the junk debt markets.  It purchases old, defaulted consumer debts from credit card companies, car finance companies, and others often for just pennies on the dollar.  It is a competitor of Asset Acceptance, LLC, Midland Funding, LLC, NCO Financial Systems, Inc., and LVNV Funding, LLC all of whom... Read More... Lingering Economic Malaise Means Expansion for PRA