Demand Fundamentals
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Demand Technicals
Company Profile
Portfolio Recovery Associates, Inc. engages in the purchase, collection, and management of portfolios of defaulted consumer receivables. It detects, collects, and processes unpaid and normal-course accounts receivables owed primarily to credit grantors, governments, and retailers. The company also acquires receivables of Visa, MasterCard, and other credit cards- private label credit cards- installment loans- lines of credit- bankrupt accounts- deficiency balances of various types- legal judgments, and trade payables from various debt owners, including banks, credit unions, consumer finance companies, telecommunication providers, retailers, utilities, insurance companies, medical groups/hospitals, auto finance companies, and other debt buyers. In addition, it provides a range of fee-based services, such as collateral-location services for credit originators- and revenue administration, audit, and debt discovery/recovery services for government entities, as well as class action claims recovery and related payment processing services. Portfolio Recovery Associates, Inc. serves financial services, auto, retail, utility, health care, and government sectors. The company was founded in 1996 and is headquartered in Norfolk, Virginia.
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