PRA Group's 2023 Annual Report is now available. Click to see the year in review and read letters from our Board Chair and President and CEO. ×

Over 25 years of redefining the nonperforming loan industry.

Doing things the right way, for the right reasons, with a long-term focus.

Our Mission

To deliver nonperforming loan solutions that drive success through a long-term focus and customer care.

From a single employee to the global footprint of PRA Group and its subsidiaries, our company is built on this mission. It gives purpose to, and is the foundation of, everything we do.

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Our Vision

To be the trusted leader, changing the world’s perception of the nonperforming loan industry.

This shared vision fuels our pursuit of redefining the nonperforming loan industry, is our guiding light to the future of PRA Group, and sets our bar for success.

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Our Environmental, Social & Governance Commitment

PRA Group makes it a priority to strengthen the health and well-being of communities where we operate around the world.
A global leader in the nonperforming loan industry

Our History

In 1996, Steve Fredrickson and Kevin Stevenson had a vision for a professional business in the nonperforming loan industry. With four employees in Norfolk, Virginia, they set out to found a company that would do things differently. Things like helping improve financial futures by taking a customer-first approach, providing affordable and flexible payment options, meeting high levels of compliance and reliability, and creating rewarding careers for employees. They took Portfolio Recovery Associates, Inc. public in November 2002 and changed the parent company name to PRA Group, Inc. in October 2014. Today, PRA Group has grown to become a global leader in the nonperforming loan industry with operations and thousands of employees around the world. Nearly three decades since our founding, we remain focused on doing things the right way, for the right reasons, for the long term.

Awards & Recognitions

Global Biorisk Advisory Council STAR™ Facility Accredited (GBAC STAR)

Silver and Bronze Level Stevie® Award Winners in The Annual American Business Awards®

Inside Business The Roaring 20 Award Winners

Communities in Schools Lend a Hand Impact Award Winners

CoVa BIZ Community Impact Award Winners

Credit and Women in Credit Award Winners, Special Recognition for Diversity & Inclusion

Danville Exceptional Community Spirit Award Winners

Better Business Bureau, Recognition for 25 Years of Accreditation

Bronze Stevie® Award for Management Team of the Year in The 19th Annual International Business Awards®