We're PRA Group.
Treating customers with respect since 1996.
We play a critical role in the consumer lending industry.
Founded in 1996 by Steve Fredrickson and Kevin Stevenson, the vision for the company was to create a professional business in the nonperforming loan market. Specifically, the goal was to build a company that treated customers fairly and with respect, met high levels of compliance and reliability, and created rewarding careers for its employees.
The company went public on November 8, 2002 as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. Over the past 20 years, PRA, through its subsidiaries, has grown to become one of the largest acquirer of nonperforming loans in the world, with more than 5,000 employees in 16 countries throughout the Americas and Europe.
Recently celebrating our 20-year anniversary, watch this little story on how PRA made it big.
Core Values
All employees in the Americas and Europe share a common set of values and commitments that define how we treat each other, how we relate to our customers, and the responsibilities we have to shareholders, regulators, clients, and others. Simply put, they’re the principles that reflect our company’s culture, why PRA was started, and who PRA is today. Our goal is for every PRA employee to personalize and live these shared values—because they are guidelines for everything we do.
- Committed to always doing our best work.
- Accountable for our actions.
- Respectful in our interactions with each other.
- Ethical in every situation.
- Successful because we work together as a team.
From 4 to 5,000+
Journey down memory lane to see the many milestones along the way to see how PRA Group became the industry leader it is today.
Paying forward by giving back.
PRA Group makes it a priority to strengthen the health and well-being of the communities where we work and live.
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