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 industry. 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 acquirers of nonperforming loans in the world, with thousands of employees worldwide.
Our Mission & Vision
Our mission is to deliver nonperforming loan solutions that drive success through a long-term focus and customer care.
Our vision is to be the trusted leader, changing the world’s perception of the nonperforming loan industry.
Social Responsibility & Sustainability
We are committed to building an equitable and inclusive culture for our people, giving back to the communities where we work and live, and treating our customers with the fairness and respect they deserve.
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.
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