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United States
1996 (30 Years)
Last online: No recent activity
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Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know PRA Group
Company Information
Get to know PRA Group
Founded in 1996 and publicly traded on the Nasdaq (PRAA), PRA Group, Inc. is one of the world's largest purchasers of nonperforming loans. The company's core business involves buying portfolios of defaulted consumer debt from credit providers, such as banks, credit card companies, and auto finance companies, at a significant discount. PRA Group then works with the consumers to help them resolve their outstanding debt. Their mission focuses on returning capital to credit originators, which helps lower the cost of credit for consumers, while also providing a path for individuals to address their financial obligations.
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