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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Financial Banking
Financial Legal Service

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PRA Group

United States

Founded in

1996 (30 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

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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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.