Founded in 1996 and publicly traded since 2002 (NASDAQ: PRAA), PRA Group, Inc. is one of the largest buyers of nonperforming debt in the world. The company's core business involves purchasing portfolios of defaulted consumer debt from credit grantors, such as banks, credit card companies, and other financial institutions, at a discount. PRA Group then works with the consumers who owe these debts to establish affordable repayment plans. Their stated mission is to help consumers restore their financial health while returning capital to creditors, which helps lower the cost of credit for everyone.

Founded in

United Arab Emirates