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.

Founded in

United States