Portfolio Recovery Associates with its wholly owned subsidiaries is a full-service provider of outsourced receivables management and related services. The company's primary business is the purchase, collection and management of portfolios of defaulted consumer receivables. Defaulted consumer receivables are the unpaid obligations of individuals to credit originators, including banks, credit unions, consumer and auto finance companies, retail merchants and other service providers. Portfolio Recovery Associates also provides a broad range of collection services, including revenue administration for government entities. The company has more than 1,000 employees located Virginia, Kansas, Nevada and Alabama. Portfolio Recovery Associates is located in Norfolk Va.
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