PRA Group is a publicly traded global financial services company headquartered in Norfolk, Virginia, and listed on the Nasdaq under the ticker PRAA. Founded in 1996, it has spent nearly three decades specializing in the purchase and resolution of non-performing loans (NPLs). The company buys delinquent consumer debt portfolios from banks and other financial institutions, enabling those creditors to recover capital and extend new credit.
The firm's operations span 18 countries across the Americas, Europe, and Australia, supported by a workforce of thousands of employees. A core component of its business model involves working directly with consumers to resolve their outstanding debt through flexible and affordable payment options. The company states it places a focus on compliance, customer care, and treating people with dignity and respect.
PRA Group describes a corporate culture that invests in its team members, seeks to create rewarding career paths, and gives back to the communities in which it operates. The company's long-standing presence and geographic scale position it as a significant player in the global debt purchasing and recovery industry.
