We’ve all heard horror stories about predatory lenders. How about predatory collection agencies? Just ask Thomas Rizzo or Gloria Morrissette, or the countless others who fell for the deliberately ...

Portfolio Recovery Associates Inc. announced Wednesday a 25 percent increase in second-quarter profit, driven by a quarterly record for cash collections. Portfolio Recovery, a Norfolk company that ...

A Jackson County jury has ordered a debt collection agency to cough up nearly $83 million to a woman it mistakenly pursued to collect a credit card debt of little more than $1,000. The jury found that ...

George Cooley says the debt collectors have been after him for years, despite the fact that he lives on Social Security disability and just $1,300 a month. Cooley, 66, has been making debt payments of ...

NEW YORK (CBS.MW) -- Portfolio Recovery Associates Inc. filed on Friday with the Securities and Exchange Commission to raise up to $57.5 million in an initial public offering. The Norfolk, Va.-based ...

"CFPB orders are not suggestions, and companies cannot ignore them simply because they are large or dominant in the market," CFPB Director Rohit Chopra said after announcing a $24 million settlement ...

Portfolio Recovery Associates Inc., a Norfolk, Va.-based debt buyer, Friday announced a $115.3 million acquisition of certain assets from National Capital Management LLC (NCM). The acquisition ...

Portfolio Recovery Associates Inc. has closed on a $600 million credit package over five years to cover its operations and expansion at lower borrowing costs. The package has an “accordion” option ...

What: Shares of Portfolio Recovery Associates have gained more than 16% today after the debt-collection company followed up a rather ho-hum earnings report with the major news that it would acquire a ...

On Jul 7, 2014 we issued an updated research report on Portfolio Recovery Associates Inc. (PRAA). We believe that the company’s purchase of finance receivables, its diversified portfolio, strong ...

Portfolio Recovery Associates, one of the country's largest debt collectors, used deliberate ambiguity in a collection letter to try to get an Illinois consumer to pay on legally unenforceable debt, a ...