PRA Group, Inc. or PRA, is a publicly traded debt buyer based in Norfolk, Virginia. PRA was listed in the Federal Trade Commissions " Report on the Debt Buying Industry (dated January, 2013) as one of the largest debt buyers in the US. PRA was among the top five debt buyers in the FTC Report. PRA files with the Securities and Exchange Commission (SEC), and in PRAs 2015 Annual Report to the SEC, PRA stated that it had total revenues of $942 million for 2015, and $880 million for 2014. In the SEC filings, PRAs revenues for 2013 were $735 million. Hundreds of companies are debt buyers, but PRA Group is among the few that are publicly traded corporations. In 2014, the company was referred to as a "major player in the debt-collection industry". PRA was also listed as one of the largest debt buyer in Human Rights Watchs report " Rubber Stamp Justice", dated February, 2016; which questioned the collection practices of debt buyers. PRA Group began as Portfolio Recovery Associates, LLC in March 1996, starting with eight people in Virginia Beach, Virginia and start-up capital from Angelo, Gordon & Co.. By 2002, Angelo, Gordon & Co. held a 72% stake in the firm. The companys debt purchasing activities began a few months after the company was formed, in May 1996.
Highest paying job titles at PRA Group include Software Engineer, Network Engineer, and Facilities Manager