Founded in 1996 by Steve Fredrickson and Kevin Stevenson, the vision for the company was to create a professional business in the debt recovery market. Specifically, the goal was to build a company that treated customers fairly and with respect, met high levels of compliance and reliability, and created rewarding careers for its employees. The company went public on November 8, 2002 as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. Over the past 20 years, PRA, through its subsidiaries, has grown to become one of the largest debt buyers in the world, with more than 5,000 employees in 16 countries throughout the Americas and Europe.
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