PRA Group, Inc. is a financial and business service company. The Company's primary business is the purchase, collection and management of portfolios of defaulted consumer receivables. It also services receivables on behalf of clients and provides class action claims settlement recovery services and related payment processing to corporate clients. The Company operates principally in the United States and the United Kingdom. PRA Group, Inc., formerly known as Portfolio Recovery Associates, Inc., is headquartered in Norfolk, Virginia.