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PRA Group, Inc. is headquartered at 120 Corporate Boulevard, Norfolk, Virginia, 23502, USA.

The corporate office is located within the Riverside Commerce Center, a major business park in the eastern part of the city. It is situated just a few miles south of Norfolk International Airport, which serves as a primary regional landmark. The headquarters is also conveniently close to the Military Highway, a major commercial corridor featuring the Gallery at Military Circle (formerly Military Circle Mall).

General information

Traded as: Nasdaq: PRAA
Industry: Life insurance
Founded: 1900
Headquarters: McKinney, Texas, U.S.
Zip code: 23502
Phone number: +1 757-519-9300
Number of employees: 3,277 (2025)
Website: www.pragroup.com

PRA Group, Inc. is a leading global financial services firm specializing in the acquisition, collection, and strategic management of nonperforming loan portfolios. The company primarily focuses on purchasing unpaid consumer obligations from credit originators who have been unsuccessful in their own collection efforts or have chosen to divest these assets.

Its diverse acquisition strategy includes general-purpose and private-label credit cards, automotive loans, consumer overdrafts, and small business debts, as well as complex accounts involved in bankruptcy or similar legal proceedings. The company extends its expertise into fee-based services for class action claim recoveries, providing a multifaceted approach to debt resolution and capital recovery.

As a prominent entity within the global debt recovery sector, PRA Group, Inc. plays a vital role in the financial ecosystem by helping creditors recoup outstanding capital while providing structured resolution options for consumers. Operating in a highly competitive landscape alongside major firms such as Encore Capital Group, the company has established itself as a significant player with a worldwide reach.

By combining sophisticated data analytics with a commitment to regulatory compliance, PRA Group, Inc. continues to influence the global financial services industry through the professionalized management of distressed assets and the promotion of sustainable debt recovery practices.

Contact Information

For general inquiries about PRA Group, Inc., individuals can reach out via the phone number: +1 (888) 772-7326. Customer support services are available to assist clients and consumers at +1 (800) 772-1413, while a dedicated complaint hotline can be accessed at +1 (888) 772-7326 for any grievances or concerns.

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FAQ’s

When did PRA Group, Inc. go public?

PRA Group, Inc. went public in 2002, marking a significant milestone in its growth and expansion strategy.

What is PRA Group, Inc.’s flagship product?

The company’s flagship service is the acquisition and resolution of nonperforming loans, which forms the core of its business operations.

Where is PRA Group, Inc. headquarters located?

The headquarters is situated in Norfolk, Virginia, USA, at 120 Corporate Boulevard, ZIP Code 23502.

Who founded PRA Group, Inc.?

PRA Group, Inc. was founded by Kevin Stevenson and Steve Fredrickson, who envisioned a company that would revolutionize the debt recovery industry through ethical practices and innovative solutions.

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