Portfolio Recovery Associates


Portfolio Recovery Associates is a high volume debt collector located at 120 Corporate Boulevard, Norfolk, Virginia 23502.

  • Portfolio Recovery, Inc., is a VERY large debt buyer, who stock is traded on the New York Stock Enchange.  Their main office is in Virginia, with satellite offices in Kansas, Nevada, Alabama, Tennessee, Texas, and California, employing over 2000 collectors devoted to collect from consumers.
  • Portfolio Recovery, Inc., reported cash collections during 2011 of $ 705 MILLION dollars.
  • Portfolio Recovery, Inc., reports that the key to its financial success is its ability to buy consumer debts that have been “written off” by the original creditor for an average 3.2 cents on the dollar since 1996, and not reselling any of the debts it purchases to other debt buyers.
  • Portfolio Recovery, Inc., acknowledges in its annual report filed with the S.E.C.

“Additionally, our ability to collect…may be negatively impacted
by state laws which require that certain types of account documentation
be in our possession prior to the institution of any collection activities.”

  • Portfolio Recovery, Inc., reports that during 2011 it purchased debts allegedly due from Arizona consumers of $1.4 million dollars.
  • Portfolio Recovery, Inc, is VERY aggressive in suing consumers in Arizona courts, and are usually represented by Guglielmo & Associates, a Tucson collection law firm.  
  • Portfolio Recovery, Inc., is currently being investigated by the FTC for its collection practices.
  • Don't be a victim of debt collection abuse.

    If you are being sued by Portfolio Recovery Associates or its representatives, or are suffering debt collection abuse or harassment at the hands of Portfolio Recovery Associates, contact the consumer lawyers at The Law Office of Richard Groves at (602) 230-0995 or CLICK HERE

Posted by AZ Debt Lawyer  |  Bad Debt Buyers : Portfolio Recovery Associates