Portfolio Recovery Associates to Present at JMP Securities Financial Services and Real Estate Conference

Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a specialized financial services company and market leader in the consumer debt purchase and collection industry, today announced that it will present at the annual JMP Securities Financial Services and Real Estate Conference being held in New York City on September 26, 2011.

Steve Fredrickson, chairman, president and chief executive officer, and Kevin Stevenson, chief financial and administrative officer, will present to the investment community at 11:30 a.m. EDT, September 26, 2011, at The St. Regis New York. During the course of this event, Portfolio Recovery Associates (PRA) may disclose material developments affecting its business and/or financial performance.

On the day of the conference, a copy of the slide presentation will be provided on the Investor Relations page of the PRA website at www.portfoliorecovery.com under the Event Calendar.

Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a specialized financial services company, is a market leader in the consumer debt purchase and collection industry. The Company, which has purchased more than $57 billion of face value defaulted consumer debt since its inception, has operations in 10 states, more than 25 million customer accounts and more than 2,500 employees. Portfolio Recovery Associates also provides a broad range of fee-based services through its subsidiaries: PRA Government Services, LLC; MuniServices, LLC; PRA Location Services, LLC; and Claims Compensation Bureau, LLC. Working every day with people in financial distress, the Company seeks to engage collaboratively with its customers to create realistic, affordable repayment plans. Portfolio Recovery Associates has a longstanding culture of compliance, and for four consecutive years has been named to the Forbes 100 Best Small Companies in America annual rankings list (2007 – 2010).