NORFOLK, Va., Sept. 24, 2013 -- Portfolio Recovery Associates, Inc. (Nasdaq:PRAA), a financial and business services company operating in the U.S. and U.K, today announced that it will present next week to the investment community at JMP Securities' Financial Services & Real Estate Conference in New York.

Steve Fredrickson, chairman, president and chief executive officer, PRA, is scheduled to present at the conference on October 1, 2013, at 12:30 pm ET.  He will be joined by Kevin Stevenson, executive vice president and chief financial and administrative officer, PRA.

Investors may view PRA's presentation as well as listen to an audio webcast, including audience Q&A, at PRA's Investors website, Events & Presentations, http://ir.portfoliorecovery.com/events.cfm.

At JMP's conference, PRA may disclose material developments affecting its business and/or financial performance. 

About PRA

As a leader in the U.S. debt buying industry, Portfolio Recovery Associates, Inc. (PRA) returns capital to banks and other creditors that helps to expand financial services for consumers.  PRA collaborates with its customers to create affordable, realistic debt repayment plans. The company also provides a broad range of fee-based services to local governments and law enforcement, U.S. businesses, institutional investors, global hedge funds, and U.K. banks and creditors. 

PRA was named one of Fortune's 100 Fastest-Growing Companies in 2013 and 2012. Last year, the company also advanced to the Top 25 of Forbes' 100 Best Small Companies, where PRA has been annually ranked since 2007. For more information, please visit www.PortfolioRecovery.com.

About Forward-Looking Statements

Statements herein which are not historical, including PRA's or its management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, including future revenue and earnings growth, statements with respect to future contributions of its subsidiaries to earnings and future portfolio-purchase opportunities, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include references to PRA's presentations and webcasts. The forward-looking statements in this press release are based upon management's beliefs, assumptions and expectations of PRA's future operations and economic performance, taking into account currently available information. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties, some of which are not currently known to us.  Actual events or results may differ from those expressed or implied in any such forward-looking statements as a result of various factors. Additional risk factors and other risks are described from time to time in PRA's filings with the Securities and Exchange Commission (SEC) including but not limited to its annual reports on Form 10-K, its quarterly reports on Form 10-Q and its current reports on Form 8-K, filed with the SEC and available through PRA's website, which contain a more detailed discussion of PRA's business, including risks and uncertainties that may affect future results. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Information in this press release may be superseded by more recent information or statements, which may be disclosed in later press releases, subsequent filings with the SEC or otherwise. Except as required by law, PRA assumes no obligation to publicly update or revise its forward-looking statements contained herein to reflect any change in PRA's expectations with regard thereto or to reflect any change in events, conditions or circumstances on which any such forward-looking statements are based, in whole or in part.

CONTACT: Media and Investor Contact:

         Rick Goulart

         Vice President, Corporate Communications

         757-961-3525

         RickGoulart@PortfolioRecovery.com