One man’s debt is another man’s business opportunity and Portfolio Recovery Associates has reaped the benefits. The Norfolk,Va.-based company, which purchases defaulted debt from credit card companies ...

We’ve all heard horror stories about predatory lenders. How about predatory collection agencies? Just ask Thomas Rizzo or Gloria Morrissette, or the countless others who fell for the deliberately ...

George Cooley says the debt collectors have been after him for years, despite the fact that he lives on Social Security disability and just $1,300 a month. Cooley, 66, has been making debt payments of ...

Portfolio Recovery Associates, a Norfolk, Va.-based debt buyer, reported across-the-board gains in third quarter cash collections, earnings and revenues. Cash collections increased 33% to a record ...

A Jackson County jury has ordered a debt collection agency to cough up nearly $83 million to a woman it mistakenly pursued to collect a credit card debt of little more than $1,000. The jury found that ...

"CFPB orders are not suggestions, and companies cannot ignore them simply because they are large or dominant in the market," CFPB Director Rohit Chopra said after announcing a $24 million settlement ...

Attorney General Maura Healey’s office has reached a multimillion-dollar settlement with a debt collection firm she said was illegally targeting the elderly, people with disabilities and others whose ...

(Reuters) - U.S.-based Portfolio Recovery Associates Inc , which provides fee-based debt collection services, said it would buy Norway's Aktiv Kapital AS for about $880 million to expand its debt ...

Portfolio Recovery has been experiencing rising earnings estimates on the back of improved second-quarter 2013 results. Moreover, steps taken to attain financial flexibility and improved performance ...

We’ve all heard horror stories about predatory lenders. How about predatory collection agencies? Just ask Thomas Rizzo or Gloria Morrissette, or the countless others who fell for the deliberately ...