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 ...

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 ...

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 ...

"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 ...

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 ...

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 ...

Portfolio Recovery offered to settle the case for $1,101, plus reasonable attorney’s fees and costs. [1] Tejero’s lawyers neither submitted a written offer nor responded to Portfolio Recovery’s offer.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. So what: Portfolio ...

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 ...