Portfolio Recovery Associates to Announce First Quarter 2011 Results on May 4, 2011

NORFOLK, VA, Apr 25 (MARKET WIRE) --
Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that
purchases and manages portfolios of defaulted consumer receivables and
provides a broad range of receivables management and payments processing
services, will announce its first quarter 2011 results on May 4, 2011.

The earnings announcement, which will be released after the market
closes, will be followed at 5:30 p.m. EDT by a conference call with
investors to discuss the results.

Investors can access the call by dialing 888-679-8037 for domestic
callers or 617-213-4849 for international callers using the pass code
69150702. In addition, investors may listen to the call via a taped
replay by dialing 888-286-8010 for domestic callers and 617-801-6888 for
international callers using the pass code 94862609. The replay will be
available approximately one hour after the call ends and will remain
available for seven days.

Investors also may listen to the conference call via web cast, both live
and archived, at the company's website, www.portfoliorecovery.com at the
Investor Relations main page.

About Portfolio Recovery Associates, Inc.

Portfolio Recovery Associates, Inc. (PRA) is the parent of companies
whose business revolves around the detection, collection, and processing
of both unpaid and normal-course receivables originally owed to credit
grantors, governments, retailers and others. PRA's primary business is
the purchase, collection and management of portfolios of defaulted
consumer receivables. These are the unpaid obligations of individuals to
credit originators, which include banks, credit unions, consumer and auto
finance companies, and retail merchants. PRA also provides fee-based
services, including collateral-location services for credit originators
via its IGS subsidiary, revenue administration, audit and debt
discovery/recovery services for government entities through its
consolidated Government Services subsidiaries, and class action claims
recovery services and related payment processing through its CCB
subsidiary.

Statements herein which are not historical, including Portfolio Recovery
Associates' or management's intentions, hopes, beliefs, expectations,
representations, projections, plans or predictions of the future, 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 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,
including the risk factors and other risks that are described from time
to time in Portfolio Recovery Associates' filings with the 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 Portfolio Recovery Associates' website, which contain a
more detailed discussion of Portfolio Recovery Associates' 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. Portfolio
Recovery Associates expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in its 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.

Contacts:
Investor Relations:
James D. Fike
Vice President, Finance
757-519-9300 ext. 13010
info@portfoliorecovery.com

Media Contact:
Tanya M. Madison
Vice President, Corporate Communications
757-961-3525
tmmadison@portfoliorecovery.com

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