Portfolio Recovery Associates Execs to Present at JMP Securities Conference in New York, Sept. 29

NORFOLK, VA — Kevin Stevenson, chief financial and administrative officer, and Neal Stern, chief operating officer – Owned Portfolio, of Portfolio Recovery Associates, Inc. (NASDAQ: PRAA) will present to the investment community at the JMP Securities Financial Services and Real Estate Conference. The Portfolio Recovery Associates (PRA) executives will present at 12 Noon (EDT), Sept. 29, 2010, at The New York Palace, 455 Madison Avenue, in New York City.

Portfolio Recovery Associates, Inc., through its subsidiaries, purchases, collects and manages portfolios of defaulted and bankrupt consumer receivables and provides a broad range of receivables management and payments processing services. During the course of this event, 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 Event Calendar.

About Portfolio Recovery Associates, Inc.

Portfolio Recovery Associates’ business revolves around the detection, collection, and processing of both unpaid and normal-course receivables originally owed to credit grantors, governments, retailers and others. The Company’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. Portfolio Recovery Associates 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 both its RDS and MuniServices businesses and class action claims recovery services and related payment processing through its CCB subsidiary.