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March 29, 2015 10:05 AM ET

Commercial Services and Supplies

Company Overview of Portfolio Recovery Associates, LLC

Company Overview

Portfolio Recovery Associates, LLC, also known as Anchor Receivables Management, provides delinquent account management and collection services. It specializes in contingency collections for national credit card issuers, consumer lenders, telecommunications providers, retail credit stores, healthcare, utilities, and consumer and commercial accounts receivables. The company was incorporated in 1996 and is based in Norfolk, Virginia with additional offices in Alabama. Portfolio Recovery Associates, LLC operates as a subsidiary of Portfolio Recovery Associates Inc.

140 Corporate Boulevard

Norfolk, VA 23502

United States

Founded in 1996

Key Executives for Portfolio Recovery Associates, LLC

Portfolio Recovery Associates, LLC does not have any Key Executives recorded.

Portfolio Recovery Associates, LLC Key Developments

Lemberg & Associates Wins $350,000 Class Action Award Against Debt Collectors Portfolio Recovery Associates

On behalf of Jason Zimmerman and other consumers, Lemberg & Associates has won a $350,000 class action award against debt collection agency Portfolio Recovery Associates, LLC for violations of the Fair Debt Collection Practices Act (FDCPA). According to the Memorandum Opinion & Order issued by the U.S. District Court, Southern District of New York, Portfolio Recovery Associates, LLC violated the FDCPA by sending 990 consumers debt collection correspondence that simulated legal process. The court determined that each class member who returned the appropriate claim form would receive $500, that the lead plaintiff, Mr. Zimmerman, would receive $1,500, and that any remaining monies would beawarded "to a non-profit organization working to curb abusive debt collection practices or to increase consumer awareness of such practices".

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