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PRA Group Q2 Earnings Call Highlights
['Stacy Sanders']
Daily Political
In the U.S., legal cash collections increased 26% to $150 million and represented more than half of U.S. core cash collections.
PRA Group said the increase reflected prior investments as accounts moved through the legal channel.
PRA Group now has one remaining U.S. call center, down from seven in 2023, and has consolidated two offshore third-party collection sites into one location.
About PRA Group (NASDAQ:PRAA)PRA Group, Inc is a global specialty finance company focused on the acquisition and management of nonperforming loans.
By combining rigorous analytics with a consumer-centric ethos, PRA Group seeks to maximize recoveries while maintaining respectful and compliant interactions with debtors.