Portfolio Recovery Associates to Announce Second Quarter 2011 Results on July 28

Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a specialized financial services company and market leader in the consumer debt purchase and collection industry, will announce its second quarter 2011 results on July 28, 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 888-713-4211 for domestic callers or 617-213-4864 for international callers using the passcode 68414138. 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 passcode 41859487. 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 webcast, both live and archived, at the company’s website, www.portfoliorecovery.com at the Investor Relations main page.

Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a specialized financial services company, is a market leader in the consumer debt purchase and collection industry. The Company, which has purchased more than $56 billion of defaulted consumer debt since its inception, has operations in 10 states, approximately 25 million customer accounts and more than 2,500 employees. Portfolio Recovery Associates also provides a broad range of fee-based services through its subsidiaries: PRA Government Services, LLC; MuniServices, LLC; PRA Location Services, LLC; and Claims Compensation Bureau, LLC.