Portfolio Recovery Associates to Announce Third Quarter 2005 Results on October 25, 2005

Portfolio Recovery Associates, Inc., a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of collection services, will announce its third quarter 2005 results on October 25, 2005.

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

Investors can access the call by dialing 800-591-6944 for domestic callers or 617-614-4910 for international callers using the pass code 31781457. 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 26406071. The replay will be available approximately two hours after the call ends and will remain available for seven days.

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