Portfolio Recovery Associates to Present at William Blair Growth Stock Conference

NORFOLK, VA — Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases, collects and manages portfolios of defaulted consumer receivables and provides a broad range of receivables management and payments processing services, announced today that Steve Fredrickson, CEO, Kevin Stevenson, CFO, and Neal Stern, COO – Owned Portfolios, will be making a presentation to the investment community at the William Blair Growth Stock Conference to be held in Chicago, IL on Wednesday, June 16, 2010. During the course of this event, Portfolio Recovery Associates may disclose material developments affecting its business and/or financial performance.

A link to the live audio web cast of the presentation as well as the investor slide presentation will be provided on the Investor Relations page of Portfolio Recovery Associates’ website at www.portfoliorecovery.com, under Event Calendar. The link will be accessible at approximately 11:40 AM EDT on the day of the conference. The replay will be available immediately after the presentation is completed and will remain available for 30 days.

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.