Portfolio Recovery Associates to Present at JMP Securities Research 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 accounts receivable management services, announced today that Steve Fredrickson, CEO, and Neal Stern, COO – Owned Portfolios, will be making a presentation to the investment community at the JMP Securities Research Conference to be held in San Francisco, CA on Wednesday, May 20, 2009. 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 3:00PM 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 is a full-service provider of outsourced receivables management and related services. 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 a broad range of collection services, including revenue administration for government entities through its RDS and MuniServices businesses, and collateral-location services for credit originators via IGS.