PRA Group, Inc. or PRA, is a publicly traded debt buyer based in Norfolk, Virginia. PRA was listed in the Federal Trade Commission's " Report on the Debt Buying Industry, and in PRA's 2015 Annual Report to the SEC, PRA stated that it had total revenues of $942 million for 2015, and $880 million for 2014. In the SEC filings, PRA's revenues for 2013 were $735 million.
Hundreds of companies are debt buyers, but PRA Group is among the few that are publicly traded corporations. In 2014, the company was referred to as a "major player in the debt-collection industry". PRA was also listed as one of the largest debt buyer in Human Rights Watch's report " Rubber Stamp Justice", dated February, 2016; which questioned the collection practices of debt buyers.
| Formerly called | Portfolio Recovery Associates, LLC 1996– Portfolio Recovery Associates, Inc. –2014 |
|---|---|
| Key people | Steven Fredrickson (CEO; co-founder), Kevin Stevenson (co-founder) |
| Founded | March 1996 (1996-03) in Virginia Beach, Virginia |
| Subsidiaries | Anchor Receivables Management RDS |
| Headquarters | Norfolk, Virginia, United States |
NPS is a customer loyalty metric that measures customers’ willingness to not only return for another purchase or service but also make a recommendation to their family, friends or colleagues.
It is a powerful and effective technique, which can greatly increase a company's revenue if used properly.
The main advantages of NPS are close correlation with a company's growth and easy collection, interpretation and communication of the data.
Net Promoter Score is a number from -100 from 100.
Scores higher than 0 are typically considered to be good and scores above 50 are considered to be excellent.
The industry average for Finance / Finance: Consumer Services is 0.
The final Net Promoter Score of a company strongly depends on a context in which the satisfaction is measured.
Consider an example: If PRA Group, Inc. sends out NPS surveys immediately after purchase, they are tracking their customers' initial excitement and the checkout experience.
On the other hand, if they survey their customers a few weeks after the purchase they are also tracking how satisfied their customers are with their products and services over time.
Therefore, comparing the NPS score of PRA Group, Inc. with your own without any further context is not that useful.
What is extremely useful though, is using the NPS methodology to track the satisfaction of your customers over time. That's where Customer.guru comes in.
How are your customers satisfied depending on:
We have estimated the Net Promoter Score of PRA Group, Inc. based on the publicly available information
including the sentiment of the company-related tweets, 3rd party reviews, and Alexa ratings.
Do you think this information is incorrect? Report incorrect information. Do you have more accurate data? Submit NPS score.