Who are PRA Group?
The PRA Group UK are a debt collection company.
Their address is:
PRA Group Ltd
2 The Cross
They often call from:
0800 877 2772
Their registered office address is:
PRA Group (UK) Limited Registered Office: Wells House, 15-17 Elmfield Road, Bromley, Kent, BR1 1LT.
Company Registration No 04267803.
Who do PRA Group collect for?
PRA purchase a wide variety of debts. Some of the original lenders include:
- Lloyds TSB
- Instant Cash Loans
- Other payday loan companies
What should I do?
If you are being pursued by the PRA (Portfolio Recovery Associates) then it means that you have owed money to a company previously and not paid on time or in full.
The company you previously owed money to has now sold the debt to the PRA Group Limited who have permission to collect the debt.
Rather than ignore the issue (as they will likely chase you pretty aggressively), you should take steps to get free debt advice.
Your options for debt help:
If you have over £5000 debt in total, you may be eligible for an IVA.
An IVA will collect all of your debts in to one pot, freeze all of the interest and charges and allow you to make one affordable monthly payment for 5 years. At the end of the 5 years, the remainder of the debt is wiped out.