Portfolio Recovery Associates to Announce Third Quarter 2006 Results on October 30, 2006

Portfolio Recovery Associates, Inc., a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, will announce its third quarter 2006 results on October 30, 2006.

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

Investors can access the call by dialing 866-383-7998 for domestic callers or 617-597-5329 for international callers using the pass code 28601214. 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 77855414. The replay will be available approximately one hour after the call ends and will remain available for seven days.