Portfolio Recovery Associates to Present at PiperJaffray 16th Annual Financial Services Conference

NORFOLK, VA – Portfolio Recovery Associates, Inc., (NasdaqNM: PRAA), a leading provider of outsourced receivables management, announced today that Steve Fredrickson, CEO, and Kevin Stevenson, CFO, will be making a presentation to the investment community, at the PiperJaffray 16th Annual Financial Services Conference to be held in New York, NY, on Wednesday, March 16, 2005.

A link to the live audio web cast of their presentation will be provided on the Investor Relations page of Portfolio Recovery Associates’ website at www.portfoliorecovery.com, under Event Calendar and at http://www.piperjaffray.com/fscwebcast. The link will be accessible at approximately 8:00 AM EST on the day of the conference. The replay will be available approximately two hours after the presentation is completed and will remain available for seven days.

About Portfolio Recovery Associates, Inc.
Portfolio Recovery Associates is a full-service provider of outsourced receivables management and related services. Portfolio Recovery Associates purchases, collects and manages portfolios of defaulted consumer receivables and provides collateral location services for credit originators. Defaulted consumer receivables are the unpaid obligations of individuals to credit originators, including banks, credit unions, consumer and auto finance companies, retail merchants and other providers of goods and services. The defaulted consumer receivables Portfolio Recovery Associates collects are generally either purchased from sellers of defaulted consumer debt or are collected on behalf of debt owners on a commission basis.