Debt Buyer Plans to Add 100 Jobs at Tennessee Location

Published October 29, 2012, 10:12 a.m. EDT

1 Min Read

Portfolio Recovery Associates, a Norfolk, Va.-based debt buyer, expects to hire more than 100 people at its Jackson, Tenn. call center, according to The Jackson (Tenn.) Sun.

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The company opened the office in 2006, starting with 25 employees. It has since grown to an estimated 350 employees. The company will hold a job fair on November 3 for those interested in applying.

The debt buyer will announce its third quarter financial results on Tuesday. In August, the company reported across-the-board records in cash collections, revenue and net income for the second quarter ended June 30.

Portfolio Recovery paid $123 million in the second quarter for domestic portfolio purchases with a face value of $1.48 billion. The total spent was up 37% from the year-ago quarter.

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