UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.







Date of Report: February  14, 2007

(Date of earliest event reported)




Portfolio Recovery Associates, Inc.

(Exact name of registrant as specified in its charter)





DE

(State or other jurisdiction 
of incorporation)


000-50058

(Commission File Number)


75-3078675

(IRS Employer 
Identification Number)






120 Corporate Boulevard, Norfolk, Virginia

(Address of principal executive offices)

 

23502

(Zip Code)




888-772-7326
(Registrant's telephone number, including area code)




Not Applicable
(Former Name or Former Address, if changed since last report)








Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  

 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  





Item 2.02. Results of Operations and Financial Condition



On February 14, 2007, the Company issued a press release announcing its unaudited financial results for the fourth quarter and year ended December 31, 2006.  A copy of the press release is attached to this current report on Form 8-K as Exhibit 99.1 and is incorporated herein soley for purposes of Item 2.02.

Item 9.01. Financial Statements and Exhibits


(a) Financial statements:

             None

(b) Pro forma financial information:

             None

(c) Shell company transactions:

             None

(d) Exhibits





             99.1       Press Release of Portfolio Recovery Associates, Inc. dated February  14, 2007



SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
              signed on its behalf by the undersigned hereunto duly authorized.








Dated: February  14, 2007



PORTFOLIO RECOVERY ASSOCIATES, INC.

By:  /s/ Kevin P. Stevenson                      

     Kevin P. Stevenson

     EVP/CFO







Exhibit Index



Exhibit No.
Description


99.1
Press Release of Portfolio Recovery Associates, Inc. dated February  14, 2007