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.
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.