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  <TITLE> Portfolio Recovery Associates, Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	March 8, 2007
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  	Portfolio Recovery Associates, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-50058
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  	75-3078675
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	120 Corporate Boulevard, Norfolk, Virginia
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  	23502
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	888-772-7326
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 4.01 Changes in Registrant's Certifying Accountant.
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  (a) Previous independent registered public accounting firm<br><br>On March 8, 2007, the Audit Committee of Portfolio Recovery Associates, Inc. (the "Company") dismissed PricewaterhouseCoopers LLP ("PwC") as its independent registered public accounting firm, effective immediately.  <br><br>The reports of PwC on the financial statements of the Company as of and for the fiscal years ended December 31, 2005 and 2006 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle.<br><br>There were no disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the fiscal years ended December 31, 2005 and 2006 and through March 8, 2007, which disagreements, if not resolved to PwC&#x2019;s satisfaction, would have caused PwC to make reference to the subject matter of the disagreement in its report on the Company&#x2019;s financial statements for such years.<br><br>There were no reportable events pursuant to Item 304(a)(1)(v) of Regulation S-K during the fiscal years ended December 31, 2005 and 2006 and through March 8, 2007.<br><br>Attached as Exhibit 16 is a letter from PwC addressed to the Securities and Exchange Commission stating whether or not PwC concurs with the statements made above by the Company.<br><br>(b) New independent registered public accounting firm<br><br>On March 8, 2007, the Audit Committee of the Company appointed KPMG LLP to serve as the Company's independent registered public accounting firm, effective immediately.<br><br>During the fiscal years ended December 31, 2005 and 2006 and through March 8, 2007, the Company has not consulted with KPMG LLP regarding any of the matters described in Item 304(a)(2)(i) or Item 304(a)(2)(ii) of Regulation S-K.
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  	Item 9.01 Financial Statements and Exhibits.
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  (a) Financial Statements.  None.<br>(b) Pro-forma Financial Information.  None.<br>(c) Exhibits<br><br>16 Letter of PricewaterhouseCoopers LLP, dated March 13, 2007, to the Securities and Exchange Commission.
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  	SIGNATURES
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  	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.
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  	Portfolio Recovery Associates, Inc.
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  	&nbsp;&nbsp;
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  <I>
  	March 13, 2007
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  	By:
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  <I>
  	/s/ Kevin P. Stevenson
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  	Name: Kevin P. Stevenson
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  	Title: EVP/CFO
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	16
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  Letter of PricewaterhouseCoopers LLP, dated March 13, 2007, to the Securities and Exchange Commission.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_18881.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11794}]
metadata_filer: {"company-data": {"conformed-name": "PORTFOLIO RECOVERY ASSOCIATES INC", "cik": "0001185348", "assigned-sic": "7320", "irs-number": "753078675", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50058", "film-number": "07690667"}, "business-address": {"street1": "120 CORPORATE BLVD STE 100", "city": "NORFOLK", "state": "VA", "zip": "23502", "phone": "7575199300X3003"}, "mail-address": {"street1": "120 CORPORATE BLVD STE 100", "city": "NORFOLK", "state": "VA", "zip": "23502"}}
text: Portfolio Recovery Associates, Inc. (Form: 8-K)
  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 (Date of Earliest Event Reported):
  March 8, 2007
  Portfolio Recovery Associates, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-50058
  75-3078675
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  120 Corporate Boulevard, Norfolk, Virginia
  23502
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  888-772-7326
  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:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 4.01 Changes in Registrant's Certifying Accountant.
  (a) Previous independent registered public accounting firm
  On March 8, 2007, the Audit Committee of Portfolio Recovery Associates, Inc. (the "Company") dismissed PricewaterhouseCoopers LLP ("PwC") as its independent registered public accounting firm, effective immediately.
  The reports of PwC on the financial statements of the Company as of and for the fiscal years ended December 31, 2005 and 2006 did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle.
  There were no disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the fiscal years ended December 31, 2005 and 2006 and through March 8, 2007, which disagreements, if not resolved to PwC's satisfaction, would have caused PwC to make reference to the subject matter of the disagreement in its report on the Company's financial statements for such years.
  There were no reportable events pursuant to Item 304(a)(1)(v) of Regulation S-K during the fiscal years ended December 31, 2005 and 2006 and through March 8, 2007.
  Attached as Exhibit 16 is a letter from PwC addressed to the Securities and Exchange Commission stating whether or not PwC concurs with the statements made above by the Company.
  (b) New independent registered public accounting firm
  On March 8, 2007, the Audit Committee of the Company appointed KPMG LLP to serve as the Company's independent registered public accounting firm, effective immediately.
  During the fiscal years ended December 31, 2005 and 2006 and through March 8, 2007, the Company has not consulted with KPMG LLP regarding any of the matters described in Item 304(a)(2)(i) or Item 304(a)(2)(ii) of Regulation S-K.
  Item 9.01 Financial Statements and Exhibits.
  (a) Financial Statements.  None.
  (b) Pro-forma Financial Information.  None.
  (c) Exhibits
  16 Letter of PricewaterhouseCoopers LLP, dated March 13, 2007, to the Securities and Exchange Commission.
  Top of the Form
  SIGNATURES
  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.
  Portfolio Recovery Associates, Inc.
  March 13, 2007
  By:
  /s/ Kevin P. Stevenson
  Name: Kevin P. Stevenson
  Title: EVP/CFO
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  16
  Letter of PricewaterhouseCoopers LLP, dated March 13, 2007, to the Securities and Exchange Commission.