EXHIBIT 10.15

                             SECOND LEASE AMENDMENT

THIS SECOND LEASE AMENDMENT is made as of September 29, 2000 by and between
Riverside Commerce Center, L.C., a Virginia limited liability company ("Lessor")
and Portfolio Recovery Associates, LLC, a Delaware limited liability company
("Lessee").

                                    RECITALS

A.      By Lease dated February 12, 1999 (the "Lease"), Riverside Investors,
        L.C. leased to Lessee Suite 100 consisting of 35,179 rentable square
        feet (the "Original Premises") in a building commonly known as Riverside
        Commerce Center, Corporate Boulevard, Norfolk, Virginia ("the
        Building"), as more particularly described in said Lease.

B.      By First Lease Amendment dated April 27, 1999, Riverside Investors, L.C.
        and Lessee modified the Building address and Lessors Services.

C.      Riverside Commerce Center, L.C., a Virginia limited liability company is
        successor in interest to Riverside Investors, L.C., a Virginia limited
        liability company.

D.      Lessor and Lessee desire to further modify the terms and conditions of
        the Lease.


NOW, THEREFORE, in consideration of the mutual promises herein contained and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Lessor and Lessee hereby agree as follows:

1.      Expansion Premises: Effective as of November 1, 2000. Lessee shall lease
        an additional 4,503 rentable square feet known as Suite 200 as outlined
        on Exhibit A (the "Expansion Premises") for a total of 39,682 square
        feet (the "Total Premises").

2.      Term: The term for the Expansion Premises shall be for sixty eight (68)
        months commencing on November 1, 2000 and expiring simultaneously with
        the Original Premises on June 30, 2006.

3.      Rent: The monthly rent for the Expansion Premises shall be Five Thousand
        Seven Hundred Seventy Eight and 85/100 Dollars ($5,778.85) payable in
        advance on the first business day of each and every month.

4.      Rent Abatement: The monthly rent for the Expansion Premises only shall
        be abated for the first six (6) months of the Expansion Premises term
        and, therefore, the rent commencement for the Expansion Premises shall
        be May 1, 2001.

5.      Rent Escalation: The monthly rent for the Expansion Premises shall
        increase three percent (3%) per annum simultaneously with the Original
        Premises on July 1, 2001 and on July 1 annually thereafter.

6.      Electricity and Gas: In accordance with paragraph 2 of the First Lease
        Amendment to the Lease, Lessee's electricity and gas to the Expansion
        Premises shall be separately metered and shall be paid directly by
        Lessee.



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7.      Tenant Improvements: Lessor shall provide Lessee with an allowance of
        Forty Five Thousand Thirty and No/100 Dollars ($45,030.00) ("Improvement
        Allowance") for tenant improvements to be constructed in accordance with
        the Work Letter Agreement (Exhibit B) attached hereto and incorporated
        herein by reference. The Improvement Allowance shall be due only during
        the initial term of the Lease. All costs in excess of the Improvement
        Allowance shall be at Lessee's cost.

8.      Parking: In addition to the allotment of parking spaces outlined In
        paragraph 12 of the Lease, Lessee shall be entitled to thirty five (35)
        additional unreserved and unassigned vehicle parking spaces.

9.      Right of First Refusal: Paragraph 4 of the Rider No. 1 to the Lease.
        Right of First Refusal, is hereby deleted in its entirety.

10.     All other terms and conditions of the Lease are hereby ratified and
        shall remain in full force and effect. in the event of a conflict
        between the Second Lease Amendment, First Lease Amendment and the Lease,
        this Second Lease Amendment shall prevail.

IN WITNESS WHEREOF, the parties hereto have executed and delivered this
agreement as of the date first written above.

LESSOR:                                 RIVERSIDE INVESTORS, L.C.,
                                        A VIRGINIA LIMITED LIABILITY COMPANY

                                By:     Robinson Development Group, Inc.
                                Its:    Manager


                                By:     /s/ ANTHONY W. SMITH
                                        ----------------------------------------
                                        Anthony W. Smith
                                Its:    Senior Vice President


LESSEE:                                 PORTFOLIO RECOVERY ASSOCIATES, LLC,
                                        A DELAWARE LIMITED LIABILITY COMPANY

                                By:     /s/ STEVEN FREDRICKSON
                                        ----------------------------------------
                                Name:   Steven Fredrickson
                                        ----------------------------------------
                                Its:    President
                                        ----------------------------------------



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