About Us

Who We Are

Prairie River Capital LLC is an accounts receivable and settlement company that was founded in 2010 by Jeffrey R. Niemala on the guiding principle of giving his customers ethical, honest service. In the subsequent decade, Prairie River Capital LLC has remained in family ownership, and the guiding principle on which our company was founded still drives us.

Throughout the years, Prairie River Capital has been at the forefront of innovation in the accounts receivable recovery industry. Today, we remain on the cutting edge by following the latest regulatory and compliance standards (CFPB, TCPA, 501(r), etc.). We utilize state-of-the-art collection tools to preserve our reputation as one of the most secure collection agencies in the industry.

Headquartered in Grand Rapids, Minnesota, our company’s purpose remains very much the same today as in 2010. We improve financial outcomes for consumers and our clients, and in carrying out that purpose, we pride ourselves in offering an ethical and honest solution. We train our representatives to use the most ethical and consumer-friendly practices, helping to maintain the relationship that you have built with your customers, while also providing our clients with the results they need.

Quite simply, we strive to be the best, most trusted provider of receivables management and settlement services to consumers and creditors.

In the community

Prairie River Capital believes in making a difference in the community, both by setting an example and by doing our part to give back wherever possible. Our in-house charity committee includes employees dedicated to helping our community. Their primary function is to investigate and make decisions on the solicitation and distribution of funds donated by Prairie River Capital and its employees.

Just a few of Prairie River Capital’s charities include the Grace House homeless shelter, North Central Food Bank, Ronald McDonald House Charities, Special Olympics, Toys for Tots, United Way and Baby Steps.

Compliance

Prairie River Capital maintains a robust Compliance Risk Management System (CRMS) that includes extensive auditing, thorough documentation, and rigorous training. Our auditing process starts with an assessment and validation that all required policies exist, the policies are clearly documented, and that the staff is properly trained. Each policy is audited on a routine basis.

Security

Security is a principal concern at our company.

Prairie River Capital does not provide tax, legal, or financial advice. Amounts and timeframes for settlement vary based upon individual circumstances.No guarantee of settlement, credit score improvement or satisfaction of judgment is implied. Offers of service are made at our sole discretion and are subject to meeting our underwriting requirements.

Licensed Principal, Jeffrey R. Niemala, Prairie River Capital LLC d/b/a Prairie River Capital, PRC.

NMLS # 1930392 This collection agency is licensed by the Minnesota Department of Commerce.