Can They Do That With My Transcript?

Question:

Dear Steve,

Can a college still withhold your transcript if the debt has been passed on to a debt collector?

Cat

Answer:

Dear Cat,

If the debt is still owed I don’t see why not. The transcript is held as collateral until the debt is satisfied.

One way to release the transcript is to file bankruptcy. It might be a big solution for a relatively small debt.

Steve Rhode Debt Coach and Author

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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