*Loan,banking and credit>>>credit report

HELP I owed a bank 650 dollars from 1998, its not on any of my three credit reports, am I off the hook?

As far as credit score goes am I off the hook?

It depends on what type of account you had. If it was a credit card or loan and it's not on your credit report after all these years, you may be off the hook. The bank probably charged it off and for some reason did not report it.

If you left an overdrawn depository account, about 90% of banks report that to centralized clearing services (like ChexSystems). If you try to open an account with a bank that uses the clearing service, they may deny you an account. It may come up when you apply for a mortgage, etc.

I work in banking and I've had customers with old stuff show up on their reports at the worst possible time (mortgage application, usually). I would try to correct this now...it can take a while to clear off your record.

free as a bird..... ya lucked out.
zipper
legally? Perhaps, if you've heard nothing from them. They may of just wrote the debt off if you've heard nothing from them during this time.

Morally? No, you still owe the money. You borrowed it right? What if someone borrowed money from you and didn't pay?
I agree....free as a bird.

You got lucky.
Not necessarily off the hook, as far as your credit is concerned. You've passed the statute of limitations for the creditor to file legal action to recover the debt, but it can still be sold to a collection agency for pennies on the dollar. The collection agency will immediately start to hound you for the money, and will renew this debt as open and collectible in your credit file. From there, your seven year love affair starts all over again.
Off the hook as far as the credit reports go, but I wouldn't use that bank, they could have messages on your client profile about the debt not being repaid. Most credit reports purge every 5-7 years, so try to keep it clean this time. Good luck!