Mark, I have no reason to doubt what you are saying, however based on my recent dealing with a line of credit extension, my financial advisor told me that I have 80% of my LOC used, which is hurting my credit score (at the time it was 705), by increasing the limit, and not exceeding 80% borrowed, my credit score would go up. I also was advised to close 3 unused and paid off retail accounts, which would also raise my score.
For the record I have $12500 credit limit on my VISA, and a max $21000 line of credit. I have buying power.
Stupid buying power.... :P
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