<prompt> Human: I just got a letter from my banking congratulating for increasing my credit limit on my credit card. I want to know if this is a good thing. I do have about 3,500 dollars in debt, will this effect my credit score or my monthly payment towards my credit card?  <response>: Itll lower your utilization and raise your credit score, which is good.It could tempt you into overspending, which is bad. 