Originally Posted by Janke

WRONG

https://secure.ssa.gov/apps10/poms.nsf/lnx/0501120220

Read B.1 first bullet

However, if he converted the line of credit to actual cash and put the cash in the bank or in his pocket and didn't spend it, it would be a resource the first of the next month. Second bullet.

He was not required to borrow the money but if he did actually borrow it and didn't spend it, it became a resource. The same as selling a house or selling a car - converts from excludable to countable the month following the sale (with some exceptions).