Score dropped 85 points

[Deco0406]

I recently applied for multiple credit cards and was accepted for some of them.  Also my balances have increased on others.  My FICO score has now droppped 85 points. If I pay off 80% of my balances, how long will it take to bring my score back up?  Is there anything I can do to speed up the process?

[wvasweetness]

Paying off CC debt is one of the quickest ways to give your score a boost. My understanding is that you would see a score increase as soon as the CC company reports the paid amount to the CRA (normally takes 30 days after the payment is made).

[Anonymous]

From what I have seen on here is, it is going to take 6 months for your scores to rebound somewhat.

[orl2185]

zman is correct, give it at least 6 months to see a major impact