Difference and benifits between Discover Card and visa card?

My first question is Difference and benifits between Discover Card and visa card? Looking forward for any answer. Another question... Hello,.

I have recently maxed out all of my credit cards on a construction job we were doing for an investment. I have racked up about $65,000 on 8 accounts. This lowered my credit score from the 750 range down to the mid 600's..

My question is, how much will my credit score jump when I pay back all of the debt this month? Will it reach the mid 700's again? Or am I stuck rebuilding for a while?.

I really didn't expect to have my scores drop this much!.

Thanks in advance...

Discover Card

asked Mar 04 at 14:34

Samuel
3●6

7 Answers:

oldest newest most voted

0	That's a good question. I'm not sure what is the right answer to your question. I'll do some research in Google and get back to you if I discover an anything. You should email the people at Discover Card as they probably could help you.. answered Mar 04 at 15:47 Hadley 41●6

0	If debt was the only thing that brought down your scores, I would say yes, your scores might even be higher than before due to an increase in age.. answered Mar 04 at 16:27 Mitchell 445●1

0	Nobody knows exactly how much it will increase, but it's probably going to be a big increase... answered Mar 04 at 17:50 Fatima 462●2

0	Not always. FICO might stay same or even decrease sometimes due to different buckets. As always, YMMV... answered Mar 04 at 18:09 Sophia 237●7

0	For the most part yes you will go back to where you were plus or minus a few points... answered Mar 04 at 18:11 Devon 157●8

0	It will eventually get back to where you were. I doubt that the increase will be immediate... answered Mar 04 at 19:45 Alijah 323●4

0	The technical term for the type of increase you'll see is a "buttload"..... answered Mar 04 at 20:41 Connor 32●5

0	It's good and bad that Discover credit card companies dont report balances immediately.. answered Mar 04 at 22:16 Axel 129●8

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