Judging by your first post my impression is that you meant, from the beginning, to reformat. If I am correct then it would be a lot faster to do it again, taking care to reformat this time.
In a previous post I referred to cluster size. That is very important if you have many small files. In such cases FAT can be very wasteful. If you take my advice and reformat, please make sure to set the file system to NTFS and not to FAT (which is presently the case).