Once your lease
has expired, your status as an Authorized User will be removed from the credit
card(s). However, most credit card companies tend to leave the account history
on your credit report for a period of six months to several years.
benefits of these accounts give you the ability to access more favorable
financing and employment options. It will also make it easier to continue
improving your credit score over time, though you may be able to continue making
improvements while paying lower interest rates than you were previously.
It is important to
note that the credit card company may remove the information from your report
as soon as you are removed as an authorized user. In that regard, it is often
best to avoid procrastinating if you were hoping to qualify for a new line of
credit on your own. If your intention is to continue improving your credit
score, then the loss of the credit card(s) from your credit report will have a
less notable effect on your plans.
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