1 $1,585: Average monthly shelter cost of a homeowner with a mortgage. 2  The average mortgage payment in 2011 was roughly $1,074 per month. 3  26.2%: Of homeowners with a mortgage spent more than 30% of their gross household income on housing (StatsCanâs threshold of âaffordabilityâ).4  Thatâs 1.4 million households. The average mortgage payment in 2011 was roughly $1,074 per month. 2  26.2%: Of homeowners with a mortgage spent more than 30% of their gross household income on housing (StatsCanâs threshold of âaffordabilityâ).
A late payment can stay on your credit report for up to seven years. This is the standard time limit for most items. Only a bankruptcy can stay longer -- up to 10 years in some cases.
Letâs explore how long negative entries remain on your credit report: Late Payments. Late payments will generally remain on your account for 7 years. However, if the account on your credit report reflects current status and payment history, past late payments could remain on your credit report for up to 10 years.