A new survey from the credit-reporting agency Experian reveals that 40% of respondents who earn $100,000 a year or more worry that their credit score will hurt their home buying ability this year. The Wall Street Journal (subscription required) reports that these concerns are valid--the score required for a jumbo loan being 720 and serious challenges arising for scores below 680.

Some wealthy borrowers may not even realize that they have credit challenges with shared credit obligations being a common occurrence according to Stephen M. Calk, chairman and CEO of Chicago-based Federal Savings Bank:

He gives an example of a spouse who has credit issues that go unconfessed, emerging when a loan application is filled out. Unpaid parking tickets are another common surprise, Mr. Calk says. In the case of unpaid bills, the problem can usually be solved by simply paying the bill and then using “rapid re-score” services, which can be as fast as a few days.

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