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Vegas Tops Personal Debt Survey

Cost Of Living, Bankruptcy Rates Determine Ranking, Census Says

POSTED: 9:23 am PDT July 4, 2008
UPDATED: 10:10 am PDT July 4, 2008

While it may be a great place for tourists, one survey says that it is not a good place for the locals.

According to "Men's Health" Magazine, Las Vegas has the third-highest mortgage foreclosure rate of the 100 cities in the survey.

Other factors in the ranking include the percentage of people with high housing costs, the FDIC's most recent personal-bankruptcy rates, the ledger by credit bureau Experian on average credit scores, the personal credit-card debt and the available credit used per person.

For more information, you can read the full article at "Men's Health" Magazine.

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