The phrase "multiple creditors" refers to having more than one person or organization that is owed money by a borrower. In simpler terms, it means owing money to many different people or companies.
Sentences with «multiple creditors»
Instead of paying multiple creditors, you're now only dealing with one lender. (valuepenguin.com)
This method is most often used to settle a substantial debt with a single creditor, but can be used to deal with multiple creditors. (debt.org)
The main feature of credit card consolidation debt is it combines all your debts from multiple creditors into one. (consolidation.creditcard)