Canadian Tire Financial Services
From Freepedia
Canadian Tire Financial Services is the credit arm of Canadian Tire. They are primarily around to issue the Canadian Tire Options Mastercard, although they also offer insurance, and a line of credit.
CTFS began in 1961 as Midland Shoppers Credit Limited, a small company offering third-party credit services. During this time, many Canadian Tire stores in Ontario signed on to their program. In 1968, the company was bought out by Canadian Tire and re-named to Canadian Tire Acceptance Limited. In 1995, they began issuing a Mastercard, becoming a non-deposit taking, financial institution.
In 2002 the name was changed to Canadian Tire Financial Services.
