Barclays Pre approved loan - Urgent Advise/help

Extant

naijapower wrote: »

So, i take it there wont any pre-approved loan again.
I was hoping i would be pre-approved shortly for another loan..hopefully at a lower rate so i can take this up to repay existing one.

There is nothing to say you won't be be-approved again other than account conduct. It wouldn't normally be the very next month after taking out a loan, but you should be pre-approved again in the future, provided your account is run well etc.

The month after i took out loan (i.e. March) it showed another pre-approved £1500 loan which i igonred of course. Also showed some additional O/D which i ignored as well.
However, both offers disappeared at the start of April.

"Limits" - your list of pre-approved products - refreshes on the first Monday of every month. They will typically adjust to reflect what has come in the month before, i.e. account conduct and so forth.

They also reflect the Bank's current position to risk at any given time, i.e. how much they want to lend out and so forth.

Was hoping something more substantial in loan would appear in the near future so i can accept as explained above for the purpose of clearing existing.
Is this how the system works?
Also any ideas why the £1500 loan and O/D appeared in March and then disappeared suddenly when no action was taken by me

As above, they would have disappeared based on account performance and other factors.

If you wish to review this loan, you will have to wait - you won't find hugely better rates appearing for at least a few months.

naijapower

Is the CRA batch data provided to Barclays by all 3 agencies or just one agency?