Before applying for payday loans by phone you have to confirm that you are US resident, has completed age of 18 years or more and that you have a valid bank account and also is currently earning monthly salary equal to or more than 100 US dollars for more than six months. You have to provide this information telephonically when you are in line with the money lender’s operator. You have to ensure him that you are a genuine person in need of credit loan and will repay their loan in specified period. Since you are getting approval on phone, lenders will check your details on internet with them in their office on basis of borrower’s information. And after approval they will transfer amount instantly in you bank account with marginal rate of interest. On the phone there is no need of faxing any document and nor they will ask you to contact personally.