Its a numbers thing this loan is about 84 usd while my id is potentially worth thousands. Does that make some sense?
If you need to borrow eighty dollars, your ID is probably not worth thousands.
So wait let me get this straight. Its not possible to get multiple credit cards in someones name and then spend money that they become liable for?
Yes, it is possible. For credit cards, your maximum liability would be $50.
http://www.consumer.ftc.gov/articles/0213-lost-or-stolen-credit-atm-and-debit-cards