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
Thanks also that $50 is if you catch it in the first 2 days. The website you just posted says that after 2 days you are liable for up to $600.
All discussion of id theft liability aside would a trusted member be able if they so desired to take my btcjam account as collateral?
If you read more carefully that's for a lost debit card. Credit cards are capped. Anyway, goodluck with the loan.
My mistake and thank you.