In my experience it was the credit issue who took the loss I assume, so good point. I actually never even communicated with them, just saw the credit overdue on my credit report for companies I'd never worked with under addresses a thousand miles from where I lived and disputed them as well as filing a police report that I had to include with the dispute.
I wonder how much those puts are worth now? From $140 to $90, assuming they haven't cashed it out yet...