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TRYING TO GET OUT OF MEXICO TIMESHARE

I BOUGHT A TIMESHARE IN CANCUN SEVERAL YEARS AGO. I TRIED TO SELL IT FOR ALMOST NOTHING BUT NO ONE WANTS TO BUY IT. IT IS ALL READY PAID FREE AND CLEAR BUT I HAVE TO PAY $750 EVERY ODD YEAR. WHAT HAPPENS IF I DECIDE NOT TO PAY THE ASSOCIATION DUES. I'VE ALL READY TOLD THE RESORT I NO LONGER WANT THE TIMESHARE BUT THEY SAID THEY WILL TURN ME OVER TO A COLLECTIONS AGENCY IF I DON'T PAY THE DUES. IS THAT TRUE? WILL NOT PAYING MY DUES HURT MY FUTURE CREDIT SCORES?