After 4 years of overdue credit card, you usually cannot pay back only the principal. According to Chinese credit card regulations and common practices, overdue credit cards require repayment of principal, interest and late fees. The following is a detailed explanation of this issue:

1. Regulations on overdue credit card repayments:

According to Chinese credit card regulations, cardholders of overdue credit cards need to repay the overdue amount on time. Including principal, interest and late fees. Being overdue will not only affect your personal credit record, but may also lead to increasing penalty interest and late fees.

2. The meaning of principal, interest and late payment fees:

The principal is the amount borrowed by the cardholder when using the credit card for consumption, the interest is the additional fee calculated according to a certain proportion, and the late payment fee is It is the liquidated damages arising from late repayment. These three are components of the overdue credit card repayment amount, and must be repaid in full according to credit card regulations.

3. Liability and consequences of breach of contract:

Late repayment leads to breach of contract, and the cardholder has a legal obligation to repay the entire overdue amount. If only the principal is repaid without interest and late fees, cardholders may face serious consequences, such as damaged credit records, bad records with credit bureaus, possible legal disputes, and freezing of credit card accounts.

To sum up, after 4 years of overdue credit card, you can not only repay the principal, but also need to repay the principal, interest and late payment fees. Late repayment will have a serious impact on personal credit, so repaying the overdue amount in a timely manner is an important measure to maintain a good credit record.

Extended information:

According to the credit card management regulations issued by the People's Bank of China, credit card holders should repay their loans on time. If the repayment is not made in full within the agreed repayment period, an overdue amount will be incurred, late payment fees will be paid, and liquidated damages will be calculated on a daily basis. Overdue credit card repayments will have a negative impact on a person's credit record and affect his or her application for other credit products.

In addition, after the cardholder is overdue, the bank can also take other measures, such as phone collection, text message reminders, legal proceedings, etc. to recover the overdue amount. Therefore, when encountering an overdue situation, it is wise to contact the bank in time and formulate a reasonable repayment plan to avoid unnecessary legal and financial disputes.

In general, you cannot only repay the principal of an overdue credit card after 4 years. According to Chinese credit card regulations and common practices, cardholders should repay the entire overdue amount, including principal, interest and late fees. Insisting on timely repayment is an important step in maintaining a good personal credit record, and it is also a basic obligation to comply with laws and regulations.