Received a text message saying that it involved contract overdraft.

No, it may not be true. The following are possible scenarios and explanations:

1. Mistransmission or fraud: The message that may be received is error information or fraud information. Some criminals may send false short messages, claiming that they are suspected of contract fraud and asking them to report it to the local authorities for handling. In this case, you should be vigilant and verify.

2. loans overdue: If you do exist in loans overdue, and the message of 1068 comes from a consumer financial institution, then the message content may be true. In this case, the consumer finance company may have reported your overdue situation to the relevant local departments for handling. You can contact the agency to find out the specific situation and take corresponding actions.

To sum up, it is impossible to directly determine whether it is suspected of contract fraud according to the content of the received SMS. I suggest you carefully check the relevant information, get in touch with consumer finance companies and consult their opinions and suggestions.