Johnny beat me too it!
But I was
ALSO going to say that you can actually update the string variable that the text object uses and even setup a collision box that can be edited and updated whenever needed, pretty quickly too.
ALSO, if you want to create a scrolling list of constantly updated strings, using a text object is actually easier and extremely faster than having to constantly create a text object / or update a string in a text object / or delete an old text object and than create a new text object with an updated string, and than scroll it accordingly...phewwwwwwww!! I'm winded from saying that in one sentence!