Can you edit vertices/faces on a text object? Are text objects solid objects or made up of individual vertices and faces that you can edit? Can they be converted into an editable objects, maybe with the help of an add on? How about tracing it to make a new object?
It's made up of automatic tracing of a font. So it's its own type. 
To convert it into an editable object: 

Select your text object.
Hit Alt + C and select to either convert it to a mesh or a curve.