Hope I'm posting this in the right area.
This has apparently been a long running problem with the game for EPSXE. I am happy to say I found a solution with a little bit of trial and experimentation.
Use EPSXE v1.9.0
Use P.E.Op.S. Soft Driver 1.18
Before you load the game, bring up configuration on this graphic driver:
In ACTIVATE SPECIAL GAME FIXES, checkmark the following
[X] Use PC fps calculation
Load your game.
The frames will now appear as they should with no garbage or previous text in them.
Hope This Helps !