hey guys, never ever create logos that way! Logo is more serious than you think. Of course if you wanna create a logo just for fun, it's ok. But if you are serious about your image,just dont. Learn software or get a professional logo designer. Just sayin.
Most of the sites I have seen that offer "free" logos are not very good. You get a thumbnail image for free and then they want to charge you for something you can actually use. i use cooltext
http://www.logogarden.com/ is okay. But the other ones mentioned here are better I think. But I think if you want a good, original logo for cheap try Fiverr.
Just to back up what other people have said here, I personally used Fiverr and it turned out to be the best decision for what I needed in terms of a logo.
any photoshop editing for $5 see this site, https://www.fiverr.com/maxwell1100/do-any-photoshop-work-within-2-days