Good photoshop/editing apps for iphone?

I've been looking for ways to edit photos on my iPhone. I can't find any really good apps that can let me do what I want to do. I want to put text on photos, and put a picture into another one if that makes sense. Does anyone know of any that are free or like 99 cents? Just your favorite editing app or one you've heard of. Please?

Check out Phonto - http://www.appfavour.com/photo-video/phonto-text-on-image_438429273/ This is a simple free application that allows you to add text to pictures. They have tons of fonts to choose from.