If you start ion the lower left and drag to the upper right corner....

Your text will be inside the curve. Like this.

Block the circle as before. conver to raster and save.

You can also use the Pen to make curved text. Click on the pen tool and these settings.

Click to start the line. I started on the lower left and went up to the right.
With the pen tool, you click -let go and click again to set two points.
You can even adjust the line so there is a curve there. Just play with it.

Then click on the text icon

and set your starting point as before.

add your text. Checnge the alinement to chenge how the text looks.

like this

Then remove the line from view as before.

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