Loose Steering and creaking noise when turning left or right
 

Just recently in the last 3 months I have noticed that there is a creaking noise when I turn left or right. Sounds like a creaky old door and just in the last 2 weeks the steering has become very loose. CCan anyone make any suggestions as to what is causing this problem and about how much it will cost without the warranty. The car has less than 50,000 miles. Please help.