Did you know there’s a LEGAL way to swap, borrow and/or lend ebooks? Check out this site: http://ebookfling.com. It’s free to join.

But...(important service announcement here)…it ISN’T always free to borrow a book. (You did know there would be a but in there somewhere, right?)

How it works (from the ebookfling.com website):

With 14-day lending now available on tens of thousands of Nook and Kindle books, eBook Fling makes it possible for readers across America to borrow and share their ebooks. Lend an ebook, earn a credit, and borrow any other for free! It’s 100% safe with the book returned in 14 days guaranteed. Here’s how it works:
Step 1: LIST. Got ebooks? List them up for grabs.

Any Kindle or Nook books you own can be listed. Your collection is what makes up our collection.

Step 2: LEND. Email your book if requested.

Send your book along to the requesting borrower and earn credits for each successful fling. But don’t send your e-reader!

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Spend 1 credit and choose any ebook from thousands to borrow. No credits? It’s just $2.99 to borrow. Cheap, right? We prefer thrifty.

Step 4: READ. Enjoy a 14-day fling with your book!

Download to your Mac or PC, KindleTM or NookTM device, or your iPad&tm;, iPhone&tm;, Blackberry&tm;, or Android&tm; smartphone. Afterward, the book disappears and is automatically returned to the original owner. Simple.

My thoughts: If you’re the kind who buys books written by NYT and/or USA Today bestselling authors, and aren’t all that fond of their books’ price tags, that $2.99 price looks mighty good. However, there are many thousands of books available on Kindle and Nook that are priced below that. I’ve bought and read a great many of them. And I have yet to be disappointed.

A few questions you may wish to explore before joining a lending/sharing type of service like this:

1. Isn’t lending limited to once per owner, for a period of 14 days?

2. How many books are included in the Nook/Kindle lending programs?

3. At one point, it was necessary for the borrower to have the owner’s credit card number to open a shared Nook book. I’m going to assume that issue has been resolved.

4. How does this lending/sharing service compare to others?

It’s your choice. Borrow a $9.99 ebook by a NYT bestseller.  Or buy a $.99 novel by an unknown. But at least with eBook Fling, you know have a new option.