Criteria for accepting loans vary by lender. Some lenders will only extend loans to low risk consumers; others accept loans from consumers with a more risky credit history. There are many different risk score models with different scales, so a 720 on one might be good but a 720 might represent high risk in another risk scoring system. That is why the number alone is not very helpful. A lender should be able to describe what the number represents, whether it is good or bad, and more importantly provide the risk factor statements that explain what from your credit history or application most impacted the score at the time it was calculated.