Yes, we don’t consider credit history or credit score as the only factor when evaluating your application. You don’t even need an SSN to apply for a personal or a student loan.
If you have credit history, we will consider it, but if you do not have credit history it will not hurt your application. Bad credit and no credit are two different situations that should be evaluated as such.
By looking at your credit score it helps us understand your financial behavior better and lower your interest rates based on that. For more information on when we do a credit pull please see here.