I work for a bank here in Canada and as said before Student loans do not go towards your credit bureau as a loan or credit card does. IF Nissan declined you I can guarantee a bank will as well. With what’s going on with credit right now banks are not looking to take on debt with someone that doesn't have a credit history.
Unfortunately banks have learned a lesson from the States, and are tightening loaning money.
And always look at the 5 C’s of credit
Credit History – History of paying debts?
Character – Will they pay?
Collateral – If they don’t pay what assets do they have?
Capacity – Can they pay?
Capital – Down payment or overall savings
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