<PAGE>
Exhibit 24
ISSUER'S POWER OF ATTORNEY
We, the undersigned directors of Approved Financial Corp. ("the
Company"), do hereby constitute and appoint Allen D. Wykle or Jean S. Schwindt
and Eric Yeakel, or any of them, our true and lawful attorneys and agents to
sign a Registration Statement on Form S-1 (and all amendments and revisions
thereto) to be filed with the Securities and Exchange Commission, and with
several states and to do any and all acts and things and to execute any and all
instruments for us and in our names in the capacities indicated below, which
said attorneys and agents, or any one of them may deem necessary or advisable to
enable the Company to comply with the Securities Act of 1933, and all state
securities laws, as amended, and any rules, regulations, and requirements of the
Securities and Exchange Commission or the states, in connection with such
Registration Statement, including specifically, but without limitation, power
and authority to sign for us or any of us in our names and in the capacities
indicated below, any and all amendments (including post-effective amendments)
hereto; and we do hereby ratify and confirm all that the said attorneys and
agents, or any of them, shall do or cause to be done by virtue of this power of
attorney.
Executed below by the following persons in the capacities and on the
dates indicated:
Signature Title Date
--------- ----- ----
/s/ Allen D. Wykle Director 12/1/2000
------------------ ---------
Allen D. Wykle
/s/ Jean S. Schwindt Director 12/1/2000
-------------------- ---------
Jean S. Schwindt
/s/ Stanley W. Broaddus Director 12/1/2000
--------------------- ---------
Stanley W. Broaddus
/s/ Leon H. Perlin Director 12/1/2000
------------------ ---------
Leon H. Perlin
/s/ Barry C. Diggins Director 12/1/2000
-------------------- ---------
Barry C. Diggins
/s/ Oscar S. Warner Director 12/1/2000
------------------- ---------
Oscar S. Warner
/s/ Arthur Peregoff Director 12/1/2000
------------------- ---------
Arthur Peregoff
/s/ Robert M. Salter Director 12/1/2000
-------------------- ---------
Robert M. Salter
/s/ Gregory J. Witherspoon Director 12/1/2000
-------------------------- ---------
Gregory J. Witherspoon
/s/ Neil W. Phelan Director 12/1/2000
------------------ ---------
Neil W. Phelan