You can have multiple accounts, but the combined IRA and Roth IRA contributions for a tax year can't exceed the contribution limits for that year.Here's how the IRS puts it in Publication 590, Individual Retirement Accounts:Roth IRAs and traditional IRAs.
I am not sure how much, if at all, your FICO score will increase when the judgments fall off your credit report. Although not very common, under certain circumstances a judgment that has fallen off your credit report after 7 years can reappear. In addition to the 7-year credit reporting time period (CRTP), judgments also have a statute of limitations (SOL) on enforcement of the judgment.
So even though the judgment will drop off, it will still be a major hindrance to your mortgage application. It doesn't necessarily mean that you can't get approved, but in all likelihood you will be required to pay the judgment at closing as a condition for funding of your mortgage loan.e: Help! old judgement killing me getting a mortgage loan. â02-18-2010 02:30 PM. Keep in mind that even if your judgment falls off your credit report, you are still required to disclose the judgment on your mortgage application.