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.
A judgement will stay on your credit report for typically 7 years. Regardless, if you satisfy or pay the judgement. This is according to the Equifax website. There is no minimum amount of time a judgement on credit report listings must remain. Potentially, you could have a judgement on your credit report forever. If a creditor decides to renew a judgement against you. They will get an additional 7 years to collect payment from the date of renewal. And this means you will have a judgement on your credit report for an additional 7 years! How To Remove Judgements From Credit Report Files. On the bright side, a judgement on your credit report is often a relatively easy item to remove.