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.
Posted May 11, 2014 4:58pm. Judgements stay on the credit report for 7 years from the date filed. If it is older than 7 years, you may file a dispute with the credit reporting agencies stating the judgment is old. Note, if the judgment comes off your credit report doesn't mean it ceases to exist.