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.
The time period for collecting judgments in many states is ten years, but after that expires you can usually renew the judgment for another ten years. So, even if the person or business that you have a judgment against does not have any income or assets today, income or assets may be accessible in the future. 8. Unfortunately, if the person against whom you have the judgment files a Chapter 7 bankruptcy, your ability to collect is cut-off, like most other creditors.