This is really weird ...I play CF on old PC with Win XP and I don't have this type of problems. Here is one guide (in Czech) link or you can try install latest Visual basic from microsoft download &/or support. ... Or you can try pm OP, maybe he can help you m8.
One from my friends solve this issue with re-downloading mod and installing him fresh. But in your case it can be problem with your windows installation. This thread is little old without similar issue reported for longer time. I have win 7 64 bit installed on two PCs and both run CF without probs.