Fallout 3 | New Vegas not working on Windows 7 & 8

Please find information on how to get Fallout 3 and Fallout New Vegas working on Windows 7 and Windows 8.

A year or so ago I bought Fallout 3 and New Vegas on the PC. I had already completed them on the PS3 and wanted to try them on my computer.

Upon launch of both games, Fallout 3 on Windows 7 and New Vegas on Windows 8, I could not get past the start screen, the game would just crash.
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