I tried the
Virtual Audio Cable option and unfortunately didn't work, I could hear everything fine but it simply didn't record.
Disabling the microphone had no changes either.
I also tried installing the XP controller but again, it didn't work.
I'm now considering a downgrade because so far the only method that has worked is using
Replay AV
This is what I'm using: Compaq Presario F70000 with a Conexant High Definition SmartAudio 221 that also says DEV_5051.