So I was working on this webpage for a client, and after everything was ready, I discovered I ran into a few errors in IE (that should always be expected 
). The major error was this:
As you can see, the form elements overflow out of the fieldset, plus that weird bar over the top. Apparently I noticed a few other blogs having solutions to similar fieldset issues for IE7, but I’m sharing you what worked for me.
Just a simple overflow:visible 
alongwith the width.
<fieldset style="overflow:visible;width: 600px;">
Hope it helps anyone running into a similar issue. I spent an entire day working around this.