I need some help on what compound bow i should get, im looking at hoyt, and mattews. I don't care if its a last year bow either, im looking to spend no more that 550 on the bow its self.

If you're a beginner, I would definitely try to find a knowledgeable pro shop somewhere in your area. There's a lot to be said for having a hands-on experience in letting someone help you with form and fit. They'll be able to walk you through the whole process, and help with accessories and other gear.

Both Hoyt and Mathews are good choices.
Many other good choices also.
Do you have a good pro shop near you?
Try as many bows as you can and find the one that "fits" you.

Well theres this guy at my deer camp thats been hunting with a bow for about 20 years now. He told me he could hook me up on a bow. I just wanted 2 know some names of bows that might be decent shooting.

Any bow in those lines won't be bad. You might want to look at some others though like PSE, Diamond, Ross, Bowtech, Martin, ect. I really think most of these companies $300 plus bows can shoot better than what I can I know you'll hear this a lot but just go shoot them all. I went to a shop thinking i'd be walking out with a PSE Vengence and ended up buying a Bowtech Old Glory. Be careful though this bowhunting is addicting

I guess the bow he left behind is now mine. I started with a PSE Nova, moved quickly to the Vengeance and just bought the new '07 Brute. All PSE's and all great shooters.