Combine the cream cheese, cheddar cheese, and ranch seasoning mix in a medium bowl. Blend until smooth and creamy.

Shape the cheese mixture into 16 small balls, about 1 tablespoon each. Place them on a parchment-lined tray and refrigerate for about 1 hour.

Mix the bacon, chives, and pecans in a small bowl or on a plate.

Roll each chilled cheese ball in the bacon, chive, and pecan mixture until fully coated.

Serve on a platter. If not serving immediately, cover loosely with plastic wrap and refrigerate. Let sit at room temperature for 15 minutes before serving.