Place finely chopped pecans in a shallow dish and set aside. In a large bowl (or in the bowl of a stand mixer fitted with the paddle attachment), mix the cream cheese until smooth. Add the cheddar cheese and mix until just combined. Lightly sprinkle all the seasonings and sauces over the cheese mixture and mix until thoroughly combined.
With lightly greased hands, portion the cheese mixture into four pieces (or two, if you want larger cheeseballs) and roll each section into a round ball. Coat in pecans. One easy way to do this is to hold the cheeseball in one hand and scoop up the pecans and press them onto the cheeseball with the other, turning the cheeseball as you go and letting the excess pecans fall back into the dish (this also helps the pecans to go a little further).
Cover each cheeseball in saran wrap and refrigerate until ready to serve.
Notes
Sauce: sometimes instead of the hot sauce, I throw in some sweet Thai chili sauce; it's amazing.