In a mixing bowl, combine the cream cheese and sour cream until smooth.
Add the cheddar cheese, garlic powder, onion powder, paprika, salt, and pepper. Mix well.
Transfer the mixture to a baking dish and spread it evenly.
Bake in a preheated oven until the dip is hot and bubbly.
Serve hot with your favorite crackers or bread.
Pro Tip: Consider topping the dip with crispy bacon or fresh herbs before baking for extra flavor.
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