Place cheddar cheese in the bowl of a food processor fitted with a metal blade.

Pulse until cheese is coarsely chopped.

Add remaining ingredients (cream cheese, blue cheese, and dried cranberries) to the food processor.

Process until all ingredients are well combined and a cohesive mixture forms.

Lay a large piece of plastic wrap on a flat surface.

Scoop the cheese mixture out onto the plastic wrap.

Gather up the corners of the plastic wrap and form the cheese mixture into a ball.

Refrigerate the cheese ball overnight to allow the flavors to meld and the ball to firm up.

Let the cheese ball sit out at room temperature for 30 minutes before serving to soften slightly.