Place the trimmed chicken thighs into the basin of your slow cooker.
In a small bowl, whisk together the dry ranch seasoning mix, garlic powder, and smoked paprika. Sprinkle this seasoning blend evenly over the chicken.
Position the block of cream cheese directly on top of the seasoned chicken.
Secure the lid on the slow cooker. Cook on the LOW heat setting for 6 to 7 hours. It's best to avoid lifting the lid during this cooking phase to ensure consistent temperature and cooking.
After the cooking duration, once the chicken is thoroughly cooked and easily falls apart, use two forks to shred it directly within the slow cooker.
Stir the melted cream cheese and accumulated chicken juices thoroughly, combining them well with the shredded chicken. Gently incorporate the cooked, crumbled bacon.
Spread the chicken mixture into an even layer within the slow cooker. Uniformly sprinkle the shredded cheddar cheese over the top.
Replace the lid and continue to heat on LOW for another 10 to 15 minutes, or until the cheddar cheese is completely melted and bubbly.
Serve hot. This dish is excellent paired with cauliflower rice, fresh steamed low-carb vegetables, or served in low-carb wraps or buns for a decadent sandwich.