How does resetting work in Black Ops 2?

If you reset all stats, does that reset you to level 1 no prestige or will you have no stats and be level 1 on first prestige?

Solution 1:

You will be set back to the same point as when you started up multi player the first time, that is 0 on all your stats.

There is one thing you actually do get though, and that is a new Fresh Start Title / Calling Card to use on your player card, looking like this:

Solution 2:

Reset all stats in Black Ops 2 is a like starting the multiplayer all over again. You're back at level 1, prestige 0, no weapons unlocked, no perks unlocked, 0 kills, 0 deaths, no calling cards, etc. It's a full reset.

Solution 3:

Yes, it does.

You lose all of your progress and may lead you to some frustration (to "waste your hard work")